Merchants’ consumer survey found out that 53% of the South African participants have little to no knowledge of cryptocurrencies. Interestingly, almost half of the respondents said they would be more open to the digital asset realm if local banks provided such services. South Africans Need More Education The Johannesburg-based management company – Merchants – determined...Read More
A study conducted by the Australian fintech company – Finder – revealed that the vast majority of participants (78%) think Ethereum’s “Merge” will have a positive impact on the token’s price. ETH’s valuation is expected to top $1,700 by the end of 2022 and surpass $14,000 by 2030, they said. Ethereum’s Possible Price Pumps It...Read More
According to a study carried out by the global hiring platform Deel, residents of Latin American nations are most likely to say “yes” to receiving salaries in cryptocurrencies. Citizens of the EMEA (Europe, the Middle East, and Africa) area ranked second. Crypto Flourishes in Troubled Economies Deel’s research estimated that 67% of the cryptocurrency payments...Read More
Coinbase Ventures’ Q2 report indicates that the overall deal activity declined along with the pessimistic sentiment taking reign in the broader market. The bearish market condition, however, did not change the firm’s investment thesis on infrastructural projects that demonstrate real utility as well as the burgeoning Web3 gaming sector. Deal Activity Dropped in Q2 Coinbase...Read More
The crypto market has begun a recovery period in the past two weeks. However, today the market yet again bled as cryptocurrencies started to plunge. However, major cryptocurrencies like Bitcoin, and Ethereum, among others, are still profitable and trading above their crucial price levels. On the other hand, the analytic firm, Santiment, claims that although...Read More
As per reports, the Federal Reserve is expected to raise the interest rates in its upcoming meeting scheduled on July 26-27. If it raises the rates by 0.75%, it will be the third rate hike this year and won’t be the last either, as more as planned for the months ahead. These measures by the...Read More
A joint study conducted by Boston Consulting Group (BCG), Bitget, and Foresight Ventures revealed that digital asset adoption is still in its early days. If the trend continues, the total number of cryptocurrency users should tap one billion by 2030, the entities asserted. Adoption is Gaining Traction According to the research, crypto adoption is still...Read More
CryptoQuant – a blockchain analytics firm – has released a report evaluating data around stablecoins and their peg-robustness. It found that holding almost any of the current top stablecoins throughout 2022 was slightly more profitable than holding actual U.S. dollars. The Slight Stablecoin Premium According to the report, the historical mean daily closing price for...Read More
The American-based bitcoin miner – Compass Mining – intends to add 25,000 ASIC miners to its facility in Granbury, Texas. The deployment is scheduled for August as it will be supported by Compass’ partner – Compute North. Going Forward Despite the Dismissals Compass Mining has been struggling recently due to numerous reasons. In an attempt...Read More
