The urge for digitization is expected to push the blockchain identity management market to $17.81 billion by 2030, according to a report by Market Research Future (MRFR). An analysis of the blockchain identity management market indicated that a compound annual growth rate (CAGR) of 56.6% would be recorded during the forecast period between 2022 and … Read more
The surging use of cryptocurrencies is expected to enhance the development of blockchain in the banking and financial services market, according to The Business Research Company. The report noted that the worldwide blockchain in banking and financial services market size is anticipated to hit $1.89 billion this year from $1.17 billion recorded in 2021. … Read more
Bitcoin (BTC) has closed above the 200-week moving average (WMA) for two consecutive weeks, according to market analyst Ali Martinez. Martinez pointed out: “Bitcoin printed a second consecutive weekly candlestick close above the 200-week MA. This week, BTC needs to remain trading above $23,000 to keep this crucial level as support. Notice that all … Read more
Crypto industry leaders on Wednesday discussed the landscape change amid the market downturn over the past half year. Chain reactions have been triggered after the crash of LUNA/Terra in May. Amid the so-called crypto winter, the subsequent market meltdown resulted in shutdowns among crypto institutions, such as the declaration of insolvency by crypto lenders Three Arrows … Read more
Crypto futures exchange CoinFLEX on Tuesday filed for restructuring in a Seychelles court as part of its efforts to address a shortfall caused by a counterparty who failed to make a margin call. CoinFlex said it had sent a notice about its restructuring process to its clients via email. The firm further said it intends … Read more
The volatility inherent in the digital currency ecosystem may seem stabilized at the moment, but a deeper insight into on-chain analytics shows more indeterminate trends are at play. These trends can easily tilt the balance in space, and per the current outlook, the bears seem to be igniting such a pressure that can grow to … Read more
Cryptocurrency financial services startup Amber Group has announced that it will expand its retail trading operations into Brazil through a retail platform called WhaleFin. Amber Group, one of the fastest-growing digital currency management firms in Asia, was launched in 2017. As a leading global digital asset platform, Amber Group provides a full range of digital asset … Read more
Blockchain in the fintech market is anticipated to reach $31.4 billion by 2030, given that the penetration of this cutting-edge technology in the financial industry has boosted app-based operations. The study by Market Research Future (MRFR) pointed out that a compound annual growth rate (CAGR) of 47.9% would be recorded in the forecast period between … Read more
The Reserve Bank of Australia (RBA) has launched a year-long trial to explore a central bank digital currency’s (CBDC) business models and innovative use cases. The Australian central bank highlighted that the pilot project aimed at getting better insights into the regulatory, legal, and technological aspects of CBDCs. Michele Bullock, RBA’s Deputy Governor, pointed … Read more
Inflows into crypto investment products have been experiencing an uptick for six consecutive weeks, topping $500 million, according to a report by market insight provider CoinShares. The study dubbed “Volume 92: Digital Asset Fund Flows Weekly Report” highlighted: “Digital asset investment products saw inflows totalling US$3m last week marking the 6th consecutive week of … Read more