The opposite aspect of the vacation season can really feel gloomy, however optimistic protection and ample alternatives for thought management helped maintain CEX.IO spirits vibrant. We maintained our media momentum on a number of fronts with appearances in Cointelegraph, a podcast recording, and we additionally celebrated an inaugural submit on HackerNoon.
As an everyday contributor to Cointelegraph’s Innovation Circle, our Founder and CEO, Oleksandr Lutskevych, joined a collection of January conversations centered round totally different points impacting the digital asset area. Alongside different business leaders, Alex shared his ideas on transparency, person protections, and methods of bettering stablecoins, all with the hope of sparking contemporary views.
The month additionally noticed CEX.IO beam throughout the podcast airwaves. Our Head of Communications, Becky Sarwate, joined Enterprise Ninjas to debate CEX.IO’s place within the ecosystem, and her personal skilled pathway to the crypto area. Along with displaying up on the digital dial, Becky additionally spoke with the Rally Level PR weblog editors to share what she believes is on the horizon for crypto in 2023.
Lastly, CEX.IO broke new floor with a publication on HackerNoon. Wealthy Evans, the Managing Director of our Prime Liquidity program, had a chunk chosen that explored how market forces and new improvements are poised to have an effect on the way forward for crypto staking.
Discover our January media highlights by way of the hyperlinks beneath.
On January 10, CEX.IO’s Head of Communications, Becky Sarwate, was invited on the Enterprise Ninjas podcast to debate her skilled pathway to decentralized finance. Overcoming a steep gender divide, Becky established a basis in company America, earlier than rising to new heights within the international crypto area as a best-in-class wordsmyth.
Take heed to the complete episode right here.
On January 12, CEX.IO Founder and CEO, Oleksandr Lutskevych, returned to the Cointelegraph Innovation Circle to debate methods business leaders could be extra clear with their communities. With the crypto area experiencing renewed scrutiny across the custody of person funds, Alex highlighted the significance of solely placing firm worth in danger.
“A lot of the crypto ecosystem’s present woes are predicated on investments made by a number of dangerous actors, usually solely with buyer funds. This accelerated their insolvency and brought about incalculable hurt. Nonetheless, by holding buyer funds in 1:1 custody and solely placing firm worth on the road, crypto corporations can introduce a stopgap to stop future runs and the evaporation of person property.”
On January 14, CEX.IO’s Head of Communications, Becky Sarwate, was again within the headlines, and this time spoke with Rally Level to discover a few of her hopes for the crypto ecosystem in 2023. From witnessing actual accountability for dangerous actors, to considering extra holistically concerning the disparate events that represent the area, Becky is optimistic about what the longer term may have in retailer.
“I feel in 2023, particularly as crypto costs begin to rebound and a few of the problematic figures of the latest previous are delivered to justice, we might be, as an business, in a position to refocus public consideration on innovation, on the actual world issues crypto can remedy. That’s a win for all the ecosystem, the folks it serves, and those we’d like to welcome.”
On January 17, our Founder made one other look within the Cointelegraph Innovation Circle, this time to debate some practices the digital asset area may stand to undertake from conventional finance. Given the latest occasions that ricochetted by means of the crypto ecosystem, Alex drew consideration to the dearth of protections that exist for market individuals, and reiterated the urgency to increase such measures.
“One of many main variations between TradFi and DeFi is the dearth of security nets within the latter. The place banks and brokerage corporations take pleasure in, respectively, FDIC and SIPC providers, crypto corporations and customers stay weak to dangerous actors. Whereas crypto custody is exclusive, for the business to realize equal footing alongside legacy techniques, such protections should be thought-about for all individuals.”
On January 17, Wealthy Evans, the Managing Director of our Prime Liquidity program, had a chunk chosen for publication on HackerNoon that explored how the mechanics of crypto staking are poised to have an effect on the business. The place a lot of the discussions round staking fixate on revenue, Wealthy outlined how inflationary value, no lock-up staking, and layer 2 (L2) options are already making an influence on PoS.
“It’s well-known that market individuals who choose to stake crypto, moderately than simply maintain it, acquire the chance to earn community rewards. In flip, benefits like governance that permit holders to take part in determination making and community evolution are sometimes loved to an analogous diploma. Nonetheless, a core function underpinning most tokenomic techniques isn’t talked about alongside these accepted staking advantages. Specifically, that not staking can include its personal, tangible dangers.”
On January 19, our CEO returned for his third go to of the month to the Cointelegraph Innovation Circle, this time to supply perception on how stablecoins can higher reside as much as their title. Black swan occasions apart, Alex helped clarify how controlling for sure tokenomic mechanisms can assist meet buyer expectations, with out impacting obtainable reserves.
“With issues of liquidity resulting in insolvency within the ecosystem, stablecoins may attempt to avert these pitfalls by pumping the brakes on issuance. On the identical time, crypto corporations ought to reprioritize over-collateralization to make sure they will meet their neighborhood’s expectations. It will be certain that circulating worth by no means eclipses reserves whereas giving customers renewed confidence in holdings.”
Disclaimer: Data supplied by CEX.IO will not be meant to be, nor ought to it’s construed as monetary, tax or authorized recommendation. The chance of loss in buying and selling or holding digital property could be substantial. It is best to rigorously take into account whether or not interacting with, holding, or buying and selling digital property is appropriate for you in gentle of the chance concerned and your monetary situation. It is best to take into accounts your stage of expertise and search unbiased recommendation if essential relating to your particular circumstances. CEX.IO will not be engaged within the provide, sale, or buying and selling of securities. Please confer with the Phrases of Use for extra particulars.
