{"id":25832,"date":"2022-08-13T13:29:25","date_gmt":"2022-08-13T13:29:25","guid":{"rendered":"http:\/\/egrowonline.com\/?p=25832"},"modified":"2022-08-13T13:29:25","modified_gmt":"2022-08-13T13:29:25","slug":"crypto-elites-gather-amid-downtown-at-blockchain-futurist-conference","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=25832","title":{"rendered":"Crypto elites gather amid downtown at Blockchain Futurist Conference"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<header aria-label=\"Beginning of Article\" class=\"article-header\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\">\n<h2 class=\"visually-hidden\">Breadcrumb Trail Links<\/h2>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\"> <a target=\"_blank\" class=\"breadcrumbs__item-link\" href=\"https:\/\/financialpost.com\/category\/fp-finance\/\" rel=\"noopener\">FP Finance<\/a> <\/li>\n<li class=\"breadcrumbs__item\"> <a target=\"_blank\" class=\"breadcrumbs__item-link\" href=\"https:\/\/financialpost.com\/category\/fp-finance\/cryptocurrency\/\" rel=\"noopener\">Cryptocurrency<\/a> <\/li>\n<\/ol>\n<\/nav>\n<p class=\"article-subtitle\"> Rockstars, Cabana parties and a DeLorean are par for the course as crypto elite gather amid downturn <\/p>\n<figure class=\"featured-image\">       <img loading=\"lazy\" decoding=\"async\" alt=\"After a soaring run propelled by the pandemic, the crypto sector has been in retreat.\" class=\"featured-image__image type:primaryImage\" height=\"750\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/08\/no0812crypto.jpg?quality=90&amp;strip=all&amp;w=288&amp;h=216\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/08\/no0812crypto.jpg?quality=90&amp;strip=all&amp;w=288&amp;h=216,&#010;                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/08\/no0812crypto.jpg?quality=90&amp;strip=all&amp;w=576&amp;h=432 2x\" width=\"1000\" \/><figcaption class=\"featured-image__caption image-caption\"> <span class=\"caption\">After a soaring run propelled by the pandemic, the crypto sector has been in retreat.<\/span> <span class=\"credit\">Photo by REUTERS\/Dado Ruvic\/Illustration<\/span> <\/figcaption><\/figure>\n<\/header>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p><span>Ethan Buchman wants crypto to get back to basics. You might not guess it from his nebular garb, replete with galactic icons and smoking unicorns, but the co-founder of the blockchain ecosystem Cosmos \u2014 who is moments away from delivering a Kendall Roy-esque rap about the virtues of crypto sovereignty\u00a0<i>(\u201cCrypto please, you better bow down on both knees\u201d)<\/i>\u00a0\u2014 thinks the sector\u2019s excesses were due to for a shakeout.\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment2784909021263767435118303822982977\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment2784909021263767435118303822982977\">Advertisement 2<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-2\">\n<div class=\"ad__inner__container\" data-ad=\"[[6,6],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"6x6\" data-ad-loc=\"2\" data-ad-mobile=\"[[6,6],[320,50],[300,50],[300,250],[300,600]]\" id=\"ad-2\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section><\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p><span>\u201cThere\u2019s a lot of over-exuberance and optimism and hyper-financialization \u2014 and it\u2019s nice to kind of clear a lot of that out and be able to focus again on, really, what we\u2019re here to build and we\u2019re trying to address: fundamental issues in the monetary and financial system,\u201d Buchman said in an interview, before taking the stage at the Blockchain Futurist Conference in Toronto this week.<br \/><\/span><\/p>\n<p><span>The notion of a reset was a common refrain at this year\u2019s edition of the conference, which took over the Rebel nightclub in the city\u2019s Port Lands district, the first time it has been held in person since 2019. The event brought together a who\u2019s who of the Canadian industry, from crypto rock stars such as Vitalik Buterin, founder of Ethererum, to real ones, such as Raine Maida, front man of the band Our Lady Peace. It came with a carnival atmosphere, with attendees lining up outdoors for temporary airbrush tattoos, cotton candy and popcorn and, in keeping with crypto\u2019s spirit, there were pool tables, foosball tables, helicopter rides and even a DeLorean parked out front.