Fintech expert Professor Will Cong comments on Bitcoin’s value drop, an event that happened on El Salvador’s first day of using the cryptocurrency as legal tender.
Regulation and regulatory policy play a critical role in the health and longevity of cryptocurrency markets.
“It seems to me that this is a competition among new and old exchanges,” Professor Will Cong tells Bloomberg Wealth.
“Think about how traditional art pieces are hard to trade,” Professor Will Cong tells the Washington Post. “That is solved after the ownership can be easily divided and traded.”
“These online brokers use prompts, push notifications and other nudges for the purpose of eliciting a specific behavior: increased trading by the investor,” Professor Vicki Bogan said at the House Financial Services Committee Meeting on GameStop.
“Fraud detection is hard,” Professor William Cong tells Bloomberg. “Even if they are all non-fungible, they’re still anonymous and it would be hard to track down market manipulators.”
Big Red Tech Strategy partners MBAs with Cornell Engineering Commercialization Fellows to launch businesses based on their technological innovations.