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Crypto Market Update: Bitcoin Falls as Ethereum Gas Fees Hit Record Lows

Bitcoin price drops for a second day as institutional demand for stablecoins cools. A holder, in particular, burnt nearly $90,000 in ethereum fees to perform a transaction that cost less than $2, all this having come at a time when eth’s gas fees tumbled to lows last seen in 2016. At the same time, the American authorities have declined to set a date on the listing of the Hashdex Nasdaq Crypto Index exchange-traded fund (ETF). Bitcoin price drops below $59,000 as institutions stop buying stablecoins Large investors have stopped purchasing stablecoins for the last two days thus making Bitcoin to be below a vital psychological price. Over the past day, the Bitcoin BTC price fell 3. down from $62,510 touched earlier in the week, BTC/USD was trading 9% lower at $58,930 as of 08:03 am UTC on Aug 12. BTC/USD, 1-month chart. Source: Cointelegraph The drop below the $60,000 mark was likely caused by institutions stopping their stablecoin buying frenzy, according to an Aug. 12 X post from onchain analytics platform Lookonchain:The drop below the $60,000 mark was likely caused by institutions stopping their stablecoin buying frenzy, according to an Aug. 12 X post from onchain analytics platform Lookonchain: TO READ FULL ARTICLE: CLICK HERE The post Crypto Market Update: Bitcoin Falls as Ethereum Gas Fees Hit Record Lows appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

Crypto Industry Sees Women Earning Higher Median Salaries Than Men

But according to a survey that was conducted recently, the ladies in crypto earn 13.9% more than men on a median salary basis which has sparked what is referred to as the ‘reversed’ gender wage gap. Full-time working women in the crypto industry in the United States earned a median of $172,000 compared to men, who earned $150,000, a compensation study by Pantera Research Lab showed. “Thus, based on the information obtained, it can be concluded that, for example, the gender wage differentials among crypto employees are quite the opposite to what experts are used to,” Pantera’s researchers Matt Stephenson, Ally Zach, and Nick Zurck noted in their update on July 29. Women at non-crypto companies primarily only make $0. Down to $0.84 for every dollar the men make, the researchers at the venture capital firm specializing in digital assets added. “The wages in crypto are not too low and not too high, which indicates that there is a shift towards better gender equality in this still rather young industry. ” Median base salaries between male and female employees. Source: Pantera Research Pantera gathered the data from 502 full-time employees in the United States from June 4 to July 20 of the year 2024. The online questionnaire was distributed through professional sites like linked in, x, through newsletters and e-mails. The higher salaries for women may partly be due to women having more work experience at crypto companies where the median time frame is 5 years. Three years as opposed to four. 5 years for men. TO READ FULL ARTICLE: CLICK HERE The post Crypto Industry Sees Women Earning Higher Median Salaries Than Men appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

Ethereum’s Layer 2 Boom: A Blessing and a Challenge for the Crypto World

Another significant discussion in crypto in the year 2024 regards the numbers of L2 blockchain solutions developed on the Ethereum protocol. Some of the famous NFT projects like Pudgy Penguins, Bored Ape Yacht Club, and Azuki have already declared their independencies on L2 — let alone a plethora of more conventional businesses like Fox Corporations and even Flipkart. This increase in L2s has been narrowed down as fake since many people consider it as hype. However, that being said, it might not be too far fetched to assume that within the upcoming year we might be struggling with thousands of L2s. This will be good for the ETH of ethereum successing ecosystem. By way of background: Ethereum, or rather the Ethereum network Space, is an L1 blockchain. This is a common issue with Ethereum, where decentralisation and security are important aspects, however, it is not very scalable – which is the well-known blockchain trilemma of wishing for two of decentralisation, security and scalability but cannot get all three. Thus, the Ethereum network becomes less scalable, and executions on it are awfully expensive. Thus, L2s compensated this; they are also referred to as rollup chains or safemasks. Although they mainly process transactions off the Ethereum network at a cheaper cost, by clustering them and then submitting the clusters to the Ethereum network. How layer-2 rollups work. Source: Makeuseof.com However, this model is accompanied by two mainissues. The first one is fragmentation of the Ethereum community. Liquidity of the market is split between L2s and for users this is just frustrating. Users have tokens on individual blockchains and have to transfer them across to other channels and “intermediate.” Moreover, bridges and everything on one network ‘wrapped’ into another have been a critical point of attack in the past few years. The second issue is the variability and uncertainty of these L2s’ transaction costs, which is very bad for the emergence of numerous applications. This is not good for those who need to perform instant transactions sometimes; one day, it can cost one cent to do an operation, and the next day, that price can be ten or a hundred times higher just because some meme coin is trending right now and occupies all the space in the block. This means that the ecosystem has components such as inefficient liquidity, isolated users, weak UX, and susceptibility to exploitation, and a context that is still not favorable for applications to be built to operate financially independently. TO READ FULL ARTICEL : CLICK HERE The post Ethereum’s Layer 2 Boom: A Blessing and a Challenge for the Crypto World appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

