Blockchain Press Releases
Artmarket.com: higher Q4 2023 revenue and the connection of its inductive learning proprietary AI tool (Intuitive Artmarket ®) to its databases and its Standardized Marketplace for the certification of primary issues of NFTs

Upcoming news concerning Artprice by Artmarket.com in 2024
PARIS, Feb. 13, 2024 /PRNewswire/ — Artificial Intelligence with Gemini Pro, Chat GPT-5, Art NFTs as seen by Arte TV, Bitcoin ($50 K) and Ethereum, all growing rapidly and all welcome on Artprice.

Artprice is about to introduce its own Intuitive Artmarket ® AI to the Art Market.
Over recent decades, Artprice by Artmarket.com – with its long experience as a pioneer of the Internet since 1987 under its parent company Groupe Serveur – has developed thousands of increasingly powerful and useful proprietary algorithms that have become the foundation of our own artificial intelligence, in strict compliance with all of the various legislative frameworks, notably those regarding personal data protection and intellectual property rights.
The three cornerstones of AI are data, computing power and algorithms. The greater the volume and the higher the quality of the data (standardized big data), the more ‘intelligent’ the models they are used to train become. This process corresponds exactly to the core DNA of Artprice by Artmarket’s operating model which masters both the computer science of programming and the computer science of induction which defines AI.
Our progress in the field of AI was substantially accelerated by our targeted acquisition (initially by Groupe Serveur, then by Artprice) of innovative companies like Xylologic (in 1999) a Swiss company of prestigious scientists (from CERN, WHO, etc.) that was considerably ahead of its time and which already prefigured the birth and development of AI (see our reference document).
A rare occurrence for a company listed on a regulated market, Artprice by Artmarket has twice consecutively obtained the state label “Innovative Company”, subject to strict eligibility conditions, awarded by France’s Public Investment Bank (BPI).
According to thierry Ehrmann, founder of Artprice and CEO of Artmarket.com: “With its proprietary AI – baptized “Intuitive Artmarket ®” – in 2024 Artprice by Artmarket will be able to take each of its 7.2 million customers and members on superb customized journeys of art discovery with lightning speed…
…In the cozy world of major global professional database publishers, it is vital for the long-term development of our industry that we integrate proprietary AI into our core businesses, which is why Artprice by Armarket has acquired a substantial headstart in this domain since 1999 and made 2024 the key year for its Intuitive Artmarket ®. In economic terms, this tool will generate more sophisticated subscription options and therefore more recurring turnover (ARR).
Investors are looking for serious investment opportunities in the field of AI on both sides of the Atlantic.
Our algorithms and billions of proprietary logs along with our texts and tens of millions of artworks from the Artprice databases allow us to identify all the terminology that qualify artists’ universes, their inspiration, the mediums they use, their themes, their shapes and volumes, etc… and then create a syntony by opening up the worlds of the 833,000 artists we follow with their biographies and certified data, going far beyond classic academic visual criteria via the neural networks of our Intuitive Artmarket ® AI.”
Intuitive Artmarket ® will notably calculate the values of artworks based on an analysis of past sales that is specific to Artprice; but it will also be able to anticipate future fluctuations, including for totally unique works. It will also make it possible to identify highly complex transversal artistic trends that largely escape the academic, institutional and university worlds.
Our Intuitive Artmarket® AI will have numerous applications within the scope of Artprice by Artmarket, all offering high-added value and featuring numerous paid services.
Of the many new service projects in 2024 for Artmarket’s clients, we plan to link Intuitive Artmarket® with our Standardized Marketplace® which was created in 2005 and offers over 77,000 artworks at a fixed or biddable price. We also plan to link our Intuitive Artmarket® to all of Artprice by Artmarket’s databases.
Intuitive Artmarket® will constantly assist Artmarket clients – whether art enthusiasts, art market professionals or museum curators – to build and/or manage their collections.
With the analysis of billions of logs, 125 million clipped and tokenized images of artworks, more than ten million auction results (word embedding), Intuitive Artmarket® will be able to provide extremely relevant solutions for customers wishing to start, or manage, an art collection.
To build the collection, Intuitive Artmarket® will provide suggestions for works to acquire based on criteria the client has provided such as the budget allocated over time, the artistic movement(s) the customer is interested in, the preferred medium(s), the favorite artist(s) or similar artists, the preferred dimensions of the works, the favorite acquisition location(s) (in full compliance with the different legislative frameworks on personal data security). It will also be able to identify from the behavioral analysis of the client’s searches certain preferences that neither the client nor an appointed expert might have been aware of. It goes without saying that this analysis via Intuitive Artmarket® will be conducted with the consent of the client as part of his/her paid subscription (in accordance with the terms and conditions enumerated in the General Conditions of Sale and Use attached to his or her subscription).
As regards collection management, Intuitive Artmarket® will update the value of the collection in real-time, not only by taking into account the latest auction results but also by projecting trends with expected results, built on in-depth data analysis.
Intuitive Artmarket® will notify the collector and/or art market professional of sale and/or purchase opportunities, depending on the objectives identified by the collector or the professional over time. These may range from the desire to enhance the pecuniary value of a portfolio to the desire to enhance the artistic value of a collection; everything will be possible via an intuitive configuration.
Contemporary artists will also be able to use this tool to offer their works for sale on our Standardized Marketplace® with higher probabilities of reaching buyers, particularly artists producing NFTs. Bearing in mind all the underlying parameters and data, Artprice is the only platform on the global market that can deal effectively with the certification of primary issues of Art NFTs in an environment of cryptocurrencies alongside the major international currencies.
With Intuitive Artmarket®, it has never been so easy and intuitive to discover the parallel worlds of ‘Online Art’ and ‘Auction House Art’ (we are directly linked to 7,200 auction operators around the world).
In today’s extraordinarily busy world, every minute counts and Intuitive Artmarket® will allow users to explore the Standardized Marketplace® and monitor the global art market with infinitely better results and much more quickly. Less time spent also means less energy spent, which is perfectly in line with Artmarket.com’s eco-responsible approach.
Artificial Intelligence has opened the door to a deluge of IP conflicts such as the legal dispute surrounding Stability AI, the creator of an AI generating synthetic photos, now accused by Getty Images of having extracted millions of images from Getty Images databanks.
ChatGPT is regularly the subject of professional news media headlines like “Is ChatGPT violating copyrights?”… to which the vast majority of lawyers respond that it is nothing more and nothing less than a veritable copyright pillage – and therefore a massive copyright violation engine – which makes OpenAI, for its part, an outright counterfeiter.
And then there is the historic initiative by the Authors Guild, the largest professional association of American writers, which, according to Rolling Stone magazine, filed a class action on 20 September 2023 in a New York Supreme Court against the company Open AI (creator of ChatGPT), accusing it of ‘feeding’ or ‘training’ its large language model (LLM) with their copyright-protected works. Authors Guild President, Maya Shanbhag Lang said, “This is just the beginning… We do not bring this suit lightly. We are here to fight.”
