Tag Archives: social

Messari’s latest newsletter posits that the industry is witnessing crypto’s adolescence, emphasizing that smart contract blockspace is becoming a commodity. CEO Ryan Selkis acknowledged 2023 as Ethereum’s best year yet, citing its status as the strongest network in terms of community size and revenue generation through fees. However, he suggested that the crypto industry is still in its “adolescence” while asserting that smart contract blockspace is evolving into a commodity,...

Bitcoin (BTC) and the broader crypto market could have a positive year in 2024 due to the effects of several on-chain metrics. According to a weekly report from market analytics platform CryptoQuant, metrics that could influence bitcoin’s positive trajectory next year include the upcoming halving, growing stablecoin liquidity, the widely anticipated spot Bitcoin exchange-traded fund (ETF) approval, and macroeconomic conditions. Bitcoin Could Have a Positive 2024 CryptoQuant...

Fox Business anchor Charles Payne is a Bitcoin (BTC) investor – and he sees the price of one coin potentially soaring to $1 million. In a newly published interview, the financial program host weighed the pros and cons of investing in stocks versus Bitcoin and explained why he thinks the government may conspire to capture it. What Is Bitcoin’s Potential? In a Thursday episode of the Coin Stories podcast, Payne argued that stocks, unlike Bitcoin, give shareholders exposure to a...

Bitcoin (BTC) retraced 5% over the second week in December to $42,236 on Saturday, Dec. 16, from a 19-month high of $44,700 on Dec. 9. The decline in average crypto exchange spot prices for Bitcoin followed an astonishing 62% rally over two months from $27,162 on Oct. 16 to that key resistance around the $44,000 level. U.S. banking giant J. P. Morgan warned that BTC was overbought in mid-November after Bitcoin price surpassed the $36,000 level. Blockchain analytics firm...

In a mid-December analysis, Fortune Business Insights forecasted that the global blockchain gaming market is poised for explosive growth, potentially reaching an estimated $614 billion within the next seven years. This projection represents a growth rate of nearly 300% from the current market value of $154 billion. North America Leads, with RPGs Dominating The report, which scrutinizes global sales data for blockchain game products from 2017 to 2021, reveals a compound annual...

The recent surge in cryptocurrency markets over the last month seems to have spilled over into the realm of decentralized finance (DeFi). The trading volume on decentralized exchanges (DEX) has traditionally been considerably lower than that of centralized exchanges (CEX). However, the recent market rally has led to increased activity, albeit at a somewhat slower pace. DEX Trading Volume Picks Up Pace According to research from Kaiko, major platforms such as Uniswap and Curve...

With a mere fortnight left in the year, Stuart Alderoty, the Chief Legal Officer of Ripple, has provided perspectives on what lies ahead for the cryptocurrency landscape in 2024. The exec has predicted setbacks for the US SEC and even a possible Supreme Court confrontation. Despite these bullish prognoses, Alderoty anticipates difficulties on the legislative front. Ripple CTO Doubles Down on 2024 Predictions According to Alderoty, the lingering legal battle between Ripple and...

As Bitcoin emerges as the top-performing asset in 2023, it has garnered endorsement from major Wall Street players such as BlackRock, who are actively working to integrate cryptocurrencies into the financial mainstream. This indicates that the extended Crypto Winter has indeed come to an end, but it seems that retail participants are falling behind. Retail Participation Lacking Bitcoin’s recent price action to the upside helped it cross back into the top 10 largest assets by...

A TRM Labs research has revealed that the cryptocurrency industry witnessed a downturn in hack volumes in 2023, with a more than 50% reduction compared to the previous year. Despite a consistent number of attacks, around 160, the total value stolen dropped dramatically to $1.7 billion, less than the nearly $4 billion lost in 2022. A Closer Look at the Figures Since the inception of cryptocurrency in 2009, hackers have stolen billions of dollars in digital assets annually. In...

This season appears to be one for cryptocurrency exchange-traded funds (ETFs) as multiple traditional finance companies seek regulatory approval to introduce more to the market. First Trust is the latest asset management firm that wants to create another Bitcoin ETF. However, the company is not looking to launch a spot product like others but a buffer fund. First Trust to Launch Buffer Bitcoin ETF According to a December 14 Form N1-A filing with the United States Securities...