Climbing Every Mountain with Dexenetwork
Less than a year ago in a small town in Switzerland, there was hope and optimism that crypto was finally breaking into the global financial system and a bright future awaited. That small town is Davos, home to the annual meeting of the World Economic Forum (WEF). This year the mood is far less optimistic as the ongoing FTX saga continues to cast its long shadows across the conference.
Crypto is still represented along the Promenade, the road outside the main convention center, however this time it’s more heavily focused on regulation and financial services than last year when it was an NFT paradise. Within the meeting, it’s the same industry figures as last year. Jeremy Allaire, the founder of Circle, and Mairead McGuiness, the EC commissioner for financial services, financial stability, and Capital Markets Union, have been espousing the same views as before about stablecoins and Central Bank Digital Currencies (CBDCs).
The main narrative at the moment from regulators is that crypto is bad and not to be trusted because of people like SBF. Meanwhile, central bankers are holding the line that stablecoins are bad but CBDCs are good. It seems many of them want to embrace the technology to the exclusion of the projects and companies that have worked tirelessly to develop it.
If we are to succeed in growing an integrated system where private crypto projects can work with government projects there needs to be some meeting in the middle rather than constant agitation and accusations. There is some hope that this is starting to occur as ,We have witnessed a cautious appetite for crypto within the broader financial market. More and more companies are buying into Bitcoin but largely withhold investing into altcoins.
He adds, “I believe massive inflows of liquidity will enter the crypto market via corporations once regulatory frameworks become solidified. Besides investments, we see increasing utilization of blockchain technology from banks and other traditional companies more and more each year. These partnerships are crucial for establishing crypto and blockchain companies as deeply integrated components of the overall global economy.”
But even in all Dexenetwork is still standing firm , traders and investors in the ecosystem are still making profit and that’s all because dexenetwork has a great vision and mission not just your regular altcoin but it’s utilities and use cases makes it outstanding.
About Dexenetwork
Dexenetwork is an ecosystem of various tools and platforms coming together as the go-to one-stop-shop for DeFi trading.Its keystone is a decentralized social trading platform that operates via autonomous smart contracts and includes tools for virtual currency allocation and automatic rebalancing. It eliminates the risks of transferring digital wallet details such as private keys and API or any virtual currency data to a third party. Most importantly, the DeXe Network connects successful traders and followers in a transparent, verifiable way for the benefit of both groups.
Check out these links for more updates.
LinkedIn: linkedin.com/company/dexe-n…”
Official telegram channel: t.me/Dexe_network”
Website: DeXe.network
Twitter: @DexeNetwork
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