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Bear market
Bitcoin and Stocks Took a Gut Punch; the Builders Hardly Noticed
Instead of waxing poetic about why the price of bitcoin “doesn’t matter,” TABConf attendees got down to the business of trying to break bitcoin’s commerce layer.
Stablecorp CEO: 'It's Time to Build the Boring Stuff'
Stablecorp aims to reduce cross-border payment friction using bank-grade blockchain technology. CEO Alex McDougall discusses whether TradFi players are interested in working with crypto for cross-border payments during a bear market, saying, "It's up to us as an industry right now to build those types of solutions ... it's time to build the boring stuff."
Despite Crypto Bear Market, Web3 Developers Are Still Building, Study Shows
A report from Web3 developer platform Alchemy shows the number of smart contracts deployed on Ethereum has increased by 40% since the end of the first quarter, despite ether’s 60% price plunge this year.
Binance Exec on the Company’s M&A Outlook
Binance CEO Changpeng Zhao (CZ) said the company may spend over $1 billion this year on deals. Chief Communications Officer Patrick Hillmann says “we’re going to continue to keep our powder dry” amid this bear market, while discussing the attractive projects they see in the space.
The Most Important Bear Market in Crypto History
This down cycle poses a question some crypto longtimers have never seriously considered before: What must be done to ensure there actually is another bull market?
'We're Mining as Usual' in Market Downturn: White Rock Management CEO
White Rock Management CEO Andy Long discusses how the company is still keeping mining operations running despite the turbulent crypto market. "You have to make sure that your operations are efficient" and not to "over-leverage yourself before the bear market," he said.
Emerging Markets Lead Global Crypto Adoption in Bear Market, Chainalysis Says
The blockchain analytics firm's 2022 Global Crypto Adoption Index also shows China remains active despite a ban on crypto trading.
CleanSpark Exec on ‘Secret’ to Expanding in Bear Market
Bitcoin (BTC) miner CleanSpark (CLSK) has purchased 10,000 new mining rigs for $28 million after credits and discounts, a significant markdown from the manufacturer’s listed price. CleanSpark Chief Financial Officer Gary A. Vecchiarelli discusses his “secret” to expanding during a bear market and the impact of the market downturn on miners.