Michael Saylor of MicroStrategy views FTX founder Sam Bankman Fried's recent legal troubles as a necessary experience for the crypto industry to strengthen and build a more stable ecosystem following SBF's unanimous guilty verdict on seven charges. 🌐💪🏦 #CryptoIndustry #LegalOutcome

Fred Thiel, CEO of Marathon Digital Holdings, has revealed plans to acquire a competing Bitcoin mining company and related infrastructure within the next two years. Thiel highlighted significant business expansion plans for 2024 and 2025, suggesting industry integration is likely. He also expressed optimism that the approval of a Bitcoin spot ETF could boost overall demand for cryptocurrencies, benefiting mining companies. 💼🪙📈 #Bitcoin2024 #Mining #CryptoIndustry

💼 Coinbase CEO, Brian Armstrong, on Going Public in 2021: "A Difficult Choice, but the Right Approach" 📈🇺🇸 Armstrong emphasizes transparency and trust, highlighting the opportunity for a new chapter in cryptocurrency growth within the United States, adhering to American law. #coinbase #CryptoIndustry 🌐💡

💼 Sandra Helou, CEO of MetaMinds, a Zilliqa-based Metaverse platform, cites the lack of a suitable business model as the reason for the Metaverse initiative's failure. She underscores the need for significant business vision and model transformation and advocates for improved interoperability and accessibility among Metaverse projects. #MetaverseChallenges #CryptoIndustry 🌐🤝🚀🗂️

🏛️ Cryptocurrency companies increased their lobbying spending to $18.96 million during the first three quarters of this year, according to data from non-profit research group OpenSecrets, as reported by Reuters. This represents a rise from the $16.1 million spent during the same period last year. Leading the pack, U.S. cryptocurrency exchange Coinbase was the top spender with $2.16 million in lobbying expenditures, followed by Forris DAX (operator of Crypto.com), the Blockchain Association, and Binance Holdings. 💼🌐 #CryptoLobbying #Coinbase #CryptoIndustry 🚀💰

Thesis Overview of Key Crypto Industry Themes for 2024 from the Coinbase Report. Part 1.

1. Bitcoin Hegemony:
- Institutional capital flows are expected to remain tied to Bitcoin at least until the first half of 2024.
- The choice of digital assets is moving towards more stable brands, leading to a sustained increase in Bitcoin's dominance above 50% for the first time since April 2021. This has been largely provoked by several well-known and established financial giants submitting applications for spot Bitcoin ETFs in the U.S.
- The restrained demand from traditional investors, seeking to enter this market, will make it difficult to displace Bitcoin's hegemony in the near term.

2. New Trading Regime:
- The cryptocurrency trading mode may shift towards Web3 applications in 2024, as market participants show more interest in the diversity of transaction options.
- The market players are expected to focus on identifying potential Web3 applications that bridge the gap between early adoption and widespread use of cryptocurrencies.

3. Layer 1 Protocol Equilibrium:
- Debates regarding the advantages of modular and integrated (monolithic) types of blockchains will continue in the near future. Monolithic blockchains like Solana will continue to hold an important place in the crypto ecosystem. However, the value of these blockchains ultimately depends on what projects are built on them and how widely they are used.

4. Development of Layer 2 Protocols:
- The proliferation of Layer 2 has led to a minor shift in activity away from Ethereum, while almost eliminating activity in alternative Layer 1s. Rapid growth of scalable Layer 2 solutions has led to the emergence of new unifying stacks such as Opstack, Polygon CDK, and Arbitrum Orbit. The number of transactions in Ethereum remains relatively stable, averaging about 1 million per day.
- By comparison, the combined activity in Arbitrum, Base, Optimism, and zk Sync currently averages more than 2 million transactions per day.
#CryptoIndustry #coinbase #BTC

🚀💥 Binance CEO Predicts 2024 as a "Turning Point" – 3 Reasons WhyBinance CEO Richard Teng highlights 2024 as a crucial year for the crypto industry. Here’s why:🔸 **Robust User Growth 📈** - Teng notes a strong upward trend in user growth. - Binance now boasts over 200 million registered users. - A 12.5% increase in monthly active users from February to May.🔸 **Enhanced Legal Framework ⚖️** - Greater legal clarity has boosted mainstream acceptance. - The introduction of Bitcoin exchange-traded funds (ETFs) marks significant progress.🔸 **Rising Adoption by Institutions and Individuals 📊** - Both individual and institutional participation in crypto is on the rise. - Teng predicts a $42 billion increase in the value of customer assets on Binance in 2024.### 📝 Key Developments🔹 **Post-Fine Adjustments:** - Following a $4 billion fine, Binance is now overseen by Sullivan & Cromwell and Forensic Risk Alliance. - Binance’s headquarters location is still being negotiated with multiple countries.Richard Teng’s insights suggest a transformative year ahead for the crypto market. Stay informed for more updates!#Binance #Crypto2024 #RichardTeng #CryptoIndustry 👉 **Follow + Like + Comment + Share**

Let's take a moment to thank #binance for it's achievements in the #CryptoIndustry #Binance7thAnniversary #PowellAtJacksonHole

Defying Traditional Gender Wage Gaps: Women in Crypto Outearn Men ❗

The crypto industry is pioneering a new era of gender equity, with women surpassing men in median base salaries by 15%, according to a Pantera Capital survey. This phenomenon is driven by women's extensive experience and prominent roles in mid-level to senior positions.

Women in crypto have demonstrated remarkable resilience and exceptional competence, earning them a reputation as 'lindy' - a testament to their ability to overcome obstacles and thrive in the industry. As a result, their tenure and expertise translate to higher earning potential.

While further research is necessary to fully understand the underlying factors, the crypto industry is setting a groundbreaking precedent for gender equality. #WomenInCrypto #CryptoIndustry #shabana #Write2Earn!

"𝐂𝐮𝐥𝐭𝐮𝐫𝐚𝐥 𝐒𝐞𝐧𝐬𝐢𝐭𝐢𝐯𝐢𝐭𝐲 𝐢𝐧 𝐂𝐫𝐲𝐩𝐭𝐨𝐜𝐮𝐫𝐫𝐞𝐧𝐜𝐲: 𝐕𝐢𝐭𝐚𝐥𝐢𝐤 𝐁𝐮𝐭𝐞𝐫𝐢𝐧'𝐬 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬"

Vitalik Buterin stresses the need for cultural awareness in the crypto world. He points out how words can have different meanings across cultures, like 'DAO' being seen as 'project'. This highlights the importance of clear communication and understanding linguistic nuances in this evolving industry.

#CryptocurrencyCulture
#VitalikButerin
#LanguageNuances
#ClearCommunication
#CryptoIndustry

💥 Crypto lobbying spending in the #US is set to blow past the 2022 record!

With over a month left in 2023, the industry has already spent $20M, closing in on last year's total of $22.2M

#cryptonews #CryptoLobbying #CryptoIndustry #News