Cryptocurrency market to grow at CAGR of 6.18% 3041

The cryptocurrency market is projected to reach USD 1.40 billion by 2024 from USD 1.03 billion by 2019, at a CAGR of 6.18% during the forecast period. Growth in this market can largely be attributed to factors such as transparency of distributed ledger technology, high remittances in developing countries, high cost of cross-border remittance, fluctuations in monetary regulations, and growth in venture capital investments. However, uncertain regulatory status, lack of awareness and technical understanding regarding cryptocurrency are expected to restrict the growth of the said market to a certain extent.

Market for ASICs in cryptocurrency to register highest growth during forecast period
The cryptocurrency market for ASIC is expected to hold the largest CAGR.ASICs are gradually being preferred by miners.

These ASIC machines mine at an extraordinary speed while consuming much less power than FPGA or GPU mining rigs.Several reputed companies, such as Bitmain, Avalon, and Innosilicon Technologies, offer highly efficient ASIC products.

Also, ASICs are cryptocurrency mining hardware created solely to solve cryptocurrency blocks.They have only minimal requirements for other computer applications. Such various advantages help ASICs grow at the highest rate in the cryptocurrency market.

Market for payment application for cryptocurrency register highest growth during forecast period
The market for payment through cryptocurrency is likely to register the highest growth during the forecast period.The payment through cryptocurrency has several advantages such as enhanced transactional security, protection from fraud, decentralized system, low fees, protection from consumer chargebacks, and quick international transfers.

Moreover, a large number of players are investing in developing payment gateways and platform for the payment process of their currencies, thereby increasing adoption of cryptocurrency for the payment.

APAC to hold largest share during forecast period
APAC is notable for its high adoption of cryptocurrency.This is attributed to the low cost of electricity in China and early adoption of cryptocurrency in Japan.

China is the largest market among all APAC countries. Owing to the low cost of electricity, ideal weather conditions, presence of big mining companies, such Bitmain, Canaan Creative CO., LTD, and Ebang Communication, and availability of venture capital funding, the market in APAC is expected to be the largest for cryptocurrency.

Breakdown of primary participants’ profile:
• By Company Type: Tier 1 = 30%, Tier 2 = 30%, and Tier 3 = 40%
• By Designation: C-Level Executives = 45%, Directors = 30%, and Others = 25%
• By Region: North America = 30%, Europe = 40%, APAC = 25%, and RoW = 5%

Key players in the cryptocurrency market include Bitmain (China), NVIDIA (US), Xilinx (US), Intel (US), Advanced Micro Devices (US), Ripple Labs (US), Ethereum Foundation (Switzerland), Bitfury Group (Netherlands), Coinbase (US), BitGo (US), and Binance Holdings (China).

Research Coverage:
Various market segments have been covered in this report.These include application and geography.

It also gives a detailed view of the market across 4 main regions: North America, Europe, APAC, and RoW.

Reasons to Buy the Report:
• This report includes statistics pertaining to the cryptocurrency market in terms of offering, process, type, application, and region, along with their respective market sizes.
• Major drivers, restraints, opportunities, and challenges for the cryptocurrency market have been provided in detail in this report.
• The report includes illustrative segmentation, analysis, and forecast for the cryptocurrency market based on its segments and subsegments.

Download the full report: https://www.reportbuyer.com/product/5147401

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Microvisionchain announce MVC-20: The first protocol for free-minting assets on the bitcoin sidechain 10552

The future of assets protocol:

Fair launch, simplicity, efficiency, and low transaction fees

As we journey through 2023, the blockchain industry is buzzing with excitement, particularly the BRC-20 token market, led by the innovative Ordinals protocol. Moving forward, in 2024, the surge in market demand has ignited a quest for more efficient blockchain functionality, lower gas fees, and simplified operations. The market is also yearning for a fair competition environment for all participants.

