Does anyone actually use blockchain?

Everyone says the blockchain, the technology underpinning cryptocurrencies such as bitcoin, is going to change EVERYTHING. And yet, after years of tireless effort and billions of dollars invested, nobody has actually come up with a use for the blockchain —besides currency speculation and illegal transactions.

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Is crypto a failure?

Tougher macro conditions amount to a stress test for crypto as an independent asset class. For now, crypto appears to be failing the test , acting more like a proxy for unprofitable tech stocks, the segment hit hardest by higher rates and tighter global liquidity.

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