Seven Reasons Why Investment in Blockchain Has Slipped
There has been a lot written in the press recently that investment in Blockchain has declined and Blockchain is losing its lustre. But is this a blip, a decline, a correction, or is it a natural part of a technology maturing or are there more sinister reasons? Great run. Until recently, Blockchain had enjoyed a great run in 2015 and 2016. Bitcoin and Ethereum have been well up year after year, which has coincided with Zcash setting new records and the big tech boys Microsoft, IBM and Amazon opening up for Blockchain business. I have been hanging out with a wide range of entrepreneurs that....
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Digital currency markets have slipped significantly in value during the last two weeks and the lower prices have not sparked higher trade volumes. Data shows cryptocurrency spot market volume has slipped from $1.4 trillion in November 2021, to this month’s $593 billion in volume. Bitcoin futures open interest and volumes have dropped considerably over the last two months as well.
Crypto Volumes Slide Month-Over-Month Since November
When crypto markets shed significant value, traders typically look to see if trade volume increases in order to support the current prices.....
Investment management firm Ark Invest has highlighted three reasons why the price of ethereum has been hitting record highs. The firm cited increased institutional interest, strong on-chain signals, and imminent protocol upgrades as the key reasons. Why Ethereum Has Been Going Up ARK Investment Management, also known as Ark Invest, published a research note last week explaining three key reasons why ethereum is breaking out to new all-time highs. The first reason the firm’s analyst mentioned was “Increased institutional interest.” Ark Invest pointed out that a number of....
Bitcoin prices slipped lower Tuesday but maintained a strong foothold near critical support levels in the $30,000-31,000 range as traders awaited the outcome of Georgia’s runoff elections. The flagship cryptocurrency slipped 0.75 percent ahead of the New York opening bell, wobbling between two extreme levels wherein $32,890 was intraday high, and $29,891 was intraday low. […]
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I can confidently say blockchain will be the most dynamic area in tech in 2017 – already, we're seeing some major players position themselves for a leap forward in the year ahead. Global banks like Santander and Goldman Sachs, for instance, recently announced they would not renew membership in the blockchain consortium they helped found, R3CEV – an example of increased investment from significant brands in finance, retail and supply chain, to name a few, in developing blockchain technology internally. Similar announcements are now happening regularly, building momentum for blockchain as a....