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The bank predicts the private equity market to become the most “tokenized” asset class because it is more liquid and can be fractionalized. Investment bank Citi is betting on the blockchain-based tokenization of real-world assets to become the next “killer use case” in crypto, with the firm forecasting the market to reach between $4 trillion to $5 trillion by 2030. That would mark an 80-fold increase from the current value of real-world assets locked on blockchains, Citi explained in its “Money, Tokens and Games” March report. “We forecast $4 trillion to $5 trillion of tokenized digital securities and $1 trillion of distributed ledger technology (DLT)-based trade finance volumes by 2030,” the firm's analysts said. Of the up to $5 trillion tokenized, the bank estimates $1.9 trillion will come in the form of debt, $1.5 trillion from real estate, $0.7 trillion from private equity and venture capital and between $0.5-1 trillion from securities. Blockchain-based tokenization total

Shiba Inu (SHIB) is yet to launch the mainnet of its layer-2 network, Shibarium. However, the beta testnet for the upcoming network is seeing a lot of growth and adoption. In a recent tweet, SHIB influencer Lucie shared that Puppyscan.io, a blockchain explorer built on Shibarium, has crossed 100k wallet addresses. Congratulation! https://t.co/DzdCVKZg7U crossed 100k wallets!!! #Shibarium x $BONE it will be wild pic.twitter.com/SvkWZZgSHx — 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) March 30, 2023 On the day of launch, Puppynet had only 713 transactions. On March 27, there were 41,688 transactions, while on March 28th, there were 144,458 transactions. However, the number of transactions plummeted dramatically to 3,118 on March 29th. Nonetheless, the number of wallet addresses has continued to increase. At press time, there were 101,666 wallet addresses for Shiba Inu’s Shibarium-based Puppyscan. Moreover, the beta testnet had processed over 195k transactions in 157,950 blocks, with an average block t

In March mining stocks increased at a slower pace compared to BTC, amid macroeconomic uncertainty and increasing competition among Bitcoin miners. Bitcoin mining stocks had a dull performance in March, with small moves here and there that followed BTC's price movement. While it is encouraging to see that most stocks held onto their impressive January gains, Bitcoin's price action will be crucial for the short-to-medium-term performance of these stocks. Additionally, the expansion of the public Bitcoin mining sector in the U.S. continues as American miners reported one of the biggest ASIC imports in January 2023. The delivery of new machines and an increase in the BTC price led to a surge in the network's hashrate to new all-time highs. Miners' incomes, however, are subdued by the rising network difficulty. Mining stocks are in wait-and-see mode Despite Bitcoin’s recent 18% rally, subdued performances of most mining stocks can be attributed to the uncertainty around the

Join Our Telegram channel to stay up to date on breaking news coverage Ethereum price has been awakened by the latest announcement from the Ethereum Foundation, confirming the Shanghai upgrade, expected in April. This could mark another bullish week for the second-largest cryptocurrency as it makes the ultimate attempt to break above resistance at $2,000. The Ethereum Shanghai Upgrade To Go Live On April 12 The Ethereum Foundation has confirmed to the community that the largest smart contract platform will finally unlock the full potential of the proof-of-stake (PoS) consensus mechanism on April 12. “Withdrawals are coming! The Shapella network upgrade will activate on the Ethereum network at epoch 194048, scheduled for 22:27:35 UTC on Apr. 12, 2023,” the Ethereum Foundation said via a blog post on Tuesday evening. Shapella is a name recently coined to replace Shanghai because it combines changes recently applied to Shanghai, the hard fork’s execution layer, and Capella, the

According to a recent report by CryptoQuant, 61% of all Bitcoin (BTC) is controlled by large players. To find the results, CryptoQuant analysts looked at the UTXO Value Bands. This indicator depicted the distribution of all unspent transaction outputs by their value. As per the report, Dolphins and Sharks control 29.57% of the market. Dolphins and Sharks are mid-sized players with 100-500 BTC and 500 to 1000 BTC respectively. On the other hand, Whales, Humpbacks, and Megawhales control 31.57% of the market. Whales, Humpbacks and Megawhales are players with 1,000 to 5,000 BTC, and 5,000 to 10,000 BTC respectively. Source: azcoinnews Together, these entities control 61.14% of the market. Therefore, the market is very sensitive to the movements made by these players. When these entities buy or sell big numbers of Bitcoins (BTC), it creates significant price fluctuations. Do Bitcoin retail investors stand a chance? Long answer short, yes, retail investors still have a chanc

Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price prediction shows that BTC may continue to fall if the price slide below the 21-day moving average. Bitcoin Prediction Statistics Data: Bitcoin price now – $27,190 Bitcoin market cap – $522.5 billion Bitcoin circulating supply – 19.3 million Bitcoin total supply – 19.3 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $33,000, $35,000, $37,000 Support Levels: $23,000, $21,000, $19,000 BTC/USD begins the day with the opening price of $28,097 but after touching the daily high of $28,129, the king coin begins to bleed as the market price crosses below the support level of $27,000 to hit the daily low at $26,670. Bitcoin Price Prediction: Will Bitcoin Price Drop More? Looking at the daily chart, the Bitcoin price is likely to break below the 21-day moving average, which could increase the selling pressure. At th

Blockchain gaming is moving fast, are you up-to-speed? Cointelegraph Research’s latest report reviews 20 games of today, and a few to be looking out for tomorrow. Where gaming and finance meet in Web3 has been termed GameFi, and it has been growing by leaps and bounds over the past few years. There are even several data analytical resources to try and figure out what are the hottest blockchain and Web3 games currently available. Cointelegraph Research dove into this topic head on and developed a top 20 games report. The report goes over some of the differences between Web2 and Web3 gaming and some of the evolution in GameFi. Discussing play-to-earn and play-to-own, as well as providing some “insider insights” from C-suite executives in the industry, this report gives an overview of the current status of GameFi and potentially where it is moving to next. Download this report on the Cointelegraph Research Terminal. In addition to an overview of 20 games, there is also a section on some

Venture capitalist Balaji Srinivasan says hyperinflation is happening now, and is making million-dollar bets that the price of bitcoin will reach $1M in 90 days. In related news, myriad voices from the world of finance are sounding off about inflation, recession, and a brewing economic crisis. In spite of the economic turmoil, however, Federal Reserve chair Jerome Powell doesn’t envision the Fed cutting interest rates this year. This and more just below in the Bitcoin.com News Week in Review. Balaji Srinivasan Says Hyperinflation Happening Now — Makes Million-Dollar Bets on Bitcoin Price Exceeding $1M in 90 Days Venture capitalist and angel investor Balaji Srinivasan says hyperinflation is happening now. Expecting the price of bitcoin to soon hit $1 million, he is making million-dollar bets that it will happen in 90 days. Srinivasan also advised investors to buy bitcoin, which he believes to be “a hedge against hyperinflation, monetary debasement, bank freezes, and wealth seizure.”

Despite global bank turmoil and regulatory crackdowns, traditional and decentralized finance (DeFi) are continuing to blend. Take, for example, the recent issues that Circle-issued USD Coin (USDC) faced when it depegged from the U.S. dollar following Silicon Valley Bank’s collapse. Two weeks later, Mastercard boldly integrated the stablecoin into its infrastructure in the Asia-Pacific region, allowing users to spend USDC through its network. It’s happening, folks! And let’s not forget about Bitcoin (BTC) — that digital gold is still on the rise and decoupling from Wall Street, once again proving its value proposition and prompting calls for a hedge against equity markets in the long run. This week’s Crypto Biz documents the latest developments on worldwide crypto adoption, and how banking system fears impact the crypto space. Banks turmoil and regulatory crackdowns happening worldwide have not slowed down the ongoing blending of traditional and decentralized finance (DeFi). The on-ram

The Bitcoin price prediction indicates sideways movement as the coin fails to head toward the upper boundary of the channel. Bitcoin Prediction Statistics Data: Bitcoin price now – $28,079 Bitcoin market cap – $540.3 billion Bitcoin circulating supply – 19.3 million Bitcoin total supply – 19.3 million Bitcoin coinmarketcap ranking – #1 BTC/USD Long-term Trend: Bullish (Daily Chart) Key levels: Resistance Levels: $35,000, $36,000, $37,000 Support Levels: $22,000, $23,000, $24,000 BTC/USD is hovering at $28,079 but the king coin has not been able to reclaim the resistance level of $29,000 as the coin consolidates above the 9-day and 21-day moving averages. At the moment, the Bitcoin price may begin to follow the sideways movement, but the daily chart shows that the formation of a bullish movement is likely to play out. Bitcoin Price Prediction: BTC Price May Consolidates to the Upside As the Bitcoin price moves toward the east, it is likely to rise and face the upper bound

The collection crypto currency market slumped after FOMC data. Most assets were witnessing a significant drop in their value. Thanks to the Securities and Exchange Commission [SEC] intervention, assets like Tron [TRX] and XRP were seen enduring a significant dip. However, two digital assets managed to defy market sentiment and rallied positively. Richard Heart’s Hex [ HEX ] is one of them while Litecoin [LTC] followed right after. According to recent data, HEX was bagging double-digit gains. At press time, the altcoin was trading for $0.1225 with a 16.95% daily surge. The asset rose all the way up from a low of $0.09908, earlier today. Additionally, the daily trading volume of HEX was up by an astounding 230%. Source – HEX/USDT Chart on TradingView The above chart points out how the altcoin managed to break past two significant levels of resistance. First, HEX pushed beyond $0.0775 and then earlier today, it rose above $0.0951 as well. This upswing can be attributed to th