In contrast, Artmarket’s AI (Intuitive Artmarket ®) is based exclusively on its massive proprietary content which is protected under intellectual property law, thereby allowing us to overcome these obstacles and potential prohibitions. In other words, our Intuitive Artmarket ® has no need to look elsewhere for data or for responses to very specific searches from art market amateurs or professionals.
This fact will underpin and generate constant growth in our turnover and guarantee the sustainability of our model, which, in turn, will generate considerable upside potential and peace of mind for Artprice by Artmarket.com’s shareholders. Over the last two decades Artprice has recorded, observed and induced hundreds of millions of human decisions in relation to the art market. This market is of course infinitely complex due to the heterogeneous and singular nature of art on the other hand, and the abstract notion of beauty at the limits of human emotion on the other.
The algorithmic learning that has fueled our AI has allowed Artprice to create AI models that are unique to the specific world of the Art Market and which constitute Artprice by Artmarket’s strongest revenue-generating power.
For over 20 years, Artprice by Artmarket has gradually stabilized its ‘alignment problem’, a key issue for the successful genesis then construction of its AI (Intuitive Artmarket®). For the Artprice group, the so-called ‘alignment problem’ means all of the scientific and ethical questions raised by the relationship of its artificial intelligence system (and its induced results) with the values, expectations and human sensitivities specific to the Artprice by Artmarket group, its clients and the intangible and centuries-old rules of the art market.
Artmarket’s AI (Intuitive Artmarket ®) will be supervised by ‘prompt engineers’, a new career that includes the programming and management of proprietary AI.
The possibilities offered by properly managed AI are therefore immense, which explains its popularity: Microsoft ® Bing Chat now attracts more than 100 million active users per day with a commitment to responsible AI that respects copyright and copyright-related rights.
Microsoft has already started rolling out Bing Chat for Business and Microsoft Copilot in paid subscription mode.
Microsoft’s Copilot® works with GPT-4 Turbo, the new DALL-E 3 model, and is now Microsoft’s spearhead service at the heart of its 365 Business Premium and Business Standard licenses. Indeed, Microsoft has clearly demonstrated that its AI Copilot® is a very powerful accelerator of its sales of ‘365’ subscriptions to its cloud, thereby confirming the viability of this AI economic model for Artprice and its Intuitive Artmarket®.
Via thousands of beta test searches on the art market and on artists, Artprice by Artmarket.com has observed that Bing IA GPT-4 regularly cited Artprice and Artmarket.com URLs in reference to its sources. Microsoft® Bing works in partnership with OpenAI to deliver an experience that encourages responsible use. Likewise, Chat GPT-4 Pro is in paid mode on Apple iOS and Android.
For reference, one of the best-known neural networks is the Google search algorithm that Artprice has studied and analyzed daily since 1999. Since the beginning of 2023, Artprice Inc., our American subsidiary, has been following the development of Google Bard and notably since the release on 8 February 2024 of its Gemini Pro AI with its Ultra 1.0 interface, a direct competitor to GPT-4. Gemini is a prototype chatbot (an experimental conversational AI service) built by Google based on its LaMDA language model. Here too, Artprice engineers measured the searches on Google Bard and Gemini specific to the art market and noted a high volume of responses relative to links to Artprice databases.
One of the G7’s major concerns is the rapid adoption of regulations on AI.
Europe, and particularly France, wants to make the European continent one of the world leaders in AI, and it is interesting to note that the first texts regulating artificial intelligence are currently being passed into law.
“The Council of the European Union approves a text to regulate artificial intelligence”
On Friday 2 February 2024, representatives of EU member states approved new legislation on artificial intelligence. Once voted by the European Parliament, this legislation will constitute a global first. Artprice by Artmarket has participated in the debates that have contributed to this legislation via its lawyers and advisors. This new legislation establishes specific constraints, notably regarding personal data, as well as copyright protection and thorough source quotation.
Initially drafted in 2021, the first version of the text had to be completely overhauled because of the evolution of artificial intelligence in recent years.
The European project to regulate artificial intelligence (AI) reached a new milestone on Friday, 2 February 2024. “Today the 27 Member States unanimously approved the political agreement concluded in December recognizing the balance found by the negotiators between innovation and security”, announced the European Commissioner for the Internal Market, Thierry Breton, on X. The negotiators of the European Parliament and the Council, co-legislators, had reached an agreement in principle on 8 December 2023.
The regulation, called the “AI Act”, aims to regulate both the use and the development of artificial intelligence. It is the first such legislative framework in the world. According to a press release from the European Parliament in December 2023, the text “aims to ensure that fundamental rights, democracy, the rule of law and ecological sustainability are protected against high-risk AI, while boosting innovation and making Europe a leader in the field”.
Certain uses of these new technologies will be prohibited, such as social rating and behavior manipulation. The most risky practices will have to meet reinforced requirements, such as an obligation of transparency or the implementation of human control over the software.
These various provisions and amendments are very positive for Artprice by Artmarket.
According to the best Anglo-Saxon financial analysts, who are one step ahead of Europe on this subject, the only economically viable model – i.e. one that does not expose the economic entity (whatever its size) to incessant legal proceedings – is an AI-based on an extremely well-defined economic segment.
The economic segment must have information that plays an absolutely vital role, full intellectual property of the entirety of Big Data (including Data Mining), of the copyright and related rights confirmed on all algorithms, databases, with machine learning (deep learning) and neural networks.
In short, the AIs that will triumph with very substantial economic gain and without major industrial or legal risk, are the economic entities that own, in full intellectual property, all of the different stages of the proprietary AI in a defined market segment where expensive high added-value information plays a vital role. And this is exactly the case of the Intuitive Artmarket ® AI developed by Artprice by Artmarket.com
Our Intuitive Artmarket ® AI has been designed in total recognition of this reality.
The following paragraph was largely generated by our Intuitive Artmarket ® AI system
According to thierry Ehrmann, a pioneer of the Internet and databanks since 1987 with his Groupe Serveur, parent company of Artprice (Who’s Who In France biography: https://imgpublic.artprice.com/img/wp/sites/11/2024/02/2024_Biographie_thierry_Ehrmann_WhosWhoInFrance.pdf), and Founder of Artprice & CEO of Artmarket, the Group’s guiding principle for its AI is very simple: “There cannot be artificial intelligence without human intelligence”.
The certification by Artprice of NFT primary issues
Release of the ARTE documentary in 5 languages: “NFT, Chaos in the art world“
https://www.arte.tv/fr/videos/RC-024624/nft-chaos-dans-le-monde-de-l-art/
Throughout this documentary, thierry Ehrmann, visual artist, NFT artist and Founding CEO of Artprice.com, delivers his analysis accompanied by other artists, experts and international players in the world of Art NFTs.
