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Summing-Up Crypto DeFiance

Summing-Up Crypto DeFiance

crypto defiance post event-Techcryption

Crypto DeFiance, the global DeFi event embracing established innovators, financial market disruptors, DApp developers, experienced traders, avid technologists and the wider blockchain community happened a few days back at the National Gallery Singapore.

Subject matter experts like Eric Benz, the CEO of Changelly, Jocelyn Chang, the APAC Community Lead for MakerDAO, Alex Koumpas, Co-founder of Crypton, Tone Vays, a ‘Bitcoin Maximalist’ cum Derivatives Trader & Consultant, and Alex Melikhov, CEO of Equilibrium were among the speakers and panellists.

Hernan Arber, the Founder of EOS Israel spoke about the power of Decentralized Exchange (DEX), where he began with the importance of exchanges and liquidity while quoting “if I can’t sell it, why should I buy it?”. Proceeded with “how are decentralized exchanges better” by pinpointing the pros and cons of centralized exchanges.

Teana Baker Taylor, the Executive Director and Board Member of Global Digital Finance (GDF) talked about the best practices for GDF. She started off with the token market today and the process of mainstreaming crypto. She also emphasized the lack of common language, the evolution of the terminology used by regulators. She talked about GDF’s code of conduct, continued with how they work and explained why it’s important, before ending her session.

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Marina Khaustova, the CEO of Crystal Blockchain shared on how compliance remains a key challenge for the adoption of crypto by mentioning that new transaction methods always create gaps in trust. Interesting she showed how does bitcoin tracking work, starting from raw blockchain, a tangled network of wallets and transactions to providing a flexible set of trigger alerts to get the most relevant optics and ended off with a map showing the existing and upcoming regulations around the world.

In a nutshell, the event was a success in enlightening the emerging DeFi economy, investment trends and ground-breaking DeFi developments on EOS, Ethereum, DeFi regulation, the technical side of DApp development, real-world use cases, a DeFi adoption, an impact on developing countries, including other aspects of Defi and leading blockchain platforms.

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