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Medical Image Cloud Market Expected to Witness High Growth over the Forecast Period 2020 2025 – The Daily Chronicle

The Medical Image Cloud market study recently added by Market Study Report, LLC, offers an in-depth analysis of the current market trends influencing this business vertical. The study also includes market valuation, market size, revenue forecasts, geographical spectrum and SWOT Analysis of the industry. In addition, the report depicts key challenges and growth opportunities faced by the industry bigwigs, in consort with their product offerings and business strategies.

The new report on the Medical Image Cloud market offers a complete assessment of the business scenario and includes vital information regarding the industry such as profit predictions, market share, periodic deliverables, market size, market tendencies, and current revenue.

A brief overview of the performance analysis of the Medical Image Cloud market has been provided in the report. Additionally, the research report includes vital information such as growth rate expected during the estimated timeframe and major drivers impacting the market size. The Medical Image Cloud market research report also offers growth avenues along with inhibiting factors concerning the industry vertical.

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Revealing the pivotal information from regional analysis of the Medical Image Cloud market:

Medical Image Cloud Market Segmentation:

An overview provided in the market report with respect to the key industry indicators:

Main pointers highlighted in the Medical Image Cloud market report:

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An outline of the Medical Image Cloud market based on the product and application spectrum:

Product landscape:

Product types:

Key insights presented in the report:

Application spectrum:

Application segmentation:

Specifics offered in the research report:

Other key pointers provided in the report:

Some details about the competitive terrain of the Medical Image Cloud market include:

Market majors of the industry:

Competitive assessment parameters listed in the report include:

For More Details On this Report: https://www.marketstudyreport.com/reports/global-medical-image-cloud-market-growth-status-and-outlook-2020-2025

Some of the Major Highlights of TOC covers:

Chapter 1: Methodology & Scope

Definition and forecast parameters

Methodology and forecast parameters

Data Sources

Chapter 2: Executive Summary

Business trends

Regional trends

Product trends

End-use trends

Chapter 3: Medical Image Cloud Industry Insights

Industry segmentation

Industry landscape

Vendor matrix

Technological and innovation landscape

Chapter 4: Medical Image Cloud Market, By Region

Chapter 5: Company Profile

Business Overview

Financial Data

Product Landscape

Strategic Outlook

SWOT Analysis

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Medical Image Cloud Market Expected to Witness High Growth over the Forecast Period 2020 2025 - The Daily Chronicle

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Norway Chess to be 1st over-the-board super-tournament since March – chess24

Altibox Norway Chess today announced thatthis years event will be held in Stavanger, Norway from October 5-16. Thepreviously announced 10-player field has been cut to six, but with MagnusCarlsen, Fabiano Caruana, Levon Aronian, Anish Giri, Alireza Firouzja and AryanTari in action the event aims to be the first undisputed super-tournament to beheld in person since lockdowns began in March.

It was announcedin March that Altibox Norway Chess would be postponed from June untilOctober due to the coronavirus situation. With that still so unpredictableany scheduling for such events is an act of faith, but the organisers believeit can go ahead. Their press release includes:

Firsttop-tournament post corona! The world as we know it has changed and people all over the world are facingchallenging times. Sport events of all types have been cancelled as we togetherhave been distancing ourselves to avoid the spread of the virus. For chess,this has been the case as well, where tournaments all over the world have beencancelled. However, chess online has grown exponentially during this period astournaments and other chess events have been organized online. This hascertainly been positive for chess, as it is a perfect sport to follow online!

The time for chess across the physicalboard is back!

Back in March a 10-player field wasannounced, but since then five players have dropped out Ding Liren, IanNepomniachtchi, Maxime Vachier-Lagrave, Wesley So and Shakhriyar Mamedyarov.One has been added, however - the worlds top junior, 17-year-old AlirezaFirouzja. The 6-player field consists of players who all have Europeanpassports or residency:

Since the Candidates Tournament had to bestopped halfway through, elite chess has moved online, most notably with the MagnusCarlsen Chess Tour that is just reaching a thrilling conclusion. With thefirst wave of the virus over in most European countries over-the-board chess isgradually coming back, however, with the BielChess Festival the first to witness a group of international top playerscompete at a common venue.