Any attempt to understand the significance of NFTs in Art History requires an appreciation of the digital and cultural revolution that they represent and some kind of prediction regarding their role and impact over the short and medium term.
Artprice by Artmarket.com can confirm that for the first half of 2024, the Art NFT phenomenon is becoming a lasting segment of the art market on all continents, with new legislation that is currently much more favorable in the USA. Meanwhile, European lawmakers are working on a regulatory framework that will prevent cryptocurrencies being used for money laundering and bring confidence to consumers, investors and operators.
This framework has been the subject of studies, conferences and proposals to major French and European government bodies by the Art & Law Institute with which Artprice by Artmarket has been heavily involved as a historical member since 1997.
According to thierry Ehrmann “In its various annual reports on the Art Market and the regulated information it publishes as a listed company, Artprice by Artmarket.com has always said with regard to NFTs that it is impossible to apprehend this new market without a true understanding of Blockchain, crypto-currencies and their cultural origins among the Cypherpunks (period of PGP-type data encryption at the beginning of the 1990s).”
Indeed, OpenSea, the leading NFT platform, itself declared that 80% of primary issues of Art NFTs are likely to impact third-party intellectual property rights. Faced with this observation, Opensea announced it is considering solutions to counter this problem and thereby protect sellers and buyers. This can only lead to the certification of the primary issue market by Artprice.
Bearing in mind all the underlying parameters and data required, Artprice by Artmarket is the only organization on the global art market to be able to truly respond to the certification of primary issues of Art NFTs in an environment of cryptocurrencies and major international currencies.
This capacity to certify the primary issues of Art NFTs is based on the fact that Artprice by Artmarket has been the Global Leader in Art Market Information for more than 27 years and is the creator and owner of its globally recognized databases. It also has the world’s largest documentary collection of art market notes, manuscripts, codices and annotated sales catalogs from 1700 to the present day, which act as a guarantee of the authenticity and historical veracity of its databases.
More precisely, we cannot allow the offer of an artwork or of an Art NFT to be posted online without validation of the identity of the artist and of the professional seller, via a very strict and draconian control procedure. In the context of the sale of NFTs, this is all the more important as there is a certain laxity at this level, which has led to numerous problems on other sites.
The added value of Artprice by Artmarket is quite simply its knowledge of the artists, either through their previous auction results or through their emerging notoriety. In addition, an Artprice Intranet messaging system is made available to buyers and sellers, so that they can agree on their transaction in a confidential and consensual manner.
With its Metaverse – the ultimate and inevitable outcome of the NFT revolution – Artprice by Artmarket aims to be the most successful and competitive Art NFT platform.
The Metaverse will guarantee the exponential and continued growth of the art market through NFTs. Alongside the Metaverse, there is the Blockchain and its smart contracts to allow fair remuneration for artists, with copyright bodies such as the ADAGP (in France), to which Artprice has long been affiliated in order to support artists.
Three years ago Artprice recognised that Ethereum would become the reference Blockchain for smart contracts in the Art NFT Market. Christie’s 3.0 is also based on the Ethereum Blockchain since 2022.
According to a study conducted by Artprice by Artmarket:
“All of the art market’s market-makers, and in particular the majority of its auction houses around the world, now have an NFT department for cataloged and online sales throughout the year. Likewise, all the major structures in the museum /art gallery industry are starting to publish their own NFTs. The vast majority of the major players in the art market have chosen the Ethereum Blockchain whose smart contract ensures a transparent and tamper-proof market.
Digital Art – first created in the 1980s – is finally emerging and is appealing to nearly half a billion Art NFT enthusiasts at costs that are now very accessible. The authenticity and traceability of the purchase or sale of Art NFTs is now guaranteed by Blockchain. Samsung TV’s Tizen OS, loaded on several hundred million Smart TVs, offers direct access to the ” NFT Art” application among its automatically installed apps, between Netflix and YouTube.
There are already more than 54,000 artists identified by Artprice who directly produce their NFTs for their buying public, and this is only the very beginning of a total paradigm shift.
According to many sociologists, art historians and analysts, the advent of NFTs is a major event that definitively modifies the structure of the art market and its players as it has been since 1950.
Artmarket.com: after including cryptocurrencies alongside traditional currencies for auction results in 2022, the Artprice Standardized Marketplace® has now integrated Bitcoin and Ethereum for buying and selling artworks
thierry Ehrmann, the CEO of Artprice by Artmarket: “We were patiently waiting for the right moment to launch this key deployment in the history of Artprice by Artmarket in the best conditions for both the art market and for cryptocurrencies. It is now time for us to take the step of deploying our authoritative Standardized Marketplace® and opening it to the world of cryptocurrencies and NFTs, by entering Web 3.0. which is quite simply the immediate future of the Internet. This step would not have been possible without the knowledge and experience of Artprice, which has been the Global Leader in Art Market Information for more than 25 years.
Every day Artprice’s Standardized Marketplace® offers more than 77,000 artworks from all over the world. These works are bought and sold by 7.2 million customers and members of Artprice, generating an annual trading volume estimated at several hundred million euros. This platform demonstrates the trust built over more than 18 years between buyers and sellers. It was therefore natural that after adding cryptocurrencies to the means of payment, Artprice should also endow the platform with a new category/medium, Art NFTs, as a sign of their legitimate entry into Art History and the history of the art market.”
The decision to quote cryptocurrency prices on our Standardized Marketplace® was taken after a long and careful observation of an increasing consultation of auction results in Bitcoin and Ethereum across all of Artprice’s databases since their effective integration into our system in September 2022.
These two main cryptocurrencies (ETH and BTC) account for more than 92% of the total value of the approximately 23,000 currently existing cryptocurrencies (excluding stablecoins).
By analyzing its hundreds of millions of connection logs, Artprice has observed – over 17 months – a regular increase in consultations of the Bitcoin and Ethereum prices in its databanks, which are now, in statistical terms, close to the consultations of the major international reference currencies such as the dollar, the euro, sterling and the yen.
This evolution at Artprice reflects the growing place of cryptocurrencies in the mentalities and habits of art professionals as well as among collectors and art enthusiasts.
But the major event in cryptocurrencies is notably BlackRock’s (the largest asset manager in the world) and Fidelity’s introduction of ETFs directly invested in Bitcoin (Bitcoin spot ETFs) authorized by the SEC on 11 January 2024. This is a real consecration for Bitcoin which on 9 February 2024 was quoted at around 49,000 dollars, while Ethereum was at $2,500 (ETH ETFs are expected very soon).
BlackRock and Fidelity have achieved the best ETF launches in 30 years thanks to Bitcoin. In their first month of trading, the “IBIT” and “FBTC” funds raised $6.5 billion, which is more than any of the 5,500 other index funds launched before them (according to Les Échos of 10 January 2024: “Bitcoin ETF: the SEC opens the doors of Wall Street wide to Bitcoin“.
