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March 24, 2021
Comments Off on The number of Non-Zero Bitcoin Addresses Hits New All-Time High
While bitcoin continues its roller-coaster ride towards the top. It’s also gaining rapid popularity. On Friday, the overall existing bitcoin address created a new milestone. The number of active bitcoins addresses with bitcoin in them hid an all-time high of 36,896,000. All these addresses were non-zero bitcoin addresses making a huge milestone.
Soon after this happened, on Sunday, the numbers dropped back to 36,770,000. This report generated through a data analysis done by the Glassnode. The cause is assumed to be cryptocurrencies and blockchain demand. It is already becoming a mainstream investment platform for many. And with such monumental achievements, the crypto market is all set to hit new records. Speculators suggest that this bitcoin will also tear this milestone very shortly.
More insight
As per research conducted about how many bitcoin addresses have over 1000 bitcoins. The researchers found that there were more than 2300 addresses before December. The number dropped by 
3.7% in December to around 2200. In January the number increased to about 2400. People with 1000+ bitcoins in their account are called “whales.” The average value of 1000 bitcoin was around $37.5 Million in that month. The increasing number of whales in the market also indicates bullish trends.
3.7% in December to around 2200. In January the number increased to about 2400. People with 1000+ bitcoins in their account are called “whales.” The average value of 1000 bitcoin was around $37.5 Million in that month. The increasing number of whales in the market also indicates bullish trends.Does this Affect the Price?
Considering so much happening, does this affect the price of bitcoin in any way? Let’s find out. In 2018, in bitcoin’s last bull run, the total number of bitcoin addresses was around 28 Million. But as the price dropped to $6000 the number fell sharply to approximately 7 Million. This was only 25% of the previous figure.
But, after that, no research could find any relation between these two variables. Because the price kept fluctuating, but the number of addresses kept increasing. The number of active non-zero addresses increased rapidly. But the numbers boomed after BTC surged by 50% in MAR 2020.
What is different in both Scenarios?
Although both the markets were similar, as there were no fundamental differences. But, after this fall, bitcoin 
was already becoming more than just a fancy currency. Due to its rising acceptance, BTC created value for itself. Soon after, multiple crypto ATMs were opening around the world. As per reports, since 2018, the number of such machines increased by 750%.
was already becoming more than just a fancy currency. Due to its rising acceptance, BTC created value for itself. Soon after, multiple crypto ATMs were opening around the world. As per reports, since 2018, the number of such machines increased by 750%.Soon after, companies like Microsoft and Tesla started accepting bitcoin. Companies like PayPal and Square are providing crypto services and payments.
After research, it was clear that bitcoin is no longer affected by the number of active addresses. So, the change in number will never have any substantial effect on this currency’s price. Since the crash of 2017-18. Bitcoin has steadily increased its financial sector footprint to an extensive level. With that, we can say that it is implausible to shake seeing a decreasing number of active users. What’s more, many experts say that bitcoin is yet to reach its full potential.
March 23, 2021
Comments Off on Coinbase pays $6.5 million to CFTC over trading Allegations
We all learn a school lesson that says, “We always pay for the crimes we do.” Coinbase is going through something very similar to that. A report by CoinDesk claims that Coinbase was heavily fined for trades they did a few years ago. The fined amount is close to $6.5 Millon, which for faking their trading statements to gain customers.
As per research, the allegation relates to internal trading between its divisions. This was to increase their overall trading volume. Where they made it look like people are trading in such volumes.
Case Settled without Disclosure
What’s even more surprising is that Coinbase also agreed to pay that fine without any disclosure. Which means they neither deny the claim nor accept it. People are speculating that they did so because of 
their upcoming listing proposals. As per an article by Wall Street, Coinbase is looking to list itself over NASDAQ.
their upcoming listing proposals. As per an article by Wall Street, Coinbase is looking to list itself over NASDAQ. The platform has over 40 Million users along with 7000 institutional investors. It is one of the largest crypto exchanges in the market. Many governments have eyes on this matter. They are looking to understand the risks and opportunities involved in cryptocurrencies.
