Global Crypto Currency Market 2020 – Impact of COVID-19, Future Growth Analysis and …

Bitfinex, BitFury Group, Bitstamp, Coinbase, Coinsecure – Galus Australis …

In the Crypto Currency statistical surveying study, 2019 is considered as the base year, and 2020-2027 is considered as the estimate time frame to anticipate the market size. Significant districts stressed in the report incorporate North America, South America, Europe, Asia, Pacific region Middle East & Africa

The report on the Crypto Currency Market gives a foot perspective on the present continuing inside the Crypto Currency market. Further, the report likewise considers the effect of the novel COVID-19 pandemic on the Crypto Currency market and offers an away from of the anticipated market variances during the estimate time frame.

The global Crypto Currency market report covers major market players such as

Bitfinex

BitFury Group

Bitstamp

Coinbase

Coinsecure

Litecoin

OKEX Fintech Company

Poloniex

Ripple

Unocoin Technologies Private

ZEB IT Service

Get Free Sample PDF (including full TOC, Tables and Figures) of Crypto Currency Market @https://www.glamresearch.com/report/global-crypto-currency-market-by-product-type-bitcoin-321531/#sample

In 2027, the Crypto Currency market is spectated to outperform ~US$ xx Mn/Bn with a CAGR of xx% over the estimate time frame. The Crypto Currency market clicked an estimation of ~US$ xx Mn/Bn in 2019. Region is required to represent a critical piece of the overall industry, where the Crypto Currency market size is anticipated to blow up with a CAGR of xx% during the estimate time frame.

The report inspects each Crypto Currency market player as per its piece of the pie, creation impression, and development rate. SWOT examination of the players (qualities, weaknesses, opportunities and threats) has been covered in this report. Further, the Crypto Currency market study portrays the ongoing dispatches, understandings, R&D undertakings, and business systems of the market players including.

High Points of the Global Crypto Currency Report:

  • All the market segmentation represented region wise.
  • Past, present, and future market size for the value and volume.
  • Market shares and business strategies of the key players.
  • Emerging all segments and regional markets.
  • The whole analysis of the Crypto Currency market.
  • Recommendations regarding business opportunities and current challenges.
  • Information regarding advanced development and technology innovation for the Crypto Currency market.

The research report includes specific segments by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2027.

Global Crypto Currency Market Segmentation By Type:

Bitcoin

Litecoin

Etherium

Zcash

Other

Global Crypto Currency Market Segmentation By Applications:

Private

Enterprise

Government

Other

Place Inquiry for Buying or Customization of Report:https://www.glamresearch.com/report/global-crypto-currency-market-by-product-type-bitcoin-321531/#inquiry

Global Crypto Currency Market: Regional Analysis

The Crypto Currency market is examined and showcase size data is given by region. The report incorporates nation astute and region-wise market size for the period 2015-2027. It additionally incorporates showcase size and conjecture by Type and by Application fragment as far as deals and income for the period 2015-2027.

The key regions covered in the Crypto Currency market report are:

  • North America (U.S., Canada, Mexico)
  • South America (Cuba, Brazil, Argentina, and many others.)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, etc.)
  • Asia (China, India, Russia, and many other Asian nations.)
  • Pacific region (Indonesia, Japan, and many other Pacific nations.)
  • Middle East & Africa (Saudi Arabia, South Africa, and many others.)

The examination report on the global Crypto Currency market offers a treasury of economic situations and strategies wherein the market has been acting in various circumstances. Additionally, SWOT investigation and Porter’s Five Forces examination are utilized to speak to the positive and negative factors that are affecting the market development. Additionally, this report covers the inside and out factual examination and the market elements and requests which give an entire situation of the business.

Global Crypto Currency Market: Competitive Analysis

This area of the report recognizes different key makers of the market. It enables the reader to comprehend the systems and coordinated efforts that players are concentrating on battle rivalry in the market. The extensive report gives a critical infinitesimal gander at the market. The reader can distinguish the impressions of the producers by thinking about the worldwide income of makers, the worldwide cost of manufacturer, and deals by makers during the conjecture time of 2015 to 2027.

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Tether mints $540 million in 3 days

In fact, not too long ago Tether outperformed Ripple and become the third biggest cryptocurrency by market capitalization. Being the most controversial …
  • Tether introduces $540 million to keep up with the stimulating supply.
  • Tether ranks at fourth position in the cryptocurrency chart by the market capitalization of $10 billion.
  • Investors claim that cryptocurrencies will keep rising amid the liquidity pump.