This is a new record for Bitcoin. Of the 5,535 ETFs launched over the last thirty years, none have gotten off to such a strong start as BlackRock’s ‘IBIT’ and Fidelity’s ‘FBTC’, said Bloomberg expert Eric Balchunas.
This allows retail and professional investors to gain exposure to the largest cryptocurrency by market capitalization, without having to directly hold the asset.
Via cryptocurrencies, new collectors and art enthusiasts have been attracted to the art market, often younger than their predecessors. Not averse to speculation and the excitement of taking risks, these art enthusiasts and collectors solidly welded to their crypto-universe of Web 3.0.
The near future of Artprice by Artmarket is the meeting place between Web 3.0. (Metaverse and NFT) and Artprice’s artificial intelligence, its Intuitive Artmarket ® AI.
For this reason, Artprice is currently finalizing the Metaverse of its head office located in the heart of its illustrious L’Organe, Museum of Contemporary Art which manages the Demeure du Chaos / Abode of Chaos (dixit The New York Times). To create the Metaverse of this edifice with its highly singular architecture (that falls into the category “total work of art”) created by thierry Ehrmann (who is also a visual artist), the European group TT Géoomètres Experts with its 3D Lab and Groupe Serveur (Artprice’s parent company) carried out the complete digitization of the 6,300 artworks integrated into the buildings, offices, outbuildings and surrounding walls, covering a surface area of over 7,555 m², leading to the creation of a digital asset of 12 terra-bytes. This work was conducted from 2018 to 2023. For more information see:
https://ftp1.serveur.com/abodeofchaos_singular_architecture.pdf
All the necessary investments have already been fully covered by Groupe Serveur.
The Artprice Metaverse, accessible in AR (augmented reality) and/or VR (virtual reality), currently being finalized, must be designed to make people forget rigid IT with Web 2.0, a real obstacle to creation. It should allow crypto-universe enthusiasts to live their experience fully, in particular through the general release in the USA on 2 February 2024 of the Apple® Vision Pro, which offers spatial computing. Meanwhile, all of the American tech giants are massively investing in AR/VR headsets and glasses.
Furthermore, the difficult economic context did not stop Ethereum’s transition to “The Merge” on 15 September 2022 for the completely decarbonized Ethereum 2.0 Blockchain (against the backdrop of a global energy crisis. Indeed, according to its Founder Vitalik Buterin, thanks to “The Merge”, the electricity consumption of the ETH Blockchain shrank by more than 99.95% by switching from ‘Proof of Work’ (PoW) to ‘Proof of Stake’ (PoS). The year 2024 will see the new version “The Surge” (EIP-4844) allowing transaction costs to shrink as well (Source Ethereum Foundation).
The near future is approaching fast and Artprice by Artmarket is at the forefront of this paradigm shift.
Images:
[https://imgpublic.artprice.com/img/wp/sites/11/2024/02/image1_ai_intuitive_artmarket.jpg]
[https://imgpublic.artprice.com/img/wp/sites/11/2024/02/image2-ghost-ship.jpg]
Copyright 1987-2024 thierry Ehrmann www.artprice.com – www.artmarket.com
- Don’t hesitate to contact our Econometrics Department for your requirements regarding statistics and personalized studies: [email protected]
- Try our services (free demo): https://www.artprice.com/demo
- Subscribe to our services: https://www.artprice.com/subscription
Artmarket.com is listed on Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.
Discover Artmarket and its Artprice department on video: www.artprice.com/video
Artmarket and its Artprice department was founded in 1997 by its CEO, thierry Ehrmann. Artmarket and its Artprice department is controlled by Groupe Serveur, created in 1987.
See certified biography in Who’s who ©:
Artmarket is a global player in the Art Market with, among other structures, its Artprice department, world leader in the accumulation, management and exploitation of historical and current art market information (the original documentary archives, codex manuscripts, annotated books and auction catalogs acquired over the years ) in databanks containing over 30 million indices and auction results, covering more than 825,000 artists.
Artprice by Artmarket, the world leader in information on the art market, has set itself the ambition through its Global Standardized Marketplace to be the world’s leading Fine Art NFT platform.
Artprice Images® allows unlimited access to the largest Art Market image bank in the world: no less than 180 million digital images of photographs or engraved reproductions of artworks from 1700 to the present day, commented by our art historians.
Artmarket with its Artprice department accumulates data on a permanent basis from 7200 Auction Houses and produces key Art Market information for the main press and media agencies (7,200 publications). Its 7.2 million (‘members log in’+social media) users have access to ads posted by other members, a network that today represents the leading Global Standardized Marketplace® to buy and sell artworks at a fixed or bid price (auctions regulated by paragraphs 2 and 3 of Article L 321.3 of France’s Commercial Code).
Artmarket, with its Artprice department, has twice been awarded the State label “Innovative Company” by the Public Investment Bank (BPI), which has supported the company in its project to consolidate its position as a global player in the art market.
Artprice by Artmarket publishes its 2023 Contemporary Art Market Report:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2023
Artprice by Artmarket’s Global Art Market Report, “The Art Market in 2022”, published in March 2023:
https://www.artprice.com/artprice-reports/the-art-market-in-2022
Index of press releases posted by Artmarket with its Artprice department:
https://serveur.serveur.com/artmarket/press-release/en/
Follow all the Art Market news in real time with Artmarket and its Artprice department on Facebook and Twitter:
www.facebook.com/artpricedotcom/ (over 6.5 million followers)
Discover the alchemy and universe of Artmarket and its artprice department https://www.artprice.com/video headquartered at the famous Organe Contemporary Art Museum “The Abode of Chaos” (dixit The New York Times): https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013
La Demeure du Chaos / Abode of Chaos
GESAMTKUNSTWERK & SINGULAR ARCHITECTURE
Confidential bilingual work now public:
https://ftp1.serveur.com/abodeofchaos_singular_architecture.pdf
- L’Obs – The Museum of the Future: https://youtu.be/29LXBPJrs-o
- www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 (over 4 million followers)
- https://vimeo.com/124643720
Contact Artmarket.com and its Artprice department – Contact: Thierry Ehrmann, [email protected]
Photo – https://mma.prnewswire.com/media/2339778/Artmarket_1.jpg
Photo – https://mma.prnewswire.com/media/2339777/Artmarket_2.jpg
Logo – https://mma.prnewswire.com/media/2260897/4543220/Artmarket_logo.jpg

Blockchain
Blocks & Headlines: Today in Blockchain – February 11, 2025: (Hitachi Payments, PURE WALLET, ECB, Cisco, and RJ O’Brien)

Welcome to Blocks & Headlines, your daily briefing on the latest developments in blockchain technology and the cryptocurrency industry. Today’s edition, dated February 11, 2025, brings you a deep dive into groundbreaking investments, pioneering technological launches, regulatory anticipation, market forecasts, and strategic partnerships shaping the blockchain ecosystem. In this comprehensive analysis, we explore key news stories—from Hitachi Payments’ strategic investment in Spydra to bolster blockchain and CBDC initiatives, to PURE WALLET’s unveiling of the world’s first ISO-certified offline blockchain wallet, and from a notable lull in blockchain momentum as DLT enthusiasts await ECB guidance to exciting market forecasts for blockchain IoT revenues and a strategic equity investment announced by RJ O’Brien and Phlo Systems.
