ZUG, Switzerland, April 18, 2024 /PRNewswire/ — With the fourth block reward halving around the corner for BTC and BSV, there will be increased focus from miners regarding the scaling potential of blockchain technology, with a focus on revenue, cost efficiencies, and sustainability.

While BTC faces challenges around block size limits, wallet / exchange congestion, and reduced block rewards, BSV is rolling out a future-proof strategy, dedicated to meeting industry demands, via nano transaction fees, big blocks, and unbounded scale.

The BSV Association’s R&D team recently announced its ground-breaking protocol update, Teranode, features greater network efficiency and speed, pushing transaction volume to 1,100,000 per second / 86,000,000,000 transactions in 24 hours. This demonstrates BSV’s commitment to delivering a scalable blockchain with faster, inexpensive, and secure transactions.

By shifting the focus from block rewards to transaction fees as the primary incentive for miners, BSV offers a sustainable revenue stream without imposing high costs and data caps.

Industry experts such as Siggi Óskarsson, Teranode Director at BSV Association, and Kurt Wuckert Jr., Co-Founder of the mining company Gorilla Pool, believe that BSV Teranode’s unbounded scaling potential can transform today’s blockchain economy and digital futures.

The Blockchain Index from the BSV Association highlights the differences between scalability, transaction fees, block size, eco-friendliness, security, and stability across leading blockchain platforms (BSV, BTC, ETH, and SLN).

Key Blockchain Index highlights:

• The cost per transaction on BSV significantly undercuts that of eBay, which charges its UK private sellers 12.8% of the total sale amount of 30 per order.
• A single Teranode Block (71GB) is equivalent to the data (70GB) lost by the Walmart-owned retailer Bonobos during a high-profile cyber-attack.

Please let us know if you require further information or wish to speak to one of our experts; we would be happy to arrange this for you.

About BSV Blockchain:

One Blockchain for Everyone.

The BSV Association leads the BSV blockchain for Enterprise and Blockchain for Government initiatives. This Switzerland-based global non-profit industry organisation supports the use of the BSV blockchain.

The BSV Association oversees the creation of technical standards and educates enterprises, government agencies, start-up ventures, developers, and users on creating a global blockchain ecosystem. The original Bitcoin protocol and it’s scripting language provide powerful technical capabilities that BSV has restored.

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DUBAI, UAE, April 18, 2024 /PRNewswire/ — Bybit, one of the world’s top three crypto exchanges by volume, partnered with Treehouse, the industry-leading research institute that offers professional insights into digital assets, and co-launched its 2024 Institutional Industry Report. It provides an extensive analysis of the current state of crypto adoption worldwide, examining how it compares to traditional finance (TradFi).

During the period from October 2023 to March 2024, the crypto sector experienced a significant surge in value, with its market cap increasing from slightly above $1 trillion to over $2.5 trillion by the end of March. This upward trajectory reflects growing investor confidence and a substantial influx of capital into the crypto ecosystem.

Delving deeper into the findings, the report reveals bullish trends in the derivatives market, along with indications of increasingly aggressive on-chain activities for BTC and ETH. It also explores institutions’ investment behaviors through on-chain metrics and highlights growing interest in AI and BTC ecosystem projects.

Additionally, the report investigates the potential long-term impacts of ETFs and offers insights into what can be expected from the upcoming bitcoin halving event, as well as key themes highlighted for a 2024 bull run which is beginning to show early signs of upticking.

Institutional Focus Areas: Key Highlights

1. Derivatives market becoming increasingly bullish

Examining the long-term call-put skews over the 30 days in March 2024 reveals a notably bullish sentiment despite the relatively sideways movement in the market during March, with both BTC and ETH generally exhibiting a large call premium.

This trend suggests that investors maintain a generally bullish outlook on the long-term price potential of these two crypto majors toward the end of the year.

2. Bitcoin as the perfect TradFi hedge

Both BTC and ETH’s correlations with traditional indices, equity, or fixed income, remain below 3% in all instances. Of particular note, BTC specifically demonstrates negative correlations of returns with major equity indices, indicating its potential role as a diversification hedge for equity-focused portfolios.

With a modest 5% allocation into BTC and ETH (equally weighted), the S&P 500’s Sharpe ratio can be increased from 2.20 to 3.15, representing a 43.6% increase. This effect becomes more pronounced as investors willingly take on additional risks and allocate more capital to their crypto portfolios.                                                        

3. Renewed Interest toward challenger chains   

Since the beginning of Q4 2023, native tokens of challenger chains have experienced significant performance as compared to ETH. For example, SOL emerged as the top performer among these challenger tokens, continuing the trend observed in 2021 as the biggest challenger chain by TVL and transaction volume. 

4. Boosting funding: infrastructure, gaming, and AI projects

Venture Capital (VC) funding in the crypto industry has seen a significant resurge. In Q4 2023, VC deal counts rose by 21% to reach 174 deals, with disclosed funding reaching $1.42 billion, a 29% increase. In Q1 2024, there were 243 deals with disclosed funding totaling $1.94 billion, representing a further 36% increase compared to Q4 2023.

Infrastructure projects remain the primary focus of VC investments, attracting substantial capital to support the foundational elements of the blockchain ecosystem. These projects span various sectors, including hardware wallets and blockchain data providers, offering crucial solutions to address industry challenges and drive innovation.

As the traditional market integrates with crypto, it presents constant challenges for TradFi participants and newcomers to navigate through the heightened complexities. Staying informed is crucial to stay ahead in this evolving landscape.

To read the full report, visit: https://learn.bybit.com/crypto-insights/bybit-institutional-x-treehouse-crypto-landscape-in-q1-2024-analysis-narratives/ 

#Bybit / #TheCryptoArk

About Bybit

Bybit is one of the world’s top three crypto exchanges by volume with over 25 million users. Established in 2018, Bybit offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.
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VICTORIA, Seychelles, April 18, 2024 /PRNewswire/ — In the first quarter of 2024, KuCoin, a leading global cryptocurrency exchange, reported significant growth across multiple dimensions of its operations. The exchange saw a notable surge in spot trading volume by 121.85% with the MENA region, in particular, demonstrating the highest growth by 263.91%. This period also highlighted a substantial increase in pre-market trading volume to 23.12 million, marking a 68% rise from the previous quarter, and the number of unique users grew by 47% to over 13,500.

KuCoin’s commitment to enhancing user experience and expanding its services continued to yield positive outcomes. Over the quarter, the exchange added 73 new assets, bringing the total to 892 tradable digital assets. Additionally, KuCoin’s innovative trading solutions like the KuCoin Trading Bots saw over 1.3 million new setups, indicating robust user confidence and engagement. Further cementing its market position, KuCoin launched its educational program and CSR initiatives ‘KuCoin Campus” to ensure users are well-informed and equipped to navigate the evolving crypto landscape.

Read the full blog here [https://www.kucoin.com/blog/kucoin-sees-robust-q1-growth-spot-trading-volume-jumps-mena-leads-with-significant-surge].

About KuCoin

Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 800 digital assets and currently provides Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 30 million users in more than 200 countries and regions. In 2023, KuCoin was named one of the Best Crypto Exchanges by Forbes and recognized as a highly commended global exchange in Finder’s 2023 Global Cryptocurrency Trading Platform Awards. Learn more at https://www.kucoin.com/.

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