Report

Current market events are strongly indicating that the ethereum network will see massive growth this year. According to a recent report, the active number of users on the ethereum network doubled in period of just five months. Speculators claim that cryptocurrency could gain mainstream usage this year.

From research recently carried out by a LinkedIn branch dedicated to training, blockchain and distributed ledger technology (DLT) will be the most requested hard skill this year (2020).

The government authority of Italy responsible for regulating the securities market, Consob, recently established rules, definitions and criteria for cryptocurrency and initial coin offerings (ICO) in a document that defines the outcome of the public consultation. Consob has published on its official website the final report on the initial offers and exchanges of crypto-activities.

A new Crypto ATM review has indicated that the number of Bitcoin ATMs globally increased by more than 56 percent in 2019. According to the same report, the number of new Bitcoin users did not vary significantly from the 2018 figure. Experts believe that the rate at which new people join bitcoin is somewhat stagnant.

The allocated liquidator for Cryptopia, the collapsed New Zealand-based cryptocurrency exchange, has managed to recover around NZ$7.2 Mln (approx. $5 Mln) on balance since it was attacked by anonymous hackers for feasibly $18 Mln early this year. The exchange went into liquidation back in May after facing a gigantic attack by deadly unknown hackers in January.

The fiscal salvage of recent years has openly proved wide of the mark the doomsday economists. Several parties will more probably be just as off beam about cryptocurrency including Bitcoin (BTC). As per now, the economic projection seems amazingly positive, however, a few months ago, some economists forecasted differently.

Leaders from the seven most powerful world economies want to fully explore Bitcoin to its maximum potential. The G7 recently released a report on cryptocurrency investigating the effects of global stable coins. The G7 which includes the US, UK, Germany, Italy, Japan, France, and Canada also has leading hubs for cryptocurrency and blockchain projects.

Longfin Corp., a NASDAQ-listed independent finance and tech firm, that unexpectedly jumped onto the cryptocurrency bandwagon with the aim of benefiting from the bitcoin (BTC) bull run that happened in December 2017, was recently ordered by a New York federal court to recompense around $7,000,000 in fines and disgorgement for fake operations, as per a U.S. SEC report issued on Sept 30.

The CRA - Canada Revenues Agency (Customs and Revenue Agency), a federal authority which administers tax laws, started investigating the impending unknown revenues of QuadrigaCX, a defunct cryptocurrency exchange. On Monday Sept. 16, the Globe and Mail published a report saying that the Trustee on the QuadrigaCX insolvency case has managed to produce the tax returns files for previous earnings of the firm.