In an era defined by rapid digital transformation, blockchain and cryptocurrency innovations are not only reshaping financial systems but are also revolutionizing sectors such as digital security, the Internet of Things (IoT), and even regulatory frameworks. As blockchain continues to mature, developments in Web3, DeFi, and NFTs are creating new paradigms for trust, transparency, and decentralized governance. Today’s briefing is designed to provide you with detailed insights into these trends, highlighting the strategic implications of each story and examining their broader relevance within the rapidly evolving blockchain space.
Throughout this article, we will provide a thorough, opinion-driven analysis of the day’s headlines while ensuring that our coverage is SEO-optimized with keywords such as blockchain, cryptocurrency, Web3, DeFi, and NFTs. Whether you are a blockchain professional, an investor, or a curious observer, our goal is to offer you actionable insights that will help you navigate the dynamic world of blockchain technology.
I. Hitachi Payments Invests in Spydra to Boost Blockchain and CBDC Initiatives
A. A Strategic Move in a Transformative Era
In a significant development that underscores the convergence of traditional finance and emerging blockchain technologies, Hitachi Payments has announced a strategic investment in Spydra. This investment is aimed at bolstering blockchain solutions with a specific focus on Central Bank Digital Currencies (CBDCs). As reported by The Paypers, this move signals a concerted effort by established financial institutions to harness blockchain’s transformative potential for modernizing payment systems and strengthening digital currencies.
For decades, legacy payment systems have grappled with challenges related to speed, security, and cost efficiency. The introduction of blockchain technology promises to address these issues by providing a decentralized, immutable, and transparent ledger that can facilitate real-time transactions with minimal intermediaries. Hitachi Payments’ investment in Spydra is a testament to the growing recognition that blockchain can play a pivotal role in the evolution of global payment infrastructures.
B. Enhancing CBDC Infrastructure
CBDCs represent one of the most revolutionary applications of blockchain technology. Unlike traditional fiat currencies, CBDCs are digital forms of a country’s legal tender, issued and regulated by the central bank. They offer the promise of increased financial inclusion, reduced transaction costs, and enhanced monetary policy implementation. However, the development and deployment of CBDCs require robust, scalable, and secure technological frameworks—areas where blockchain excels.
Spydra, with its innovative blockchain solutions, is well positioned to support the infrastructure necessary for CBDC implementation. By leveraging blockchain’s inherent qualities such as transparency and immutability, CBDCs can achieve a higher degree of trust and reliability among users. Hitachi Payments’ decision to invest in Spydra not only reinforces its commitment to digital transformation but also highlights the strategic importance of CBDCs in shaping the future of monetary systems.
C. Implications for the Broader Blockchain Ecosystem
From an industry perspective, this investment is indicative of a broader trend where traditional financial players are increasingly collaborating with blockchain startups to drive innovation. The integration of blockchain technology into established financial systems is expected to accelerate the adoption of digital currencies and foster the development of new financial products. Moreover, such strategic investments are likely to inspire further consolidation in the blockchain space, as more companies seek to leverage the benefits of decentralized technology.
In our view, Hitachi Payments’ move serves as a wake-up call for other financial institutions that may have been hesitant to embrace blockchain technology. By proactively investing in blockchain solutions and CBDC infrastructure, Hitachi Payments is positioning itself at the forefront of a paradigm shift that could redefine the future of global finance. The strategic implications extend beyond the immediate benefits of enhanced payment systems; they also signal a commitment to innovation, digital trust, and a more inclusive financial ecosystem.
Source: The Paypers
II. PURE WALLET Launches the World’s First ISO-Certified Offline Blockchain Wallet
A. Setting a New Standard for Security and Trust
In a groundbreaking announcement that has sent ripples through the crypto community, PURE WALLET has unveiled the world’s first ISO-certified offline blockchain wallet. As highlighted by Globe Newswire, this pioneering product by PURE WALLET LLC and NS Lab represents a major milestone in enhancing the security and reliability of digital asset storage. In an industry where security breaches and hacks are all too common, an offline wallet that meets rigorous ISO certification standards is a significant advancement.
Digital wallets are essential tools in the cryptocurrency ecosystem, enabling users to store, send, and receive digital assets securely. However, the rise of cyberattacks and phishing scams has underscored the need for wallets that offer superior security features. PURE WALLET’s latest offering not only addresses these concerns but also sets a new benchmark for the industry. By operating offline, the wallet minimizes exposure to online threats, ensuring that private keys and sensitive data remain secure even in the event of network vulnerabilities.
B. The Importance of ISO Certification in Blockchain Security
ISO certification is a mark of quality and reliability, indicating that a product or system meets international standards for security, efficiency, and performance. For a blockchain wallet, ISO certification is especially significant because it reassures users that their digital assets are protected by the highest security protocols available. In a market where trust is paramount, such certifications can play a critical role in driving mass adoption and enhancing user confidence.
The launch of PURE WALLET’s ISO-certified offline blockchain wallet is expected to have far-reaching implications for the broader cryptocurrency market. By setting a high standard for security, the product is likely to influence competitors and encourage the development of similarly robust solutions. Moreover, the integration of such advanced security features could pave the way for increased institutional investment in digital assets, as enterprises look for reliable ways to safeguard their crypto holdings.
C. Market Impact and Future Outlook
From an opinion standpoint, PURE WALLET’s innovation represents a critical step forward in the evolution of digital asset security. As blockchain technology continues to disrupt traditional financial systems, the need for secure, user-friendly wallets becomes increasingly urgent. The success of this ISO-certified solution could serve as a catalyst for broader industry adoption, ultimately leading to a safer and more resilient crypto ecosystem.
In our view, the introduction of this cutting-edge wallet is not just about technological innovation—it is also about establishing a new culture of security and trust in the digital realm. As cyber threats continue to evolve, the industry must remain vigilant and proactive in developing solutions that protect users’ interests. PURE WALLET’s latest product is a shining example of how rigorous standards and innovative thinking can combine to create a safer, more secure future for blockchain technology.
Source: Globe Newswire
III. Blockchain Lull as DLT Enthusiasts Wait for ECB Steer
A. A Pause in the Momentum: What’s Behind the Lull?
While the blockchain and cryptocurrency sectors have experienced unprecedented growth over the past decade, recent reports from Global Capital indicate that the industry is currently in a state of relative calm. According to the report, there is a noticeable lull in blockchain developments as Distributed Ledger Technology (DLT) enthusiasts and investors await critical guidance from the European Central Bank (ECB). This period of anticipation has led to cautious optimism, as stakeholders hope that the ECB’s forthcoming steer will provide much-needed clarity on regulatory matters and stimulate renewed momentum in the market.