What Does the Ethereum ETF Mean for Bitcoin Investors?

The approval of the Ethereum ETF left the world in awe especially through the Securities and Exchange Commission (SEC). This came as a shock to me alongside many others (and most in the Bitcoin community) who had expected the SEC to disapprove the application for the Ethereum ETFs. Ultimately, it comes down to a core economic question: In other words, is it a substitute or a complement to Bitcoin? Some argue that they are complementary: The US dollars that are put into Ethereum will bring in new US dollars into Bitcoin from other assets such as equities and bonds. However, I think that they are in fact substitutes for one another. There is a given amount of attention people pay to cryptocurrencies and if some of that is directed towards Ethereum, it is at the expense of the investment in Bitcoin. TO READ FULL ARTICLE: CLICK HERE The post What Does the Ethereum ETF Mean for Bitcoin Investors? appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

Living Vogue Real Estate Elevates Presence in Southwest Florida’s Ultra-Luxury Market with New “Casa Flamingo” Listing

This strategic move reinforces Living Vogue’s commitment to providing exceptional service and exclusive opportunities to discerning clients seeking premier homes and investment properties in the area. Sarasota, FL, United States, 20th Aug 2024 – Living Vogue LLC, operating as Living Vogue Real Estate, is excited to announce its continued expansion into Southwest Florida’s ultra-luxury real estate market, marked by the recent acquisition of the listing for “Casa Flamingo,” a stunning $8,495,000 estate on Siesta Key, Florida. This move underscores Living Vogue’s dedication to offering premier properties and exceptional service to discerning clients seeking the pinnacle of luxury living. “Living Vogue Real Estate is honored to present Casa Flamingo, a breathtaking example of modern romantic Spanish architecture that redefines luxury,” stated Mark Coppens, Founder & Chairman of Living Vogue Real Estate. “Situated on the tranquil shores of Siesta Key, this waterfront estate embodies the sophistication and elegance our clients desire.”Casa Flamingo, built in 2019, is a 5,201-square-foot masterpiece that has graced the pages of prestigious magazines and served as a backdrop for music videos. The estate, located on an oversized acre lot with deep-water frontage on Hansen Bayou, is just steps from the stunning waters of Sarasota Bay and the Gulf of Mexico. The grand entrance, framed by nearly 24 feet of hand-carved stone, offers a glimpse of the opulence that lies within.“Upon entering, you are greeted by a breathtaking courtyard featuring a column-laden infinity edge pool reminiscent of a Roman bath,” said Jamie Coppens, co-listing agent for the home. “Surrounding entertainment areas, including a bar and billiard room, offer the perfect setting for hosting unforgettable gatherings.”The expansion comes as Living Vogue Real Estate continues to solidify its position as a leader in luxury real estate, offering an exclusive portfolio of some of the most sought-after properties in Southwest Florida. From a record breaking $15M residential home sale on Siesta Key, to an $18M listing in Sarasota, Living Vogue caters to discerning clients seeking not just a home, but a lifestyle. Fitting Living Vogue’s “Work Hard, Play Hard” axiom, the home’s outdoor spaces are designed for relaxation and recreation. The expansive rooftop offers plans for a putting green, hot-tub spa, bocce court, and a sun deck with a cabana, ensuring endless hours of leisure and play. The home comes equipped with a six-person golf cart, four e-bikes, four pedal kayaks, and two paddleboards, making it easy to explore the surrounding natural beauty – all a necessity for attracting ultra-luxury buyers in today’s market. For more information about Living Vogue Real Estate and its expanded offerings in the ultra-luxury market, please visit www.LivingVogue.com or contact the office at (941) 444-0436. For more information on Casa Flamingo, please visit https://www.3482flamingoave.com.About Living Vogue Real EstateLiving Vogue Real Estate is a leading luxury real estate brokerage based in Sarasota, Florida. Known for its cutting-edge marketing, exceptional client service, and exclusive property listings, Living Vogue Real Estate offers a personalized approach to buying and selling luxury homes. With a team of experienced agents and a commitment to excellence, the brokerage has quickly become a dominant force in Southwest Florida’s real estate market.  Media Contact Organization: Living Vogue Real Estate Contact Person: Mark Coppens Website: https://www.livingvogue.com Email: info@livingvogue.com Contact Number: +18004861794 Address:1540 Main St City: Sarasota State: FL Country:United States Release id:15574

