Category Archives: Cryptocurrency

It is our aim to provide our readers with report for Cryptocurrency in Oil and Gas Market, which examines the industry during the period 2020 2026. One goal is to present deeper insight into this line of business in this document. The first part of the report focuses on providing the industry definition for the product or service under focus in the Cryptocurrency in Oil and Gas Market report. Next, the document will study the factors responsible for hindering and enhancing growth in the industry. After covering various areas of interest in the industry, the report aims to provide how the Cryptocurrency in Oil and Gas Market will grow during the forecast period.

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TheCryptocurrency in Oil and Gas Marketreport between the years 2020 2026 will highlight the current value of the industry. At the same time, there is also an estimate of how much this line of business will be worth at the end of the forecast period. As it is our goal to maintain high levels of accuracy at all times, we will take a look at the CAGR of the Cryptocurrency in Oil and Gas Market. We make sure that all the information available in this report has excellent levels of readability. One way we achieve this target is by Cryptocurrency in Oil and Gas Market segmentation. Going through the report for 2020 2026 will bring our readers up-to-date regarding this industry.

While examining the information from this document, one thing becomes clear, the elements which contribute to increase in demand for the product or service. At the same time, there will be a focus on what drives the popularity of these types of products or services. This report is for those who want to learn about Cryptocurrency in Oil and Gas Market, along with its forecast for 2020 2026. Information regarding market revenue, competitive partners, and key players will also be available.

Segmentation

As discussed earlier, there is segmentation in theCryptocurrency in Oil and Gas Marketreport, to improve the accuracy and make it easier to collect data. The categories which are the dividing factors in the industry are distribution channels, application, and product or service type. With this level of segmentation, it becomes easier to analyze and understand the Cryptocurrency in Oil and Gas Market. At the same time, there is emphasis on which type of consumers become the customers in this industry. When it comes to distribution channels, the Cryptocurrency in Oil and Gas Market report looks at the different techniques of circulation of the product or service.

Regional Overview

In this part of theCryptocurrency in Oil and Gas Marketreport, we will be taking a look at the geographical areas and the role they play in contributing to the growth of this line of business. The areas of interest in this document are as follows Middle East and Africa, South and North America, Europe, and Asia Pacific. From the Cryptocurrency in Oil and Gas Market report, it becomes clear which region is the largest contributor.

Latest Industry News

From thisCryptocurrency in Oil and Gas Marketreport, the reader will also get to learn about the latest developments in the industry. The reason is that these products or services have the potential to disrupt this line of business. If there is information about company acquisitions or mergers, this information will also be available in this portion of the Cryptocurrency in Oil and Gas Market report.

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Cryptocurrency in Oil and Gas Market Share Forecast by Application 2020 Analysis and Forecasts to 2026 - Aerospace Journal

The global Cryptocurrency and Blockchain was valued at USD xx Million in 2020. The Cryptocurrency and Blockchain market research study provides itsusers with the market size on the basis of different segments and regions. In addition, the major contributing market participants in the global Cryptocurrency and Blockchain market along with their product/service offerings, revenue, and gross margin is provided under this research report. The research report provides also provides readers the actual analysis of the last four to five years along with forecast till 2025.

Conditions in many of the regions are still bad but some of the regions have eased down some of their COVID-19 restrictions. In many of the regions, there are some countries that have gained some sort of control in the number of COVID-19 cases and have given slight permissions to start the businesses. But there are still fears in some of the countries such as South Korea and northeast China regarding the second wave of the coronavirus infections. The local governments in the respective regions where the number of COVID-19 cases has decreased have imposed strict protocols for the market players regarding social distancing and hygiene. Amidst this the Cryptocurrency and Blockchain

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The report also offers product overviews and detailed interdiction of theglobal Cryptocurrency and Blockchain market. Furthermore, the report will also provide its users with the analysis of market drivers which are expected to support the growth of the Cryptocurrency and Blockchain market in years to come. The report also illustrates the major restraining factors which lead to adversely impact the growth of the market in the analysis period. The opportunities assessment from the future perspective to take strategic decisions is covered in the report. Technology, regulatory landscape, Porters Five Forces Analysis, PESTEL analysis, SWOT analysis, and other analyses of the market are covered in the research.

Cryptocurrency and Blockchain market players included in the reports are:Intel Corporation, Microsoft Corporation, NVIDIA Corporation, BitFury Group Limited, Alphapoint Corporation, Advanced Micro Devices, Xilinx, BitGo, Ripple, BTL Group Ltd.

