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The politics have also led to some reputational baggage. As dYdX prepared for its shift to Cosmos, its CEO, Antonio Juliano, tweeted “I specifically don’t want dYdX’s brand to be too associated with cosmos.” The rationale behind this statement, according to Juliano, didn’t have anything to do with Cosmos drama.
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The number two at the Indian central bank said that stablecoins are beneficial to economies such as the U.S. and Europe, to whose currencies the stablecoins may be linked. But in a country like India, they could potentially replace the use of the rupee in the local economy, Sankar said,
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The custody rule change is currently a proposal, and is favorable for bank-custodians and thus positive for crypto custodians such as Anchorage, who have bank charters, and also custodians who operate under state charters, analysts Gautam Chhugani and Manas Agrawal wrote. Source
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The protocol’s opponents argue that Ordinals will compete with traditional payment transactions by crowding blocks and driving up transaction fees. Rodarmor disagrees. “To that I say, well, there's this fee market pricing mechanism that bitcoin has, that lets people pay the amount of fees according to how valuable doing the
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As traditional institutions proactively reduce exposure to cryptocurrencies as a reaction to ecosystem collapses in 2022, Binance CEO Changpeng ‘CZ’ Zhao believes this move could potentially have a negative impact on such traditional financial players.The collapse of major crypto platforms, such as FTX and Terraform Labs, not only reduced trust
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