Altibox Norway Chess, with four of theworlds Top 10 and the hottest junior, is a different prospect.Cutting the field to six players means its now going to be a 10-round doubleround-robin, but the twist of Armageddon after each classical draw remains. Thescoring system will be:

The tournament will be broadcastlive with commentary and video of the players on chess24 and Norwegian TV.

See also:

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Norway Chess to be 1st over-the-board super-tournament since March - chess24

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Chess: Why hasnt India produced another Viswanathan Anand? – Livemint

Anand, who is part of the Indian team for the FIDE (International Chess Federation) Online Olympiad 2020 from 21-23 August, has offered no reviews of his performance. The tournaments online-only format, necessitated by the covid-19 pandemic, meant there were no post-match media interactions either. But for all that he left unsaid, he has been open about his prospects for a while now. In his autobiography Mind Master, released last year, he wrote that hes in the sport for the joy of playing (rather) than the pursuit of ranking. For running into greying old buddies and players old enough to be our sons; for telling the world we still love a good fight; and for the odd title we might luck out on."

At 50, he is the oldest player in top-tier competitive chess from India. The latest FIDE ratings place him 15th in the world; P. Harikrishna and Vidit Gujrathi trail him at 20th and 24th, respectively. Anand has been Indias top-ranked player for most of the past three decades. His hard work, perseverance and ability to play across all formats led to a revolution in Indian chess. When he achieved the grandmaster (GM) title in 1988, it was a first for India. India now has 66 GMs, the fifth highest in the world.

Yet, even as Indias tally of chess GMs increases, most players cant seem to keep up the momentum to excel on the world stage. India only has four players in the world top 100. Among women, who are ranked separately, India has seven players in the top 100. After Magnus Carlsen beat Anand to win the world championship in 2013, no Indian has been able to make it beyond the qualifiers to challenge himexcept Anand himself. Koneru Humpy, ranked second in the world in womens rankings, came closest to the world title in 2011, finishing as a runner-up.

In China, they say Ding Liren can be the next world champion," says Praveen Thipsay, a chess GM from Mumbai and a trainer. In the US, Fabiano Caruana (world No.2) or Wesley So (world No.8) could be that. That way, we dont have too many players whom we can project to be world champions today."

For the most part, chess in India flourished not because of the state but in spite of it. Archaic rules and a chronic lack of funding often came in the wayand still do. Manuel Aaron, Indias first international master (IM), a title short of GM, recalled in an interview with The Times Of India in 2013 that he couldnt go to Delhi to receive the Arjuna Award in the 1960s because of financial constraints. The award came by post. Broken," he added. In 1987, a year before he turned GM, Anand had to wait eight months for permission to import a computer. R.B. Ramesh, a chess GM turned coach, tells Mint he had to pose as a school student at age 18 to secure an internet connection in the late 1990s.

Earlier, a boy taking up chess professionally was considered a gone case," recalls Varugeese Koshy, an IM from Bihar and president of the Chess Players Forum. But as Anand notched up wins and records, it prompted a shift in attitudes. In the past 20-25 years, chess has become an alternative career. Private sponsors started coming in, government companies (like banks, petroleum and railways) started giving players jobs."

Two factors worked in its favour: A chess board came cheap, and many middle-class parents wanted their children to pursue it seriously, even if only in the hope of them landing a government job. In Europe, you dont start getting professional coaching at 7-8. They want their kids to decide," says Thipsay. Here, the advantageor disadvantage, depending on how you see itis that parents dont give much of an option to children."

States like Gujarat and Tamil Nadu, where Anand was born, led the way by making chess compulsory in schools. Today, 24 of the countrys 66 GMs come from Tamil Nadu, including two of the youngest GMs in history: R. Praggnanandhaa and D. Gukesh, both of whom qualified at age 12. In the last 20 years, India has had several successes at world youth chess championships. Since 2000, its men and women chess players have won the under-18 thrice, the under-16 four times, under-14 seven times, under-12 eight times and under-10 nine times. The latest triumph came last year, when 14-year-old Praggnanandhaa won the world under-18 chess championship.

Despite recording high levels of success in youth championships, not many seem to keep up the wins as they turn older. Says Thipsay, The entire system is geared towards making GMs. A sense of complacency seems to set in after."

