This coherent research report is an amalgamation of all relevant data pertaining to historic and current market specific information that systematically decide the future growth prospects of the Global Cryptocurrency Mining Software market. This section of the report further aims to enlighten report readers about the decisive developments and catastrophic implications caused by an unprecedented incident such as the global pandemic that has visibly rendered unparalleled implications across the Cryptocurrency Mining Software market.

This report is well documented to present crucial analytical review affecting the Cryptocurrency Mining Software market amidst COVID-19 outrage. The report is so designed to lend versatile understanding about various market influencers encompassing a thorough barrier analysis as well as an opportunity mapping that together decide the upcoming growth trajectory of the Cryptocurrency Mining Software market. In the light of the lingering C OVID-19 pandemic , this mindfully drafted research offering is in complete sync with the current ongoing market developments as well as challenges that together render tangible influence upon the holistic growth trajectory of the Cryptocurrency Mining Software market.

The study encompasses profiles of major companies operating in the Cryptocurrency Mining Software Market. Key players profiled in the report includes:Genesis MiningNiceHashAwesome MinerMinerGateWinMinerElectroneumBTCMinerHashFlareAIOMinerDroidMinerCudo MinerBitminterCoinImp

Available Sample Report in PDF Version along with Graphs and [emailprotected] https://www.orbismarketreports.com/sample-request/71429?utm_source=puja

The aim of the report is to equip relevant players in deciphering essential cues about the various real-time market based developments, also drawing significant references from historical data, to eventually present a highly effective market forecast and prediction, favoring sustainable stance and impeccable revenue flow despite challenges such as sudden pandemic, interrupted production and disrupted sales channel in the Cryptocurrency Mining Software market.

Access Complete Report @ https://www.orbismarketreports.com/global-cryptocurrency-mining-software-market-growth-status-and-outlook-2019-2024?utm_source=puja

By the product type, the market is primarily split into Desktop-WindowsDesktop-MAC OSMobile-iOSMobile-Android

By the end-users/application, this report covers the following segments Personal UseLarge EnterprisesSMEsOther

Besides presenting a discerning overview of the historical and current market specific developments, inclined to aid a future-ready business decision, this well-compiled research report on the Cryptocurrency Mining Software market also presents vital details on various industry best practices comprising SWOT and PESTEL analysis to adequately locate and maneuver profit scope. Therefore, to enable and influence a flawless market-specific business decision, aligning with the best industry practices, this specific research report on the Cryptocurrency Mining Software market also lends a systematic rundown on vital growth triggering elements comprising market opportunities, persistent market obstacles and challenges, also featuring a comprehensive outlook of various drivers and threats that eventually influence the growth trajectory in the Cryptocurrency Mining Software market.

Global Cryptocurrency Mining Software Geographical Segmentation Includes: North America (U.S., Canada, Mexico) Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS) Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific) Latin America (Brazil, Rest of L.A.) Middle East and Africa (Turkey, GCC, Rest of Middle East)

Some Major TOC Points: Chapter 1. Report Overview Chapter 2. Global Growth Trends Chapter 3. Market Share by Key Players Chapter 4. Breakdown Data by Type and Application Chapter 5. Market by End Users/Application Chapter 6. COVID-19 Outbreak: Cryptocurrency Mining Software Industry Impact Chapter 7. Opportunity Analysis in Covid-19 Crisis Chapter 9. Market Driving ForceAnd Many More

Continued

Global Cryptocurrency Mining Software Market Report: Research Methodology

In this latest research publication on the Cryptocurrency Mining Software market, a thorough overview of the current market scenario has been portrayed, in a bid to aid market participants, stakeholders, research analysts, industry veterans and the like to borrow insightful cues from this ready-to-use market research report, thus influencing a definitive business discretion. The report in its subsequent sections also portrays a detailed overview of competition spectrum, profiling leading players and their mindful business decisions, influencing growth in the Cryptocurrency Mining Software market.

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Global Cryptocurrency Mining Software Market Projected to Reach USD XX.XX billion by 2024 : Genesis Mining, NiceHash, Awesome Miner, MinerGate,...

A number of high-profile Twitter accounts were simultaneously hacked on Wednesday by attackers who used the accounts some with millions of followers to spread a cryptocurrency scam.

Apple, Elon Musk and Joe Biden were among the accounts compromised in a broadly targeted hack that remained mysterious hours after taking place. Those accounts and many others posted a message promoting the address of a bitcoin wallet with the claim that the amount of any payments made to the address would be doubled and sent back a known cryptocurrency scam technique.

In the hours following the initial scam posts, Kim Kardashian West, Jeff Bezos, Bill Gates, Barack Obama, Wiz Khalifa, Warren Buffett, YouTuber MrBeast, Wendys, Uber, CashApp and Mike Bloomberg also posted the cryptocurrency scam.

Screenshot via Twitter

While were still learning more specifics about how the hack went down, we can report that the hacker leveraged an internal Twitter admin tool to gain access to the high-profile accounts. That reporting was soon confirmed by Twitters own account of what happened. On Wednesday evening, the company tweeted that a coordinated social engineering attack on employees gave a hacker access to internal systems and tools.

Before the scope of the incident became clear, the hack appeared to focus on cryptocurrency-focused accounts. In an initial wave of scam posts, @bitcoin, @ripple, @coindesk, @coinbaseand @binance were hacked with the same message: We have partnered with CryptoForHealth and are giving back 5000 BTC to the community, followed by a link to a website.

The linked site was quickly pulled offline. Kristaps Ronka, chief executive of Namesilo, the domain registrar used by the scammers, told TechCrunch that the company suspended the domain on the first report it received. Hacked accounts shifted to sharing multiple bitcoin wallet addresses as the incident went on, making things more difficult to track.

Twitter first acknowledged the situation at 2:45 p.m. PT Wednesday afternoon, referring to it as a security incident.

At first, it appeared that some of the compromised accounts were back under their owners control as tweets were quickly deleted. But then, Elon Musks account tweeted hi after his initial tweet with the scam was deleted. The hi tweet also disappeared.

Twitter users reported seeing error messages on the platform as the situation went on. TechCrunch reporter Natasha Mascarenhas saw this error (see below) when she tried to create a threaded tweet. TechCrunch reporter Sarah Perez saw a similar error when trying to post a normal tweet. Both have verified accounts.

Twitter error message (Image: TechCrunch)

As the issues continued, many verified Twitter users also reported being unable to tweet. Around 3:15 p.m. PT, the official Twitter Support account confirmed [Users] may be unable to Tweet or reset your password while we review and address this incident. By Wednesday evening, Twitter said that most tweeting should be back to normal but functionality may come and go as the company continue[s] working on a fix.

It became clear early on that this situation was not the case of a single account being compromised as weve seen in the past, but something else altogether. Even Apple, a company known for robust security, somehow fell victim to the scheme.

Apples account was also hacked. This was the accounts first tweet. (Image: TechCrunch)

Many high profile accounts were quickly hijacked in rapid succession Wednesday afternoon, including @elonmusk, the eccentric Twitter-obsessed tech figure with a notoriously engaged fanbase. A scam tweet posted to the Tesla and SpaceX founders account simply directed users to send bitcoin to a certain address under the guise that he will double any payment a known cryptocurrency scam technique. Musks account appeared to remain compromised for some time after the initial message, with follow-up posts claiming followers were sending money to the suspicious address.

Tesla and SpaceX founder Elon Musk had his Twitter account hacked to spread a cryptocurrency scam. (Image: TechCrunch)

Some Democratic political figures were also hacked as part of the cryptocurrency scam, including Barack Obama, Joe Biden and Mike Bloomberg. An official from the Biden campaign told TechCrunch that Twitter locked down the former vice presidents account immediately after it was compromised and the campaign remains in close contact with Twitter on the issue. At the time of writing, no accounts belonging to Republican politicians appear to have been hacked.

Barack Obama had his Twitter account hacked to spread a cryptocurrency scam. (Image: TechCrunch)

Wiz Khalifas account was also compromised, as was the Twitter account of popular YouTuber MrBeast, who often posts giveaways, making his re-post of the bitcoin address particularly likely to drive followers to the scam.

The hack also hit legendary investor Warren Buffet, a prominent and harsh critic of cryptocurrencies like bitcoin. I dont have any cryptocurrency and I never will, Buffet told CNBC in February.

While the scope of Wednesdays Twitter hack is unprecedented on the social network, the kinds of scams the hacked accounts promoted are common. Scammers take over high-profile Twitter accounts using breached or leaked passwords and post messages that encourage users to post their cryptocurrency funds to a particular address under the guise that theyll double their investment. In reality, its simple theft, but its a scam that works.

