• Team Sygnum

Discover the top news in crypto for the week!



This week, we highlight the top predictions for crypto in the coming year while reinforcing the impact of decentralisation and the Metaverse. At the same time, more governments are embracing digital assets while crypto mining sees more green solutions. Find out the top 5 crypto news of this week.

 

Digital Nugget: Factors behind crypto returns - an introduction to sentiment scores

Last week, we approached the many drivers moving crypto markets. This week, we are outlining an approach to sentiment scores, one of the indicators that can help analyse market directions.

Factors as momentum, market pulse, correlations, options skew, alpha opportunities, and on-chain activity go into achieving an overall sentiment score.

From our analysis, the current market snapshot is mostly positive, especially on the alpha opportunities indicator. Learn more about sentiment scores from our latest article. Read more

 

Digital dress codes: What will we wear in the Metaverse?

How will the Metaverse impact your digital persona? Fashion already plays a big part in people’s lives, evolving to define many online identities, and now it is going one step further to the Metaverse.

The annual ‘State of Fashion’ report by McKinsey and The Business of Fashion covers how tokenization will impact the sector.

Sports and luxury brands like Louis Vuitton, Ralph Lauren, and Nike have already developed NFT collections and applied tokenization to their business. Read more

 

Battle of the Metaverses and a billion-dollar hack — 13 expert predictions of what’s next for crypto in 2022

Business Insider gathered Fintech and crypto experts to discover the predictions for next year in the crypto industry, ranging from the rise of the Metaverse to the growth of crypto markets.

Some experts believe that Ethereum may surpass Bitcoin’s growth rate due to its transition to a Proof-of-Stake (PoS) consensus under ETH 2.0, while crypto markets may reach $7.5 trillion.

The rise of the Metaverse is a prediction shared by the crypto community, while some go further to predict that companies could set up virtual world headquarters. Read more

 

90 percent of all 21 million bitcoin have now been mined

Bitcoin is becoming more scarce and more difficult to mine as new data from the Clark Moody Bitcoin Dashboard reveal that 90 percent of its total supply is already here.

Bitcoin’s 21 million coins cap increases its value and difficulty to acquire more coins due to its scarcity.

Recent research reveals that over 70 percent of the Bitcoin supply is in the hands of illiquid entities, while only 10 percent of the total Bitcoin supply is left to mine in the future. Read more

 

This is what banking will look like in ten years

How will blockchain technology and crypto affect banking? For The Next Web, banking will be influenced by crypto going mainstream and the use-cases of blockchain technology.

Blockchain can improve the banking business model, while tokenization will open a new range of opportunities for institutions and retail investors.

These opportunities can range from new governmental-backed stablecoins to tokenizing digital bonds and saving in costs while increasing the efficiency of processes. Read more



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