At the elite stage, a players success can depend on the coaches they can afford. And good coaches come at a cost. According to an ESPN report last month, Vidit Gujrathi pays 400 ( around 35,000) for a 6-hour session. Baskaran Adhiban, ranked fourth in India, pays 60 an hour. Both are employed by public sector undertakings and can afford it, but those without jobs or sufficient sponsorship have to pass up opportunities for quality training.

At the highest level, the opponents look for all kinds of weaknesses of the opponents," says Thipsay. If you dont play well, if, say, you tend to not play well if your C6 square is not protected, they will prepare for that." So the chess body needs to organize tournaments to get the top players, or super GMs", to play against each other, he adds. But in India there are barely any such tournaments organized." An estimated 150-200 players fly to Europe every year for such events. But not everyone can afford it.

P. Harikrishna, the 1996 world under-10 champion, currently ranked second in India, believes the absence of such tournaments did have some impact on his growth curve. He cites the instance of his wins in under-10 and under-14 world chess championships. On both occasions, Teimour Radjabov from Azerbaijan was the runner-up. Today, Radjabov is the world No.9 and a three-time challenger for the World Chess Championship. Harikrishna is world No.20.

At a young age, Radjabov played in the Linares tournament in Spain," Harikrishna says. The tournament, held in Spain every year, is known as the Wimbledon of chess". When you play the best in the world, you learn a lot, no matter how you play.... Its a hypothetical thing to say but had I played such events at an early stage, things might have been much better for me."

Bharat Singh Chauhan, secretary of the All India Chess Federation (AICF), says they have tried to make the most of their resources. Today, he says, the AICF organizes a number of youth championships at the state and national levels. Top-ranked national players are sent abroad for exposure trips", their stay and travel expenses for world tournaments paid for. In recent years, the AICF has also started a sessions for young players parents in an attempt to prevent burn-out among youngsters.

AICFs annual budget is about 8 crore. It costs up to 5 crore to organize a tournament featuring elite players like Anand or Carlsen," says Chauhan. I would rather invest that amount in a chess school and have thousands more players coming up."

A possible solution could be to set up a chess league, on the lines of the Indian Premier League (IPL). Although this is part of AICFs 2020 vision" document, as uploaded on its website, Singh says they ruled out its formation due to some issues". R.B. Ramesh, who quit as chief selector at the AICF last month citing interference", says the federation was unsure chess could be marketed as a spectator sport. However, as Harikrishna points out, several countries like China or Iran have a chess league. You wont believe it, but even Bangladesh does".

The erstwhile Soviet Union had a system backing its players; a similar model is now under way in China. In the US, an academy by billionaire Rex Sinquefield has been leading the chess renaissance in the hope of creating the next Bobby Fischer".

But for all the systemic issues, says R.B. Ramesh, one cant discount the fact that India is one of the fastest growing countries in chess. We started from a point when we didnt have books, internet, media attention or private sponsorships. Today, we are producing three-four GMs every year. That is huge," says Ramesh.

India are seeded seventh in the FIDE Online Olympiad. The average rating of the team (2419) does not reflect our true playing strength," team captain Gujrathi told The Hindu last month. Our juniors are most talented and grossly under-rated (as per rapid ratings)." Although India have only won a medal oncea bronze in 2014Gujrathi said the team this year was among the favourites".

World champions are not produced because we want it," says Ramesh. Anand is a one-time phenomenon. When Bobby Fischer became world champion, chess in the US was non-existent. Norway is the size of Chennai, yet it produced a Carlsen. Given where we started, and where we are, I feel we are just as capable as anyone else."

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Chess Market COVID-19 Impacts to 2020-2027 | The House of Staunton, ChessSUA, CNCHESS, ChessBaron – Scientect

The report presents a thorough overview of the competitive landscape of the global Chess Market and the detailed business profiles of the markets notable players. Threats and weaknesses of leading companies are measured by the analysts in the report by using industry-standard tools such as Porters five force analysis and SWOT analysis. The Chess Market report covers all key parameters such as product innovation, market strategy for leading companies, Chess market share, revenue generation, the latest research and development and market expert perspectives.

