Day: August 10, 2022

Over $600K Vanishes From DeFi Project Blur Finance; Developers Disappear

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More Than $600K Vanishes From DeFi Project Blur Finance as Developers Disappear

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Crypto Popularity to Spur Growth in Blockchain-Powered Banking, Financial Services

The surging use of cryptocurrencies is expected to enhance the development of blockchain in the banking and financial services market, according to The Business Research Company.  The report noted that the worldwide blockchain in banking and financial services market size is anticipated to hit $1.89 billion this year from $1.17 billion recorded in 2021.   As a result, recording a compound annual growth rate (CAGR) of 61.9%. The report added: “The blockchain in banking and financial services market is expected to reach $12.39 billion in 2026 at a CAGR…

Reserve Bank of Australia to Pilot Digital Currency, Explore Use Cases – Finance Bitcoin News

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The monetary authority in Australia is beginning research into the potential economic benefits of issuing a central bank digital currency. Within the project, the regulator hopes to identify use cases and intends to develop a limited-scale pilot. Central Bank of Australia Working on Digital Currency Program The Reserve Bank of Australia (RBA) announced the launch of a research program to explore the benefits of issuing a central bank digital currency (CBDC) for the country’s economy. The project, expected to take about a year, will be realized together with the Digital…

Blockchain Identity Management Market to Hit $17.81B by 2030

The urge for digitization is expected to push the blockchain identity management market to $17.81 billion by 2030, according to a report by Market Research Future (MRFR). An analysis of the blockchain identity management market indicated that a compound annual growth rate (CAGR) of 56.6% would be recorded during the forecast period between 2022 and 2030.   The report noted: “Market expansion is predicted to be aided via the expansion of governmental initiatives for the blockchain technology development in both developed & emerging nations.” The need for digitization…

Bitcoin braces for US inflation data as CPI nerves halt BTC price gains

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Bitcoin (BTC) hit multi-day lows into Aug. 10 as crypto traders braced for impact with fresh United States inflation data.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: Market “could get ugly” if CPI keeps rising Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $22,668 on Bitstamp at the most recent daily close — its lowest since Aug. 5. Bullish momentum had evaporated during the day prior, and the mood among traders was firmly risk-off as markets awaited the latest Consumer Price Index (CPI) readout. Covering July,…

Shariah-Compliant Islamic Coin Raises $200m, Beating All Records in 2022

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Shariah-compliant Islamic Coin has secured $200M during its private sale from international private buyers. The crypto, targeting the world’s 2 billion Muslim population and ethics-first crypto adopters have broken all records, becoming the top private sale raise in 2022 and the top 10 raise in history. The Shariah-compliant digital currency has gained a Fatwa, issued by the world’s leading experts in Sharia Law. The edict was led by Sheikh Dr. Nizam Mohammed Saleh Yaquby, recognized as ‘The Gatekeeper’ of a $2 trillion market for Islamic financial products. The award-winning team…