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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Analyst: Bitcoin Price Will Exceed $100,000, Or Even $400,000

Bitcoin price is something that many analysts had tried to predict but failed. Nevertheless, some of them still please a crypto community with predictions of 5- or even 6-digit numbers. Naeem Aslam, the Chief market analyst in Think Markets, feel assured that BTC price will fly up to as much as $400,000.

In the blog post, Aslam expressed his opinion considering the current rate of the first cryptocurrency. From his point of view, investors, especially long-term ones, should not worry about the $4000 mark. During the next bull run, the price will definitely rise up five times. First, it will reach the previous all high-time, which is $20,000 and then head for its low-end target of $100,000. A high-end target of $400,000 will also be possible as the price will surge in 20 times, as it was in 2017 when the price ran from $1000 to $20,000.

Naeem Aslam also stated that such high prices are not a joke:

“This number is not a fool’s paradise. $400,000 is a simple math calculation: approximate percentage projection of the price which we experienced during the last bull run.”

At the beginning of December 2018, he told that Bitcoin had been very close to finding its bottom. Moreover, he thought that panic around the price of the first cryptocurrency only proves it.

Tom Lee made his prediction about the Bitcoin price about a week ago. He said that Bitcoin would enter the bullish market and repair itself in 2019. More information about his prediction is here:

Tom Lee: Bitcoin Bull Market Is Coming in 2019

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Binance To Launch Property Auction, Buyers Can Use BTC and BNB

One of the most famous crypto exchanges in the world – Binance – is launching a live property auction partnering with real estate auctioneer James Pratt Auctions (JPA). From now on, potential buyers can purchase real estate using Bitcoin or Binance Coin. The auction takes place on April 8.

The auction will sell a luxury, beach-front mansion in Casuarina, New South Wales.  Its area accounts for 412 square meters, including 5 bedrooms, 3 bathrooms, a heated 25-meter pool. The house provides a full Google Home automation, solar system, and a key-less entry system.

The auction was confirmed by the CEO of Binance, Changpeng Zhao, using hashtag #useBNB. He thinks that such auction will help to integrate digital assets in society much faster.

The CEO of JPA is very excited about this collaboration saying:

“This process gives the consumer another option to consider when purchasing real estate. For the vendor, it can help attract a whole new kind of buyer … There is a large audience internationally excited by this.”

Such purchase will not be the first in history; however, possible to buy real estate property in Binance Coin is something new. Using this method of payment will definitely cause BNB Coin to rise and adopt it massively in other spheres of life.

According to the CoinMarketCap, Binance Coin places the seventh place in Top 100 cryptocurrency with the market capitalization of more than $2 billion. The price at the time of writing is $15.28. Since the beginning of 2019, the rate of the coin is constantly growing, it has already increased by 2.5 times since January 1.

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A Large IT-Company Begins Accepting Cryptocurrency

An American company Avnet which is on the list of the largest technological organizations version of Fortune 500 announced that they are ready to accept digital coins including Bitcoin as payments. This was made possible because of a BitPlay service.

It should be noted that Avnet has also begun collaborating with Bitcoin.com. The main purpose of which is the development of a brand new cold wallet. It will provide the highest level of transactions safety and the storage of different digital coins.

Nevertheless, we shouldn’t forget the “dark” past of BitPay service. At the beginning of last year, representatives of large cryptocurrency communities called not to use its services.

The fact is that the workers of this service unilaterally without any negotiations with Bitcoin developers refused to support BIP21 and introduced a little known BIP70. Since 2013 it is of ill report because with its help BTC “blacklists” were created.

We want to remind you:

BitPay Transactions Surpasses $1B in 2018, B2B Payments Records 225% Increase

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When Will Finally Growth Happen? Or Fresh Forecasts of Cryptocurrency Analysts

As we all remember, the 2018th year was far from the best in the history of Bitcoin as well as other cryptocurrencies. For the previous year, the first cryptocurrency slipped from $20,000 to $3,200. As of this writing, one BTC coin costs $3,940.

Perceptible revival in the cryptocurrency market has provoked another dose of optimistic statements from analysts. Let’s take a look at what professional traders and cryptocurrency market experts are saying about the immediate prospects for the Bitcoin rate.

Leah Wald

A professional trader, and in the past, World Bank economist Leah Wald, claims that the rate of the main cryptocurrency will fall to a critical level of $1,500, and only after that, new growth can begin, up to $6,500. But the user with the nickname Filb Filb doubts her prediction and claims that BTC has already “found its bottom” and now only the growth up to $6,000 and higher is waiting for us.

