Crypto Market Overview – August 20th, 2021

 

Britney Spears may have used BTC to hide her purchases from her father
In the wake of the hype surrounding the #FreeBritney movement, the hosts of the Toxic podcast, Tess Barker and Barbara Gray, stated that the pop singer, since 2014, could use Bitcoin for purchases that she wanted to hide from her trustee father Jamie Spears. Zycrypto reports.
Recall that in 2008, the court ordered compulsory custody of the singer, recognizing her as mentally unstable. Since then, her father is considered the copyright holder of all the tracks she releases, and also has complete control over fees, performances and costs.
Recently, audio recordings of Britney's court testimony, confirmed by National Public Radio (NPR), were leaked to YouTube, in which she wanted to end her 13-year guardianship, citing her father completely disenfranchising her and forcing her to take drugs against her will.
Barker and Gray clarified that the singer's use of BTC as a means of payment is only an assumption, but so far no official comments have been received from Britney or her representatives.
 
India and Ukraine entered the top four in terms of the number of crypto transactions in 2020 - 2021
Blockchain analytics platform Chainalysis published research results on calculating the global cryptocurrency adoption index in several key factors and highlighted India, Ukraine, Pakistan and Vietnam as the countries with record intensity of retail investment in digital assets. Coinquora reports.
The study continued for a year and found that the global spread of e-money in trade, savings and payment for purchases increased by 881% during this period. The main evaluation criteria were the trading volume on peer-to-peer exchanges and the profits from trading.
According to researchers, people most often buy cryptocurrencies in order to preserve their savings against the background of the devaluation of government fiat money, but no less significant reasons are the convenience of international transfers and the ease of performing business transactions.
Chainalysis analyzed the crypto activity of 154 countries and came to the conclusion that the classic market leaders, China and the United States, fell in the ranking due to a decrease in the volume of peer-to-peer digital money trading. This year, the countries took 13th and 8th places, respectively.
 
Cryptovantage Fresh Survey: Millennial Portfolios Hold Up to 12% Cryptocurrency
A new Cryptovantage study found that millennial investment portfolios comprise up to 12% of cryptocurrency assets, while for Gen X and xennial microgeneration investors, the figure is 6.3% and 9.2%, respectively. News.bitcoin reports.
However, as part of the survey, it was possible to find out that xennials have the highest rate of profitability of digital assets, namely 80.5%, while investors from generation Y receive up to 76.2% of the return from crypto, and from generation X — 71.5%.
The study also showed that BTC became the most common digital asset, regardless of the age of portfolio owners. ETH was firmly entrenched in second place among investors from generations X and Y, while BCH and DOGE shared silver among Xenials.
At the same time, 3 out of 4 crypto investors shared information that they made real profits with the help of cryptocurrencies. A total of 1,044 people who were born in the period from 1965 to 1997 participated in the survey. As a result, the researchers concluded that "The popularity of crypto assets varied by age" of investors.

Published: 2021-08-20