A study by the Cambridge Center for Alternative Finance says that around 100 million people in the world already own cryptocurrencies. — Several Chinese media outlets have run a story on cryptocurrencies being the best-performing assets in 2020. Could that be the reason behind today’s price surge?
Everything You Need for Less!!!
Business Education Guide to Blockchain and Cryptocurrencies $30 Udemy Courses Free Now On Freewebcart.com Limited Offer Enroll Now. Only 2 days left
Business Education Guide to Blockchain and Cryptocurrencies
Wing Lee, Hashcademy Learning Platform
The problem with learning about blockchain is that there is too much information but not enough structured knowledge. Oftentimes for the uninitiated, most of this information may be indecipherable. And it is becoming a big problem as professionals from a variety of industries are looking to understanding the technology and explore the opportunities for their sector.
In, collaboration with Antony Lewis (author of The Basics of Bitcoins and Blockchains) we have developed the ultimate commercial education course for professionals and business students to learn all the fundamentals they need in relation to blockchain, cryptocurrencies, and ICOs in an accessible, logical and structured manner.
The course contains 10+ hours of materials including explainer videos, lecture notes, articles and learning summaries and quiz assessments at the end of each of the 8 core lessons.
The course is based on content written by Antony Lewis, author of “The Basics of Bitcoins and Blockchains”, an essential guide for anyone who needs to learn about cryptocurrencies, ICOs, and business blockchains. Having worked in the blockchain sector since 2013, Antony is Director of Research for R3, an enterprise blockchain company.
Antony also advises to the Hong Kong Securities and Futures Commission on FinTech. Prior to bitcoins and blockchains, Antony was a technologist at Credit Suisse in London and Singapore having started his banking career as an FX trader at Barclays Capital.
Author: Written by
Approximately 100 Million People In The World Own Cryptocurrencies.
A study by the Cambridge Center for Alternative Finance says that around 100 million people in the world already own cryptocurrencies.
In 2018, a similar study was conducted, later it was found that around 35 million people own bitcoins and other currencies.
By the end of the third quarter of 2020, up to 191 million addresses were registered on crypto exchanges. At the same time, analysts cannot establish the number of anonymous wallets, which they pointed out in their report.
The growing interest in digital currencies is evidenced by numerous surveys that are conducted periodically in various countries.
The Cambridge specialists report notes:
“The 189% growth in the number of users [of crypto exchanges] can be explained by the increase in the number of accounts, which grew by 37%.”
It was found that up to 40% of cryptocurrency holders are active periodically. Most of the holders of BTC and other currencies live in North America and Europe. Latin America and the Asia-Pacific region are also home to a large number of people who have purchased digital currencies.
In its research, the Cambridge Center used both public data and the results of opinion polls.
However, the authors of the report themselves note that their research cannot be considered completely objective, as it is not yet possible to obtain complete information on this topic.
Author: Souvik Sarkarhttps://news.triunits.comCrypto Expert And Blogger .
5 Good Reasons To Invest In Cryptocurrencies
Another good advantage of investing in cryptocurrency is its 24/7 availability. The feature to instantly withdraw and deposit money when needed is possible thanks to the cryptocurrency markets being 24/7. This allows the investors to buy when they feel the prices are going high, and even prevent themselves from suffering losses.
There are wallets on playstore you can download and install on your mobile phone to keep you digital money. The wallet gives you a form of full control over your money and helps you to keep a watch on the market price of the currency.
Many big cryptocurrency investors started with a very small amount that grew up to 5000%. For instance, in the year 2010, many spent just $5 to purchase 62.5 Bitcoins at the rate of $0.08 per Bitcoin. Today, Bitcoin is sold at $10,715.96. This is more than 5000% increament.
There are many other digital currencies that are volitile and have great potentials to grow like Bitcoin. So, if you feel you have missed Bitcoin, why not try Tron.
TRONIX is a MainNet token based on the TRON Protocol issued by TRON Foundation, known as TRX. Tron is currently sold at $ 0.028 with total market cap of $1.976B. See the current Tron price.
How to acquire TRX.
There are various ways to acquire cryptocurrencies. One of the best way to acquire TRX is through Binance. They offer the easiest and fastest crypto to crypto exchange from Ethereum, Bitcoin or USDT.
You can also acquire TRX from vendors’ websites. Vrend Tron offers you 7 TRX daily and 99 TRX for each of your referrals with your one-time registration fee of just $6.67. This will help you to accumulate
Using cryptocurrencies has made it easy to send money through the wallet to anyone in the world. Sending fiat currencies. Never has it been effortless to pay anyone worldwide without any formalities or charges.
With the help of cryptocurrencies, it is possible to pay anyone worldwide through cross border transactions directly into the wallet. This is one of the features of cryptocurrencies that encourage people to select it as a payment method for their transactions.
Empowering the masses is now possible with the help of the decentralization of cryptocurrencies. People have become tired with several tax structures and limitations in terms of money by the government.
Moreover, Banks also have major outages in terms of technicalities and protocols that have made payments and transfers difficult. The cryptocurrency offers free world by providing security as well as safety for their money as well. Plus the freedom of capital transactions is the best part of them all.
Chinese State Media Report: Cryptocurrencies Are The Best-Performing Assets Of 2020
Although China still categorizes Bitcoin and other cryptocurrencies as illegal, several state-owned media outlets purportedly ran reports describing them as the best-performing assets since the start of the year.
A popular state-owned media under the name Xinhua News Agency set the tone yesterday by citing a Bloomberg report titled “crypto is beating gold as 2020’s top asset so far.” Apart from summarizing Bloomberg’s narrative, Xinhua added that cryptocurrencies are “decentralized financial instruments” and concluded that they have become “the best performing asset class this year.”
Another digital asset coverage followed today on China Central Television (CCTV) – among the most popular broadcasting services in the nation. In a three-minute-long video clip, CCTV spoke about cryptocurrencies and emphasized on their year-to-date performance. More specifically, the clip focused on their 70% price increase this year.
According to a popular cryptocurrency commentator Dovey Wan, this “interesting propaganda” spread out among other outlets, being featured on all “avenues, newspapers, online media, and TV.” The advertised narrative was the same – that digital assets have been outperforming all other investment instruments.
Binance CEO Changpeng Zhao commented that people might not understand the significance behind this coverage, but “it is big.”
However, Wan raised a compelling question – what’s the real intention behind this move? After all, cryptocurrencies remain banned for official usage within the world’s most populated nation. She speculated that this coverage might have something to do with the Chinese central bank digital currency that’s reportedly being tested.
As CryptoPotato reported earlier today, green dominated the cryptocurrency field with the total market cap increasing by about $20 billion since yesterday.
Historically, news and announcements from China have undoubtedly impacted prices. As such, it wouldn’t be a surprise that the two-day media coverage promoting cryptocurrencies as the best-performing assets in 2020 has affected the market to some extent.
In late 2019, President Xi Jinping urged the country to accelerate its blockchain adoption. In the next few hours, the cryptocurrency field experienced some of its most impressive price pumps in history. Bitcoin alone skyrocketed by 42% in hours.
Less than a month later, country officials clarified that being pro-blockchain didn’t mean a positive attitude on cryptocurrencies. After reaffirming that digital assets are still illegal, their value plummeted in response.
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited – first 200 sign-ups & exclusive to CryptoPotato).
Click here to start trading on BitMEX and receive 10% discount on fees for 6 months.