Crypto
Cryptocurrency Market Set to Reach USD 4.94 Billion by 2030, Driven by a 12.8% CAGR
![Cryptocurrency Market Set to Reach USD 4.94 Billion by 2030, Driven by a 12.8% CAGR](https://cdn.open-pr.com/L/6/L605162012_g.jpg)
Cryptocurrency Market
According to the report published by Allied Market Research, titled, “Cryptocurrency Market By Offering (Hardware [ASIC, GPU, FPGA, and Others] and Software), Process (Mining and Transaction), Type (Bitcoin [BTC], Ethereum [ETH], Tether [USDT], Binance Coin [BNB], Cardano [ADA], Ripple [XRP], and Others), and End User (Trading, Retail & E-commerce, Banking, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030”. As per the report, the global cryptocurrency market generated $1.49 billion in 2020 and is estimated to reach $4.94 billion by 2030, growing at a CAGR of 12.8% from 2021 to 2030.
Major Determinants of Market Growth
An increase in demand for transparency in the payment system and a surge in the flow of remittances from foreign countries have boosted the growth of the global cryptocurrency market. However, a dearth of awareness regarding virtual currency hinders market growth. On the contrary, potential in the developing countries would open new opportunities in the future.
𝑹𝒆𝒒𝒖𝒆𝒔𝒕 𝑺𝒂𝒎𝒑𝒍𝒆 𝑪𝒐𝒑𝒚 𝒐𝒇 𝑹𝒆𝒑𝒐𝒓𝒕-https://www.alliedmarketresearch.com/request-sample/2075
COVID-19 Outbreak:
The COVID-19 outbreak resulted in distorted business operations for receiving upgraded equipment & new hardware, which hampered the mining operations. This factor negatively affected the cryptocurrency market.
However, as the world is recovering from the pandemic, the market is expected to get back on track soon.
The Software Segment to Showcase the Highest CAGR Through 2030
Based on the offering, the software segment is expected to register the highest CAGR of 14.2% during the forecast period, as it enables to management of the massive volume of data being generated for meaningful insights and better-informed decisions. However, the hardware segment held the largest share in 2020, accounting for more than three-fourths of the global cryptocurrency market share in 2020. This is due to an increase in the need to enhance the efficiency of financial payment tools.
𝑰𝒇 𝒚𝒐𝒖 𝒉𝒂𝒗𝒆 𝒂𝒏𝒚 𝒔𝒑𝒆𝒄𝒊𝒂𝒍 𝒓𝒆𝒒𝒖𝒊𝒓𝒆𝒎𝒆𝒏𝒕𝒔, 𝒂𝒔𝒌 𝒇𝒐𝒓 𝒄𝒖𝒔𝒕𝒐𝒎𝒊𝒛𝒂𝒕𝒊𝒐𝒏𝒔:https://www.alliedmarketresearch.com/request-for-customization/2075?reqfor=covid
The Transaction Segment to Register the Highest CAGR By 2030
Based on the process, the transaction segment is projected to manifest the highest CAGR of 14.6% during the forecast period, as cryptocurrency transaction allows users more autonomy over their own money than fiat currencies, and users can control their money without dealing with intermediary authority. However, the mining segment dominated in terms of revenue in 2020, accounting for nearly two-thirds of the global cryptocurrency market share in 2020, due to the fact that the process involves validating data blocks and adding transaction records to a public ledger known as blockchain.
Asia-Pacific, Followed By Europe and North America, Held the Largest Share
Based on region, Asia-Pacific, followed by Europe and North America, held the highest share in 2020, contributing to nearly half of the global cryptocurrency market. In addition, the segment would register the fastest CAGR of 14.5% from 2021 to 2030, due to the rise in a number of Bitcoin exchanges across Asia.
𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐘𝐨𝐮𝐫 𝐄𝐯𝐞𝐫𝐲 𝐃𝐨𝐮𝐛𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/purchase-enquiry/2075
Key Players in the Industry
BitFury Group Limited
BTL Group Ltd.
Intel Corporation
Ledger SAS
NVIDIA Corporation
Coincheck Inc.
Ripple
Advanced Micro Devices Inc.
Xilinx Inc.
Xapo Holdings Limited
𝘽𝙪𝙮 𝙉𝙤𝙬@ https://www.alliedmarketresearch.com/checkout-final/6e9445ede09347eb4e8ec4a7ef5585b4
𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝗕𝗙𝗦𝗜 𝐃𝐨𝐦𝐚𝐢𝐧 –
Banking Wearable Market https://www.alliedmarketresearch.com/banking-wearable-market-A06966
Marine Cargo Insurance Market https://www.alliedmarketresearch.com/marine-cargo-insurance-market-A14731
API Banking Market https://www.alliedmarketresearch.com/api-banking-market
Banking Software Market https://www.alliedmarketresearch.com/banking-software-market-A109292
Crowdsourcing Market https://www.alliedmarketresearch.com/crowdsourcing-market-A07578
B2C Payments Market https://www.alliedmarketresearch.com/b2c-payment-market-A08297
David Correa
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
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Crypto
Ethereum ETFs imminent after amended S-1s (Cryptocurrency:ETH-USD)
![Ethereum ETFs imminent after amended S-1s (Cryptocurrency:ETH-USD)](https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1336282988/image_1336282988.jpg?io=getty-c-w750)
Liliya Filakhtova
Seven financial firms eyeing exchange-traded funds linked to Ethereum (ETH-USD) amended their S-1 filing on Friday, raising expectations of an imminent launch of the first set of ETFs tied to the second-largest cryptocurrency.