By Type the Cryptocurrency and Blockchain market is segmented into:Bitcoin, Ethereum, RippleLitecoin, Dashcoin, Others

By Application the Cryptocurrency and Blockchain market is segmented into:Transaction, Investment, Others

Following are the major regions considered for the analysis of the Cryptocurrency and Blockchain market:North America (United States, Canada)Europe (Germany, France, UK, Italy, Russia, Spain)Asia Pacific (China, Japan, Korea, India, Australia, New Zealand)Middle East & Africa (Middle East, Africa)Latin America (Mexico, Brazil, C. America, Chile, Peru, Colombia)

For more information about this report [emailprotected]:https://www.syndicatemarketresearch.com/market-analysis/cryptocurrency-and-blockchain-market.html

Chapter 1:The World Market Research Report Cryptocurrency and Blockchain Help Understand Crucial Information About The Given Market.Chapter 2:The report provides a detailed study on each actor having a major impact on theglobal market Cryptocurrency and Blockchain, such as company profiles, the latest technological advances of market players and the product profile of the player currently available in the market, as well as the regions in which they operate mainly.Chapter 3:It helps to understand the key product segments and their future on the global market Cryptocurrency and Blockchain. It provides strategic solutions and recommendations in key business sectors based on market estimates.Chapter 4:The report also presents an eight-year forecast survey based on expected market growth.

Salient Features of the Report Study:

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Why Choose Cryptocurrency and Blockchain Market Report?

Cryptocurrency and Blockchain MarketReport follows a multidisciplinary approach to extract information about various industries. Our analysts perform thorough primary and secondary research to gather data associated with the market. With modern industrial and digitalization tools, we provide avant-garde business ideas to our clients. We address clients living in across parts of the world with our 24/7 service availability.

Thanks for reading this article;you can also get individual chapter wise section or region wise report versions like North America, Europe, Asia-Pacific, South America, Middle East, and Africa.

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Setting a strong foot in the industry with all planned and tactical approaches is surely not a cakewalk. You need loads of research, analysis, take several factors into consideration, and above all, give your valuable time to the entire process. This is where Syndicate Market Research kicks in as a support system for our clients. Our reports targets high growth emerging markets in the USA, Europe, The Middle East & Africa, and Asia Pacific covering industries like IT and Telecommunications, Machinery & Equipment, Electronics & Semiconductor, Chemicals and Materials, Healthcare & Pharma, Energy & Mining, Manufacturing & Construction, Automotive, Food & Beverage, etc.

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Global Cryptocurrency and Blockchain Market 2020 Impact of COVID-19, Future Growth Analysis and Challenges - The Think Curiouser

Estimations about the rise or fall of theCAGR valuefor specific forecast period are evaluated in this report.Cryptocurrency custody software market is expected to grow at a rate of6.3% in the forecast period 2020 to 2027.Data Bridge Market Research report on global cryptocurrency custody software market analyses the growth of the industries constituting the application areas of the market, formulating this information in a market overview to help you in the provision of different market insights. Moreover, this business report combines all-inclusive industry analysis with precise estimates and forecasts to provide complete research solutions with maximum industry clarity for strategic decision making.

The GlobalCryptocurrency Custody Software Marketreport contains all the company profiles of theMajor players Are BitGo, COINBASE, Key Safe Technological Solutions LTD., Kingdom Trust, WatermelonBlock.io, FMR LLC, Ledger SAS, itBit Trust Company, LLC., Base Zero, Inc., Gemini Trust Company, LLC., Paxos Trust Company, LLC,and brands. Cryptocurrency Custody Software marketing document helps industry in deciding upon various strategies such as production, marketing, sales or promotion for a particular product in the market or the new product to be launched.

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The report provides thecompany profile, product specifications, capacity, production value, and market sharesfor each company for the forecast period. In addition, the scope of this market report can be broadened from market scenarios to comparative pricing between major players, cost and profit of the specified market regions. Cryptocurrency Custody Software report is a trustworthy source of market information for the business which assists with the better decision making and outline better business strategies.

Crucial Cryptocurrency Custody Software Market Segment details-:

This report also explains market definitions, classifications, applications, and engagements in the industry. Businesses can accomplish key statistics on the market status of regional and global manufacturers along with valuable assistance which drives the business towards the growth.Being a quality market report, it comprises of transparent market research studies and estimations that supports business growth.

