Cryptocurrency News And Stats Summary For A Glorious Week Start
During the week certain news and market metrics happened and they are important to describe in the following lines of text.
For clear reasons we show you a summary so that you can take more advantage of your time and you can find out everything good and bad that was reported in the cryptocurrency market. Then pay attention to this.
16 Billions Dollars Market Will Earn Until 2025
According to the study by grandviewresearch, the global blockchain technology market size was valued at USD 1,590.9 million in 2018 and is expected to grow at a CAGR of 69.4% from 2019 to 2025.
The blockchain technology is one of the most promising upcoming technological trends in the information technology domain, says the report.
Privacy Coins Regulation And Its Challenges
bloomberg in its last story related about the privacy coins regulations and its challenges. Privacy is now being the concern for many but from a negative point.
The question is that days ago several news of exchanges slipped out the coins that seek to maintain the privacy of the transactions. Monero, Zcash, and Dash top the list.
bloomberg highlights that’s already proving to be painful for a large slice of the crypto market. Monero, Dash and Zcash had a cumulative market capitalization around of $2.5 billion.
With some regulations, Monero’s price is down about 30% since mid-June, while Dash has slumped by more than 40% and Zcash has dropped by about 50% sice today.
For us, blockchain exists primarily to conduct a good audit of transactions and issue transparency among users. Imagine if this was not done within the Bitcoin and Ethereum network.
Community Feeling Is Getting Better
The latest statistics show that the sentiment of the cryptocurrency community is growing more and more.
Remember that the feeling is measured by the number of active people who share information within the main social networks.
Another aspect to highlight is the relationship between the feeling of the past years with respect to the current one. In general, it has been recovering and the community in recent months has remained more active.
The good thing is that until now the number of ATMs has grown. To date there are more than 5,457 Bitcoin ATMs globally according to statista.
Bitcoin Hash Rate & Segwit Transactions
Last time, Bitcoin hash rate has exceeded 100,000,000 TH/s for the first time. Every day, they are registering more activity.
That tells us that the activity within the network is growing every day and adoption among people is imminent.
In that same order of idea, Segwit transactions have exceeded more than 50% on 144 block average
Money Is What Is Left Over
While the American Government injects more than $ 75 bn into traditional markets than it can, EA is thinking of investing in the cryptocurrency market.
As related ccn, EA wants you to invest in crypto. But the biggest problem was the criticism from the community, who alerted false news.
What we do know and while this news is really official, Germany’s top financial watchdo approved a €250 million euro offering of real estate bonds tokenized on Ethereum from digital investments startup Fundament Group as a “Blockchain-Strategie.”
Banks Every Day More Attached To The Industry
What does surprise us is how every day banks add to the benefits of blockchain technology. Such is the case of the Arab Bank Switzerland what announced its partnership with Switzerland-based blockchain technology firm Taurus;
Another one is that JPMorgan’s blockchain payments platform has just boarded on its first Singapore-based bank;
But the special case is that Bank of America has joined Marco Polo, a consortium working to bring efficiencies to international trade using blockchain technology;
And another case worth mentioning is Citibank, who together with IBM and Ubisoft, has signed a strategic partnership for making one accelerator to help growth-stage start-ups that bring their blockchain solutions to the market and scale internationally, by connecting them with global corporations.
Latest Announcement To Never Forget
In terms of tools, exchanges similar elements, we have to remember very well that:
- Coinbase continues to explore support for new digital assets (Telegram, Dfinity, Solana, Filecoin, Polkadot, Oasis and others) as wrote in its blog.
In the same orden, Dash was added to the exchange last days as wrote dashnews.
- Houbi Exchange may address Argentina’s inflation problem As reported cryptoslate.
Huobi’s OTC crypto service allows users in Argentina to purchase digital assets with Argentine Pesos.
- And Binance will Launch Fiat-to-Crypto OTC for Chinese Yuan in October as related cointelegraph.
According to the CMO, Binance’s new OTC onramp is scheduled to launch next month and only targets the Chinese market, as the current plan envisions supporting the Chinese renminbi only.
See you in the next story. With Love 💛, Rubikators Team.
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