Tag: asia

  • Apple’s Crash Detection sent 71 notifications to one 911 center last weekend

    Apple’s Crash Detection sent 71 notifications to one 911 center last weekend

    Last September, a new feature was introduced for these devices while unveiling the iPhone 14 series, the Apple Watch Series 8, the Apple Watch Ultra, and the Apple Watch SE (2022). Any of these products will detect when you have been in a severe car, SUV, or pickup truck crash. Unless you shut down the process with a tap, after 10 seconds the phone will contact your emergency contacts and give them your current location.
    Two days after introducing the feature, Apple turned Crash Detection into an ad for the new iPhone 14 line that shows an iPhone flying through the air amid a shower of broken glass. “It looks like you’ve been in a crash,” says the screen. “iPhone will trigger Emergency SOS if you don’t respond.” Apple states that the Crash Detection feature is driven (no pun intended) by advanced Apple-designed motion algorithms trained with over a million hours of real-world driving and crash record data.”
    We should point out that a similar feature was made available to the Google Pixel line in 2019. Regardless, while this sounds like a useful, helpful, and potentially life-saving feature, technology can backfire every now and then. For example, at the Summit County 911 Center, dispatchers received an incredible 71 automated crash notifications this past weekend from skiers carrying an iPhone or wearing one of the three newest Apple Watch models.
    The notifications came in from the area’s four ski areas but none of the notifications received had to do with a real emergency. Skiers making quick stops and falling into the snow set off the Crash Detection feature even though there was not one true emergency in the bunch. And if Crash Detection wasn’t set off by a fall into the snow, the Apple Watch’s fall detection feature, which essentially has a similar process to run through when someone wearing the timepiece hits the ground, was responsible for unnecessary notifications.
    None of the 71 notifications could be disregarded. And if the device owner did not respond to a return call, a special operations deputy had to contact ski patrol to visit the location where the impact happened to make sure no one was seriously hurt. This was a time-consuming activity but had to be done.
    Trina Dummer, the interim director of the Summit County 911 Center, said, “We are not in the practice of disregarding calls,. These calls involve a tremendous amount of resources, from dispatchers to deputies to ski patrollers. And I don’t think we’ve ever had an actual emergency event.” All 71 notifications were set off by an impact…into the soft snow.
    And since calls are handled by the 911 Center based on the time the call is received, a bogus accident that sends out a notification from an Apple device could delay the arrival of medical help to a real emergency in the area. Dummer notes that “We are absolutely diverting essential resources away from people who need it toward a feature on a phone.” A comment worded like that sounds like someone is upset with Apple.
    Another 911 Center, this one in Pitkin County, receives 15 to 20 calls a day from Apple’s Crash Detection feature that come from the county’s four main ski areas. The 911 Center’s director, Brett Loeb, says every notification generates a return call although sometimes a skier’s phone is too deep inside a coat pocket for the user to hear it ringing. At that point, the ski patrol has to check out the area which delays things.
    Similar to what happened in Summit County, in Pitkin County not one notification from Apple’s Crash Detection was the result of a real emergency.
  • Vietnam consumes 50 tons of gold annually

    Vietnam consumes 50 tons of gold annually

    Vietnam consumes nearly 50 tons of gold jewelry each year, with 80% absorbed by HCMC, according to the Saigon Jewelry Association (SJA).

    The country imported more than 1,000 tons of gold in the 1991-2012 period.

    Businesses have not been allowed to import raw gold since May 2012, but consumption of the precious metal has still increased stealthily every year, said SJA.

    In recent years, the export turnovers of Vietnamese gold jewelry have stood at $20-30 million per year.

    The jewelry is mainly exported to Asian and European markets such as Germany, Denmark and France.According to the World Gold Council, Vietnam’s demand for gold bars, coins and jewelry ranks first in Southeast Asia.

    Vietnam gold companies churn out more than 11 million gold products weighing over 40 tons, thanks to an industry that employ over 38,000 jewelers, according to SJA.

    However, the ban on importing raw gold has caused difficulties for gold companies because there are differences between gold prices in international and local markets.

  • TikTok banned on government devices in Kansas

    TikTok banned on government devices in Kansas

    The saga of TikTok and its security issues has taken yet another turn. After news broke that TikTok admittedly spied on journalists a few days ago, US government officials have started to take serious measures against the popular app. First, TikTok was banned on US House of Representatives-issued devices, and now the app will disappear from government devices in the state of Kansas.

