SEC To Monitor Blockchain Transaction Seeking Suppliers to Extract Data

SEC To Monitor Blockchain Transaction, Seeking Suppliers to Extract Data

               us sec

An official announcement rolled out on Jan 31, 2019,
unveils that the SEC or Securities and Exchange Commission is analyzing blockchain transaction.

SEC to closely Analyze blockchain Services

According to the official report, the agency is looking for a supplier or vendor that would help them determine and monitor risk on grounds of digital assets. The opportunity is open for those that can extract blockchain data and parses them to make it reviewable. The opportunity page of

SEC reads that;

The U.S. Securities and Exchange Commission (SEC) is issuing these sources sought notice as a means of conducting market research to determine the availability and technical capability of large and small businesses to provide blockchain data to support the SEC’s efforts to monitor risk, improve compliance, and inform Commission policy with respect to digital assets.

The suppliers/vendors would further expected to enable SEC to access the data from the most widely used blockchain ledger. Besides data, SEC also demands to look at the process being used to extract the data and convert in reviewable format. This is to assure that the data transformation doesn’t lead to any kind of loss. Moreover, the requirement for the data provision mentioned by SEC website includes;

  • Provide data extracts on a recurring basis for the most widely used blockchain ledgers ,based on transaction volume.
  • Cleanse and normalize data to enable review and exploration. Provide capability to derive insights from the available data, including attribution data (i.e. to whom a particular address belongs).
  • Provide a means to demonstrate the data provided is accurate and complete

Article Produced By

Tabassum

Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies.

https://coingape.com/sec-blockchain-transaction-seeking-supploers/

XRP Price Jumps 11 After IMF Praises Ripple Says Banks Will Be Cannibalized’

XRP Price Jumps 11% After IMF Praises Ripple, Says Banks Will Be ‘Cannibalized

             

The price of XRP has popped 11%
at time of publishing, according to the crypto price tracker Coin360
.

The price jump follows news that Ripple rival Swift will link to R3’s Corda Settler, which uses a distributed ledger to settle transactions between traditional assets and cryptocurrencies such as XRP. It also comes after a new endorsement of Ripple’s endeavors from International Monetary Fund (IMF) director Christine Lagarde. At the Paris Fintech Festival, Lagarde warned banks that they need to act and adapt to new technologies to better serve their customers.

“I think in the banking system at large in many, many countries, the difference will not be between those who are disrupted and those who survive. The difference will be between those who are cannibalized because they’re not seeing it coming, and they’re not embracing it, and those who self-induce that cannibalization.

And I’m using cannibalization on purpose because it’s a bit of a striking, horrible word. But it’s really what it means. You’re going to disrupt your business model. You’re going to change it. You’re going to reduce your costs. You’re going to expedite your transactions, and you’re going to inspire confidence because you will build out on the basis of an existing backbone, which is your bank and the confidence, relationship you’ve established with your customers.

So that’s where I see changes happening now. If you think of Circle, and Ripple and all those – that’s where they are active and helpful.” This is not the first time Lagarde has made the case for blockchain technology and digital currencies. In November, Largarde said that “cryptocurrencies such as Bitcoin, Ethereum, and Ripple are vying for a spot in the cashless world, constantly reinventing themselves in the hope of offering more stable value, and quicker, cheaper settlement.”

Article Produced By
The Daily Hodl

https://dailyhodl.com/2019/01/30/xrp-price-jumps-11-after-imf-praises-ripple-says-banks-will-be-cannibalized/

Ethereum Hackathon ETHDenver Partners With UNICEF on Blockchain Bounty System

Ethereum Hackathon ETHDenver Partners With UNICEF on Blockchain Bounty System

  

Upcoming Ethereum (ETH) hardware hackathon ETHDenver is partnering with UNICEF

on a blockchain bounty token system, according to a press release shared with Cointelegraph Jan. 31. The token aims to incentivize developers to create projects which promote social good, the press release notes.

