Time for cryptocurrencies to regain lost ground?

Major cryptocurrencies such as Bitcoin and Ethereumbegan to regain some grounding under their feet last week. While still well below all-time records, they seem to be entering a recovery phase.

Bitcoin last week, it hit just under $ 24 eToro platformwhich has not happened since the beginning of June. BTC has dropped again, however, and is now around $ 21. However, the mining difficulty is much lower at the moment, which is a potentially encouraging factor for additional participants such as smaller cryptocurrency miners.

Meanwhile, Ethereum has been hitting the highest levels for a month now, hitting over $ 1 on Friday. ETH is one of the worth watching assets, with a possible increase in demand of indefinite durability. In the cryptocurrency environment, everyone's attention is focused on The Mergewhich is becoming more and more real day by day and can make the token's economy change significantly.

Barclays acquires stake in cryptocurrency company Copper

UK major bank Barclays has acquired approximately $ 2 billion in Copper. The cryptocurrency company has ties to former UK Treasury Chancellor Philip Hammond - a senior advisor and investor in the company.

Barclays is part of a group of investors committed to the company's latest funding round providing cryptocurrency custody, brokerage and settlement services for institutional investors. This is another move to the benefit of the sector, especially as valuations are still trying to gain momentum in the wider market.

While cautious investors continue to prevail, leading institutions like Barclays are again buying at healthy levels. In the longer term, this is positive for the cryptocurrency space and is an indicator of a constant demand for its innovations.

Cryptocurrencies will reach a billion users by 2030.

Boston Consulting Group report (BCG) indicates why the cryptocurrency sector still has a lot of untapped potential. In collaboration with Bitget and Foresight Ventures, the company is analyzing how the sector is performing in terms of innovation and potential.

By comparing with the origins of the internet, the report actually shows that cryptocurrencies do not lag behind the absorption curve - in fact, what is considered to be Web3.0 in the report, it seems to be ahead of the Internet in the 90s. What this document highlights is the difference in trend between market valuation and user uptake.

While - in terms of investment - the consequences of the difficult trading conditions of recent months will be felt for some time to come, parallels with the Dotcom bubble of the early XNUMXs are becoming more and more apparent.

The key trend in terms of investment here has been the eradication of bad ideas, and companies such as Google and Amazon have lagged behind to become the giants of the internet today. It is highly probable that, thanks to continued development, despite the market's unfavorable attitude, these companies will also become winners in the cryptocurrency sphere in the future.

The Dubai Metaverse strategy allows you to look at the future of work

Dubai, wanting to be at the forefront of technology development and use its potential, launched the so-called metaverse strategy. The Emirate says it plans to launch some 40 virtual jobs over the next five years - an ambitious prospect to attract talented people to work at its facility.

Metaverse was a leading trend, with a loud entry into the cryptocurrency scene last year. Same as NFT and the cryptocurrency sector, has struggled with traction over the past few months. But initiatives like the Dubai Project show that key activity continues.

Tokens such as MANA, RBLX, and SAND are at the forefront of cryptocurrency metaverse projects, and these two innovations go hand in hand. It is certainly a space to watch for key innovations, especially considering the involvement of major state-owned players in revitalizing the market, such as Dubai.