New data from the Bank of Canada and the Ontario Securities Commission emerged in the Bitcoin news this week, revealing positive stats about the use and growth of the cryptocurrency in Canada.
According to the report, Bitcoin adoption and general crypto awareness in the country are growing year by year. From the 2.9% of people who owned Bitcoin in 2016, the report estimated that the number in 2017 rose to 5%.
The report was released by the Bank of Canada and is titled “Bitcoin Awareness and Usage in
Canada: An Update,” mainly aiming to inform and promote the use of the leading cryptocurrency. According to it, the most ‘active group’ owning Bitcoin are Canadians aged between 45 and 54, multiplying from 0.9% in 2016 to 3.5% in 2017.
The report also showed that the gender gap for Bitcoin quite changed over the years. Right now, female Bitcoin owners have 2% of the 5% share, while the male Bitcoin ownership figure nearly doubled, jumping from 4.2% to 8.1%.
On top of this, new data from OSC shows that the total number of crypto asset owners in Ontario rose and 63% from the total population in the city (which is 500,000) said that they own Bitcoin, followed by 35% for Ethereum, 18% for Litecoin, 17% for Bitcoin Cash and 13% for Ripple.
As the survey also states, 35% of the crypto holders made their first purchase of cryptocurrency in the previous three months, while 37% say they first obtained crypto within the past year. Only 27% of the respondents said they purchased crypto ‘more than a year ago’.
CME BTC Futures Volumes Hits 4-Month Low: Analysis
‘’ of a 2nd example of my fear. The out of no where dump in bitcoin on 9/6, it started at 1pm. The Bitcoin futures dump started at 1235pm on the CME futures. It seems to me bitcoin is now controlled the way equities markets are: by a small minority trading in an illiquid futures mkt’’It is still unclear whether the new Bakkt futures would have a similar effect since, in theory, the traders could acquire physical BTC by acquiring a contract and holding it until the settlement begins. They will be credited with the actual BTC later. Despite the low volumes, the CME increased the spot-month position limits and BTC still remains unpredictable so it is possible that there is some more increasing interest in trading. As per the latest cryptocurrency news, the CME futures market seems to be active in comparison to the CBOE product which was eventually discontinued before the big summer rally which sent BTC to a yearly peak.
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Investment App Abra To Sell Crypto In 6,000+ 7-Elevens In Philippines
“Now Abra users in the Philippines can quickly and easily add pesos into Abra and use that to invest in cryptocurrencies or popular stocks like Google, Amazon, Facebook, etc., which opens up a world of new possibilities to build wealth.”The investment app Abra was in the news back in February as well. Then, it said that it was launching a new service which allowed customers to invest in fractions of stocks of NASDAQ-listed firms. The app also supports 30+ cryptocurrencies and 50+ fiat currencies. According to the general manager at ECPay, this partnership “widens the product and service offerings of ECPay to its Collection Partners like 7-Eleven, NCCC Department Stores and Supermarkets, LCC Malls and other Remittance, Pawnshop partners." For those of you who don't know or are not following our altcoin news, the Philippines adheres to the Cagayan Economic Zone Authority (CEZA) which unveils a comprehensive set of new rules that govern cryptocurrencies. All of this was made in a bid to effectively regulate and protect investors. Under the rules, all Digital Asset Token Offering (DATO) regulations must have proper offering documents with pertinent details on the issuer, project and accompanying advice and certification of experts and DA Agents.
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