Institutional Players Entering the Blockchain Market, What Does it Mean for Mass Adoption? 1

Institutional Players Entering the Blockchain Market, What Does it Mean for Mass Adoption?

Blockchain
Digitex Futures
• Trekk
May 20, 2019

New York Blockchain Week 2019 has come and gone for the Big Apple. For most of the newer attendees consisting of government folks, corporate types, and the regular crypto newcomer, it was all about Consensus. And this year compared to last, there was almost a tangible difference. It was no longer about speculation, but real use cases and large institutional players entering the market. So, what does that mean for mass adoption?

The Price of Bitcoin Went Wild

Aside from all the hustle and bustle, events, and networking, Bitcoin making it to $8,000+ during the week put smiles on the faces of many traders. Finally, the markets got a break from the crypto winter and all types of industry players were there. From content creators like Kenn Bosak to noted traders like Tone Vas, and even lawyers flying in from the west coast and as far a Singapore.  
Based on announcements made during the past week, there’s no denying mass adoption wasn’t just a catchphrase used back in 2016. This year, we saw both corporate and government come out–and the price of Bitcoin react accordingly. In fact, we’re now officially in a new crypto bull market.
Blockchain and off-chain companies made some pretty massive announcements from eBay to Whole Foods. One of the majors was Microsoft building on the Bitcoin blockchain. There’s no question, the crossover is happening.

Institutional Players Are Entering the Space

For any conference, no matter the industry, one thing holds true. Paying attention to the main stage is what you do when you want to hear the press release announcements. But when you want to listen to what’s really going on, that’s where the “hall-cons” come in. Well, that’s if you couldn’t make it into a private meeting room.
For Consensus, the Hilton’s lobby was where it was at. That’s where the buzz was happening. Lawyers were flying in from all over looking for corporate clients. IBM had a booth for the same reason. It’s about the brand association, and they realized they had to be there to engage with other established companies in the space.
Microsoft announced it’s building Digital Identification (DID) on the Bitcoin blockchain was huge. A well-established industry player embracing an anti-establishment technology is likely to be one of many catalysts to mass adoption of Bitcoin and cryptocurrencies. MS has the power to take the technology to its huge corporate user base and, eventually, to end users.
Bitcoin, blockchain, Ethereum, crypto… these will no longer be just words that people feel like they’ve heard, but actual technologies they use in their daily lives. We’re starting to cross the chasm and more people in the space can only be a good thing for every project in it including Digitex. More users, more traders, and even more liquidity upon launch.

Even Legislation Is Shaping Up

Warren Davidson US Rep (R) Ohio sat on stage telling the audience about a bill called the Token Taxonomy Act. As he stated, it’s intended to give “legislative certainty, light touch that keeps the capital formation happening…”. Whether the bill passes and becomes law in its original version or not is a totally different story though.
SEC Commissioner Hester Peirce, otherwise known as “Crypto Mom” had no news about Bitcoin Exchange Trading Funds (ETFs). But she was present and gave interviews. These are clear signs that the U.S. government’s position is changing, and mass adoption is coming. The gate guards are attending events they would have stayed clear of two years ago.

Another Sign of the Coming Change

Polymath held a one-day event right next door to Consensus. The most exciting thing to note as a sign that the blockchain market is turning around is the company that organized the event. It was a Canadian-based company called Untraceable. Tracy Leparulo’s brainchild was launched during the crypto winter of 2018.
If you’re not seeing the dots connect, here they are: Leparulo looked to start a company that deals explicitly with blockchain and crypto related events. During that time, the overall sentiment was low for the space.
Companies like ConsenSys were downsizing, while others were just closing their doors. This is a real-world example of secondary-layer business development. Companies like Untraceable provide services to companies that work directly with blockchains and cryptocurrencies. The ecosystem is growing.

Questioning the Hype

With all the corporate faces walking around Consensus, one could think there was no question of the establishment coming into the space. But there were still many who remained suspicious of the institutional-level money now coming in. They were asking the more critical questions about smart contracts and what they really mean in the context of the law.
The Bitcoin Center’s Satoshi Square had its own event hosted by Crypto Finally with special guest, former Congressman Ron Paul. The audience was ecstatic. Paul was one of the first politicians to be a supporter of Bitcoin and what it could do for everyday people and society as a whole. Having been in the political arena for so long, he made sure to bring up his concerns about allowing traditional financial institutions to come in.  