    Kansas Governor Laura Kelly has announced a ban on TikTok on state government devices due to national security and data mining concerns. Kelly stated that TikTok could make users’ data available to the Chinese Communist Party.

    15 other states have already banned the app, but Kansas is among the first Democratic states to implement such a ban. TikTok spokesperson Jamal Brown called the ban “politically motivated” and said it was based on “unfounded falsehoods.”

    TikTok is the second most popular domain on the internet right now, after Google. It has grown quickly and now has more users than Facebook, Instagram, Twitter, and Snapchat combined. Things might become even bleaker for TikTok users in the US if the proposed bipartisan bill helmed by Marco Rubio, a member of the Senate Intelligence Committee, passes.

    The legislation from both parties is called “Averting the National Threat of Internet Surveillance, Oppressive Censorship and Influence, and Algorithmic Learning by the Chinese Communist Party Act (ANTI-SOCIAL CCP Act)” and Rubio officially stated that “The federal government has yet to take a single meaningful action to protect American users from the threat of TikTok. This isn’t about creative videos; this is about an app collecting data on tens of millions of American children and adults every day.”

  • Land compensation for Alibaba victims unlikely

    Land compensation for Alibaba victims unlikely

    Victims of property firm Alibaba, which faces fraud accusations, are unlikely to get compensation in land since the projects it advertised were nonexistent, lawyers familiar with the case said.

    Obtaining cash compensation would be time-consuming due to a large number of victims, they said.

    The Ho Chi Minh City’s People’s Court has identified around VND1.6 trillion ($67.7 million) worth of assets related to allegedly fraudulent activities carried out by Alibaba leadership, namely the company of chairman Nguyen Thai Luyen and his wife Vo Thi Thanh Mai.

    The couple have been accused of fraud and money laundering in relation to 58 property projects in three southern localities. The VND1.6 trillion in question was allegedly obtained by selling illegal and/or non-existent land projects to 4,000 alleged victims.

    This VND1.6 trillion could be used to compensate the victims, said lawyer Truong Anh Tu, but he emphasized that the complex process of distributing the restitution to thousands of allegedly defrauded people – each with their own claims – would be complicated and extremely difficult to put into practice and complete.

    Tu said that some victims are demanding they be compensated with land, meaning they still want to receive land that they bought from Alibaba as part of what were advertised and sold as residential development projects.

    The problem is that Alibaba had no right to sell them the land in the first place. Even though the properties were sold as part of “residential development projects,” the land sold was actually zoned as agricultural land, a fact that can’t be overturned to compensate the alleged victims.

    In Vietnam, agricultural land is eligible only for agriculture. It can’t be sold as anything else and nothing non-agricultural may be built on it without undergoing a long process of rezoning via the process of applying for approval with the government.

    “The contracts that the victims signed are void because they bought into fake residential projects that were made up. They are not real,” Tu said.

    However, many of those who bought land from Alibaba say they still want to use it for the residential development projects that were advertised to them.

    But attorney Vo Dan Mach from Ta Pha Law Firm said the alleged victims can’t use the land they bought for residential development projects because the projects that Alibaba presented to them exist only on paper.

    He added that another major problem is also that because the majority of accusers are actually seeking cash compensation, the VND1.6 trillion in assets simply won’t be enough to compensate all 4,000 of them.

    “Figuring out a way to divide this figure for over 4,000 victims will be complicated,” he said.

    Alibaba was established in 2016 by Luyen, who also formed 22 subsidiaries to invest in 58 residential projects in the southern provinces of Dong Nai, Ba Ria – Vung Tau and Binh Thuan.

    Investigators have concluded that these projects were fake. On paper, each of the projects was attached to agricultural land ineligible for development. But Luyen and his staff advertised and sold them as residential development investments, all the while knowing that launching such developments on agricultural land would be impossible.

    Luyen ordered his employees to illegally collect nearly VND2.4 trillion from 4,560 customers, of which investigators were able to contact 4,065 who had invested a total of VND2.1 trillion.

    A ruling on the case is set to be announced Thursday.

  • Qualcomm uses innovation to break through limits

    Qualcomm uses innovation to break through limits

    Researching and developing technologies, doing things no one has thought of is the focus of Qualcomm’s innovation strategy, according to Dr. Tran My An, Vice President of Engineering.

  • Consumer price index up 3.15% in 2022

    Consumer price index up 3.15% in 2022

    Vietnam recorded year-on-year growth of 3.15% in the 2022 consumer price index (CPI) while core inflation increased 2.59%, the General Statistics Office (GSO) said on December 29.