The ECB’s involvement in the blockchain space is highly anticipated, as its guidance could significantly influence the direction of digital asset regulation in Europe. With regulators around the world grappling with how to balance innovation and risk, the ECB’s stance on blockchain and digital currencies is expected to have far-reaching implications for both established financial institutions and emerging fintech startups.
B. Regulatory Uncertainty and Its Impact on Innovation
Regulatory uncertainty has long been a double-edged sword for the blockchain industry. On one hand, a lack of clear guidelines can hinder innovation by creating an environment of risk and unpredictability. On the other hand, overly strict regulations could stifle the very innovation that blockchain technology promises to deliver. The current lull in blockchain activity reflects a broader hesitation among investors and developers who are wary of committing resources until they have a clearer understanding of the regulatory landscape.
The anticipation surrounding the ECB’s upcoming guidance is a testament to the critical role that regulatory bodies play in shaping the future of blockchain. By establishing clear, consistent policies, regulators can create an environment that encourages innovation while protecting consumers and financial systems. In our view, the ECB’s steer could be the catalyst that the blockchain industry needs to overcome the current stagnation and accelerate the adoption of DLT solutions across Europe and beyond.
C. Looking Ahead: Opportunities and Challenges
The pause in blockchain activity, while concerning to some, also presents an opportunity for industry players to reassess their strategies and prepare for a more regulated future. As companies await regulatory clarity, many are likely to invest in strengthening their compliance frameworks and refining their business models to align with anticipated guidelines. This period of adjustment could ultimately lead to more sustainable and resilient growth in the blockchain sector.
From an opinion perspective, the current lull serves as a reminder of the delicate balance between innovation and regulation. While the industry’s rapid growth has been fueled by the promise of decentralization and disruption, the need for a stable regulatory environment cannot be overstated. The ECB’s forthcoming guidance is expected to play a pivotal role in shaping the next phase of blockchain innovation, ensuring that technological advancements are matched by robust safeguards and consumer protections.
Source: Global Capital
IV. Blockchain IoT Market Set to Hit Big Revenues: Cisco’s Vision for the Future
A. Convergence of Blockchain and IoT
In a bold forecast that underscores the transformative potential of converging technologies, recent news from OpenPR reveals that the blockchain IoT market is projected to achieve substantial revenue growth in the near future. Drawing on insights from industry leaders such as Cisco, the report highlights how the integration of blockchain with the Internet of Things (IoT) is poised to revolutionize industries ranging from supply chain management and healthcare to smart cities and energy management.
The convergence of blockchain and IoT is particularly compelling because it addresses two of the most pressing challenges in digital transformation: security and data integrity. IoT devices generate vast amounts of data, but the lack of robust security protocols has often left these systems vulnerable to cyberattacks and data manipulation. By integrating blockchain technology, which offers immutable and decentralized record-keeping, companies can ensure that IoT-generated data is both secure and trustworthy.
B. Market Drivers and Revenue Potential
Cisco’s vision for the blockchain IoT market is built on several key drivers. First, the increasing demand for secure, real-time data exchange in industrial and consumer applications is driving the adoption of blockchain-enabled IoT solutions. Second, the growing emphasis on digital transformation and the need for transparency in supply chains are compelling businesses to invest in advanced technologies that can deliver measurable improvements in efficiency and reliability.
According to the report, the potential revenue growth in this sector is not just a projection—it is a reflection of the fundamental changes occurring at the intersection of technology and industry. The blockchain IoT market is expected to generate billions in revenue as businesses worldwide recognize the value of combining secure, decentralized data management with the real-time insights offered by IoT devices.
C. Implications for Industry and Investment
From an investment perspective, the forecast for the blockchain IoT market is a clear signal that this convergence is not a passing trend but a transformative shift with long-term implications. Investors are increasingly looking to back companies that are at the forefront of developing integrated blockchain and IoT solutions, recognizing that such innovations have the potential to redefine traditional business models and unlock new revenue streams.
In our opinion, the rapid growth predicted for the blockchain IoT market reinforces the idea that the future of technology lies in the seamless integration of multiple, complementary systems. Cisco’s optimistic outlook not only highlights the revenue potential of this convergence but also underscores the need for companies to adapt to a landscape where blockchain and IoT are no longer isolated technologies, but part of a unified, secure digital ecosystem.
Source: OpenPR
V. RJ O’Brien and Phlo Systems Announce Strategic Partnership and Equity Investment
A. Forging New Alliances in a Dynamic Market
In another significant development, RJ O’Brien and Phlo Systems have announced a strategic partnership accompanied by an equity investment aimed at accelerating innovation in the blockchain space. As reported by PR Newswire, this partnership represents a collaborative effort to leverage each company’s unique strengths in order to create synergies that can drive the next wave of blockchain adoption.
Strategic partnerships such as this are essential in an industry characterized by rapid technological change and fierce competition. By combining expertise, resources, and market reach, companies can overcome individual limitations and develop solutions that are greater than the sum of their parts. The collaboration between RJ O’Brien and Phlo Systems is particularly noteworthy because it brings together a deep understanding of blockchain technology with a strong commitment to operational excellence and market expansion.
B. Investment as a Catalyst for Innovation
The equity investment accompanying the strategic partnership is designed to fuel research and development, accelerate go-to-market strategies, and expand the portfolio of blockchain-based solutions offered by the collaboration. For investors, this move is a clear indication of confidence in the long-term viability and growth potential of blockchain technology. It signals that the market is ready to embrace new models of cooperation and innovation that can drive meaningful change across multiple sectors.
The partnership and investment announcement have important implications for the broader blockchain ecosystem. It reinforces the trend of strategic consolidation, where established players and emerging startups are increasingly joining forces to tackle complex challenges. In our view, such collaborations are critical for sustaining the momentum of blockchain innovation, as they allow companies to pool their expertise and resources to create scalable, impactful solutions.
C. Strategic Implications and Future Outlook
From an opinion-driven perspective, the alliance between RJ O’Brien and Phlo Systems is emblematic of the forward-thinking mindset that is required to thrive in today’s dynamic blockchain environment. The combined focus on strategic partnerships and targeted investments reflects an understanding that the future of blockchain is built not only on technological breakthroughs but also on robust collaborative frameworks. As the industry continues to evolve, such alliances are likely to become increasingly common, driving a new era of innovation and market expansion.
Source: PR Newswire
VI. Synthesizing Today’s Blockchain Developments: Key Trends and Strategic Insights
A. A Landscape in Flux: Innovation, Regulation, and Collaboration
The stories covered in today’s briefing illustrate a blockchain landscape that is as dynamic as it is complex. With significant investments from established financial institutions like Hitachi Payments, groundbreaking technological innovations such as PURE WALLET’s ISO-certified offline blockchain wallet, a temporary pause in momentum as the industry awaits regulatory guidance from the ECB, and optimistic market forecasts for the convergence of blockchain with IoT, the day’s developments reflect the multifaceted nature of this sector.
