tokow38591
The Cryptonomist had the pleasure of interviewing the former CEO of OKX, now Global COO at CIFDAQ.
Bitcoin recently crossed the $100,000 mark for the first time, having skyrocketed nearly 140% this year. This surge has generated excitement, especially with the anticipation that President-elect Donald Trump will support cryptocurrencies. Trump has expressed his goal to make America the “crypto capital of the planet” and even proposed creating a national stockpile of Bitcoin.
CIFDAQ’s plans to tap into the Indian and South Asian markets come at a time when the blockchain industry in the region is skyrocketing. A white paper presented at the ‘Entrepreneur Web3 Summit‘ in Bengaluru, India projects a 47.3% compound annual growth rate (CAGR) for the Indian blockchain sector, which is expected to expand from $0.28 billion in 2019 to $4.3 billion by 2025.
Web3 startups have raised over $5.4 billion in venture capital during the first three quarters of 2024. This figure reflects a significant investment trend, with $1.4 billion raised in the third quarter alone.
Investors are increasingly targeting emerging markets at the intersection of blockchain and artificial intelligence (AI). Projects focused on decentralized blockchain infrastructure have also recently attracted substantial capital flow.
Bitcoin, the world’s biggest cryptocurrency, has become one of the most eye-catching movers in the week since the US presidential election, crossing the $90,000 mark.
On November 14, Bitcoin recorded a surge of 21.05% over the last seven days. It was trading at $90,617.33 and had a market cap of $1.79 trillion at the time the article was being written.
Dogecoin has seen incredible price swings over the years. Check out its price history and see how this meme coin became a serious player in the digital asset space!
The BTC/ETH ratio has historically followed BTC's price movements with more volatility, but recent data indicates a decline, suggesting a potential decoupling.
Institutional interest has been more focused on BTC, with Bitcoin ETF assets significantly outpacing those of Ethereum, which might contribute to ETH's relative underperformance.
