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Fortune Business Insights: Blockchain-as-a-Service Market to Skyrocket to $24 Billion by 2027

Fortune Business Insights: Blockchain-as-a-Service Market to Skyrocket to $24 Billion by 2027

Fortune Business Insights, a leading publisher of market research reports, has revealed that the blockchain-as-a-service (BaaS) sector will escalate to $24.94 billion by 2027 from $1.9 billion recorded in 2019, representing a compound annual growth rate (CAGR) of 39.5%. This uptrend will be fueled by small and medium enterprises (SMEs) as they are viewing blockchain technology as an optimal solution for the numerous challenges they face, like access to bank loans, trade financing, and cash flow difficulties.

Dubai’s Blockchain Market to Surpass $118 Million by 2025

Dubai’s Blockchain Market to Surpass $118 Million by 2025

Smart Dubai, a government entity established in 2013 to make Dubai a smart city, has revealed that the application of blockchain technologies in the city will increase to Dh437 million, around $118M USD, by 2025 from Dh 35 million, approximately $95M USD, recorded in 2018

Fed Chairman Powell Says Central Bank Digital Currency Would Need to Coexist with Traditional Cash

Fed Chairman Powell Says Central Bank Digital Currency Would Need to Coexist with Traditional Cash

While speaking at a virtual payments conference hosted by the Basel Committee on banking supervision, Federal Reserve Chairman Jerome Powell said that central bank digital currencies would need to be complementary to physical cash.

Grayscale Investments Opens Trading for Grayscale Bitcoin Cash and Litecoin Trusts

Grayscale Investments Opens Trading for Grayscale Bitcoin Cash and Litecoin Trusts

Grayscale Investments, the world’s largest digital currency asset manager has opened public trading for two prominent altcoins, Bitcoin Cash and Litecoin.

Bitcoin Cash (BCH) Hard Forks into Two New Blockchains Following Disagreement on Miner Tax

Bitcoin Cash (BCH) Hard Forks into Two New Blockchains Following Disagreement on Miner Tax

Bitcoin Cash (BCH), a hard fork from Bitcoin, has once again split and created two new blockchains after a disagreement between two BCH clients.

Square’s Cash App Q3 Report Attributes 80% of $2 Billion Revenue to Bitcoin

Square’s Cash App Q3 Report Attributes 80% of $2 Billion Revenue to Bitcoin

Square’s Cash App Q3 report shows that Bitcoin has overtaken all other revenue sources and accounts for 80% of its entire $2 billion third-quarter revenue.

Blockchain Industry Will Be Valued at $21 Billion Globally by 2025, Research Suggests

Blockchain Industry Will Be Valued at $21 Billion Globally by 2025, Research Suggests

A research study by Fortune Business Insight, a market reporting and consulting firm, suggests the global blockchain industry will be valued at a mammoth $21 billion in the next five years. The report explored the rise of financial technology and blockchain companies working towards financial inclusion and targeting developing countries and regions to leverage growth. Such regions, incidentally, have witnessed a growth in educated talent in the past decade, and are well-suited to interact with and understanding distributed ledger mechanisms.

Bank of China’s Former President Lists Four Key Conditions For Digital Yuan to Replace Cash

Bank of China’s Former President Lists Four Key Conditions For Digital Yuan to Replace Cash

The former head of the People’s Bank of China announced that the soon to be launched Digital Yuan will be able to replace cash if certain key conditions are met.

Bitcoin Price to Reach $1 Million in 2025, Raoul Pal Adds One More Zero to His BTC Prediction

Bitcoin Price to Reach $1 Million in 2025, Raoul Pal Adds One More Zero to His BTC Prediction

Raoul Pal, the CEO of Real Vision Group, and a wall street veteran believes that Bitcoin could hit $1 million by 2025, according to his model.

Bitcoin is the Answer to True and Free Capitalism, Following Wall Street Bets Short Squeeze

Bitcoin is the Answer to True and Free Capitalism, Following Wall Street Bets Short Squeeze

With the recent Gamestop stock soaring due to the Wall Street Bets group, this brought up a lot of discussion regarding Bitcoin and DeFi in the community,

PayPal Co-Founder Peter Thiel Injects $30 Million into Crypto Firm BlockFi to Improve Cash Flow and Expand Product Lines

PayPal Co-Founder Peter Thiel Injects $30 Million into Crypto Firm BlockFi to Improve Cash Flow and Expand Product Lines

The series B offering was led by Valar Ventures, which is a venture capital company backed by PayPal co-founder Peter Theil. Other investors in the offering round included Winklevoss Capital, Avon Ventures, Morgan Creek Digital, CMT Digital, PJC, and Akuna Capital. New investors included Purple Arch Ventures, Arrington XRP Capital, Kenetic Capital, HashKey Capital, and Castle Island Ventures.

Grayscale Investment Company Receives FINRA Approval to Trade Bitcoin Cash and Litecoin Publicly

Grayscale Investment Company Receives FINRA Approval to Trade Bitcoin Cash and Litecoin Publicly

US regulators have approved shares of Grayscale Investment’s Litecoin and Bitcoin Cash Trusts for public trading.

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