James is editor in chief of TechForge Media, with a passion for how technologies influence business and several Mobile World Congress events under his belt. James has interviewed a variety of leading figures in his career, from former Mafia boss Michael Franzese, to Steve Wozniak, and Jean Michel Jarre. James can be found tweeting at @James_T_Bourne.
Umar Farooq, CEO of Onyx, JP Morgan’s digital assets business, made an interesting comment at a seminar held recently by the Monetary Authority of Singapore. Most of crypto, he argued, was ‘still junk.’ “With the exception of a few dozen tokens, everything else that has been mentioned is either noise or, frankly is just going to go away,” Farooq added.
Put this alongside a recent statistic from S&P Global Market Intelligence that global private equity and venture capital investments in blockchain and cryptocurrency fell 48.1% quarter over quarter, and one could be forgiven for thinking the outlook was bleak.
But for evangelists,...
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