    The Vietnamese economy has recovered in 2022. Surging production demand to serve consumption and export, added with soaring global commodity prices, has fueled prices of goods and essential services, but prices are basically still under control, GSO General Director Nguyen Thi Huong told a press briefing in Hanoi.

    Pointing out some contributors to the CPI growth, the GSO said domestic petrol and oil prices have been adjusted for 34 times, increasing 28.01% from a year earlier, while gas prices were up 11.49%.

    Rice prices have fluctuated in line with export prices and market demand to go up 1.22% from 2021. Foodstuff price also increased 1.62%. Besides, housing and construction material prices climbed up 3.11%.

    Meanwhile, there are also some factors curbing the CPI uptrend, including pork prices down 10.68% thanks to the African swine fever containment and guaranteed supply, house rent down 1.83% due to the Covid-19 pandemic in the first months of 2022, and prices of postal and telecommunications services down 0.37% as a result of lower mobile phone prices.

    This year’s core inflation increased 2.59% from 2021, lower than the CPI growth of 3.15%, showing that changes in consumer prices have been driven mainly by food, petrol, oil, and gas prices, according to the GSO.

    The office added domestic gold prices have seen mixed changes in line with the global market, rising 5.75% this year. Prices of the US dollar also hiked 2.09% from 2021.

    In December alone, CPI dropped slightly, by 0.01% month on month, but still grew 4.55% from December 2021. While two of the 11 categories of main consumer goods and services witnessed month-on-month price declines, nine experienced higher prices.

    The December core inflation inched up 0.33% from November and 4.99% from the same period last year.

    General Director Huong said to actively cope with surging inflationary pressure, the Government has ordered ministries, sectors, and localities to issue many timely policies and implement concerted measures to minimise adverse impacts on socio-economic development.

    Appropriate policies and drastic moves in governance have considerably helped ease pressure on prices and stabilise production and business activities and people’s life, she added.

  • Vietnam Airlines adds more flights for Tet

    Vietnam Airlines adds more flights for Tet

    Vietnam Airlines has announced it will increase the number of flights during Tet (Lunar New Year holidays) by a further 500 after informing increases in August and early December.

    The 500 flights will be between Jan. 6 and Feb. 5, 2023, and have over 90,000 seats. Most of them will be from HCMC and Hanoi to Vinh, Thanh Hoa, Dong Hoi, Chu Lai, and other places.

    Vietjet Air and Bamboo Airways have sold nearly all tickets on their Tet extra flights. Vietravel Airlines has increased the number of daily return flights between HCMC and Hanoi to three.

    Airlines will altogether operate nearly 33,700 flights with 6.7 million seats during Tet, which falls in late January, up 33% from the previous year.

    But with many people still unable to buy tickets to return home for the New Year, the Civil Aviation Authority of Vietnam and airlines are considering adding even more flights.

  • Apple stock plunges the most since the financial crisis on iPhone production woes

    Apple stock plunges the most since the financial crisis on iPhone production woes

    While production lead times of the iPhone 14 Pro models have started to normalize after the pandemic lockdown scare that prevented Foxconn from assembling enough units to meet demand not long ago, the iPhone 14 series production schedule and sales as a whole are not where investors would want them to be.

    As a result, Apple’s stock took another nosedive and is now down 12.4% just in the month of December alone. Not only that, but juggernauts like Apple and Tesla are now sharing the unenviable position of experiencing some of their worst stock plunges ever. For Tesla, that’s the biggest drop on record, while for Apple’s stock this year will mark the biggest plunge since the 2008 financial crisis and the subsequent freefall in stock indexes.

    Apple is on the verge of closing below $130 a share, erasing all gains accumulated since mid-2021, while for the whole 2022 its stock has dropped a whopping 27%. The Federal Reserve’s interest rate rise push has something to do with it, of course, as it sent investors scouring for safe havens and out of riskier bets like tech stocks, resulting in a nearly 34% drop of the Nasdaq this year.

    Still, last quarter Apple grabbed the jaw-dropping 42% of the global phone revenue and while the last quarter of the year may be negatively affected by the COVID surge in China after the country’s reopening, its revenue may very well hit record again, riding on the higher average selling price of its iPhone 14 series which is heavily skewed in favor of the more expensive iPhone 14 Pro and iPhone 14 Pro Max models.
  • Gold prices rise

    Gold prices rise

    SJC gold prices increased 0.15% from an 11-week low Tuesday to VND66.7 million ($2,779) per Tuesday Wednesday afternoon.

