News Over 100 Million People Worldwide Use Cryptoassets

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Over 100 million people worldwide use cryptocurrencies, according to the recent research from the Cambridge Centre for Alternative Finance. As of the 3rd quarter of 2020, 101 million users opened 191 million accounts on cryptocurrency exchanges, compared with 35 million users with 139 million accounts in 2018. “This 189% increase in users may be explained by both a rise in the number of accounts (which increased by 37%), as well as a greater share of accounts being systematically linked to an individual’s identity, allowing us to increase our estimate of minimum user numbers associated with accounts on each service provider,” researchers explained. >>>

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Samsung to Test Blockchain-powered Medicine Distribution Management
Samsung SDS has unveiled its plans to test series of projects for blockchain-powered medicine distribution management this November. The tests are aimed at ensuring transparency of pharmaceutical products tracking. Dubbed “Disruptive innovation technology for tracking drug distribution history,” the Samsung’s pilot programs were announced at the BioPharma Cold Chain Logistics session in Seoul, South Korea. The pilots will take up up to six months. Samsung SDS officials told that they’ve already received applications for the pilots from “several” pharmaceutical firms in South Korea. In case of success, the pilots will be commercialized after passing domestic and foreign regulatory compliance in June of next year.

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Huobi cryptocurrency exchange has introduced a trading app targeted entirely at the Russian market. The Huobi app allows Russian traders to get access to various trading pairs along with different trading methods, such as limit and market orders. The app also provides users with price alerts, candlestick charts, real-time prices, 24/7 customer support.The app is available for both Android and iOS mobile device. Today, Russian-based users account for 10 percent of the total spot trading volume on Huobi. The exchange wants to expand further into the Russian market by providing local traders with trading services in a native mobile format. “We are committed to the Russian markets despite recent speculation that the Russian Government intends to regulate the crypto space,” Ciara Sun, the Vice President for Global Markets at Huobi Group stated.

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