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Key Blockchain Personalities Makes Fortune’s 40 Under 40 List of 2020

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The head of Binance U.S. Catherine Coley, and eToro Chief Executive Officer Yoni Assia and other blockchain personalities saw their names on the Fortune’s list of 40 under 40.

Key blockchain personalities have been drafted into Fortune’s list of 40 under 40 personalities for 2020. With the majority of the personalities drafted under the ‘Finance’ category, the number of blockchain personalities listed shows that growing coverage blockchain and cryptocurrency are having in today’s finance world.

As a regular culture, Fortune publishes on an annual basis a selection of 40 entrepreneurs and professionals in each of 5 different categories ranging from Finance, to Technology, Healthcare, Government and Politics and to Media and Entertainment, all to be named as the top under 40 leaders in their respective fields.

The list has existed in two phases: First, from 1999 to 2003, purely as a numeric ranking of wealth, capturing the first dot com boom. The current iteration started in 2009 and is a ranking of power and influence. The list includes business executives, political figures, sportsmen, fashion designers, and others who are under forty years old

In this year’s curation, the head of Binance U.S. Catherine Coley, and eToro Chief Executive Officer Yoni Assia saw their names on the iconic list. Besides these two key figures, the president and co-founder of the cryptocurrency custody platform Anchorage, Diogo Mónica also made the list. Others include Chainalysis co-founder Jonathan Levin, TD Ameritrade head of digital assets and distributed ledger technology, Sunayna Tuteja, and Bakkt president Adam White, who was featured as the first man on the list.

Key Blockchain Personalities List Reflects Growth of Cryptp

The recognition of Adam White and cohorts is largely indicative of the shift that blockchain technology is driving in the world of finance. With the entire cryptocurrency industry now with an overall market capitalization of $362.1 billion according to CoinMarketCap at pixel time (12:21 am UTC), the cataclysmic growth seen both in terms of market cap and adoption has been largely impressive since the turn of the decade.

Detailed profiling of the companies these listed personalities represent and their respective roles will show that the rankings are not unearned. Bakkt, the blockchain platform owned by the Intercontinental Exchange (ICE), the owners of the New York Stock Exchange, debuts in 2018 with the vision to bring trust and transparency to digital assets. Thus far, the blockchain outfit has unlocked over $1.2 trillion of digital assets that are currently held in cryptocurrencies, rewards and loyalty points, gaming assets, and merchant stored value.

Binance is an exchange with a very profound expansion strategy with the United States outfit duly licensed by the Securities and Exchange Commission (SEC). eToro is also a popular social trading and multi-asset brokerage company that has registered offices in Cyprus, Israel, and the United Kingdom. With Assia’s leadership, the exchange is now constantly rated among the top exchanges in the crypto sphere.

Similarly, the roles of Chainalysis and TD Ameritrade has also contributed in part to the growth the cryptocurrency ecosystem has seen in recent times. These strides justify the recognition of these personalities.

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Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.



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How Market is Shaping Up

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With the 2024 halving still about 1198 days, the stakes seem higher, perhaps because of the volatility of the trading market in 2021.

No sooner will a person start talking about the crypto world before the Bitcoin halving is mentioned. It is a major event with a significant impact on cryptocurrencies generally – and has been from the onset. The idea, factored into the design of the crypto asset by Satoshi Nakamoto, helps manage the inflation of the asset.

Unlike Ethereum, only about twenty-one million BTCs can be mined based on the design algorithm. Interestingly, estimates suggest that 98% of this will have been mined by 2030. Thus, after every 210,000 blocks, the reduction in the number of new Bitcoins that can be mined per block is triggered. Consequently, the amount of rewards earned by miners is reduced.

So far, the halvings have been greeted with significant media attention. This is particularly true of the months that lead up to the halving. From a price of $2.55 before its first halving in November 2012, BTC rose to about $1037 a year after. A similar trend continued after the second halving in July 2016, with BTC rising to $2525 exactly a year after.

Despite the coronavirus pandemic, the third halving happened in May 2020 with the price of BTC at $8600 and six months later, the price was over $15,420. By and large, the market has run exactly as some have predicted with prices falling just before the reductions and then rising to new heights after the halving is completed.

Bitcoin Enthusiasts Remain Excited about Halving

The reduction in the Bitcoin supply has always been greeted with excitement and speculation. The last halving was watched online by 7000 people on Bitcoin Magazine’s live stream. This was even as CoinMetrics co-founder Nic Carter, Messari CEO Ryan Selkis and Kraken content producer Pete Rizzo, celebrated the halving.

With the 2024 halving still about 1198 days and 5 hours away at the time of writing according to CoinMarketCap, the stakes seem higher, perhaps because of the volatility of the trading market in 2021, but the excitement is no lesser.

Against the current trend, many experts remain optimistic that it will an uptrend. Analyst PlanB expects the price of BTC to soar to $288,000. Senior commodity strategist at Bloomberg Intelligence, Mike McGlone, also predicts the market will correct for a bullish trend. Billionaire Tim Draper has also stuck to his guns about the direction the market is headed.

It’s safe to say that the jury is still out on whether this upcoming halving. The question in the mouth of many Bitcoin investors and speculators is: “Will it follow the type of growth in previous halving?”

