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A Bullish Job Market In The US May Inspire More Crypto Adoption, NFT Expert Says

A Bullish Job Market In The US May Inspire More Crypto Adoption, NFT Expert Says

Anndy Lian, the author of “NFT: From Zero to Hero,” considers last week’s jobs data report — which showed a remarkable increase in non-farm payrolls and a marginal uptick in the unemployment rate — to be a potential catalyst for cryptocurrency adoption.

“Positive job data may influence governments to adopt a more favorable stance towards cryptocurrencies,” Lian told Benzinga.

The crypto industry presents an irresistible opportunity for economic development and innovation, he added.

See Also: U.S. CFTC Asks For Public Input On Digital Asset Risk Management – ‘The Commission Needs To Revisit Our Regulatory Oversight’

Lian also lauded Hong Kong for its proactive approach to fostering the growth of the web3, blockchain, and crypto industry.

StandardDAO‘s Aaron Rafferty, however, says the positive jobs report does not necessarily signify a considerable shift in the economic crisis currently impacting global markets.

Investment in blockchain companies has declined significantly as capital firms shift focus to artificial intelligence (AI) technologies.

“Given that crypto assets and the blockchain sector, in general, has been trending sideways over the past year, there is nothing in this report that would indicate a significant change to that trajectory,” Rafferty said.

Liberty Blockchain COO Christopher Alexander explained that while Bitcoin (CRYPTO: BTC) follows the trends of traditional markets, which have responded positively to the jobs report, ongoing fears of a looming recession could deter many large investors, curtail liquidity and hamper growth.

Raj Kapoor, the founder of the Blockchain Governance Council, drew attention to the ongoing regulatory debates surrounding cryptocurrency as a substantial obstacle to crypto startups’ ability to capitalize on positive economic signals.

Kapoor blamed the Federal Reserve’s aggressive monetary policy, which aims to rein in inflation by raising interest rates, as an additional near-term issue for crypto given the existing macroeconomic environment.

 

Source: https://uk.investing.com/news/cryptocurrency-news/a-bullish-job-market-in-the-us-may-inspire-more-crypto-adoption-nft-expert-says-3042452

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
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Binance CEO Says Exchange ‘Pulled Back’ Bids on Bankrupt US Firms

Binance CEO Says Exchange ‘Pulled Back’ Bids on Bankrupt US Firms

Major crypto exchange Binance is holding off on any plans to invest in embattled crypto firms in the United States.

In a Feb. 18 tweet, Binance CEO Changpeng Zhao disclosed that the crypto exchange has pulled back on potentially investing in some bankrupt U.S.-based companies, opting to “seek permission first.”

Zhao also responded to blockchain investor Anndy Lian’s advice to “stay clear” of these firms, saying he agreed with the notion.

Binance’s U.S.-based subsidiary Binance US was in talks to acquire bankrupt crypto lender Voyager Digital’s crypto assets. In January, CoinDesk reported that bankruptcy judge Michael Wiles approved initial disclosure statements of the proposed plan.

The approval came after the U.S. Securities and Exchange Commission filed a limited objection to Binance US’s $1.022 billion offer for Voyager’s assets, questioning how the exchange could afford a purchase of this magnitude.

Binance was also allegedly one of the bidders for bankrupt crypto lender Celsius Network’s assets, according to documents leaked by Celsius creditor Tiffany Fong last month. Investment firm NovaWulf was ultimately selected to acquire Celsius’ assets by the firm’s debtors, as per a report last week.

Regulators have turned up the heat on entities like Binance in recent weeks. The crypto exchange’s dollar-pegged stablecoin, issued by Paxos, became the subject of scrutiny after the New York Department of Financial Services ordered the firm to stop minting BUSD. The Wall Street Journal reported that the SEC also hit Paxos with a lawsuit over its BUSD offering.

In light of recent events, many believe that Binance could be turning its attention away from its U.S. business partners entirely. A Feb. 18 report from Bloomberg, citing sources familiar with the matter, stated that the crypto exchange planned to end relationships with U.S.-based intermediaries, and delist all US-based cryptocurrencies. Zhao labelled these claims as “false” in a tweet shortly after, saying “blockchain has no borders.”

 

Source: https://unchainedpodcast.com/binance-ceo-says-exchange-pulled-back-bids-on-bankrupt-us-firms/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Look to the Long Term To Prosper in the Crypto Sector, Says BigONE Exchange’s Anndy Lian

Look to the Long Term To Prosper in the Crypto Sector, Says BigONE Exchange’s Anndy Lian

Speaking on the panel ‘Why are crypto exchanges still flourishing?’ at Crypto Expo Dubai on March 16, 2022, the Chairman of BigONE Exchange Anndy Lian and council member to Kishu Inu said he firmly believed in the sector’s long term prospects.

“All the good actors we have to understand why we’re here; is it because there is a chance to earn more money, a chance to earn a few million dollars on exit? That’s not true, people at Binance or FTX are all looking at the long term investment in infrastructure, including investing in licenses, and most importantly investing in people, not just their own staff but also their community,” said Lian. “Is it better for an exchange to be located in Seychelles versus Singapore or South Korea? It becomes a choice where you want to be regulated, where your community is,” he added.

Clearly, the crypto exchange industry is at a crossroads, with the sanctions against Russia together with incoming crypto regulation led by the US likely to lead to a significant change in how exchanges operate.

Until now exchanges outside the US which have largely ignored regulation have been at an advantage, allowing them to win as they benefited from lower overheads and restrictions. But as financial regulation starts to bite, this liberal regime that allowed global players like Binance to thrive is no longer the case. It was reported in December 2021 that Binance, the world’s largest cryptocurrency exchange with a daily turnover of US$76 billion, withdrew its application to start a cryptocurrency exchange in Singapore.

In the US the SEC amended rules published in January which expand its oversight to securities traded outside its supervision means that decentralized exchanges such as Uniswap, which traded more than $70bn in volume in January, could also be affected. US President Biden’s new executive order, directing agencies to work out a comprehensive approach to cryptocurrencies bodes well for the sector, but regulatory implementation will be key.

“In conclusion, I think there’s still a lot of good money out there to be made. It’s not just about Binance or FTX, if you in your jurisdiction do well, and create your own community and be truthful in your operations, whether a meme coin or layer 2, then there is sufficient money in the market, there are sufficient exchanges to be listed on for you to prosper; but overall, it’s going to be a long term process,” Lian remarked.

At this panel discussion, we are joined by Osama Bari (CTO, Difx), Peter Sumer (CEO, Bitmarkets), Mohammad Khalifa (CEO, Garantex), Shantnoo Saxsena (COO, Lbank) and Anndy Lian (Chairman, Bigone & Council Member, Kishu Inu Foundation) and moderated by Uptin Saiidi. Crypto Expo Dubai is the premier event for cryptocurrency investors, project developers and industry leaders to network, share innovation and create business relationships in the world’s fastest-growing financial country.

About BigONE Exchange

BigONE is a global cryptocurrency exchange that provides a platform for trading various cryptocurrencies. It was founded in 2017 and registered in the Netherlands. The group operates in Russia, Brazil, Vietnam, Seychelles, Singapore, Japan, and Indonesia, providing marketing, investment, and blockchain technology research & development.

About Crypto Expo Dubai 2022

Crypto Expo Dubai is the premier event for cryptocurrency investors, project developers and industry leaders to network, share innovation and create business relationships in the world’s fastest-growing financial country.

 

Original Source: https://www.digitaljournal.com/pr/look-to-the-long-term-to-prosper-in-the-crypto-sector-says-bigone-exchanges-anndy-lian

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j