Details about the Crime?
Claims state that Coinbase was allegedly involved in many reckless and misleading trades. As per reports between Coinbase delivered fake reports between Jan 2015 & Sep 2018. The company started a new division called Coinbase Pro. Under which, they generated multiple orders to trade between both the divisions. Through this, they mislead numerous traders about their trading volume and generated customers.
The primary claim was for creating wash trades. Which were to manipulate their trade volumes. One of the former employees of Coinbase performed various wash trades. These were of Litecoin and BTC. All of this happened on their GDAX platform. And at that time, wash trades were already banned by the Government. Because they create false volume and fake trading revenue.
What did the CFTC Say About this?
Although 
CFTC was sure, Coinbase did something to manipulate the system. They also made sure to clear doubts regarding customer safety. Also, they said that these wash trades harmed no Coinbase customers. They even confirmed that no such practices are happening at Coinbase after 2018. The official even said that such activities were due to recklessness. In a statement, the CFTC Commissioner asked the public to be optimistic about this. Dawn Stump said that, although the findings were factual, there is nothing we can do to regulate it. We only have the right to investigate where we feel necessary, said the commissioner of CFTC.
CFTC was sure, Coinbase did something to manipulate the system. They also made sure to clear doubts regarding customer safety. Also, they said that these wash trades harmed no Coinbase customers. They even confirmed that no such practices are happening at Coinbase after 2018. The official even said that such activities were due to recklessness. In a statement, the CFTC Commissioner asked the public to be optimistic about this. Dawn Stump said that, although the findings were factual, there is nothing we can do to regulate it. We only have the right to investigate where we feel necessary, said the commissioner of CFTC.In February, Coinbase =registered and filled the legal documents to list on NASDAQ. The S-1 prospectus of Coinbase says that it has over 43 Million users. And the total assets in trusts are worth over $90 Billion. Since its incubation, it has completed transactions worth $456 Billion. Their reported profit for last year was $322 Million with a revenue of over $1.2 Billion.
March 19, 2021
Comments Off on What are the common issues of a Blockchain wallet?
The first blockchain technology came alongside bitcoin almost a decade ago. But if you look at its development, it’s practically unbelievable. Blockchain technology is arguably the best innovation of the 21st century. Most of the financial activities are slowly switching to blockchain-based databases. This is because they are secure and automated.
What are Blockchain Wallets?
A blockchain wallet is like a safe for storing your cryptocurrencies. Lately, there are many users 
using blockchain wallets. They use it for keeping their private bitcoins and other crypto assets. But, as the demand for these wallets increases, so do the problems that users face. However, there are multiple uses of a blockchain wallet. Many users face severe issues while using them.
using blockchain wallets. They use it for keeping their private bitcoins and other crypto assets. But, as the demand for these wallets increases, so do the problems that users face. However, there are multiple uses of a blockchain wallet. Many users face severe issues while using them.Common Issues faced by Blockchain Wallet Users
· Less Security:
Although some high-end encrypted wallets are the most secure ones. However, they are equally costly. Most of the users use generic wallets, which do not provide decent security. In case you are using a website to store your crypto assets. The complete website may get hacked. In that case, you are at risk of losing all your money.
· Fishing and Scam:
One of the most common issues faced by millions of users is fishing and stealing. Various people use phishing to lure you into their scams. They show fake promotions to get your details. They try to retrieve your login credentials. Then they can easily access your wallet. An excellent way to avoid this issue is by activating 2-factor authentication. Through which, every time someone logs-in to your account, they will need a 3rd random password.
· Only stores Crypto Coins:
Another significant issue people are facing is non-compatibility. Most of the wallets only support famous crypto coins like BTC and ETH. You won’t be able to store other assets. For example, you cannot store smart contracts in most wallets.
