MIT Report Finds Bitcoin More Likely to be Spent than Hoarded
Newly released research from the MIT Technology Review, a faculty-run university magazine, suggests that new bitcoins are increasingly being spent, not hoarded, by users after purchase. The data illustrates that the number of unspent, new bitcoins has declined drastically from 2009, when nearly half of all new bitcoins were held for the entire first year of ownership. Today, the vast majority of new bitcoins are spent within 24 hours, the findings suggest. The results led the researchers to conclude: "New bitcoins are now more likely to be spent than hoarded by speculators." Such findings....
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The Technology Review, published by the folks at MIT here in Massachusetts have posted an interesting infographic on bitcoin. One subsection in particular we found interesting (CoinDesk published this first and it caught our attention). It has to do with the bitcoin spending, and according to research conducted by MIT, New bitcoins are now more likely to be spent than hoarded by speculators. The data ranges from 2009 through 2013, and indicates that the majority of bitcoins purchased today are spent within 24 hours. By comparison, in 2009, the majority of bitcoins acquired were hoarded.....
Mastercard spent $299 Million on capital expenditure in 2013, and I intend to conservatively assume that Visa, with its larger payment processing network, spent at least a similar amount. In the year 2013, MasterCard and Visa together processed a combined $7.4 trillion in purchases. Combining these figures with those of American Express and Discover, the four companies together generated $61.3 billion in revenue, during the same period. In January of this year, there were approximately 12.2 Million bitcoins in existence. I will agree that many of these bitcoins may well be 'Zombies' or....
Much like other activity in the digital asset space, crypto lobbying has been picking up during the past year. Interaction between the cryptocurrency industry and Capitol Hill is becoming ever more intensive as efforts to regulate crypto grow in tandem with its popularity. The surge in crypto industry lobbying last year was given some concrete parameters in February by crypto analytics startup Crypto Head. It released a report showing that the crypto companies that spent the most money on lobbying in 2021 were Robinhood, Ripple Labs, Coinbase and the Blockchain Association. These....
A report issued by Globant, an Argentinian software company, has discovered that people feel the metaverse is close and accessible to them. The report, titled “How the metaverse is transcending digital limits and reinventing our place in the physical world,” found that the metaverse is perceived as being accessible by 73% of the people consulted, but only 26% have had metaverse experiences.
Metaverse Perceived as Accessible, Globant Found
The metaverse and its tech have become popular subjects for companies to do research around, learning about how people perceive....
The supply chain tracking project has a comfortable cushion in its Foundation treasury, but expenditures were very low through the first quarter of 2022. The VeChain Foundation has released its financial report for Q1 2022 showing that the project amassed an impressive $1.2 billion war chest but only spent about $4.1 million in the quarter.VeChain (VET) is a blockchain project designed to enhance supply chain management.. The Foundation’s May 10 financial report for Q1 2022 outlines its balance sheet as of March 31 and how it spent funds through the quarter. Although the treasury opened....