All the data and information included in the Cryptocurrency Custody Software business report is drawn from incredibly reliable sources such as websites, annual reports of the companies, white papers, journals, newspapers, and mergers. This market report assists industry by giving actionable market insights and comprehensive market analysis.SWOT analysis and Porters Five Forces Analysisare two of the most widely used techniques while generating this report. A large scale Cryptocurrency Custody Software market report also provides businesses with the company profile, product specifications, production value, contact information of manufacturer and market shares for company.

Focal Points of the Report:

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Some of the Major Highlights of TOC covers:

Chapter 1: Methodology & Scope

Definition and forecast parameters

Methodology and forecast parameters

Data Sources

Chapter 2: Executive Summary

Business trends

Regional trends

Product trends

End-use trends

Chapter 3: Cryptocurrency Custody Software Industry Insights

Industry segmentation

Industry landscape

Vendor matrix

Technological and innovation landscape

Chapter 4: Cryptocurrency Custody Software Market, By Region

North America

South America

Europe

Asia-Pacific

Middle East and Africa

Chapter 5: Company Profile

Business Overview

Financial Data

Product Landscape

Strategic Outlook

SWOT Analysis

Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

New Business Blueprint, Threat & Policies are mentioned in Table of Content, Request Detailed[emailprotected]https://www.databridgemarketresearch.com/toc/?dbmr=global-cryptocurrency-custody-software-market

Further, this report classifies the CRYPTOCURRENCY CUSTODY SOFTWARE market dependent on regions, application, end-user, and type.

Report can be customized to meet the clients requirements. Please connect with us ([emailprotected]), we will ensure that you get a report that suits your needs.

In this study, the years considered to estimate the market size of Cryptocurrency Custody Software Market are as follows:-

History Year: 2014-2018

Base Year: 2019

Estimated Year: 2020

Forecast Year 2020 to 2027

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An absolute way to forecast what future holds is to comprehend the trend today!Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.

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Cryptocurrency Custody Software Market Outlook 2020-In-Depth Insight Of Sales Analysis, Growth Forecast And Upcoming Trends Opportunities By Types And...

Topline

President Donald Trumps campaign website was briefly hacked on Tuesday night in what appears to be a crude effort to promote a cryptocurrency scam, but the campaign said no sensitive data was exposed.

President Donald Trump speaks at a campaign rally Tuesday, Oct. 27, 2020, in West Salem, Wis.

Just after 7 p.m. EST, the About page on Trumps campaign website displayed a message reading, this site was seized. the world has had enough of the fake news spreaded daily by president donald j. trump.

The website reverted back to normal shortly after, but its unclear how the hackers got access to the website.

The scammers claimed to have access to information proving the trump-gov is involved in the origin of the corona virus and is cooperating with foreign actors to manipulate the electionbut there is no evidence the hackers actually retrieved any classified or sensitive information.

The message linked to two Monero cryptocurrency addresses one to share the information and another to keep it secretand asked users to deposit money into the wallet corresponding to their desired outcome.

Its unclear if the hack was a state-sponsored effort or a desperate attempt by actors looking for a quick buck, but the grammar in the message points to hackers whose first language isnt English.

"Earlier this evening, the Trump campaign website was defaced and we are working with law enforcement authorities to investigate the source of the attack. There was no exposure to sensitive data because none of it is actually stored on the site, Trump communications director Tim Murtaugh said in a statement.

The breach resembles the infamous Twitter hack in July, where scammers accessed dozens of high profile accountsincluding Democratic presidential nominee Joe Bidento promote a different cryptocurrency scam. Though the hack affected some of the worlds most powerful people, the scammers were young, individual actors who wanted to sell coveted Twitter handles such as @y, according to theNew York Times.

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Trump Campaign Website Hacked In Cryptocurrency Scam - Forbes

By James H. Lee

The view is always better from the edge. In this new column for Delaware Business Now, Ill cover new technologies and growth investments. As a professional futurist, I keep my finger on the pulse of change. My background as a financial analyst helps me to distinguish between hype and opportunity.

This month, Id like to cover an emerging technology with an enormous generational divide cryptocurrency. Never before have I seen anything create such excitement for young traders while generating complete confusion amongst experienced investors.

When Bitcoin was introduced to the world in 2009, it was built on an entirely new technology known as the blockchain.