\u00a0\u00a0<\/span><\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment2204058702528419257587006639791922\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment2204058702528419257587006639791922\">Advertisement 3<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-3\">\n<div class=\"ad__inner__container\" data-ad=\"[[7,7],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"7x7\" data-ad-loc=\"3\" data-ad-mobile=\"[[7,7],[300,250],[320,50],[300,50]]\" id=\"ad-3\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section><\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p><span>There were also big questions hanging over the event. After a soaring run propelled by the pandemic, the crypto sector has been in retreat. Bitcoin remains down more than 60 per cent from its all-time high peak of over US$65,000 in 2021, a decline that has sparked fears of a new \u201ccrypto winter\u201d \u2014 the preferred term for a sustained downturn in the space. Hundreds of billions of dollars have been wiped from the market capitalizations of various coins, losses that brought with them more trouble, including the collapse of the TerraUSD stablecoin and its Luna token as well as the bankruptcy of Celsius, a crypto lender that owes clients more than US$4 billion. With many investors feeling burned and crypto increasingly in the crosshairs of regulators, the sector is facing a credibility challenge.\u00a0\u00a0<\/span><\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment2109519360833170068338603094442651\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment2109519360833170068338603094442651\">Advertisement 4<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-4\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"4\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" id=\"ad-4\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section><\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p><span>But while there were some signs of soul searching at the conference, there was no sense among the faithful that the crypto party is over.\u00a0 <\/span><span>\u00a0<\/span><\/p>\n<figure class=\"embedded-image\">       <img decoding=\"async\" alt=\"Cosmos co-founder Ethan Buchman.\" class=\"embedded-image__image lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/08\/no0812Buchman.jpg?quality=90&amp;strip=all&amp;w=288\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/08\/no0812Buchman.jpg?quality=90&amp;strip=all&amp;w=288,&#010;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/08\/no0812Buchman.jpg?quality=90&amp;strip=all&amp;w=576 2x\" height=\"750\" loading=\"lazy\" width=\"1000\" \/><figcaption class=\"image-caption\"> <span class=\"caption\"> Cosmos co-founder Ethan Buchman.<\/span> <span class=\"credit\">Photo by Nick Iwanyshyn\/The Logic files<\/span> <\/figcaption><\/figure>\n<p><span>\u201cThere\u2019s still a huge amount of potential in this industry, I think these corrections are generally healthy,\u201d Buchman said.\u00a0\u00a0<\/span><\/p>\n<p><span>Tanim Rasul, chief operating officer at Canadian crypto exchange NDAX, also saw the downturn as an opportunity.\u00a0\u00a0<\/span><\/p>\n<p><span>\u201cBear markets are the best time for you to put your head down and get to work,\u201d Rasul said, during an appearance on the main stage. \u201cBecause I promise you, when that bull run happens, you don\u2019t have time. You\u2019ve got to be firing on all cylinders during the bull market.\u201d\u00a0\u00a0<\/span><\/p>\n<p><span>Anthony Di Iorio, the co-founder of Ethereum and more recently the founder and chief executive of Toronto-based crypto software company Decentral, took to the stage to share his own experiences in previous cycles when cryptocurrencies went bust.\u00a0\u00a0<\/span><\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment4319913974704508662526736264026949\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment4319913974704508662526736264026949\">Advertisement 5<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-5\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"5\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" id=\"ad-5\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section><\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p><span>\u201c2018 was probably the toughest year that I went through,\u201d Di Iorio said, referring to the crypto crash that sent the price of bitcoin down over 60 per cent to just under US$7,000. \u201cHopefully not as similar as what we\u2019re going through right now and what we\u2019re going to go through, but 2018 was when all of the hype and the noise and the (initial coin offering) craze disintegrated.\u2026 It was really one of those crashes that for me, personally, was a major reset.\u201d\u00a0\u00a0<\/span><\/p>\n<figure class=\"embedded-image\">       <img decoding=\"async\" alt=\"Ethereum co-founder Anthony Di Iorio.\" class=\"embedded-image__image lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/08\/no0812Anthony-Di-Iorio.jpg?quality=90&amp;strip=all&amp;w=288\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/08\/no0812Anthony-Di-Iorio.jpg?quality=90&amp;strip=all&amp;w=288,&#010;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/08\/no0812Anthony-Di-Iorio.jpg?quality=90&amp;strip=all&amp;w=576 2x\" height=\"750\" loading=\"lazy\" width=\"1000\" \/><figcaption class=\"image-caption\"> <span class=\"caption\"> Ethereum co-founder Anthony Di Iorio.