Analysis Today TheBitTimes.com

While TradFi is the main source of demand for blockchain tech, digital identity and supply chain are exciting areas too, according to Google Cloud Head of Web3 James Tromans. The crypto industry is far too focused on token prices, rather than figuring out how smart contracts can be used to solve real-world business problems, according to Google Cloud's Web3 lead.  In an interview with Cointelegraph, Google Cloud’s Head of Web3 James Tromans stressed the need to focus more on the business logic in the smart contract rather than the supply and demand dynamics of the token : “What are the business problems that you want to get executed? When you're running a smart contract to execute some business logic to solve your business problem, you're using a token, but the token is not the thing, it’s the business problem that's the thing.” “So I would like us to get away from all this talk about token s and token speculation as if that is Web3 — that is not Web3,” Tromans added...

How does X (Twitter) impact Bitcoin price? We dive into the science behind the link between Twitter activity and crypto market movements to uncover the facts. Cryptocurrencies can quickly change in price, a characteristic that has both attracted and deterred investors over the years. Twitter and other social media play a significant role in shaping what people think about cryptocurrencies and influencing crypto market trends. Often, tweets from influential figures—industry leaders, tech visionaries, or financial moguls—hold the potential to either bolster or dampen the spirits of crypto investors. The ripple effect of these tweets can sometimes be observed in real time, with significant price shifts following closely on the heels of a notable tweet. Scientists have researched this phenomenon over the years, searching for data-backed insights into the correlation between Twitter activity and crypto market reactions and explaining how the mechanisms work. Let’s navigate focal hig...