For Sample Copy of Reports: https://www.contrivedatuminsights.com/request-sample/48795

The COVID-19 pandemic has disrupted lives and is challenging the business landscape globally. Pre and Post COVID-19 market outlook is covered in this report. This is the most recent report, covering the current economic situation after the COVID-19 outbreak. It highlights the recent market trends, growth in the past decade, and upcoming opportunities in front of the business. The research methods and tools used to analyze the studies are both primary and secondary research. The study further presents details on the funds initiated by different organizations, and industries.

Some of top players influencing the Global Chess market:

The House of Staunton, ChessSUA, CNCHESS, ChessBaron, Shri Ganesh (India) International, Chessncrafts, Chessbazaar.com, Official Staunton, ABC-CHESS.com, Yiwu Linsai.

Global Chess Market Segmentation:

On the Basis of Type:Wooden ChessGlass ChessPlastic Chess

On the Basis of Application:Indoor SportsIndoor EntertainmentOther

Regions Covered in the Global Chess Market: The Middle East and Africa (GCC Countries and Egypt) North America (the United States, Mexico, and Canada) South America (Brazil etc.) Europe (Turkey, Germany, Russia UK, Italy, France, etc.) Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

It helps to examine the different key factors, such as prices and manufacturing base of several industries. Different attributes of working methods are analyzed by considering the different regions, such as North America, Latin America, Japan, China, and India. The research methodologies are used to estimate the workflow. It focuses on the market segmentations, to identify the prospects, distributers and consumers, to enlarge the industries rapidly. Different verticals are considered while analyzing the leading key players of Chess market. Finally, it focuses on drivers and opportunities, which are the pillar of business development.

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Report Content Overview:

-Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors

-Provision of market value (USD Billion) data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

-Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

-Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled

-Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players

-The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

-Includes an in-depth analysis of the market of various perspectives through Porters five forces analysis

-Provides insight into the market through Value Chain

-Market dynamics scenario, along with growth opportunities of the market in the years to come

Advanced Technologies, Trends, In-Depth Analysis, Regional Demand, Growth Strategy, Company Profiled Players

Regionally, this market has been inspected across various regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, and Europe on the basis of productivity and manufacturing base. Some significant key players have been profiled in this research report to get an overview and strategies carried out by them. Degree of competition has been given by analyzing the global Chess market at domestic as well as a global platform. This global Chess market has been examined through industry analysis techniques such as SWOT and Porters five techniques.

Table of Content (TOC):

Chapter 1 Introduction and Overview

Chapter 2 Industry Cost Structure and Economic Impact

Chapter 3 Rising Trends and New Technologies with Major key players

Chapter 4 Global Chess Market Analysis, Trends, Growth Factor

Chapter 5 Chess Market Application and Business with Potential Analysis

Chapter 6 Global Chess Market Segment, Type, Application

Chapter 7 Global Chess Market Analysis (by Application, Type, End User)

Chapter 8 Major Key Vendors Analysis of Chess Market

Chapter 9 Development Trend of Analysis

Chapter 10 Conclusion

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Chess Market COVID-19 Impacts to 2020-2027 | The House of Staunton, ChessSUA, CNCHESS, ChessBaron - Scientect

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Announcing the 2020-2021 US Chess Executive Board | US Chess.org – uschess.org

US Chess is pleased to announce the 2020-2021 Executive Board:

President: Mike Hoffpauir

Vice President: Randy Bauer

Vice President of Finance: Chuck Unruh

Secretary: Ryan Velez

Member-at-Large: David Day

Member-at-Large: Fun Fong

Member-at-Large: David Hater

Executive Director: Carol Meyer

For more information about the Executive Board, including bios and email addresses, please click here.

New President Mike Hoffpauir (he previously served as president from 2017-2018) writes:

"I am honored to be President of US Chess and look forward to a productive and healthy dialog with the membership of our great organization.I am excited about the new Executive Board (EB) and thank the membership for voting into office such strong candidates to replace Allen Priest, Mike Nietman and Hal Sprechman, for whose service we cannot thank them enough.Although we would have preferred to meet in person, this weekend's Special Delegates Meeting demonstrated to us both the power and potential of the Delegates meeting online.We took two big steps as a 501(c)(3) by adding another voting member to the EBand moving to biennial elections; and by creating a Nominating Committee to assist in identifying top-notch candidates for future EB elections. All of us owe thanks to the Governance Task Force for bringing forward these two key governance initiatives."

