Consensus 2022 major events and guest views summary

Consensus 2022, an industry event hosted by Coindesk, is being held in Austin, Texas from June 9th to 12th local time in the United States. For the agenda of the 2022 Consensus conference, see Golden Finance’s previous report “An article to understand the agenda of the 2022 Consensus conference”.

In order to facilitate readers to keep abreast of Consensus 2022, Golden Finance summarizes major events during the conference and the wonderful views of relevant guests, and updates them in real time.

June 10 local time (June 10-11, 2022 Beijing time)


Huobi Global hosts Huobi Web3 Rooftop Bash

Circle acquires digital asset infrastructure platform Cybavo

Circle signed a definitive agreement to acquire Cybavo, a digital asset infrastructure platform focused on custody and blockchain application development, for an undisclosed price. The acquisition will allow Circle to invest in Cybavo’s research and development and support its products and services. Founded in 2018, Cybavo completed a $4 million seed round in August last year, led by 500Startups. Circle signed a $400 million financing deal in April with BlackRock, Fidelity Management & Research, Marshall Wace and FinCapital.

Guest point of view

June 9 local time (June 9-10, 2022 Beijing time)


Solana X Jump party

Hardware wallet maker Ballet raises $13 million in Series A funding

Crypto hardware wallet maker Ballet announced it has raised $13 million in a Series A round led by Lightspeed China Partners and Draper Dragon, with participation from Ribbit Capital, ACTAI Ventures, Digital Currency Group and Sky9 Capital.

Bermuda Announces First Licensed Digital Asset Business Trade AssociationNext

At the Consensus2022 conference, Bermuda Prime Minister David Burt stated that cryptocurrency companies are not looking for regulatory changes because we have clear regulation, and more importantly how they support growth, support development, support education programs” to improve the environment. In addition, David Burt Announced that Bermuda-licensed crypto firms have joined forces to form Next, the jurisdiction’s first digital asset industry association. Next is currently comprised of 14 digital asset firms licensed by the Bermuda Monetary Authority (BMA), including Apex Group, Bittrex, BlockFi, Circle and the newly licensed Jewel.

Filecoin Sponsored Launch of Consensus2022 NFT Gallery


Guest point of view

Circle policy chief: CBDC is a ‘ridiculous idea’

At the Consensus2022 conference, Dante Disparte, head of policy at stablecoin issuer Circle Internet Financial, said that a CBDC is a “ridiculous idea,” similar to the idea of ​​the Federal Aviation Administration going to make jet engines and planes. Instead of doing it as an academic abstraction, we are doing the real thing. But Rohan Grey, a Willamette University law professor and a sharp critic of the cryptocurrency industry, countered: Circle is a private company exempt from liability, and if it fails, taxpayers will have to pay for his losses.

Fidelity CEO: Faith in Crypto’s Long-Term Fundamentals Remains Strong

At Consensus 2022, Abigail Johnson, chairman and CEO of Fidelity Investments, said that belief in the long-term fundamentals of cryptocurrencies remains strong. This is my third crypto winter. There’s a lot of ups and downs, but I think it’s an opportunity, Johnson said when it comes to the bear market, I was raised as a contrarian, so there’s this knee-jerk reaction. If you believe a long-term fundamental is really strong, when everyone else is falling and exiting, that’s the time to double down.

US CFTC Chair: Guardrails Need to Be Set Up for Crypto Markets

At the Consensus 2022 conference, the chairman of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, said that a crypto movement is brewing in Washington, D.C., and he was very encouraged by the actions Congress is taking to grant the CFTC broader digital asset regulatory authority. “I think it’s just a positive momentum for the technology, the industry and the economy, and there’s a unique coalition on this issue, which is very rare in Washington,” Behnam said. The recent collapse of TerraUSD (UST) underscores the need for regulation and the need for guardrails for the crypto market.

Grayscale, Bitwise: Believe Spot Bitcoin ETF Will Be Approved Soon

At Consensus 2022, investment firms Grayscale and Bitwise were optimistic that a spot bitcoin ETF will eventually be approved by the SEC soon. Matt Hougan, chief investment officer at Bitwise, said the SEC has approved a limited range market, a bitcoin futures ETF based on the Investment Act of 1940, and then recently approved two bitcoin futures ETFs based on the Investment Act of 1933, Spot Bitcoin Currency futures ETFs are also proposed under this Act. This is a progression that ends with a spot Bitcoin ETF, so they are indeed advancing, just not at the speed the crypto community needs. David LaValle, global head of ETFs at Grayscale, agreed, saying that not so long ago it was a question of passing, and now it’s clearly a question of when. LaValle further noted that if the SEC denies Grayscale’s application by July 6, the company will be “very focused on addressing all options.”

Dragonfly Capital managing partner: The most successful crypto projects have historically been built in bear markets

At Consensus2022, Dragonfly Capital managing partner Haseeb Qureshi said that cryptocurrencies have five unsolved problems, namely identity, scalability, privacy, interoperability and user experience. Nearly all long-term successful crypto projects address one of these long-standing problems, said Qureshi, who defines “success” here not as a financial victory but as a blockchain project that is looking for real use. Furthermore, Qureshi said that almost all successful crypto projects today were built in bear markets.

Continuing to update…

Posted by:CoinYuppie,Reprinted with attribution to:
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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