A blockchain is simply a distributed public history of transactions. Each new transaction adds another link to the chain. Those transactions are stored anonymously on thousands of computers. It is a secure network, because in order to break into it to change the records, you would need to hack all the nodes simultaneouslyprovided that you can even find them. New bitcoins were issued to miners for their services in verifying new transactions as they appeared on the blockchain. As the system grew in complexity, more bitcoins were gradually introduced into circulation. In this way, the blockchain paid for its own maintenance.

There are at least four breakthroughs that happened here:

Breakthrough #1: The introduction of an entirely new form of money

Cryptocurrencies are a computational store of value. Instead of being backed by gold or the taxing authority of a government, cryptocurrencies are only as useful as their software code. They have the advantage (or disadvantage) of being almost entirely unregulated. As such, crypto can also be transferred much more quickly than conventional money. Because the amount of currency being introduced into the system is predetermined via algorithm, some have a limited supply and may be better able to maintain value over time. Others may quickly become obsolete.

Breakthrough #2: The same technology used to track the movement of Bitcoin could be used as a secure means to track the change of ownership of any other asset, physical or digital

This means that the chain of ownership for anything could be tracked using blockchain technology as a way that is resistant to hacking and forgery.

Joi Ito of the MIT Media Lab says, My hunch is that The Blockchain will be to banking, law and accountancy as The Internet was to media, commerce and advertising. It will lower costs, disintermediate many layers of business and reduce friction. As we know, one persons friction is another persons revenue.

Some of the potential applications include:

Bitcoin was the first cryptocurrency to achieve major success. However, it also has some real limitations.

There are constraints to the number of bitcoin transactions that can be made per second. The platform also consumes remarkable amounts of computational energy to maintain. As more transactions are added to the blockchain, the amount of energy required to maintain records will increase.

Ethereum is a competing cryptocurrency that was designed from the ground up to compensate for Bitcoins limitations. While the focus of the Bitcoin is on the currency, the focus for Ethereum is on building a sustainable blockchain platform that could eventually be used as a decentralized world computer.

Perhaps most importantly, Ethereum opened the way for.

Breakthrough #3: Smart contracts

Think about what can happen with self-executing legal agreements written as software. In this way, legal contracts could be self-monitoring, with payments made automatically when certain conditions are met. Smart contracts work even better when 5G and the emerging Internet of Things are considered.

Something fascinating is happening at the intersection of finance, law, and software coding. Imagine everything that can happen with programmable money that can follow instructions using Boolean logic (if/and/or/then). This leads us to the most recent game changer for cryptocurrency

Breakthrough #4: Decentralized finance (DeFi)

The first killer app for cryptocurrency was being able to send money around the world in seconds versus twenty-four hours for a bank wire. Fast, cheap, no middleman required. This creates a financial world with no borders or regulations.

As the ecosystem evolves, smart contracts built on Ethereum are able to perform many other functions previously controlled by banks. But unlike banks, DeFi apps are open-source. Anyone can create DeFi apps, and anyone can use them, regardless of where they live. It is now possible to exchange currencies (via the Uniswap app), borrow and lend (Compound), create futures contracts (Synthetix), run a predictions market (Augur), or raise startup funds by going public via an initial coin offering (ICO).

Some stablecoins built on the Ethereum network (such as Tether and USD Coin) live in both worldsthey have their value pegged to the U.S. dollar, but they are compatible with DeFi apps and can be transferred easily between digital wallets.

Summary

The U.S. finance industry is ripe for revolution. Fees are too high, and settlements are too slow. Roughly 80 percent of all transactions are still processed in COBOL, a programming language that goes back to the days of cardboard punch cards.

Its time for a serious update.

Is Ethereum the next big thing in digital finance? Possibly. There are other smart contract platforms worth watching, too, including Cardano, EOS, Stellar, Tezos, Hyperledger, Chainlink, and Waves. It could be a wild rideand a whole new way of doing things by 2030.

James H. Lee, CFA, CMT, CFP, APF, is the founder of StratFI, Wilmington.

Disclosure: Information contained herein is for educational purposes only and is not to be considered a recommendation to buy or sell any security or investment advice. The securities listed herein are for illustrative purposes only and are not to be considered a recommendation. The author may personally hold positions in the securities mentioned.

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Guest view: Technology, Hype, and the Future: Cryptocurrency - delawarebusinessnow.com

Introduction

On October 8, 2020, the U.S. Department of Justice (DOJ) released a Cryptocurrency Enforcement Framework (the Framework) authored by the Attorney Generals Cyber Digital Task Force. The Framework is the second detailed report authored by the Cyber-Digital Task Force addressing cryptocurrencies. The Framework provides a self-described comprehensive overview of what the DOJ considers to be emerging threats and enforcement challenges associated with cryptocurrencies. The Framework also details the collaboration that the Department of Justice has built with regulatory and enforcement partners both within the U.S. government and around the world. Further, the Framework outlines the Departments response strategies.