It is no surprise that Tether, the most popular stable coin is gaining momentum as Bitcoin sets a new high in 2020. As per the recent development outlined by the whale alert, an analytics platform, and blockchain tracker. Tether treasury noticed a whopping amount of $540 million within three days.

Today it generated $300 million on the Tron network before minting $120 million twice on the Ethereum network.

💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 300,000,000 #USDT (299,651,480 USD) minted at Tether Treasury

Tx: https://t.co/pjxik9rZ1T

— Whale Alert (@whale_alert) July 29, 2020

Tether and its achievements

Tether is a blockchain-backed cryptocurrency and its tokens are backed traditional fiat currencies, just like Euro, Dollar, or the Japanese yen. The token of Tether trades under the USDT symbol.

Tether has been doing wonders in terms of progress as the stablecoin made its way into the list of top five cryptocurrencies. In fact, not too long ago Tether outperformed Ripple and become the third biggest cryptocurrency by market capitalization.

Being the most controversial stablecoin has made it the most popular token in the industry. The stablecoin and Bitfinex, a popular cryptocurrency exchange share a history together as both entities have the same chief executive and CTO.

Moreover the CTO of Tether, Paolo Ardoino said on twitter that these transactions will be used to replenish the inventory. Tether’s preparation for stimulating demand is in full flow.

Paolo Ardoino stated:

“Note this is a (sic) authorized but not issued transaction, meaning that this amount will be used as inventory for next period issuance requests.”

The most prominent crypto-personalities, analysts, and investors believe that bitcoin will keep going upward due to liquidity pump.

“Bitcoin still has a lot of retail interest in it,” he said. “A lot of that retail interest shifted to the story stocks, to the tech stocks, because they were just more fun … Yesterday you saw a lot of money shift back over to gold and bitcoin.”

This means that other cryptocurrencies will be following the lead as well.

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Bitcoin Tops $11000 Reigniting Interest in India

Prior to the halving, the bitcoin block reward was 12.5 bitcoins but this was reduced further to 6.25 bitcoins. This means fewer bitcoins have been …
Bitcoin Tops $11,000 Reigniting Interest in India

A resurgent bitcoin is rekindling Indian interest in cryptocurrencies with reports suggesting many dormant holders are back to trading.

A report in Livemint is also attributing the piqued interest to a recent Indian supreme court decision to overturn a prohibition that barred banks from dealing with cryptocurrency exchanges. The ban was imposed by the Reserve Bank of India (RBI) in April 2018.

Nischal Shetty, founder and CEO of Wazirx, a cryptocurrency exchange in India, says they are witnessing a renewed excitement.

Shetty said bitcoin’s price, which breached the $11,000 mark on Tuesday, resulted in Wazirx “seeing a big jump in our trading volume.”

Another expert, Sumit Gupta, a co-founder and CEO at Coindcx, another cryptocurrency exchange, offers a different take for the current interest in bitcoin.

According to Gupta, “the surge in bitcoin prices comes amid a rush for safe-haven assets that are considered alternatives to cash and stocks.” The “decreased supply of available bitcoin” following the halving event in May is another factor behind the price rally.

Prior to the halving, the bitcoin block reward was 12.5 bitcoins but this was reduced further to 6.25 bitcoins. This means fewer bitcoins have been released onto the market to date when compared with the same period last year.

Another expert, Ajeet Khurana, a member, Blockchain and Cryptocurrency Committee of the Internet and Mobile Association of India (IAMAI), focuses on market participants in his explanation for the price surge.

He explains:

The common investor in any asset class is primarily driven by asset price inflation. The trader in an asset class is driven by volatility, and expects to make money on price movements in both directions. For both of these, bitcoin has been a delight in the recent past.

Khurana also believes that crypto investors do not invest in other asset classes. Therefore, the rise in bitcoin prices could fuel a surge in crypto market participants, both investors and traders.

In other words, “the cult-like following of cryptocurrency gets strengthened when there is a rally in its prices.”

Meanwhile, India still does not have a regulatory framework for cryptocurrency some four months after the supreme court ruling. In addition, a draft government bill on cryptocurrencies seeks to criminalize the mere possession of cryptocurrency.

Subhash Chandra Garg, the former Finance and Economic Affairs Secretary of India, told an Indian crypto community earlier this month, that crypto assets should be regulated as commodities. Despite making these comments, Garg says he still stands by the current crypto bill.

Will clarity on crypto regulation further boost interest in bitcoin? Share your thoughts in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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Elrond (ERD) Trading and Staking to Go Live on Bitfinex

ERD deposits on Bitfinex to launch on August 17, 2020. According to an official statement by the project team, the native asset of the Elrond blockchain, …

Elrond (ERD), the high-scalable blockchain architecture, announced that its token will be listed on Bitfinex, the leading cryptocurrency exchange. Why is this novelty important?

