Per Bernstein, the new crypto cycle is still not fully appreciated, with a number of positive factors lining up. These include macro catalysts, a new bitcoin mining cycle, the continued successful upgrades of the Ethereum blockchain, and the success of Ethereum scaling ecosystems such as Arbitrum. Author: Will Canny Source link
“Leverage, volatility and interest have faded as investors battle with declining prices,” analysts led by Joseph Ayoub wrote. “Retail interest has broadly diminished as prices have declined,” and this has “coincided with a more general decline in volatility.” Author: Will Canny Source link
La semana pasada, estas entradas alcanzaron US$490 millones, 58% más que la semana anterior, según el informe, ya que “se adoptan casos de uso reales del mundo, como pagos/órdenes de pago, y los proveedores de datos del mundo real, como redes descentralizadas, aumentan la funcionalidad”. Author: Will Canny Source link
Following the transition, miners are no longer being issued rewards, the bank said, noting that these rewards equated to a supply of 4.9 million ether (ETH) a year. ETH issuance is estimated to drop 90% to around 600,000, and total supply on the first day of the Merge fell as the fees burnt were larger than rewards issued to validators, it added. Author: Will Canny Source link
Crypto is already widely used as a currency in the digital asset world, the report said, adding that ether is predominantly needed to buy non-fungible-tokens (NFTs). As more brands look to advertise in the metaverse, there could be an increasing need to accept a range of payment methods, including crypto, it said. Author: Will Canny Source link
Virtual-reality platforms are set to evolve rapidly into 2023, the bank’s analysts said. Author: Will Canny Source link
The total addressable market (TAM) for the metaverse economy could be between $8 trillion to $13 trillion by 2030, with up to five billion users, but getting to that market level is going to require sizable infrastructure investment, Citi said in a report on Thursday. Author: Will Canny Source link
Instagram could lower the barrier for entry to the NFT market, the report said. Author: Will Canny Source link
“Overcollateralization in lending/borrowing means DeFI lending doesn’t expand the money supply (for the same cryptocurrency), which means, without centralization, it will be harder for DeFi to be seen as an alternative to the current fractional reserve banking approach,” the note said. Therefore, the bank expects DeFi to remain fairly small in the coming years. Author: Will Canny Source link
The venture aims to bring cryptocurrency benefits to natural CO2-removal processes. Author: Will Canny Source link