ETHDenver — set to take place February 15-17 in Denver, Colorado — has partnered with UNICEF Ventures, UNICEF France and ETH startup Bounties Network on the prototype for what it calls a “positive action token,” the firm stated in the press release. While the token is yet to have a name — indeed, its creators are appealing to ETHDenver attendees to contribute to finding one — it forms part of an incentivization program dubbed “The Impact Track.” As ETHDenver Diversity and Impact Steward Nick Rodrigues has outlined, the program encourages developers to think systematically about the positive social impact of a given piece of

technical innovation:

“For example, if someone had a project where they happened to develop a way to shard more efficiently which therefore required less energy consumption, they would be meeting a sustainable development goal.”

As a non-monetary, value-driven community coin, the token cannot be redeemed for fiat currency, as the organizers report. Instead, users can use their tokens to get early access to future UNICEF and Impact Track events, mentorship sessions, incubator-style support, and similar offerings. ETHDenver has also pitched the token as “digital public acknowledgement of positive actions.”

In a separate blog post published Jan. 30, ETHDenver and blockchain startup MakerDAO (MKR) — creator of the Ethereum-collateralized stablecoin Dai (DAI) — have also announced the creation of an ETHDenver pop-up token economy based on an ephemeral “localcoin.” Hackathon attendees will reportedly each be issued with a unique “xDai” wallet, which runs on their phone’s default web browser and is pre-loaded with the localcoin, dubbed “buffiDai.” The coin is pegged to the Dai and redeemable for food, drinks and activities at the event, the blog post reports.

As previously reported, the positive action token represents just one of UNICEF’s many forays into the blockchain space. Last month, the UNICEF Innovation Fund announced it would be investing $100,000 in six early stage and open-source blockchain companies working toward humanitarian goals. In February of last year, the organization appealed to PC gamers to use their computers to mine ETH and donate their earnings to a charity campaign for Syrian children.

Article Produced By
Marie Huillet

Marie Huillet is an independent filmmaker, with a background in journalism and publishing. Nomadic by nature, she’s lived in five different countries this decade. She’s fascinated by Blockchain technologies’ potential to reshape all aspects of our lives.

https://cointelegraph.com/news/ethereum-hackathon-ethdenver-partners-with-unicef-on-blockchain-bounty-system

 

UAE-Saudi Arabian Digital Currency ‘Aber’ to be Restricted to Select Banks at Start

UAE-Saudi Arabian Digital Currency 'Aber' to be Restricted to Select Banks at Start

  

The United Arab Emirates’ (UAE) central bank (UAECB)

and the Saudi Arabian Monetary Authority (SAMA) have announced that the interbank digital currency they are co-developing will be called “Aber.” The news was reported by the national Saudi Press Agency on Jan. 29.

A joint statement from the banks has reportedly outlined that the use of Aber will be limited to financial settlements using distributed ledger technologies (DLT) “on a probational basis and [for] exclusive use by a limited number of banks in the two countries.” While news of the two countries’ plans for a digital currency for cross-border interbank settlement has previously been reported, this appears to be the first official indication of the currency’s name and initial circulation scope.

The banks clarified that the currency’s issuance falls within a proof-of-concept framework, aimed at:

“[…] studying the dimensions of modern technologies and their feasibility through practical application and the determination of their impact on the improvement and the reduction of remittances costs and the assessment of technical risks and how to deal with them.”

The statement did not determine an official launch date for the currency’s pilot issuance, but outlined that it would initially be focused on technical aspects. The announcement also reported that if “no technical obstacles are encountered, economic and legal requirements for future uses will be considered.”‏

The two countries said bilateral issuance is important as they consider that while national central systems for remittances and domestic transactions have proved their solidity to date, some aspects of international remittances require further development. The Aber project aims to ascertain whether a digital currency could be supportive of this development, the

statement adding:

“The project will also enable considering the possibility of using the system as an additional reserve system for [a] domestic central payments settlement system in case of their disruption for any reason.”