To see the presentation foroutgoing board members Priest, Nietman, and Sprechman, please see below:

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Announcing the 2020-2021 US Chess Executive Board | US Chess.org - uschess.org

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Humpy: China will pose tough challenge in Chess Olympiad – Sportstar

World No. 2 Koneru Humpy believes India has a very strong side at the online Chess Olympiad beginning on Friday.

The star-studded squad comprises the likes of five-time world champion Viswanathan Anand, Pendyala Harikrishna, Vidit Gujrathi, Dronavalli Harika, R. Vaishali and teen sensations Nihal Sarin and R. Praggnanandhaa.

I am happy to be part of this team and I hope it will be an exciting tournament, Humpy told Sportstar over phone from Vijayawada on Wednesday. India has good chances but in rapid and blitz chess, reputations don't matter much.

India to take on China in online chess battle

India, which has been seeded directly to the top division, has some strong rivals in Group A. China will of course be a tough challenge, she said. But I think Iran, Germany, Georgia and Vietnam have also some very good players.

Humpy said she started to enjoy playing online chess more after the recent Women's Speed Chess Grand Prix series organised by FIDE. She had reached the final of the last leg.

I wasn't too keen about playing online or speed chess earlier, but I am more comfortable after the Grand Prix, she said.

India opens its campaign with what should be an easy match against Zimbabwe. Later on Friday, India will take on Vietnam and Uzbekistan.

Link:
Humpy: China will pose tough challenge in Chess Olympiad - Sportstar

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World’s Best Chess Player: Bitcoin Empowers Individuals to Be More Than Just Pawns to Reckless Governments | Jeffrey Gogo – Foundation for Economic

Bitcoins finite supply compares favorably to agenda-driven printing of money by governments, noted the Avast security ambassador, who also chairs the Human Rights Foundation and the Renew Democracy Initiative.

Speakingto Forbes on the intersection of human rights and new technologies, Kasparov said cryptocurrencies enable the public to regain control of personal finances at a time when unilateral moves by government and institutions are on the rise.

The good thing about bitcoin is that you know exactly the number the magic number of 21 million. And we understand the formula behind that. But when you look at the other side, the Fed for instance, you never know how many trillions of dollars will appear on the market tomorrow that will damage your savings, he observed.

Kasparov said cryptocurrencies potential for abuse gets overstated but it is the upside which must be harnessed to empower individuals. Crypto offers means to protect personal finances against inflation and state interference and anything that can offer us the opportunity to take back control or some control of our privacy is always welcome, the chess grandmaster said.

Thats why I think the steady rise in popularity of bitcoin and other cryptocurrencies and blockchain technology as a concept is inevitable, because its a response to the shift of power from individuals to states or other institutions that may act on our privacy without our consent, he added.

As chairperson of the Human Rights Foundation, Kasparov has promoted blockchain and cryptocurrency as a means to empower dissidents around the world.

For us, it was important for us to address every violation of human rights, and we were trying to help these people, most of them under severe attacks by their governments even if they left their countries, their financial accounts were hacked, their information was stolen so we have been providing special training courses.

He continued: Weve invited famous hackers to help them and to work with them we have been using every opportunity to offer them extra protection, and of course blockchain and bitcoin were very natural choices to incorporate into this strategy.

Kasparov also criticized the discriminatory treatment of customers from one territory to the other by tech giants and encouraged internet users to practice digital hygiene to stay safe from governments and other third parties.

This article was reprinted from Bitcoin.com

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World's Best Chess Player: Bitcoin Empowers Individuals to Be More Than Just Pawns to Reckless Governments | Jeffrey Gogo - Foundation for Economic

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Digital Dollar To Be In Competition With Bitcoin – Forbes

Digital dollars and central bank digital currencies are fast becoming a reality, with China this month reportedly expanding a pilot program for its digital yuan.

While the U.S. has barely even begun thinking about a digital dollar, its potential implications have generated extensive debate, with a former governor of the Reserve Bank of India, Raghuram Rajan, saying bitcoin and Facebook's libra cryptocurrency may eventually be "in competition" with central bank digital currencies.

