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‘The market is acting this way because there is no regulation’ says Skale Labs’ Konstantin Kladko ‘The market is acting this way because there is no regulation’ says Skale Labs’ Konstantin Kladko
Business / Crypto

‘The market is acting this way because there is no regulation’ says Skale Labs’ Konstantin Kladko

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The recent cryptocurrency bear market has uprooted decentralized finance (DeFi) and centralized finance (CeFi) projects in the crypto space. But past performance is not always indicative of future results. For starters, Ethereum’s price has already recovered 48% in the past few days ahead of the looming Merge upgrade. At the annual Ethereum Community Conference in Paris, Cointelegraph spoke to Skale Labs’ co-founder Konstantin Kladko regarding the market crisis. Sklae Labs is a decentralized network of blockchains built on Ethereum. Currently, it’s comprised of 28 blockchains where one can send tokens seamlessly from one chain to another. Here’s what Klado has to say about the recent contagion:  “The market is acting this way because there is no regulatio...