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Tag: prediction
Bakkt Set to Smash Bitcoin Trading Volume Record in November
Bitcoin (BTC) futures trading on the Intercontinental Exchange Bakkt platform is seeing a considerable rise in average daily volume so far this month compared to September and most of October, the CoinTelegraph reported. Volumes yesterday, Nov. 5, hit close to their all-time-high — with 1061 traded contracts worth $10 million, a 96% increase over the […]
Ripple CEO: Only 1% of Today’s Cryptocurrencies Will Survive
As many as 99% of all cryptocurrencies will likely go to zero, according to a new prediction by Ripple CEO Brad Garlinghouse. There are too many crypto projects, says Garlinghouse In an interview with Bloomberg released Nov. 5, Garlinghouse claimed that there are too many cryptocurrencies so far, forecasting that only 1% of all crypto is here to […]
Bank of England Governor: Libra-Like Currency Could Replace US Dollar
Mark Carney, the Governor of the Bank of England, has suggested a transformation of the global financial system by replacing the United States dollar with a digital currency similar Facebook’s Libra. Delivering his speech at the U.S. Federal Reserve’s annual symposium in Jackson Hole, Wyoming, Carney said that a Libra-like digital currency could replace the U.S. dollar as the world’s […]
Bitcoin Transaction Volume Shows Signs of Bull Market as Quarterly Trend Reverses
On-chain transactions on the bitcoin (BTC) network hit fresh highs not seen since 2017 in April, industry newsletter Diar noted on April 30, quoting blockchain data provider TokenAnalyst. Continuing a trend that had already started at the end of March, on-chain transaction volume hit a 14-month high in April, the CoinTelegraph reported. This, Diar notes, is similar to the […]
Prediction: 20 Percent of Leading Global Grocers to Use Blockchain by 2025
20 percent of the top 10 global grocers will use blockchain by 2025, according to information released by research firm Gartner Inc on April 30. Per Gartner, the main advantage of blockchain for grocers is that it provides a high degree of transparency. For grocers, this means they can use blockchain as a way to convey reliable […]
Crypto Mining Hardware Market to See 10% Compound Annual Growth by 2023
Digital currency mining hardware market is set to expand by 2023, according to a report from market research firm Reportlinker published on April 29. Per the analysis, the rising number of product launches will facilitate the growth of cryptocurrency mining hardware, that will purportedly register a compound annual growth rate (CAGR) of more than 10% by 2023, the CoinTelegraph […]
Bank of Spain: Bitcoin Unable to Solve Problems of Traditional Payment Systems
An official from Spain’s central bank, the Bank of Spain (BDE) believes that Bitcoin (BTC) is unable to resolve the problems faced by major payment systems. BDE’s Deputy General Director for financial innovations and market infrastructure, Carlos Colesa, gave his opinion on the leading cryptocurrency in a report published on Sunday, Feb. 17. The study dubbed “Bitcoin: a solution […]
Fundstrat Expects 2019 to Bring Incremental Improvements Supporting Higher Crypto Prices
New York-based research company Fundstrat Global Advisors has released its 2019 crypto outlook on Friday, Feb. 8. The analysts describe incremental improvements that will purportedly support higher prices for cryptocurrencies, the CoinTelegraph writes. Tom Lee, Fundstrat’s co-founder and pro-crypto Wall Street analyst, commented on the study in his Twitter. He posted an introduction to the study and infographics that trace key market tendencies […]
Crypto Could Take 10+ Years to Regain 2017 High, But Then Will Be Mature: Cardano Founder
Crypto markets might need more than a decade to regain 2017’s price highs, but the industry will a “dramatically different ecosystem at that point,” according to top altcoin Cardano’s (ADA) founder, Charles Hoskinson. The industry expert made his comments in an interview with Cointelegraph at the Crypto Finance Conference, Jan. 17. Hoskinson compared crypto’s major growth spurt in […]