Crypto Presales, a major crypto market data compiler has shared an alarming report pertaining to crypto ATMs. The firm has made a revelation about the reduced number of crypto ATM installations. Crypto ATMs Experience a Reduction The firm has revealed that in the year 2022 so far, a total of 6,100 ATMs for cryptocurrencies have…
The officials at two major stablecoin issuers have made major announcements for the entire crypto-verse. Paxos and Circle, two major issuers of stablecoins have announced they have regulatory approval in Singapore. Paxos and Circle Gain Regulatory Approvals As per the officials from Paxos and Circle, they have now operating licenses in Singapore. The Monetary Authority…
It has been a while since when the electronic payment giant Visa Inc. has been overstretching its efforts in adopting blockchain and digital currencies. In its recent initiatives, Visa has filed two separate applications before the trademark authority namely United States Patent & Trademark Office (USPTO). One of the attorneys of USPTO, Mike Kondoudis, tweeted…
A major mobile phone application known for processing payments has made a major announcement. The application has announced that it has adopted the Lightning Network for the fastest transactions. CashApp’s Major Announcement On October 25, the officials at CashApp announced that they had tapped a partner with Bitcoin Lightning to offer a new utility to…
The Public Opinion University Institute recently completed a poll, which discovered that people in El Salvador are still not too keen on the idea of using Bitcoin as a legal tender. The results of the poll showed that almost two-thirds of the population in El Salvador does not have a positive opinion of Bitcoin. It…
The UK is currently looking like one of the biggest crypto hubs worldwide. With its adoption index slowly growing and more people making transactions now than before, it is becoming very obvious that the UK is well on its way to become the biggest crypto country. However, this unprecedented rise in popularity in the UK…
A newly released survey disclosed that the next 12 months will see around 1 million Australians buy crypto for the first time. This would mean that the total number of people owning cryptocurrency in Australia would reach approximately five million. The survey Swyftx is an Australian crypto exchange that conducted its second Annual Australian Crypto…
The Africa Blockchain Report 2021 by Standard Bank and CV VC (Crypto Valley Venture Capital) revealed that African cryptocurrency businesses experienced more venture capital in 2022 Q1 than in 2021 Q1. Compared to the same timeframe in 2021, blockchain companies in Africa raised about $91 million in 2022 Q1, translating to a 1,668% cash inflows…
com price shows upside signals amid a possible rounding bottom. Enthusiasts can expect an exponential surge from CRO after flipping $0.53 resistance to the support barrier. A daily candle close below $0.37 support will cancel CRO’s bullish narrative. Crypto.com has its price at the mid-level of completing a bullish pattern. Thus, market players may expect…
Most top alt, including DOGE, MATIC, LUNA, and DOT, gained more than 15% over the week. Meanwhile, Near Protocol saw its native coin NEAR surging over 35% as the Layer1 network witnessed intensified competition. Bitcoin noted a tide shift this week, rising past the psychological level of $42,000. That comes after the leading crypto lost…
Eswar Prasad, a professor and author at Cornell, has disclosed that the primary cryptocurrency, Bitcoin, may not endure for long. The academic who authored a book on the digital asset revolution disclosed this in an interview with CNBC. Ever since it hit its current ATH in October, Bitcoin has been going through a bearish spell…
Nayib Bukele is making headlines once again. Unsurprisingly it is for recent remarks against his administration’s detractors concerning their Bitcoin stance. The leader who likes to call himself the CEO of El Salvador took to Twitter to make the bold claim that fiat currencies are finished. Details Of The Tweet The President explained that the…
Payment solutions behemoth Visa has disclosed that they have successfully acquired Currencycloud for nearly a billion dollars. The purchase aims to make transactions across borders more efficient and honest. The company, with the move, will make transactions more efficient for both the firms and the customers of these businesses. Benefits Of The Deal Visa and…
A leading economist at the International Monetary Fund (IMF), Gita Gopinath, talking at a summit organized by a non-profit economic research institute in India, pushed developing countries to create homogeneous regulations for crypto rather than a ban on the technology. She, however, agreed that the matter of cryptocurrency regulation is a complicated topic. She noted…
Danal subsidiary has partnered with Samchully Motors and has announced BMWs will now be purchased using Paycoin (PCI). The local luxury auto dealership partnership makes it the first time people can pay for vehicles entirely using crypto. The FinTech solutions provider collaborated with BMW and earmarked a line of customer favorites for sale. A Big…
Hong Kong hosted the 2021 edition of the Digital Entertainment Leadership Forum (DELF) at the Cyberport. The forum had many digital entertainment enthusiasts from various sectors present to see where their industries are going over the following years. The Cyberport Business Park venue captured many visitors’ attention with its various exhibits and workshops. The latest…
A Brazilian Senator, Irajá Silvestre Filhothe, has motioned to see Bitcoin mining firms operating in the country using renewable energy sources to operate tax-free. The senator also called for the removal of taxes on the importation of Bitcoin mining equipment and the government changing its classification of crypto to view them as currencies. A media…
Ether (ETH) has reached a new high against BTC. ETH year-to-date returns have increased to slightly above 350%, all as a result of its new high achiever this week. For the first time this year, the ETH/BTC pair bid hit a record 0.0835 BTC on Coinbase. This bullish movement started sometime in October after Ethereum…
Santander, one of the most elegant banks in Europe, is going to launch the first Bitcoin ETF in Spain despite the fact that there are various regulatory challenges which the country is still facing amid ETF approval. According to the officials at the bank, they have been working for quite some time now on the…
Many digital investors have been predicting an event called ‘Flippening’ in the crypto market. This event postulates that the top coin in the market, Bitcoin, is going to be replaced by Ethereum. Citadel CEO Kenneth Griffin has shared a similar opinion on this matter. Griffin was being interviewed by a media recently when he mentioned…
India’s stance on digital currency is difficult to describe. The nation’s legislature is yet to develop crypto policies on the regulation of the digital asset space. After several executive meetings, including discussions with top stakeholders, and worries from the country’s apex bank, pm Narendra Modi is becoming outspoken about the issue. During a virtual interview…
Mark Zuckerburg is the CEO of social media and tech giant Facebook. He has recently issued a public statement on behalf of his company about the rebranding of the entire social media ecosystem. Zuckerburg issued a video detailed on the concept and vision of the new social media environment that he is planning to build…
As Bitcoin enters its most exciting phase since its inception, it has become necessary for more mining facilities to be established. It has become increasingly expensive to mine bitcoin as the mining conditions have become more complex than it was a mere five years ago. For this reason, Bitcoin mining companies are adopting more efficient…
Facebook is the largest social media network in the world. The company is keen to retain its position as a global tech giant and keep finding new ways of innovating. These days Facebook officials have been taking a keen interest in the world of cryptocurrencies and stablecoins. Last year, a new stablecoin project launched by…
The cryptocurrency industry is currently experiencing the largest inflow of funds of all time and this inflow is mainly to Bitcoin. This large inflow into the cryptocurrency industry is coming after the approval of the Bitcoin futures ETF. ETF products are sought after by investors as they are convenient. Most of the inflows has been…
