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Cryptocurrency is rising high in 2020. Since March this year, Cryptocurrency is on an upward trend. The current price of one Bitcoin is more than $18,000. It may touch $20,000 by December end. Experts are predicting the value of Bitcoin may reach $100,000 by 2025.
Cryptocurrency is a Blockchain-backed digital currency. It uses cryptography that ensures secure transactions. It is a decentralized peer-to-peer system. Bitcoin is the most popular Cryptocurrency in the world. Several other Cryptocurrencies are in use. It is not under any regulatory framework. Hence, there is a market risk in Cryptocurrencies.
We have always seen the rise and fall of Cryptocurrency throughout its history. Many big companies and organizations are entering the crypto market. Several financial institutions especially 
banks are embracing crypto in the last few years. Amazon, Microsoft, Square, BMW, Google, Citigroup, PayPal, have one thing in common. They all have already joined the crypto market.
banks are embracing crypto in the last few years. Amazon, Microsoft, Square, BMW, Google, Citigroup, PayPal, have one thing in common. They all have already joined the crypto market. Since its start in 2009, the first Cryptocurrency of the world, i.e. Bitcoin has seen a mixed fate. Crypto enthusiasts are very optimistic about it. They feel it has the potential to be the numero uno currency of the digital finance world. Amidst accolades, it has also seen resistance. Many skeptics are apprehensive of Cryptocurrency. Besides that, we have also seen illegal and criminal activities using crypto. Therefore, let us discuss the dark side of crypto.
The Dark Side of Cryptocurrency
Nobody talks about the darker side of Cryptocurrency. Mark Twain once said, “Every man is a moon and has a side which he turns toward nobody. You have to slip around behind it if you want to see it.”
Cryptocurrency has the following dark sides that need to watch for:
Lack of Security In Case of Any Loss
Bitcoin is a very safe and secure investment. Tampering with information is impossible. Blockchain and other technologies are behind the success of Cryptocurrency. But, if any hacker by chance steals your money then there is no way to get it back. Unlike physical currencies, crypto is not managed by any central authority.
The market is not regulated
Crypto trading is not under any central controlling authority. Till now, there is an absence of legal market 
regulations to handle Cryptocurrencies. Most governments of the world are skeptical about its feasibility. Except for Mexico, no other government has shown much interest in it.
regulations to handle Cryptocurrencies. Most governments of the world are skeptical about its feasibility. Except for Mexico, no other government has shown much interest in it.Crypto Market is Fluctuating
The price of crypto is very fluctuating. We have seen a sudden collapse in price after continuous accent for months. This kind of trend is happening time and again. For some people, it is an avenue for investment. But for the majority of people, it is still an “unofficial currency”.
Difficult to Understand
Many small individual investors don’t have a clear understanding of Cryptocurrency. The functioning of crypto and Blockchain is not easy for many.
The currency was used for money laundering, terrorism activates, and many other illegal activities. The US authorities closed AlphaBay in 2017. AlphaBay was responsible for the illegal trafficking of drugs, firearms, hacking tools, etc.
Bitcoin price is shooting up in 2020. It is reaching new heights now rallying since March this year.
The price of this digital currency has been fluctuating. We have seen a rise and fall in Bitcoin price throughout its history.
As of November 19th, the price of one Bitcoin is $18,114.48. In March it was about $5,000 when the market nosedived. According to crypto pundits, the Bitcoin price may reach the $20,000 mark by December end.
The Prediction: $20K in 2K20
Bloomberg Research in its Bitcoin Report:2020 has a prediction on Bitcoin price. According to the premier research institute, the price of Bitcoin will see a new height of $20,000 by the end of the 
year. McGlone from Bloomberg Research has opined that the Bitcoin price will touch $100,000 by 2025.
year. McGlone from Bloomberg Research has opined that the Bitcoin price will touch $100,000 by 2025.Reasons behind Bitcoin rise
Sound technical structure
Bitcoin is operated by a technology called Blockchain. The design of blockchain technology aimed to make Bitcoin functional. The technology later started getting attention for its use in several other industries. This sound technical structure is one of the main reasons for Bitcoin’s acceptance. Blockchain is a secure and decentralized system where peer-to-peer transactions take place.
