您现在的位置是:Blockchain didn't fail, says Pantera's CEO on FTX collapse >>正文
Blockchain didn't fail, says Pantera's CEO on FTX collapse
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛41853人已围观
简介Pantera Capital’s CEO says FTX’s collapse was not caused by blockchain failure.In a lett...
Pantera Capital’s CEO says FTX’s collapse was not caused by blockchain failure.
In a letter to investors, Dan Morehead said there is a need for trustless systems in the ecosystem.
Business in the blockchain space is moving back to safe entities, Morehead added.
Blockchain shouldn’t be blamed for FTX’s collapse
Cryptocurrency exchange FTX collapsedin November following the mismanagement of customer funds by Sam Bankman-Fried and his executives. Since then, the news of the collapse has dominated headlines, with regulators and legislatures in the United States currently talking about the best way to regulate the market.
However, while commenting on the event, Pantera Capital’s CEO, Dan Morehead, said FTX’s collapse doesn’t mean that blockchain technology has failed.
In a letter to investorsa few days ago, Morehead said blockchain didn’t fail. He added that there are regulated entities in the cryptocurrency space that are still working. He said;
“There are exchanges like Coinbase, Kraken, and Bitstamp that, when a client sends money to them, they just put it in a bank. The solution is pretty straightforward. The narrative that blockchain skeptics and some regulators and politicians are pumping out misses the point. The collapse of FTX had nothing to do with blockchain technology. It’s not crypto that failed. Bitcoin and all the other protocols worked perfectly.”
In addition to centralised crypto exchange, Morehead added that decentralised protocols are still working fine. The Pantera boss pointed toward decentralised exchanges like Uniswap, 0x, 1inch, Balancer and Dodo, stating that they continue to work fine.
Safe entities are now attracting businesses in the space
Morehead added that business in the cryptocurrency space is now going to safe and secure companies. Cryptocurrency companies need to be audited to ensure that their finances are fine. The Pantera Capital CEO said;
“Regulated, transparent, onshore, and/or audited exchanges are seeing a dramatic increase in market share. This is essentially getting back the customers who fled to offshore exchanges for more assets/potentially unregistered securities offered to trade, more leverage, and lower fees. Since October, the market share of exchanges like Coinbase, Kraken, Upbit, and Bitstamp has increased 30 percentage points.”
Morehead added that he hopes the trend continues as that would ensure the growth of the broader cryptocurrency market.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/747316.html
相关文章
3 reasons why Litecoin price has risen for 7 days straight
Blockchain didn't fail, says Pantera's CEO on FTX collapseLitecoin price has drifted upwards in the past seven days straight.The coin has more than doubled fr...
阅读更多
Ripple, SEC ordered to agree settlement conference dates
Blockchain didn't fail, says Pantera's CEO on FTX collapseUS Judge Analisa Torres referred Ripple vs. SEC case to Magistrate Judge Sarah Netburn.Last week&rsq...
阅读更多
Bitcoin could hit $120,000 by the end of 2024: Standard Chartered
Blockchain didn't fail, says Pantera's CEO on FTX collapseStandard Chartered analyst sees another 60% upside in Bitcoin this year.Geoff Kendrick explained his...
阅读更多
热门文章
- Entrust Australia Partners With Hedera Hashgraph
- Nexo and Citigroup are in talks for strategic opportunities in crypto lending
- Aelf (ELF) token jumps 142% as investors turn to SUSHI rival SASHIMI
- Chancer prediction as the ASI token sale gathers momentum
- Uniswap's governance raises decentralisation concerns
- Cardano establishes a strong trading range despite pressure
最新文章
The best cryptocurrencies to buy with rising US inflation
Why Cronos (CRO) could be the best crypto bet in 2022
Market recovers, LINK and Theta stand out with 10% gains
Avalanche price prediction as it targets a $30 trillion industry
Spritz Finance bill pay beta launches on Polygon Network
Ripple invests in $54M series A round for Futureverse