Top 10 Bitcoin Hotspots Around the World

forbes compiled a rating of top bitcoin cities

Cryptocurrency is quickly taking over the planet. More and more states start acknowledging this innovative digital invention, while some of them even consider introducing it as a legal means of payment. Thus, it is no doubt that a lot of new cryptocurrency companies are emerging almost every day.

According to the research conducted by Forbes, 10 cities from all over the world stood out by the number of cryptocurrency-related enterprises located in them. Some of them seem quite understandable, since they are known as world mega-cities and most important business centers. Other cities which made it to the list might, on the contrary, surprise you.

  1. Prague, Czech Republic (147)
  2. Buenos Aires, Argentina (141)
  3. San Francisco, USA (117)
  4. Madrid, Spain (101)
  5. New York, USA (101)
  6. Amsterdam, the Netherlands (88)
  7. Bogota, Colombia (87)
  8. Vancouver, Canada (86)
  9. London, Great Britain (85)
  10. Paris, France (82).

The research was carried out taking into account only the businesses located in the actual cities with no outskirts or nearby settlements. This was done to make the top-10 as fair as possible. The number in the parentheses stands for the number of crypto businesses in the city.

The leader of the rating was quite unexpected. Prague managed to outrun such giants as New York and San Francisco. The city turned out to be very open for such novelties as cryptocurrency. You can even use digital coins to pay for underground there.

The second place was occupied by Buenos Aires not by mistake. South America is known for its tolerant attitude towards digital currencies and blockchain. For example, Chile has implemented blockchain into its power systems.

The Forbes’s rating proved that cryptocurrency is truly limitless and borderless. We hope that in the future more and more cities will join the list.

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No Panic: Crypto Community Reaction on Bitcoin Collapse

The beginning of 2018 pleased the crypto community much more, than current week. This year, Bitcoin set a positive record on January, 7th. According to CoinMarketCap, when the rate of the first cryptocurrency flew up to the mark of $17 527 for one coin. The Anti-record was settled this week, November, 20, with the rate of $4 279. As a result, within 11 month, Bitcoin fell by 75%.

Today, November, 21, at the moment of 11:30 UTC, Bitcoin rose slightly – up to $4 665 for one coin. Despite the drop in prices, BTC is still confidently covers more than half of the crypto market in terms of capitalization,
and $ 81,114, 287, 644 in total.  

Not only the Bitcoin rate has been a victim of collapse. Even Ethereum  has seeded his 2nd position by Ripple capitalization. The crypto industry has become more and more discussed in a last few days.  But incredibly, the panic within the community is mild, and some individuals are treating the situation inside the market  with some kind of irony. You may learn about it from different crypto enthusiasts Twitter profiles.

CoinShare security manager Meltem Demirors, noticed the possibility of a broad cultural shift for the industry in front of depreciation:

Binance CEO Changpeng Zhao, commented the collapse of BTC in his Twitter:

Also added:

The entrepreneur Andreas Antonopoulos, who is regarded in the crypto community as a preacher of cryptophilisophy, in his Twitter gave recommendations about the current market situation:

The trader and publisher of the weekly Factor Service Peter Brandt, shared his observation about cryptocurrency liquidity:

American trader Jacob Canfield, in his Twitter gave a comic forecast for the Bitcoin price:

In general, the crypto-community is divided into two camps : the first one blames Bitcoin Cash hardfork, and the second one is convinced that such low drop is a common economic phenomenon and we just have to wait. For example, Fundstrat Global Advisors analyst Tommy Lee, believes that Bitcoin will grow up to $15 000 by the end of 2018.

We want to remind you, that previously Tom predicted the rate’s growth  by $25 000, but in July, he suddenly changed his mind and decreased the rate till $20 000.

Tom Lee: Bitcoin Might or Might Not Reach $25K by the End of 2018

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What Cryptocurrency Exchanges Own the Wealthiest BTC Addresses?

It is quite obvious that a single person can not own the richest crypto wallet, it obviously has to a company, in our case, a crypto exchange.

5 major digital asset exchanges currently possess around 3.5% of the total amount of BTC. At the rate of approximately $5300 per BTC in monetary terms, it is almost 600 thousand BTC (more than 3 billion dollars).

Let’s find out who made it to the top-5.

1. Binance, which is also #1 in the CoinMarketCap rating in terms of trading volumes. It owns over 141 thousand BTC (almost 750 million dollars).

