Report: Bitcoin Bull Run and Rising Awareness of Digital Currencies Led to a ...
A report from China says as many as 872 lawsuits relating to cryptocurrencies were filed in the past year, a figure which is approximately 20% more than that of 2019. Using data obtained from the China Judgment Document Network (CJDN), the report shows that the province of Guangdong had the highest number with 106. Completing the top three provinces with the highest number of lawsuits is Zhejiang with 103 and Sichuan with 54. The Case of a Bitcoin Bull Market and Rising Lawsuits In terms of the nature of the lawsuits, the CJDN data shows that 409 cases were criminal, while the civil cases....
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Crypto awareness in the U.K. has risen, but understanding has fallen, the FCA said following a new survey. A new study by the United Kingdom’s Financial Conduct Authority has indicated a significant increase in cryptocurrency ownership in the country.On Thursday, the FCA published the results of a consumer survey which found that 2.3 million adults in the U.K. now hold crypto assets, up from 1.9 million last year. Alongside the increasing number of crypto investors, the study also identified a surge in ownership volumes, with median holdings rising to 300 British pounds ($420) from 260....
A new report by Bitstamp and Bytetree says bitcoin responds better to the rising money supply, rising real interest rates and a strong economy. This is in contrast to gold which appears to perform better when real interest rates are falling while inflation is rising. To support these findings, the report points to the collapse of the gold price in Q2 of 2013, after the US Federal Reserve signalled it would raise rates in the future. During that period bitcoin value surged. In fact, the report asserts “that 2013 was bitcoin’s best-ever year (5400%) and gold’s worst year....
The U.S. Secret Service has launched a cryptocurrency awareness hub. The new platform “will feature the latest in the agency’s work combating illicit use of digital assets as well as provide public awareness information on digital asset security and how to ensure it remains secure.” Secret Service’s Crypto Awareness Hub The....
Digital currencies now feature in the long-term strategies of US businesses, according to a new study of electronic payment trends. The Ponemon Institute report, commissioned by tech giant hp, found that 79% of respondents planned to support digital currencies like bitcoin in the future. Additionally, 80% of the 634 US residents surveyed said they expect digital currencies to overtake paper currencies in the future. The report's authors point out that the participants, primarily working in IT operations, security and technology deployment, are "all familiar with and involved" in their....
A new Bank of America (BOA) research study has found that both central bank digital currencies (CBDCs) and private digital currencies hold “a lot of potential” for increasing financial inclusion in developing countries. In the report, the bank also argues that such “digital currencies could reduce transaction costs and allow more economic activities in emerging market economies.” Digital Currencies and Financial Inclusion Still, the study findings show that while digital currencies are likely to “boost economic growth” in developing countries, their....