The Framework insinuates some skepticism about the cryptocurrency industry. While, the Framework mentions some of the potential or claimed legitimate uses of cryptocurrencies as avowed by proponents or advocates of cryptocurrencies, the Framework sets forth a more expansive discussion of the illegitimate uses of cryptocurrencies. Above all else, the Framework makes clear the DOJs intent to monitor and prosecute cryptocurrency-related crimes. This point is underscored by the October 1 indictment of founders and executives of off-shore cryptocurrency derivatives exchange, Bitmex, for violations of the U.S. Bank Secrecy Act, and the October 15 indictment of 20 members of the transnational criminal organization, QQAAZZ, involved in a money-laundering scheme that incorporated cryptocurrencies.

Who Should Pay Attention to the Framework

Within the Framework, the DOJ sets forth business models and activities that may facilitate criminal activities:

All of these business must consider, among other issues, licensing and registration requirements, and ensure compliance with anti-money laundering (AML) and know your customer (KYC) obligations. The Framework also specifically calls out cryptocurrencies Monero, Zcash and Dash, avowing that use of AECs is a high risk activity that is indicative of possible criminal conduct. Similarly, the Framework emphasizes that tumbler, mixing and chain hoping activities pose a high risk of liability for money laundering because they are designed specifically to conceal or disguise the nature, the location, the source, the ownership, or the control of a financial transaction.

The DOJ asserts that it has robust authority to prosecute [virtual asset service providers] and other entities and individuals that violate U.S. law even when they are not located inside the United States.

Crimes with Cryptocurrency

The DOJ stresses that criminals leverage cryptocurrencies for a variety of unsavory practices. The Framework identifies three different categories of criminal behavior that exploit the advantages of cryptocurrencies and the cryptocurrency marketplace:

What to Expect from the DOJ

The Framework sets forth in broad terms what the public can expect from the DOJ.

First, the DOJ emphasizes that it will aggressively conduct investigations and prosecutions of individuals who use cryptocurrencies to commit, facilitate or assist in concealing crimes. Exchanges currently in operation should expect to receive requests from the authorities for transaction records or other types of data. It is critical that exchanges have a functioning and up-to-date compliance program in order to facilitate these requests and also demonstrate active due diligence measures. Again, the DOJ avows broad authority to prosecute individuals and businesses located outside the U.S.

Second, the DOJ will be training law enforcement about cryptocurrency technology. The DOJ states that it has already dedicated resources to existing initiatives and is considering proposals to legislatures to close gaps in enforcement authority.

Third, the DOJ will also increase cooperation with U.S. state-level and federal law enforcement and regulatory agencies such as the FBI, Financial Crimes Enforcement Network, the Securities Exchange Commission, the Internal Revenue Service, and the Office of Foreign Assets Control. The DOJ will also continue to pursue additional partnerships with non-U.S. law enforcement and regulatory agencies. These partnerships will facilitate sharing of information as well as support regulatory measures that promote adoption of consistent regulations across jurisdictions in order to prevent criminals from arbitraging inconsistent regulatory schemes. The DOJ is intent on repeating recent successes with international coalitions that traced bitcoin transactions leading to the recent takedown of the largest child abuse material website in the world and arrests of over 300 users.

What Should Operators of Crypto-Related Businesses Do?

The Framework is a clear expression to the world that the DOJ is focused on cryptocurrencies-related crimes and, through its various partnerships, will investigate and seek enforcement actions regardless of where an individual or company is based. Individuals and companies that engage in cryptocurrency-related businesses or use AECs (e.g., Monero, Zcash and Dash), tumblers or mixerswherever they are locatedmust assess the extent to which their activities involve U.S.-based customers or otherwise fall under the purview of U.S. federal and state-level laws and regulations. If a U.S. nexus exists, these individuals and companies need to consider whether they are obliged to register or obtain a license for their activities. Furthermore, implementation and maintenance of proper AML programs may be necessary among other compliance obligations. To the extent that individuals and companies have not fulfilled their obligations, they should act swiftly to rectify those deficiencies. Ignorance of these obligations will not be an acceptable defense.