· Speculative and uncertain:
Many 
People use wallets to store their crypto assets that do not support buying or selling of coins. In that case, you are always prone to the volatility of the market. The chances are that the prices may drop suddenly. In that case, you will not be able to in-cash your holdings.
People use wallets to store their crypto assets that do not support buying or selling of coins. In that case, you are always prone to the volatility of the market. The chances are that the prices may drop suddenly. In that case, you will not be able to in-cash your holdings.· Issues with Passwords:
Recently a piece of news made headlines about one hardware wallet. A person with millions in holding forgot his wallet password. However, most of the wallets come with options to recover passwords. Some high-end hardware wallets do not support such options. Due to which it becomes a big problem for users to remember that exact password.
There are various problems faced by many users while using blockchain wallets. However, most of such issues have easy solutions as well. If you are thinking about using a blockchain wallet, you should give it a try. In case you face problems using it, you can always try a different service. There are thousands of blockchain wallet providers in the market.
March 9, 2021
Comments Off on U.S. government decides to auction Bitcoin in their upcoming auction
Recently the US government officials revealed something out of the ordinary. They said that the government will offer Bitcoin in its upcoming auction. Usually, the General office auctions 
material goods. Like cars, storage containers, etc. But, its decision to auction BTC at this point came as a surprise to many.
Most of the time the US-based GSA auctions equipment that is in federal surplus to the public. The current bitcoin auction will occur in a week under lot number 4KQSC121105001. This auction states that bitcoin has already become more mainstream.
How much bitcoin will the Government auction?
The quantity of bitcoin they are auctioning is 0.7501 BTC. Its estimated value should be around $38,700. Although, the government denies to answer, from where they confiscated such bitcoin. Clearly, they have no use of it.
Though unbelievable, this is not the first time the Government is auctioning bitcoin. In fact, this quantity is not even close to the amount of bitcoin the US officials offered in public action. This dates back to 2014 when the US Marshals Service auctioned around 30K bitcoin. They seized ransomed bitcoin from the Silk Road market. With all that happening, many large entities are buying their stake in bitcoin. And the cryptocurrency is all set to break through newer barriers.
What was the valuation of the 2014 Auction?
When the US auctioned around 30,000 bitcoin, its estimated value was around $19 Million in 2014. Later, Trim Draper, a venture capitalist bought them, but the price was never disclosed. It is estimated that bitcoin would be roughly worth around $1.5 Billion as bitcoin skyrocketed to $51,000.
When will this auction occur?
Auctions where items like scientific equipment, heavy machinery, vehicles arrive. Bitcoin is certainly receiving a lot more interest from the public. As per the GSA’s official auction website, the auction will be in 
Atlanta, Georgia. Here bidders will bid their price and the one to bid highest is the winner. The bidding will start from 5 PM on 15th Mar and last until 48 hours. The starting amount will be around $25,000 as per sources.
The full payment for 0.7501 BTC will occur via wire transfer on or before 19th March. Once the auctions are complete the winner will receive all the bitcoins. This is after the clearance of all dues.
What are the requirements for Entering the Auction?
Below are the documents you need to present before entering the auction successfully:
- Forfeited Property Sales Certification Form:
This form is mandatory for all the appliers. As it reveals the nature of business you do. It also proves that you do not work for the Department, and also not the previous owner of those bitcoins.
- Bitcoin End-Use Certificate:
This is a mandatory criterion for the auction. In the form, you need to enter your name, bitcoin wallet details, your personal identity number, and other personal information.
Your participation in the auction is subject to successfully completing both of these forms.
March 8, 2021
Comments Off on The Chinese photo modification app Meitu invests in Bitcoin and Ethereum
Meitu is a Chinese photo-editing app maker launched in 2008. In a recent report, Meitu reveals that it purchased a decent amount of stake in crypto coins. It purchased $22 Million worth of Ethereum.
