{"id":8438,"date":"2022-07-16T20:15:00","date_gmt":"2022-07-16T20:15:00","guid":{"rendered":"https:\/\/thedatascientist.com\/?p=8438"},"modified":"2023-08-29T08:40:34","modified_gmt":"2023-08-29T08:40:34","slug":"state-cryptomarket-celsius-three-arrows-voyager-digital-future-decentralisation","status":"publish","type":"post","link":"https:\/\/thedatascientist.com\/state-cryptomarket-celsius-three-arrows-voyager-digital-future-decentralisation\/","title":{"rendered":"State of the cryptomarket: Celsius, Three Arrows, Voyager Digital and the future of decentralisation"},"content":{"rendered":"\n

The cryptomarket in a bear phase<\/h3>\n\n\n\n

The cryptomarket is melting. The cryptomarket meltdown is a result of the bearish sentiment in the market. The market sentiment has been negative for a while now and it doesn’t seem to be improving. This has seen many people lose faith in cryptocurrencies<\/a> and want to move back to fiat currency.<\/p>\n\n\n\n

Also, the demise of 3Arrows Capital, Voyager and Celsius is not helping with consumer confidence. To add fuel to the fire, the founders of 3 Arrows Capital have disappeared and inflation is soaring, with forecasts talking about close to 10% inflation in the EU, US and the UK.<\/p>\n\n\n\n

Nevertheless, not all hope is lost. It could actually be the case that the cryptomarket will emerge stronger after this bear market, as it did with previous one.<\/p>\n\n\n\n

Could decentralisation be the answer? We comment on this and more with Lance Parker from BankX<\/a>.<\/p>\n\n\n\n

Lance Parker<\/h3>\n\n\n\n
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Lance Parker<\/a> is the CEO and Founder of BankX.io<\/a> and LockBox.io<\/a>, technology blockchain companies. Lance is a 4-time technology company founder and multiple patent holder with more than 2 decades in technology (including selling large enterprise software applications). One of his companies was a mobile security application with 50,000 users and won the CTIA emerging technology<\/a> award.<\/p>\n\n\n\n

He is also the CEO and Founder of ConnectX\/LockBox, who is launching a private network of small satellites to store private keys and cryptocurrency wallets for a suite of decentralized applications<\/a>. Lance worked on a new encryption methodology using geometric shapes with Solomon Golomb, the co-inventor of CDMA by Qualcomm. Because Lance invented a unique concept for securely storing information in satellites, Vint Cerf, the inventor of the Internet, selected him to be on an industry panel for the Interplanetary Network\/Delayed Tolerant Network with NASA. Lance has been involved with Blockchain<\/a> technology since 2014, is a former pilot that studied at Embry-Riddle Aeronautical University and has a degree in Economics from George Mason University. <\/p>\n\n\n\n

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