Economic slowdown
The year 2020 has been witnessing a global economic slowdown. The sluggish economic trend that started in the last few years is continuing. The origin of Bitcoin was due to the global financial crisis. So people and companies are feeling safe to invest in Bitcoin. For them, Bitcoin is a “haven” for investors.
COVID19 impact
The pandemic has affected global finance. The already sluggish global economy got further blow due to COVID19. The world remained standstill for one year. The light has not ended yet. Most of the economic and industrial activities are facing problems. Due to this, investors are getting attracted to Bitcoin. For them, it is an alternative investment avenue.
Big Corporate, Banks embracing Bitcoin
In 2020 we saw many big corporate and banking institutions embracing bitcoin. Some reputed brands who are into the crypto market are Amazon, BMW, Google Microsoft. Some other reputed brands are DBS Bank, Credit Suisse, Citigroup, JPMorgan, and, Square.
In 2020, many new corporate/ banks have joined the band. We may recall brand names like PayPal, DBS Bank, and China Construction Bank (CCB). These big entries have a positive effect on the rising of Bitcoin.
Further Reasons
PayPal enabling Cryptocurrency purchases
PayPal’s 
crypto entry has given a new boost to Bitcoin. PayPal has a huge customer base and operation in more than 200 countries. As of June 2020, it has 346 million active PayPal accounts worldwide. The news of PayPal’s crypto indulgence had made Bitcoin jump from around $12,300 to $12,900.
crypto entry has given a new boost to Bitcoin. PayPal has a huge customer base and operation in more than 200 countries. As of June 2020, it has 346 million active PayPal accounts worldwide. The news of PayPal’s crypto indulgence had made Bitcoin jump from around $12,300 to $12,900.Bitcoin is a safe-haven
Bitcoin is a “safe haven” for investors. Many companies and banks invest in Bitcoin as they feel it is safe and secure. There have been many illegal financial transactions done through Bitcoin by rackets/ gangs. They try to be aloof and avoid security scrutiny.
Bitcoin’s dominance over other currencies
Bitcoin has been performing better than all other alternative Cryptocurrencies. Bitcoin Cash, Litecoin, Ethereum, Ripple, Stellar, NEO, etc are far behind bitcoin. This phenomenon is also giving rise to Bitcoin price.
Bitcoin is marching ahead like never before. In 2020 the popularity of Bitcoin is skyrocketing. Large institutions from around the world are embracing Bitcoin. The world’s first Cryptocurrency has emerged as an alternative avenue for investment. The new member of the crypto club is China Construction Bank (CCB).
It’s not that, price-wise Bitcoin is at the highest point now. It had reached the highest point in late 2017 when the price was around $20,000. The bitcoin price has been swinging since its origin. By 
April 2020, the average figure for the Bitcoin price was $7,000. We have to recall that the price of Bitcoin was only a few dollars after getting launched in 2009.
April 2020, the average figure for the Bitcoin price was $7,000. We have to recall that the price of Bitcoin was only a few dollars after getting launched in 2009.In 2020 the price is booming in recent months and expected to reach the $20,000 mark very soon. This year we are also witnessing the entry of big businesses into the crypto market.
Large Corporate Jumping Crypto Market
Before discussing the CCB’s entry into the crypto market, let us look at the past developments. Many noted corporates from across the globe are embracing bitcoin. Toyota Systems has partnered with DeCurret, to start a Toyota virtual currency. The Robinhood trading app and Square are already into the Bitcoin domain.
Large Banks are Eying Crypto
Big financial institutions from around the world are now eyeing the crypto market. They are into an experiment with Bitcoin and invest in it. We may recall the recent entry of DBS Bank of Singapore. DBS is planning to launch a Cryptocurrency exchange.
The Bank of America is already investing a lion’s share in Crypto and Blockchain. Citigroup is experimenting with the technology to manage credit default exchange. Switzerland’s number one bank UBS has been at the forefront in endorsing Blockchain. In 2016 the Bank of England started to get into the crypto world. They had launched a crypto accelerator. They have a plan to launch the Bank of England Crypto Coin as well.
PayPal along with its partner Paxos Trust Company has jumped into the crypto market. A large number of PayPal users would be able to buy, sell, and exchange Cryptocurrencies.