Central bank digital currencies, led by China, are poised to change the way countries distribute and ... [+] manage money, with some taking inspiration from bitcoin, Facebook's libra and other cryptocurrencies.

"I would like to think that [bitcoin and libra] are also in competition with the central bank digital currency," Rajan, who served as the International Monetary Fund's chief economist before taking the top job at India's central bank, told CNBCs Beyond the Valley podcast this week.

Central bank digital currencies, sometimes referred to as CBDCs, are expected to work just like regular coins and notes issued by central banks but exist entirely online, with the U.S. Federal Reserve potentially issuing digital dollars via Fed accounts.

The race to create a working central bank digital currency was kick-started by Facebook's announcement of its libra cryptocurrency last year, however the social media giant was forced to curtail its ambitious plans after central bank governors around the world balked at the idea.

"The worry with libra was that, in its early forms, it was on the one hand very ambitious in what it wanted to do but very vague in what the safety precautions would be," Rajan said, explaining Facebook wanted to "become a world currency" without telling anyone how data would be protected or what safety mechanisms it would use.

"That's the worst possibility for central bankers: something that's going to take over the world but we have no strong confidence in that risks would be contained."

Rajan expects competition between central banks will drive CBDC development over coming years, with countries worried rival currencies might displace their own if they don't keep upbut private currencies such as bitcoin and libra will continue to exist.

"Different private currencies will do different things and it may be bitcoin has value going forward just as a store of value," Rajan said, with Facebook's libra perhaps used for "transacting" while bitcoin is used as a "speculative asset," similar to gold.

Bitcoin's value has soared over recent years, with the bitcoin price climbing to around $20,000 per ... [+] bitcoin in late 2017. While the bitcoin price has fallen by almost half since then, it is increasingly being used a store of value by investors.

This is a view echoed by many in the bitcoin and cryptocurrency community, with bitcoin investors often championing it as "digital gold" and investors increasingly flocking to bitcoin in times of heightened risk.

"CBDCs and bitcoin represent opposite ends of a spectrumfrom centralized extensions of the legacy financial system to a trustless, decentralized alternative that derives value from broad consensus," Diogo Monica, president and co-founder of Anchorage, a cryptocurrency custodian and member of libra's governing council, the Libra Association, said via email.

"While competition is inevitable, it wont be winner-take-all," Monica added. "Well likely witness the adoption of multiple assets all along the spectrum based on their utility, as well as other geopolitical factors."

Rajan also expressed concern that CBDCs could result in government overreachsomething else that bitcoin supporters argue cryptocurrencies help to offset.

"The beauty of the cash in our hands is that it's anonymous," Rajan said, asking, "even if you're not doing anything illegal should the government know the details of every transaction you make?"

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Digital Dollar To Be In Competition With Bitcoin - Forbes

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Bitcoin and Economic Uncertainty: Patience Is the Name of the Game – Cointelegraph

As whispers of Bitcoins (BTC) promised financial breakthrough failing to materialize over the last few months have continued to garner steam, the price of the premier crypto asset recently surged above the all-important $12,000 psychological threshold, only to once again slip right under.

However, as part of this development, the total cap of the crypto market reached an impressive $386.4 billion, a level only attained back in 2018. That being said, a multitude of factors, such as poor investor perception and lack of regulatory direction, seems to be preventing the market from flowering as previously envisioned by many experts.

In this regard, Sam Tabar, co-founder of decentralized P2P token trading network Airswap and ex-managing director for Bank of America in the APAC region, believes that while there is a long term structural upside for Bitcoin, there will be cyclical ups and downs like with any nascent asset class. However, the primary issue holding traditional capital market participants from entering this market is information asymmetry: Certain players aka whales control most of the market and have created massive market spikes or collapse. Market gyrations are ok, but massive information asymmetry is not.

Expounding his views on the matter, Ariel Zetlin-Jones, associate professor of economics at Carnegie Mellon Universitys Tepper School of Business, told Cointelegraph that a primary headwind against cryptocurrency demand continues to be the COVID-19 pandemic, especially as more people start to face the economic uncertainty. He further added that its only natural that during uncertain times, not many casual investors would be willing to invest their life savings in a highly volatile asset class such as Bitcoin.

