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Top 10 Cities That Google Bitcoin The Most

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Top 10 cities that Google Bitcoin the most can be found in the latest reports that we have in our altcoin news by Tuur Demeester. He tweeted the results on Twitter earlier today and we find out where the major cryptocurrency is popular the most.

According to the tweet,the first major city that was on the list of top 10 cities that are highly interested in bitcoin is Lagos in Nigeria. This comes as no surprise since Nigeria has been in longstanding economic issues and this is why Bitcoin is among the top searches. Using bitcoin as a hedge against inflation in the country is very popular. The term has a joint word attach to it ‘’buy’’ which is also among the most searched. There were five times more searches for buy bitcoin in Lagos than they were in New York.

Another city that found its name on the list is Accra in Ghana where there is about 73% of the searches were related to buying bitcoin.

Austria is also one of the places in Europe where you can find a high percentage of Google searches for Bitcoin. Vienna, as the capital city in Austria, attributed to about 70 percent of the searches with just slightly over the tenth of the population. That means that there were about 7.3 times more searches per capita in Vienna than Lagos.

San Jose is also on the list where a huge part of Silicon Valley lives. The city also has a high percentage of Google Searches for Bitcoin and is at the top of Google Trends.

As noted in the latest cryptocurrency news, Los Angeles ranks highly as well mainly because of the size of the city.

Canada’s highly populated city Toronto is at the top of the list for Google searches for ‘’bitcoin.’’ There are more than 218 bitcoin ATMs in the city which twice as much as there are in Canada’s largest City-Montreal.

Munich in Germany had its first legally sanctioned BATM installed in 2018 and thus has found itself on the list as well along with Berlin. New Yorkers are getting on their searches now since they are looking whether they need to acquire the BitLicense for the future.

Finally, Singapore is at the bottom of the list since their government is heavily investing in cryptocurrency.

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Why Is Bitcoin Still Hovering Around 5 Figures: Analysts Explain

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Why is bitcoin still not reaching the $13,000 price point is the big question the crypto analysts are wondering these days but some of them could have the answers. A few believe there are three main reasons why this is the case and in the coming altcoin news, we read more about it. After the number one cryptocurrency struggled to hold above the $11,000 price point earlier this week, Bitcoin succumbed to selling pressure and fell below the $10,000 level for the first time in three weeks. Before it dropped, some crypto analysts predicted that $10K would be a good bounce point as the price represents huge psychological support. This was not the case however and even after it made a strong upside move from $9,500 and $10,450, Bitcoin is still having a hard time to stay above $10,100. Let’s find out what the reasons are. Back a month ago, Primitive Crypto founding partner Dovey Wan attributed the sharp correction due to the PlusToken Chinese Ponzi scheme which managed to acquire more than 200,000 Bitcoin and more than 800,000 Ethereum from naïve investors in the country. According to her, not all of the members of the PlusToken team has been arrested and the data from the cybersecurity auditing company Peckshield shows that more than 1,000 Bitcoin was transferred recently to Bittrex, and Huobi from the PlusToken accounts. She is also convinced that the scammers are shifting their funds into small batches on different exchanges and that she found a chat where the Chinese traders are saying that someone has been dumping 100 BTC on Binance. The CME Bitcoin Futures gap is another reason to likely influence the price of the number one cryptocurrency due to the existence of the gap as the reason why it struggles to reach a level below $10,000. The gap is mainly there because of the Bitcoin price moving over the weekend while the CME futures are closed. The gap is also the reason for concern since the traders are setting the price as a target that has to be filled at some point when a certain asset corrects itself. As the third reason why is bitcoin not reaching a five-figure position is the consolidation phase that will continue to bounce bitcoin between $9,000 and $14,000 until an exciting move and momentum build up over the 2020 halving event as we noted in the latest cryptocurrency news.
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Altcoin News

Binance Removes US Resident Ban: Launching In “A Month Or Two”

