Blockchain adoption in Asia Pacific will expand into SMEs Blockdaemon

Blockdaemon executive Andrew Vranjes said that tax regulations and the lack of uniform regulations across jurisdictions hold back institutions from adopting blockchain. 

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DePIN: The New Era of Blockchain Infrastructure

The world of blockchain technology and cryptocurrency is continuously evolving, and a new chapter is unfolding with the rise of Decentralized Physical Infrastructure Networks, also known as DePIN, within the crypto market. This concept plays a crucial role in the shift from virtual transactions to real-world applications. As we stand on the verge of this […]

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Blockchain reduces airline cargo costs by 7%, boosts efficiency

Airlines were able to reduce communication errors by 90% thanks to the transparency of blockchain technology.

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ICP project achieved a first by hosting fully onchain AI model

An AI company deployed OpenAIs GPT-2 on the ICP blockchain aiming to test new ways to train, maintain and deploy AI models. 

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Binance Labs says new AI investments will support wave of AI-powered DApps

Binance recently announced investments in decentralized artificial intelligence ecosystems Sahara AI and MyShell. 

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OKX Wallet expands Blinks to EVM-compatible chains

OKX Wallet now supports blockchain links (Blinks) across all EVM-compatible chains, enhancing multichain transactions without switching platforms.

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Nigerian activist receives local support in legal fight to use crypto

This lawsuit comes amid the Nigerian governments increasingly hostile stance toward cryptocurrencies.

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US Senate recommends blockchain for national security tests

The US Senate Committee on Armed Services urges the Department of Defense to explore blockchain for national security applications, including supply chain management.

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Best Crypto Bridges to use in 2024 | Latest Cross Chain Bridges

Web 3.0 is on the rise, and the industry is booming now more than ever. As the market keeps growing...

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Jumper Exchange Review: Is it the Best Cross Chain Bridge?

Jumper Exchange has become my go to tool for anything related to cross chain swapping or bridging. Earlier I started...

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Finance CEO Raoul Pal Says Crypto Will Reach $100 Trillion Market Cap Heres When

Raoul Pal, the co-founder and Chief Executive Officer (CEO) of Real Vision Group, has predicted that the global crypto market will reach a market capitalization of $100 trillion. The financial expert has maintained a strong bullish position for the future of the industry, outlining several reasons why he believes the market will jump 44X from its current market capitalization.  Related Reading: Dogecoin Decimated: $5 Million Liquidation Sparks 14% Price Plunge Crypto Market To Hit $100 Trillion Market Cap  In a recent YouTube interview on the Blockworks Macro channel, Pal predicted that the total market capitalization of the crypto industry could jump from $2.5 trillion to $100 trillion in less than a decade. The financial expert disclosed that if the market maintains a steady growth rate and continues to evolve at a rapid pace, then it could see its market capitalization surging by up to 44X.  In an earlier post on X (formerly Twitter), Pal disclosed that assets like cryptocurrency and technology perform extremely well during secular trends based on adoption. He highlighted that this growth rate was twice the speed of the internets adoption when comparing active wallets and IP addresses.  The analyst has based his $100 trillion crypto market capitalization on the rate of adoption of the crypto industry, highlighting that the increasing number of cryptocurrency users will have a massive impact on the markets value. Additionally, in the interview, Pal advised against taking unnecessary investment risks when engaging in cryptocurrencies.  He disclosed that the goal should be to maximize investment opportunities without getting caught up in tribal or philosophical debates. He emphasized that with the cryptocurrency market potentially reaching a $100 trillion market capitalization, it’s unnecessary to take excessive investment risks. Instead, investors should balance risk and opportunity, utilizing the right portfolio management strategies to effectively capture the majority of the market gains.  Market Liquidity May Continue Into 2025 During the YouTube interview, Pal forecasted that the current market liquidity cycle could extend into 2025. The Real Vision CEO disclosed that since 2008, there has been a notable cyclicality in global liquidity. Diving into the nuances of what he calls The Everything Code, Pal revealed that the current market cycle is significantly driven by the growth of market assets such as stocks, cryptocurrency and technology. He noted that the market was shifting towards a Macro Summer, marked by liquidity growth and often associated with the Banana Zone. According to Pal, the banana zone is a period of significant upward price movements where market indicators turn bullish signaling the start of a new bull run.  Related Reading: Buy The Dip? XRP Whales Doing Exactly That Is A Price Rally Next? The financial expert emphasized that the global liquidity cycle tends to have a predictable pattern which influences economic activities. He highlighted several factors that could also impact the cryptocurrency market cycle including the upcoming US Presidential elections and a potential rate cut by the Federal Reserve. Featured image from Pexels, chart from TradingView

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Hamster Kombat hits 239M users in 81 days Telegrams Durov

Telegram founder Pavel Durov says Hamster Kombats viral success could onboard over 200 million people to blockchain technology.