Amid the pandemic, the United States dollar has thus far maintained its strength, in part, due to being the worlds reserve currency, and as long as countries continue to see the U.S. as a global powerhouse, its monetary value will continue to remain strong regardless of the recent stimulus packages.

However, in terms of the dollars recent performance, there have been some hiccups. For starters, the U.S. dollar index is currently at 93.2, down nearly 10% from its peak in March. Also, due to being a global reserve currency, the dollar tends to increase in value during downturns, complicating assessments of its performance at such times.

Furthermore, increasing social and political tensions along with incessant printing of dollars are creating conditions that can potentially form a bubble of hyperinflation in the foreseeable future. The situation has pushed some major investors like Warren Buffett, the CEO of Berkshire Hathaway, to trim his companys position in banking and investing heavily in stable stores of value such as gold.

Buffetts decision to completely close Berkshires position on Goldman Sachs also comes at a time when the financial institution recorded its second-ever highest quarterly trading revenue of $13.3 billion, thereby suggesting that Buffett and his associates are not comfortable with the idea of betting big on the long-term prospects of the banking industry. Ryan Taylor, CEO of the Dash cryptocurrency, told Cointelegraph:

The U.S. is not the only country to undergo massive stimulus in 2020. Also, in times of crisis demand for USD tends to spike globally. These two considerations give the U.S. a lot of leeway to inflate supply without immediately devaluing the dollar. However, we are starting to witness signs that inflation is a risk. Certainly the massive stimulus started by inflating asset prices, including equity and debt. And just last week the U.S. CPI for July registered the highest monthly growth rate since 1991.

Even though many naysayers have repeatedly pointed out the fact that BTC has failed to surge exponentially and reach new all-time highs despite the economic conditions being ripe for it, the cryptocurrency market as a whole seems to be having a stellar year.

For example, Ether (ETH) has quadrupled in value, rising from $105 to $440 since hitting relative lows earlier this year in March. Similarly, currencies like Bitcoin, Ripple (XRP) and Dash are up by 72%, 50%, 124%, respectively, while many other smaller cryptocurrencies, especially in the decentralized finance sector, are seeing triple-digit growth as well.

Tabar believes that cryptos strong performance can be gauged in terms of the fact that some family offices have started to include BTC in their portfolio holdings. Not only that, certain neo-banks like Revolut and easy access investment apps such as Robinhood have also enabled easier access to crypto. This suggests that the next generation of young investors may eventually help spur the adoption of this asset class. In comparison to traditional commodities, Taylor has pointed out that crypto has outpaced most precious metals, like silver, which is up about 54% year-to-date:

Other precious metals are generally below 40% returns, especially if they have industrial uses. I suspect the attention of the general public continues to be fixated on the performance of stocks and bonds that makes up their retirement portfolios.

Also, Bitcoin has fared much better in comparison to oil than many fiat currencies, as oil prices have dropped due to negative growth in the economy influenced by the ongoing COVID-19 pandemic. Statistically speaking, the year-to-date price of oil is down 32%. Furthermore, when compared with the S&P 500 (which is up +5.8%), Bitcoins year-to-date return currently sits at around 71.2%. Peter Goodrich, tax manager at U.S. accounting firm Prager Metis, told Cointelegraph:

When comparing the top market cap cryptocurrencies like Bitcoin, Ethereum, XRP to precious metals like gold and silver, there are increasingly positive correlations being witnessed between both markets that were accompanied by delayed market impulses.

Zetlin-Jones also pointed out that leading cryptocurrencies are appreciating relative to USD, gaining almost 0.3% per day on average over the past 90 days in comparison to May 2020, beating out the S&P 500 that has posted an average daily gain of 0.05%. However, Denis Vinokourov, head of research for digital asset exchange and brokerage firm Bequant, believes that since gold does not really compete directly with oil, Bitcoin too should not be related directly with traditional commodities: It has properties that others do not and that is its strength, putting Bitcoin against the rest of the market is like comparing apples to oranges.

While its still far too early to judge, Taylor believes that with each passing month, expectations of inflation will continue to increase, leading many investors to seek out inflation-resistant commodities like top-tier digital assets. I personally believe that were in the early stages of a bull run thats actually moving along quite steadily, he said. Also worth remembering is that the last major crypto bull run started in about mid-2015 and built up gradually to explode in the second half of 2017, suggesting that an overnight surge is unrealistic.