Enter MVC-20, a revolutionary assets protocol that fully harnesses the high concurrency and low latency transaction characteristics of the MVC Layer1 smart contract. It’s designed to build an innovative fair distribution mechanism that addresses the fairness issues plaguing traditional models. MVC-20 is poised to bring about a seismic shift in the Bitcoin ecology token and NFT markets.

Introducing MVC-20: The First Protocol for Free-Minting Assets on the Bitcoin Sidechain

MVC-20 is a trailblazer, being the first free-Mint assets Protocol on the MVC Chain. It adopts a unique “burn to mint” mechanism, ensuring a fair start for everyone – no pre-sales, no whitelists, no team allocation, and no gas fee front-running transactions. The cost of minting MVC-20 tokens is burned, converting the value of the burned ‘Space’ [MVC network’s gas] into the intrinsic value of the MVC-20 token, without flowing into the project party or miners’ wallets.

Introducing the Burn to Mint Mechanism:

MVC-20 stands out from BRC-20 asset protocols with its innovative Burn to Mint concept. This allows the deployer to decide the burn rate of the MVC-20 token at deployment. Subsequently, all users who mint the MVC-20 token must burn a specified amount of SPACE [MVC network’s gas] to carry out the minting. The burn rate can be set between 0 and 10 quantity of SPACE.

Key Features of MVC-20:

  1. Layer 1
  2. Fair distribution [Fair Launch]
  3. High concurrency and low latency transactions
  4. Burn to mint
  5. Customizable: Burn rate 0-10 Space
  6. Permissionless
  7. Multi-functional Launchpad
  8. Compatible with various existing ecosystems and wallets, such as Show3, Orders.Exchange, MVCswap, Metalet and Indexer

MVC-20 Official Launch Day:

Starting from January 22, 2024 [UTC 15:00PM], user can begin to explore the innovative burn to mint mechanism of MVC-20 protocol. Get ready to experience the future of blockchain with MVC-20.

For more details, please visit:
https://mvc20.space/
https://mvc20.gitbook.io/intro

Microvisionchain: Introducing the Ultimate Solution to Bitcoin’s Scalability Challenge!

Microvisionchain presents a novel concept of Unified Scaling Ecosystems for Bitcoin, aiming to resolve Bitcoin’s scalability issue definitively. This plan doesn’t merely offer a same structure to Bitcoin but enhances Bitcoin’s capabilities by:

1. Superior Scaling:
Introducing a scaling solution that outperforms traditional ETH layer2 solutions. Imagine a Bitcoin ecosystem that’s ever-expanding, equipped with a Turing complete smart contract layer, and offering ultra-low fees without congestion.

2. User-Friendly:
Keeping it simple. A single private key can be used across all related second layers/sidechains, making the transition of ecosystem applications seamless and straightforward.

3. Unified Ecosystem:
Unifying countless second layers/sidechains with BTC at the core to collectively tackle BTC’s scalability issues. This will enable global user participation in Bitcoin ecosystem applications.

Implementation Steps:

Step 1: 1 MVC

The MVC node is expected to upgrade in March or April 2024, enabling the BTC ecosystem to transition seamlessly to MVC. MVC has already solved its scalability issue, with a measured TPS of up to 10,000 and transaction fees lower than 0.1 cent. MVC is the first Bitcoin-structure side-chain to implement a layer 1 smart contract on the UTXO structure, enhancing user experience and application capabilities.

Step 2: 100 MVCs

Developers can run a replicated MVC network within half an hour and adjust parameters as needed, provided the core UTXO structure and underlying capabilities remain unchanged for future compatibility with MVC and BTC.

Step 3: Use of Bitcoin

The creation of a global Unified Scaling Ecosystem for Bitcoin will permanently solve BTC’s scalability issue. Having 100 MVCs equates to having 100 large UTXO networks fully conforming to Bitcoin. Subsequent updates will support these 100 MVCs and various third-party Bitcoin-structure second layers/sidechains/ecosystems to form a globally expanding Bitcoin ecosystem expansion network.

Supporting ecosystems:

  • Mapping Satoshi Asset Bridge
  • UTXO chain block time synchronization system
  • Wallets that support multiple chains, and more.

