The social side of institutional push: Popular excitement drives crypto adoption
Corporate forces can spark a record-breaking price rally, but it’s up to consumers to solidify the momentum. The start of February has brought yet another batch of evidence supporting the notion that the ongoing surge of crypto prices has deep institutional roots. Ignited by market whisperer Elon Musk and his Tesla’s announcement of a $1.5-billion Bitcoin position, the bullish cycle was reinforced by further news coming from the likes of Mastercard, Amazon and BNY Mellon. The level of interest around the industry is certainly rising, as Bitcoin’s (BTC) price is rapidly becoming a widely....
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A recent security experiment conducted at the University of Illinois Urbana-Champaign goes to show how insecure freely distributed USB drives can be. Almost one in two drives were taken and plugged into a computer right away, regardless of possible consequences. Please Refrain From Using Unknown USB Drives. There is something very appealing about goodies, especially if they come in the form of an item everybody can use. USB Drives present an excellent example of how dangerous these goodies can be, though, as users will plug them into their computer without giving it a second thought. That....
Social messaging applications are playing an ever-increasing role in our daily lives, as we want to be in contact with the rest of the world at any given time. Most everyday consumers have a few different messaging apps on their devices. This growing prevalence of social messaging could be beneficial for Bitcoin adoption. SendChat wants to capitalize on this potential, and has launched a crowdfunding campaign to make its app available for both iOS and Android users. Integrating Digital Currency With Social Messaging. With social messaging becoming more and popular every day, it could prove....
The two main factors driving mass adoption are converging, says Crypto.com CEO Kris Marszalek. Watch Cointelegraph’s latest interview with Crypto.com CEO Kris Marszalek to understand the catalysts that will push crypto to 200 million users. For more crypto and blockchain content, check out and subscribe to Cointelegraph’s YouTube Channel!When adoption?It took over a decade for crypto to reach 100 million users, or ~1% of the global population, according to a study by Crypto.com. But Marszalek expects the next 100 million users to arrive in a far quicker time frame.He said:“Going from 100....
Decentralized finance (DeFi) reached over $150 billion in total value locked (TVL) in the last year. Despite this exceptional increase in TVL (from under a billion at the start of 2020), the number of users that interact with DeFi still pales in comparison with how many people invest in the rest of the crypto market, and these numbers are a drop in the bucket compared to those posted by traditional finance. DeFi’s TVL is only a fraction of the two trillion dollar valuation of the entire crypto market. Furthermore, the entire crypto market is valued at a figure smaller than just one....
Institutional appetite for Ethereum will grow now that the network is ESG compliant, according to the BitMEX boss. In a recent interview, BitMEX chief executive Alexander Höptner shared his thoughts about institutional investors who, in his view, still have an appetite for crypto and Ethereum.Speaking at the Token2049 conference in Singapore on Sept. 28, the crypto executive told Cointelegraph that there has not been a “single slowdown of institutional push into crypto” during this bear market.He added that institutions and finance industry players typically use bear markets for....