Majority of Americans is aware of cryptocurrencies

Summary:

• 79% of Americans recognizes cryptocurrencies
• Uzbekistan legitimizes crypto exchanges and trading with digital assets
• Maltese palace worth millions to be sold for Bitcoins

Friday brings calmness on the cryptocurrency market. Significant declines started on Wednesday depressed the capitalization of the whole market. Bitcoin started Friday’s trading with minor losses as well as many of its crypto peers. However, the outlook over the past 24 hours has changed recently as major cryptocurrencies (except Ethereum which moved lower) saw small or moderate rises. The capitalization of the cryptocurrency market stands a little below the $205 billion mark whereas the market capitalization of the most popular cryptocurrency sits around $110 billion. Today, we present news concerning some crypto-related survey, a report from Uzbekistan, and some announcement from Malta.

Let’s start with news from Uzbekistan where the national government legalizes cryptocurrency trading. The presidential order issued on September 2 sets the requirements for cryptocurrency exchanges and allows licensing of such type of entities. Foreign exchanges will have to open subsidiaries with servers in Uzbekistan to run business in the country. What one may find interesting is that crypto-related income will not be subject to taxation.

BITCOIN settled down after large declines in the earlier part of the week. The cryptocurrency price fell back into the range of previous consolidation ranging from around $6300 to around $6500. Source: xStation5

The second piece of news covered today comes from United States. According to YouGov survey company, 79% of Americans are aware of existence of, at least, one cryptocurrency. However,87% of them did not buy, sold or mine any digital asset. Majority of Americans (71%) recognizes Bitcoin. What’s interesting, 48% of surveyed millennials claimed that they would be more likely to use cryptocurrencies as a mean of payment rather than the US Dollar.

ETHEREUM’s price action, just as Bitcoin’s, calmed down. Nevertheless, the cryptocurrency with the second largest capitalization has experienced some losses today. The coin is trading in the vicinity of the $210 handle at press time. Source: xStation5

Last but not least, it is worth to mention that large palace, worth millions of dollars, in Valletta, the capital of Malta, is being offered for sale for Bitcoins. At first glance, nothing is surprising in this announcement. However, the mansion’s price is listed only in Bitcoins  suggesting that the seller is not interested in transaction via fiat currencies. The announced price is 550 Bitcoins.