THELOGICALINDIAN - The Korea Blockchain Week 2024 has afresh assured and it admiring big names in the crypto industry In appearance at the weeklong accident were Vitalik Buterin Mike Novogratz Nick Szabo Adam Back Tom Lee and abounding others anniversary alms their insights into the industry and the approaching of Bitcoin and altcoins
Blockchain Week a Big Hit
The premiere event ran from September 27 to October 4 in Seoul while the appointment dubbed D.FINE with the big names occurred on the 30th to the 1st. With over 4,000 attendees and 50 speakers the accident showcased South Korea as a growing blockchain and crypto hub.
One of the best advancing speakers at the appointment was Ethereum co-founder Vitalik Buterin who took the date to explain assorted blockchain applications and systems. In his presentation, Buterin talked about the charge for grants for open-source Ethereum projects in accession to accomplishing into detail on the DAO. However there was no big announcements on Ethereum itself which larboard the absolute achievement somewhat underwhelming.
There was a presentation from Korean adaptable acquittal account CHAI and abundant allocution of its stablecoin, Terra, which aims to become the accepted crypto payments adjustment in the country. Several big announcements were fabricated including crypto debit cards, offline payments, partnerships and amplification of the app and bill beyond South Korea.
Novogratz on Altcoins
The best absorbing accent for best traders and crypto bag holders was the assessment of industry able and billionaire, Mike Novogratz. The Galaxy Digital Holdings CEO aired his angle on crypto markets in accepted and bitcoin’s performance.
He declared that markets abstract the short-term aftereffect Bakkt would accept which partly explains the abatement aback the artefact barrage aftermost month. With commendations to BTC price, Novogratz did not apprehend it to breach beneath $8,800 alike admitting it dropped $1,000 below that since. Amount is about aback to that akin at the time of autograph however, with a acknowledgment to $8,700 a few hours ago.
His comments on altcoins were absorbing and appealing abundant appropriate on the mark, abacus that not all of them will survive. He declared that there was a lot of ‘junk’ out there that aloft basic but had little sustainability with promises that were not delivered, afore adding;
“In adjustment to accumulate a abstract bazaar alive, you charge ammunition in the anatomy of account and updates from time to time. We charge attending at these tokens as adventure bets.”
Those that accept not connected development are acceptable to die off while the fittest will survive. Looking at today’s markets, Ethereum is one of the top performers yet afresh as it starts to recover.
Which altcoins will die off first? Add your thoughts below.
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