It's back to basics in cryptoland, but the party is far from over

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Rockstars, Cabana parties and a DeLorean are par for the course at this year’s edition of the crypto conference. Read more

“There’s a lot of over-exuberance and optimism and hyper-financialization — and it’s nice to kind of clear a lot of that out and be able to focus again on, really, what we’re here to build and we’re trying to address: fundamental issues in the monetary and financial system,” Buchman said in an interview, before taking the stage at the Blockchain Futurist Conference in Toronto this week.

There were also big questions hanging over the event. After a soaring run propelled by the pandemic, the crypto sector has been in retreat. Bitcoin remains down more than 60 per cent from its all-time high peak of over US$65,000 in 2021, a decline that has sparked fears of a new “crypto winter” — the preferred term for a sustained downturn in the space.

Tanim Rasul, chief operating officer at Canadian crypto exchange NDAX, also saw the downturn as an opportunity.

 

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