Reddit to Tokenize on the Ethereum Blockchain?

4m
cryptonewmedia

Eidoo Card Is Available for Pre-Order – Seamlessly Connect Your Fiat and Crypto Wallets

9m
cryptonewmedia

Security, Regulations, and Safe-Haven Assets: BeInCrypto Interview with Josh Goodbody (Binance)

19m
beincrypto

Blockchain to Authenticate Coronavirus-Response KN95 Face Masks From China

20m
cointelegraph

Binance Rejects Charges of Embezzlement, Shares Its Side of Story

25m
bitcoinist

Three’s a Crowd: Final Bitcoin Miner Shakeout Points to an Epic...

30m
newsbtc

Dow Jones in Denial as Gut-Wrenching Unemployment Data Hits

35m
cryptonewmedia

Bitcoin Expected to See Major Price Swings from April 11th Up to 19th

39m
coinidol

Petro Couldn’t Save the Cartel of the Suns Conspiracy From the Sting of Sanctions

39m
cointelegraph

Calm Before The Storm For Bitcoin (BTC)

1h
cryptodaily

Binance Responds to Claims it Stole $1 Million Worth of User Funds

1h
zycrypto

Bitcoin (BTC) Price Predicted to Hit $20,000 in 2020 by BitMEX CEO Arthur Hayes

1h
utoday

If Bitcoin Works in Zimbabwe, It Works Everywhere- CoinDesk

1h
cryptonewmedia

PNXBet Launches Live eSports Category Amid Struggles in the Betting Industry

1h
nulltx

Ripple Rebounds, Faces $0.20500 Resistance

1h
coinidol

Bitcoin Price Ignores $2.3T Fed Cash as Pundit Warns of ‘Sucker Rally’

1h
cointelegraph

Bybit Hosts Tether Airdrop to Celebrate the Launch of USDT Perpetual Contracts

1h
cryptodaily

Global Stablecoins Could ‘Pose Systemic Risks’ to EU

1h
bitcoinist

Cryptoassets Continue to Buck the Trend, Says eToro Analyst

2h
cryptoglobe

Ethereum Fraud Case: 4000 ETH Recovered By Korean Authorities With the Help of Binance; Know Here!

2h
coingape

Why BitMEX CEO Doubled Down

2h
cryptonewmedia

Economic Recovery Hinges on Coronavirus Antibody Tests: That’s a Big Problem

2h
cryptonewmedia

Bitcoin Cash (BCH) Network Speed Tanks, Cost of 51% Attack Drops to Dangerous Level

2h
utoday

$24 Trillion US Debt: Could This Be Pushing The Bitcoin Price To Astronomical Heights?

2h
zycrypto

The Hash rate takes a hit following BCH halving

2h
cryptodaily


Report: Crypto Investment Wealth Is Highest in San Francisco Bay Area

Crypto taxation tool CoinTracker has released a report comparing the prevalence of cryptocurrency ownership across major cities in the United States. The report is based on user data that CoinTracker has been collecting since 2013.

CoinTracker found that the top four ranked cities by average crypto portfolio size are all in California’s San Francisco Bay Area, with San Francisco proper at approximately $55,000 followed by Palo Alto with $39,000, Oakland with $35,000 and San Mateo with $30,600.

Only four cities outside of California are home to investors whose average crypto holdings exceed $20,000 in the U.S. — with Seattle, New York, Tampa, and Pittsburgh investors holding between $27,000 and $21,000 on average.

The findings also show a significant concentration of crypto investors in the cities of San Francisco and New York — with their combined “crypto user index” roughly equating to that of the next four highest-ranked cities combined.

San Francisco is the top U.S. crypto city by the number of investors and thus scored a user index of 100.

New York ranks second for crypto investor density with a user index rating of 92, however, it ranks sixth by the average value of holdings at nearly $23,000.

Los Angeles has the third-largest density of crypto investors with a user index of 57.2, followed by Chicago with 48.8, and Seattle with 39.7.

Despite comprising a small town of 43,000 in Virginia, Ashburn tops the list for crypto ownership density when assessed on a per capita basis.

Despite its small population, Ashburn has been described as the “Center of the Internet,” with 70% of internet traffic passing through the city that also has the fourth-largest data center density in the United States.

Washington’s Redmond, a city outside of Seattle and the “bicycle capital of the northwest,” has the second-highest number of crypto investors per capita, followed by San Francisco.

Bitcoin (BTC) investments comprise 50.3% of CoinTracker users’ crypto portfolios, followed by Ether (ETH) at 28.7%.

Tether (USDT) ranks third at4.1%, followed by Litecoin (LTC) at 3.3%, Ripple (XRP) at 3.1%, Chainlink (LINK) at1.9%, and Bitcoin Cash (BCH) and Tezos (XTZ) with 1.7% each.

The eight-most popular crypto assets comprise 94.8% of U.S. virtual currency holdings combined, with all other crypto assets representing less than 1% of total capital in the cryptocurrency markets each.

Ether investments outweigh the Bitcoin holdings of investors in San Diego, Nashville, Seattle, Boston, San Francisco, and The Bronx — with Ether comprising more than 50% of crypto wealth in each city.

Investors based in Redmond, San Antonio, Atlanta, and Fremont have the majority of their crypto capital allocated to markets other than BTC or ETH.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments