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  • #41
    News of the cryptocurrency market:




    In a letter to investors released on July 29, Pantera Capital CEO Dan Morehead noted that the United States has printed a shocking amount of money to combat the pandemic-induced financial crisis.

    “The United States printed more money in June than in the first two centuries after its founding,” Morehead wrote. “Last month the U.S. budget deficit — $864 billion — was larger than the total debt incurred from 1776 through the end of 1979.” Morehead made it clear that Pantera Capital sees Bitcoin as the solution for the current crisis. He also contrasted the effects of money printing in recent months, to how the equivalent amount of currency had performed across centuries.




    Despite early hype, real estate tokenization has failed to garner significant momentum, leading some to question its future viability.

    As the initial coin offering (ICO) boom subsided and the 2018 crypto bear trend began to set in, many analysts predicted that security tokens may drive the next market cycle — with the vast capital locked in the real estate sector being eyed hungrily for tokenization. However, with the Bitcoin halving, Ethereum 2.0, and the emergence of DeFi capturing the imagination of crypto markets recently, real estate tokenization is no longer the flavor of the month, and some are questioning its viability.




    US GDP dropped a mammoth 32.9% in Q2, sharply contrasting with a cryptocurrency market that grew over the same timeframe.

    The gross domestic product of the United States just had its worst quarter-to-quarter drop in history. But the economic slump hasn’t had an adverse effect on Bitcoin crypto. According to the US Department of Commerce’s Q2 report, US GDP fell 32.9% in Q2, the worst quarter-to-quarter change in the country’s history. The second worst plunge came in 1921, when GDP fell some 28%. For comparison, the most drastic hit to GDP during The Great Recession was in the ballpark of 8%.


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    • #42
      News of the cryptocurrency market:




      Travala.com now offers a total of 3 million accommodation options users can book with cryptocurrency.

      Online travel booking platform Travala.com has added one million new homes across 195 countries to its site with the release of a designated home bookings section called ‘Homes’. Holiday homes and apartments can be booked with over 30 different cryptocurrencies including Bitcoin (BTC), Ether (ETH), Binance Coin (BNB), and Travala.com’s native coin AVA.




      ShareRing has launched an anonymous e-passport app with contact tracing in an effort to revive the $9 trillion global tourism industry.

      Enterprise-focused blockchain company ShareRing has launched a blockchain based contact tracing solution it will offer to 2.6 million hotel and activity providers that currently use one of the company’s services. The anonymous e-passport app hopes to solve the privacy issues facing similar tracing apps. ShareRing’s app, which focuses on tourism’s $9 trillion tourism industry, allows users to upload important documentation, such as e-visa on arrival (eVOA), passport information, travel insurance, flight and accommodation bookings and a negative COVID-19 test result.




      Bloomberg finds Ethreum’s bull run to be speculative while contending that Bitcoin’s appreciation is driven by fundamentals.

      The report points out that Ethereum faces “plenty of competition from similar crypto platforms and about 6,000 tradable coins.” On the other hand, Bloomberg has remained consistently bullish about Bitcoin, noting its gold-like qualities and increased institutional demand. The success of the DeFi space has led to the appreciation of Ether, with some comparing it to the ICO boom. As more smart contract platforms mature, competition will only get tougher. When it comes to the world of professional investors, Ether does not have a clear selling point like Bitcoin’s limited supply.


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      • #43
        News of the cryptocurrency market:




        The Chinese academic sector is “seriously lagging” in terms of keeping up with demand for blockchain specialists.

        As the blockchain industry keeps expanding across China, there are concerns that the academic sector is failing to keep up with demand for comprehensive, undergraduate, blockchain-related educational programs. The head of the Digital Economy Development Research Center at the Beijing-based Communication University of China, Sun Daojun, said the first batch of “blockchain graduates” will start courses later this year and complete their studies in 2024.




        The Cannabinoid Association of the Netherlands has unveiled a blockchain-based CBD tracker for customers to trace a product’s journey from seed-to-sale.

        Cannabidiol users concerned about the quality of their product in the EU can now trace the plant’s journey from when it was first planted in the fields to when it was sold in retail stores. An Aug. 6 statement from the Cannabinoid Association of the Netherlands (CAN) revealed it would make a blockchain tool — CanCheck — free for consumers to track cannabidiol (CBD) products in the EU online. HempFlax, one of the group’s founding members, and Europe’s largest independent grower and processor of industrial hemp, will be one of the first to offer traceable CAN products.




        A new analysis suggests the token supplies for most DeFi projects are not widely distributed, with up to 99% held by the top 500 addresses.

        Token supplies for most decentralized finance (DeFi) projects are not widely distributed according to an analysis by the co-founder of DeFi Italy and Head of CryptoLab’s Digital Assets Investments Simone Conti. He compiled data from Defi Pulse and Etherscan that suggests that 90% of tokens for almost all DeFi projects are held by the top 500 addresses. For three of the projects, that figure rises to 99%.


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