<\/span> <span class=\"credit\">Photo by Peter J Thompson\/National Post files<\/span> <\/figcaption><\/figure>\n<p data-async=\"\">This time around, Di Iorio is teeing up\u00a0a new project called Andiami, set to go public in November that he hopes will serve as a foundation for blockchain problem solvers. The project has already launched a <a target=\"_blank\" data-auth=\"NotApplicable\" data-evt=\"click\" data-evt-typ=\"click\" data-evt-val=\"{\" data-linkindex=\"0\" href=\"https:\/\/andiami.org\/\" rel=\"noopener noreferrer\" title=\"https:\/\/andiami.org\/\">white list<\/a> that enthusiasts can join.<\/p>\n<p data-async=\"\"><span>Ethereum founder Vitalik Buterin, whose rock-star-like presence drew a crowd that\u00a0<a target=\"_blank\" data-auth=\"NotApplicable\" data-evt=\"click\" data-evt-typ=\"click\" data-evt-val=\"{\" data-linkindex=\"1\" href=\"https:\/\/twitter.com\/Futurist_conf\/status\/1557446735739371520\" rel=\"noopener noreferrer\">packed the main hall wall-to-wall<\/a>, also focused on the potential for further innovation.\u00a0\u00a0<\/span><\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment656397103639246058452376032220790\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment656397103639246058452376032220790\">Advertisement 6<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-6\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"6\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" id=\"ad-6\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section><\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p><span>Buterin pointed to this year\u2019s developments such as \u201cThe Merge\u201d \u2014 Ethereum pending switch from proof of work to proof of stake \u2014 which will make the network cheaper, more secure, and open it up to more upgrades in the future, drawing some cheers from the crowd.\u00a0\u00a0<\/span><\/p>\n<figure class=\"embedded-image\">       <img decoding=\"async\" alt=\"Ethereum founder Vitalik Buterin.\" class=\"embedded-image__image lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/08\/no0812Vitalik-Buterin.jpg?quality=90&amp;strip=all&amp;w=288\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/08\/no0812Vitalik-Buterin.jpg?quality=90&amp;strip=all&amp;w=288,&#010;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/08\/no0812Vitalik-Buterin.jpg?quality=90&amp;strip=all&amp;w=576 2x\" height=\"750\" loading=\"lazy\" width=\"1000\" \/><figcaption class=\"image-caption\"> <span class=\"caption\"> Ethereum founder Vitalik Buterin.<\/span> <span class=\"credit\">Photo by Michael Ciaglo\/Getty Images files<\/span> <\/figcaption><\/figure>\n<p><span>\u201cThis is what I hope we can start thinking about more,\u201d Buterin said, opting to leave the details of how the technology will be used up for audience interpretation. \u201cThe technical improvements are happening and they\u2019re going to happen \u2014 but what kinds of improvements, in terms of what we use Ethereum for, are these things going to make possible?\u201d <\/span><\/p>\n<p><span>Budd White, co-founder of from U.S.-based crypto compliance software company Tacen, pointed to the failed fluff projects and ponzi-styled scams that proliferated the space over the years for this year\u2019s collapse, and echoed Buchman\u2019s reality check.\u00a0\u00a0<\/span><\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment3553206566020294338217665648178423\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment3553206566020294338217665648178423\">Advertisement 7<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-7\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"7\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" id=\"ad-7\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section><\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p><span>\u201cPeople forgot why we do this,\u201d White said. \u201cThey jumped on the hype train (and) Wall Street got involved\u2026 We have to go back to basics.\u201d\u00a0\u00a0<\/span><\/p>\n<p><span>Still, the conference was also home to many of the questionable practices that traditionalists in the crypto space warned about, with attendees promoting new altcoins with promises that investors getting in on the ground floor will see their investments grow astronomically.\u00a0\u00a0<\/span><\/p>\n<p><span>\u201cThat\u2019s what we\u2019re trying to get away from,\u201d said Raine Maida, front man of Canadian rock band Our Lady Peace and founder of digital collectibles company Drrops Inc.\u00a0\u00a0<\/span><\/p>\n<figure class=\"embedded-image\">       <img decoding=\"async\" alt=\"Our Lady Peace frontman Raine Maida.\" class=\"embedded-image__image lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/08\/no0812Raine-Maida.jpg?quality=90&amp;strip=all&amp;w=288\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/08\/no0812Raine-Maida.jpg?quality=90&amp;strip=all&amp;w=288,&#010;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/08\/no0812Raine-Maida.jpg?quality=90&amp;strip=all&amp;w=576 2x\" height=\"750\" loading=\"lazy\" width=\"1000\" \/><figcaption class=\"image-caption\"> <span class=\"caption\"> Drrops Inc. founder Raine Maida.