CRYPTO HOT NEWS 26/09/2022
1M Aussies will enter crypto over the next 12 months — Swyftx survey
Approximately one million Australians will purchase cryptocurrency for the first time over the next 12 months — bringing total crypto ownership in the country to over five million — according to a newly released survey. Despite that the current “Crypto Winter”, Australian crypto ownership has grown 4% year-on-year.This figure is set to increase by another one million new crypto owners in 2023.
Reversible transactions could mitigate crypto theft — Researchers
Stanford University researchers have come up with a prototype for “reversible transactions” on Ethereum, arguing it could be a solution to reduce the impact of crypto theft. The proposal puts forward an “opt-in” token standard that would enable victims to report theft to a governance contract, with algorithms helping to identify and freeze ill-gotten gains.
NFT ecosystem attempts a bounce back amid bearish market sentiment
The number of NFT holders grew 32.24% over the past three months. (NFTs) gave the crypto ecosystem the boost it needed to grab mainstream attention — owing to the involvement of prominent artists and celebrities. Despite the enormous losses by ongoing 10-month-long bear market, however, the ecosystem showed sustainable signs of a comeback in the last two weeks. The trading price of NFTs, spiked nearly 16.5% at roughly 11.25 million ETH.
Pantera Capital’s CEO suggests blockchain growth will continue despite economic turmoil
Despite the economic landscape may seem dire at the moment, but it’s unlikely to affect blockchain development. During the first half of this year, Pantera Capital raised about $1.3 billion in capital for its blockchain fund, with a special emphasis on scalability, DeFi and gaming projects. Gaming is coming online now and have a couple hundred million people using blockchain.
China accounts for 84% of all blockchain patent applications, but there’s a catch
President Xi Jinping has called upon citizens, tech companies and stakeholders of the ecosystem to actively participate and innovate with the nascent tech as it would play a key role in the future of the next industrial revolution. The country has actively promoted the use of blockchain tech over the years, and thus the high percentage of blockchain patents isn’t surprising.
Source: Cointelegraph
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