    Gold ring prices dropped 0.19% to VND53.85 million per tael. A tael equals 37.5 grams or 1.2 ounces.

    Global spot gold was down 0.3% at $1,807.80 per ounce as the U.S. dollar ticked, but prices moved in a tight range in subdued trading due to the lack of fresh triggers.

    Gold is seeing limited price action as trading activity is light ahead of the New Year holiday and there is no major economic data scheduled this week, said Hareesh V., head of commodity research at Geojit Financial Services.

    Gold has risen nearly $200 from a more-than-two-year low in late September as the dollar’s appeal was dented by expectations that the U.S. Federal Reserve would slow its pace of interest rate hikes.

  • WhatsApp will soon stop working on these iPhone and Samsung devices

    WhatsApp will soon stop working on these iPhone and Samsung devices

    WhatsApp periodically phases out older smartphones, so it’s no surprise that around 50 devices will no longer be able to run the messaging app this year. This is the second time in the last three months that WhatsApp is phasing out support for many Android and iOS devices.

    The last time happened in October when WhatsApp revealed it will no longer support iPhone SE, iPhone 6S, iPhone 6S Plus, and no less than 40 Android devices from Samsung, Huawei, LG, Sony, ZTE, HTC, Lenovo, and Alcatel.

    This time around WhatsApp confirmed it will no longer support nearly 50 phones, including the Apple iPhone 5 and iPhone 5c. The rest of the phones on the list are made by Samsung, Huawei, LG, Sony, Lenovo, and ZTE.

    These phones will no longer be supported because they haven’t been updated in a very long time. It looks like WhatsApp has upped the requirements for its app, so phones that don’t run at least Android 5.0 Lollipop or iOS 12.

    WhatsApp’s FAQ still mentions that it supports Android phones running OS 4.1 and newer. However, many (if not all) of the phones that will lose WhatsApp support at the end of the year are running Android 4.1 Jelly Bean, so we’re a bit on the fence regarding the accuracy of the information.

    The list includes mostly entry-level and mid-range smartphones. If you’re using one of these devices, you’ll probably want to upgrade to a newer phone to continue to use WhatsApp and receive new updates.

  • Hanoi’s first metro line gets $38M capital hike

    Hanoi’s first metro line gets $38M capital hike

    The Cat Linh – Ha Dong Metro Line in Hanoi has received an additional VND911 billion ($38.6 million) capital increase.

    The money will come from state coffers, with 24.4% of it from domestic funds and the rest foreign funds, according to a decision signed by Deputy Prime Minister Le Minh Khai.

    The Ministry of Planning and Investment and the Ministry of Finance are responsible for reporting the disbursement of this capital to the Prime Minister’s Office.

    The 13-kilometer Cat Linh – Ha Dong Metro Line earlier saw its cost increase from VND8.77 trillion in 2008 to VND18 trillion in 2017.

    It is one of five metro lines nationwide that has seen cost increases.

    The Cat Linh – Ha Dong Metro Line started operating commercially at the end of last year and so far it has served 7.3 million passengers, among them 10,000 monthly subscribers.

    The line has recorded a revenue of around $53 billion so far with a monthly growth of 20%.

  • 900,000 Apax Holdings shares force sold

    900,000 Apax Holdings shares force sold

    Over 900,000 shares of Apax Holdings have been forced sold by stock brokerages after hitting the floor 16 sessions in a row.

    Apax Holdings chairman Nguyen Ngoc Thuy, also known as Shark Thuy, said that 113,000 of his IBC shares were forced sold by Bao Viet Securities last week, according to a filing to the Ho Chi Minh Stock Exchange.

    This reduced his ownership in the company from 8.05% to 7.91%.

    In the last two weeks Bao Viet Securities and Mirae Asset Securities also forced sold 788,700 IBC shares owned by Apax Holdings’ parent company Egroup.

    Egroup has seen its ownership in Apax Holdings reduced from 59.76% to 58.81% as a result.

    A brokerage typically requires shares to be sold if it issues a margin call and the investor is unable to come up with the money.

    Apax Holdings has seen its IBC shares plunging since November 11 as the company has been accused of delaying salary payments and of failing to uphold high quality.

    In the last five weeks share prices has fallen by 83%.

    Thuy said that a cash shortage caused by the impact of Covid-19 has put the company in crisis.

    He said he would lead the business to recovery but that he will need around three years to accomplish this.