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Binance Removes
The Binance CEO is all over the latest cryptocurrency news recently for cofirming that the American branch of the exchange will open within "a month or two." Now that Binance removes US resident ban, they are ready to announce new big things on the platform. In an interview with the outlet Cheddar on Thursday, the CEO of Binance Changpeng Zhao spoke about the planned US regulated exchange and noted that “there are a lot of things in flux, but I would say [we'll launch] in a month or two.” However, as many best cryptocurrency news sites reported in June, Binance has already communicated to their customers that US residents will be prohibited from using the platform starting September 12. This announcement sparked a lot of concerns as it would leave US traders unable to use the services by Binance. Now, however, Binance removes US resident ban and the Terms of Use (which were last revised on August 15) suggested that the exchange has softened its stance on the issue - all while removing any mention of prohibition of use for US residents. The document reads:
3. Prohibition of use By accessing and using the Services, you represent and warrant that you are not on any trade or economic sanctions lists, such as the UN Security Council Sanctions list, designated as a “Specially Designated National” by OFAC (Office of Foreign Assets Control of the U.S. Treasury Department) or placed on the U.S. Commerce Department’s “Denied Persons List”. Binance maintains the right to select its markets and jurisdictions to operate and may restrict or deny the Services in certain countries at its discretion.”
When comparing the wording to the one uploaded in June, it is clear that Binance removes US resident ban. The previous text read that "Binance is unable to provide services to any U.S. person," - which is why the difference is obvious.
Meanwhile, today's Bitcoin and altcoin news show that the situation on the market is the same as yesterday with only minor gains recored by Bitcoin. The altcoins have posted gains of 1% to 6%, accordingly, dropping the Bitcoin dominance to 68.7%.
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Bitcoin News

Bitcoin Dropping Under $8,000 Is Highly Unlikely: Analysts

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Bitcoin Dropping
The coming altcoin news today show that a lot of cryptocurrencies from the top 10 are recording new gains while Bitcoin is still at $10,380 without much changes overnight. However, analysts believe that Bitcoin dropping under $8,000 is not something that we will see soon - and that even though the cryptocurrency has shed a shocking 12%, good times are coming. Peter Schiff was one of them featured on many best cryptocurrency news sites. As the popular gold bug and anti-crypto commentator said, the bull run is already over and a move back to the bear market levels is imminent. Still, a new tweet from Josh Rager suggests that Bitcoin dropping under these levels is highly unlikely. On his Twitter profile, Rager suggested that BTC and its recent tumult is a clear sign of “one large re-accumulation happening after large players took profits near $14,000”. https://twitter.com/Josh_Rager/status/1162730116327362560 He also added that the price of Bitcoin has potential to drop in the coming weeks - but it is "highly unlikely" that it falls below the high $8,000s" citing the fact that there is a 20-week moving average which suggests that Bitcoin dropping under these levels is not a possibility. As seen in the chart above, Bitcoin already bounced off the 20-week moving average in the previous bull run. At this point, there are technicals supporting a bounce but fundamentals too. As reported by many Bitcoin and altcoin news sites, the New York Stock Exchange-backed crypto venture Bakkt has gotten a green light from CFTC through the self-certification process and user acceptance testing has begun.” All of this could spark medium term trend reversal and suggest that Bitcoin dropping under $8,000 is not something to expect. In fact, the CEO of Bakkt Kelly Loeffler wrote that her company has bagged approval from the NYSE to launch Bakkt Trust Company which will store BTC and other digital assets involved in the firm and its financial vehicles. When speaking about Bakkt’s impending and how it will be “arguably the most bullish event for institutional investors in the history of Bitcoin”, Melker wrote that these futures will demand holders to “produce actual Bitcoin or take delivery from the exchange.”
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Bitcoin News

The Bitcoin Family: A Story Of 5 People Spending BTC For 2.5 Years

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Not every family can benefit from cryptocurrency in many ways. However, for the Bitcoin Family of five, things look different - and they are on the road again - spending BTC and enjoying life. A story with one news outlet went viral on many best cryptocurrency news sites later on, showing that the Bitcoin family sold everything that they owned in 2017 in order to buy Bitcoin. As the father in the family Didi said, he realized that "life could go very fast" and that he "had been running the hamster wheel to just accumulate wealth." The Bitcoin family has been featured almost everywhere. In our latest cryptocurrency news, they are described as a family that got a burnout and started to travel together around the world - mining Bitcoins ever since 2013 and investing in cryptocurrency as their main job. After they saw that crypto has a big potential and that prices are going up and there is "more chatter on forums" about things like Bitcoin news and altcoin news - they came up with a plan and started traveling. As the family says, they wanted to show their kids that happiness is not dependent on wealth. As the Bitcoin family said, they needed "to change life because we had been spoiling our kids and educating them the wrong way." The role of the family, as the interview pictured, is a group of five traveling around the world and trying to educate themselves and prepare as much as possible about the "evolution of technology that will revolutionize the worldwide monetary system," they said. The Bitcoin family even started a new trip recently, which as they said aims to "educate those people that really need to be educated in the true fundamentals of Blockchain and Bitcoin." They also want to help the poor and unbanked as well as charities to "understand how they can be included into the monetary system without the need of a bank account." Didi said: “My goal was not to become a millionaire but to change my life." When asked about his current activities, the head of the Bitcoin family said that they "now try to live day by day and really enjoy the moment and time we spend as a family." They keep most of their Bitcoins on hardware wallets (70% of them) somewhere in Netherlands, as they said. This story and interview were taken from Cryptonews.com.
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