This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned
ShapeShift CEO Erik Voorhees has said that the growing debt of the US, which hovers at around $ 21.7 trillion as of November, will inevitably cause a big spike in crypto. “When the next global financial crisis occurs, and the world realizes organizations with $ 20 trillion in debt can’t possibly ever pay it back and thus
The post $ 20 Trillion US Debt Will Inevitably Lead to Big Crypto Boom: Prominent Investors appeared first on CCN
It’s been 10 years since bitcoin creator Satoshi Nakamoto published his white paper on bitcoin, and the global economy hasn’t been the same since. The original cryptocurrency now boasts a market cap of more than $ 112 billion, while bitcoin’s dominance hovers at more than 53%. But if you ask Nigel Green, founder and CEO of
The post The Next 10 Years: Crypto Market to Eclipse $ 20 Trillion as Bitcoin’s Influence Fades appeared first on CCN
Whereas right now, the prices aren’t exactly great it doesn’t necessarily mean that the market won’t rally soon. A fund manager believes that a rally could see 10x growth could happen in two years if the right conditions are properly met.
Over $ 200 billion is the price of the current total capitalisation of the cryptocurrency market is way below it’s all-time high when it reached $ 818 billion on 7th January this year according to data from CoinMarketCap. While previous predictions of a huge market rally after January’s massive correction haven’t yet materialised market players are still overwhelmingly optimistic that an upturn might happen. The latest market prediction seems to be bolder than the rest.
During an interview with Ran Neuner on CNBC’s Crypto Trader, Coinbase alum and crypto investment firm 1Confirmation founder Nick Tomaino stated that the valuation of the crypto market can reach a trillion dollars off of speculation alone. He said: “I see investing and speculating as adoption. I think it is possible that crypto gets from … Continued
The post Trader: Crypto Can Reach Trillion Market Cap Based on Speculation Alone appeared first on CCN
One of the biggest names in financial services wants to help institutional investors add bitcoin and other cryptocurrency assets to their multi-billion dollar portfolios. Citing proven institutional demand for cryptocurrency products, Fidelity Investments, the fifth-largest asset manager in the world with 27 million clients and $ 7.2 trillion in customer assets, has announced that it will
The post Mainstream: $ 7.2 Trillion Asset Manager Fidelity Will Help Customers Invest in Bitcoin appeared first on CCN
The United States federal budget deficit rose to $ 782 billion for the 2018 fiscal year, according to the Congressional Budget Office (CBO), Congress’ nonpartisan group of budget experts. This total amounts to roughly 3.9% of gross domestic product (GDP) and marks the third straight year that the deficit increased as a share of the economy. The outcome could have actually been […]
During Ripple’s Swell conference, Ripple showed a report named ‘Blockchain in Payments’. The report discusses the critical mass adopting blockchain based payments for this year. Several organisations were anticipating this conference and more specifically integrating virtual assets into cross-border payments flows.
The Boston Consulting Group collected data which showed that the number of cross-border payments in the global markets was worth around $ 27 trillion. The data continued to show that this number could grow by another $ 20 trillion between this year and 2026.
Wall Street is realizing the power of crypto. Fidelity Investments CEO Abigail Johnson announced on Friday that the fourth-largest asset management firm in the world with $ 2.5 trillion in assets under management plans to roll out cryptocurrency and blockchain products and services by end of 2018.
“We’ve got a few things underway, a few things that are partially done … We hope to have some things to announce by the end of the year,” said Johnson at Boston Fintech Week 2018.
News wires buzzed this week when the National Association of Securities Dealers Automated Quotations (Nasdaq) announced its pending purchase of Swedish crypto-friendly stock exchange Cinnober. Nasdaq made “an USD 190m all cash recommended public offer” to the exchange, which it terms a major “financial technology provider to brokers, exchanges and clearing houses worldwide.” It could also be a significant first step for the $ 10 trillion Nasdaq into the world of crypto.
Venture capitalist and famous cryptocurrency supporter Tim Draper exposed his prognostic on the cryptocurrency market at the DealStreetAsia PE-VC Summit in Singapore last Wednesday, when he predicted that it will rebound to $ 80 trillion within 15 years.