  • Asian markets up after China ends travel quarantine

    Asian markets up after China ends travel quarantine

    Asian markets rose on Tuesday after China said it would end quarantine for arrivals, spurring hopes for the revival of the world’s second-largest economy and boosting oil which continued its upward surge on fears of Russian production cuts.

    China has abruptly reversed its strict pandemic restrictions even as a surge in infections overtakes the country.

    The latest easing will see three years of border controls end on January 8 when Beijing downgrades Covid-19 to a Class B infectious disease.

    People in China have since gone rushing to search for overseas flights, with the reopening set to be a boon for the travel industry.

    China’s benchmark Shanghai index and the second index in Shenzhen both posted healthy gains, while Tokyo ended a shade higher with Seoul, Singapore and Mumbai all also up.

    Markets in Hong Kong and Sydney were still closed for a holiday.

    “Global equities climbed Tuesday while the dollar declined amid positive sentiment from China upping the speed limits on zero-Covid off ramps and the softening of a key inflation measure in the U.S.,” Stephen Innes of SPI Asset Management said.

    “Inbound tourism is not a huge economic bounty for China relative to domestic tourism but policy fast-track and early zero-Covid exit means growth could recover enormously,” he added.

    Markets have also been buoyed by fresh data last week that indicated a slowing of U.S. inflation, as well as an uptick in consumer spending, which saw Wall Street take gains into the Christmas break.

    But the news was not definitive and all eyes will be on how the Federal Reserve raises interest rates to balance inflationary concerns alongside the possibility of a recession caused by increased borrowing costs.

    Following a holiday for commodities traders on Monday, oil continued its surge after a senior official said Russia could cut up to 7% of its production next year.

    Production was also curtailed by freezing conditions in the United States, where more than 1.8 million barrels a day of oil processing capacity in Texas was hit by the extreme weather.

    Both Brent Crude and West Texas Intermediate jumped around 0.5% on the supply shortfalls and expectations of renewed demand from China.

  • Thien Long Group further invests in production and distribution

    Thien Long Group further invests in production and distribution

    Thien Long Group has inaugurated its Clever Box store chain, put into operation a new plant and distribution center in the final quarter of 2022.

    According to a representative of Thien Long, the group had set a plan years ago to upgrade shopping experiences by building a store chain that brings customers many personal experiences like in well-known stationary store chains in Asia as well as the world.

    The target was partly reached as Thien Long Group opened Clever Box stores in October and November this year. The store chain offers stationeries and creates a world of creative toys, and souvenirs through DIY and STEAM items.

    Aside from a wide range of products and creative toys with high educational values, Clever Box provides unique experiences to customers.

    The stores have cozy spaces featuring eye-catching designs and arrangements that inspire customers of all ages to discover “a creative world.”

    Clever Box also has a high-tech platform offering a quick transaction experience to customers. In the coming time, the group will expand the store chain’s online channel cleverbox.vn, e-commerce platforms, and offline channels.

    The Clever Box store chain has further improved the distribution system of Thien Long. The group currently manages 55,000 selling points and channels from GT to MT and B2B and e-commerce channels.

    In the final quarter of 2022, Thien Long Group also put into operation Thien Long Long Thanh Factory in the southern Dong Nai Province and a distribution center in Le Minh Xuan Industrial Zone in HCMC’s Binh Chanh District.

    The new factory covering nearly 10,000 square meters has a capacity of 739 million products per year. The project required a total investment of VND230 billion. The Thien Long Long Thanh Factory plays a role of helping the group diversify products and increase sales.

    Once the new factory is completed, the Thien Long Long Thanh factory complex will have a total area of 28,450 square meters. The new plant and the current Nam Thien Long factory covering 15,750 square meters in Tan Tao Industrial Park in HCMC will help raise the group’s production capacity to meet the market demand and contribute to the growth of Thien Long.

    In mid-October, Thien Long Group opened the distribution center in Le Minh Xuan 3 Industrial Zone in HCMC’s Binh Chanh District. Work began on the project in December 2021. The five-story facility covering 14,000 square meters can handle 14,000 tons of goods and 1,000 orders from e-commerce channels each shift.

    Recently, Thien Long Group was also named one of the Top 100 Sustainable Businesses by Vietnam Chamber of Commerce and Industry (VCCI) and Vietnam’s 50 Best-Performing Companies by Nhip Cau Dau Tu Magazine.