Wrapping it Up

New York Blockchain Week 2019 wasn’t about schilling your idea of a product or token. In fact, depending on what event you attended, it was clearly stated no schilling allowed. It marked a lot of maturity in the space. There were plenty of positive announcements made at the various functions, as well.
More importantly, the writing is on the wall. The government, traditional tech, and financial institutions are all making their moves to get in.
Is mass adoption guaranteed by 2020? Probably not. But this past week in New York marks a noticeable change in the mainstream, corporate, and private sectors’ perception of blockchain and cryptocurrencies. And that, in itself, is huge.

May 20, 2019
Blockchain
Digitex Futures

Institutional Players Entering the Blockchain Market, What Does it Mean for Mass Adoption?

Trekk
Institutional Players Entering the Blockchain Market, What Does it Mean for Mass Adoption? 2

New York Blockchain Week 2019 has come and gone for the Big Apple. For most of the newer attendees consisting of government folks, corporate types, and the regular crypto newcomer, it was all about Consensus. And this year compared to last, there was almost a tangible difference. It was no longer about speculation, but real use cases and large institutional players entering the market. So, what does that mean for mass adoption?

The Price of Bitcoin Went Wild

Aside from all the hustle and bustle, events, and networking, Bitcoin making it to $8,000+ during the week put smiles on the faces of many traders. Finally, the markets got a break from the crypto winter and all types of industry players were there. From content creators like Kenn Bosak to noted traders like Tone Vas, and even lawyers flying in from the west coast and as far a Singapore.  
Based on announcements made during the past week, there’s no denying mass adoption wasn’t just a catchphrase used back in 2016. This year, we saw both corporate and government come out–and the price of Bitcoin react accordingly. In fact, we’re now officially in a new crypto bull market.
Blockchain and off-chain companies made some pretty massive announcements from eBay to Whole Foods. One of the majors was Microsoft building on the Bitcoin blockchain. There’s no question, the crossover is happening.

Institutional Players Are Entering the Space

For any conference, no matter the industry, one thing holds true. Paying attention to the main stage is what you do when you want to hear the press release announcements. But when you want to listen to what’s really going on, that’s where the “hall-cons” come in. Well, that’s if you couldn’t make it into a private meeting room.
For Consensus, the Hilton’s lobby was where it was at. That’s where the buzz was happening. Lawyers were flying in from all over looking for corporate clients. IBM had a booth for the same reason. It’s about the brand association, and they realized they had to be there to engage with other established companies in the space.
Microsoft announced it’s building Digital Identification (DID) on the Bitcoin blockchain was huge. A well-established industry player embracing an anti-establishment technology is likely to be one of many catalysts to mass adoption of Bitcoin and cryptocurrencies. MS has the power to take the technology to its huge corporate user base and, eventually, to end users.
Bitcoin, blockchain, Ethereum, crypto… these will no longer be just words that people feel like they’ve heard, but actual technologies they use in their daily lives. We’re starting to cross the chasm and more people in the space can only be a good thing for every project in it including Digitex. More users, more traders, and even more liquidity upon launch.

Even Legislation Is Shaping Up

Warren Davidson US Rep (R) Ohio sat on stage telling the audience about a bill called the Token Taxonomy Act. As he stated, it’s intended to give “legislative certainty, light touch that keeps the capital formation happening…”. Whether the bill passes and becomes law in its original version or not is a totally different story though.
SEC Commissioner Hester Peirce, otherwise known as “Crypto Mom” had no news about Bitcoin Exchange Trading Funds (ETFs). But she was present and gave interviews. These are clear signs that the U.S. government’s position is changing, and mass adoption is coming. The gate guards are attending events they would have stayed clear of two years ago.

Another Sign of the Coming Change

Polymath held a one-day event right next door to Consensus. The most exciting thing to note as a sign that the blockchain market is turning around is the company that organized the event. It was a Canadian-based company called Untraceable. Tracy Leparulo’s brainchild was launched during the crypto winter of 2018.
If you’re not seeing the dots connect, here they are: Leparulo looked to start a company that deals explicitly with blockchain and crypto related events. During that time, the overall sentiment was low for the space.
Companies like ConsenSys were downsizing, while others were just closing their doors. This is a real-world example of secondary-layer business development. Companies like Untraceable provide services to companies that work directly with blockchains and cryptocurrencies. The ecosystem is growing.

