Property is the world’s single largest store of wealth, and if the cryptocurrency and blockchain world is seeking an express route to mass adoption, it could do worse than partnering with the real estate industry.
According to a September 2021 report by Savills World Research, the estimated value of all the world’s real estate stands at $326.5 trillion. By comparison, crypto-sector market capitalization was about $1 trillion in mid-July.
Property is the world’s single largest store of wealth, and if the cryptocurrency and blockchain world is seeking an express route to mass adoption, it could do worse than partnering with the real estate industry.
According to a September 2021 report by Savills World Research, the estimated value of all the world’s real estate stands at $326.5 trillion. By comparison, crypto-sector market capitalization was about $1 trillion in mid-July.
A report by Boston Consulting Group (BCG) showed that 0.3% of individual wealth is invested in crypto while 25% is in equities.
In an interview with Cointelegraph, the hereditary prince nuanced his views on Bitcoin adoption in the middle east and shed light on Bitcoin in Serbia.
Su Zhu revealed the 3AC team had close ties to Terra co-founder Do Kwon, which made them overlook many red flags with the project that eventually led to a multi-million dollar loss for the hedge fund.
Crypto.com exchange follows in FTX's footsteps by targeting aggressive expansion in Europe after receiving CySEC approval.
As the blockchain space becomes more extensive, cybersecurity becomes a more crucial requirement for many. Because of this, PolySwarm CEO Steve Bassi argued that there is a need to leverage blockchain for cybersecurity.
Bassi told Cointelegraph that while the awareness of blockchain technology and security is on the rise, the use of blockchain within cybersecurity is still in its early days. “Awareness about cyber security and crypto, especially over the last five years, increased more than any time during my professional security career,” he said.
Despite the rise in awareness, the CEO noted that cybersecurity projects are still in the middle of trying to find applications of blockchain in the space. Because of the market gaps, Bassi noted that they created a project to use blockchain to enhance security. They do this by rewarding users as they provide data on malware. The executive said:
“Gathering complete data on malware infrastructure shortens the lifespan of major malware campaigns and ultimately keeps PolySwarm’s customers and the internet at large more secure.”
Taking inspiration from the success of the Brave browser, Bassi explained that at the moment, antivirus companies are already gathering what he describes as “ultra-valuable malware infrastructure” but don’t compensate users for providing the data.
Steve Bassi, the CEO of PolySwarm, said that gathering data on malware infrastructure shortens the lifespan of malware campaigns.
In its note to banking sector, a chief financial regulator likens virtual assets to online gambling.
Levels immediately below the current $23,000 need to hold at the weekly close for Bitcoin bulls to breathe easy, commentators warn.
Bitcoin (BTC) recovered above $23,000 into July 22 as attention increasingly focused on the upcoming weekly close.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewData from Cointelegraph Markets Pro and TradingView showed BTC/USD finding renewed strength after briefly dipping towards $22,000.
The pair traded in a critical zone for bulls on the day, with the 50-day and 200-week moving averages (MAs) still yet to flip from resistance to support.
Analysts were holding out for the weekly candle close to determine the strength of Bitcoin’s latest uptrend which at one point delivered weekly gains of up to 25%.
“To perform a reclaim of the 200-week MA as support, $BTC needs to Weekly Close above $22800,” popular trader and analyst Rekt Capital wrote in part of a recent Twitter update.
The Bitcoin mining company plans to expand its fleet of mining devices comes on the back of staff lay-offs and executive salary cuts just weeks before.
Former-LUNAtic Mike Novogratz has told crypto investors that the insane returns seen in the crypto space are simply unsustainable.
Zelis CTO Kali Durgampudi has called on health care providers to utilize blockchain tech to protect customer data and stave off attacks from cybercriminals.
Massive sell-offs from institutions appear to have been the driving force behind the drop in Bitcoin price since May, according to an analyst from Arcane Research.
“All the Ethereum killers from back in the day didn't succeed, and I don't expect them to succeed at all,” Blockdaemon’s Ethereum lead told Cointelegraph.
“All the Ethereum killers from back in the day didn't succeed, and I don't expect them to succeed at all,” Blockdaemon’s Ethereum lead told Cointelegraph.