Issuance of Aber reportedly forms part of a seven-point bilateral cooperation plan between UAE and the Kingdom of Saudi Arabia, negotiated in a meeting of the Executive Committee of the Saudi-Emirati Co-ordination Council Jan. 17. As reported, the UAE is looking to join the list of leading destinations for blockchain firms in 2019 by establishing a new pro-crypto legal framework. In Saudi Arabia, customs authorities have recently concluded a pilot scheme linking their cross-border trade platform “FASAH” with IBM and Maersk’s “TradeLens” blockchain infrastructure.

Article Produced By
Marie Huillet

Marie Huillet is an independent filmmaker, with a background in journalism and publishing. Nomadic by nature, she’s lived in five different countries this decade. She’s fascinated by Blockchain technologies’ potential to reshape all aspects of our lives.

https://cointelegraph.com/news/iran-central-bank-will-consider-expert-input-before-enacting-crypto-regulations

NYSE Operator Partners With Blockstream to Launch Crypto Tracking Tool for Investors

NYSE Operator Partners With Blockstream to Launch Crypto Tracking Tool for Investors

  

The Intercontinental Exchange (ICE) has partnered

with major global blockchain firm Blockstream to launch its Cryptocurrency Data Feed product, as ICE Data Services tweeted on Jan. 24. Founded in 2000 in the United States, the Intercontinental Exchange is a global company that owns exchanges for financial commodity markets and operates 23 global exchanges, including the New York Stock Exchange (NYSE).

According to the announcement, ICE’s new crypto data service enables real-time and historical data for more than 60 cryptocurrencies from major trading markets and exchanges worldwide. Blockstream has introduced the product under the name “Crypto Feed V3” on its Twitter, claiming that the updated service now includes more than 30 venues across over 400 crypto and fiat trading pairs. The new partnership intends to provide global investors with a comprehensive tool to monitor data for the most actively and widely traded cryptocurrencies, the company wrote.

The Cryptocurrency Data Feed includes a number of crypto market monitoring services such as price discovery, historic data and full-depth market by price and by venue insight, as well as round-the-clock market overview including a calculated accumulated volume, the volume of weighted average price (VWAP) and others. In addition, the new service is backed by ICE’s Secure Financial Transaction Infrastructure (SFTI) tool, which claims to eliminate downtime for investors and enable immediate notifications in case of an emergency. ICE had previously announced its plans to launch Bakkt, regulated, global ecosystem for digital assets, in August 2018.

As reported on Dec. 31, 2018, ICE released an update to the launch timeline for Bakkt — which had previously been a targeted Jan. 24 launch date — in accordance with consultation with the Commodity Futures Trading Commission (CFTC). Recently, Bakkt has announced that they are hiring for a number of key positions at the company, mostly looking for developers at director and senior levels. Previously in mid-January, Bakkt had also acquired certain assets in futures commission merchant Rosenthal Collins Group.

Article Produced By
Helen Partz

Helen is passionate about learning languages, cultures and the Internet. She has years of experience working at international online advertising projects. Growing interested in Bitcoin and cryptocurrencies in late 2017, she joined Cointelegraph as a writer.

https://cointelegraph.com/news/bitcoin-skeptic-ex-starbucks-ceo-howard-schultz-considers-2020-presidential-run

Unconfirmed: Novogratz’s Galaxy Digital to Raise 250 Million to Offer Crypto Loans

Unconfirmed: Novogratz’s Galaxy Digital to Raise $250 Million to Offer Crypto Loans

  

Mike Novogratz’s crypto merchant bank Galaxy Digital

is reportedly raising at least $250 million to offer loans to crypto-related firms, according to an unconfirmed report published by American news site Business Insider on Jan. 23. Citing two unnamed people familiar with the matter, the news outlet claims that Galaxy Digital is purportedly planning to close the first fundraising round for its crypto credit fund in March. A Galaxy representative has reportedly declined to comment on the issue to Business Insider.

According to the article, Galaxy’s lenders will be able to get their loans by using crypto assets, real estate and crypto mining hardware as deposits. Two anonymous individuals also noted that Galaxy decided to launch its own fund after seeing an increased demand for crypto lending services from firms amidst the bear market in 2018. Founded by former Goldman Sachs partner Michael Novogratz, Galaxy Digital is already lending to crypto businesses using its own balance sheet, according to Business Insider.

