Tag: Report

Demand for Blockchain and AI Expected to Push Market Value to $980.7M by 2030: Report

Since blockchain and artificial intelligence (AI) are among the greatest technological innovations, their demand is expected to make the market value soar to $980.7 million by 2030, according to Spherical Insights & Consulting. The market data intelligence company suggested that the global blockchain AI market is anticipated to record a compound annual growth rate (CAGR) of 24.06%. Per the report: “Both combined are able to provide robust outcomes, and become highly beneficial to various applications such as financial security, supply chain logistics, creating diverse datasets and many others.” Since…

Troubled Crypto Exchange Zipmex on the Verge of Venture Capitalist Buyout: Report

boss

Embattled crypto exchange platform Zipmex is reportedly on the verge of being purchased by a venture capitalist firm. According to a new report by Bloomberg, the Singapore-based digital assets exchange is currently in talks with V Ventures, an investment firm that focuses on technology. Sources familiar with the situation tell Bloomberg that Zipmex is on the cusp of agreeing to a majority buyout, though the buyer has not been officially named. However, they also noted that the company is in close talks with V Ventures. The sources go on to…

Bitcoin Could Have Found Its Bottom At $20,000 Level: Glassnode Report

boss

Glassnode released a report detailing Bitcoin’s performance during the bear market and the potential for a break out from current levels. The report highlights that Bitcoin is performing similarly to how it did in other bear markets and may need more time to respond and move. The profitability of long-term holders is also at 60%, but a subset of long-term holders are seeing capitulations. The crypto market is looking much more positive as it heads into the new year, with Bitcoin holding steady above the $20,000 level. Other crypto assets…

Digital Currency Group Promotes Mark Murphy to President, Cuts Nearly 13% Staff: Report

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Research report outlines why the crypto market might be on the verge of a reversal

boss

As November begins, analysts are busy dissecting the major market movements that occurred in October. While Bitcoin (BTC) stayed relatively unchanged with only 5.89% growth in October, Arcane Research senior analyst, Vetle Lunde mapped out the direction the market might take in the next few months. “Uptober,” a reference to Bitcoin’s bullish historical performance in the month of October, was a common theme across many threads on Crypto Twitter and, according to Lunde, this performance appears to have happened once again. Data shows BTC and exchange tokens outperformed the large…