New users have flocked to crypto despite the bear market. A recent study from the Cambridge Centre for Alternative Finance found that the number of crypto users has nearly doubled this year, rising from 85 million in 2017 to 139 million in 2018.
Even more significantly, the number of ID verified users is seven times higher today than it was two years ago.
A significant amount of people have jumped into crypto – and a large number of them through a regulatory friendly platform. The days of crypto being used solely on the dark web are nearing an end. More and more people are becoming comfortable with crypto and believe in its long-term potential.
It's only a matter of time before this insurgence of new investors has a positive effect on the crypto market.
To read the full study, click here.
According to the latest data from Google Trends, the search term “What is Bitcoin” tops the charts in the “What is…?” category in both the UK and the US. The interest in cryptocurrencies doesn’t end with the market’s forerunner, though. “How to buy Ripple” is the fourth most searched phrase in the “How to…” category in the US. Read more.
UAE Exchange, the United Arab Emirates-based company, and Ripple, the blockchain technology company based in the U.S., are gearing up to launch cross-border remittances to Asia using blockchain technology. Read more.
The CFTC, which regulates derivatives, said in a statement that it planned to seek public feedback on Ether so it can better understand how the digital token is similar and different from Bitcoin. The futures watchdog listed a number of questions it has about Ether. Read more.
The former hedge fund manager and Goldman Sachs Group Inc. partner became an unlikely hero of the crypto movement and a billionaire on paper. Emboldened, Novogratz announced he was starting a cryptocurrency merchant bank, Galaxy Digital Holdings Ltd. Read more.
French political deputies want to spend €500 million (about $569 million) on state-level blockchain deployments over the next three years, local daily news outlet Les Echos reported Dec. 12. Read more.
A United States federal court has ordered two executives from crypto firm AriseBank to pay nearly $2.7 million in fines, according to a U.S. Securities Exchange Commission (SEC) announcement Dec. 12. The ruling follows an investigation by the SEC, which found that AriseBank was operating a fraudulent Initial Coin Offering (ICO). Read more.
Back in May, Thomas Lee, head of research at Fundstrat Global Advisors was predicting a rally to $25,000 by the end of the year. And despite things not playing quite in his favor -- the cryptocurrency is currently trading below $3,400 -- he’s sticking to his guns. Read more.
The networking platform for professionals said in a report Thursday that recent increased interest around cryptocurrencies has led to staff with blockchain development skills being in high demand in the U.S, and that related job listings have seen a 33-times increase in just a year. Read more.
Announced Wednesday, the app, dubbed Razer SoftMiner, allows gamers to utilize their idle graphics cards to mine for new transactions blocks on the ethereum blockchain, among other networks. While mining directly using software clients or via other apps earns computer owners cryptocurrency, SoftMiner instead rewards them with loyalty points under Razer’s Silver program; the amount of “silver” they get depends on the processing power of their computers and the amount of time dedicated to running the app, among more technical factors. Read more.