Another huge bank from Europe, BBVA has invested in Cryptocurrency. The Spanish financial institution 
is planning to use Blockchain technology. Visa teamed up with Ternio is all set to help Cryptocurrency companies. UK-based banking platform Cashaa and The United Multistate Credit Co. Operative Society of India are also entering the crypto domain.
is planning to use Blockchain technology. Visa teamed up with Ternio is all set to help Cryptocurrency companies. UK-based banking platform Cashaa and The United Multistate Credit Co. Operative Society of India are also entering the crypto domain.The entry of China Construction Bank
China Construction Bank (CCB) is planning to raise $3 billion using Blockchain technology. CCB has join forces with Fusang in this regard. CCB has created an SPV (special purpose vehicle). The aim is to issue the “Longbond.” Crypto enthusiast’s investors can buy virtual tokens on the said exchange. To buy digital tokens investors can use Bitcoin or dollars. To attract more investors CCBis allowing investment of small amounts like $100. CCB is ensuring that tokens get backing from its deposits at a branch in Labuan. According to Fusang, Blockchain technology will be the backbone of the ownership records.
Bottom-line
It is yet another page of success in the Bitcoin popularity book. CCB’s entry would amplify the acceptance of Bitcoin by top businesses as well as small investors. Many more banks and other institutions are going to join the crypto world.
Blockchain technology has great potential to help in dealing with climate change. The technology came into being to make Bitcoin functional. In addition, Bitcoin is the first Cryptocurrency that exists in digital or virtual form. Later the technology found useful applications in several other industries.
Blockchain technology is a system that is not centralized, immutable, secure, and transparent. The new-age technology is now going to confront climate change. Therefore, it has the potential to improve global collaboration for climate action.
Climate Change
Climate change describes a change in the average conditions in a region over a long period. Rapid urbanization and industrialization have affected the climate. However, like every other thing, the climate also changes. 
A significant change in weather patterns can happen. But a more pressing problem is climate change happening due to human actions. Large-scale industrial activities and increased use of vehicles have affected climate. In conclusion, all these activities have led to global warming.
A significant change in weather patterns can happen. But a more pressing problem is climate change happening due to human actions. Large-scale industrial activities and increased use of vehicles have affected climate. In conclusion, all these activities have led to global warming. Recognizing the need of the hour, climate change issues are being addressed now. The UNO, governments, corporate, industries are now showing their concern towards it. Many regulations, international understandings are in place. Innovative technical and managerial techniques can tackle climate issues.
Blockchain technology fights climate change
Blockchain technology has great possibilities in targeting climate change issues. As per Stefan Rust, blockchain can contribute towards ESG. E.S.G. stands for ecological, social, and business governance. Stefan Rust, currently the CEO of Sonic Capital and a former CEO of Bitcoin.com is very optimistic about it.
Rust has recently made it public about the launching of his new venture Sonic Capital. The 8-year fund is searching for start-ups that use blockchain to battle ESG issues. Recently, in an interview, Rust has opined that “ESG is incredibly essential. We have an environment, we’re surviving on this world and we’re having a hard time residing in this world and we’re moving towards the days of Blade Runner.
Blockchain technology can deal with a large amount of data. It also helps in transparent transactions of all kinds of emission specific data. The data stored in a shared global platform can make things easier.
Blockchain 
assured transactional security. It also helps with data reliability, security, and management. Blockchain-enabled “smart contracts” among the stakeholders would be beneficial.
assured transactional security. It also helps with data reliability, security, and management. Blockchain-enabled “smart contracts” among the stakeholders would be beneficial. It is a powerful technology to makes certain that agreed parties obey the rules. This feature of Blockchain advances agreements made by nations in climate change summits.
A new age governance system is the need of the hour to tackle climate change issues. A governance system that is agile and scalable. It could be possible by blending Blockchain with other digital technologies.
Bottom-line
Blockchain technology has many applications that can tackle climate change. Therefore, it could prove to be a panacea in the fight against climate change. The technology can bring climate change key players closer. Reforms in governance are also passable by using Blockchain. It has an array of applications that are beneficial in tackling. climate change. Blockchain technology will be able to fight climate change problems in the future.