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Tangem introduces Visa-integrated crypto wallet for secure payments

Self-custodial crypto wallet provider Tangem has developed a new wallet integrating direct payments through Visa.

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Layer 1 vs. Layer 2: What, When, and Where to Use Them

In this article, we discuss everything you need to know about Layer 1 and Layer 2, including their differences and functions within blockchain technology.

The post Layer 1 vs. Layer 2: What, When, and Where to Use Them appeared first on Coindoo.

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Telegram and Helika Gaming unveil $50M gaming accelerator with Notcoin

The accelerator program aims to foster innovation among game developers, leveraging the TON blockchain to enhance Telegrams gaming ecosystem.

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Ethereum at 9: Industry leaders reflect on the ecosystem

As Ethereum celebrates its ninth anniversary, we reflect on its transformative journey and share nine key insights from leading executives.

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Trust Wallet partners with TON for further blockchain adoption

Trust Wallets collaboration with The Open Network aims to leverage Telegrams user base to enhance GameFi and DApps integration, promising seamless TON token transactions.

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What Happened To Californias 2020 Move To Put Health Records On Blockchain?

Back in August 2020, Covid was at its peak. Countries were in lockdown, and people were prevented from visiting many public spaces. Vaccines had been touted by healthcare companies, but the first U.S. vaccine wouldnt be administered until December of that year. Even so, local legislatures and government groups were looking for ways to try […]

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Bitcoin Miner from Wall Street Plans to Double Revenue with New Hydroelectric Data Center

HIVEDigital Technologies Ltd., the Bitcoin miner from Wall Street (Nasdaq: HIVE)announced plans to construct a 100-megawatt BTC mining operation in Paraguay,aiming to double its revenue and significantly boost its hashrate capacity.

Wall Street Bitcoin MinerPlans 100MW Bitcoin Mine in Paraguay, Targets Revenue Boost

TheVancouver-based company, which specializes in green-focused data centers,intends to power the facility using clean energy from the Itaipu hydroelectricdam. This expansion is expected to increase HIVE's global Bitcoin miningcapacity from 5.6 to 12.1 exahash per second (EH/s) within the next year.

"Thisrepresents a significant milestone in our diversified growth strategy," FrankHolmes, HIVE's Executive Chairman, commented. "We are confident that thisventure can deliver healthy returns and drive long-term value, fosteringeconomic growth and innovation in the region."

Theannouncement follows meetings between HIVE executives and Paraguayan PresidentSantiago Peña, during which the company endorsed Paraguay's business-friendlyenvironment. HIVE emphasized that government stability in areas such as energypricing and taxation would be crucial for future expansion considerations.

Last week, Marathon Digital, another Bitcoin miner from Wall Street, also made headlines when it was ordered to pay $138 million to the founder of a competing mining company. Michael Ho from Hut 8 allegedly developed a growth strategy for Marathon but did not receive the appropriate compensation.

Theproposed data center is projected to generate over $100 million in US dollarrevenue for Paraguay's utility company over the next three years. HIVE plans toleverage its experience in grid balancing and demand response to supportindustrial development in the country.

Last year,the company rebranded from HVE Blockchain to Digital to reflect the evolvingnature of its business. In addition to focusing on cryptocurrency mining, thecompany expanded into high-performance computing (HPC) data centers and thegrowing trend of mass adoption of Artificial Intelligence (AI).

HIVE Digital to build data center in Paraguay, targeting higher hash rate https://t.co/231n1xc4a6 pic.twitter.com/wdQfsgtwFh

HIVE Buys 500 Mining Rigs

Luke Rossy,HIVE's Chief Operating Officer, also revealed the acquisition of 500 BitmainS21 Pro Antminers, the latest in mining technology. "These units areexpected to ship this month and are integral to the Company's strategy ofcontinually upgrading its fleet while growing its HODL position," Rossyexplained.

As of July21, 2024, HIVE reported holding 2,521 Bitcoin, up from 2,496 at the end ofJune. With Bitcoin's current market value, this represents over $170 million indigital assets on the company's balance sheet.

Accordingto the latest financial report from the publicly traded miner, the companyachieved an annual revenue of $114.5 million and an adjusted EBITDA of $37.5million in the fiscal year 2024. Over the 12 months ending March 31, 2024, thecompany mined 3,123 Bitcoin and held 2,287 Bitcoin, valued at $161.3 million onits year-end balance sheet.

TheParaguay project remains subject to final agreements, due diligence, boardapproval, and regulatory clearances. HIVE stated that further details will be provided in the near future.

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Join the DAOPEOPLE Revolution with Our Exclusive Invitation Code!

DAOPEOPLE, the next-generation Web3 social network built specifically for the crypto world, has been downloaded by over 100,000 users! Download it now.

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