The main blockchain address used on the scam site had already collected more than 12.5 bitcoin some $116,000 in USD and its going up by the minute.

A spokesperson for Binance told TechCrunch: The security team is actively investigating the situation of this coordinated attack on the crypto industry. Several other companies affected by the account hacks did not immediately respond to a request for comment.

Its not immediately known how the account hacks took place. Security researchers, however, found that the attackers had fully taken over the victims accounts, and also changed the email address associated with the account to make it harder for the real user to regain access.

Scammers frequently reply to high-profile accounts, like celebrities and public figures, to hijack the conversation and hoodwink unsuspecting victims. Twitter typically shuts these accounts down pretty fast.

A Twitter spokesperson, when reached, said the company was looking into the matter but didnt immediately comment.

This story is developing. Stay tuned for updates.

Below are screenshots of some of the hacked accounts.

Link:

Apple, Biden, Musk and other high-profile Twitter accounts hacked in crypto scam - TechCrunch

In an unexpected to say the least case of first impression, the United States Court of Appeals for the Fifth Circuit, essentially, blew away the privacy doors of the cryptocurrency world when it forced a Bitcoin exchange to disclose user data to the federal government without being served a warrant. See USA v. Gratkowski, Case number 19-50492, (5th Cir. 2020). This Bitcoin exchange use blockchain technology that records every transaction in a publicly accessible ledger, but the persons owning the actual Bitcoin addresses are not known.

The appellate court found that the government could subpoena a cryptocurrency exchange, and obtain records since there was no violation of the defendants Fourth Amendment rights. The court reasoned that users of the digital coin exchanges have no greater privacy rights than those people who have accounts at ordinary banks. The court also held that Bitcoin traders have no expectation of privacy for information published on the public blockchain.

This decision also implicated the United States Supreme Courts recent decision requiring a warrant to access cellphone records in Carpenter v. United States. In this case, however, the court said only a subpoena was necessary because it was similar to bank records where there is not necessarily a Fourth Amendment protection. The court also indicated that no one considered Bitcoins to be as central to someones daily life like cellphones.

It would appear that, despite the well-known privacy benefits of blockchain technology, this court apparently believes these exchanges fall under the third-party doctrine, whereby there is no expectation of privacy when a party turns over their information voluntarily to a third party, including, but not limited to, banks. The court found that both traditional banks and cryptocurrency exchanges would be subject to the Bank Secrecy Act of 1970, the statutory authority requiring financial institutions to turn over financial records.

Nonetheless, this decision may have a chilling effect on the blockchain and cryptocurrency industry. Many participants have been drawn to this medium because it offers high degree of privacy. It is possible that this decision may cause a great deal of anxiety in this area.

As a result, it is more likely that law enforcement authoritiescivil and criminalwill be seeking information from Bitcoin exchanges. Conversely, it is also likely that Bitcoin exchanges will probably publish less information and seek enhanced privacy protections. Accordingly, these issues should be carefully discussed with counsel when proceeding in the future.

[View source.]

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Bitcoin Exchanges And The Cryptocurrency World Was Just Rocked - JD Supra

Brave New Coin, a crypto-asset trading, research, and data firm, has agreed to a multi-year partnership with Toronto Futures Options Swaps Exchange or tFOSE, a derivatives exchange and clearinghouse thats in the process of obtaining regulatory approval in Canada.

Brave New Coin will be designing, calculating, and administering several different cryptocurrency indices that will be used to power cash-settled options trading on tFOSE.

An options contract is an agreement between two consenting parties to carry out a potential transaction with a particular asset at a predetermined price and date. Purchasing an options contract provides the right (and not the obligation) to buy or sell the underlying asset.

As mentioned in a release shared with CI:

Canada has not yet made significant progress in bringing institutional-grade cryptocurrency products to the market. Brave New Coins indices will enable tFOSEs clients both in Canada and globally to trade crypto derivatives on a fully-regulated Canadian exchange. This allows traders to diversify their portfolios and exposure, hedge risk, and access an emerging asset class without having to directly hold the underlying cryptocurrency as they are cash-settled products.

James Beattie, President and CEO at tFOSE, stated that after conducting relevant research and performing due diligence, tFOSE chose Brave New Coin for generating cryptocurrency market data and indices.

Beattie added that Brave New Coin meets all of his companys requirements, which include a unique approach to designing indices that should help tFOSe satisfy the needs of its retail and institutional investors.

Fran Strajnar, CEO and Founder of Brave New Coin, remarked:

The crypto ecosystem is maturing and demand for regulated investment products from institutional markets is growing. Weve dedicated our company to building products that bring institutional-grade services to this emerging asset class.

Brave New Coin offers various data and index solutions to its partners which include NASDAQ, Amazon Alexa, BTSE.com, TPICAP and Dow Jones Factiva. When people ask Amazons Alexa for the price of any digital currency, her answer reportedly comes from Brave New Coins data engine.

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Brave New Coin to Develop Cryptocurrency Indices that Toronto Futures Options Swaps Exchange will Use for Cash-Settled Options Trading - Crowdfund...

According to this study, over the next five years the Cryptocurrency Exchanges market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global revenue market share of key companies in Cryptocurrency Exchanges business, shared in Chapter 3.

This report presents a comprehensive overview, market shares and growth opportunities of Cryptocurrency Exchanges market by product type, application, key companies and key regions.

Get a PDF sample of this report @https://www.orbisresearch.com/contacts/request-sample/2902396

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.

This study considers the Cryptocurrency Exchanges value generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.

Access the complete report @https://www.orbisresearch.com/reports/index/global-cryptocurrency-exchanges-market-growth-status-and-outlook-2019-2024

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

Major Points from Table of Content:

1 Scope of the Report

2 Executive Summary

3 Global Cryptocurrency Exchanges by Players

4 Cryptocurrency Exchanges by Regions

5 Americas

6 APAC

7 Europe

8 Middle East & Africa

9 Market Drivers, Challenges and Trends

10 Global Cryptocurrency Exchanges Market Forecast

11 Key Players Analysis

11.1 Binance

11.1.1 Company Details

11.1.2 Cryptocurrency Exchanges Product Offered

11.1.3 Binance Cryptocurrency Exchanges Revenue, Gross Margin and Market Share (2017-2019)

11.1.4 Main Business Overview

11.1.5 Binance News

11.2 Coinbase

11.2.1 Company Details

11.2.2 Cryptocurrency Exchanges Product Offered

11.2.3 Coinbase Cryptocurrency Exchanges Revenue, Gross Margin and Market Share (2017-2019)

11.2.4 Main Business Overview

11.2.5 Coinbase News

11.3 Poloniex

11.3.1 Company Details

11.3.2 Cryptocurrency Exchanges Product Offered

11.3.3 Poloniex Cryptocurrency Exchanges Revenue, Gross Margin and Market Share (2017-2019)

11.3.4 Main Business Overview

11.3.5 Poloniex News

Continue

12 Research Findings and Conclusion

Have any query? Feel free to ask us @https://www.orbisresearch.com/contacts/enquiry-before-buying/2902396

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Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

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Cryptocurrency Exchanges Market 2020 Global Trend, Growth, Demand, Size, Segmentation and Opportunities Analysis and Forecast To 2024 - 3rd Watch News

Bitcoin and cryptocurrencies have seen a surge in popularity in recent months due to unprecedented economic stimulus measures, with some smaller cryptocurrencies seeing massive gains.

The bitcoin price, after quickly rebounding from a coronavirus-induced crash in March, has been treading water at just under $10,000 per bitcoin since May and has been on a slight downward trend over the last year.

However, other cryptocurrencies have soared, including chainlink's link tokennow up a staggering 1,000% on May last year.

The bitcoin price has struggled over the last year, even as some smaller cryptocurrencies have made ... [+] massive gains.

Chainlink, an ethereum-powered cryptocurrency that trades under the name link, has been boosted by a surge of interest in decentralized finance (DeFi)the idea that blockchain entrepreneurs can use bitcoin and crypto technology to recreate traditional financial instruments such as loans and insurance.

The chainlink price this week hit an all-time high of $6.49 per link token, according to data from bitcoin and crypto exchange Coinbase, adding 60% over the last month and taking it to touching distance of the top ten most valuable cryptocurrencies. Chainlink, designed to bridge payment services and blockchains such as bitcoin and ethereum, was created in 2015 and offered its link tokens to investors in a 2017 initial coin offering (ICO) at $0.11 per token, raising $32 million.