Questioning the Hype

With all the corporate faces walking around Consensus, one could think there was no question of the establishment coming into the space. But there were still many who remained suspicious of the institutional-level money now coming in. They were asking the more critical questions about smart contracts and what they really mean in the context of the law.
The Bitcoin Center’s Satoshi Square had its own event hosted by Crypto Finally with special guest, former Congressman Ron Paul. The audience was ecstatic. Paul was one of the first politicians to be a supporter of Bitcoin and what it could do for everyday people and society as a whole. Having been in the political arena for so long, he made sure to bring up his concerns about allowing traditional financial institutions to come in.  

Wrapping it Up

New York Blockchain Week 2019 wasn’t about schilling your idea of a product or token. In fact, depending on what event you attended, it was clearly stated no schilling allowed. It marked a lot of maturity in the space. There were plenty of positive announcements made at the various functions, as well.
More importantly, the writing is on the wall. The government, traditional tech, and financial institutions are all making their moves to get in.
Is mass adoption guaranteed by 2020? Probably not. But this past week in New York marks a noticeable change in the mainstream, corporate, and private sectors’ perception of blockchain and cryptocurrencies. And that, in itself, is huge.

Latest News

Spotlight on the Women in Blockchain of New York 3

Spotlight on the Women in Blockchain of New York

Blockchain
Digitex Futures
• Christina Comben
May 16, 2019

The largest industry event of the year came to a close yesterday. And with massive announcements from huge businesses like Microsoft, Whole Foods, and eBay, it’s been jam-packed with surprises. The institutional support and capital now flowing into crypto are extremely bullish for the industry. The rising number of power females taking the stage and contributing is also cause for celebration. Here, we check out not only Lidia’s panel at the event but also some of the top women in blockchain right now.

The Women in Blockchain Gender Gap

We’d be lying if we didn’t recognize there’s still a dearth of women in blockchain. According to research by LongHash, even now, in 2019, women represent just 14.5 percent of all blockchain startup teams. When it comes to higher level positions, it gets even worse at just 7.1 percent.
women in blockchain
Go to any blockchain conference and you’ll immediately notice the lack of female presence. However, just like the hash rate, improving infrastructure, and slow push to mass adoption, gradually, more women are appearing in the space. And more efforts are being made to encourage them to.
At this year’s Consensus, for example, together with Womin.io, they hosted a Womin’s Lounge. While the lounge was open to men as well, it provided a safe and productive space for women in the industry to discuss their journies, debate their ideas, and simply connect in a more relaxing environment.

Lidia’s Panel on Cryptomania and How it Affects Price

Moderated by CNBC contributor Era Qian, Lidia was discussing the issue of “cryptomania” and how it affects the price with her co-panelist Lindsay Joo of Galaxy Digital. Coming from different backgrounds in the space, both Lidia and Era naturally had slightly different views on the subject.
Lidia took the position that cryptomania is also how and when we turn all the applications in the space to the mainstream. Her co-panelist believes that the mania was mostly found during the intense wave of ICO marketing and unsustainable projects with no back-up plan.

“This was mania, complete craziness,” she said. “For me, it’s doing things that are completely crazy and have no real strategy or plan.”

Lidia agreed that there were a lot of projects that had ridiculous concepts, however, the sheer volume of ICOs in 2017 and 2018 raised over $1.5 billion. “That’s also related to the mania,” she said, “That massive amount of people getting into this in a very short space of time.”

However, she countered that despite the calming of the fundraising mania, there are still so many ways for projects to evolve with STOs, IEOs, and large companies coming in and launching their own applications. “This will be massive for adoption,” she said, “Beyond the mania, we’re stepping into the second wave which is really going mainstream.”

Other Women at the Top of Their Games

This year’s Consensus lineup included some of the coolest women in the space such as Amber Baldet. As the former blockchain lead at JPMorgan, she’s now the founder and CEO of Clovyr, a startup dedicated to creating tools to foster privacy on the blockchain. She also sits on the Zcash Foundation board.


Last year, Baldet was named one of the most influential women in blockchain by Coindesk and we’re happy to see her starting out with her own venture.
Another company that’s been making (another) splash lately is Dapper Labs, the markers of the new Ethereum smart wallet Dapper, and creators of the infamous CryptoKitties. Head of Product at Dapper Labs, Kim Cope gave a talk on stage at the event.
Cope is one of the founding members of the collectible crypto kittens that bottlenecked the Eithereum blockchain at the end of 2017. Not only does she lead a team of engineers, designers, marketers, and project managers, but one of the company’s goals is to bring the first billion people to the blockchain through simplifying the user experience and make it less intimidating.
Zilliqa’s VP of Business Development was also there along with Colleen Sullivan, the CEO of CMT Digital Holdings, and Coinbase’s Emilie Choi who oversees all business ventures (including 10 acquisitions and 50 venture investments) at the world’s most user-friendly (but expensive) exchange.