Leah Wald is confident in her forecast, so she decided to make a bet with her opponent – in case her prediction turns out to be wrong, she will have to transfer 1 Bitcoin to the user Filb Filb.

Cane IslandCrypto

An analyst from Texas, who is known on Twitter under the nickname Cane IslandCrypto recently published his own vision of the BTC price behavior in the coming years. So, he believes that a long and confident uptrend is waiting for us:

  • until the end of 2019, the BTC course will be $7,800;
  • in 2021 – $28,627;
  • in 2023 – $93,382;
  • in 2026 – $471,532.

He is confident that the bear market is over and only growth is waiting for us in the coming years.

Canaccord Genuity CapitalMarkets

A group of leading analysts of Canadian financial institutions Canaccord Genuity CapitalMarkets has a similar opinion about the rate of the first cryptocurrency. They believe that in two years Bitcoin will return to its peak values and go higher.

To create the own Bitcoin price chart, analysts were guided by historical data for 6 years (from 2011 to 2017). After analyzing the behavior of BTC, they came to the conclusion that at the moment the price of the asset has already “found the bottom”. And in the near future, the BTC course should start its growth.

Conclusion

If we analyze this information, we can conclude that the mood of market participants is beginning to change for the better. So far, the Bitcoin rate shows growing, even though slow: in recent months it has grown from $3,200 to $3,940 and continues to ascend. The nearest psychological mark is at the level of $4,000 – $4,100.

We will closely follow the latest news from the cryptocurrency world. If you always want to stay up to date with the latest events, then follow the updates on our website or subscribe to us on social networks.

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Bitcoin Overcame Psychological $4000 Mark: Rate Chart

The weekend begins well: today on March 16th, 2019, Bitcoin rate broke another psychological mark of 4 thousand dollars.

Half-hour graph from cryptocurrency exchange Bitstamp Source: TradingView

In the graph above we can see that not only Bitcoin has increased, but also trading volume. As expected, almost all the coins followed Bitcoin.

Source: Coinmarketcap

This is exactly how Top-10 cryptocurrencies looks like. Bitcoin Cash showed the maximum growth in the last 24-hours, it managed to grow by 14%, the second place in the growth dynamic takes Litecoin with 6,61%.

What is it – the final verge of a trend or another market manipulation? We will follow developments and provide you with the latest information.

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FUBT: Empowering Digital Assets and Boosting the Token Economy

In the recent couple of years, Asia has become the region that is ahead of everybody when it comes to technologies. Anything that is new, unique and has potential is quickly being implemented in the East, while the rest of the world is just thinking it over. Certainly, blockchain and digital assets are no exception to the rule. Dozens if not hundreds of businesses, companies and projects in China, Japan, South Korea etc. are creating new concepts, ideas and solutions using cutting edge technologies, like blockchain and distributed ledger technology, in many different spheres, especially fintech.

What is FUBT?

FUBT Exchange is a Hong Kong-based project, the main focus of which is maintaining a blockchain platform for trading digital assets. The exchange evolved from the FUBT Station. In July of 2017, first transaction were conducted through the upgraded platform. Afterwards the developers launched their own token – BXB, which skyrocketed by almost 25 times on the market. FUBT kept growing and expanding. At the beginning of 2018, it opened up departments in other regions of Asia, namely Seoul, Cambodia, Tokyo, Taiwan, Phnom Penh and even one in New York. Now FUBT is considered one of the leading blockchain platforms for trading digital assets in Asia.

Strong sides and interesting facts about FUBT:

  • In June of 2018, the platform already had around 650 thousand active users which serves as perfect evidence of the project’s trustworthiness;
  • FUBT’s daily capital turnover equals to around 400 million dollars;
  • The platform is expanding globally and provides multi-language support for better understanding of users from different parts of the world;
  • The transactions within FUBT are conducted in a fast and simple manner, moreover, they are protected against security breaches;
  • The exchange provides a variety of digital assets, overall about 100 kinds;
  • Four crypto trading areas (BTC, ETH, FBT) are available on the platform;
  • FUBT has a mobile app both for iOS and Android;
  • The team of the project consists of real professionals from the fields of banking, fintech, blockchain, investment etc.
  • Core values of FUBT are “Integrity, Innovation, Inclusiveness, and Win-Win”;
  • The project has ambitious goals of expanding further and establishing itself firmly on the market;
  • FUBT team is constantly looking for new clients, partnerships, opinion leaders and pays a lot of attention to user feedback in order to improve and prosper.

More details on this promising and innovative platform can be found here.

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