"We're seeing this spike as the chainlink network is getting scaled usage powering DeFi, connecting on-chain DeFi smart contracts to off-chain data feeds like commodities and crypto price data," Vance Spencer, co-founder of chainlink investor Framework Ventures, said via email.

"Firms outside of crypto are also starting to realize the power of enterprise smart contracts powered by robust oracle networks and the decision of the Chinese government to integrate chainlink oracles into their national blockchain services network is a legitimately huge deal."

Chinas Blockchain Service Network was launched on July 5 by Chinas State Information Center, China Mobile, China Unionpay, and Red Date Technologies with the aim of making blockchain development easier and uses chainlink's "oracles" to transfer data from blockchains to real-world data or a non-blockchain databases.

"Chainlinks adoption has created incredible community momentum," Spencer said, pointing to the likes of technology and banking giants Google, SWIFT, and Oracle creating partnerships and pilot programs with chainlink.

"The link rally is being driven by a multitude of factors, the most important of which is its sheer potential to unlock all the promise that smart contract platforms have so far failed to deliver on," Spencer said, adding chainlink's technology could mean "were essentially witnessing the 'Uberization' of data," referring to ride-hailing app Uber's disruption of the traditional taxi market.

"Holders of the link token will eventually have the ability to participate in the crowdsourcing process, and will earn money for doing so. For a certain class of investors, the right to provide data for smart contracts is a potentially incredible opportunity to develop steady passive income streams based on the data economy."

As the link price has climbed over recent months, other bitcoin and cryptocurrency investors have bought in, somewhat driven by fear of missing out.

"Very real possibility that chainlink will be bigger than bitcoin one day," crypto analyst Timothy Peterson of Cane Island Alternative Advisors said via Twitter this week. "The applications are enormous. I moved all my excess dollars out of Chase and into link."

The chainlink price has risen 60% over the last month, hitting a fresh all-time high and pushing it ... [+] toward the top ten most valuable cryptocurrencies. The bitcoin price has lost 2% over the same period.

Vance is confident the link price will continue to climb and has predicted link, currently worth a total of $2.2 billion, will eventually eclipse ethereum's $26 billion market capitalization.

"We believe that the winner of the smart contract platform war will eventually be worth several factors greater than ethereums current market cap," Vance said.

"If that is the case, then it is only natural that the security layer of that winner, chainlink, will also grow significantly in value. We also expect interest in chainlink to further increase once staking is introduced, as people will scramble to essentially buy the right to become a data provider for the smart contract universe."

Some other cryptocurrencies that use so-called proof-of-stake instead of bitcoin's proof-of-work model have seen their price rocket in recent months.

Tezos, which styles itself as a "self-amending cryptographic ledger" and uses the proof-of-stake consensus model, has seen the price of its XTZ token double since the beginning of 2020.

Tezos holders, if their funds are stored in certain wallets, can "stake" their XTZ and receive additional tokens as a reward for creating and verifying new blocks in the chain.

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As Bitcoin Struggles, This Minor Cryptocurrency Has Soared 1,000% In Just Over 12 Months - Forbes

We have seen investors and consumers alike deliberate about what the economy will look like post-pandemic. As the world emerges from the crisis, industries that have been shut down will be left surveying the widespread damage, some of it permanent. Consumers will likely be split between the fortunate ones that have been able to work and others whose livelihoods have been compromised as a result of the shutdown.

To mitigate the sever economic impact, governments and central banks globally are printing and distributing extra money to prop up parts of the economy which can no longer function at pre-Covid capacity levels. In the UK alone, an estimated 123bn has already been plugged into the economy and there are estimates that Bank of England stimulus levels could peak at 1 trillion.

Despite the argued necessity of these measures, it is almost impossible not to question the impact on inflation. This massive increase in governmental quantitative easing will have an impact on the global economy, and for asset prices in particular. While inflation is defined as the rate at which the average price level that particular goods and services increase over a period of time, its easier in this context to regard it as the result of a decrease in purchasing power.

As a result, investors will often look safe-haven assets that could provide a hedge against rising prices and avoid the destructive impact of inflation. Gold price is one indicator, and at the time of writing it is seeing a ten-year high while Londons FTSE 100 tumbled 2.8 per cent, and the Eurex Exchange reported a 59 per cent month-on-month decline since April volume. Historically gold had been used as a hedge to protect against economic events including inflation or currency devaluation. Although we can expect this use to continue as a popular option, the pandemic has shown a shift in consumer interest to other safe haven asset classes.

Cryptocurrency is an alternative method of inflation protection which should not be overlooked. Although previously appearing as counterintuitive due to perceived volatility, digital assets have held their own against the stock market, unlike other commodities such as oil. The value of oil has crashed due to vanishing demand and a resulting supply excess causing the price to fall to negative value.

While the comparison between gold and crypto has some nuances the broader theme of Bitcoin as a protective hedge against inflation has broken through especially after the BTC halving we saw in early May. This event has brought attention to Bitcoins controlled supply, with only 21 million max tokens being permitted. At a time when more paper currency is being created in circulation, the amount of Bitcoin halving is causing investors to look away from government-backed paper. While also highlighting the use of cryptocurrency generally as a means of exchange within a more digitally oriented world economy.

In contrast, digital assets have seen a different story. Without the worry of political interference and variable supply rates, cryptocurrencies can benefit from being a less vulnerable investment in times of crisis. We have seen that Bitcoin is still up 22 per cent from a year ago. Newer coins like Tezos are up around 30 per cent so far this year. Both digital currencies highlight that crypto volatility is potentially a sign of the past, especially when compared to the volatility in traditional asset markets.

With crypto trading operating 24/7, 365 days a year with instantaneous settlement while traditional equities still have fixed trading hours and have a settlement cycle of T+3, crypto can provide even more perceived security and flexibility for investors. Cryptocurrencies can also be used as a tool for portfolio diversification and as a method of protection against the economic and political uncertainties to come.

We have witnessed economic disruption before, across ongoing periods of hyperinflation in Venezuela and Zimbabwe more recently, and in Weimar Germany in the 1920s. While it is not helpful to draw comparisons across these countries or their respective banking systems, it is worth taking note of the value crypto offers in terms of being an alternative to unstable national currencies.

Well-known investors such as Paul Tudor Jones are buying bitcoin, saying that his fund may hold as much as a low single-digit percentage of assets in bitcoin futures a measure to protect against a rise in inflation. While Mike Novogratz stated that 2020 will and needs to be Bitcoins year, underlining further investor confidence in digital currencies. Data reinforces this view, by looking at results from the crypto asset manager Grayscale. In Q1, inflows north of $500 million, more than doubling its previous best quarter. Almost a third of this capital came from new investors and most being institutions. Almost every indication that inflationary fears shall add to the tailwinds already powering fresh investment in cryptocurrency, among them institutional involvement and improving regulation.

Bitcoin is inherently structured to encourage a deflationary approach and a relatively stable store of value acting as a true alternative to hedge against inflation, as well as the policies that precede it.

While digital assets emerged out of the embers of the 2008 financial crisis, we can only speculate what technological innovations will rise post-pandemic. Hopefully, the global economy will allow cryptocurrencies to solidify their place in future investment portfolios as it currently demonstrates strong performance and price sustainability.

We are beginning to see the early signs are already there, that investors are turning to cryptocurrencies both as a key tool for diversification and a hedge against uncertainties to come. Ultimately, we are just at the tip of the iceberg when it comes to truly understanding the vast opportunities that digital assets and blockchain for transforming the global economy and we are ready for this challenge.

Stephen Stonberg, COO and CFO, Bittrex Global

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Cryptocurrency as an alternative during times of inflation - ITProPortal

Grammy Award-nominated singer Akon outlined several potential use-cases for his upcoming cryptocurrency known as Akoin, in a talk at the Binance 'Off the Charts' virtual conference. Joined by Hollywood film producer and Akoin co-founder Jon Karas, the two discussed the current state of the Akoin project.

Akon made sweeping statements that the cryptocurrency will empower Africans and break down some of the major hurdles they face in their everyday lives such as inflation, government mismanagement of funds, and corruption.

Because many African fiat currencies suffer from rampant inflation, including the West African CFA franc used in eight African countries, he explained, it is very difficult to exchange these into other currencies. When he travelled to his home country of Senegal, he found that he was unable to exchange CFAs to Euroswhich in combination with advice from Blockchain Capital founder Brock Pierceled Akon to create his own coin.

