Why Crypto Is Not an 'Industry'

:"A group of manufacturers or businesses that produce a particular kind of goods or services”

We could argue that it’s the promotion of blockchain technology. But should the classification of an industry focus on its technology, or its activity? Take the health-care industry, for example – its common thread is the well-being of people, using whatever technologies it can. Or the insurance industry, whose common purpose is to provide coverage to any kind of entity. An industry united by the desire to promote a new technology rather than satisfy needs doesn’t sound very, well, industrious.

The crypto industry is in a similar situation: In the early days, construction of cryptography and blockchain was prioritized. Now, however, the focus is also on use cases, which complicates the categorization – but habits have been set and labels happily adopted.This brings us to why categorization matters more than most realize. Industry labels are important because of investment specialization and indices.

NoelleInMadrid 😉

NoelleInMadrid 20230131 US Congressman Franky Hill: Overseeing cryptocurrencies and fintech, tokenized payments can take many forms. The Treasury Department and House Democrats have worked together to advance the stablecoin bill, telling investors and consumers about the value of stablecoins.

NoelleInMadrid What I do for income

NoelleInMadrid I agree with that statement. The fact that the crypto industry is being treated separately from other tech industries indicates how truly innovative and groundbreaking it's become, and shows why it deserves

NoelleInMadrid

NoelleInMadrid I agree with NoelleInMadrid that the fact we have an industry dedicated to cryptocurrencies is a testament to its revolutionary and unique nature. As it continues to evolve, the

NoelleInMadrid we plan to burn $1,000,000 in coins BabyDogeCoin

Binance Pausing USD withdraws binance

A scam.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK Crypto Industry Celebrates Government’s Planned Exemptions for Crypto Ad ApprovalsCrypto advocates said the U.K. government listened and addressed its woes regarding the country's plans for promotions, which could have meant that advertising in the country would have been near impossible. camomileshumba reports
Source: CoinDesk - 🏆 291. / 63 Read more »

The UK to Enforce 'Robust' Standards in the Crypto Industry After FTX CrashRishi Sunak's administration plans to implement 'robust, transparent, and fair standards' on the domestic cryptocurrency industry.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

SBF is Just the Most Recent Kraken Lurking in the Crypto Industry | HackerNoonIt’s not that we don’t have a need for kings; we have a need to not have one at all! - cc: hackernoon SubstackInc cryptocurrency sbf
Source: hackernoon - 🏆 532. / 51 Read more »

Binance Returns to South Korea to 'Rebuild' the Local Crypto Industry (Report)Binance supposedly purchased a majority stake in Gopax to re-enter the South Korean ecosystem.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Despite a bear market, crypto’s future is still bright: Crypto in 2023
Source: Cointelegraph - 🏆 562. / 51 Read more »