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Top news and views about #Bitcoin and #Cryptocurrency for 21 Apr 2017 #CrowdifyNews #Blockchain #Crypto

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Welcome to the Crowdify digest of interesting and important news and views about Bitcoin and Cryptocurrency.

 

How Big is Bitcoin?

How Big is Bitcoin?

 

Twenty-six wallet providers participated in the survey, including Airbitz, Armory, Bitgo, Blockchain, Coinbase, Greenaddress, Ledger, Jaxx, Mycelium, Samourai, and Xapo. The study defines a wallet provider as “any volunteer project or company that provides a standalone wallet that anyone can use.”

First, the total number of wallets is estimated using data collected from study participants, in addition to “the number of software downloads of major wallet providers and Bitcoin’s reference implementation.” The estimate represents all cryptocurrency wallets, not just Bitcoin.

While citing “a potentially infinite number of wallets could be created from a single software download,” the study uses a conservative assumption that one software download equals one wallet created. Some numbers are unavailable and therefore omitted such as the number of downloads for some open-source wallets, resulting in a “lower bound” estimate. Overall, the report’s authors wrote:

It is estimated that the total number of wallets has increased more than 4x from 8.2 million in 2013 to nearly 35 million in 2016.

Full story at http://bit.ly/2pDJUgG

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Active Bitcoin Wallets Number Has Grown Four-Fold Over Five Years: Study

Active Bitcoin Wallets Number Has Grown Four-Fold Over Five Years: Study

 

Based on estimates that the number of Bitcoin wallets has increased by four times from 8.2 mln in 2013 to nearly 35 mln in 2016, data from a new Visa-backed academic research suggests that the number of active wallets ranges from 7.5 percent to 30.9 percent of the total number.

The Global Cryptocurrency Benchmarking Study by the Cambridge Centre for Alternative Finance at the University of Cambridge puts the estimated number of unique active users of cryptocurrency wallets to have increased from between 0.6 mln and 2.6 mln in 2013 to currently between 5.8 mln and 11.5 mln in 2017.

As an inaugural research focused on alternative payment systems and digital assets, the study led by Dr. Garrick Hileman is the first of its kind to holistically examine the growing global cryptocurrency industry and its key constituents which include exchanges, wallets, payments and mining.

“81% of wallet providers are based in North America and Europe, but only 61% of wallet users are based in these two regions,” the study which collected non-public data from nearly 150 companies and individuals states. “Almost half of all wallet providers are located in the United States and the United Kingdom. If we break down origin by world region, Europe is leading with 42% of wallet providers, followed by North America with 39% and Asia Pacific with 19%.”

Full story at http://bit.ly/2ovwHJ2

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As Bitcoin Fees Rise, OpenBazaar Looks at Altcoin Payments

As Bitcoin Fees Rise, OpenBazaar Looks at Altcoin Payments

 

OpenBazaar, an open-source market that allows buyers and sellers of goods to directly create shops and sell goods without fees, restrictions or accounts, is looking to layer multiple cryptocurrencies into its wallet in the interest of offering lower transaction fees. The online market already allows users to pay for purchases in multiple cryptocurrencies via an integration with the ShapeShift.io exchange.

With rising bitcoin fees, Mike Wolf, design lead at OpenBazaar, has proposed supporting multiple cryptocurrencies, noting there are details to be worked out.

Full story at http://bit.ly/2ovCnTw

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Bitcoin Drives Revolution and ‘Startup Government’ for Syrian Kurds

Bitcoin Drives Revolution and ‘Startup Government’ for Syrian Kurds

 

“Rojava’s [Syrian Kurdistan] under embargo, so there’s no way to move money in or out. So we have to actually create our own Bitcoin economies. Now we have a technological tool for people to freely organise outside state system. Because it is a currency not controlled by central banks.” — Amir Taaki

A recent interview (March 29, 2017) with the BBC revealed that the British-Iranian Taaki had journeyed to Syria to fight against ISIS. Or, rather, he fought for the Kurdish People’s Protection Units in Rojava in Northern Syria for a few months. Then, Taaki turned his hand to the blockchain. The BBC offered a tantalizing hint at how it is being used to create a society that is independent despite being surrounded by hostile states. (It is not clear how far along the societal e-plans are.)

Upon returning to England in 2016, Taaki was detained by the police and, for the past 12 months, he has been free but on bail. And quiet.

Full story at http://bit.ly/2nDv11v

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Bitcoin in Gambling Business, What You Need to Know

Bitcoin in Gambling Business, What You Need to Know

 

Bitcoin is everywhere! Bitcoin continues to take the world by storm. The mainstream media simply does not understand.

Now, Bitcoin is threatening to take over the online gambling business. It is not a surprise, more industries are accepting Bitcoins every week or so. Here is what you need to know about Bitcoin in the gambling business.

When you want to play Blackjack, Poker or Bingo, you put your money down on the table. With online gambling, you deposit your digital funds with the casino. Bitcoin gambling does the very same thing.

Bitcoin is a cryptocurrency. What is that? It is a long word, but all it means is that Bitcoin is a digital currency. Bitcoin is money.

Full story at http://bit.ly/2ovES8o

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Bitcoin Price Breaks $1,215 Due to Rapid Mainstream Adoption in Japan

Bitcoin Price Breaks $1,215 Due to Rapid Mainstream Adoption in Japan

 

Over the past two days, Bitcoin price stabilized at $1,215 primarily due to the increasing adoption of Bitcoin in Japan.

On April 1, the Bitcoin legalization billdraftedby the Japanese government’s Financial System Council was taken into full effect, officially recognizing Bitcoin as a legal payment method. As a result,businesses began to integrate Bitcoin paymentsand offer the digital currency as an option to consumers.

Most notably, one of Japan’s largest electronics retailer chain Bic Camera announced its partnership with leading Bitcoin exchange bitFlyer to allow their customers nationwide to purchase electronics in Bitcoin.

Bic Camera’s acceptance of Bitcoin and generally positive media coverage on the digital currency spurred the demand for Bitcoin amongst traders and investors. This rising demand for Bitcoin pushed the Japanese exchange volume further, establishing Japan as the most dominant Bitcoin exchange market as of current.

Full story at http://bit.ly/2ovqw82

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Prepared by @SydesJokes