To make it easier to exchange the tokens, they will have an internal conversion mechanism, which will allow holders to convert in and out of other cryptocurrencies, fiat currencies, and prepaid cell minuteswhich are exchanged as currency by many Africans. The Akoin wallet app will also allow users to "learn, earn, spend, and save."

Moderating the chat, Binance CEO Changpeng Zhao asked Akon whether Akoin would be accepted for his concert tickets, to which Akon replied: The concert is one of the biggest utilization tools, not only for myself but all the others on my label. [...] The whole idea is to be able to utilize crypto for everything that we're doing.

Akoin is currently expected to launch via an initial coin offering (IEO) on crypto exchange Bitfinex. Ten percent of the total supply, 45 million coins, will be sold at a rate of $0.15 each.

Technical specifications for the cryptocurrency haven't yet been released, but it will likely be based on the Stellar blockchain. Likewise, the exact launch date for the cryptocurrency is still up in the air, but the month of July was recently touted as the potential launch date.

Akon also revealed new details about his upcoming Akon City project, elaborating on plans to turn the city into a healthcare hub.

According to Akon and Karas, Akon City is being built around a 5,000-bed state of the art hospital and has a medical ship nearby. The medical facilities in the city will be run by leading doctors and like everything else in the city, can be paid for using Akoin.

Akon also hinted that both the medical staff and general inhabitants of the city will also be paid in the cryptocurrency.

"There is potential for medical tourism over time," Karas added.

To assist with bringing this vision to fruition, Akon was gifted a 2,000-acre parcel of land just outside of the Senegal capital of Dakar by the current president of the country, Macky Sall. Construction of the project began in March 2019 and could take up to 10 years to completeassuming cryptocurrency will survive that long.

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Akon sets out vision for his cryptocurrency and Akon City - Decrypt

Blockchain technology, along with cryptocurrency, is getting significant attention from the public sector and governments of late. The coming years would witness the first real-world implementations of central bank-backed digital currencies, commonly referred to as CBDCs

Fremont, CA: The advancements in blockchain technologies and the interest of various sectors and governments in crypto development have somewhat watered down the volatility surrounding the cryptocurrency industry. The last year was indeed a good year for the industry, with the cryptocurrency market marking a three-fold growth. The constant widening of the regulatory windows in a few countries have also played a part in this growth, and surprisingly, the digital cryptocurrency bitcoin has been at the front and center of this market capitalization. 2019 also witnessed new trading solutions, groupings, and blockchain protocols emerging and maturing. According to recent reports, at least 3 million people are actively trading in cryptocurrency at any given point in time. Experts believe that the coming years will open up the adoption of cryptocurrency into new domains and spur the investment.

The gradual warming up of the governments towards cryptocurrency usage has been one of the breakthroughs for the industry. Blockchain technology, along with cryptocurrency, is getting significant attention from the public sector and governments of late. The coming years would witness the first real-world implementations of central bank-backed digital currencies, commonly referred to as CBDCs. While Venezuela had already launched their cryptocurrency in 2018, the Chinese government has recently begun a pilot program for an official digital version of its currency. The coming years could see more governments venturing into investments in cryptocurrency.

Corporates have also started launching their cryptocurrencies. For instance, Facebooks announcement of launching its blockchain digital currency Libra had taken the crypto market by storm. Several other big business organizations like Walmart, Tencent, AirAsia, J.P. Morgan, and Mitsubishi are also planning to unveil their decentralized ledgers and blockchains. Similarly, several key players in the fintech and finance sectors have already entered the crypto-space.

Governments throughout the world are drafting crypto-friendly regulatory frameworks recognizing the potential of digital currencies. Notably, the industry will also witness the increasing integration of artificial intelligence (AI) and machine learning into blockchain technology. According to experts, some other crucial upgrades are also around the corner that could ensure the privacy and scalability of the cryptocurrency network.

See also:Top Artificial Intelligence Solution Companies

Original post:

Is the Future of Currency Digital? The Ongoing Trends in Cryptocurrency - CIO Applications

Huobi,has seen aninflux of traditional and institutional traders jointheirplatform and take advantage of the Huobi Futures market place. As ofMay 6, Futures and Swap Trading Volume at Huobi topped$5.2 billion, with 24 hour perpetual swap trading volume hitting$2.2 billion this is off a product that was only launched in April.

Whatis most interesting to see is that the Institution trading percentage on Huobi futures is estimated to as high as 30 to 40 percent.

This year has been a defining one for a number of reasons. The world has faced a global pandemic, and the traditional markets and economies around the planet have had to try and deal with this unprecedented event. It has also been a year that looks set for greater interest in cryptocurrency investment.

Internally, the cryptocurrency space has been on the rise in the mainstream as regulations, governments, and traditional institutions have come to normalize and legitimize much of the space. But now, externally, there is financial uncertainty in the traditional space and many retail and institutional investors are casting their eyes to new avenues.

Recommended AI News: AiThority.Com Interview With Matt Gyde, CEO Of NTT Ltd.S Security Division

Peoplehave seenPaul Tudor Jonespraise Bitcoinfor its potential as a speculative asset, stating he invests a small percentage of his portfolio in the coin, but expects it to be the best performer.People havealso seenGrayscale Bitcoin Trustbuying up a major portion of coins newly mined after the Bitcoin halving.

But, what is it that is drawing institutional interest into the cryptocurrency market other than the current internal and external factors surrounding it.Huobispoke withCiara Sun, VP of Huobi Global Markets,to find out more.

What makes the market grow?

The price volatility and high liquidity of digital assets are especially attractive to investors, explainedCiara Sun. The crypto market is unique in that it can fulfil both demands in liquidity and volatility.

For example, traditional investments like real estate have price volatilities but lack of liquidity. Foreign exchange markets have high liquidity but lack price volatility. Investors see arbitrage opportunities in crypto as an emerging market. Anabove averagerange annual return can be seen as good performance in the traditional market, but is actually a quite mediocre return in the crypto derivative market.

Clearly, the crypto market is an exciting place to be for investors. It is renowned for its high volatility, but this is a double-edged sword. For people who know how to trade well, and be safe, volatility is indicative of opportunity.

But, there is also the opportunity to use crypto to be safe and to avoid risky situations.

Recommended AI News: AiThority Interview With Frederic Beneteau, VP Head Of Customer Business Team At Nokia

Additionally, digital assets can offer investors a way to hedge risk against government intervention. Traditional assets are directly influenced by monetary policies and economic measures like quantitative easing, but digital assets are decoupled from the acts of any one nation or governing body. At a time when governments around the world are printing currency to stabilize their economies, digital assets can be one way to hedge against inflation,Ciara Sunadded.

On Huobi, we have seen a 3-4X growth in institutional trading on derivative markets since early last year. Institutional clients now account for 40% of our trading volume. Our growth inRussiais especially pleasing.

Generally speaking, whether for institutional or individual traders, they want to choose a trading platform with good liquidity and market capitalization. Huobi manages 5% of crypto assets in the market and we are ranked the number 1 in liquidity by Coinmarketcap.

A reliable platform

Part of the growth in interest in the cryptocurrency space from institutional investors is also part of the growth of cryptocurrency providers. The expansion of CME and Bakkt is one side of it, but many institutions are coming to places like Huobi because of the professional platform provided.

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Huobi Global Provides Insight on What Is Driving the Institutional Interest - AiThority

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According to the report, the availability of the decentralized system and the absence of fees on transactions is expected to drive the growth of cryptocurrency market during the forecast period.

Cryptocurrency can be termed as a virtual currency that is used as a medium of exchange and transaction which is secured and has gained much popularity in todays economic world. Most of the important transactions have now shifted to the use of cryptocurrency and a huge segment of the market is now shared by these currencies.

Growth in the number of digital transactions and the availability of a much-secured transaction through cryptocurrencies are the key factors for the growth of Global Cryptocurrency Market. The absence of interest rates or exchange rates on transactions has enabled it to gain worldwide recognition and has led many people to invest in this market. Many other benefits like protection from fraud, low fees, quick international transfers and non-regulation of transactions have led to the growth of the global cryptocurrency market.

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Some of the key Impact Factors:o Secured transaction facilitieso Availability of decentralized system and absence of fees on transactionso Unavailability of Government regulations

Insights about the regional distribution of market:

The market has been segmented in major regions to understand the global development and demand patterns of this market.For cryptocurrency market, the segments by region are for North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World. During the forecast period, North America, Asia Pacific, and Western Europe are expected to be major regions on the cryptocurrency market.