The Takeaway

New York Blockchain week is still hosting events, but the main takeaways from Consensus are that we’re much closer to mainstream adoption that we thought. This time around, as cryptocurrency prices rise, and the “mania” begins, we have actual institutional backing, big business adoption, and better infrastructure, as well as more women at the top.

May 16, 2019
Blockchain
Digitex Futures

Spotlight on the Women in Blockchain of New York

Christina Comben
Spotlight on the Women in Blockchain of New York 4

The largest industry event of the year came to a close yesterday. And with massive announcements from huge businesses like Microsoft, Whole Foods, and eBay, it’s been jam-packed with surprises. The institutional support and capital now flowing into crypto are extremely bullish for the industry. The rising number of power females taking the stage and contributing is also cause for celebration. Here, we check out not only Lidia’s panel at the event but also some of the top women in blockchain right now.

The Women in Blockchain Gender Gap

We’d be lying if we didn’t recognize there’s still a dearth of women in blockchain. According to research by LongHash, even now, in 2019, women represent just 14.5 percent of all blockchain startup teams. When it comes to higher level positions, it gets even worse at just 7.1 percent.
women in blockchain
Go to any blockchain conference and you’ll immediately notice the lack of female presence. However, just like the hash rate, improving infrastructure, and slow push to mass adoption, gradually, more women are appearing in the space. And more efforts are being made to encourage them to.
At this year’s Consensus, for example, together with Womin.io, they hosted a Womin’s Lounge. While the lounge was open to men as well, it provided a safe and productive space for women in the industry to discuss their journies, debate their ideas, and simply connect in a more relaxing environment.

Lidia’s Panel on Cryptomania and How it Affects Price

Moderated by CNBC contributor Era Qian, Lidia was discussing the issue of “cryptomania” and how it affects the price with her co-panelist Lindsay Joo of Galaxy Digital. Coming from different backgrounds in the space, both Lidia and Era naturally had slightly different views on the subject.
Lidia took the position that cryptomania is also how and when we turn all the applications in the space to the mainstream. Her co-panelist believes that the mania was mostly found during the intense wave of ICO marketing and unsustainable projects with no back-up plan.

“This was mania, complete craziness,” she said. “For me, it’s doing things that are completely crazy and have no real strategy or plan.”

Lidia agreed that there were a lot of projects that had ridiculous concepts, however, the sheer volume of ICOs in 2017 and 2018 raised over $1.5 billion. “That’s also related to the mania,” she said, “That massive amount of people getting into this in a very short space of time.”

However, she countered that despite the calming of the fundraising mania, there are still so many ways for projects to evolve with STOs, IEOs, and large companies coming in and launching their own applications. “This will be massive for adoption,” she said, “Beyond the mania, we’re stepping into the second wave which is really going mainstream.”

Other Women at the Top of Their Games

This year’s Consensus lineup included some of the coolest women in the space such as Amber Baldet. As the former blockchain lead at JPMorgan, she’s now the founder and CEO of Clovyr, a startup dedicated to creating tools to foster privacy on the blockchain. She also sits on the Zcash Foundation board.


Last year, Baldet was named one of the most influential women in blockchain by Coindesk and we’re happy to see her starting out with her own venture.
Another company that’s been making (another) splash lately is Dapper Labs, the markers of the new Ethereum smart wallet Dapper, and creators of the infamous CryptoKitties. Head of Product at Dapper Labs, Kim Cope gave a talk on stage at the event.
Cope is one of the founding members of the collectible crypto kittens that bottlenecked the Eithereum blockchain at the end of 2017. Not only does she lead a team of engineers, designers, marketers, and project managers, but one of the company’s goals is to bring the first billion people to the blockchain through simplifying the user experience and make it less intimidating.
Zilliqa’s VP of Business Development was also there along with Colleen Sullivan, the CEO of CMT Digital Holdings, and Coinbase’s Emilie Choi who oversees all business ventures (including 10 acquisitions and 50 venture investments) at the world’s most user-friendly (but expensive) exchange.

The Takeaway

New York Blockchain week is still hosting events, but the main takeaways from Consensus are that we’re much closer to mainstream adoption that we thought. This time around, as cryptocurrency prices rise, and the “mania” begins, we have actual institutional backing, big business adoption, and better infrastructure, as well as more women at the top.

Latest News

Latest News