The crypto merchant bank also led a $52 million fundraising round through its investment arm Galaxy Digital Ventures in order to fund the crypto-lending firm BlockFi in July 2018. Amid the aftermath of the crypto market collapse in 2018, many crypto and blockchain companies have faced financial trouble: for example, at least 340 such companies were dissolved or liquidated in 2018 in the United Kingdom, and China-based crypto mining giant Bitmain reportedly closed its Israeli center in December.

However, crypto-lending business have continued to grow. Launched in 2018, BlockFi’s crypto lending product has seen its revenues grown tenfold since June, as recently revealed by BlockFi  CEO Zac Prince. According to Business Insider, another crypto loans company, Salt Lending, issued $54 million in loans by the end of 2018, and is planning to expand its team by 25 percent this year. Recently, Novogratz — who is both Galaxy’s founder and CEO — has increased his shares of the company by up to 79.3 percent of ordinary shares assuming their conversion, which reportedly amounts to 221.2 million ordinary shares.

Article Produced By
Helen Partz

Helen is passionate about learning languages, cultures and the Internet. She has years of experience working at international online advertising projects. Growing interested in Bitcoin and cryptocurrencies in late 2017, she joined Cointelegraph as a writer.

https://cointelegraph.com/news/ceo-of-blockchain-media-company-poet-leaves-for-washington-post

Things Are Not Looking Good in India

Things Are Not Looking Good in India
Large Indian Bank Clamping Down on Cryptocurrencies
  

One of the largest banks in India

is asking its users to consent that they won’t be using their accounts to trade Bitcoin or other cryptocurrencies. The bank also asks for authorization to immediately shut down an account if it’s associated with digital currencies.

On April 6th, the Reserve Bank of India (RBI) ordered all regulated financial institutions to refrain from working with cryptocurrency-related businesses of any kind. The move was met with a swift response from the industry which challenged the order. However, a few months later, on July 3, the Supreme Court of India upheld the ban, delivering a heavy blow to the entire field.

It wasn’t long before this took its toll on the industry. In October, India’s very first Bitcoin ATM was shut down and both of the founders of the company which operated it were arrested. In December, Live Bitcoin News reported that the country is allegedly planning to end its statewide cryptocurrency ban. Purportedly, the Government has created an interdisciplinary committee which is figuring out ways to legalize and regulate the cryptocurrency industry instead of banning it straight away. However, a month later, one of the country’s biggest banks has also gone against crypto.

HDFC Jumps on the Anti-Crypto Bandwagon

A Twitter user CryptoIndia YT (@Cryptoindia) shared that HDFC has requested users to confirm that they won’t use their bank accounts for trading Bitcoin or any other cryptocurrency. Additionally, the bank has also requested its clients to “authorize the bank to close the above account without any further notice if it is observed in future that transactions have been carried out for Bitcoin/virtual currencies.” HDFC is currently the third largest bank in India and it has around 89,000 employees throughout its branches.

Article Produced By
Joshua Morris

https://www.livebitcoinnews.com/large-indian-bank-clamping-down-on-cryptocurrencies/

 

Ex-Soviet State Uzbekistan Considers New Crypto Move

Ex-Soviet State Uzbekistan Considers New Crypto Move

Uzbekistan cash.
The country’s new Digital Trust fund is studying raising funds via security token offerings.

The former Soviet state of Uzbekistan, finally under new leadership after decades of Islam Karimov running the show, has discovered cryptocurrency at a time when no one seems to want it. No, they are not launching a cryptocurrency like Venezuela’s Petro coin or the breakaway province of Abkhazia’s coin plans over in the nation of Georgia. New president Shavkat Mirziyoyev says crypto is legitimate tender, at least for cryptocurrency traders. He legalized exchanges in the Central Asian nation in September and created a fund that same month to invest in blockchain-related startups and research and development called Digital Trust. Other than being an investment vehicle for new technology, Digital Trust is stepping on the crypto bandwagon in trying to bring security token offerings (STO) to a country few in the crypto world have even heard of.