North America and Western Europe have been one of the key regions with technological advancements in ICT, electronics & semiconductor sector. Factors like the use of advanced technology and the presence of global companies to cater to the potential end-users are favorable for the growth of cryptocurrency market. Also, most of the leading companies have headquarters in these regions.

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The Asia Pacific is estimated to be one of the fastest-growing markets for cryptocurrency market. Major countries in the Asia Pacific region are China, Japan, South Korea, India, and Australia. These economies in the APAC region are major contributors in the ICT, electronics & semiconductor sector. In addition to this, government initiatives to promote technological advancement in this region are also one of the key factors to the growth of cryptocurrency market. The Middle East and rest of the World are estimated to be emerging regions for cryptocurrency market.

By Application:RemittanceTradingE-commerceRetailPaymentOthers

By Process:TransactionMining

By Offering:HardwareGPUASICFPGAWalletSoftwareOthers

By Region:North AmericaBy Country (US, Canada, Mexico)By ApplicationBy ProcessBy Offering

Western EuropeBy Country (Germany, UK, France, Italy, Spain, Rest of Europe)By ApplicationBy ProcessBy Offering

Eastern EuropeBy Country (Russia, Turkey, Rest of Eastern Europe)By ApplicationBy ProcessBy Offering

Asia PacificBy Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)By ApplicationBy ProcessBy Offering

Middle EastBy Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)By ApplicationBy ProcessBy Offering

Rest of the WorldBy Region (South America, Africa)By ApplicationBy ProcessBy Offering

Companies:Bitmain, NVIDIA, Xilinx, Intel, Advanced Micro Devices, Ripple, Bitfury, Ethereum Foundation, CoinBase, BitGo, and Binance

Reasons to buy this report:Market size estimation of the cryptocurrency market on a regional and global basisThe unique research design for market size estimation and forecastsProfiling of the major companies operating in the market with key developmentsBroad scope to cover all the possible segments helping every stakeholder in the market

Customization:We provide customization of the study to meet the specific requirements:By segmentBy sub-segmentBy region/ country

Contact:Quince Market InsightsAjay D. (Knowledge Partner)Office No- A109Pune, Maharashtra 411028Phone: +91 706 672 4848 +1 208 405 2835 / +44 121 364 6144 /Email:[emailprotected]Web:www.quincemarketinsights.com

ABOUT US:QMI has the most comprehensive collection of market research products and services available on the web. We deliver reports from virtually all major publications and refresh our list regularly to provide you with immediate online access to the worlds most extensive and up-to-date archive of professional insights into global markets, companies, goods, and patterns.

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Latest News On The Cryptocurrency Market | Intel, CoinBase, BitGo, and Binance - Jewish Life News

Cryptocurrency is the next big thing in the world after computers and the internet. Cryptocurrency has the potential to aid a countrys economy, however, the revolutionary technology is on halt across India from 2018. The Reserve Bank of India or RBI did impose certain restrictions on cryptocurrency that prevents cryptocurrency firms from getting any financial aid from the banking institutions. Further, this has put the vast and ever-growing cryptocurrency sector in an absolute state of oblivion. By the end of the first quarter of 2020, the Supreme Court has lifted the restrictions on cryptocurrency trading and mining in India.

India is one of the largest democratic countries in the world and four years ago we witnessed demonetization. People across the country, honest and daily wagers who had nothing to hide from the federal banks or the government had a tough time to fulfil their basic amenities such as food, water, and shelter. The inescapable truth is after the price of Bitcoin surged to $18,000, Indians could have been benefited significantly by investing in the sector. Its never too late to make some changes that would benefit the economy of a country. There is a highly likely chance that India will witness a paradigm shift in the economy now that cryptocurrency is legal in the country.

Cryptocurrency will bring a new frontier in economic growth

For a couple of years now, India did miss out on a massive opportunity to make funds with cryptocurrency with RBI deeming cryptocurrency as illegal. More than $5.5 billion is reportedly invested into numerous blockchain start-ups, worldwide. Previously, blockchain start-ups in India used to receive only 0.2% or below in terms of investment. Another Asian country, Singapore which is an early adopter of cryptocurrency did receive over $744 million in terms of capital inflows.

Cryptocurrency is providing reaping benefits to early adopters such as European countries, China, and the US. Given that the entire world is watching the next moves that China is going to put after the COVID-19 and the potential war, China and the US are racing to be leaders in both cryptocurrency and blockchain since the worldwide acclamation of the technology.

In Asia Philippines and Thailand have already kickstarted the curation of regulatory guidelines to support the local cryptocurrency trading and investment with tools like the Bitcoin Up trading robot. Additionally, both Thailand & the Philippines have already begun to develop frameworks that would boost the protection of the investor and at the same time approve licenses for numerous cryptocurrency exchanges.

Its not too late for India to establish itself as an innovative cryptocurrency and blockchain hub as the scenario is finally in the favour of cryptocurrency enthusiasts and traders. India has diversified and skilled Information Technology developers as well as entrepreneurs, who could aid the company to become a leader in cryptocurrency as well as blockchain.

RBIs Stance on Cryptocurrency

None of the governments and central banks across the world can ignore non-fiat currencies as they bring benefits of their own. In time, RBI might consider curating its own cryptocurrency that will act as a common bridge between fiat currency and cryptocurrency exchanges and transactions. The reason why RBI and other central financial bodies. Additionally, cryptocurrencies also possess several features that the conventional fiat currency doesnt and these are the primary reasons why people are in love with cryptocurrency.

Cryptocurrency and blockchain also bring comfort to the speculators as blockchain generates an enormous money supply. Technically, the central banks do not control money or the rate of inflation. Also, the money supply is governed by challenging mathematics, and this makes receiving banking ungainly as there is a need for exchanges or currency swaps.

Now that India is going through turbulence in Economy, regulating cryptocurrency is the most viable way of dealing with the great depression of the 21st Century. Sathvik Vishwanath revealed that several merchants in Bangalore still take the payment in Bitcoin. As of now, Indians can trade with both fiat currency and cryptocurrency. In no time, the craze of Bitcoin will catch on with the Indian masses.

How can cryptocurrency benefit India?

In India, people, regulators, traders, and miners will attain clarity regarding crowdfunding, ICOs, cryptocurrency, activities related to cryptocurrency and their products due to the recent judgement passed by the Supreme Court. Furthermore, people will get an overview of the legal stance of cryptocurrency across the country. The cryptocurrency industry in India can bring equitable growth as well as sustainability which in turn would promote country-wide economic development as well as stability.

RBI should take up the task to provide systematic guidelines concerning the cryptocurrency industry among the countrymen. The guidelines will instil people to gather licenses to avail services such as financial services, crypto exchanges, banking, payments & processing. If the central bank develops a sturdy framework that meets up with the proposed regulatory requirements, then cryptocurrency will witness a country-wide adaptation.

Institutions, corporations as well as ordinary people will benefit significantly if cryptocurrency becomes the mainstream medium of exchange in the country. Once cryptocurrency becomes accessible, the purchasing power of customers will also increase drastically. Several people in India do not have proper spending power, they could sincerely benefit from the ripple that cryptocurrency will bring forward.

The per capita income in the country is significantly lower, here cryptocurrency will not only enhance the standard of living rather also stimulate the creation of wealth. Retailers across the country have less exposure to trading in international markets. As cryptocurrencies equip traders with cross border payments seamlessly, retailers will finally find solace in international markets. Also, several people across the country do not own bank accounts, cryptocurrency will be a boon for the unbanked individuals.

India has finally entered the dynamic phase after the recent verdict of the Supreme Court. The reason as to why India has lifted the band is that banning unprecedented technology cannot be a long-term solution in the world of finance and trading. Now, the optimistic cryptocurrency enthusiast in me believes that the adoption will give rise to several new innovators, entrepreneurs, businesses, start-ups, products, and services, among others.

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Cryptocurrency regulation in India and its effect on the economy - Siliconindia.com

The detailed overview of Cryptocurrency 2020, gives you revenue statistics, market, healthcare technological factors analysis, industry chain structure and market share, size, growth are analyses in this report. Furthermore, this report gives industry policies, definitions, specification classification, a variety of applications, with this Emulsifiers Market report, one is sure to keep up with information on the dogged competition for market share and control, between elite manufacturers.

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According to orian research, the Global Cryptocurrency is estimated to reach xxx million USD in 2020 and projected to grow at the CAGR of xx% during the 2021-2026. The report analyses the global Cryptocurrency, the market size and growth, as well as the major market participants.

