Smart Money Goes Short As Macros Cast Gloom On Crypto

Digital assets are a relatively new asset class that made smart money investors fall in love with high gains during the 2021 bull market. Traditional finance institutions like venture capital firms then poured billions onto the crypto market, boosting development of certain protocols and projects.

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Most icos hold Centralized Control, Break Whitepaper Guarantees, Scholarly Report Appears

Initial Coin Offerings (ICO) “failed” to provide protection against insider trading or stick to their whitepaper promises, a new report from the University of Pennsylvania Law School released July 17 reveals.

The European Parliament has told lawmakers not to “ban” or “ignore” cryptocurrencies in a new report released this week, forecasting they “will remains with us for a while.”

Its publication diversifies the broad EU standpoint on the technology, which continues to include legal projects to monitor residents’ usage and clamp down on anonymity. However, they remain unlikely to challenge the dominant position of sovereign currencies and central banks, especially those in major currency areas. In addition to staking its belief in their longevity,