Also, Bitcoin for $17.9 Million. Flowing major investors in cryptos like Tesla and Square. Meitu is also backing cryptocurrencies with its extensive cash reserve. Although most of these companies invested in BTC, Meitu stands out the most. Its major portion of the investment is into the Ethereum blockchain coin ether.
Why did Meitu Bought ETH & BTC?
This act proves that Meitu is a crypto supporter. The company also said cryptocurrencies provide diversification. There are Speculations that Meitu might look into entering the blockchain app business.
After the company revealed this on Sunday. The prices of ether have seen a positive change. Bitcoin runs on its blockchain. Whereas Ethereum runs on a different network altogether. It operates on an open-source blockchain technology that is developer-friendly. This means any developer can develop apps on the Ethereum blockchain. What’s more the company can also use ether as its payment driving force. As it works seamlessly on top of this blockchain. In a statement, Meitu compares blockchain to the disruption smartphones bought. They said it has the potential to bring a change in the technological and financial sector.
They also stated that cryptocurrencies have a large space for improvement monetarily. And the company can benefit from that in the long-run by diversification. By allocating a part of its cash treasury they can even counter devaluation.
About Meitu
There was a time in the early 2010s when Meitu was the pioneer in the beatification of photos. It created that 
dominance just by providing touch-ups to regular pictures in China. But all this came to a stand-still after smartphones took over the industry by storm. Now, most devices come with a built-in filter that creates similar effects. This makes it hard for companies like Meitu to survive in the market. The company which was HK$18 in 2017 is now standing at just HK$3 currently.
dominance just by providing touch-ups to regular pictures in China. But all this came to a stand-still after smartphones took over the industry by storm. Now, most devices come with a built-in filter that creates similar effects. This makes it hard for companies like Meitu to survive in the market. The company which was HK$18 in 2017 is now standing at just HK$3 currently.Meitu’s chairperson Mr. Cai Wensheng is also an amid supporter of this revolution. Even though coin offering and crypto exchanges are not allowed in China. He says, he purchased around 10K Bitcoins in 2018 alone.
More details about the purchase
Meitu aims to create an alternative growth plan. There are doing that by investing in the crypto world with a positive mindset. On 7th March it purchased close to 15K ether that is worth $22.1 Million. And around 380 Bitcoins worth $17.9 Million. All these transactions took place in the open market. Bit, this is not the end, the company is looking to invest more. With around $100 Million in cash reserves. Meitu aims to invest all that into cryptocurrencies. Considering that, this might be their first buy, out of the many coming in the future.
March 6, 2021
Comments Off on Understanding the basic properties of Cryptocurrency
If you are an amid investor or someone who likes to follow the operations in the financial sector. You must have heard about Cryptocurrencies. Although most of our readers know what is 
cryptocurrency. They fail to understand the true property of a cryptocurrency. So, in this article, we will take you on an in-depth deep dive into the world of cryptocurrencies. Reading this article will make you understand the true nature of cryptocurrencies. This will also help you in understanding why most HODLers believe in them.
What is a Currency?
Before diving into the crypto part let’s first understand what does a currency means. Before the rise of currency, people used the barter system as the medium of exchange. But as humanity evolved so did the demands. This made it harder to transact via the barter system. and led to the currency.
The currency is just a state-promised medium of exchange. There are many uses of currency. But the basic use is to exchange it for anything with an equivalent value. Governments issue currency in the form of paper or coin. Which the nation has to accept at its face value.
What is Cryptocurrency?
A Cryptocurrency offers similar fulfillments which occur virtually. What’s more, there are no mediators or regulators of cryptocurrency who can manipulate it. You can use it to transact online. It works on the framework of blockchain. Blockchain is one of the most flourishing decentralized technology of this era. It is across the internet on various devices to record and manage operations.
Properties of Cryptocurrency
Below are some of the basic properties of a cryptocurrency:
It is in-tangible
Although most of the previous currencies were tangible. Cryptocurrencies are 100% virtual and there is no physical form for them.
Decentralized
A primary reason for this rapid growth in the crypto market is its decentralized nature. This is what intrigued people to look for a currency that is not in control of the government.
