5% of Israelis in Bitcoin; Corporate Blockchain up 44%

5% of Israelis in Bitcoin; Corporate Blockchain up 44%

The blockchain and cryptocurrencies path is unstoppable, or at least this is what the market thinks. In a recent acquisition of a cryptocurrency exchange platform by a Winery retailer, its chairman highlighted the advantages of the crypto industry.

Raymond Ting Pang-wan, chairman at Madison Holdings Group, said that “Japan represents about 20% of bitcoin trading worldwide. Japan and the US are the only two markets that have a licensing system for such trading platforms.”

Well, it is something that is changing with new regulation effort in Switzerland, the United Kingdom, Hong Kong and Singapore among others.

The wave is healthy, according to Bezeq, one of the largest telecom companies in Israel, 5% of Israelis have invested in or used Bitcoin and digital coins.

The State of the Internet Report, a Bezeq report based on its own system and platforms, says that cryptocurrency adoption has a long way to go in Israel, but the seeds are there. 42% of people have said they are using, or have used direct money transfer apps that big banks have implemented to stay in the digital age loop.

Blockchain adoption up 44% in corporations

“The Cycle of Progress”, a study by Tata Communications about digital transformation revealed that corporate blockchain adoption was 44% up in 2018. Executives are optimistic about new technologies, but concerned about security and skills.

Srinivasan CR, Chief Digital Officer, Tata Communications, says that the “study clearly demonstrates that business leaders are focused on the positive impact of technology innovation.”

“While the AI hype machine may be rumbling into overdrive, it seems that currently businesses rate both IoT and predictive analytics as bigger drivers of digital transformation than the emerging uses of AI we hear so much about,” he highlighted.

According to the study, “The Cycle of Progress suggests that some technologies are fast becoming ubiquitous in large and small organisations alike. IoT (53%), predictive analytics (51%), AI (46%) and blockchain (44%) are the most widely adopted in the respondents’ organisations.”

However, “despite the benefits of digital technologies, anxiety surrounding spiralling costs (43%) security (40%) and privacy (37%) are the key adoption barriers for business decision makers,” the study affirms.

Recently Similar News

casinoin-promotion etoro-promotion

Latest Guides

Latest News

block,Exchange Platforms,Smart Contracts

DeversiFi Launch New Smart Contract Insurance

DeverisFi now offers insurance on Smart-Contracts that are taken out via the platform. Smart contracts are an important part of the blockchain industry. As is security. Hence why this move will be welcomed by traders who regularly look to DeversiFi for their smart contracts. Already DeversiFi users could benefit from hefty audits on their smart […]

9 July, 2020
CFD Trading Platform,Plus500,Trading

Plus500 Video Explains the Most Popular Trading Strategy

In a new video shared to their social media pages, Plus500 have provided an insight into the most popular trading strategies that users can and should be taking advantage of. The video takes a look at three trading strategies used by traders, their characteristics, and features. While Plus500 acknowledge the fact that there are many […]

9 July, 2020
Cryptocurrency,Exchange Platforms,EXMO

Wirex Token Beats WinK in EXMO Listing Comp

For the last 2 weeks, users of EXMO have been voting for their choice for the next new token to be added to their platform. Yesterday the voting ended with Wirex token coming out on top of the pile. The token of the gaming platform, WinK beat the digital payment service token, Wirex, on social […]

8 July, 2020
Bitcoin,Crypto Wallets,Cryptocurrency,Trezor

BTC Direct Now Integrated on Trezor

Trezor have integrated BTC Direct onto their wallet which will make it easier for traders to buy bitcoin in Europe. You will find the new option within the wallets existing Buy Feature which, as you can infer, is the part of the wallet that helps you purchase cryptocurrencies. However, this feature will now be cheaper, […]

8 July, 2020
Cryptocurrency,Exchange Platforms,Kraken,UK

Crypto Facilities Receives MTF Licensing

A subsidiary of leading exchange platform, Kraken called Crypto Facilities has received a Multilateral Trading Facility (MTF) license from the Financial Conduct Authority (FCA). The obtainment of the MTF license makes them the first cryptocurrency company to hold this license and will allow them to expand its product range and better serve institutional clients that […]

7 July, 2020
Cryptocurrency,Exchange Platforms,EXMO

EXMO Coin’s Third Quarterly Burn Completed

Last week, EXMO conducted the latest burn of their native, EXMO Coin (EXM). This was the third such burn of the token following its launch last year. Taking place on the 2nd July 2020, the event saw 2,092,034.65 EXM burned in accordance with the whitepaper of the token. As per the platform, “we commit to […]

7 July, 2020
Binance,Cryptocurrency,Exchange Platforms

Binance Now Supports PoS Staking

Binance has added a series of new features to their staking service thanks to new support being offered by Binance Pool. Thanks to the new updates, Binance have stated that it is now possible to stake more “high market value tokens as the PoS market” among other benefits to be rolled out for users. The […]

6 July, 2020
CFD Trading Platform,Plus500,Trading

CFD Highlight Events to Watch Out For This Week

Plus500 and Trade.com have both taken to their social media pages to inform users of the events they should look out for this week. The weekly heads up of the big events that will affect trading has been a regular occurrence from these CFD platforms over the last few weeks. These short and snappy lists […]

6 July, 2020