Liverpool is crypto capital of UK, survey finds

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"Liverpool Identified as UK's Leading City for Cryptocurrency Investment"

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Liverpool has been identified as the crypto capital of the UK, according to a recent survey conducted by telecommunications company Openreach. The study revealed that 13% of respondents from Liverpool actively invest in cryptocurrency and monitor stock prices, surpassing participation rates in other cities across Britain. This trend highlights a significant engagement with digital currencies in Liverpool, contrasting with other regions where different online activities dominate. For instance, London has emerged as the online dating capital, with 24% of its residents using dating apps regularly, while only 4% of the general population in the UK engages with these platforms. The average Brit reportedly spends three-and-a-half hours online daily, with a notable 20% admitting to exceeding five hours of internet use each day. The findings underscore a growing trend in cryptocurrency investment in Liverpool, aligning with the city's innovative spirit and technological engagement.

The survey also provided insights into the online behaviors of various cities across the UK. Manchester leads in Instagram usage, with 27% of its residents actively engaging with the platform. Sheffield stands out for having the highest percentage of frequent TikTok users and music streamers, at 32% and 30%, respectively. Interestingly, Sheffield residents also spend the most time online, with 32% reporting more than five hours of internet use daily. In contrast, Leeds residents are more inclined towards Facebook, with 43% indicating significant usage of the platform. Despite the extensive online engagement, many respondents expressed dissatisfaction with their internet habits; 43% felt they wasted time online, while a significant number acknowledged the stress associated with excessive screen time. Katie Milligan, deputy CEO of Openreach, remarked on the diverse ways different areas of the UK are adapting to digital connectivity, while also emphasizing the importance of taking breaks from screens and digital distractions.

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The city’s most famous sons may have sung that money can’t buy you love, but that was before bitcoin existed.

Liverpool has emerged as the crypto capital of the UK, according to a study looking at the online habits of people across the country.

The survey, conducted by telecommunications company Openreach, found that 13% of respondents from Liverpool regularly invest in cryptocurrency and check stocks, more than anywhere else in Britain.

Different cities across the UK proved to be hotspots for various activities. London seems to be the online dating capital of Britain, with 24% of respondents saying they engage with dating apps on at least three days a week.

This contrasts with the country in general, with the study finding that only 4% of Britons spend any time on dating apps.

According to the study, the average British person claims to spend three-and-a-half hours a day online, though 20% of those asked admitted to spending above five hours of their day on the internet.

Popular times to be online varied, but 64% of respondents said they spend time online between the hours of 11pm and 6am, with 19% of them saying this is the time they visit YouTube.

In the north, analysis tells a tale of three cities. The people of Manchester usedInstagrammore than anywhere else, with 27% of people in the city using the platform regularly.

Sheffield, meanwhile, is home to both the most frequentTikTokusers and music streamers in the country (with figures of 32% and 30% respectively). Sheffield is also the city where households spend the most time online, with 32% spending more than five hours online per day – in contrast to the 11% of Brighton citizens who do the same.

The people of Leeds seem to favour yesterday’s social media site of choice, with 43% of the city’s residents saying they spend a lot of time usingFacebook.

The study was commissioned by Openreach to coincide with the first installation of broadband in a UK home, which took place in April 2000 in Basildon, Essex.

The study also found that many respondents disliked the way they use the internet, with 43% feeling that they wasted time online, 37% concerned by the hours spent “doom-scrolling” and 33% saying they would feel more relaxed if they spent less time online.

Katie Milligan, deputy CEO of Openreach, said: “It’s fascinating to see how different parts of the UK are embracing the online world and adapting to it in unique ways.

“At the same time, it’s encouraging that many recognise the importance of taking time away from devices and digital connectivity.”

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Source: The Guardian