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Global Market Sees Increased Cryptocurrency Interest as Crypto Betting Sites Thrive

Bitcoin Press Release: Leading cryptocurrency aggregator CoinmarketCap has released a report detailing a surge in crypto Interest across both age and regional demographics. This recent adoption was aided by the resurgence of popular casino and sportsbook sites like 1xBit.  15th June 2020, Cyprus – According to data from CoinMarketCap, the biggest crypto data aggregator on […]

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Bitcoin Press Release: Leading cryptocurrency aggregator CoinmarketCap has released a report detailing a surge in crypto Interest across both age and regional demographics. This recent adoption was aided by the resurgence of popular casino and sportsbook sites like 1xBit

15th June 2020, Cyprus – According to data from CoinMarketCap, the biggest crypto data aggregator on the market, more and more users are showing an interest in digital assets. This interest was recorded in the youthful age demographic, as well as various regional demographics. Countries that saw the most user growth, in the first quarter of 2020, were India, Pakistan, Colombia, Canada, and Nigeria. The countries with the most female user growth are Greece and Romania. 

Crypto Surge in Age and Regional Demographics

The report published by CoinMarketCap analyzed the market and user trends surrounding cryptos for the first quarter of 2020. Data sourced for the report came from proprietary market capitalization data and user insights from CoinMarketCaps massive user base.

In addition to the trends and events that occurred around the coronavirus-induced March 12 market crash, CoinMarketCap identified two other trends that indicated positive developments for cryptos.

The first trend relates to growth in interest from female users of 43.24% on its platform, and the second trend recorded a 46.04% quarterly growth in interest for young adults (ages between 18 and 24).

A quote from the CoinMarketCap report reads: 

“In relation to the youth user segment (aged 18-24), the continent of Oceania saw the biggest percentage jump of 151.95%, followed by Africa with 91.47%,”- was the observation made in the report.”

The top nine countries with a user growth of at least 80% were as follows:

  • Nigeria: 210.6%
  • Australia (158.07%)
  • Spain (120.71%)
  • Canada (112.45%)
  • Mexico (97.33%)
  • The U.K. (91.48%)
  • Colombia (85.07%)
  • India (83.07%)
  • Pakistan (81.79%)
  • Greece Up (164%)

These percentages represent the number of new users between the ages of 18 and 24 in the first quarter. The numbers are much higher compared to those of the previous quarter. from this quarter the number of women interested in cryptocurrency increased by 43%. Data from the first quarter also revealed that more female users have started to show interest in crypto as well:

“While we have consistently seen an increasing number of female users, this segment saw a particularly strong growth of 43.24% compared to the previous quarter. Within the female user segment, the Americas and European regions grew more than 50% in users.

The nine countries with the highest growth in the female user sector in the first quarter compared to the previous one are: 

  • Greece: 163.67%
  • Romania (145.09%)
  • Argentina (98.23%)
  • Portugal (89.95%)
  • Indonesia (88.92%)
  • Ukraine (86.68%)
  • Czechia (85.6%)
  • Colombia (82.03%)
  • Venezuela (80.23%)

CoinMarketCap also discovered that not only the youth is interested in digital assets, as it observed an increase of 41% in the number of users past the age of 65.

Top Crypto Casinos See Surge in Use

As most operations and businesses have had to move online because of coronavirus restrictions, many gamblers have also taken their activity online. As a result there has been a rise in interest for crypto casinos due to their many advantages. The online crypto casino and crypto sportsbook, 1xBit is one such site, as it allows users to register easily and remain completely anonymous while betting and gambling. 

1xBit supports more than 20 cryptocurrencies, such as Bitcoin, Litecoin, Ethereum, Dogecoin, Monero, Zcash, Tether, Ripple, and many others. As all payments are made in crypto, there are no fees applied when user deposits and withdrawals from your multi-currency account. Also, payouts are executed at a fast rate, with no long waiting times.