Excerpt from:
US Department of Justice Releases Cryptocurrency Enforcement Framework Avowing Authority to Prosecute Individuals Located Inside and Outside of the US...

According to GSMA, the Mobile Economy report, the adoption of smartphones is anticipated to rise from 52 percent in 2018 to 74 percent in 2025 in the Middle East and North Africa (MENA) region.

CRIFAX added a report onMiddle East and Africa Cryptocurrency Market, 2020-2028to its database of market research collaterals consisting of overall market scenario with prevalent and future growth prospects, among other growth strategies used by key players to stay ahead of the game. Additionally, recent trends, mergers and acquisitions, region-wise growth analysis along with challenges that are affecting the growth of the market are also stated in the report.

TheMiddle East and Africa Cryptocurrency Marketis estimated to grow at a moderate rate, owing to various factors driving the growth of the market in the region such as prevalence of uneven growth rates that vary between nations and also within each nation. The opportunities to grow in the region are immense, considering the fact that only very few business have digital presence in the region. The rise in oil prices and improved external demand is aiding the growth of the market in the region. Investments in ICT infrastructure has been high in some of the countries in the region such as Saudi Arabia, Qatar, Kuwait and United Arab Emirates (UAE). The outsourcing sector in Egypt and Turkey is anticipated to create an additional 80,000 jobs in each of these regions. The region also is home to a significant young population that forms almost half of the population present in the region. Growing literacy levels and improvements in average schooling is anticipated to drive the growth of the market in the region over the forecast period.

The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).

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With mobile internet and cloud technology ranked second in the order of those drivers for change during 2015-2020, the market is anticipated to observe noticeable growth over the next few years. The MENA region is estimated to attain better growth, owing to the presence of online talent platforms which could prove beneficial by shifting the jobs which are informal towards formal sector, which would improve the skills that are to be acquired to perform their work. According to GSMA, the number of subscribers is anticipated to grow from 64 percent in 2018 to 69 percent in 2025. Additionally, the number of smartphone connections is predicted to rise from 54 percent in 2018 to 74 percent in 2025. The opportunity for improving skills and learning new skills is comparatively better, as the population is comparatively a young population which can adapt quickly to the new technologies that are being introduced in the region.

The Final Report will cover the impact analysis of COVID-19 on this industry

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To provide better understanding of internal and external marketing factors, the multi-dimensional analytical tools such as SWOT and PESTEL analysis have been implemented in the Middle East and Africa Cryptocurrency Market report. Moreover, the report consists of market segmentation, CAGR (Compound Annual Growth Rate), BPS analysis, Y-o-Y growth (%), Porters five force model, absolute $ opportunity and anticipated cost structure of the market.

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CRIFAX is driven by integrity and commitment to its clients and provides cutting-edge marketing research and consulting solutions with a step-by-step guide to accomplish their business prospects. With the help of our industry experts having hands on experience in their respective domains, we make sure that our industry enthusiasts understand all the business aspects relating to their projects, which further improves the consumer base and the size of their organization. We offer wide range of unique marketing research solutions ranging from customized and syndicated research reports to consulting services, out of which, we update our syndicated research reports annually to make sure that they are modified according to the latest and ever-changing technology and industry insights. This has helped us to carve a niche in delivering distinctive business services that enhanced our global clients trust in our insights and helped us to outpace our competitors as well.

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Middle East and Africa Cryptocurrency Market to 2028 -Global Market Size, Development Status, Top Manufacturers, and Forecasts - The Think Curiouser

According to a recent research survey, cryptocurrency investment is a touch more popular than gold in Russia. An organization called the World Gold Council surveyed 2,023 investors and cryptocurrency turned out to be the fifth-largest investment next to gold.

The World Gold Council (WGC) is considered an authority on the gold industry as the market development organization works with all types of industry leaders in the precious metals field. WGC also manages the very popular web portal gold.org and it often publishes research studies concerning safe-haven investments.

Just recently, WGC published a report concerning gold investments in Russia and the study also touched upon cryptocurrency investments as well.

The WGC surveyed 2,023 Russian investors that stem from all around the country. 68% of the surveyed participants said gold is seen as an effective store of value.

Most Russian investors believe [gold] holds its long-term value and protects against currency and inflation fluctuations, the WGC study details. In a chart that highlights the investments in Russia over the past 12 months, cryptocurrency investment vehicles represent a higher percentage than gold.

Cryptocurrency is listed as the fifth-most popular investment vehicle with a percentage rating of around 17%. Meanwhile, gold is roughly 16% among the 2,021 WGC survey participants.