Lastly, despite increasing adoption, there are still a lot of challenges for the masses when it comes to owning cryptocurrencies. For example, opening a digital wallet or even a crypto trading account is still not as easy as many would like to think. Commenting on the subject, Mike Onghai, serial entrepreneur and seed investor for Coinbase and TZero, told Cointelegraph:

If you look at history, it took about 20 years for cell phone web browsing to become as easy as it is now today. It took web browsing several years to go from Netscape to where it is now. Ease of owning cryptocurrencies will take some time. [...] The digital assets age still feels early it feels like 1995 in the web browser era (after Netscapes crash).

A somewhat similar opinion is shared by Vinokourov who believes that most people tend to forget the relatively young age of Bitcoin as well the rest of the market. Not only that, while Bitcoin and other digital assets have shown their worth during times of geopolitical and economic uncertainties, these assets are still considered to be much riskier by most:

There has only really been one cycle of initial coin offerings that did attract substantial interest from traditional firms. The core market may not be as hot at the moment, but another area of the market that has attracted VC money recently is decentralised finance (DeFi). Its always helpful to remember that this is a marathon, not a sprint.

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Market Wrap: Bitcoin Dips to $11.6K, ETH Options Predict Price Below $400 by End of Year – CoinDesk – CoinDesk

Bitcoin traders are hitting the sell button Friday while the ether options market loads up on lower prices.

After holding around $11,800 Thursday into Friday, bitcoin started to slide downward around 08:00 UTC (4 a.m. ET), dropping to a 24-hour low of $11,605. Spot volumes were lower to cap off the workweek. It was $138 million on major spot USD/BTC exchange Coinbase, lower than its $179 million average over the past month.

Over-the-counter crypto trader Henrik Kugelberg expects a bullish, if not record, fourth quarter ahead for bitcoin, even if the number of sluggish market days pile up. I expect a slower curve but would not be surprised if we reach a $15,000 BTC in October and somewhere around $18,000-$20,000 at year end.

Kugelberg points to the uncertain economy as giving people reason to swap fiat for crypto investments. Theres the falling value of the dollar to be priced in; we have not seen the end of the dollars fall that is for sure, he added. Indeed, while the U.S. Dollar Index, a measure of the greenbacks strength versus a basket of other fiat currencies, is up 0.52% Friday, its still at lows not seen since June 2018.

In the bitcoin options market, Neil Van Huis, director of sales and institutional trading at liquidity provider Blockfills, noted volatility decreased this week. Bitcoins at-the-money implied volatility, which is a metric to forecast movement in prices, has dropped from 71% Monday to 59% Friday. Looks like some normalization of volatile trading as of late, Van Huis said.

Opportunities in Ethereum-powered DeFi are taking some traders focus away from the bitcoin market, Kugelbrg told CoinDesk. The crypto community is in a total FOMO to DeFi-related altcoins, said Kugelberg. I believe the run-up for bitcoin may be slower than expected and fueled by retail sales to newcomers wanting a somewhat steadier haven.

Ether options market bearish

Ether (ETH) was down Friday, trading around $399 and slipping 3.8% in 24 hours as of 20:00 UTC (4:00 p.m. ET).

The ether options market is predicting prices by the end of 2020 wont be much higher than they are now for the worlds second-largest cryptocurrency. December 20 maturities only give ether a 25% chance of being over $520, a 38% probability of being over $420 and a 41% chance of being over $400, according to data aggregator Skew.

Despite the probabilities, Jean-Marc Bonnefous, managing partner for Tellurian Capital, which has been investing in crypto projects since 2014, is still bullish on ether. He doesnt see Ethereums fundamental issues, such as fees constraining the network, as anything but a speed bump on the fast-moving DeFi highway. Structurally, no, said Bonnefous. But short term, ether needs a new trigger to go higher.

Other markets

Digital assets on the CoinDesk 20 are mixed Friday. Notable winners as of 20:00 UTC (4:00 p.m. ET):

Notable losers as of 20:00 UTC (4:00 p.m. ET):

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Market Wrap: Bitcoin Dips to $11.6K, ETH Options Predict Price Below $400 by End of Year - CoinDesk - CoinDesk

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