We’re confident that, through MVC’s POB mechanism with builder grant program, we can attract global developers to revolutionize the whole blockchain industry and permanently resolve BTC’s scalability issue together.

Benefits of the MVC Unified Scaling Ecosystem plan:

Microvisionchain is a simple and elegant scalability solution that will permanently solve Bitcoin’s scalability issue and enable Bitcoin assets to possess smart contract capability. It is a superior scaling solution than many ETH second layers, uniting future second layers to collectively address Bitcoin’s scalability in a global network.

Bitcoin Price at 2011 Levels Returns as Bitcoin BSC Launch Provides Chance to Earn Free Bitcoin Clone Tokens 10784

Back in 2011, the Bitcoin price was $1, but today, following the launch of the Bitcoin BSC coin crypto presale on the BNB Smart Chain, buyers can acquire the token at a similarly low price and earn free Bitcoin clone tokens too.

Bitcoin, the world’s leading cryptocurrency, is struggling right now after bulls were trapped as enthusiasm at the prospect of the SEC spot bitcoin ETFs getting speedy approval receded. The price retraced below the $26k level, but it has been a different story for Bitcoin clone derivative coins.

During the past three months, for example, the Bitcoin Cash (BCH) fork from Bitcoin is up 73%, while Bitcoin has fallen -2.3% in the same time period.

Meanwhile, a similar staking-based bitcoin derivative coin to Bitcoin BSC, BTC20, which launched a month ago, is up 52%.

In fact, BTC20 hit an all-time (ATH) intraday high of $6, equating to a 688% 7x gain on its $1 presale and listing price.

Yet another bitcoin clone derivative, this time BTC2.0, rose to an ATH of $1.06 to register a return of 538x, although the price has retraced markedly from its peak.

Earn free Bitcoin clone tokens with stake-to-earn Bitcoin BSC coin

Bitcoin BSC aims to match, or beat, the success of all of these Bitcoin clone coins, and to achieve that end it has a not-so-secret weapon – staking.

While the performance of BTC2.0, not to be confused with BTC20, since its heights has been somewhat underwhelming, there has been more of a steady-as-she-goes approach by the likes of BTC20.

That’s probably largely down to the ballast effect of staking, which bears down on any selling pressure that may emerge at listing.

In this way, Bitcoin BSC seeks to emulate BTC20 by adopting a similar design and strategy, providing the price with a stable platform for takeoff.

Like BTC20, Bitcoin BSC has staking utility built into its design from the outset.

However, it should be noted that there is one important difference between Bitcoin BSC and BTC20 – Bitcoin BSC is a BEP-20 BNB Smart Chain-compliant token, and BTC20 is an ERC-20 Ethereum-compliant token – hence the BSC in the name.

Staking has been popular in the crypto DeFi space, but enthusiasm waned in the aftermath of high-profile implosions of staking ecosystems such as Terra Luna.

However, the attractiveness of transparent staking that has a clearly defined source of yield, unlike the opaque algorithms in use on Terra Luna, has not gone away.

With $BTCBSC, which runs on the BNB Smart Chain, the yield is paid out over a 120-year period, in line with Bitcoin block confirmations. Altogether, 69% of the total token supply is allocated to distribute as rewards.

Staking provides token holders with a way of earning token rewards in proportion to how many coins of the total pool they deposit into a staking smart contract and the time they choose to stake for.

It is this staking feature that will deliver price support while offering both positive capital returns and income yield to network participants.

Bitcoin BSC staking is operative now, even before the coin lists on the decentralized exchange PancakeSwap.

You can keep an eye on how many token holders are staking by visiting the real-time Bitcoin BSC staking dashboard.

You can snap up Bitcoin BSC at the low Bitcoin 2011 price of $0.99

$BTCBSC can be bought today for $ 0.99 – the same price the Bitcoin was at back in its 2011 early days, and a far cry from the $25,7000 it will cost you to purchase Bitcoin at today’s prices.