Ahead of cryptocurrency investments include things like savings accounts, foreign currencies, real estate, and life insurance respectively. Below cryptocurrencies and gold on the WGC list are investments like collectibles, gold coins, stocks, and government-issued bonds.

Additionally, the WGC authors wrote that crypto investment is taking place in Russia even though regulations are quite gray in the region.

The rise of cryptocurrencies demonstrates that there is a desire for choice and appeal among retail investors. As the Russian investment market takes shape, opportunities for different investment products will emerge and gold will need to respond, the WGC authors said.

What do you think about the WGC report which shows cryptocurrencies as being Russias fifth-most popular investment? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, WGC report

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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World Gold Council Survey Shows Cryptocurrency Investment the 5th Most Popular in Russia - Bitcoin News

I advised subscribers to my weekly newsletter that BTC-USD was looking to make a move towards $12,000 this week and the data suggested a big move ahead. This may be the start of another leg higher in the coin.

Bitcoin has rallied $1,000 in the last 24 hours after payments platform PayPal (PYPL) announced that it would begin accepting payments in digital currency.

PayPal has over 26 million merchant accounts and 345 million users on its platform that will soon be able to buy, hold, and sell Bitcoin. The announcement also stated that Ethereum, Litecoin, and Bitcoin Cash would also be supported with the full rollout coming in 2021.

PayPal's President and CEO Dan Schulman said in the press release:

"The shift to digital forms of currencies is inevitable, bringing with it clear advantages in terms of financial inclusion and access; efficiency, speed and resilience of the payments system; and the ability for governments to disburse funds to citizens quickly".

The move has reverberated around the financial markets and excited the cryptocurrency enthusiasts, who have waited patiently for signs that cryptocurrency payments would enter the mainstream.

I noted at the beginning of this week that data showed Bitcoin could be ready for a big move.

Last week's Commitments of Traders report from the Commodities and Futures Trading Commission (CFTC) showed institutional traders had built up a record number of futures positions in BTC. While institutions were at record-long open interest, leveraged funds were near record shorts, and one of them was set to be wrong.

(Source: Skew)

While the futures positioning was moving to extremes, the implied volatility of BTC at-the-money options was also at levels not seen since 2019, ahead of the rally which topped in summer of that year.

The low volatility expectation meant that a move in either direction could be sharp and lead to the unwinding of positions that were caught in the wrong direction. The blast through $12,000 has set up that dynamic, and short-covering will have helped to drive BTC towards $13,000, with the key resistance only $1,000 above that level. If the price gets above there, then a move to the all-time highs is possible.

The increasing interest from professional investors is one sign of Bitcoin maturing as an asset class. Another sign is that the coin is now being taken more seriously as an inflation hedge and anti-dollar play, with the coin moving with the swings in the U.S. dollar that have accompanied market fears over inflation and the levels of debt and spending in the U.S. economy.

Another sign of Bitcoin's increasing status was its ability to shake off the turmoil at the BitMEX and OKEx exchanges. The former was charged over un-registered trading, while the latter saw one of its key holders going "out of contact" after assisting authorities with an investigation. September also saw a $281 million hack of the KuCoin exchange.

These events used to shake Bitcoin's price and send it lower, but it may actually be doing the opposite by confirming Bitcoin as a safe haven.

(Source: Glassnode)

Recent data by Glassnode has confirmed that, showing holdings on exchanges are plummeting to lows not seen since 2019.

Legendary Wall Street investor Paul Tudor Jones boosted the price of Bitcoin earlier in the year when it was retesting the $10,000 level by saying he had a small investment as an inflation hedge. Tudor Jones suggested then that the coin would likely outperform the returns of gold in that aspect.

Following the PayPal news, the Hedge Fund guru has said he likes Bitcoin "even more than I did then.

He added, Bitcoin has this enormous contingence of really, really smart and sophisticated people who believe in it. Its like investing with Steve Jobs and Apple or investing in Google early.

His final statement was that Bitcoin's rally could be in the "first inning", and it is hard to argue with that statement in light of the PayPal news.

The risks to the bullish thesis in Bitcoin are largely from the growing desire for the world's largest economies to pursue central bank digital currencies (CBDCs).

The world's largest economies are in the advanced stages of developing their own CBDCs. China has been a leader on this front with its digital yuan, but the U.S. and Europe are also exploring the move.