Key Company Coverage(Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):

ZEB IT Service

Coinsecure

Coinbase

Bitstamp

No. of Pages: 50

Development policies and plans are discussed as well as manufacturing processes and industry chain structure is analyzed. This report also states import/export, supply and consumption figures as well as manufacturing cost, global revenue and presents gross margin by regions like North America, Europe, Japan, China and other countries (India, Southeast Asia, Central & South America, Middle East & Africa etc.)

Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.):

Bitcoin (BTC)

Ether (ETH)

Application Coverage (Market Size & Forecast, Different Demand Market by Region, Main Consumer Profile etc.):

Transaction

Investment

Key Regions

Asia Pacific

North America

Europe

South America

Middle East & Africa

The report focuses on Cryptocurrency major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials, equipment and downstream consumers analysis is also carried out. Whats more, the Cryptocurrency industry development Trends and marketing channels are analyzed. Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered. In a word, the report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

Major Points Covered in Table of Contents:

1 Industrial Chain Overview

2 Global Production & Consumption by Geography

3 Major Manufacturers Introduction

4 Market Competition Pattern

5 Product Type Segment

6 End-Use Segment

7 Market Forecast & Trend

8.1 Price and Cost

8.1.1 Price

8.1.2 Cost

Figure Cost Component Ratio

8.2 Channel Segment

9 Market Drivers & Investment Environment

9.1 Market Drivers

9.2 Investment Environment

9.3 Impact of Coronavirus on the Cryptocurrency Industry

9.3.1 Impact on Industry Upstream

9.3.2 Impact on Industry Downstream

9.3.3 Impact on Industry Channels

9.3.4 Impact on Industry Competition

9.3.5 Impact on Industry Employment

10 Research Conclusion

Main Aspects covered in the Report

Overview of the Cryptocurrency including production, consumption, status & forecast and market growth

2016-2020 historical data and 2021-2026 market forecast

Geographical analysis including major countries

Overview the product type market including development

Overview the end-user market including development

Impact of Coronavirus on the Industry

About Us

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Cryptocurrency Market Size, Share, Industry Analysis ZEB IT Service, Coinsecure, Coinbase, Bitstamp, Litecoin, Poloniex, BitFury Group | Emerging...

Arecent marketstudyisreleaseda revolutionary report on Global Cryptocurrency Mining Market 2020 withrecordsTables forhistoricand forecast years represented with Chats & Graphs withconvenienttorecognizeexactanalysis by Top Players profile likeAntPool, Ebot, BTC Top, Genesis Mining, BTC.com, F2Pool Hashing 24, ViaBTC, Bitmain Technologies Ltd., and Hashflare. , Types, Applications and Regions (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa). Thestudyhighlights adistinctevaluationof the Cryptocurrency Mining Market andindicatesthe in-depthmarketsizingtrendbyrevenue& volume, thelatestgrowthfactors,expertopinions, facts, and industry-validated marketdevelopmentdata. Theresearchstudyoffersestimates for Global Cryptocurrency Mining Forecasttill2027.

To learn more about this report, request a sample copy** The sample copy includes: Report Summary, Table of Contents, Segmentation, Competitive Landscape, Report Structure, Methodology.

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Overview:The latest trending report published by Stratagem Market Insights titled, Cryptocurrency Mining Market, anticipates that the market size is foreseen to grow at a considerable CAGR in the upcoming years, owing to the growing need for this product across the globe along with novel advancements in the market.

Global Cryptocurrency Mining Market Competitive Analysis:Know your current market situation! Not just new products but existing products given the ever-changing market dynamics. The study allows market professionals to stay tune with the latest trends and segment performance where they can see a rapid market share drop. Identify who you really compete within the marketplace, with Market Share Analysis correlate your market position, % Market Share, and Segmented Revenue.

The Key Manufacturers covered in this Report:-AntPool, Ebot, BTC Top, Genesis Mining, BTC.com, F2Pool Hashing 24, ViaBTC, Bitmain Technologies Ltd., and Hashflare.

Additionally, Section on Historical Global Cryptocurrency Mining Market Scenario, Market Entropy to Race Aggressiveness, and Patent Analysis* is covered along with Competitors SWOT, Product Specifications, and Peer Comparison including variables such as Gross Margin, Total Revenue, Segment Revenue, Employee Size, Net Profit, Total Assets etc.

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The key strategic developments of the Cryptocurrency Mining market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the Cryptocurrency Mining market on a global and regional basis. The study provides a decisive view on the Cryptocurrency Mining market by segmenting the market based on product, end-user, and regions. All the segments have been analyzed based on present and future trends and the Cryptocurrency Mining market is estimated from 2020 to 2027. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa with its further bifurcation into major countries.

Important Features that are under offering & key highlights of the report: Detailed overview of Cryptocurrency Mining market Changing market dynamics of the industry In-depth market segmentation by Type, Application etc Historical, current and projected market size in terms of volume and value Recent industry trends and developments Competitive landscape of the Cryptocurrency Mining market Strategies of key players and product offerings Potential and niche segments/regions exhibiting promising growth A neutral perspective towards Cryptocurrency Mining market performance Market players information to sustain and enhance their footprint

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Cryptocurrency Mining Market Recent Changes and Developments in the Market, Risk Analysis and Growth Drivers to 2027 | AntPool, Ebot, BTC Top, Genesis...

Decentralised finance, commonly abbreviated to DeFi, has been one of the most notable developments in the cryptocurrency industry this year, with companies like Compound soaring in popularity alongside a host of other start-ups.

The rise in notoriety of DeFi is eerily reminiscent of the ICO bubble in 2017, which saw hundreds if not thousands of companies raise millions of Dollars in capital.

The bubble historically burst in the early stages of 2018 with the majority of ICOs losing more than 95% of value within the space of a year.

The issue was that most companies opted for the ICO route to bypass the heavily regulated and screened IPO structure, which meant that tokenisation simply wasnt needed for the company to be a success.

Whitepapers that promised to revolutionise respective industries was commonplace, which in hindsight only contributed to one of the largest bubbles in recent history.

As the hype began to subside so did the companies that raised millions in 2017, with the likes of Pillar CEO David Siegel admitting to the complexities of operating a business during a gruelling bear market.

Another cornerstone of the ICO bubble was the flock of social media influencers that became overnight cryptocurrency advisors and whitepaper authors on social media websites like LinkedIn.

Fast-forward three years and another wave of social media aficionados are coming to LinkedIn but this time around they have taken ICO out of their bio and replaced it with DeFi.

This time around the sentiment is very similar, with people hailing DeFi as being a catalyst for change within the financial sector, ignoring the fact that the financial sector is in no desperate need of decentralisation.

It may be difficult for those who have invested too much capital into cryptocurrencies, but it remains extremely unlikely that a pseudo-sector like DeFi will be the saving grace that will drive mass adoption.

It does, however, have the potential of damaging the sector if the inflating bubble pops later this year as it was warn off another group of investors.

The Compound chart is a fine example, it surged by 167% just days after it was listed on major exchanges before falling by more than 50%, demonstrating how fragile this immature market still is.

At this stage, while many will disagree, DeFi seems like a new buzzword that applies to cryptocurrency companies in the lending space, which from an ethical standpoint isnt the right way to go in terms of achieving mainstream adoption of digital assets.

For more news, guides and cryptocurrency, click here.

The views expressed in this article are not necessarily the views of Coin Rivet.

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Is DeFi the next bubble to strike cryptocurrency? - Yahoo Finance

The ongoing COVID-19 pandemic has accelerated the development of digital currencies by central banks in a bid to encourage people to turn to cashless payments.

One such project is being led by Lithuanias Central Bank, which will open a pre-sale for the worlds first digital collector coins - dubbed "LBCOINs" - on July 9 as part of its trial of blockchain technology and digital currencies.

The Bank of Lithuania (BoL) has been developing the project since March 2018 and is now entering the final phase of the trial.

The project is more of an experiment rather than the official launch of a tradeable currency. 24,000 digital LBCOINs will go on pre-sale this week, sold in packs of 6 for 99. Each token will feature a portrait of one of the 20 signatories of Lithuania's declaration of independence signed in 1918, which have been divided into six categories: priests, presidents, diplomats, industrialists, academics, and municipal servants.

Collectors will be able to trade tokens then exchange a specific set a token from each of the six categories for a physical silver coin worth 19.18. The BoL explained that their use as a means of payment will not be encouraged as it is meant to engage more people, especially the youth, in coin collecting while gaining valuable experience and knowledge in the field of digital currencies.

