A blockchain is a form of ledger technology that stores records in a decentralized manner, making it difficult or impossible to alter. Hence, it has gained massive attention for use in various applications to make our digital existence more secure and traceable.
However, along with the overall technology industry, blockchain companies have come under increasing pressure due to aggressive interest rate hikes by major central banks in their efforts to contain stubborn inflation. Moreover, cryptocurrency, one of the primary use cases of blockchain technology, is increasingly facing regulatory concerns and sell-off.
The Federal Reserve Chair Jerome Powell cited a “real need for a more appropriate regulation,” and JPMorgan’s CEO, Jamie Dimon, went one step further to call cryptocurrencies “decentralized Ponzi schemes.” As a result of these headwinds acting in tandem and investors’ growing concerns over risky assets amid the uncertain economic environment, the most popular cryptocurrency,...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...