Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    Yuga Labs’ CEO Daniel Alegre Addresses Community Concerns: A Lesson in Transparent Leadership and Navigating Pressures | NFT CULTURE | NFT News | Web3 Culture

    October 19, 2023

    Bitcoin: Sharks, Crabs lag as BTC Shrimps create staggering shift

    May 20, 2023

    Solana Launches “Winternitz Vault” to Defy Quantum Computing Threats

    January 6, 2025
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      Fair launch is the broken promise of crypto

      October 11, 2025

      Shock.com Expands Casino and Sportsbook to Deliver Nonstop Entertainment

      October 10, 2025

      Why The Bitcoin Price Might Never Drop Below $100,000 Again

      October 9, 2025

      Canary Capital Finalizes Spot Litecoin ETF Filing with 0.95% Fee, Ticker LTCC

      October 8, 2025

      Chinese exports of advanced chip gear reached $38B, up 66% from 2022 despite ban

      October 7, 2025
    • Technology

      Proof of Work vs Proof of Stake – Which consensus mechanism is better?

      October 12, 2025

      From free fall to rebound, trade war shakes markets

      October 11, 2025

      Bitdeer Ramps Up BTC Mining as Industry Faces Cooldown

      October 10, 2025

      ONDO Finance could rally to $10 driven by RWA tokenization

      October 9, 2025

      Will Jerome Powell speech boost crypto?

      October 8, 2025
    • Learn/Guide

      Binance co-founder advises users with losses to contact customer service

      October 12, 2025

      Crypto investor Konstantin Ganich found dead in Lamborghini amid market crash: Report

      October 11, 2025

      Cryptocurrency market sees $200M liquidation in 15 minutes

      October 10, 2025

      Bitcoin pulls back to $120K, sparking $120M in liquidations

      October 9, 2025

      Sorare moves to Solana blockchain

      October 8, 2025
    • NFTs

      Triple Trouble: Shepard Fairey, Damien Hirst, and Invader Join Forces for Monumental Exhibition at Newport Street Gallery | NFT CULTURE | NFT News | Web3 Culture

      October 2, 2025

      Slimesunday’s Magnum Opus: ‘Banned from New York’ Blows the Lid Off Digital Censorship | NFT CULTURE | NFT News | Web3 Culture

      July 22, 2025

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025
    • Regulation

      Bybit Wins UAE’s First Full SCA Crypto License, Unlocks Nationwide Services

      October 12, 2025

      Texas Eyes Ether as Next Asset in State’s Strategic Crypto Reserve

      October 11, 2025

      Grayscale Edges Closer to Solana ETF Launch as Fee Update Hits SEC Filing

      October 10, 2025

      PayPay Buys 40 % of Binance Japan to Fuse Payments with Crypto

      October 9, 2025

      VanEck Expands Crypto ETFs with Lido Staked Ethereum Registration

      October 5, 2025
    • Business

      Metaplanet Is About to Drop $881M Into Bitcoin, Here’s the Timeline

      August 27, 2025

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » Blockstream CEO Adam Back responds to US crypto pressure
    Technology

    Blockstream CEO Adam Back responds to US crypto pressure

    June 12, 20233 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Blockstream CEO Adam Back responds to US crypto pressure
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Share





    Amid the mounting regulatory pressures on cryptocurrency exchanges, Blockstream CEO Adam Back highlights the inherent resilience and adaptability of the crypto industry, insisting that it will continually find ways to navigate and thrive despite these challenges.

    Adam Back, the CEO of Blockstream, shared some insights on the resilience of the cryptocurrency industry during the recent BTC Prague conference. He painted an optimistic picture of the sector’s ability to adapt to changing regulatory landscapes.

    Antifragility in cryptocurrency sector

    “Antifragility is the norm here,” Back said to Decrypt. He explains that when one door closes due to regulatory hurdles or other challenges, the industry promptly responds by opening another. This dynamism is driven by both the creation of new solutions and the shifting of market share to different players that follow distinct strategies.

    Back reaffirms the demand-driven nature of the crypto market. He suggests that when a cryptocurrency exchange discontinues its services in a specific region, users will simply migrate to an alternative exchange or an international platform.

    1-year bitcoin chart | Source: Coin Market Cap

    Comparing the fluid nature of the crypto market to water, Back underscored that the sector is nimble, ready to find workarounds, and highly efficient due to the strong desire among participants to keep operations running.

    His comments come on the heels of legal actions initiated by the U.S. Securities and Exchange Commission (SEC) against prominent crypto exchanges, Binance and Coinbase, for allegedly functioning as unregistered securities exchanges.

    The increasing regulatory scrutiny led to Binance’s U.S. offshoot deciding to temporarily suspend USD deposits.

    Notwithstanding these challenges, Back, the inventor of Hashcash, a proof-of-work (PoW) system that later laid the foundation for bitcoin mining, maintains a sanguine outlook on the future of bitcoin trading. He believes that, if U.S. wire transfers were to be constrained, traders would adapt by switching to bank accounts dealing in euros or Swiss francs.

    Back points to the emergence of crypto-friendly banks in Europe, Switzerland, and Gibraltar, which provide services like accepting Tether deposits and offering conversion services between USDT and other fiat currencies.

    These banks also allow bitcoin trading, albeit with limited features since their primary function remains traditional banking. This further emphasizes the industry’s adaptability. Back articulates that each challenge merely causes a reshuffling of practices and structures.

    Back, a notable figure in the crypto world, believes that Satoshi Nakamoto, bitcoin’s elusive creator, would likely be impressed by the sector’s growth since its inception in 2009.

    The CEO concluded his remarks by pointing out the wide array of individuals, companies, and even countries that are effectively utilizing bitcoin today, indicating that the cryptocurrency’s impact is often greater and sooner than anticipated.


    Follow Us on Google News



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Proof of Work vs Proof of Stake – Which consensus mechanism is better?

    October 12, 2025

    From free fall to rebound, trade war shakes markets

    October 11, 2025

    Bitdeer Ramps Up BTC Mining as Industry Faces Cooldown

    October 10, 2025

    ONDO Finance could rally to $10 driven by RWA tokenization

    October 9, 2025
    Top Posts

    Top 3 Cryptos to Buy in February 2025: High-Potential Picks for Huge Long-Term Gains

    March 5, 2025

    Bitcoin sinks under $80,000, faces potential drop to pre-election levels as correction continues

    February 28, 2025

    Too few jurisdictions follow virtual asset guidelines: FATF

    July 14, 2024

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    Fair launch is the broken promise of crypto

    October 11, 2025

    Shock.com Expands Casino and Sportsbook to Deliver Nonstop Entertainment

    October 10, 2025

    Why The Bitcoin Price Might Never Drop Below $100,000 Again

    October 9, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.