Bitcoin BSC’s comparatively low price means contributors to the presale could be sitting on substantial upside potential when the Bitcoin halving bull run takes off.

The four-yearly event that sees block rewards halved on the original Bitcoin network has previously ushered in mind-melting bull runs.

This halving is expected to have the effect of lifting all boats – especially the prices of quality Bitcoin clone derivative coins such as $BTCBSC.

Bitcoin BSC has the same total token supply as Bitcoin – 21 million. Of that total supply, 29% is up for grabs through the presale of 6,125,000 tokens, meaning BTCBSC has an initial market cap of $6,063,750.

Two percent of the supply is reserved for DEX liquidity provision to guarantee smooth trading at launch and beyond.

The remaining 14,455,000 BTCBSC tokens (69% of supply) is reserved for staking rewards, which are paid out every 10 minutes as new blocks are added to the chain.

At that token emission rate, the maximum supply will be reached in about 120 years – the same time frame as Bitcoin.

Presale and post-presale investors can buy and stake tokens at any time with a 7-day lock on withdrawals.

Bear in mind that because BTCBSC runs on the BNB Smart Chain, to buy and stake in the presale, you will need to use BNB for your purchase. However, those buying with ETH today can start staking after the presale ends.

Faster, cheaper, more powerful and expandable than other Bitcoin clones

Still, staking is not the only advantage BTCBSC has over Bitcoin and the larger-cap clone coins such as Bitcoin Cash, and Bitcoin SV.

For one thing, $BTCBSC uses a proof-of-stake protocol, which means it runs on a much more scalable blockchain that is also cheaper and more efficient to transact on.

Because BTCBSC is built on the BNB Smart Chain, transaction fees are less than $0.10, compared to around $10 on Bitcoin and approximately $20 on Ethereum, depending on network conditions.

Another advantage BTCBSC has is its fast transaction speeds, which are typically less than 5 seconds compared to 10 minutes for Bitcoin, BCH, and BSV.

BNB Smart Chain is capable of running applications, too, so there’s no limit to future development possibilities for Bitcoin BSC.

Bitcoin BSC has a lot going for it, and with only $3,960,000 being raised in the presale, demand is sure to be robust.

Crypto market prices are generally becalmed, but there are waters where the current is much healthier. In the Bitcoin derivative clone sector, there’s all to play for as far as bagging out 10x gains goes.

Get in early, and the rewards will not just accrue to long-term stakers earning a generous APY, but also to those who want the chance to access life-changing returns.

BiXBiT announced a new Bug-Bounty program as a part of testing their products 5379

The BiXBiT Dev division has launched a monitoring system (AMS) that will help make mining more safe & convenient.  Users are invited to participate in the Bug-Bounty program as testing of a new system and make suggestions for improving the program. Also, the parent company BiXBiT has created immersion cooling for cryptomining, which is recognized as innovative. About unique developments for miners — further.

The monitoring system (AMS) from BiXBiT Dev now can be tested by any user. At the same time, miners are invited to leave feedback about the system, suggest ways to improve it and make objective comments. You can also try to find the system’s vulnerabilities and AMS bugs. The company does not focus on the last two factors, but nevertheless they can be considered.

BiXBiT bounty program

As an innovative project, BiXBiT combined the classic Bug Bounty program and the Giveaway referral program. As a result, the referral system acted as an additional incentive that motivated more users to join the project.

The company offers to become participants of the main prize drawing within the Seasonal Bug Bounty project. Seasonal drawings are very relevant, as every season a new version of the product is offered.

In order to get the maximum number of points, you need to leave a review, submit a video, do additional reviews on social media or invite new participants. The company provides a table that shows how many points you can get for an action. When evaluating a review, attention is paid to its usefulness and informativeness.

Duration date: Bounty program will continue for one month from the start date.

How to participate in a bounty program?

First, you should register on the BiXBiT bounty website. After filling in all the necessary information for the Bounty, you can start testing.