  • Crypto is Dead. Long Live Crypto in 2023

    Crypto is Dead. Long Live Crypto in 2023

    The crypto industry is facing a very difficult 2023. In the longer term, however, there is no reason why it should not rise from the dead again, as it has in the past.

    Skeptics have long suspected it, and now they see themselves vindicated by the fiasco surrounding the now-bankrupt crypto exchange FTX in which the whole crypto boom was built on sand. Bitcoin, Ether, and pretty much every other token and altcoin is nothing more than a big scam, designed solely to take hard-earned money out of the pockets of speculative investors and gullible crypto enthusiasts.

    Spectacular bankruptcies, sensational hacks, and scams are hard to beat for audacity along with billion-dollar collapses, brazen scandals, and embarrassing confessions truly made for an annus horribilis in the crypto industry. The year 2022 was the first full year that cryptocurrencies definitely hit the mainstream, but looking back, it seemingly turned out to be a complete disaster.

    Cascading Collapse

    Beginning with stablecoin Terra and its sister token Luna in May, the crypto pyramid collapsed this year, triggering a domino effect that took the entire crypto market down with it, via industry giants like Celsius Network, Voyager Digital, and Three Arrows Capital (3AC), to FTX and BlockFi. Meanwhile, hackers are estimated to have absconded with over $3 billion in 2022 alone. Over two-thirds of the total market capitalization of cryptocurrencies evaporated into thin air during the year.

    This is not what a foundation built on confidence looks like. Fear, uncertainty, and pessimism appear to be at unprecedented levels around crypto, and numerous investors have lost interest and exited the cryptocurrency market.

    Is History Repeating Itself?

    And so the prophets of doom repeat their mantra the crypto market is dead, put into an early grave by pure speculation, especially since the two most important cryptocurrencies, Bitcoin and Ether, are seen as a fad, without use and not backed by any physical asset.

    To be sure, at least 95 percent of all tokens are junk, with many of them unlikely to survive the crypto winter in which the industry finds itself. But is the industry doomed? The market already crashed by more than 80 percent in the crypto crashes of 2014 and 2018, and yet the industry emerged stronger from each of these crises.

    External Influences

    The short- to medium-term outlook for the crypto market looks pretty bleak with 2023 expected to be a better year, albeit a very difficult one, while the long-term future still appears hopeful and promising.

    Most of the catalysts contributing to the crypto market crash since November 2021 cannot be attributed to the underlying technology. That was mostly attributable to external factors, like tighter central bank policy, fraudulent crypto players, and dubious business models.

    As painful as the crypto winter is, the associated shakeout and recovery process is healthy in the long run since weak competitors with obvious design flaws are being punished by the market and weeded out.

    Above all, the excesses of the wild speculation of recent years are being mercilessly pulled up by their roots. The disillusionment is likely to drag on for quite a while, so it seems rather unlikely bitcoin will return to its all-time high any time soon, not least because the low-interest phase that encouraged speculation is now over.

    Capital Market Cycles

    Boom-and-bust cycles are the essence of all capital markets. But cryptos as a controversial asset class, seem to attract far more media attention than other investment vehicles. Often lost in the general noise is that in the absence of adequate global regulation and due to their young age, cryptos like Bitcoin and Ether are still very vulnerable to dislocation. Both, however, have uses beyond mere speculation or criminal activity, as is often accused.

    Bitcoin is increasingly used as a rapid money transfer method via the Lightning network, while Ether is evolving into a currency for the Web3 and Metaverse. What is needed are stronger guardrails providing more legal and investment certainty in the crypto world in the future.

    At the same time, it would be illusory that all risks can be regulated away. The task of governance rules lies in creating a consistent and reliable regulatory framework. With stronger regulation, trust, and acceptance of crypto assets increase. If leading financial institutions like Blackrock and Goldman Sachs continue to back crypto, it will ultimately attract new investors.

    Innovative and Promising

    Healthy crypto companies are not taking things lying down, but taking advantage of opportunities that present themselves for new business ideas. And, last but not least, the blockchain industry spans far more than just out-of-favor cryptocurrencies. The tokenization of digital assets is seen as having a promising future, with increasingly attractive use cases popping up. The technology can lead to a more efficient, transparent, and accessible securities trading system.

    As long as the blockchain industry continues on its innovation course, and clearer global regulation provides a healthy foundation for the future, there is no reason why the crypto industry will not rise from the ashes once again, as it has done in each case in the past. Especially in an industry as dynamic as the blockchain industry, new technologies may emerge tomorrow that no one is even thinking about today.