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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"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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“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 CEOA 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.
@sammcingvale and Coinbase CISO @SecurityGuyPhil visited the UK to discuss the institutional cryptoeconomy with a range of prospects and clients."
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