To start testing, you should log in to your AMC on BiXBiT website and download the firmware to his device. The firmware can save you up to 20% of total energy consumption and reduce your fees.After testing the system, you can leave your feedback on the website. As a bonus, the company offers an award to the winner who will leave the most detailed and useful feedback.

Also, when testing the system, all users automatically become members of the referral program. Everyone is given a referral code that can be used to invite new members. Points are awarded for a review left, a video sent, additional reviews and invited users.

Testing of the BiXBiT ecosystem is offered at a reduced fee or without it at all. At the same time, a branded ASIC is available to users. And, of course, the opportunity to win prizes should be considered as a motivation for activity. In the future, the AMS system will be supplemented.

It should be noted that BiXBiT is an experienced developer and implementer of innovative solutions for immersion cooling. The company’s proposals are very important when conducting cryptocurrency mining operations. High hash rates of mining equipment during overclocking and high-quality temperature control are the opportunities that the company creates.

BiXBiT immersion cooling systems

BiXBiT has repeatedly surprised miners with high-quality submersible cooling systems. These were racks, cells, as well as containers for full-fledged mining. Miners also got access to state-of-the-art firmware that optimizes settings and improves hashrate capabilities.

Core Advantages of immersion cooling

The advantage of immersion cooling is the use of a non-conductive liquid for more efficient heat dissipation. The advantage of this design is that there are no fine particulate emissions in the form of dust, which is helpful in better equipment protection. Along with noise reduction, this reduces energy costs by up to 30%.

Unlike other vendors, BiXBiT immersion cooling systems are compatible with ASICs designed for air cooling. This allows you to significantly reduce equipment costs without losing cooling efficiency.

Noise reduction makes it possible to ensure favorable working conditions. While the SRT systems equipped with air cooling are supplemented with muffling covers, as well as other similar devices, usually the noise flow is reduced only at the limit of up to 20 dB. Just a feature of immersion cooling is that the system reduces the noise level to a slightly noticeable indicator.

Will BiXBiT become an innovation in cryptomining?

For five years, BiXBiT has been creating innovations for mining cryptocurrencies.

The company offers miners safe and efficient equipment. At the same time, the details of the original design are well thought out and maximum mining performance is created.

BiXBiT miners are supplemented with submersible cooling systems. This property makes it possible to form a productive use of space and improve the potential value of the hashrate. After all, really effective cooling is carried out. The firmware performance is high, which is also important.

Results. BiXBiT offers unique solutions for miners. BiXBiT’s innovative cooling systems allow you to use space more productively, increasing the value of the hashrate. The supplied equipment is able to activate business processes, regardless of the scale of the business.

Will Bitcoin continue to fall? 7241

Bitcoin

It’s no secret that the cryptocurrency market is quite volatile. Almost any piece of global news can affect the price of digital assets in one way or another. Take billionaire Elon Musk, for example, who was able to influence the price of Dogecoin simply by tweeting. However, this does not always happen because of a particular case and with a particular coin. In 2020, for example, the world went into lockdown for the first time in a long time. Countries’ borders were closed and the logistics of many goods began to be disrupted. People had to stay at home, fearing for their health. The Covid-19 pandemic was to blame. You would think that a virus could have an impact on digital assets. As it turns out, it was able to reach cryptocurrency as well. Because of problems in the economy, cryptocurrency has begun to lose value.

This did not last long, and a year later Bitcoin set a new historical high. The price of the first cryptocurrency was above $63,000. Those enthusiasts, who during the chaos and lockdown did not stop believing that cryptocurrency was the future and continued to invest in digital gold, were able to make good money in just one year. Bitcoin began to be prophesied to reach $100,000 in the near future. There were many explanations from analysts and financial experts that Bitcoin could do this. Today, however, the picture for the crypto industry does not look so rosy.

Since the beginning of 2022, the first cryptocurrency began to lose heavily in price, for various reasons. Today, we can observe that Bitcoin is in prolonged drawdown, just like all other digital assets. Some call it a “crypto-winter”. This has already happened to the crypto market more than once. But why is the fall so noticeable?

