Pantera CEO Dan Morehead defends blockchain technology and unrelates the technology to FTX failure.
that while crypto detractors and skeptical regulators want are purporting the need for a different approach in blockchain trading, the solution is simple. He wrote:
“There are exchanges like Coinbase, Kraken, and Bitstamp that, when a client sends money to them, they just put it in a bank. The solution is pretty straightforward.” Apart from regulated exchanges, Morehead also believes that the decentralized finance space also worked well. Specifically, the Pantera CEO pointed toward decentralized exchanges like Uniswap, 0x, 1inch, Balancer and Dodo.
According to Morehead, business in the blockchain space is moving back to safe entities like such. The executive argued that FTX had nothing to do with blockchain's promise, highlighting that"blockchain didn't fail."
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
More crypto exchanges likely to 'blow up' like FTX, Wave Financial CEO saysWave Financial’s David Siemer is waiting on more top 10 exchanges to fail and looking to secure acquisition deals for near zero.
Read more »
Ex-FTX CEO Sam Bankman-Fried agrees to be extradited to U.S., sources saySam Bankman-Fried, the former CEO of FTX, has agreed to be extradited from the Bahamas to the U.S. to face charges related to the failed crypto exchange's collapse.
Read more »
Sam Bankman-Fried's Bahamas Court Appearance Adds to Confusion.SBF_FTX was reportedly going to waive an extradition challenge this morning, but someone apparently forgot to tell his attorneys. A curious hearing in the Bahamas. SteveAlpher reports
Read more »
Inside the Indianapolis library board's CEO decision, which left them without a CEO'They are steeped in politics in a way that they should not be,' a former library board member said. 'It’s a public library, for God’s sake.” Read more:
Read more »
Inside the Indianapolis library board's CEO decision, which left them without a CEOInterviews with current and former staff, CEO search committee members and former board members revealed a library board that some say is dysfunctional and steeped in racial and gender bias.
Read more »
STOCK MARKET NEWS: Futures rise, FTX fallout, tax policy changesFedEx shares gain, FTX founder's extradition hearing. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Read more »