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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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Bitcoin News

Bitcoin Hash Rate Reaches New High As Price Reclaims $9,000

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Bitcoin hash rate reached e new all-time high as the price of the major cryptocurrency tapped the $9,000 level again. Let’s look into the analysis in the coming altcoin news below. The data that we acquired shows that the BTC hash rate which is the computing power required for securing the network reached 62 quintillion hashes per second or 62 million tera hashes per second on Friday. This level is the highest ever hash rate level that bitcoin ever reached and the one that was ever recorded on the network with the previous one being 61.9 million in 2018 in August. The more mining nodes remain active on the network they will create bigger security by reducing the possibility of malicious attacks on the blockchain. Reaching the new hash rate ATH also represents a final blow to anyone who talks about mining capitulation that could emerge if the hash rate is to fall again as it did by more than 45 percent in December. The network hash rate is one of the most important elements that are currently enjoying positive growth trends. The active addresses for Bitcoin are also back above $1 million. The increase of the active bitcoin addresses does not really have a material impact on transactions fees as the main transaction charge is somewhere about $1.30. By using wallets with the robust fee calculation figures they could provide for much lower fees. While the network hash rate was setting a new all-time record, the current price for Bitcoin went on another upward ride to the $9,000 price level. The number one cryptocurrency even surpassed this level and tapped the $9,300 price range setting a new 1-year-high for the number one cryptocurrency as noted in the latest cryptocurrency news. As pointed out by the Senior Market Analyst at eToro Mati Greenspan, the network fundamentals are the best indicators for the bitcoin price movements. The latest price surge also happened during the network activity and the BTC hash rate reached a new all-time high. Bitcoin is currently up by more than 150 percent since the start of 2019 and managed to add double the market price since the start of April alone
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Bitcoin News

Bitcoin Just Surpassed 1 Million Daily Active Addresses

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A new milestone is here and featured in our latest cryptocurrency news, where Bitcoin is seen surpassing the one million mark of daily active addresses. Now that Bitcoin just surpassed this crucial level, it also recorded a 13-month high and a growth that was quite parabolic this year. According to one analyst named Kevin Rooke and his tweet:
"When Bitcoin first broke 1 million active addresses (Nov 27, 2017), 1 BTC was $9,352 and the median tx fee was $3.23.  Yesterday 1 BTC was $8,230 and the median tx fee was $1.33."
Even though the DAA does not man much in practice, the fact that Bitcoin just surpassed 1 million daily active addresses is an important metric on many altcoin news sites - mostly because it shows actual and unique transfers which are separate from the direct ones to and from bigger exchanges. The fact that there are more than million unique addresses transacting on the blockchain is good for Bitcoin. https://twitter.com/kerooke/status/1139919876838047744 In order to put this number in perspective, however, we can link to Uber and its estimated 14 million rides per day or estimated 798,877 iPhones a day which Apple sold in 2017. While these are comparisons like Apples to oranges, it is definitely interesting to note that Bitcoin is doing the transaction volume of some of the biggest brands in the world. The news that Bitcoin just surpassed an interesting milestone are re-shared on many best cryptocurrency news sites. Curiously, shortly after reaching this milestone, Bitcoin's price started rising going from $8,450 to a $9,300 high. At press time, the Bitcoin price seems to have corrected and is trading a little over $9,100. One of the factors behind the flagship cryptocurrency and its price rise could be Facebook's foray in the crypto space. Still, Bitcoin just surpassed 1 million daily active users and there could be a real possibility that BTC is heading for the $10,000 mark by June 21 because of it. Right now, there are no coming altcoin news or altcoins showing a similar level - or active addresses which surpassed one million. The Bitcoin traders should be proud of that - and proud of a retracement for the Bitcoin blockchain which has not been since two years ago - in November 2017.
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Bitcoin News