Various Alternatives
The most famous crypto coin of all time is bitcoin. But, we have 5000+ alternative coins in the market. These crypto agencies solve one or the other drawbacks of each other. Which makes each of them very unique and different from the other.
Future-oriented
As the value of money is going down, there has to be something that offers similar value in the future as well. With cryptocurrency’s decentralized nature it is impossible to manipulate. Therefore, it is the best.
Fulfills Basic requirement of Money
There are in total 7 requirements that you will find in money. Which are as follows:
- Essential value
- Durable nature
- Transferable
- Rare
- Stable store of value
- Divisible
- Homogeneous
All 
these qualities are present in cryptocurrencies.
Highly Volatile in Value
A big reason why most people are afraid to invest in the crypto market is its volatility. Cryptos are highly fluctuating assets as they are not governed by any entity.
Negative Uses
There are various rumors that people are using cryptocurrency for false usage. This includes trafficking, terrorism, dealing in the black market, etc.
This is also one of a few dark properties of the crypto world.
March 5, 2021
Comments Off on Brave set to target Google’s biggest business model
Brave is a privacy-focused web-browser that is becoming very popular these days. It has come out as the number one alternative for google chrome. In a recent interview, its founders revealed that they are working on an ad-free search engine. Brave offers users with Basic attention token (BAT) in exchange for ads which is very unique.
How will Brave Launch a Search Engine?
As per their interview, Brave revealed that it is all set to launch its very own search engine by the end of 2021. Brave is all set to hamper the Google-dominated search engine market. Google has control 
over 92% of the Market which brave is trying to bite away. Brave recently carried-out an acquisition of TailCat. A team of developers who developed the Cliqz search engine was also the founders of TailCat. With the help of Tailcat’s independent index brave is set to launch their Brave Search. Brave claims that their search engine will not access and collect personal information. Unlike Google, the brave search will work on a privacy-focused model.
Remarks made by Brave
The primary motive as stated by Brave is to give users a better browsing experience that is much safer. They also mentioned that tech giants currently dominate the current search market. In addition, they are more focused on revenue than anything else. But, with the company’s vision, the brave search will offer a more privacy-driven search engine.
Brave has seen a drastic growth in its userbase. This unforeseen change is the result of increasing demand for privacy. Brave has already seen more than 25 million users on its platform. The company also claims that the user base will keep on increasing. This will happen due to the increasing demand for privacy among people.
That’s not all the upcoming brave search engine will also be ad-free. Where brave will run the same reward program, where users can opt for BAT tokens in return. This initiative was also one of its kind which helped Brave make a place for itself.
What did TailCat say?
Tailcoat was a byproduct of Hubert Burda Media which also built the Cliqz search engine. The CEO of this company 
stated that they are happy to partner with brave. He also mentions that brave is a Google alternative. It is privacy-friendly. He applauded Brave. Indeed, it’s an overwhelming moment for Tailcoat. He also added that this is a long-term collaboration.
What can we expect?
Brave has already grown from 11 Million monthly users to 25 Million userbases. Although certain facts are yet to be known. Like, where brave just said, that they will make contributions anonymous. Even with that much going on, it is certainly a task to remove Google as the market leader. Google has been leading for ages. It is using chrome and Google as its fundamentals. CEO Brendan said many more things about brave. He added many advantages of using a privacy-focused web application.
February 23, 2021
Comments Off on Thai Crypto Traders have to Show Income Statements
There are rumors about the implementation of a new rule for Crypto users in Thailand. As bitcoin rallied its way to $40K, then to $50K Thailand has seen massive growth in Crypto investors. Sources say, most of these investors are partially young with limited crypto knowledge. After noticing this unusual 
surge falling prey to the lucrative crypto profits. The Thai Government is taking strict measures to regulate cryptocurrencies. In order to save such investors and their money from such high-risk assets.