Decentralised, secure, and encrypted, a blockchain is a time-stamped series of data that is shared and authenticated by a cluster of computers. The technology is considered to be revolutionary because it helps reduce risks, affords transparency, and is not owned by one single entity.

According to Sinop Conseil consultant Florence Presson, the need for blockchain originates from the loss of trust between citizens and institutions. People tend to trust a stranger more than an institution, says Presson. She advocates for trust devolution based on blockchain technology and believes both administrations and citizens could really benefit from it when it comes to official records: birth certificates, deeds of sale, and so on.

Blockchain Partner co-founder, Alexandre Stachtchenko argues that blockchain also tackles other shortcomings of the Internet: how to transfer value and depict something as rare when it is not unique. Unlike an e-mail, once youve sent out a bitcoin, you cannot access it anymore, he explains. The blockchain expert notes with regret that the monetary discussion has been overshadowing the technical one, with blockchain often being associated with cryptocurrencies with much-publicised bitcoins.

Stachtchenko believes that the BoL's interesting, unpretentious initiative will fuel the debate about cryptocurrencies and deal with the elephant in the room. With developments like Facebooks cryptocurrency Libra, which should be launched by the end of the year, governments sovereignty is now being challenged with one of their main prerogatives: the establishment and the management of currency.

There is no doubt that other countries will be following this experiment closely as the race for a central bank digital currency (CBDC) is accelerating. In a report published on July 2, the Bank of Japan announced moving towards a testing phase aiming at introducing a CBDC eventually.

A survey conducted in January 2020 among 66 central banks by the Bank for International Settlements showed that more than 80 per cent of them were developing a central bank digital currency.

In a speech at the Consensus 2020 virtual conference on May 11, Vice-Chair of the Supervisory Board of the European Central Bank (ECB), Yves Mersch recognised that Europe will need to be ready to embrace financial technological innovation which has the potential to transform payments and money faster, and in more disruptive ways, than ever before."

This represents a sea change with ECB leaders, particularly given that former President Mario Draghi stated in 2017 that no member state can introduce its own currency; the currency of the eurozone is the euro in response to Estonian government's proposition to promote the circulation of a new cryptocurrency.

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Explainer: What is 'LBCOIN,' the new Lithuanian state-backed cryptocurrency? - Euronews

A new docuseries called Open Source Money recently aired on July 4 and premiered on the Discovery Science channel. The new show gave millions of Discovery viewers information concerning bitcoin, cryptocurrencies, initial coin offerings, and blockchain technology. The cryptocurrency-focused show airing on Discovery will continue this summer with a number of episodes broadcasting once a week.

Open Source Money is the name of a new docuseries that aired on Saturday and premiered on the Discovery Science channel and the on-demand television provider Philo. The new series gives viewers insight into the cryptocurrency ecosystem by talking with a number of digital currency experts and luminaries like Brock Pierce and Charles Hoskinson.

The focus of the story is mainly about the Dragonchain (DRGN) initial coin offering (ICO) and how the projects creators had to deal with the United States Securities and Exchange Commission (SEC).

Dragonchain was also initially developed in 2014 at the Walt Disney Company branch in Seattle, but since 2016, the project and Disney severed relationships. The series Open Source Money was produced by the firm Vision Tree and the company raised $1 million via a variety of cryptocurrencies for filming.

The episodes feature Dragonchains issues with the SEC when the U.S. regulators deemed the project an unlicensed security. The episodes also feature the Chamber of Digital Commerce founder Perianne Boring, the notorious John McAfee, and Celsius Networks Alex Mashinsky.

Reports say that Patrick Byrne will also star in one of the five parts filmed for the series. Despite the fact that the filmmakers follow the Dragonchain creators around for a bit, the first episode also acts as a Bitcoin 101 lesson.

The shows theme also focuses on the current regulatory attitude toward cryptocurrencies in the United States. The show will air on Discovery Science and Philo at 10 a.m. ET every Saturday until the finale.

Discovery is an extremely popular channel with an 81 million U.S. network audience and six million in Canada. Outside the U.S., 2019 data shows that the Discovery network has well over 450 million viewers worldwide. Discovery Science is a subset of the official Discovery network of channels and can be found in most locations worldwide.

The San Francisco-based and Mark Cuban-backed on-demand streaming network, Philo has roughly 50,000 subscribers.

Each episode highlights major contributors in the cryptocurrency revolution, including notable figures Patrick Byrne, Brock Pierce, Joe Roets, and companies the likes of Disney, Facebook, and more, explains the Open Source Money website. The websites welcome page adds:

Overall humanity is at a crossroads and the future of money as we know it will be transformed by Blockchain and the new internet of Value. The only question is, where will the US stand in the Space Race of our generation when the dust settles?

The website also notes that theres a provably fair 500,000 DRGN giveaway and viewers need to find clues each week in order to win. According to the Open Source Money docuseries web portal, after each episode the clues can be used to find the elusive treasure.

This weeks question has a number of keywords and numbers that the viewer must choose in order to participate in the contest.

Words and numbers featured this week included: 1776, Pizza, Nascar, Cheesballs, Disney, Ramen, Beaxy, Hyundai, Seattle, or Avacodo Toast. After each episode, a weekly prize winner will be selected, explains the docuseries producers. All correct answers, from the start of the contest, are entered into the Grand Prize drawing.

The Open Source Money trailer can be seen below, while Philo and Discovery Science subscribers can watch from those channels.

What do you think about the Open Source Money docuseries? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, opensourcemoney.tv

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Cryptocurrency-Focused Docuseries Airs to Millions of Viewers via the Discovery Science Channel - Bitcoin News

A recent report published by QMI on cryptocurrency market is a detailed assessment of the most important market dynamics. After carrying out a thorough research of cryptocurrency market historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for cryptocurrency during the forecast period. It can enable manufacturers of cryptocurrency to change their production and marketing strategies in order to envisage maximum growth.

Get Sample Copy of This Report @https://www.quincemarketinsights.com/request-sample-58594?utm_source=MR&utm_medium=Santosh

According to the report, the availability of the decentralized system and the absence of fees on transactions is expected to drive the growth of cryptocurrency market during the forecast period.

Cryptocurrency can be termed as a virtual currency that is used as a medium of exchange and transaction which is secured and has gained much popularity in todays economic world. Most of the important transactions have now shifted to the use of cryptocurrency and a huge segment of the market is now shared by these currencies.

Growth in the number of digital transactions and the availability of a much-secured transaction through cryptocurrencies are the key factors for the growth of Global Cryptocurrency Market. The absence of interest rates or exchange rates on transactions has enabled it to gain worldwide recognition and has led many people to invest in this market. Many other benefits like protection from fraud, low fees, quick international transfers and non-regulation of transactions have led to the growth of the global cryptocurrency market.

Make An Inquiry For Purchasing This Report @https://www.quincemarketinsights.com/enquiry-before-buying/enquiry-before-buying-58594?utm_source=MR&utm_medium=Santosh

Some of the key Impact Factors:o Secured transaction facilitieso Availability of decentralized system and absence of fees on transactionso Unavailability of Government regulations

Insights about the regional distribution of market:

The market has been segmented in major regions to understand the global development and demand patterns of this market.For cryptocurrency market, the segments by region are for North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World. During the forecast period, North America, Asia Pacific, and Western Europe are expected to be major regions on the cryptocurrency market.

North America and Western Europe have been one of the key regions with technological advancements in ICT, electronics & semiconductor sector. Factors like the use of advanced technology and the presence of global companies to cater to the potential end-users are favorable for the growth of cryptocurrency market. Also, most of the leading companies have headquarters in these regions.

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The Asia Pacific is estimated to be one of the fastest-growing markets for cryptocurrency market. Major countries in the Asia Pacific region are China, Japan, South Korea, India, and Australia. These economies in the APAC region are major contributors in the ICT, electronics & semiconductor sector. In addition to this, government initiatives to promote technological advancement in this region are also one of the key factors to the growth of cryptocurrency market. The Middle East and rest of the World are estimated to be emerging regions for cryptocurrency market.

