Report on global blockchain ecosystem by CV VC, PwC and Cointelegraph

From enterprise blockchain adoption to the rise of decentralized finance, it seems like the blockchain landscape is constantly evolving in different ways. While impressive, it’s important to understand how blockchain is being applied within various industries. In order to highlight blockchain’s current global impact, a Swiss blockchain investment firm, CV VC, is releasing a new report together with Big Four firm PricewaterhouseCoopers Switzerland and Cointelegraph.  Entitled “CV VC Global Report H1/2020,” this report provides a detailed overview of companies applying blockchain technology across eight different sectors, including art, crypto banking,…

COVID-19 shook out retail investors but emboldened BTC whales: Report

As the COVID-19 pandemic began, retail and institutional Bitcoin investors took very different approaches, new research from OKEx Insights and Catallact showed.  The research, which looked at on-chain BTC transaction data from January to the beginning of August 2020, found retail investors largely pulled back and took a wait and see strategy with Bitcoin. Larger, possibly more institutional investors, on the other hand, accumulated BTC. The report does not take into account transactions in the bulk of August and September when prices fell.  Retail transactions, those representing less than one-tenth…

Fiat Devaluation Drives Retail Bitcoin Transfers in Africa 56% in a Year: Report

Monthly cryptocurrency transfers to and from Africa under $10,000 soared more than 56% from a year ago to reach $316 million in June, according to new research by U.S. crypto analytics firm Chainalysis. Altogether, $8 billion worth of crypto was received into the continent and $8.1 billion sent onchain in the last year. The total value of retail-sized transfers slowed down somewhat between November 2019 and February 2020 – falling to as low as $147 million – but spiked sharply in the ensuing months, as the hype around Bitcoin’s third…

Blockchain’s demographics seem to be shifting in surprising ways, says new report

People in their 20s and 30s now appear to make up the majority of crypto traders worldwide. This represents a shift away from previous numbers, which indicated not so long ago that people in their 30s and 40s made up Blockchain’s main demographic. According to a Sept. 7 report from BitFlyer, the biggest crypto exchange in Japan by trading volume, the ratio of its users in their 20s doubled in the EU, Japan, and the United States compared to data from 2018. In the U.S., BitFlyer traders in their 20s…

Remember, remember Bitcoin tanks in September: Kraken report

In its August 2020 volatility report, U.S.-based cryptocurrency exchange Kraken has predicted that September will bring excessively negative returns for Bitcoin (BTC). The report notes that historically, September is Bitcoin’s worst-performing month, with an average return of -7%. It points out that as Bitcoin has underperformed its average returns for most months of 2020, this month’s performance was likely to be even worse than usual. Despite the bearish outlook for the short-term, the report identifies some glimmers of hope, including that a record share of Bitcoin’s supply has not moved…

Glassnode report suggests the fair value of SUSHI is just 31 cents

Research by on-chain analytics provider, Glassnode, has taken a deep dive into the economics and value of the SUSHI token, revealing that it may be worth far less than its current price. And that’s after the token’s price took a massive 70% dive over the past week to $2.36.  Glassnode analyst Liesl Eichholz broke down the tokenomics of SushiSwap’s native SUSHI token. The research stated that the value of protocol governance should not be understated, but it is difficult to quantify, suggesting that such yield farming incentives are largely driven…

First Mover: Buying Bitcoin’s Dip, Betting Against Tether and Weighing the Jobs Report

You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team and edited by Bradley Keoun, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every wild swing in bitcoin and more. We follow the money so you don’t have to. You can subscribe here. HOLIDAY NOTICE: First Mover will publish next on Tuesday, Sept. 8. Happy Labor Day to our U.S. readers. Price Point Bitcoin (BTC) was up in early trading to $10,500, rebounding after Thursday’s 11%…

All fintech companies will use blockchain within 10 years: Aussie government report

The Australian government’s Senate Select Committee on Financial Technology and Regulatory Technology has released a draft report citing blockchain technology more than 50 times. The report is in response to Australia’s first recession in 30 years as a result of COVID-19, which was confirmed in the June quarter’s negative growth announced on September 2. The document makes numerous recommendations about how the nation can “embrace technology and become globally competitive” said committee head Senator Andrew Bragg. He added: It is my hope this interim report can be seen as a…

Why Macy’s Stock Rallied Then Cratered Over Q2 Earnings Report

Macy’s stock rallied some 2.75% by midday Wednesday, only to pull back to 1% below the day’s opening price. At issue is stronger-than-expected online sales, but massive losses in the second quarter as the pandemic raged. Macy’s has to address a fundamental weakness in its competencies: Online should not be less profitable than brick-and-mortar. Macy’s stock was among those making the biggest moves in the premarket Wednesday morning. America’s number one department store ($24 billion in 2019 sales) rallied around 2.75% by midday to $7.20 a share. Macy’s 2019 sales…