NFT craze and institutional money to bring next 100 million crypto users, say...
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....
Related News
Cash can now be exchanged for Bitcoin at Walmart, the retail store finds a way to join the cryptocurrency’s craze. The simple and recognizable form of an ATM might bring in many new users, such as the curious and insecure ones who felt like buying Bitcoin was too intimidating. Coinme, the crypto wallet firm, currently […]
The crypto space suffers from its checkered history and, to grow further, the ecosystem must become safer, more usable and more mature. It has been said that you only get one chance to make a first impression. Perhaps the best example of this old adage is the cryptocurrency space. From exit scams and money laundering, to unaudited code and high carbon footprints, the crypto landscape has spent the better part of the past decade scrubbing itself of its infamous past. For many, the sanitizing of the decentralized ecosystem was inevitable — simply a matter of when, not if. This mindset....
If you’ve gone deep in the current crypto craze, you might need to prepare your heart once you do your crypto taxes. Crypto may have started out as a humble money gig, but with its total value at nearly $2 trillion, many are betting it’s “the future of money.” However, its growing popularity has come […]
Blockchain isn't the only company raising millions recently. SolidX Partners Inc. announced today that they too have raised some money. $3 million, in fact. The company, which provides swaps to hedge funds and hopes to bring institutional access to bitcoin and other digital finance, says the round was led by Liberty City Ventures. Other investors that participated in the round include: Jim Pallotta, Red Sea Ventures, Stanley Shopkorn, and Red Swan Ventures. SolidX's swaps allow investors to get synthetic exposure to bitcoin through the use of tools already available and that they are....
Small and retail investors are not the only ones getting hit hard by the Bitcoin crash. Institutional investors are also feeling the heat of the market crash. This has sent the institutional investors running as inflows had halted for the last week. Outflows from crypto and blockchain-related investments grew steadily over the course of the weeks, totaling more than $100. million. Institutional Investors Stay Away The institutional outflows for last week have been concerning for crypto investors but in no way surprising. With the emergence of the ‘crypto winter’, it has signaled that the....