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An experienced writer and Fintech enthusiast, passionate about helping people take charge of, scale and secure their finances. Has ample experience creating content across a host of niche. When not writing, he spends his time reading, researching or teaching.



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Hollywood Actress Mila Kunis to Launch NFT Animation ‘Stoner Cats’

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Mila Kunis was recently seen commenting how the blockchain domain is empowering and needs more exploration to seek better results.

Following the current trend in crypto marketing, Mila Kunis is all set to launch stoner cats- an animated web series where people will buy NFT tickets as tokens to watch the show. The proceedings collected via NFT will be utilized to produce more episodes of the web series.

The actress further highlighted how the ongoing pandemic situation made her curious about the growing crypto market and compelled her to dive deep into the sources to know more about the Bitcoin agreements and daily transactions.

Mila Kunis to Launch NFT Tokens as Tickets to Her Web Series

The actress famous for her roles in “The 70s Show” and Family Guy had made an appearance in the Conan O’Brien Show where she announced how the web series Stoner Cat will be making use of Crypto devised NFT as access tokens to buy tickets. The funds collected through these tokens will later be used to produce more episodes for the show.

Kunis also clarified that the time during the quarantine made her research more about cryptocurrency and its related aspects. The show primarily will use blockchain technology to make people aware of how crypto can be used in day-to-day proceedings.

The project will center around five house cats who repeatedly save their owner from impending mishaps. Kunis also stated how the concept of the show has taken inspiration from the CryptoKitties which were first released in 2017 and were quite impressionistic NFTs to have ever been invented.

Mila Kunis Partners with Cryptokitties and CryptoPoops Founders

Mila Kunis in an endeavor to deliver the NFT services backed tokens had partnered with leading brands like CryptoKitties and CryptoPoops Founders Mack Flavelle and Jonathan Howard. Kunis also described how through these tokens, she intends to deliver the best possible content in the form of entertainment and fun.

The price of the tokens is yet to be determined, however, the prices of NFTs popular among celebrities had been interpreted in millions. According to Kunis, the show is set to premiere in July.

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Juhi Mirza is an archaeological major who is obsessive about blockchain/Crypto technology and deems it to be the foundational philosophy of the future. Her dogged ability to research and crystallise technical facts/multiple perspectives into rivetting stories makes her an accessible finance writer. She tends to her archaeological pursuits and loves unearthing the past over the weekends.



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Tanzania’s First Female President Wants the Country to Go Crypto

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Samia Suluhu Hassan, the president of Tanzania, is striving to embrace cryptocurrency with open arms. This move follows that of El Salvador adopting Bitcoin as legal tender. 

No doubt the World Bank will not be happy with yet another developing nation jumping on crypto. However, when large swathes of your population is unable to take advantage of the world’s technology boom, any way of jumping in seems like a good idea. While Tanzania doesn’t want to adopt Bitcoin as currency right away, President Hassan directed the Bank of Tanzania to prepare for crypto to come to the country, saying they should be ‘ready.’ 

At the same time, actual cryptocurrency traders in Tanzania remain bearish on the president’s desire for Tanzania to go crypto. Their experience has taught them that there is nothing like experience.

Education is the key


They’re right. Cryptocurrency education should be the prime focus, and many believe that it should come from the country’s central economic authority. Especially when the nation has such a young population, it’s easy to see why the government is on board.


One challenge President Hassan faces in Tanzania is overall crypto acceptance. Much of this relies on education and bipartisan support in the nation. One important note is that President Hassan took power after the late former President John Magafuli died from heart complications on March 21, 2021. 

It is unlikely that former president Magafuli would have been as open to adopting crypto, citing his notoriously hard political stances. So far, President Hassan has not mentioned anything regarding environmental concerns. Developed nations are saying the same thing, but most of them are focusing on creating their own digital fiat coins.

In a nation primarily focused on agriculture through overwhelming dependence  and is classified as a “lower-middle income economy. In 1985, the nation began transitioning from a socialist-based command economy to a market economy. After this overhaul, Tanzania’s GDP increased in 2014 by a whopping 1/3 to $41.33 billion. 

If the country’s desire to become economically viable in the modern geopolitical landscape continues, then adopting crypto makes sense. However, just like El Salvador, which has a notoriously low internet connectivity rate, Tanzania faces similar socio-economic issues. A plan to adopt crypto en masse in the nation would have profound reprocussions, and no doubt many people would be left out of the loop while a select few see the most gains. 

Conclusion

As more developing nations realize the potential from cryptocurrencies such as Bitcoin, the push to get crypto exchanges and services will elevate the crypto world. Only time will tell developing nations going crypto will have adverse effects. 

While the World Bank might be scared of cryptcurrency’s decentral nature, the United Nations is not. The international body believes that researching blockchain is a step in the right direction. What kind of support would Tanzania receive from the UN on this?

That’s a good reason to watch this story closely.

If anything, a little bit of short-term economic pain might yield massive economic gains for places like Tanzania over the next several decades. Crypto has a high barrier to entry for anyone. It doesn’t matter if you’re a country, a company or an individual. 

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