AllCryptoWallets.org: Crypto Wallet Adoption - The Key Metric for Web3 Success

AllCryptoWallets.org uniquely releases new real-user web3 adoption statistics to the public, showing that the number of real users accessing non-custodial wallets is the definitive metric for overall crypto adoption. Amsterdam, Noord-Holland, Netherlands – AllCryptoWallets.org, the home of non-custodial crypto wallets across all blockchains, is shedding light on an often overlooked key-metric in the blockchain industry: crypto wallet adoption. As the entry point to the decentralized web (Web3) and the growing dApp ecosystems, the number of real users accessing non-custodial wallets is the definitive  metric for overall crypto adoption.Crypto Wallets in Web3Crypto wallets adoption is the key to a blockchain’s success, as crypto wallets allow users to manage their assets, sign transactions, log-in to dApps and interact with smart contracts. Whether interacting with DeFi and GameFi, owning NFTs, sending and receiving digital currencies, non-custodial crypto wallets are the log-in to Web3.In traditional finance the bank app is the interface to all its bank services, in contrast, blockchain its decentralized nature means you may need different wallets for the different dApps of different blockchains.Wallet Adoption as a Live Metric of Blockchain GrowthAllCryptoWallets.org sees a steady rise in non-custodial wallet installs across multiple platforms, such as Android, iOS and browser extensions like MetaMask, Atomic and Exodus to name a few. The latest numbers are:Ethereum has 350 wallets supporting the blockchain, 28.2 million Chrome users and 268.6 million Google Play downloads.Bitcoin has 246 wallets that support the digital commodity, 10.7 million Chrome users and 249 million Google Play downloads.Polygon has seen a steady growth with 230 wallets, 23.2 million Chrome users and 122.5 million Google Play downloads.Solana and Cardano are also growing fast with 118 and 88 wallets respectively, supporting those blockchain ecosystems.Ruben Remy, the founder of AllCryptoWallets.org says: “The wallet adoption statistics update weekly, showing a growing interest in owning digital assets and engaging more with Web3. AllCryptoWallets.org uniquely allows users, Web3 developers, and investors to compare the growth in real user adoption across all blockchain ecosystems and cryptocurrencies.”The Competitive Landscape: Blockchain Market Share Through Wallet AdoptionBlockchain networks are in a race for user adoption. The number of wallets compatible with a blockchain ecosystem is the metric for success. Ethereum has a large dApp ecosystem and developer community so has a large market share but Solana and Cardano are catching up fast. Wallets that offer a smooth, secure and user friendly experience are key to attracting and retaining users and driving adoption of the underlying blockchain ecosystem.Unlocking Web3 Through WalletsLedger, Trezor, Tangem, and Keystone are leading hardware brands for Web3 with multi-chain support and various support for software wallets that again have dApp browsers to access web3 applications. These features make it easier for new users to onboard and interact with dApps. As users get more comfortable with crypto wallets, broader dApp and blockchain-based service adoption will follow.A Roadmap to More Blockchain Adoption DataAllCryptoWallets.org will continue to improve with a roadmap to roll out more adoption data over time and more insights into Web3. Also AllCryptoWallets.org is the place to find out which cryptocurrency is supported by which wallet. Later this year they will launch a new section to help users choose the right wallet for their cryptocurrency interests so they have the tools to make informed decisions in the fast changing crypto landscape.About AllCryptoWallets.orgAllCryptoWallets.org is the largest platform to discover non-custodial crypto wallets across all blockchains. Our goal is to inform users worldwide with our list of non-custodial wallets and their adoption numbers. Founded by Ruben Remy, AllCryptoWallets.org will give you the insights to understand blockchain adoption through wallet usage.  Media Contact Organization: AllCryptoWallets.org Contact Person: Ruben Remy Website: https://allcryptowallets.org/ Email: Send Email City: Amsterdam State: Noord-Holland Country:Netherlands Release id:15907