<\/span> <span class=\"credit\">Photo by ANDREW AUTIO\/The Daily Press files<\/span> <\/figcaption><\/figure>\n<p><span>Maida, who has been an advocate for the underlying technology with NFTs in the music industry, said he was drawn to the space when it was pitched to him as a way to track royalties in music and ensure artists are paid directly. Engaging with fans without the middleman by using NFT drops and possibly addressing the bot and scalping issue in concert ticket sales are also crucial to the musician.\u00a0\u00a0<\/span><\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment8210160212922968115403090810833385\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment8210160212922968115403090810833385\">Advertisement 8<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-8\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"8\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" id=\"ad-8\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section><\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p><span>However, he acknowledged that the fraudulent and speculative side of the space has not done the ecosystem any favours.\u00a0\u00a0<\/span><\/p>\n<p><span>\u201cJust the word \u2018NFT\u2019 to me, it might be tarnished for good,\u201d Maida said, emphasizing the need to step away from the fear-of-missing-out mindset. \u201cThere\u2019s so much more value in Web3 in terms of how it can really cause this paradigm shift. We will look back on this (winter of 2021)\u2026 It was like Woodstock\u2026 It was crazy, but it\u2019ll be a blip.\u201d\u00a0\u00a0<\/span><\/p>\n<p><span>Of course, it wouldn\u2019t be a crypto conference without a few bells and whistles. On top of the helicopter rides ($169, payable in crypto, of course), partygoers who were missing the Floridian vibe of the Miami Bitcoin Conference could lounge on the umbrella-dotted patios overlooking the harbour, with the city skyline as picturesque backdrop amid thumping club music and passing party boats.\u00a0\u00a0<\/span><\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment8427025678344039602575007178344480\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment8427025678344039602575007178344480\">Advertisement 9<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-9\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"9\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" id=\"ad-9\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section><\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<section aria-labelledby=\"moreTopicLabel2590640169377518816499959168080385\" class=\"more-topic\" data-carousel-component=\"\" data-carousel-icon-button=\"\" data-carousel-type=\"list\">  <button aria-hidden=\"true\" class=\"more-topic__button-prev\" data-carousel-prev=\"\" title=\"previous\" type=\"button\" \/> <\/p>\n<ol class=\"more-topic__items list-unstyled\" data-carousel-slide-list=\"\">\n<li class=\"more-topic__item\" data-carousel-item=\"\"> <a target=\"_blank\" href=\"https:\/\/financialpost.com\/fp-finance\/cryptocurrency\/ethereum-is-at-a-crossroads-and-needs-to-start-delivering-on-its-revolutionary-potential\" rel=\"noopener\">  <img decoding=\"async\" alt=\"Ethereum co-founder Vitalik Buterin.\" class=\"lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/08\/vitalik-buterin-vw0812.jpg?h=96&amp;strip=all&amp;quality=80\" height=\"96\" loading=\"lazy\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/08\/vitalik-buterin-vw0812.jpg?h=96&amp;strip=all&amp;quality=80,&#010;                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/08\/vitalik-buterin-vw0812.jpg?h=192&amp;strip=all&amp;quality=80 2x,&#010;                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/08\/vitalik-buterin-vw0812.jpg?h=288&amp;strip=all&amp;quality=80 3x\" width=\"96\" \/><br \/>\n<h3 class=\"more-topic__item-text\"> <span class=\"more-topic__item-text-clamp\"> Ethereum is at a crossroads and needs to start delivering on its revolutionary potential <\/span> <\/h3>\n<p> <\/a> <\/li>\n<li class=\"more-topic__item\" data-carousel-item=\"\"> <a target=\"_blank\" href=\"https:\/\/financialpost.com\/fp-finance\/cryptocurrency\/u-s-imposes-sanctions-on-crypto-mixer-tornado-cash-over-alleged-laundering\" rel=\"noopener\">  <img decoding=\"async\" alt=\"U.S. watchdogs are cracking down on sanctions evasion using cryptocurrencies.