According to the industry publication CryptoSlate, Franklin Templeton, VanEck, Invesco Galaxy, BlackRock (BLK), 21Shares, Grayscale, and Fidelity filed updated S-1 documents for their respective funds, while Bitwise did not amend its registration statement.
Among the eight prospective issuers, Franklin Templeton and VanEck announced their ETF fees at 0.19% and 0.20%, respectively.
The filings mark a key step in launching the products after the SEC cleared Ethereum (ETH-USD) ETFs in May in response to applications from firms including Nasdaq (NDAQ), Intercontinental Exchange’s (ICE) NYSE, and Cboe Global Markets (CBOE).
With the amended filings complete, crypto investors will eagerly wait for a potential final approval from the SEC to clear the launch, which, according to Bloomberg ETF analyst Eric Balchunas, could be as early as July 2. “Anyway, that’s basically a wrap. Ball in SEC’s court now,” he wrote on X.
Crypto
Attorney General warns of cryptocurrency scams at event in The Villages
![Attorney General warns of cryptocurrency scams at event in The Villages](https://www.villages-news.com/wp-content/uploads/2024/06/Ashley-Moody-event-in-The-Villages.jpg)
This week, we hosted a Cryptocurrency Scams Symposium in The Villages and recognized the top Seniors vs. Crime volunteers.
Florida is proud to be home to more than 5.5 million seniors. Unfortunately, there are bad actors who try to prey on older Floridians. Our Cyber Fraud Enforcement Unit presented to seniors at the symposium about how to avoid falling victim to cryptocurrency scams.
Protecting Florida’s seniors is one of our top priorities, and we are also grateful for all our Senior Sleuth volunteers’ efforts on behalf of older Floridians.
Last year, Senior Sleuths assisted more than 9,100 Florida seniors, put in more than 11,200 hours of free services and recovered more than $2.6 million. Since 2019, Seniors vs. Crime is responsible for recovering more than $10.5 million.
At the end of the symposium, we named five Super Senior Sleuths, one from each region of Florida for their outstanding work for their fellow seniors.
We also recognized our Senior Sleuth Advocate of the Year, John McLaughlin. Logging more than 10 years as a Seniors vs. Crime volunteer, John uses his background as a law enforcement officer to assist seniors and solve high-value cases.
By assisting those who have been taken advantage of and teaching seniors how to protect themselves from scams and exploitation, we are continuing to build a Stronger, Safer Florida.
Ashley Moody is attorney general of Florida.
Crypto
Electrocoin launches new cryptocurrency exchange platform, Electrocoin Trade
![Electrocoin launches new cryptocurrency exchange platform, Electrocoin Trade](https://crypto.news/app/uploads/2022/09/Cryptocurrencies_in_a_Strong_Uptrend_to_Buy_on_the_Next_Dip_Best_Practices_to_Follow.jpg)
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Croatia’s top crypto exchange, Electrocoin, launches Electrocoin Trade, a crypto exchange platform for EU clients.
One of the biggest cryptocurrency exchange services in Croatia, Electrocoin, has recently launched their new cryptocurrency exchange platform called Electrocoin Trade, providing services for natural and legal clients in the EU.
The platform includes two core services – cryptocurrency exchange and trading service without prior registration to the platform, and cryptocurrency exchange and trading service for registered users. This way, and following the recent regulatory development in the area of crypto regulation, Electrocoin introduced the new custodial model to their service, allowing them to act as a custodian for the assets clients chose to hold on their Electrocoin Trade accounts. By registering with Electrocoin Trade, users get to entrust their cryptocurrencies for safekeeping to a highly regulated platform, as they also get access to additional trading and user experience benefits such as lower trading fees and cryptocurrency portfolio monitoring.
Regardless of the new service, Electrocoin decided to keep the old service as well – any adult citizen in the EU can buy, sell, or trade cryptocurrencies up to 1000 euros without verification or prior registration on the platform. This way, Electrocoin wanted to ensure their existing and future users had an option where they could still access crypto even if they would rather not register with the new platform. This service is possible due to regulatory approval for KYC-less money exchange under certain thresholds.
The platform supports cross-chain transfers and coin-to-coin swaps through a variety of protocols, including ERC-20, Polygon, BEP-20, and many more. Furthermore, with the release of the new platform, Electrocoin has also introduced one new service – paying bills with cryptocurrencies. Users of the platform can use their cryptocurrencies to settle any invoice that can be paid by bank transfer within the EU/SEPA zone. That being said, utility bills such as electricity, water, or internet, or even personal expenses such as vehicles or even real estate, can be paid with cryptocurrencies – as long as the payment recipient has a bank account number.
Electrocoin was founded back in 2014 and has since become an industry leader, introducing PayCek, a crypto payment processor, in 2018. and now the new cryptocurrency exchange platform. The company is committed to communication with the regulator and today, they count over 250,000 successful transactions, along with 24/7 available customer support with an average chat response time of one minute. Electrocoin Trade positions itself as a competitor to other top-tier European cryptocurrency exchanges, with the feature enabling the cryptocurrency exchange without prior identification specifically standing out.
To get started, visit the Electrocoin Trade website.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
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