Details about the Proposed Rule
The new rule implicates investors to showcase their income statement. After this, retail investors will have to provide their tax returns to open a trading account. The SEC’s secretary in general Ruenvadee Suwanmongkol presented this opinion. This discussion took place in her interview on Friday. Thailand has licensed only six exchanges to trade in crypto.
The rule suggests, only those with the necessary knowledge should invest in crypto. Regulators can ensure this by screening every investor interested in trading. After this, investors are in deep trouble as there are many not eligible to trade. Now they have to opt for licensed finance managers to invest in cryptocurrencies
She also stated, most of the investors are partially young including teenagers & students. Hence, it’s crucial to regulate domestic exchanges. Ruenvadee also agreed that more and more people have started investing in cryptos. But was against such decisions due to its enormous risk and volatility.
Why is Thailand Planning to regulate Crypto?
After the country tackled the Coronavirus pandemic. It has faced huge losses due to the falling hospitality industry. Not to forget most of the tax revenue generated in the country was from its hospitality industry. Thailand is the 2nd largest economy in Asia growing steadily in the crypto market. During this, Bitcoin drew even more attention. Soon after the coin crossed its $1 Trillion-mark last week.
Ruenvadee 
also said that the total revenue of trading platforms tripled in January. In December it was around $700 Million that raised to $2 Billion in January alone. Data provided by the SEC suggests that 90% of that trading revenue came from Thai citizens.
After this, many official authorities are planning to regulate the currencies increasing outbursts. Thailand is also among the list of countries that are against crypto. Therefore, they want to bring out the riskier side of the currency.
Other important details from the Interview
These rules will be out in the coming week by Thai regulators. After which a public hearing will happen to inform all the citizens about this amendment. This hearing will occur in the first week of March’21.
SEC’s secretary in general, Ruenvadee Suwanmongkol had some interesting things to share. She said Thailand will also notice its first crypto coin developed by a local company. And revenues generated from property rental services will back the token, she said.
February 22, 2021
Comments Off on Mark Carney is now a Board of Director in Stripe
On Sunday, Stripe revealed Mark Carney’s inclusion in the directors group. Mr. Mark Carney used to be Bank of England and Canada’s governor. He played a vital role in pivoting the role of digital currency at both banks.
After officially joining Stripe, let’s see how things work. Mr. Mark has an extensive career of 
over 13 years at Goldman Sachs. He has worked in various branches including London, Tokyo, and New York. He is currently the VC of an Asset Management company based in Toronto.
over 13 years at Goldman Sachs. He has worked in various branches including London, Tokyo, and New York. He is currently the VC of an Asset Management company based in Toronto.Will this benefit Stripe?
Carney joined few days after rumors started floating about its primary funding round. Some say Stripe is preparing for an IPO, whereas the company says all of this is just a rumor. After announcing this, Stripe now has a total of 7 Board of Directors. Carney will be joining Christa Davies, Jonathan Chadwick, Diane Greene, Michael Moritz. There are 2 more members on the table, Patrick & John Collison who are the co-founders of Stripe.
As per the official statement, Stripe aims to use Carney’s experience in global finance. They want to take advantage of his governance quality and use it for their benefit. Stripe’s value was at $20 Billion in 2018, which increased to $36 Billion in April 2020. The company’s growth amidst the pandemic was unbelievable. They went from $36 Billion to a valuation of close to $115 Billion post-Covid-19.
Now, the company is planning to raise around $100 billion from the market. With plans to grow their business across Asia, this IPO can be one of 2021’s biggest IPOs.
In December a senior executive mentioned that Stripe plans to cover Southeast Asia.
What are the services offered by Stripe?
Stripe is a financial service provider which also works in the SaaS sector. It offers payment solutions along 
with programming services for e-commerce websites. Stripe is popular for its digital payment products that you can use for payments. In April 2020 Stripe raised close to $600 Million. After this, the company’s valuation jumped to $36 Billion.
with programming services for e-commerce websites. Stripe is popular for its digital payment products that you can use for payments. In April 2020 Stripe raised close to $600 Million. After this, the company’s valuation jumped to $36 Billion.Many Fintech companies saw massive growth in the Pandemic. As most of their customers were sitting at home. Due to which they spent more time managing their finances remotely.