Experts attribute the prolonged decline in quotations to the fact that the Federal Reserve System is tightening policy in the US, which raises rates to contain inflation in the country.

As cryptocurrency is a risky asset, investors and traders are trying to get rid of it or keep it to a minimum.

Also, the recent news that one of the world’s largest cryptocurrency exchanges, FTX, has filed for bankruptcy has not had a positive impact on the value of digital assets either. The first cryptocurrency still remains in a kind of sideways position. At the time of writing, it stands at $16,993, according to CoinGecko.

What if Bitcoin keeps falling?

If the cryptocurrency drawdown continues, nothing good can come of it. As analysts say, this will entail quite serious and large changes in the global crypto market. A similar scenario was discussed this summer, in the online edition of CNews. The publication’s experts believe that continued drawdown will mean that many tokens that are not widely known will simply disappear, until there are only the top and in-demand coins that are able to survive in today’s realities.

Of course it is too early to talk about it now, things may change tomorrow if there is any positive news. But we can only wait and see what happens.

And to start trading cryptocurrencies today, you can use the RevenueBot cryptocurrency bot service.

CME Group Announces Launch of Euro-denominated Bitcoin and Ether Futures 7692

CME Group, the world’s leading derivatives marketplace, today launched Bitcoin Euro and Ether Euro futures.

“The launch of these new futures contracts builds on the strong growth and deep liquidity we have seen in our existing U.S. dollar-denominated Bitcoin and Ether futures contracts,” said Tim McCourt, Global Head of Equity and FX Products, CME Group. “Our new Bitcoin Euro and Ether Euro futures will provide institutional clients, both within and outside the U.S., with more precise and regulated tools to trade and hedge exposure to the two largest cryptocurrencies by market cap.”

Bitcoin Euro and Ether Euro futures contracts will be sized at five bitcoin and 50 ether per contract. These new contracts will be cash-settled, based on the CME CF Bitcoin-Euro Reference Rate and CME CF Ether-Euro Reference Rate, which serve as once-a-day reference rates of the euro-denominated price of bitcoin and ether.

These new futures contracts will be listed on and subject to the rules of CME.

For more information on this product, please visit https://www.cmegroup.com/cryptocurrencies#explore-our-cryptocurrency-products.

As the world’s leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing.

DUAL MINERS IS RESHAPING THE FINANCIAL SYSTEM WITH A HIGHER ROI 6342

DualPro

Do not panic, the solution to cryptocurrency mining is here. The crypto market is unfavourable to you? It is not a problem. The art and act of mining is the solution, with 80% ROI on the first month. Dual Miners Ltd has developed three solutions that are pre-configured for ease of use and promise a return on investment in as little as one month due to advancements in ASIC chip technology. The company is based in the United Kingdom and is led by some of the most experienced specialists in the Cryptocurrency mining industry.

What they offer

The company’s current offerings, according to a corporate statement, include DualPro, DualPro Max, and the most recent DualPremium, all of which are designed to support profitable operations on the blockchain of choice. See www.dualminers.com/products

In addition to providing crypto wallet development services, the company sells graphics processing units to consumers. The company has offices on three continents. Dual Miners has a solid reputation in the Blockchain industry as a result of its extensive market experience.

Shipping costs

As a consequence of this, Dual Miners will pay for both shipping and import tariffs, enabling customers to acquire everything they require to get started with no further costs beyond the cost of the device itself.

About Dual Miners

Established in 2015 with the goal of developing and marketing the world’s first leading dual cryptocurrency miners, which can use either SHA-256 or Scrypt technology depending on the miner’s preference. The company asserts that it was the very first dual mining enterprise in the world. “We wanted to revolutionise the industry with the DualPro by providing more power at a more affordable price than was previously thought to be possible” – Michael Scott.

The company maintains offices in a number of other cities around the world, including in the United States. Additional information regarding the company and the goods it sells can be found on the website of the business, which is located at www.dualminers.com.

You can obtain additional details by visiting www.dualminers.com

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