By Application:RemittanceTradingE-commerceRetailPaymentOthers

By Process:TransactionMining

By Offering:HardwareGPUASICFPGAWalletSoftwareOthers

By Region:North AmericaBy Country (US, Canada, Mexico)By ApplicationBy ProcessBy Offering

Western EuropeBy Country (Germany, UK, France, Italy, Spain, Rest of Europe)By ApplicationBy ProcessBy Offering

Eastern EuropeBy Country (Russia, Turkey, Rest of Eastern Europe)By ApplicationBy ProcessBy Offering

Asia PacificBy Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)By ApplicationBy ProcessBy Offering

Middle EastBy Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)By ApplicationBy ProcessBy Offering

Rest of the WorldBy Region (South America, Africa)By ApplicationBy ProcessBy Offering

Companies:Bitmain, NVIDIA, Xilinx, Intel, Advanced Micro Devices, Ripple, Bitfury, Ethereum Foundation, CoinBase, BitGo, and Binance

Reasons to buy this report:Market size estimation of the cryptocurrency market on a regional and global basisThe unique research design for market size estimation and forecastsProfiling of the major companies operating in the market with key developmentsBroad scope to cover all the possible segments helping every stakeholder in the market

Customization:We provide customization of the study to meet the specific requirements:By segmentBy sub-segmentBy region/ country

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Latest News On The Cryptocurrency Market | Intel, CoinBase, BitGo, and Binance - Market Research Publicist

Sigal Mandelker, then-U.S. Treasury undersecretary for terrorism and financial intelligence, speaks ... [+] during a 2018 conference on cyber law enforcement at the Department of Justice in Washington, D.C. The U.S. Justice Department charged nine Iranian citizens with hacking hundreds of companies and academic institutions to steal more than $3.4 billion in trade secrets and other data on behalf of the Islamic Revolutionary Guard Corps.

U.S. President Donald Trumps former Treasury under secretary for terrorism and financial intelligence, Sigal Mandelker, has revealed her first project since leaving Trumps Treasury and joining venture firm Ribbit Capital earlier this year. In addition to joining the expanded $49 million Series B in cryptocurrency investigation startup Chainalysis, Mandelker will work on the startups board of advisors.

Mandelkers firm and actor-turned investor Ashton Kutchers Sound Ventures participated in a $13 million extension to the previously announced Series B, as part of a larger push at the startup to deepen its government relationships and focus on using transactions paid for in bitcoin and other cryptocurrencies to track human rights abuses and other illicit activity. Cryptocurrency use for illicit purposes more than doubled to $11.5 billion in 2019, still only accounting for little more than 1% of the total transactions.

While the investment is doubly-notable in that it is both Mandelkers first public work since leaving the Treasury Department, and it is in a company that works with bitcoin, ethereum, XRP and 96 other cryptocurrencies, it is also notable for the continuation of an increasingly clear trend of influential regulators joining the cryptocurrency companies they once oversaw. Former deputy assistant to U.S. President George W. Bush, Juan Zarate, joined another Ribbit portfolio company, Coinbases advisory board in 2014; former chairman of the influential New York Department of Financial Services PNC , Ben Lawsky joined Stone Ridge Asset Management LLC, a $15 billion advisor with ties to multiple bitcoin funds in 2017; and most recently the law firm of the former chairman of the U.S. Commodity Futures Trading Commission, Chris Giancarlo, was hired by Ripple this year.

As part of the investment, which values the company at less than $1 billion, Mandelker, 48, will meet with the Chainalysis team on an as-needed basis to share with them insights gleaned from her own past experience investigating crime that relies on blockchain, and to help them build out new partnerships in both the public and private sectors. The fact that they're building relationships, terrific relationships, both with financial institutions and with the government sector, including with law enforcement, is going to be really important for the future of this industry, says Mandelker.

Born in Chicago, in 1971, Mandelker earned a Bachelors Degree from the University of Michigan and a Juris Doctorate from the University of Pennsylvania Law School, before serving as a law clerk to Supreme Court Justice Clarence Thomas. After six years working at various government agencies, she moved to the private sector as a partner at law firm Proskauer Rose LLP.

Then, in March 2017, Trump appointed Mandelker as Treasury under secretary where she oversaw the U.S. Financial Crimes Enforcement Network (FinCEN), the Office of Foreign Assets Control, (OFAC), the Office of Terrorist Financing and Financial Crimes, and the Treasurys Office of Intelligence and Analysis, which identifies and maps illicit transaction networks.

Mandelker had her first big success using digital currencies to trace illicit activities in 2008, when a Department of Justice team she led helped convict the directors of pre-blockchain digital currency company, E-Gold for their role helping launder funds used to buy child pornography and more. In September 2019, Mandelker made one of her biggest cryptocurrency investigation breaks with the announcement of sanctions against three hacker groups that helped the North Korean government steal and launder billions of dollars in cryptocurrency funds.

Mandelker says she first met Ribbit cofounder Micky Malka earlier this year. Malka sold his first company, a digital wallet called Lemon in 2013 for $46 million, using the funds to become an early investor in bitcoin startups, Coinbase, Robinhood and Xapo. The two hit it off, bonding in part over both having immediate family who survived the holocaust and their desire to fight injustice in the world, she says. She was officially brought onboard in April as a general partner.

In addition to her role helping build relationships as an advisor to Chainalysis, Mandelker will focus on a more full-time basis helping Ribbit identify new investment opportunities, answering regulatory questions for other portfolio companies, and looking for new ways to connect regulators with a wide range of financial technology, thinking through how to help build bridges between the fintech world and the regulator community, whether it's here or abroad, she says.

The New York-based company has now raised a total of about $66 million, from investors including Accel, Benchmark and Digital Currency Group, employs 158 people, and has 295 clients, including the Bank of Montreal and the U.S. Internal Revenue Service, which is managed by Mandelkers former employer, the U.S. Department of Treasury, through a different department.

The company isnt revealing its most recent revenue, though in 2018, it generated $8 million selling services to investigators looking into cryptocurrency transactions and companies looking to ensure they comply with anti-money-laundering and know your customer requirements, enough to land it a place on the Forbes Next Billion-Dollar Startups list. Though the company isnt revealing the terms of the investment, CEO Michael Gronager says they havent quite achieved that milestone yet. We'll work hard to get there pretty soon, he says.

Originally posted here:

Trumps Former Sanctions Chief Joins Bitcoin Investigation Firm Advisory Board As Part Of Expanded $49 Million Investment - Forbes

Bitso, one of Latin Americas largest digital asset exchanges, has reportedly reached 1 million users before its planned launch in Brazil.

Santiago Alvarado, director of international payments at Bitso, recently talked about how cryptocurrencies might help with settling cross-border transactions in Latin America. Alvarado, whose comments came during a Unitize panel (held on July 8, 2020), was joined by Craig DeWitt, the director of product at American Fintech firm Ripple, and Reed Cataldo from the Prysm Group.

Alvarado confirmed, during the discussion, that Bitso has surpassed 1 million users. Bitso has been offering crypto-related services in Mexico and Argentina. The company is now preparing to enter the Brazilian markets.

Launched in 2014, Bitso is notably the first digital currency exchange established in Mexico. Its also the largest cryptocurrency trading platform in the $1 trillion+ economy. Bitso is also reportedly the biggest crypto-asset exchange in Argentina after introducing services in February 2020.

Alvarado said that Bitso has been able to attract a large number of crypto traders in Argentina in a very short period of time. This may be attributed to the rising demand for affordable or more convenient methods for making cross-border payments and remittances.

Alvarado noted that Argentina has a very large and active crypto community. The country also has many freelancer workers, who might be accepting payments in cryptocurrencies which have become a popular alternative to fiat money in countries with high levels of inflation or too many restrictions on using the traditional financial system.

Alvarado also mentioned that the fast pace of digital currency adoption in Latin America may be due to the dramatic rise in the use of smartphones and the development of distribution infrastructure.

He revealed that around 50% to 60% of the people living in Latin America now have a bank account and around 80% are using mobile phones. He added that smartphones will play a big role in helping users with conveniently accessing modern financial services.

Crypto traders based in Argentina traded 92 Bitcoins (BTC), valued at around $850,000, via P2P exchange LocalBitcoins during the week ending on July 7, 2020. This is notably the highest BTC trading volume in the country since 2016.

Coinbase and Ripple have invested in Bitsos operations in order to help the exchange with expanding operations into Argentina and Brazil.

As reported in May 2020, Ripples (on-demand liquidity) ODL solutions volume in Mexico may have increased because of Ripples partnerships with Bitso and MoneyGram. Ripple introduced its ODL services in Mexico, in 2019, with the help of Bitso, which serves as its exchange partner.

In February 2020, Bitso revealed it had captured a little more than 2% of the remittance market from the United States to Mexico in 2019 and now aims to gain a 20% market share by the end of this year.

Original post:

Fast Pace of Cryptocurrency Adoption in Latin America May be due to Dramatic Rise in Smartphone Users, Bitso Executive Reveals - Crowdfund Insider