There has been a surge in esports popularity on betting sites,and crypto casinos as traditional sports have been on hiatus. Esports and crypto are a perfect combination, as they both have tech-savvy audiences. 1xBit also features a variety of esports events with high odds, in addition to more than 5000 slots, games from 100 game providers, and dozens of table games with live dealers.

1xBit offers a huge BTC bonus to new users which can range up to 7 BTC. There are four initial deposit bonuses that range between 1 BTC and 3 BTC, and the total amount can reach a whopping 7 BTC

  • Deposit Bonus 1: (100%) up to 1 BTC 
  • Deposit Bonus 2: (50%) up to 1 BTC 
  • Deposit Bonus 3: (100%) up to 2 BTC 
  • Deposit Bonus 4: (50%) up to 3 BTC

Media Contact Details

Contact name: Anastasia Semenova

Email: [email protected]

Learn more about 1xBithttps://1xbit.com/bonus/rules/welcome_bonus

Get the latest 1xBit news from Twitterhttps://twitter.com/1x_bit

Watch 1xBit on YouTube – https://www.youtube.com//1xbit

Join the 1xBit community on Telegramhttps://t.me/sportsbook_1xBit

1xBit is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

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Source: https://bitcoinprbuzz.com/global-market-records-increased-cryptocurrency-interest-as-crypto-betting-sites-thrive/Source: https://bitcoinprbuzz.com/global-market-records-increased-cryptocurrency-interest-as-crypto-betting-sites-thrive/

Blockchain

Indian Olympic Medal Winners to Get Free Bitcoin (BTC) and Ethereum (ETH)

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The cryptocurrency platform Bitbns intends to open a systematic investment plan (SIP) in digital assets for Indian athletes who win medals at the ongoing Tokyo Olympics. The exchange will reportedly grant around $2,700 in crypto for gold medal winners.

‘Faster, Higher, Stronger’ And Earn Crypto

The Economic Times reported that Indian athletes at the Olympic Games could receive cryptocurrencies as a gift if they manage to win a medal at the tournament in Tokyo.

The trading venue that will reportedly provide the offer is Bitbns. The first athletes that can get cryptocurrency exposure for free are the winners Mirabai Chanu and PV Sindhu. The former won a silver medal in 49 kg women’s weightlifting while the latter acquired bronze in the women’s singles badminton at the Tokyo Olympics.

Bitbns plans to roll out a SIP account and grant nearly $2,700 in digital assets for Olympic champions, $1,350 for silver medal winners, and $675 for bronze medalists. It will transfer the amount into their accounts, and after completing the Know Your Customer (KYC) norms, the athletes will have exposure to cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).

The trading venue explained that it would structure the SIP for a 3-5 year period, and thus the medal winners will be able to generate profits in the long term through Bitbns. Gaurav Dahake – the Chief Executive Officer at the platform – noted:


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“Bitcoin and Ethereum have been the best-performing assets in the last decade, and have given exceptional returns and we aim to get our winners indulge in this rewarding journey.”

Indians Love Cryptocurrencies

According to a recent research, Indian residents increased their digital asset investments from $200 million in 2020 to $40 billion for the first six months of this year, indicating that their appetite for cryptocurrencies surged significantly.

What is even more impressive is that Indians, who are well-known gold admirers, started switching their investment strategies from the precious metal to virtual currencies. A local investor explained:

“I would rather put my money in crypto than gold. Crypto is more transparent than gold or assets and yields higher returns in a shorter period of time.”

The survey added that the number of people who trade cryptocurrencies in India is 15 million. It significantly surpasses a well-developed country such as the UK, for example, where 2.3 million individuals have entered the market. Sandeep Goenka – the co-founder of the platform ZebPay – revealed the reasons why the second-most populated country saw this massive increase:

“They find it easier to invest in crypto than gold because the process is so much simpler. You go online, you can buy crypto, you don’t have to verify it, unlike gold.”