European Central Bank President Christine Lagarde commented earlier this month that a digital euro should be issued to trade alongside the fiat version, but it is possible that the latter would be phased out rather quickly.

As the world's central banks and large corporations continue to make moves into digital currency, the path to digital currency looks inevitable, but some currencies may be left behind. Global central banks will want to continue their control over the issuance of the money supply, and regulation from governments to clamp down on decentralized forms of money can't be ruled out.

This could mean that cryptocurrency projects, which are pure methods of payments, may see their freedoms curbed. Bitcoin would be one of these, but the coin is seeing a growing status as a store of value, and this may protect its valuation going forward.

I am now providing a larger selection of ideas exclusively to Seeking Alpha readers through my own Marketplace service. Global Markets Playbookis suitable for both active and long-term investors. Get involved now with a 14-day free trial.

Disclosure: I am/we are long BTC-USD. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Bitcoin Moves Closer To Mass Adoption With PayPal Addition - Seeking Alpha

VANCOUVER -- The Better Business Bureau is issuing a warning to Canadians after a rise in cryptocurrency scams. In the first six months of this year, nearly a million Canadians have filed related complaints, and many have lost money.

Were seeing victims losing $2,500, $8,400, $6,000, $3,000 - these are not small quantities, said Karla Laird with the BBB of Mainland British Columbia.

There have been many victims in the provice and right across the country, and the scams can take many shapes.

Cryptocurrency trading scams

We reached out to 90-year-old pensioner Richard Wear of Windsor, Ont. who got caught up in a cryptocurrency investment scam.

I thought, well, this might be a way to make some quick cash, he told McLaughlin On Your Side.

Wear couldnt have been more wrong. He got hooked by the flashy ads, seemingly real celebrity and political endorsements, fake reviews and promises of high returns.

Once he signed up, he deposited money into the so-called "trading platform," but when he wanted to cash out, he says, he couldnt get his money out.

I got in there to about $1,250, said Wear.

And Laird says anyone could be at risk.

Many people are still not quite aware of how it works, whats required, the dangers, the risks, the advantages, the disadvantages, she said.

Cryptocurrency job scams

You can also get hooked into cryptocurrency fraud with false promises of job opportunities.

Last year McLaughlin on Your Side investigated two websites that were seemingly offering jobs. Both had fake Vancouver addresses listed on their websites. Once victims had applied to the jobs, they were convinced to make hotel reservations for a youth group supposedly traveling to Canada on an exchange program.

They received thousands of dollars in e-transfers and were told to put the money into bitcoin machines to make the hotel payments. Then - the e-transfers turned out to be fraudulent, and the victims were on the hook for all that money.

"I feel like I should have listened to my instincts at first," said Osibwe Erua, who lost $2,000 before CTV News Toronto reporter Pat Foran intervened and confronted the culprits on the phone.

Laird believes Erua and others who got involved were unwilling partners in fraudulent activity, used to launder money.

Cryptocurrency scam calls

And then there are the scam calls that scare consumers into depositing money into cryptocurrency to help clear their name.

Leona Han of Vancouver got such a callfrom culprits who had somehow gained access to her social insurance number, pretending to be with law enforcement. The fraudster claimed her name and SIN were being used to set up accounts to launder money. Han was convinced to prove otherwise by "testing" her bank accounts - withdrawing the money and depositing it into bitcoin with a promise to have it returned.

'Youll be arrested,' a lot of threats, I got really panicky, Han said. She lost more than $8,000.

Pandemic sees increase in cryptocurrency scams

The BBB has received 914,000 complaints in the first six months of this year about negative experiences and encounters with fraudulent companies involving cryptocurrency schemes. And the scams ranked fourth on the BBBs national list of top 10 riskiest scams across Canada last year, with victims losing an average of $3,617.

These schemes are very sophisticated, Laird explained.

Red flags

Cryptocurrency is very complicated for most people to understand, but if you find yourself in a situation where you're not sure, there are a few things you can look out for.

First, always ask yourself, is this too good to be true? Promises of easy money can be a red flag.

Second, be wary of giving out account information or any personal details to a person you don't know or haven't thoroughly researched.

And third, beware of cryptocurrency investment and trading opportunities that promise high rates of return. The Canadian Securities Administrators warns of little regulatory oversight and a lot of risk. Cryptocurrency is not backed by banks or government and is not insured. You dont have legal protections when you pay with it if something goes wrong, like you would with a credit card.

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COVID-19 in BC: Cryptocurrency scams on the rise during pandemic - CTV News Vancouver