The famous investor thinks that blockchain and cryptocurrencies are “going to have such a transformative effect on industries that we never even imagined would be transformable.”
Like many investors before him, Draper compares the potential of this industry to the internet boom back in the 1990s. The internet, in return, was compared to the telegraph, the railroad, and the automobile industries at its time. No one thought that industries as diverse as agriculture, for example, would embrace the internet.
Billionaire investor and prominent Bitcoin bull Tim Draper believes that the total cryptocurrency market capitalization will reach $ 80 trillion in the next 15 years. While speaking at the DEALSTREETASIA PE-VC Summit 2018 in Singapore, Draper stated his belief that the latest downturn in cryptocurrency prices is related to people simply not being accustomed to the new digital […]
Blockchain can transform the supply chain.
By using blockchain, small- and medium-size businesses (SMEs) around the world can obtain $ 1 trillion in trade financing, according to Sept. 13 whitepaper by World Economic Forum and consulting firm Bain & Co. The technology can be especially important in providing capital and improving efficiency in emerging countries — which often lack banking infrastructure and digital processes.
The authors of “Trade Tech – A New Age for Trade and Supply Chain Finance” point to red tape and excessive documentation as stifling international trade, especially in regions like Asia and Africa.
Bitcoin bull Tim Draper has predicted that the market capitalization of cryptocurrencies will increase by four hundred times in the coming one and a half decades. Equating the current state of the crypto market to the early days of the internet, Draper, however, warned that the prices of bitcoin and other cryptocurrencies will first have
The post Crypto Market Cap to Hit $ 80 Trillion in 15 Years: Bitcoin Bull Tim Draper appeared first on CCN
A new report from the World Economic Forum has high hopes for blockchain with revenue growth predicted to be over $ 1 trillion in world trade. The white paper published in June examines supply chain management and the enormous role that blockchain will play in the near future, particularly with SMEs (small or medium-sized businesses). The
The post Blockchain Could Bring $ 1.1 Trillion in New Global Trade, Says WEF appeared first on CCN
The total market capitalization of cryptocurrencies is currently $ 225 billion led by Bitcoin (BTC: $ 7,000) at $ 120 billion. ICO advisory firm Satis Group is forecasting an extremely bullish trend for cryptos over the next 5 to 10 years in an Aug. 30 report: “CryptoAsset Market Coverage Initiation: Valuation.”
The firm expects cryptoassets to reach $ 500 billion next year and expand to $ 3.6 trillion by 2028. Satis also expects massive gains for privacy coins such as Bitcoin, Monero, ZCash and Dash.
The post SharesPost study: DLT market opportunity to top $ 2.5 trillion during next 10 years appeared first on CoinReport.
In polite pockets of society, acceptable and positive crypto talk revolves around its amazing tech and what the future might hold. At least one bitcoiner has tossed aside such niceties, and examined the world’s most popular cryptocurrency as a potential offshore tax avoidance haven. Depending on the study, as much as $ 20 trillion is hidden away from government tax farmers. However, loopholes are closing as lawmakers discover them, perhaps creating just the use case bitcoin needs to thrive in the near future.
Venezuela Localbitcoins users traded a record 2.7 trillion bolivars in the week ending April 14, new data shows.
$ 55 Million A Week In Bitcoin
Coming just after the debt-ridden country’s parliament formally approved a law requiring all government institutions to accept its Petro cryptocurrency by July, the astonishing numbers dwarf any other week since records began in 2013.
Trading figures are compiled by monitoring site Coin Dance, which uses official exchange rates for the US dollar, putting the hard currency equivalent at around $ 55 million.
RBC Capital Markets analyst Mitch Steves thinks the blockchain industry will be worth $ 10 trillion within the next 10-15 years.
Much of the coverage we’ve seen out of the major and mainstream news media outlets (we’re looking at you, CNBC) has focused on the micro topics within the space. Where does Bitcoin Cash fit into the picture? Does it mean anything that the founder of Ripple is now worth more on paper than the founders of Google?