Bitcoin Above $9.3k: BTC Price Records A 13-Month High

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Bitcoin is all over the latest cryptocurrency news today for recording another surge which put it at a 13-month high. The Bitcoin above $9.3k situation was present for a couple of hours before the most dominant cryptocurrency corrected. At press time, Bitcoin is trading at $9,113 with a $161 billion market cap and a dominance of 57.2%. It all started when the leading cryptocurrency by market capitalization rose to $9,381 at 05:55 UTC which is the highest price we have seen since May 10 last year (2018) as the Bitcoin Price Index shows. In fact, the Bitcoin above $9.3k situation has not been seen for some time now as BTC was trading in the $8,000 zone most of this week. As soon as BTC changed hands with the $9,400 mark, it corrected to $9,250 and then to the current price of above $9,100. As many best cryptocurrency news sites note, more than $19 billion worth of Bitcoin has been traded across crypto exchanges in the last 24 hours, Messari data shows. Meanwhile, some of the major exchanges included in the calculation of Bitwise's "real" BTC trading volume are reporting the 24-hour volume figure to be at $867,697,751. With this price rise, Bitcoin's dominance rate (or share of the total cryptocurrency market) has also surged. The Bitcoin above $9.3k is a price level which is great for the most dominant cryptocurrency - and boding well for the market in general. In the coming altcoin news, we can see that Bitcoin has initiated a positive trend. Right now, Litecoin (LTC) is up by 2.3% as well as Ether, XRP and Bitcoin Cash which were all up 4% according to data from CoinMarketCap. Meanwhile, EOS remains the best performing top 10 altcoin in the past 24 hours. It managed to add 7.4% gains overnight. Still, on a seven day basis, Litecoin is leading with its surge of 18.29%, closely followed by BTC which recorded a 17.20% growth on a weekly basis. Looking forward, the Bitcoin above $9.3k is a scenario that could finally lead the cryptocurrency to the $10,000 resistance level. A lot of technical studies back this possibility and the 50 and 100 candle moving averages also look set to produce a bullish crossover. With a 13-month high, Bitcoin has managed to retrace by around 38.2% from the December 2017 sell off.
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Altcoin News

Coinbase Custody Has $1.3bn In Assets Under Custody

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Many best cryptocurrency news sites came with shocking reports about Coinbase Custody - showing that the company holds around $1.3 billion in assets under custody (AUC). Moreover, the firm expects to hit $2 billion AUC very soon, as a Twitter thread published a few days ago noted. The series of tweets from the official Coinbase Custody Twitter account reported that the company's CEO, Sam McIngvale, along with the chief information security officer, Philip Martin, both visited the United Kingdom. The purpose of the visit, as the altcoin news show, was reportedly “a discussion on the institutional cryptoeconomy with a range of prospects and clients.” During the meeting, the representatives from Coinbase Custody argued that while many believe that there are no institutional grade offerings in the cryptocurrency space, Coinbase Custody is in face one of those offerings. The firm's representatives said that the company is insured, regulated and a secure custodian.
“We have $1.3bn AUC and expect to hit $2bn soon. We have no intention of stopping there. [...] Coinbase Custody services over 90 clients. Of those, approximately 40% are outside of the US.”
The tweet also claims that - as cryptocurrencies mature and become an even more popular and dominant asset class- financial hubs such as the city of London are becoming centers for crypto innovation. Another tweet notes:
"1/ Last week Coinbase Custody CEO and Coinbase CISO visited the UK to discuss the institutional cryptoeconomy with a range of prospects and clients."
A month ago, during one on-stage discussion at Consensus, the CEO of Coinbase Brian Armstrong said that its custody service had already raked $1 billion in assets under management (AUM). Having that in mind and the latest cryptocurrency news showing that this number went to $1.3 billion - it is certain that the custodial branch of the exchange is soon going to hit the $2 billion mark. Meanwhile, as we reported in March this year, the US Securities and Exchange Commission (SEC) is soliciting industry input as it potentially reconsiders the existing custody rules in specific cases of digital asset trading as well as settlement. Aside from Coinbase Custody and its London presence, the Hong Kong-based trading and asset management firm BC Group also announced that it is launching an insured custody service for cryptocurrencies.
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