Uzbekistan may not be on anybody’s radar, but its foray into STOs are another testament to crypto being akin to a potential godsend for raising capital in emerging and frontier nations like Uzbekistan. “We are looking very carefully at STO and just starting to build the framework for it,” says Bobir Akilkhanov, investment director at Digital Trust. “We understand that ICOs were a hype tool for investors, with no assets to back up those coins. STOs are more of a legitimate investment because you can tokenize your assets. We are working on the laws to build the market. We don’t want to hurry through it and make all these mistakes and have something that is not useful.”Uzbekistan’s President Shavkat Mirziyoyev launched a blockchain fund in September, two years into his presidency. Crypto exchanges and trading is legal in Uzbekistan. (AP Photo/Alexander Zemlianichenko) photo credit: ASSOCIATED PRESS

He did not disclose the funds assets under management. And they have no STOs or cryptocurrencies in the portfolio. Right now, this is just Uzbekistan testing the blockchain waters, which is separate from the muddy crypto waters, of course. Neighboring country Kazakhstan is doing the same with blockchain so as not to miss anything. One of their core holdings in the fund is Delta City, a large scale real estate project in Tashkent with all the smart-city bells and whistles … and no tokens.

Uzbekistan traditionally attracts investors from South Korea, China and Russia. For crypto and blockchain, the ones showing interest are from China, Hong Kong, Japan, South Korea and Singapore. STOs are sort of like the grown-up, Wall Street-ish version of the initial coin offering, the cryptocurrency market that ushered in the euphoria for crypto between 2016 and 2017 until that bubble burst in 2018. Coindesk, one of the premier publishers of crypto/blockchain news, hasn’t published a story about an ICO since December 5, and before that … November 14. If cryptocurrency investing is ever to professionalize, it needs traditional investors, and traditional investors seem to prefer the STO.

Digital Trust says it ideally wants to see if they can raise money for Uzbekistan assets in STO offerings, either belonging to private or public companies. The fund is currently looking to establish partnerships with leading blockchain service providers where they can test drive a homegrown STO market.Workers operate sewing machines at the Platinum Moynaq Cotton Cleaning Factory in Uzbekistan in March 2018. Proponents of cryptocurrency say that poor countries will have an easier time raising money from foreign investors via cryptocurrency. Photographer: Taylor Weidman/Bloomberg photo credit: © 2018 Bloomberg Finance LP© 2018 Bloomberg Finance LP

“Companies can raise money the old-fashioned way too, through bond offerings. But STOs are an interesting avenue because it makes some of your state assets more readily accessible to foreign investors,” says Igor Khmel, CEO and founder of BankEx in New York, a fintech company providing STO services. “For the same reason you are using a smartphone instead of a rotary phone, STOs are faster, cheaper and more efficient because of the blockchain-based securitization of assets. They are easier than an initial public offering, easier than venture funding and more accessible than the bond market."

Some are suggesting that STOs could help $1 trillion of assets migrate onto various blockchain platforms before the end of the decade. Like the dying ICO market, STOs have true believers. “If it plays out the way I think … it is likely to be the greatest investment opportunity humanity has seen in this era,” CEO of Polychain Capital in San Francisco, said during a panel discussion at the Web3 Summit in Berlin in October.Olaf Carlson-Wee, founder and chief executive officer of Polychain Capital. STOs are “the greatest investment opportunity” in crypto. Photographer: David Paul Morris/Bloomberg photo credit: © 2017 Bloomberg Finance LP© 2017 Bloomberg Finance LP

According to a report in Longhash, a blockchain news and information portal with offices in Shanghai and Hong Kong, OpenFinance Network and tZERO are STO-focused exchanges set to offer a flood of listings in 2019. Coinbase recently acquired a broker-dealer license and an alternative trading system license, along with a registered investment advisor license, out of the expectation that cryptocurrency investing and fundraising is far from dead. Binance plans to launch an STO trading platform with the Malta Stock Exchange. And in Uzbekistan, BankEx is the early entrant in an otherwise tiny crypto market. Digital Trust brought them there.