One of the recurring themes is the balance between innovation and regulation. The investment in Spydra and the strategic moves by companies like PURE WALLET underscore the urgency of integrating cutting-edge technology with robust security and regulatory compliance. At the same time, the anticipated guidance from the ECB highlights the critical role that regulatory clarity plays in fostering sustained innovation and investor confidence.
B. The Convergence of Technologies: Blockchain, IoT, and Digital Security
Another key trend is the convergence of blockchain with other transformative technologies. The forecast for the blockchain IoT market, driven by industry giants such as Cisco, demonstrates that blockchain is no longer an isolated technology. Its integration with IoT, digital security, and even CBDCs is creating a cohesive ecosystem where each component reinforces the others. This interconnectedness not only drives efficiency and transparency but also opens up new revenue streams and business models that were previously unimaginable.
C. Strategic Partnerships and Investments: Catalysts for Growth
The strategic partnership between RJ O’Brien and Phlo Systems is a prime example of how alliances and targeted investments are fueling innovation. In an industry where change is the only constant, collaboration provides the stability and shared vision necessary to drive long-term growth. These partnerships are essential for addressing the challenges posed by cybersecurity, regulatory uncertainty, and rapid technological advancements.
D. The Road Ahead: Opportunities and Challenges
While today’s news stories highlight significant progress in the blockchain space, they also serve as a reminder of the challenges that lie ahead. Regulatory uncertainty, evolving cybersecurity threats, and the need for interoperability between different blockchain systems remain critical issues. However, these challenges are also opportunities—opportunities for collaboration, innovation, and the development of new frameworks that can harness the full potential of blockchain technology.
In our view, the blockchain industry stands at a pivotal moment. The investments, innovations, and strategic partnerships reported today are not just isolated events; they are part of a broader narrative that is reshaping finance, technology, and society as a whole. The path forward will require a delicate balance of risk-taking and caution, innovation and regulation, independence and collaboration.
VII. Concluding Thoughts: The Future of Blockchain and Cryptocurrency
As we conclude today’s briefing, it is clear that the blockchain and cryptocurrency landscape is evolving at an unprecedented pace. The developments we have explored—from Hitachi Payments’ strategic investment in blockchain and CBDC initiatives to PURE WALLET’s revolutionary offline blockchain wallet, from the regulatory lull awaiting ECB guidance to the optimistic market forecasts for blockchain IoT, and the strategic partnership between RJ O’Brien and Phlo Systems—collectively paint a picture of an industry on the cusp of significant transformation.
A. Major Takeaways
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Innovation Through Strategic Investment: The move by Hitachi Payments to invest in Spydra underscores the importance of integrating blockchain technology into traditional financial systems. This investment not only highlights the potential of blockchain to transform payment infrastructures but also paves the way for broader adoption of CBDCs.
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Raising the Bar on Security: PURE WALLET’s launch of the world’s first ISO-certified offline blockchain wallet represents a major milestone in digital asset security. In an era where cybersecurity threats are increasingly prevalent, this innovation sets a new standard for protecting digital wealth.
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Regulatory Clarity as a Catalyst: The current lull in blockchain activity, as DLT enthusiasts await the ECB’s guidance, emphasizes the need for clear regulatory frameworks. Regulatory clarity will be instrumental in spurring innovation, attracting investment, and ensuring that blockchain technologies are deployed safely and effectively.
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Convergence Drives Market Growth: The anticipated growth in the blockchain IoT market, as forecast by Cisco and other industry leaders, demonstrates the powerful synergy that can be achieved when blockchain is integrated with other transformative technologies. This convergence is set to unlock new revenue streams and drive substantial market expansion.
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Strategic Partnerships Fuel Innovation: The alliance between RJ O’Brien and Phlo Systems illustrates the critical role of strategic partnerships and equity investments in accelerating blockchain innovation. Collaborative efforts like these are essential for overcoming market challenges and fostering a robust, interconnected blockchain ecosystem.
B. Looking Forward
The blockchain industry is poised for further evolution, driven by a combination of innovative technology, strategic investments, and the increasing demand for secure, decentralized solutions. As regulatory bodies work to provide clearer guidelines and as more companies embrace the transformative potential of blockchain, we can expect to see rapid advancements across the entire digital asset ecosystem.
In our opinion, today’s developments are a clear signal that the blockchain revolution is not only ongoing but also entering a phase of maturation and consolidation. The path forward will be marked by both challenges and opportunities. Stakeholders—from traditional financial institutions and tech innovators to regulatory bodies and individual investors—must work together to harness the full potential of blockchain technology while mitigating its inherent risks.
C. Final Reflections
As you navigate the dynamic world of blockchain and cryptocurrency, remember that the landscape is continuously evolving. The developments reported today provide both a snapshot of the current state of the industry and a glimpse into the future. They remind us that innovation is not a linear process but a complex interplay of technology, regulation, and market dynamics.
We hope that this briefing has provided you with valuable insights and a deeper understanding of the key trends shaping the blockchain ecosystem. As we look ahead, one thing is certain: the blockchain revolution will continue to challenge conventional wisdom, drive transformative change, and create new opportunities for those who are prepared to adapt and innovate.
Thank you for joining us for today’s edition of Blocks & Headlines. Stay tuned for tomorrow’s briefing as we continue to bring you the latest news, expert analysis, and actionable insights from the world of blockchain and cryptocurrency. Together, we will navigate the challenges and seize the opportunities that lie ahead in this exciting and ever-evolving space.
The post Blocks & Headlines: Today in Blockchain – February 11, 2025: (Hitachi Payments, PURE WALLET, ECB, Cisco, and RJ O’Brien) appeared first on News, Events, Advertising Options.
Blockchain Press Releases
HTX Named Among Forbes’ Most Trustworthy Crypto Exchanges of 2025

SINGAPORE, Feb. 11, 2025 /PRNewswire/ — HTX, a leading global cryptocurrency exchange, today announced it has been recognized as one of “the World’s Most Trustworthy Crypto Exchanges” of 2025 by Forbes, the renowned global business media. This prestigious accolade underscores HTX’s position as a trusted and innovative force within the digital asset industry, building upon its 11-year legacy as a pioneer in cryptocurrency trading.
Forbes conducted a rigorous evaluation of cryptocurrency exchanges across a wide range of criteria, including trading volume, regulatory compliance, cost of trading, and overall security. HTX demonstrated exceptional performance across these metrics, particularly in its holdings of Bitcoin (BTC) and Ethereum(ETH), spot trading volume, and the breadth of its cryptocurrency product offerings. According to Forbes’ data, HTX currently ranks 6th globally in spot market share among all listed exchanges, a testament to its unwavering commitment to user experience and delivering superior value to its traders.