2. Bitfinex. #3 on the CoinMarketCap and holds almost 139 thousand BTC (around 737 million dollars).

3. Huobi. This exchange ranks 4th on the rating according to its trading volume and owns a bit more than 108 thousand BTC (almost 575 million dollars).

4. Bittrex. Being only the 32nd on the CoinMarketCap, Bittrex managed to become the 4th richest BTC holder with its approximately 107 thousand BTC (around 570 million dollars).

5. Bitstamp. Last, but not least is Bitstamp, #15 on the rating. Almost 98 thousand BTC (close to 520 million dollars) belongs to this exchange.

Here are the richest crypto exchanges holding Bitcoin. As for the famous crypto personalities who can boast of their BTC wallets, we can’t help mentioning Roger Ver and the Winklevoss twins. These two own $11 million worth of Bitcoin.

We remind you:

Founders of Alibaba, Bitmain, Binance, Huobi, OkCoin Got On the List of 2018 China’s Richest Businessmen

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UK Is Highly Likely To Ban Cryptocurrency Derivatives Due To Market Volatility

The United Kingdom adopted an attitude of severity towards cryptocurrency long ago. As the situation is quite pitiful on the market right now, the Financial Conduct Authority (FCA) in the UK decided to grapple with cryptocurrency derivatives that seem to be pretty unpopular among UK authorities.

The representative of the FCA, Christopher Woolard, claimed that they were discussing a possibility to ban crypto contracts-for-difference (CFDs), including options, futures, and transferable securities.

Woolard said:

“We’re concerned that retail consumers are being sold complex, volatile and often leveraged derivatives products based on exchange tokens with underlying market integrity issues.”

The current market volatility may alienate people from crypto investments, and may force authorities to ban or put big limitations on using cryptocurrency. Nevertheless, we want to remind you

Investors Lost $135 Million Due To OKEx’s Decision To Close BCH Futures Too Early

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John McAfee Wants the Crypto Community to Calm Down

John McAfee, who undoubtedly has lots of experience on the crypto market seems slightly annoyed with the panic that arose over the price collapse of cryptocurrencies.

McAfee believes that the phenomenon of bear market is quite a common state which happens from time to time, but eventually goes away and gives way to bullish trends. He also stated a couple of reasons which, in his opinion, might have caused such a downtrend, including inadequate crypto regulation and traders’ uncertainty.

The crypto enthusiast also mentioned the fact that the crisis might end, as the forces ruling it leave. Can it be connected with the recent Jihan Wu vs. Craig Wright scandal?

Crypto Wars: Jihan Wu vs Craig Wright, Who Gets McAfee’s Support?

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Bitcoin Cash CV Goes Wild and Reorganizes Its Own Blocks

The recent hard fork of Bitcoin Cash has caused a lot of noise in the crypto community. Some people even blame the collapse of the crypto market on this event. Moreover, as most experts predicted, the fork didn’t proceed smoothly and keeps causing confusion.

One of the newly emerged coins, Bitcoin Cash CV, developed by CoinGeek and supported by Craig Wright, conducted a reorganization of its blocks without any assistance from outside. According to multiple specialists, this is a major violation of the way blockchain functions.

Due to such a frivolity, Bitcoin Cash CV might soon be delisted from major crypto exchanges.

We remind you:

Bitcoin Cash ABC Was Attacked by an Enormous Amount of Spam

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Cryptocurrency Prices Today, November 21: Cryptocurrency Is in the Green Zone for the First Time after the Collapse

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the Coin360 online platform, Bitcoin (BTC) gained 3.20% over the past 24 hours. The price at the time of writing is $4661 per coin, but remains quite volatile and changes constantly.

Cryptocurrencies in the rating are also showing growth:

Bitcoin Cash added 16.6% over the past 24 hours and costs $259 per coin;

Ripple plus 1.02% and is $0.45 in price;

EOS grew by 2.02%, and its price is $137;

Litecoin became more expensive by 3.27%, and its value is $34;

Cardano added 5.95%, and its cost is $0.048;

Stellar gained 4.73% and costs $0.20;

IOTA plus 7.47%, and its price is $0.32;

Dash added 8.30%, and its rate is $113;

Monero increased by 3.80% and costs $70.

Ethereum added 2.02% over the past day. The cost of the coin is $137.

The total market capitalization is $152 billion. Bitcoin accounts for 53.3% of the total volume. In monetary terms, it is $81 billion.

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