The market capitalization of cryptocurrencies has not changed seriously in the last 7 days, and now the uptrend is even stronger. Cryptocurrency Blockchain – Analyst is in extended mode. An analysis of the fast-growing cryptocurrency custodian market for institutional depositors has been made. Most of the market players recognized that competition for the position of prime broker is increasing. Although the industry is relatively new, it is already undergoing a radical transformation. Rapid infrastructure development and a wide range of offerings are making it more attractive to all types, money managers, hedge funds and wealthy individuals.
Cryptocurrency news says that since 2012, analysts have listed 46 investment rounds with impressive deposits of $1.6 billion. The largest investments were the infamous Coinbase ($5.2 billion) and Bakkt ($4.8 billion). Established increased competition is forcing market players to add solutions such as lending, asset management and insurance to their product lineup.
Cryptocurrency funds have a lot to present. Grayscale’s investments totaled $96,000 in the second quarter. That figure is about 20 times the $3.5 billion funding in the first quarter of 2020. Interest in the Grayscale Ethereum Trust cryptocurrency fund has increased, with income reaching 15% of the total. Grayscale’s total assets are valued at $400 billion, and fund representative Barry Silverberg predicts success for the industry. One of the guarantors of the prospects is that the U.S. authorities can’t ban Bitcoin (BTC).
Such bans are not technically feasible and have not been approved by the authorities. Two organizations (Blockchain Association and Coin Center) are educating policymakers about the benefits of technology and asset classes.
Xiao Yang’s book reports that the introduction of the Central Bank Cryptocurrency (CBDC) using blockchain will be a fait accompli. The interest of financial innovators will eventually shift to the securities sector. While “stocks” and “coins” are traditional financial categories, cryptocurrencies using blockchain blur their boundaries, opening up new opportunities. Digital stocks will become a natural product of digital currencies in the future.
Bitcoin (BTC)
A study by analytics service Whale Alert found that the number of bitcoins (BTC) that Satoshi Nakamoto can own is 1,122,693 BTC. According to the exchange rate set for the night of December 7 to 21, 2020/2020, it will exceed $1,000 billion. To find out the exact amount of bitcoin (BTC), scientists studied all the blocks mined in the first days and selected from them what Satoshi himself mined, using the appropriate version of the software. It is true that Satoshi himself, the creator of “the first network since the birth of cryptocurrencies,” the block from which he obtained BTC coins was in the software he sent to evangelist Hal Finney. Analysts believe that the parts found by the missing makers will not be used in the future.
Ethereum (ETH)
Its network has also taken a step forward. Ethereum network activity is growing exponentially. The 1-day trading volume is approaching its peak when the cryptocurrency surpassed $1,000 in 2018. The surge, which began in 2020, is driven by the rapid expansion of the decentralized finance (DeFi) sector led by Ethereum (ETH).
The known expansion of the use of Stablecoins, along with DeFi, is having a positive impact on the growth of activity on the Ethereum network (65% is dedicated to Ethereum). The network accounts for 85% of all transactions. In Q2 2020, it became clear that Stavro’s growth early in the year was not just due to pandemic outflows. Many have noticed that Stavro is a great option for payments and savings.
Ripple (XRP)
The data is mixed. At the moment, it continues to rise.