Other remarks by Stripe and Mark Carney
Mr. Mark is one of the most influential economists and also a very good banker. He is currently the VC of an Asset management company that controls Assets worth $500 Billion. Stripe stated their interest in the knowledge he has about Global financial markets.
The nature of commerce has changed drastically, said Mr. Carney. Pointing out that Stripe has played a major role as a front in pivoting the new digital economy. He is interested to help Stripe in the coming years. Where the company will build the required global infrastructure. That will enable Stripe to use the Internet as their driving force for economic growth.
February 20, 2021
Comments Off on How did Cryptocurrencies evolve from nothing to everything?
The year 2021 has to be the most bullish year history has ever seen in the crypto markets. Who would have guessed this about bitcoin that initiated as an experiment one decade ago? Eventually pioneering a global revolution in 
financial markets. Let’s unravel the mystery beyond cryptos evolve. Also, how they changed the financial markets. Our interesting insights will let you know more about the evolution of cryptocurrencies.
financial markets. Let’s unravel the mystery beyond cryptos evolve. Also, how they changed the financial markets. Our interesting insights will let you know more about the evolution of cryptocurrencies.Introduction of Cryptocurrency and Bitcoin
The first crypto-currency invented under the pseudonym of Satoshi Nakamoto came in 2009. Bitcoin came in as an Electronic peer-to-peer cash system. It used cryptography to manage creation and allotment which also evolved as Blockchain. 2010 was when the currency earned some value-priced at $0.00001 per bitcoin in a notorious event. Bitcoin protocol followed several hard-forks to upgrade minor flaws in the system.
In 2013, many organizations started accepting BTC. This kept increasing year after year. After which the revolution of bitcoin mining initiated the growth at a faster pace. Bitcoin remained bullish up-until 2017 when Bitcoin marked its ATH of $19,500. Along with 1500+ alternate coins hovering around it. Soon after this, the crash happened and the rest is history.
Evolution of Cryptocurrencies
Every emerging market has its ups & downs, cryptocurrencies are no exception. There were a lot of regulatory bodies that were against its evolution. But, the power of acceptance and popularity shattered all shackles. And emerged as one of the leading financial markets of all time.
The factors that helped Cryptocurrencies evolve:
· Acceptance from Users:
If people were not ready to accept change. The survival of bitcoin would have been questionable. Many renowned entities accepted the change as bitcoin. This eventually created a value for this experimental currency which kept increasing.
· Decentralized Nature:
People knew banks and other financial organizations were not trustworthy. They were aware that the money they saved was filling the pockets of others. But as bitcoins are a decentralized currency. Therefore, people knew no-one will benefit from them. This made BTC more likable for people. As they started to realize the importance of decentralization.
· Vast Popularity:
Any commodity that promises return like such will eventually earn popularity. There were people praising bitcoin everywhere because they were generating huge profits. Therefore, bitcoins popularity rose.
· The depreciating value of fiat currencies:
Most of the countries are printing a large quantity of hard-cash, especially the US. As a result, the monetary 
value will decrease and inflation shall increase. The makers of bitcoin predicted the depreciation of the value of real money. Many people realized this ideology after years and started investing in crypto.
value will decrease and inflation shall increase. The makers of bitcoin predicted the depreciation of the value of real money. Many people realized this ideology after years and started investing in crypto.· Need for a new financial system:
As most of the government regulates cash flow and how fiat currencies operate. Many people are unhappy with the current financial operations. But with the invention of the peer-to-peer cash system. The involvement of a 3rd party became baseless as it also provided the payer with anonymity. Therefore, cryptocurrencies evolved. This resulted in cryptocurrencies evolving as the new financial body. Managed by nodes and automation.