Growth Fueled by Innovation
Throughout 2024, HTX solidified its reputation as a launchpad for emerging cryptocurrencies, exemplified by its slogan “Trade new cryptos only on HTX.” The exchange listed 218 spot assets, including 171 exclusive first-to-market launches, while expanding its futures offerings with over 80 assets—nearly 70 of which delivered impressive returns exceeding 200%.
This strategic focus on high-potential assets has driven significant growth in 2024:
- 3 million new registered users
- Total trading volume increased to $2.4 trillion, doubling from the previous year.
- Spot trading led with $1.5 trillion, comprising 62% of total volume and growing 160% year-over-year.
- Futures trading reached $900 billion, a 70% YoY increase
A Vision for Financial Freedom
These achievements reflect HTX’s unwavering commitment to user-centric innovation. By combining institutional-grade security with a user-friendly interface, HTX continues to set new industry benchmarks while maintaining its position at the forefront of cryptocurrency adoption.
Moving forward, the platform will remain steadfast in its pursuit of its strategic development pillars: Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance. This unwavering focus will guide HTX as it strives to achieve its ultimate vision: “Achieving Financial Freedom for 8 Billion People on Earth”.
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, we harbor global capabilities that enable us to provide users with safe and reliable services. Our growth strategy – “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance”, underpins our commitment to providing quality services and values to virtual asset enthusiasts worldwide.
For more information on HTX, please visit the HTX Square, or https://www.htx.com/, and follow X, Telegram, Discord. For further press enquiries, please contact [email protected].
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Blockchain Press Releases
Coining 2024 ‘A Year Of Onboarding’, Sumsub Report Predicts 2025 To Intensify Crypto Infrastructure Needs

With regulations tightening globally and fraud surging by 48%, crypto platforms should be prepared to more traffic increases as well as rising user expectations
LONDON, Feb. 11, 2025 /PRNewswire/ — Sumsub, a global full-cycle verification platform, today released its State of the Crypto Industry 2025 report, offering exclusive data and insights into the major trends, challenges, and innovations shaping the crypto landscape*.
Key highlights:
- 2024 was ‘a year of onboarding’ for crypto exchanges: crypto platforms experienced a 20% rise in traffic during major market events such as the re-election of President Donald Trump and Bitcoin rallies in November 2024.
- Fraud in the crypto industry has soared by 48%, with document forgery constituting 31% of all detected fraud cases.
- 60% of crypto companies foresee stricter regulations, while only 29% fully comply with the Travel Rule.
As the industry navigates a pivotal period of growth and regulation, the report identifies three critical challenges that crypto providers faced in 2024 and should address in 2025 in order to succeed: security threats, technology capabilities, and regulation.
Security challenge: Fraud rising in the crypto sector
Sumsub’s data reveals that fraud in the crypto industry has gone up by 48%, now making up 2.2% of all verification attempts across global crypto platforms. This surge highlights the need for companies to adopt AI-powered detection, biometrics, and continuous monitoring to enhance security. Nigeria recorded the highest rate of fraud across the crypto sector, with 8.3% of verification attempts flagged as fraudulent.
The most popular fraud types are document forgery (affecting 31% of surveyed companies), phishing (20%) and money mulling (15%), followed by account takeover (14%) and forced verification (12%).
Tech challenge: traffic spikes to crypto platforms
Innovations like biometric checks, AI-backed automation and document-free verification have boosted crypto platform users’ onboarding success rates to 93.39% and reduced verification time by 46%, overall improving customer onboarding while reducing drop-off cases.
The report highlights notable innovations like document-free verification, which has enhanced verification times in every country where it was implemented, with an average improvement of 3.6%. The top-three countries with the fastest non-document user onboarding speed of 2 seconds are Brazil, the UK and Bangladesh.
Document-free identity verification has already gained adoption by 19% of surveyed companies worldwide, with Africa leading the way at 27%, showcasing the region’s openness to innovative solutions.
The key user onboarding issues that crypto providers aim to mitigate include: slow verification times, which impact 36% of surveyed companies, as well as false positives/negatives (48%). Furthermore, over half (55%) of companies reported dissatisfaction with overall user experience.
Regulatory challenge: understanding Travel Rule compliance requirements
According to Sumsub’s Crypto Industry Research Survey 2024, three-in-five (60%) companies foresee stricter regulations, emphasizing the need for proactive compliance upgrades. A key focus is the Travel Rule (FATF Recommendation 16), which urges VASPs to exchange sender-recipient information during crypto transfers. However, only 29% of companies fully comply, with unclear guidance cited as a key barrier. The gap between legal requirements rendering global crypto transactions transparent and their disproportional adoption leaves many firms at risk of sanctions and fines.
The study also highlights Sumsub’s analysis of the leading crypto-friendly hubs in 2024 with well-defined regulations, strong infrastructure, and innovation-driven environments.
“The regulatory landscape is evolving rapidly, and crypto businesses cannot afford to fall behind. Europe once appeared to be leading the world with its comprehensive MiCA regulation. However, with the Trump administration promoting crypto and advocating for a digital asset framework, the playing field is shifting. MiCA’s stringent requirements may be challenging for companies to meet, opening the door for the U.S. to reassert itself as the hub of crypto innovation,” comments Ilya Brovin, Chief Growth Officer at Sumsub. “Once deemed the ‘Wild West,’ crypto is now at an inflection point. Companies must adopt robust onboarding technology, strengthen security to protect users from fraud, and ensure compliance to avoid penalties and reputational damage.”
To explore the State of the Crypto Industry 2025 report, please visit https://sumsub.com/crypto-industry-report/
* Note on Sumsub’s research methodology
The study compares internal identity verification and user activity data from 2023 and 2024, covering pass rates, verification time, and fraud attempts across various regions. The report also features Sumsub’s Crypto Industry Research Survey 2024, which includes responses from 300+ companies across the crypto, banking, payments, and e-commerce sectors.
About Sumsub
Sumsub is the #1 verification provider for the crypto industry working with 6 out of 10 top global crypto exchanges. With Sumsub’s customizable KYC, KYB, Travel Rule, Non-Doc Verification, AML Screening, Address Verification, Crypto Transaction Monitoring and Fraud Prevention solutions, you can orchestrate your verification process, welcome more customers worldwide, maximize pass rates, meet compliance requirements, reduce costs, and protect your business.
With over 2500 clients across crypto, fintech, gaming, mobility and edtech industries, Sumsub supports the largest Travel Rule directory of 1700+ virtual asset service providers (VASPs). Having integrated TRP, GTR (owned by Binance), CODE, and Sygna, Sumsub offers fully interoperable single communication Travel Rule protocol, which aims to automate data transfers, reporting, and transaction screening to improve compliance, security, and transparency.

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