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Cryptocurrency is headed toward surviving its first age

The past year was a challenge across the globe. Financial markets plunged deep into the red, affecting millions, if not billions, of people worldwide. Inflation rose. For crypto,...
Cryptocurrency is headed toward surviving its first age © Reuters
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The past year was a challenge across the globe. Financial markets plunged deep into the red, affecting millions, if not billions, of people worldwide. Inflation rose. For crypto, it has arguably been the worst year since Bitcoin’s (BTC) inception. It has been more of an ice age than a crypto winter​, and bad actors and weak project​s have dominated headlines —​ including FTX, Voyager, Celsius, Terra, ​​Hodlnaut​, and this week, Nexo​.

​In 2023, the purge could continue with projects that — like Tezos, Lisk and EOS — do not develop any new technology, nor do they innovate. It’s been said frequently that 90% of crypto projects will ultimately fade away or disappear because, among other failures, they solve nothing.

Number of users with Bitcoin balances of 1 BTC or more from Oct. 21 through Nov. 22. Source: Glassnode
Raullen Chai is the co-founder and CEO of IoTeX. He previously worked for companies including Google (NASDAQ:GOOGL), Uber (NYSE:UBER) and Oracle (NYSE:ORCL). He holds a Ph.D. from the University of Waterloo, where his research focused on designing and analyzing lightweight ciphers and IoT authentication protocols. At Google, he led many important security initiatives for its technical infrastructure, including mitigation of SSL attacks, privacy-preserving SSL offloading and enabling certificate transparency for all Google services. He was also the founding engineer of Google Cloud Load Balancer, which now serves thousands of cloud services, with over 1 million queries per second.

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05-02-2023 01:21:25 (UTC+7)

EUR/USD

1.0795

-0.0115 (-1.05%)

Summary

Buy

Moving Avg:

Buy (6)

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EUR/USD

1.0795

-0.0115 (-1.05%)

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Moving Avg:

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GBP/USD

1.2054

-0.0169 (-1.39%)

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Buy (10)

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USD/JPY

131.19

+2.54 (+1.97%)

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Moving Avg:

Buy (4)

Sell (8)

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AUD/USD

0.6923

-0.0153 (-2.16%)

Summary

↑ Sell

Moving Avg:

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Sell (12)

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USD/CAD

1.3399

+0.0084 (+0.63%)

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EUR/JPY

141.62

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EUR/CHF

0.9996

+0.0036 (+0.36%)

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1,877.70

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22.390

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4.0312

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173.63

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4,257.98

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1,985.53

-15.69 (-0.78%)

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IBEX 35

9,225.60

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54.040

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9.902

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145.02

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    EUR/USD 1.0795 Buy  
    GBP/USD 1.2054 ↑ Buy  
    USD/JPY 131.19 ↑ Sell  
    AUD/USD 0.6923 ↑ Sell  
    USD/CAD 1.3399 ↑ Sell  
    EUR/JPY 141.62 Neutral  
    EUR/CHF 0.9996 Buy  
    Gold 1,877.70 ↑ Sell  
    Silver 22.390 ↑ Sell  
    Copper 4.0312 ↑ Sell  
    Crude Oil WTI 73.23 Buy  
    Brent Oil 79.82 Buy  
    Natural Gas 2.385 Sell  
    US Coffee C 173.63 Buy  
    Euro Stoxx 50 4,257.98 ↑ Buy  
    S&P 500 4,136.48 ↑ Buy  
    DAX 15,476.43 ↑ Buy  
    FTSE 100 7,901.80 ↑ Buy  
    Hang Seng 21,660.47 ↑ Buy  
    Small Cap 2000 1,985.53 ↑ Sell  
    IBEX 35 9,225.60 Neutral  
    BASF 54.040 ↑ Buy  
    Bayer 56.68 Neutral  
    Allianz 220.75 ↑ Buy  
    Adidas 161.06 ↑ Buy  
    Lufthansa 9.902 ↑ Sell  
    Siemens AG 145.02 ↑ Sell  
    Deutsche Bank AG 11.530 Buy  
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# So hôm qua # Chênh TG
SJC Eximbank6,670/ 6,730
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Cập nhật 05-02-2023 01:21:27
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Sản phẩm Vùng 1 Vùng 2
RON 95-V24.00024.480
RON 95-III23.14023.600
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Dầu hỏa 2-K22.57023.020
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Ngoại tệMua vàoBán ra
USD23.250,0023.620,00
EUR24.892,6426.286,54
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JPY177,36187,76
KRW16,5420,16
Cập nhật lúc 18:52:43 04/02/2023
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