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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Wellfield Technologies Inc | TSXV:WFLD | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.005 | -7.14% | 0.065 | 0.06 | 0.065 | 0.07 | 0.065 | 0.065 | 62,600 | 17:50:20 |
How to make sense of 2022 and where the industry may be going next
TORONTO, Nov. 21, 2022 /CNW/ - 2022 has left its mark on the crypto and blockchain industry. What started as a very promising beginning to the year has changed considerably; most notably with the dramatic fall in prices of digital currencies, and several centralized exchanges seeking insolvency/bankruptcy protection including most recently FTX.
And yet 2022 has simultaneously seen positive developments in this nascent industry. We have witnessed Ethereum's historic technical shift from "Proof of Work" to "Proof of Stake" known as "The Merge" which brings the promise of more environmentally sustainable operational practices. Also, some of the world's largest asset managers, investment banks and payments giants including Black Rock, Fidelity Investments, JP Morgan, Goldman Sachs, Visa, and MasterCard have all made significant investments in blockchain. MasterCard has 89 blockchain patents granted globally with an additional 285 blockchain applications pending worldwide.
On top of that, the Bank of Canada is launching regulation for digital retail payments while the Canadian federal government announced the launch of a digital currency consultation as part of its November 2022 mini-budget.
There is clear interest in an emerging industry that's experiencing growing pains. Will exchange bankruptcies drive consumers towards self-custody and decentralized finance? How will this all be controlled & regulated? What happens next?
Brian Lock, CFO, Wellfield Technologies Inc – a TSXV-listed decentralized finance (DeFi) company that uses blockchain to create next generation financial solutions is available for interviews and can comment on:
SOURCE Wellfield Technologies
Copyright 2022 Canada NewsWire
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