Study Reveals: Global Crypto Market Volume to Exceed $108 Trillion With Europ...
According to a study released by CoinWire, the global cryptocurrency trading volume will see a notable increase, boosting it to over $108 trillion before the end of 2024. This figure is almost 90% higher than the trading volumes seen in 2022, signaling that a major potential increase in crypto transactions worldwide is on the horizon. […]
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WEF study says the ongoing efforts from blockchain organizations are not enough to set global blockchain standards. A study conducted by the World Economic Forum and Global Blockchain Business Council reveals the reasons why the blockchain industry still lacks well-defined standards on the global level.Dubbed the Global Standards Mapping Initiative, the study notes that the gaps, divergence and overlap in the standard-setting landscape of the blockchain industry are the biggest challenges the industry needs to surmount.Most organizations involved in setting standards for the industry have....
Popular decentralized exchange (DEX) platform on Ethereum, Uniswap, celebrates a major milestone. Via its official Twitter account, the team behind the protocol announced that it has processed $1 trillion in all-time trading volume. Related Reading | Coinbase Is on a Downwards Spiral and Could Be Taking your Crypto with It As seen below, this metric has been on an uptrend since September 2020. At that time, the protocol processed less than $10 billion in cumulative trading volume. The $1 trillion milestone was reached in less than a year as Uniswap went processing around $250 billion....
First Global Credit believes that with the increasing acceptability of Bitcoin, this virtual currency is sure to dominate the market during the upcoming days. In a press release, the company has highlighted, that despite the interest of big banks in only the technology behind Bitcoin, blockchain, this digital currency has enough strength to stand on its own merit as the careful study of the market reveals. In the support of its argument, the First Global Credit stated that Bitcoin/USD price has risen around 35% in October 2015. First Global Credit also achieved a rare feat, as the trading....
According to this week’s data, cryptocurrency trade volume touched an all-time high on May 20, reaching $1.76 trillion in reported 24-hour volume. Daily trade volume statistics for Monday have been high, as reported volume from crypto market aggregators shows over $300 billion in 24-hour volume. Meanwhile, stablecoins capture 50% of Monday’s global trade volume with tokens like tether, binance usd, and usd coin leading the pack. Reported Crypto Exchange Volumes Worldwide Capture Lifetime Highs Out of all the volume reported across the crypto economy’s lifetime, May 2021....
It seems $600,000 a coin is the minimum target for analysts over at Ark Invest, who believe Bitcoin will match and then surpass the market capitalization of gold. Ark Invest believes Bitcoin’s (BTC) market capitalization will one day “comfortably eclipse” that of gold, and exceed $10 trillion, reports the London Times. Headed up by veteran stock picker Cathie Wood, analysts at Ark believe Bitcoin’s $1 trillion value is set to rise tenfold in the coming years, as it moves from being a fringe asset to a mainstream financial tool.The value of Bitcoin doubled since January 2021 alone,....