“The main thing about these markets is you have to have open networks, which makes it kind of borderless, so it doesn’t matter where you are anyway,” says Diego Gutierrez Zaldivar, founder of RSK Labs in Argentina and a well-known bitcoin guru throughout Latin America. “Blockchain is just the combustion engine to all these things related to cryptocurrency, but you need the full car. You need an internet of value for all of these investment plans to come to fruition,” he says, adding that countries where economies are volatile are more apt to see crypto thrive over time, so long as the infrastructure exists to make it happen.

The Uzbek currency, the som, is relatively stable. It was allowed to free-float under the new government and lost over half of its value in the process. But since September 2017, it’s been relatively steady between 8,000 and 8,300 to the dollar. Their GDP growth rate has been over 5% since 2004, according to the World Bank. It’s poorer than India, with a GDP per capita of less than $1,600. It would take the average Uzbek a year to buy half a Bitcoin.

“Our goal is to starting our STO platform in niche markets, or niche regions like Uzbekistan,” says Khmel. BankEx is also present in the crypto havens of South Korea and Japan. They are moving into Thailand mainly for digital-asset custody. “Uzbekistan is different. We will be doing STOs there. The government wants to become a blockchain-centric government,” he says. “Each country has something unique to offer, I think. They can become one of the main markets in the region for companies considering STOs. We are taking the first steps with them to make it happen.”

Article Produced By
Kenneth Rapoza

Kenneth Rapoza

Volume of Crypto is Dropping is Bitcoin Headed Below 3000?

Volume of Crypto is Dropping, is Bitcoin Headed Below $3,000?

  

In the last 48 hours,

the volume of the crypto market has dropped from $15 billion to $13 billion as the Bitcoin price fell below the $3,600 mark. Analysts have started to demonstrate concerns regarding the declining volume of digital assets and the potential scenario of cryptocurrencies free falling without significant sell pressure from bears.

Is $3,000 Inevitable For Bitcoin?

Generally, traders in the crypto market expect a lackluster year with low volatility, at least until cryptocurrencies escape the last stage of a 12-month-long bear market and initiate a strong accumulation phase. In the short-term, however, many traders envision most cryptocurrencies including Bitcoin testing key support levels in a low price range.

A cryptocurrency trader Josh Rager wrote:

As the volume continues to slowly descend Bitcoin could see more sideways ranging This could last for days or weeks until a decrease in buyers, currently holding up the market, at these levels. Nice support below $3,000 with lots of buyers waiting there.

Currently, following an intense sell-off on January 11, the crypto market is demonstrating stability in the range of $122 to $124 billion. But, the combined valuation of all cryptocurrencies in the global market is down nearly $100 billion since November 2017 and the asset class is struggling to demonstrate signs of a trend reversal. Considering the lack of momentum of cryptocurrencies and the inability of dominant digital assets in the likes of Bitcoin and Ethereum to breakout of important resistance levels, a cryptocurrency technical analyst DonAlt suggested that 2019 may turn out to be a boring and a low volatile year.

“I’ve been relatively inactive this year – for one reason – there just hasn’t been too much to trade. I wouldn’t be surprised if ’19 plays out like this, boring, choppy and frustrating to trade. The worst thing you can do is force trades when your system doesn’t give you any,” the analyst said. As Bitcoin approaches the low $3,000 region, similar to its corrective rally in mid-December, it may initiate a relatively sharp recovery triggered by big buy walls on major cryptocurrency-to-fiat exchanges such as Coinbase and Bitstamp.

How About Other Cryptocurrencies?

If Bitcoin continues to fall below $3,500 and possibly to its 12-month low at $3,122, cryptocurrencies with low market caps and daily volumes are expected to experience intensified downward price movements against both Bitcoin and the U.S. dollar. Digital assets that have shown strong upward price movements in the past several weeks due to product launches and protocol upgrades including TRON and Ethereum have already begun to drop in value, affected by the negative sentiment surrounding the short-term trend of the cryptocurrency market.

