Kevin Plumpton on LinkedIn: #networking #innovation #blockchainlifestylemeetup2024 (2024)

According to Michael Gronager, CEO of Chainalysis, the future of the crypto industry and #Web3 holds immense potential:📈 Crypto Adoption: Adoption of #blockchain and #crypto is soaring, focusing on #transaction volumes over market cap.💸 #Bitcoin Spot ETFs: Bitcoin ETFs have seen $12B in inflows, showcasing rapid growth and strong #investor interest.💱 Stablecoin Dominance: Stablecoins now dominate, making up 60% of transactions between $1K and $100K.🌍 Integration with #Finance: Crypto is now intertwined with mainstream finance, attracting diverse investors and regulators.🚨 Combating Crime: Chainalysis helps curb crypto #crimes, seizing over $10B in illicit assets and aiding law enforcement.From my perspective, the growth of crypto necessitates robust #regulation. As the industry expands, we must prepare for a fully #regulated market, leaving no room for #moneylaundering.

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With the recent turbulence in the cryptocurrency market, the importance of stablecoins has never been more evident. The collapse of #TerraUSD, followed by TrueUSD's depegging event, underscored the volatility and risks associated with these digital assets.This research delves deep into the historical context, examining over 330 currency pegs spanning 223 years. Shockingly, it found that almost half of these fixed currencies failed, with macro vulnerabilities, speculation, and governance issues cited as primary reasons.But here's the kicker: #stablecoins are not all doomed. Just like their real-world counterparts, they require ample reserves, credibility, and robust #financial backing. History suggests that while some may thrive, many will likely fail, especially without greater #transparency and #regulation.Amidst this uncertainty, stablecoins represent a crucial bridge between traditional and #blockchain-based currencies. They provide a stable reference point in a #volatile crypto world, enabling seamless trading and #liquidity.https://lnkd.in/e4eFcE6D

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#Argentina is making waves in the #cryptocurrency world with its innovative Bitcoin #mining project using stranded gas! 💡💰Partnering with YPF Luz, Genesis Digital Assets Limited (GDA) is leading the charge in converting waste into wealth by harnessing stranded gas from oil fields. Situated in Neuquén Province, this project not only promotes sustainability but also reduces environmental damage by using gas that would otherwise be wasted. 🌍🌱Despite the challenges, #Bitcoin mining remains profitable for many individuals, and seeing more countries like #Argentina actively participating in the industry is a great sign for its growth! 📈🌎https://lnkd.in/eKpY6tsT

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Have you ever heard hate speech about crypto from a careful spot #investor? From someone who works with a #riskmanagement strategy? From someone who is fully knowledgeable on technology and the proper use of ledger technology, and who is not driven solely by a desire for quick profit? No way!And that is because cryptocurrency is not a childish game; it is a serious deal that requires a serious approach. You can't succeed until you've spent at least 100 hours learning about #crypto, doing your own #research. To make smart decisions, you have to gain experience, learning from your own mistakes or from others'. It's all about gaining invaluable knowledge every day and staying up-to-date with the highly volatile #cryptocurrency market.That's why anyone who truly understands the cryptocurrency market cannot call it a #Ponzi scheme or a casino. There is no spot investor who can badmouth crypto, as they understand the power of #fear and #greed and recognize that risk is a crucial factor in #investing. Like any other market for that matter.Nevertheless, let's always keep in mind that the cryptocurrency sphere is still risky, even if we're talking about spot investing with no #leverage. Do not invest more than you can afford to lose. Do not seek quick profits; it will undermine the process. Learn and enjoy, study and hold.

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Once you try it, you will never want to quit it. It's human nature; we don't rid ourselves of things that provide us #freedom and #confidence.Technological #innovation, which continues to develop at the speed of light, will provide many techies with jobs for years to come.The demand for #crypto, already sky-high a couple of years ago, keeps increasing, bringing us always (baby steps) closer to the coveted future mass adoption.Every new #Bitcoin ATH, every regulatory win for crypto, every popular crypto use case, will make us more able, willing and eager to continue. Once we start, there's no going back.

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It was a pleasure to meet so many friends and colleagues to discuss #MiCA and the #crypto regulatory landscape. The world of #finance is revolutionizing now, and we, at Kyrrex, are proud to be a part of it! Undoubtedly, #regulatory compliance is our duty and responsibility!

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Hi there! Join us for a breakfast meeting supported by FinanceMalta, titled "Malta: Getting A #MiCA Equivalent Licence Now."As a panel we will be discussing and showcasing Malta’s regulatory landscape in the #digitalasset realm, exploring our country’s strategic positioning and its significance as a jurisdiction of choice for #crypto ventures.Date: 30th April, 2024Venue: Events @ No.6, London, UKTime: 8:30 am till 11:30 am (GMT)From pioneering Virtual Financial Assets (#VFA) #regulations to embracing the forthcoming MiCA framework, Malta continues to demonstrate its commitment to fostering innovation while ensuring robust #regulatory oversight. See you there!https://lnkd.in/e_mdMtFi

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Now that the #BitcoinHalving is complete, we move into the next cycle with confidence, anticipating more revolutionary headwinds to further spur on our growing industry.The next significant event to watch out for is the approval of an #EthereumSpotETF. At the same time, more countries and more players get ready to jump on the #BitcoinSpotETF train. While many are eagerly awaiting the altseason (a period during which altcoins, which are all #cryptocurrencies excluding #Bitcoin, demonstrate significant growth relative to Bitcoin and the #USdollar) for an opportunity to earn, the wisest strategy is always to stay informed and updated with the latest #cryptocurrency news to be aware of the current conditions and upcoming #markettrends. Follow Kyrrex to stay informed and updated about the latest #crypto #regulatory changes and more!

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