Cambridge University claims that there are over 101 million people using the Bitcoin network today, while ChartBTC notes that there are just under 2,5 million BTC left to be mined over the next 120 years. These and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
📍A study from Cambridge University says that there are currently more than 100 million people using Bitcoin (BTC), a figure that reveals a 189% growth in cryptocurrency adoption compared to the figures shown in 2018. The data analyzed by the university comes from a total of 280 cryptocurrency exchange, payment, custody and mining companies, located in 59 countries. The study also reveals other important industry data, such as a slowdown in the number of full-time employees, which decreased after the cryptocurrency frenzy at the end of 2017.
Likewise, the University of Cambridge reveals that users continue to interact mainly with service providers, such as cryptocurrency and fiat exchanges, to enter and leave the ecosystem; in addition to detecting a greater presence of stablecoins (stablecoins) such as Tether (USDT), whose use grew by 32% compared to values analyzed in 2018. Finally, the university concludes that the percentage of exchanges The number of cryptocurrency service providers without AML and KYC verification decreased by 35% during this year. Currently, more cryptocurrency service providers are concerned about complying with current regulations to decrease the risks of financial crimes, surely as a result of the progressive harmonization of KYC/AML standards across jurisdictions, such as the one initiated by the Financial Action Task Force (FATF).
📍In a recently posted tweet, ChartBTC He indicated that there are already more than 18.500.000 bitcoins mined and in circulation, so the network has just under 2.500.000 BTC left to mine.
According to the data provider, about 50% of these bitcoins will be mined in the next 4 years. In response to these claims, one user commented that it takes another 120 years to fully mine the cryptocurrency, pointing out that the creation of the enigmatic Satoshi Nakamoto It is completed in approximately 2140.
Learn with Bit2Me Academy: What is the Bitcoin halving and what is its function?
📍China continues to advance with the development of its global services network, Blockchain Service Network (BSN). Recently the developers of the network announced Blockchain enthusiasts around the world will be able to access the Tezos protocol using the global public city nodes and portals interconnected with the Chinese service network BSN. To date, the global public city nodes of this network are located in cities such as Hong Kong, California and Paris, according to the announcement.
📍Zo Bank B&T Câmbio Group becomes the first digital bank in Brazil to allow the exchange of real to Bitcoin. The initiative of Grupo B&T Câmbio, which has been implemented since May, is now available to the general public. At the moment, the exchange of crypto to fiat is only allowed for Brazil’s legal tender, the Brazilian real, and the market-leading cryptocurrency, Bitcoin (BTC). The development team behind the digital bank plans to expand the options of this bank, as well as integrate more exchanges so that users can enjoy various quotes when making their exchanges.
📍In Russia, the country's government opted to ban the operations of various Bitcoin and other cryptocurrency exchanges, such as Binance y LocalBitcoins, as a measure to prevent the spread of information about Bitcoin within Russian territory. According to a local media report, the Federal Service for Supervision of Telecommunications, Information Technology and Mass Media, also known as Roscomnadzor, was the one who notified the exchanges about their inclusion in the blacklist of the Russian Federation to prevent the spread of information about the sale of cryptocurrencies. The exchanges claimed that they did not receive prior notification about the actions of the federal body.
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