The price movement of Bitcoin, until the January 11 correction, was seen as a positive short-term breakout above $4,000. But, based on the intensity of the sell-off over the past week, it will likely have a minimal impact on the performance of the asset class in the weeks to come.

Article Produced By
Joseph Young

Hong Kong-Based Finance and Cryptocurrency Analyst. Contributing regularly to CCN and Hacked. Providing unique insights into the crypto and fintech space since 2012.

https://www.ccn.com/volume-of-crypto-is-dropping-is-bitcoin-headed-below-3000/

THE RESULTS of the reddit cryptocurrency survey – a comparison of opinions demographics and portfolios of redditors from different subreddits

THE RESULTS of the reddit cryptocurrency survey – a comparison of opinions, demographics and portfolios of redditors from different subreddits

  

One month ago I posted a survey of over 40 questions

to a range of different cryptocurrency subreddits and collected just over 300 responses. Since then I have processed the data and taken a look at the different demographics, opinions and portfolios of different users as well as comparing the results from different subreddits. This post is the results of this survey.

In this post I have condensed the results to a number of key stats and graphs. If you want to take a look at the graphs or read the discussion, they can be found in the full report. For the graphs, just scroll down to each section in the report and you will see them.

How do steemit users compare to reddit users?

I don't know so I have set up an almost identical survey for all steemit users to respond to if they like. If I can collect enough responses then I will make a comparison post like this one comparing reddit users and steemit users! If you would like to fill out the survey, you can do that here.
The live raw data collected from this survey can be found here:

Key Stats:

Section 1: Reddit and social media use

• Two thirds of cryptocurrency subreddit users frequently browse non-crypto related subreddits.

• Over 70% of cryptocurrency subreddit users used reddit previous to finding out about cryptocurrencies.

• For 1 out of every 8 cryptocurrency subreddit users, reddit is the only social media platform they use to keep up with crypto.

• 94% of cryptocurrency subreddit users check the price of their cryptocurrencies daily!

• Over 40% of cryptocurrency subreddit users check the price of their cryptocurrencies over 10 times per day and 80% check the prices at least 3 times per day.

Section 2: Demographics

• 95% of cryptocurrency subreddit users are male.

• The median age of cryptocurrency subreddit users is between 26 and 30 years old.

• Almost 50% of cryptocurrency subreddit users are from Europe and another third are from North America.

• Over 75% of cryptocurrency subreddit users either have a University degree or higher or are currently studying at University (University is the same thing as college for any Americans reading this).

• More cryptocurrency subreddit users are living off money they made from crypto than there are users who work in the blockchain industry.

• Over 20% of cryptocurrency subreddit users are students, of these students, 60% of them are at University.

• Nearly 40% of cryptocurrency subreddit users consider themselves gamers.

• 2 of the 331 cryptocurrency subredditors sexually identify as an attack helicopter. It is fair to say that I have learned not to add an “other” gender option in future surveys!

Section 3: Experience and interest in cryptocurrencies

• 70% of cryptocurrency subreddit users consider themselves HODLers.

• Decentralisation is the main ideological reason for cryptocurrency subreddit users to be into crypto and blockchain tech.

• 36% of cryptocurrency subreddit users got into cryptocurrencies in 2017 and 27% got into crypto in 2013.

• 45% of cryptocurrency subreddit users have previous experience in the stock market.

• The average cryptocurrency subreddit user is into crypto for the money but still has a significant interest in blockchain tech.

• Most cryptocurrency subreddit users consider themselves very likely to mention cryptocurrencies to a friend.

Section 4: Crypto Portfolio

• The median cryptocurrency subreddit user has somewhere between $5,000 and $20,000 invested in cryptocurrencies.

• Nearly 45% of cryptocurrency subreddit users have invested either less than 10% or more than 90% of their total savings in crypto.

• Nearly 10% of cryptocurrency subreddit users would rather not share what price category the size of their investment in crypto fits into for this semi-anonymous survey.

