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Bitcoin Network Difficulty Expected to See Largest Increase of the Year Amid High Hashrate, Shorter Block Times

Bitcoin Network Difficulty Expected to See Largest Increase of the Year Amid High Hashrate, Shorter Block TimesAfter a small decrease of 0.49% on Feb. 12, 2023, Bitcoin’s network difficulty is expected to experience a significant increase in three days on Feb. 24. Estimates indicate the difficulty could see the largest rise of the year, surpassing the 10.26% increase that occurred on Jan. 15 at block height 772,128. Next Bitcoin Difficulty Change […]

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Sony and Astar Network Launch Web3 Incubation Program for NFT and DAO-Focused Projects

Sony and Astar Network Launch Web3 Incubation Program for NFT and DAO-Focused ProjectsOn Feb. 17, 2023, Tokyo-based Sony Network Communications announced that it is co-hosting a Web3 incubation program with the multichain smart contract platform Astar Network. The program has started accepting applications, and Sony and Astar will jointly mentor Web3 projects “focused on the utility” of non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs). Sony and […]

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London Crowned World’s Leading Cryptocurrency Hub, According to Study

London Crowned World’s Leading Cryptocurrency Hub, According to StudyAccording to research from Recap, a cryptocurrency tax software company, London has become the world’s leading hub for cryptocurrencies. The researchers analyzed eight indicators, including the number of cryptocurrency businesses and the quantity of cryptocurrency ATMs in each country. Key Findings of Recap’s Study on Global Cryptocurrency Hubs Crypto tax firm Recap released a research […]

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Stablecoin Economy Sheds Another $3 Billion in 44 Days

Stablecoin Economy Sheds Another  Billion in 44 DaysThe stablecoin economy continues to deplete as more than $3 billion has been erased from the stablecoin market ecosystem over the last 44 days. While statistics show that tether’s market valuation has risen by 2% over the last 30 days, usd coin’s market cap slid by 2.9%, BUSD valuation shed 7.2% over the last month […]

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Report: Federal Prosecutors in New York Probe Digital Currency Group and Subsidiary Genesis

Report: Federal Prosecutors in New York Probe Digital Currency Group and Subsidiary GenesisFollowing accusations from Gemini co-founder Cameron Winklevoss in an open letter to Digital Currency Group CEO Barry Silbert, a report citing “people familiar with the matter” states that federal prosecutors from New York are scrutinizing transfers between Digital Currency Group and its subsidiary, Genesis Global Capital. Report Claims Digital Currency Group, Genesis Global Capital Allegedly […]

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BUSD Sees $5 Billion Reduction in Supply in 24 Days, Relationship With Turkish Lira Continues

BUSD Sees  Billion Reduction in Supply in 24 Days, Relationship With Turkish Lira ContinuesAccording to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since Dec. 13, 2022, BUSD’s supply has been reduced by more than $5 billion, going from $21.84 billion to its current level of $16.77 billion. Stablecoin […]

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Global Cryptocurrency Trade Volumes Saw a Significant Decline in December 2022

Global Cryptocurrency Trade Volumes Saw a Significant Decline in December 2022According to statistics, daily cryptocurrency trade volumes have dropped significantly during Dec. 2022. On Jan. 1, data shows that $22.95 billion was traded in the last 24 hours, compared to double that amount, $54.78 billion, two weeks earlier. On November 8, 2022, 54 days prior, amid the FTX collapse, global cryptocurrency trade volumes were approximately […]

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World population reaches 8 billion, but how many are in crypto?

The United Nations tipped the global population to tick over to 8 billion on Nov. 15, while the next billion isn’t coming for another 15 years.

The global population figure has just reached a huge milestone, with 8 billion souls now sharing the planet. Meanwhile, crypto adoption continues to grow. 

According to Worldometer, which draws estimates from a 2022 United Nations report, the global population ticked over 8 billion on Nov. 15, doubling from a population count of 4 billion in 1974 — some 48 years ago.

Worldometer said that as of 2022, the population’s annual growth rate sits at around 0.84% but will continue to slow. This could mean it could take another 15 years for the world’s population to reach 9 billion, while the population won’t hit 10 billion until 2080.

China and India are the two most populous countries, with almost 36% of the global population between them.

However, there currently doesn’t exist a consensus around how much of the world’s population currently holds digital assets such as cryptocurrency, with estimates varying. 

Market research firm GWI suggests that as much as 10.2% already hold crypto, with most ownership skewed toward nations experiencing high inflation or fluctuation in the value of their national fiat. 

Singapore-based blockchain firm TripleA estimated that as of 2022, the global crypto ownership rate is around 4.2%, with over 320 million crypto users worldwide. It reported that the United States was top with 46 million crypto holders, followed by India, Pakistan and Nigeria.

In June, Blockware Intelligence predicts that Bitcoin adoption alone will hit 10% worldwide by 2030, as reported by Cointelegraph earlier this year.

Earlier this year, Chainalysis ranked 146 countries in five categories in its 2022 Global Crypto Adoption Index. It found that Vietnam led the pack for overall adoption rates, followed by the Philippines, India, Ukraine and the United States. However, the report did not suggest actual ownership figures.

Related: Global crypto adoption could 'soon hit a hyper-inflection point'

China, however, remains a difficult country to ascertain the level of crypto ownership. A large portion of people in the world’s most populous country is understood to be tech-savvy and hungry for crypto.

However, the ruling regime has other ideas at the moment. No accurate crypto ownership figures are available.

Crypto adoption will inevitably continue to grow across the planet so we’ll round off with happy birthday, global citizen number 8,000,000,000.

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Crypto Adoption Witnessed Massive Breakout Year in 2021, According to New Gemini Survey – Here’s Why

A study conducted by crypto exchange platform Gemini finds that cryptocurrency adoption reached a crucial tipping point in 2021. In a new report, Gemini surveyed over 29,000 adults in 20 countries in an effort to gauge the world’s awareness and attitude toward digital assets. While polling citizens of North America, Latin America, Western Europe, the […]

The post Crypto Adoption Witnessed Massive Breakout Year in 2021, According to New Gemini Survey – Here’s Why appeared first on The Daily Hodl.

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