ERD deposits on Bitfinex to launch on August 17, 2020

According to an official statement by the project team, the native asset of the Elrond blockchain, ERD, will be available on Bitfinex starting from August 17. Moreover, the staking environment for ERD will be added soon after.

Beniamin Mincu, CEO and founder of the Elrond network (ERD), emphasized the crucial importance of this listing for his product in terms of its further marketing and technical development:

We are excited to unveil this listing as part of a strategic plan to expand our ecosystem, which brings significant exposure and opportunities for Elrond. Enabling additional products in collaboration with Bitfinex, such as staking, will strengthen Elrond, and position it for accelerated growth after the mainnet launch.

The Elrond (ERD) team has also stressed that Bitfinex rarely enriches its toolkit of assets, since ERD is only the second token to be added on Bitfinex in 2018. That said, listing on such an exchange means that the product has reached sufficient maturity and credibility.

The upcoming ERD staking opportunity on Bitfinex looks very attractive for the PoS community. According to leading cryptocurrencies staking explorer Staking Rewards, Elrond (ERD) is among the Top 5 assets with the highest annual rewards.

ERD is top-five PoS asset by staking rewards

Image by Staking Rewards

Among the Top 5 assets, ERD has the highest market capitalization and the lowest share of tokens already frozen in staking environments.

Innovative approach to scalability

It is worth noting that the Elrond (ERD) blockchain is well known due to its excellent level of scalability and the very low latency of its operations. These are achieved by two important characteristics: Elrond (ERD) has an Adaptive State Sharding mechanism and Secure Proof-of-Stake (SPoS) algorithm consensus.

As a result, Elrond (ERD) can process up to 10,000 transactions per second with an average latency of five seconds and negligible transaction costs.

The creators of Elrond assure the community that it will be a reliable backbone for the permissionless internet economy.

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The Stolen Funds Are Part Of The Large-Scale Bitfinex Hack From 2016

Bitfinex was hacked in 2016, with chunks of the crypto loot randomly moving from the wallet addresses, associated with the hack to “unknown wallet …
The Stolen Funds Are Part Of The Large-Scale Bitfinex Hack From 2016


Digital asset movement tracker WhaleAlert posted a series of tweets, in regards to $22,402,423 worth of Bitcoin (as of 29th Jul, 2pm GMT time), forcefully extracted in the 2016 Bitfinex hack.

Bitfinex, one of the leading digital currency exchanges, reportedly lost 119,756 BTC, which as of press time is valued over $1,3 billion. Bitfinex was hacked in 2016, with chunks of the crypto loot randomly moving from the wallet addresses, associated with the hack to “unknown wallet addresses.”

The move means that stolen funds are being transferred to not-yet tied to a specific crypto exchange wallet address. Just in 2020 alone, funds were relocated from the Bitfinex hack on 35 occasions.

As WhaleAlert reported, several transactions ranging from 299.99 BTC (3,241,798 USD) to 476.32 BTC (5,147,316 USD) were involved in the transfers. However, the recent BTC relocations, combined with Bitcoin’s price spiking over $11,000 had some traders and crypto experts worried about a negative price correction in the near future. Most of the crypto experts are considering the chance that a massive dump of Bitcoin’s price may happen. This could happen if the individuals who possess the stolen BTC funds decide to cash them out.

whale_alert_bitfinexhack

Source: WhaleAlert

However, liquidating the stolen funds may be a cumbersome task, because government agencies are massively using blockchain-based analytics services, which can track transactions and monitor illicitly acquired funds.

Meanwhile, hardware wallet provider, Ledger, announced a data breach in late June, which exposed customer information of around one million users. The attack was aimed at Ledger’s e-commerce and marketing databases. The company managed to quickly patch the vulnerabilities and recover from the breach, as underlying reasons of the breach were quickly discovered by a researcher, participating in Ledger’s bug bounty program.

According to the hardware wallet provider, no payment information or allocated crypto assets were revealed or obtained.

“Solely contact and order details were involved. This is mostly the email address of approximately 1mln of our customers. Further to investigation, we have also been able to establish that a subset of them were also exposed: first and last name, postal address phone number and product(s) ordered. Your crypto assets are safe and are not in peril” – Ledger stated in an e-mail to the affected users.

Ledger also took actions, filing a report with France’s Data Protection Authority (CNIL), as well as with Orange Cyberdefense (OCD) to help identify the scope of the breach and the potential vulnerabilities.

The company also noted that they will keep an eye on any information, regarding Ledger’s databases that are being sold on the Internet.

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