\" class=\"lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/08\/crypto-vw0810.jpg?h=96&amp;strip=all&amp;quality=80\" height=\"96\" loading=\"lazy\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/08\/crypto-vw0810.jpg?h=96&amp;strip=all&amp;quality=80,&#010;                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/08\/crypto-vw0810.jpg?h=192&amp;strip=all&amp;quality=80 2x,&#010;                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/08\/crypto-vw0810.jpg?h=288&amp;strip=all&amp;quality=80 3x\" width=\"96\" \/><br \/>\n<h3 class=\"more-topic__item-text\"> <span class=\"more-topic__item-text-clamp\"> U.S. imposes sanctions on &#8216;crypto mixer&#8217; Tornado Cash over alleged laundering <\/span> <\/h3>\n<p> <\/a> <\/li>\n<li class=\"more-topic__item\" data-carousel-item=\"\"> <a target=\"_blank\" href=\"https:\/\/financialpost.com\/fp-finance\/cryptocurrency\/coinbase-racks-up-1-1-billion-loss-as-crypto-trading-volumes-slump\" rel=\"noopener\">  <img decoding=\"async\" alt=\"Coinbase's revenue plummeted 61 per cent in the latest quarter.\" class=\"lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/08\/no0810coinbase.jpg?h=96&amp;strip=all&amp;quality=80\" height=\"96\" loading=\"lazy\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/08\/no0810coinbase.jpg?h=96&amp;strip=all&amp;quality=80,&#010;                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/08\/no0810coinbase.jpg?h=192&amp;strip=all&amp;quality=80 2x,&#010;                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/08\/no0810coinbase.jpg?h=288&amp;strip=all&amp;quality=80 3x\" width=\"96\" \/><br \/>\n<h3 class=\"more-topic__item-text\"> <span class=\"more-topic__item-text-clamp\"> Coinbase racks up $1.1 billion loss as crypto trading volumes slump <\/span> <\/h3>\n<p> <\/a> <\/li>\n<\/ol>\n<p> <button aria-hidden=\"true\" class=\"more-topic__button-next\" data-carousel-next=\"\" title=\"next\" type=\"button\" \/> <\/section>\n<p><span>As the summer evening sky over the Cabana party changed to a pale purple, the air was thick with talk of when the next bull market might arrive.<br \/><\/span><\/p>\n<p><span>Whether it was a community in denial of the financial damage of the past year, or a gathering of true believers, the mood was overwhelmingly positive.\u00a0\u00a0<\/span><\/p>\n<p><span>\u201cIt was three years in the making, the community really came up bigger than ever \u2014 it\u2019s actually the largest crypto event in the history of Canada,\u201d said MC Mahyar Akhbari as he took the stage for closing remarks. \u201cWe\u2019ll be back later again next year, bigger and better than ever.\u201d\u00a0\u00a0<\/span><br \/><em \/><\/p>\n<p data-async=\"\"><em>\u2022 Email: <a target=\"_blank\" data-evt=\"click\" data-evt-typ=\"click\" data-evt-val=\"{\" href=\"https:\/\/financialpost.com\/fp-finance\/cryptocurrency\/mailto:shughes@postmedia.com\" rel=\"noopener noreferrer\">shughes@postmedia.com<\/a> | Twitter: <a target=\"_blank\" class=\"twitter-follow-button\" data-evt=\"click\" data-evt-typ=\"click\" data-evt-val=\"{\" href=\"https:\/\/twitter.com\/StephHughes95\" rel=\"noopener noreferrer\">StephHughes95<\/a><\/em><\/p>\n<\/p>\n<\/section>\n<section class=\"article-content__share-group article-delimiter\" data-evt=\"beforeunload\" data-evt-typ=\"page_scroll\" data-evt-val=\"{\">\n<h2 class=\"visually-hidden\">Share this article in your social network<\/h2>\n<\/section>\n<div class=\"article-content__ad-group\">\n<div class=\"ad__section-border ad__section-border--category visually-hidden\">\n<section aria-describedby=\"advertisment6167920169148279348970256830154779\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment6167920169148279348970256830154779\">Advertisement <\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-acceptable\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-acceptable=\"\" data-ad-loc=\"1\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" id=\"ad-acceptable\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section><\/div><\/div>\n<div class=\"widget article-content__widget-group article-content__widget-group--slot1\">\n<section aria-labelledby=\"FinancialPostTopStories4640426039474829524347498371366229\" class=\"newsletter-widget fp-headlinenews\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-newsletter=\"single\" data-newsletter-component=\"\" data-target-list=\"FP_HeadlineNews\" data-widget=\"newsletter\"> <img decoding=\"async\" alt=\"Top Stories Newsletter logo\" class=\"newsletter-widget__logo newsletter-widget__logo--FP_HeadlineNews\" height=\"80\" loading=\"lazy\" src=\"https:\/\/dcs-static.gprod.postmedia.digital\/11.3.1\/websites\/images\/newsletters\/logo\/newsletter-envelope.svg\" width=\"97\" \/> <\/p>\n<div class=\"newsletter-widget__body\">\n<h2 class=\"newsletter-widget__title\" id=\"FinancialPostTopStories4640426039474829524347498371366229\">Financial Post Top Stories<\/h2>\n<p class=\"newsletter-widget__text\">Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.<\/p>\n<div class=\"js-replace-main\">  <small class=\"newsletter-widget__disclaimer text-size--micro\"> By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. 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