Cryptocurrency market to grow at CAGR of 6.18% 2911

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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BiXBiT announced a new Bug-Bounty program as a part of testing their products 5254

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? 6561

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 7048

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 6235

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

PR MANAGER
[email protected] (+358) 41 4001034

Popular BTM Operator: Bitcoin of America Welcomes Shiba Inu Coin to Its Bitcoin ATMs 8293

Bitcoin of America has officially announced the newest addition to their Bitcoin ATMs (BTMs). Shiba Inu coin is now available at Bitcoin of America ATM locations. Bitcoin of America has more than 1800 BTMs across 31 states. They recognized the growing popularity of Shiba Inu and decided it was time to include it in their BTMs. Bitcoin of America also offers Bitcoin, Litecoin, and Ethereum options. This news comes after their recent addition of Dogecoin in March of this year.

Bitcoin of America is a popular virtual currency exchange registered as a money services business with the United States Department of Treasury (FinCEN)(RegNum). They are known for their top-of-the-line customer support while also providing a fast and hassle-free transaction.

Bitcoin of America makes it easy for everyday businesses to get their hands on a Bitcoin ATM and for customers to buy Bitcoin. They take care of their host locations by providing passive income, increased foot traffic, and marketing. They even handle customer support and any maintenance/installation services.

The popular operator has made many updates to its BTMs and services over the past year. They launched their universal kiosks, which operate as a traditional ATM combined with BTM functions. Bitcoin of America has created a point-of-sale system for their tablet program, which has allowed businesses to accept cryptocurrency as a new form of payment. Bitcoin of America is constantly expanding and improving its services.

Data Mynt Payment Processing Platform Now Supports Bitcoin Payments 8183

Data Mynt, a leading provider of simple, stable cryptocurrency payment products, now enables payments over the Bitcoin network, which already supports roughly 225,000 transactions per day and $30 billion USD dollar equivalent volume per day worldwide (as of publishing).

Data Mynt merchants and partners join the 15,000 retailers that accept Bitcoin today, making it the world’s most widely used digital asset for payments. Retailers include Twitter, Whole Foods and Overstock.com.

Now the Data Mynt payment processing platform enables payments from any wallet and asset across the $2 trillion combined market cap (as of publishing) available to make a payment over the Bitcoin, Ethereum Mainnet and Polygon networks.

The Data Mynt payment processing solution enables merchants and enterprises to expand their payment options for their customers and partners. At the same time, it reduces payment processing costs and eliminates frictions such as chargebacks and crypto price volatility.

“As a payment processor, it only makes sense for us to enable our merchants and partners to accept what the world already accepts—the biggest cryptocurrency,” noted Data Mynt CEO Alex Christian. “Almost one-quarter of the US population owns Bitcoin. Many other countries such as Brazil, Indonesia, UAE, Singapore, Israel, India, Mexico, and South Africa have even higher adoption rates. Data Mynt merchants can feel good knowing they offer these Bitcoin owners another payment option.”

The dedicated Data Mynt global sales team began rolling out its payment platform in Q1 of 2022.

About Data Mynt

Data Mynt is a leading crypto payment processor. Its wallet, asset and blockchain-agnostic suite of solutions offer partners and merchants an omnichannel approach to accepting on-chain crypto payments free from volatility and the risks and costs of traditional payment methods. The Data Mynt payment platform is also designed to streamline implementation delivering a seamless customer experience. DataMynt.com