A new study from Fortune Business Insights, a company offering market studies and consulting services, estimates the blockchain technology market will reach $21 Billion by 2025, according to GlobeNewswire’s report on May 12. It stated that: “The blockchain technology market size stood at USD 1.64 billion in 2017, and is projected to reach USD 21.07 billion by the end of 2025 [...] exhibiting a CAGR of 38.4% during 2018-2025.” Reasons behind the expansion The main reason for the growth of the global blockchain technology market, according to the Fortune Business Insights report, is that more enterprises worldwide are increasing their …

Open communication on the downsides, benefits, and educational programs could help to increase trust in cryptos and create a positive outlook towards technologies such as blockchain. Those were the findings in Edelman’s study published on May 12. The global communications firm concluded that the more people know about crypto, the more they see the potential for the positive impact they can have. The report says that 35% of people surveyed believe that blockchain and cryptocurrencies like Bitcoin (BTC) could have a positive effect as emerging technologies. Widespread lack of communication? Speaking with Cointelegraph, Javier Pastor, chief sales officer for Spain-based …

Digital lender, Capital on Tap, released figures that reveal Blockchain-related jobs offer the highest-paying salaries among all disruptive technology businesses in the UK. According to the UK-based firm, Blockchain has an average annual salary of GBP 75,000 (around $93041 USD). They also showed that the industry provides 544 permanent jobs throughout the country. The study highlights that disruptive technology is becoming an emerging force that is adhering to all industries, from virtual reality to 3D printing. United States still leads across the world The report highlights that the United States takes the crown with the highest number of businesses across …

As the world is still reeling from the effects of the coronavirus pandemic, people everywhere are doing what they can to support the effort to find vaccines and treatments. Not to be left out, blockchain projects everywhere have rallied together to supply computing power and money in a concerted effort to accelerate research. What it takes to fight this virus It shouldn’t be surprising to hear that researching treatments, tending to patients and supplying resources are all expensive work. With the added burden of a global pandemic that is threatening the economy, supply chains and the workforce, donating extra resources …

Europeans are getting more confident about the future of the cryptocurrency industry amid the coronavirus pandemic, according to a new report. People in Europe are becoming more optimistic about the Blockchain space. In 2020, more Europeans believe that crypto will exist in 10 years than ever before, bitFLyer exchange reported on April 29. Amount of crypto believers in Europe edges up 3% in 2020 According to a new survey by bitFLyer, the number of Europeans who believe that crypto will still exist in 10 years has edged up from 63% in 2019 to 66% in 2020. The survey is part …

A recent report from Binance Research claimed Facebook's Libra is as disruptive for the payments industry as SpaceX was for interstellar travel — but why? When it entered the rocket sector, SpaceX found an industry laden with high entry barriers and largely dominated by public market players, a Binance Research representative told Cointelegraph in an email. Therefore, the industry also yielded "little movement, as there were hardly any incentives to innovate beyond incrementally improving the product," the rep said. "The same is true for the current payments landscape." Borders limit the current payment systems In a recent in-depth report on …

Binance Research dove into Libra's most recent whitepaper, surfacing with a lenghty report, in part claiming Facebook's proposed asset could significantly alter the payments world. "Libra’s envisioned global payment system could do to the payment industry what SpaceX did to the space industry: shake the foundations of a well-established sector with high entry barriers," the April 22 report said, adding: "The mere advantage of issuing widely-available programmable money would already initiate manifold efficiency gains." Libra's outlook after a year of regulatory pushback After releasing its initial whitepaper in June 2019, regulating bodies quickly flooded in, putting a halt on the …

Economic Data Science Theme researcher, Andrea Baronchelli, told Cointelegraph more research on the topic of crypto code / price correlation may be on the horizon following the recent release of her team's preprint report. "This is really the first step," Baronchelli said of the recent preprint report, titled, From code to market: Network of developers and correlated returns of cryptocurrencies. "We plan to look at what happens when multiple developers work on the same two projects, and at the semantics of the edits they make," he noted, adding: "Our analysis has concerned pairs of cryptos so far but we plan …

The COVID-19 pandemic has sparked unexpected and revealing patterns among cryptocurrency traders, according to new research. In their paper entitled “How Crisis affects Crypto: Coronavirus as a Test Case,” posted to the Oxford University Faculty of Law blog on April 17, Hadar Y. Jabotinsky And Roee Sarel observed that the crypto markets took a pronounced U-turn midway through the crisis. Analyzing the period of Jan. 1–March 11, the researchers found that initially, both spot market prices and overall trading volume increased as the number of identified COVID-19 cases rose. This positive correlation then reversed and investors began pulling their cash …

Amid the global COVID-19 pandemic and concerns over ongoing quarantines and rising unemployment, more and more people around the world are apparently turning to crypto, Russia being no exception. According to data by cybersecurity firm Qrator Labs, people in Russia have become increasingly engaged with crypto exchange services amid the ongoing coronavirus outbreak. Crypto exchange-related traffic surges 5.56% in Russia Specifically, traffic on crypto exchanges in Russia surged 5.56% in the last week of March 2020 in comparison to February averages, a study by Qrator Labs reportedly said. Citing data from the study, Russia’s news agency RBC reported on the …

Despite recent advances in academic research into the blockchain for everything from central bank digital currencies to pacemakers, universities and governments lag in their willingness to fund basic research in the sector. While researchers are getting creative when presenting their work to traditional institutions, the situation is holding up research. Output under current restrictions Recent pre-print research on Bitcoin’s Lightning Network drew wide attention in the crypto sphere, largely thanks to its underlying allegation that the network is a way of centralizing the network. As attractive as such a controversial study is, it is not alone. Research into crypto topics …

As cryptocurrency markets are highly volatile, crypto players can’t stop arguing about what really impacts the price of certain coins and what does not. Some crypto pundits believe a larger amount of tokens staked in Proof-of-Stake (PoS) blockchains could push the price upwards by reducing the circulating supply, making the remaining tokens more valuable. But blockchain and crypto analytics firm Messari has crunched the numbers and reports that there is little correlation between the two. Announcements correlate with price though In an April 1 blog post, Wilson Withiam, a researcher at the Messari analytics team, provided an analysis of 21 …