• 80% of cryptocurrency subreddit users have made a profit off their crypto investments.

• 60% of cryptocurrency subreddit users who invested in crypto after June 30th 2017 have made a profit off their crypto investments.

• 60% of cryptocurrency subreddit users own altcoins outside the top 10 coins by market cap.

• 50% of cryptocurrency subreddit users own 3 cryptocurrencies or less.

• Nearly 30% of cryptocurrency subreddit users have invested in an ICO before.

• The average (median) cryptocurrency subreddit user is signed up for 3 cryptocurrency exchanges.

• For just one third of cryptocurrency subreddit users, altcoins outside the top 10 coins make up more than 10% of their portfolio.

Section 5: Cryptocurrency Knowledge

• Most cryptocurrency subreddit users believe that they understand blockchain technology quite well.

• More than 50% of cryptocurrency subreddit users have fully read a whitepaper.

• Over 75% of cryptocurrency subreddit users know of Satoshi Nakamoto, Vitalik Buterin and Charlie Lee and who they are.

Section 6: Opinion

• Most cryptocurrency subreddit users think that 3-5 of the current top 10 cryptos will still be in the top 10 in 3 years.

• Nearly 40% of cryptocurrency subreddit users don’t support SegWit2x.

• Just 10% of cryptocurrency subreddit users have an unfavourable opinion of Bitcoin.

• Nearly 70% of cryptocurrency subreddit users have a favourable opinion of Ethereum.

• More participants have a favourable opinion of Ethereum than Bitcoin.

• More than 55% of cryptocurrency subreddit users have an unfavourable opinion of Bitcoin Cash.

• Almost 75% of cryptocurrency subreddit users have an unfavourable opinion of Bitcoin Gold.

• 50% of cryptocurrency subreddit users have an unfavourable opinion of Bitconnect while a further 47% don’t know how they feel about it or don’t know enough about it to have an opinion.

• 45% of cryptocurrency subreddit users have an unfavourable opinion of Ripple.

• Nearly 55% of cryptocurrency subreddit users have an unfavourable opinion of Ethereum Classic.

Final Section: Subreddit Comparisons

• Over 70% or r/Bitcoin users are opposed to Bitcoin Cash while just under 20% of r/BTC users are opposed to it.

• Over 25% of r/ETHTrader users don't have an opinion of Bitcoin Cash.

• 80% of r/BTC users approve of SegWit2x while just 6% of r/Bitcoin users approve of it.

• Over 50% of both r/Ethereum and r/ETHTrader users don't have an opinion of SegWit2x.

Which Subreddit has the highest rate of ICO investment?
The highest rate of ICO investment by users from r/CryptoCurrency where 38% of users have invested in an ICO.

Which subreddit has the most compulsive price checkers?
The two trading oriented subreddits (r/BitcoinMarkets and r/ETHTrader) had the most compulsive price checkers, with r/BitcoinMarkets having a significantly higher percentage of compulsive price checkers.

Which subreddit rates their crypto knowledge the highest?
r/Cryptocurrency, r/Bitcoin and r/BitcoinMarkets all have similar distributions with the same averages (median of 7 out of 10 and very similar mean values just below 7). r/ETHTrader rated their crypto knowledge the lowest with a median of 6 out of 10 and a mean just above 6 which as about 0.7 lower than the mean values of other subreddits.

Closing Words

That's it! If you want to read through the full report I made or want to see the rest of the graphs, I have left a link to the report where you can find them near the top of this post. I will also leave the raw data and the spreadsheets I used to process the data below if any of you are interested. Finally I’d like to thank everyone who participated and especially those who gave criticisms and feedback on what I covered in the survey and how I formatted it. I’m open to any recommendations for next time and criticisms of this survey so that I can make my next survey better.

Article Produced By
trickybits

https://steemit.com/cryptocurrency/@trickybits/the-reddit-cryptocurrency-survey-a-comparison-of-opinions-demographics-and-portfolios-of-redditors-from-different-subreddits