Crypto Terms Become Dirty Words as Bear Market Lingers

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Has crypto become a dirty word to big-name companies touting Web3 and NFT initiatives? After a year of crypto scandals and enormous investment losses, it appears much more work is needed for crypto to reach mainstream adoption.

) initiatives, a sure-fire way to generate buzz was to yell about your crypto bona fides.

“There's a general desire by companies to distance themselves from the crypto bubble of the last couple years,” D.A. Davidson analyst Chris Brendler said. “It makes it easier when you're dealing with more traditional-finance institutions.”The crypto name issue is particularly acute for crypto miners because they need lots of capital and thus must appeal to outside investors. Some of them have ditched “blockchain” from their names. For instance, last week, Riot Blockchain Inc.

. “The company’s refreshed name more accurately reflects its mission, services and broader business offerings to serve customers that require large amounts of computing power for applications,” it said in a statement. Its stock plummeted 92% last year. “The words cryptocurrency and smart contracts have set the industry back a fair bit,” Kanav Kariya, Jump Crypto’s president,. “How do we coalesce around new terms that explain to folks that most tokens aren't intended to be currencies and that on-chain programs/apps aren't intended to be legal contracts?”

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Is the bottom in? this is a bottom post.

Why is the majority of the population referred to as Main Stream? A main stream is the LIFE flow to their success which rides on the backs of the working class. The rich thrive on our sweat, tears and the assets we accumulate. They aren't happy till they STEAL ALL that WE OWN!

BitCON has had integrations for a long time on e-comm platforms, where 99.99999% of businesses & consumers have rejected using it for that purpose. No matter how much the fake news brainwashed maximalists think it’s the wave of the future, this fact proves they are dead wrong.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 291. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

This week in markets: Bitcoin breaks $20,000 as crypto stocks surgeBitcoin broke past $20,000 this week — a price the cryptocurrency hadn't seen since the November 2022 market collapse.
Källa: TheBlock__ - 🏆 464. / 53 Läs mer »