Crypto Rising: The Future of Stablecoins | Forkast News
In just the past 24 to 36 hours there have been significant developments of contagion where the fallout from Terra/Luna stablecoin collapse continues to have repercussions. A growing number of crypto platforms are halting all withdrawals including Celsius and CoinFLEX, while FTX and Singapore-based crypto hedge fund three arrows capital now declared insolvent.
The contagion is only getting worse as firms with exposure face hundreds of millions in losses. More may be coming. And yet, stablecoins remain one of the most integral tools for so many people around the world who rely on it to live, do business, preserve wealth -- where their sovereign fiat is unviable, unpredictable, and unmovable.
Welcome to Crypto Rising, the monthly series where we deep dive into the news shaping the world of crypto. Joining us in this event are Caroline Pham, Commissioner of the CFTC; Trent Barnes, Principal of Zerocap; and Jason Gottlieb – Partner and Chair and International Law Firm Morrison Cohen.
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#Crypto #Blockchain #BlockchainTechnology #DigitalAssets #Cryptocurrency #DeFi
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RECOMMENDED PLAYLISTS:
Word On The Block: https://youtube.com/playlist?list=PLE...
The Daily Forkast: https://youtube.com/playlist?list=PLE...
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ABOUT FORKAST.NEWS
Forkast.News covers blockchain, DLT, cryptocurrency and other emerging technologies in a way that anyone can understand. We help you bridge the gap between the blockchain industry and the mainstream.
From NFTs to enterprise blockchain platforms, smart contracts to altcoins, Bitcoin to DeFI and beyond; Forkast’s blend of insight, analysis & daily blockchain news keeps you on the cutting edge of the digital asset revolution and the wider digital economy it both supports and disrupts.
ABOUT ANGIE LAU
Angie Lau is editor-in-chief, CEO & founder of Forkast.News and host of ‘The Daily Forkast’. She is an award-winning veteran journalist, a respected thought leader in blockchain technology and a speaker at conferences around the world including the Forbes Summit, Binance Blockchain Week, Paris Blockchain Week Summit and the Asia Blockchain Summit.
Before founding Forkast in July 2018, Angie anchored Bloomberg TV’s flagship morning show “First Up with Angie Lau” broadcast globally into 350 million homes, offices and trading floors. Angie’s TED Talk “I Am Not Supposed to Be Here” is now a TED-Ed lesson for its global audience of 6.7 million followers.
In just the past 24 to 36 hours there have been significant developments of contagion where the fallout from Terra/Luna stablecoin collapse continues to have repercussions. A growing number of crypto platforms are halting all withdrawals including Celsius and CoinFLEX, while FTX and Singapore-based crypto hedge fund three arrows capital now declared insolvent.
The contagion is only getting worse as firms with exposure face hundreds of millions in losses. More may be coming. And yet, stablecoins remain one of the most integral tools for so many people around the world who rely on it to live, do business, preserve wealth -- where their sovereign fiat is unviable, unpredictable, and unmovable.
Welcome to Crypto Rising, the monthly series where we deep dive into the news shaping the world of crypto. Joining us in this event are Caroline Pham, Commissioner of the CFTC; Trent Barnes, Principal of Zerocap; and Jason Gottlieb – Partner and Chair and International Law Firm Morrison Cohen.
---
#Crypto #Blockchain #BlockchainTechnology #DigitalAssets #Cryptocurrency #DeFi
---
RECOMMENDED PLAYLISTS:
Word On The Block: https://youtube.com/playlist?list=PLE...
The Daily Forkast: https://youtube.com/playlist?list=PLE...
---
ABOUT FORKAST.NEWS
Forkast.News covers blockchain, DLT, cryptocurrency and other emerging technologies in a way that anyone can understand. We help you bridge the gap between the blockchain industry and the mainstream.
From NFTs to enterprise blockchain platforms, smart contracts to altcoins, Bitcoin to DeFI and beyond; Forkast’s blend of insight, analysis & daily blockchain news keeps you on the cutting edge of the digital asset revolution and the wider digital economy it both supports and disrupts.
ABOUT ANGIE LAU
Angie Lau is editor-in-chief, CEO & founder of Forkast.News and host of ‘The Daily Forkast’. She is an award-winning veteran journalist, a respected thought leader in blockchain technology and a speaker at conferences around the world including the Forbes Summit, Binance Blockchain Week, Paris Blockchain Week Summit and the Asia Blockchain Summit.
Before founding Forkast in July 2018, Angie anchored Bloomberg TV’s flagship morning show “First Up with Angie Lau” broadcast globally into 350 million homes, offices and trading floors. Angie’s TED Talk “I Am Not Supposed to Be Here” is now a TED-Ed lesson for its global audience of 6.7 million followers.
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Francisco Gimeno - BC Analyst Any economic or financial model is based in trust. If there is no trust and commitment to some regulations, no model will survive. What is happening to crypto is also a consequence of a lack of trust. There is a moment when the bearish market goes so bad that investors, users and clients just get out from it. No trust. This is bad. Even the so called stablecoins which supposedly are the most stable of all altcoins have had their own issues, and chaos comes. However, we can't delete them yet from the market. To understand what it going to come, we need to understand what is going on now. If the bubble explodes, learn from it, and learn to manage the new realities, even if using the old tools, but in new ways. That is why we are for regulations, and for real stablecoins with good foundations and transparency.