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Source: https://cryptopotato.com/indian-olympic-medal-winners-to-get-free-bitcoin-btc-and-ethereum-eth/

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Blockchain

Coinbase halts Bitcoin SV trading after yet another 51% attack

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Bitcoin SV is in trouble once again after Coinbase announced that it will be halting BSV trading on the platform. This update came on the back of a string of attacks the network has been facing since late June. As per the announcement made by the exchange,

“Due to the 51% attack that has occurred on BSV today we are stopping all BSV trading.”

Bitcoin SV was the target of a massive 51% attack early on Tuesday, an attack which was called “the largest since launch” by Blockchair developer Nikita Zhavoronkov. He further claimed on Twitter that the reorganization was 100 blocks deep and wiped out 570k transactions.

The attack was first brought to the community’s notice by CoinMetrics’ Lucas Nuzzi. Arguing that “some serious hashing power” was unleashed on the network early on Tuesday, he revealed that up to three versions of the chain were being mined simultaneously across pools.

Coinmetrics later confirmed that the firm’s own blockchain security monitoring tool FARUM identified the attack.

The Bitcoin Association also confirmed the incident on Twitter, recommending node operators to mark the fraudulent chain as invalid. It’s worth noting, however, that at the time of writing, the Association had released yet another statement on the same.

It said,

“…. believes that this is the same attacker that previously initiated block re-organisation attacks against the BSV network on June 24 and July 1, 6 & 9, 2021.”

Coinbase’s action made waves in the community. However, such steps are perhaps routine for the network now. In the past, BSV has been dropped by top exchanges like Gemini and Binance. It also saw several exchanges block withdrawals and deposits for the asset as liquidity providers suspended access to the token’s liquidity. This was preceded by more attacks in the last week of June and the first week of July.

As far as Coinbase is concerned, the exchange is yet to reveal when it might restart trading services for Bitcoin SV. With many in the community at sixes and sevens, it’s unlikely it’s going to be anytime soon.

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Source: https://ambcrypto.com/coinbase-halts-bitcoin-sv-trading-after-yet-another-51-attack

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Looking To Pull An El Salvador, Spain Considers Bill To Allow Mortgage Payments In Crypto

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Looking To Pull An El Salvador, Spain Considers Bill To Allow Mortgage Payments In Crypto

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Cryptocurrency and blockchain are becoming quite mainstream as of this year and it’s likely that just about any financial transaction will be able to be completed via the use of crypto in the next few years. Of course, there are bodies pushing against the integration given the lack of regulations and the fact that it could help finance illicit acts.

However, the crypto wave is continuing to grow despite all of the recent adversity. And, according to Spanish paper 20 Minutos, Spain could begin to allow persons to pay their mortgages with crypto pretty soon.

The publication reports that Spanish lawmakers are perusing a proposal that would see to the above. The Digital transformation Law, as it’s called, would make it so that crypto and blockchain become legitimized, while tax incentives are being considered for institutions keen on working under the artificial intelligence umbrella, which would include blockchain tech.

Spain’s incumbent People’s Party is intent on having the country’s banking infrastructure catch up to the times in terms of tech and will promote the use of digital currencies, as well as various other transformative technologies. The proposal suggests that the country’s whole mortgage system should undergo reform, in addition to having crypto payments possible.

El Salvador Took The Lead

This comes on the back of El Salvador’s move to accept bitcoin as legal tender. The Central American nation is very pro-crypto in such regard and it appears they have set the stage for other countries to naturalize digital assets, so to speak.

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Where Spain is concerned, the current proposal advises that banks use blockchain as a means of operating the mortgage system while making use of smart contracts for insurance.

“Introduction into the mortgage system – it also proposes that banks use Blockchain technology to manage mortgages, insurance and speed up compensation – it proposes to extend it to insurance policies, with ‘smart contracts’ with conditions depending on the procedures to be followed, the verification processes and potential incidents.“

El Salvador making bitcoin legal tender was a huge move and we aren’t yet to see the full scope, although the country’s population stands at just 6.5 million so they aren’t expected to have that great of an impact on a worldwide scale. Spain is a different case, however.

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Source: https://zycrypto.com/looking-to-pull-an-el-salvador-spain-considers-bill-to-allow-mortgage-payments-in-crypto/

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