Tag: Crypto Adoption

Ted Cruz, the senator from Texas, has urged businesses on Capitol Hill to accept Bitcoin payments. The senator has submitted a bill calling for Congress to take the lead in the Bitcoin industry in a bid to push for crypto adoption. On November 1, 2021, the ‘adopting cryptocurrency in Congress’ resolution was submitted to the […]

The two-time National Basketball League (NBA) Kevin Durant formed a new special purpose acquisition company (SPAC) to research and work out deals with tech-driven businesses, which also involves cryptocurrency firms. The SPAC firm was initiated by Kevin Durant together with his business associate Rich Kleiman.  Durant has been a long supporter of cryptocurrencies, investing in […]

Eric Adams, the mayor-elect of New York City, promises to make New York a crypto friendly jurisdiction. On Tuesday, he was elected as the city’s second black mayor, defeating a Republican opponent. He previously served in the NYPD and the New York State Senate before becoming Brooklyn Borough President. His election campaign was focused on […]

According to a Ministry of Finance official, the Indian government is expected to reveal its highly anticipated cryptocurrency rules in February 2022. With the crypto regulation expected in the following budget hearing, the regulatory cloud may finally clear as per a report by Business Today.  The government has been hesitant to embrace cryptocurrencies and, so […]

The president of El Salvador, Nayib Bukele, revealed on Wednesday that his country has purchased an extra 420 Bitcoin. This brings the total amount acquired to date to 1,120 BTC. At current prices, the additional investment is worth about $24.7 million. Bitcoin is now trading at roughly $58.9K on Coinbase, according to TradingView market data. […]

Cryptocurrency exchange FTX, may have just gotten itself an advertisement spot in arguably the most watched TV event in America. The championship game of the National Football League is going to be held in Feb. 2022, and according to Bloomberg’s report, FTX after considering the wide reach of the audience of the sport, have decided […]

The Australian senate committee continues to push for crypto adoption in the country. On Tuesday, the committee on “Australia as a Technology and Financial Centre committee presented its third report requesting for reforms in crypto regulation and licensing. The report laid-out the challenges faced by leading stakeholders in crypto as well as outlined recommendations to […]

The second-biggest mortgage provider in the entire United States of America, United Wholesale Mortgage, has said that it won’t accept cryptocurrencies as a mode of payment for its services, i.e., home loans.  This announcement was made on Thursday by the officials of the company. Back in the month of August, United Wholesale Mortgage had decided to put […]

Russian President Vladimir Putin said recently that it is still too early to use cryptocurrencies for the settlement of trades of energy resources. On Thursday, talking in an interview with CNBC in Russian Energy Week Forum, he pointed out possible use cases of cryptocurrencies and blockchain technology which shows the government’s attentiveness on the subject. […]

Jewel, a proposed bank from Bermuda, hired Nick Lepetsos, a former First Western Trust Bank member, as its Chief Operating Officer. The reason behind this action is simple, i.e., the proposed bank wants to test the waters of blockchain-based currencies.  With the humongous expansion of cryptocurrencies, most banks have attained a negative stance on these […]

The Australian legislation plans to take serious actions against ransomware by planning a structure to increase the penalties of wrongdoers. The federal government on October 13 announced the new structure of measures and the Surveillance Legislation Amendment against ransomware. It added that a 60% increase follows these measures in cyber crimes on Australian state agencies […]

The popularity of non-fungible tokens has absolutely taken over the entire world. The second most populous nation, India, also had its fair share of crypto enthusiasts. According to recent reports, as many as 15 million Indians have invested in cryptocurrencies. While the government’s stance on digital assets remains unclear, NFT adoption continues to surge in […]

Switzerland, one of the most beautiful destinations around the world, has decided to adopt crypto trading as well as cryptocurrency payments. The nation’s government decided to introduce legal infrastructure concerning cryptocurrencies. According to the officials, the blockchain industry is an untamed animal that needs to be brought under control by imposing regulatory authority. The year […]

Discussion about Tezos always includes its lawsuit litigation that concluded with a 25 million dollars agreement. Negative media coverage and Industry FUD played a crucial part in the case. But the formerly disregarded “ghost chain,” with its coin’s price increase, NFT milestones, and important collaborations, appears to come back to life again. Crypto analyst and […]

The crypto world is considered secure because of no controlling centralized entity. But data leaking in the system is pretty common as it became a tool for the FBI. In West Virginia, the police arrested a nuclear engineer and his wife on the grounds of treachery and selling of classified information. The duo supplied secret […]

BitTorrent (BTT) recently launched a new program called Golden Wallet Sweepstakes which aims to reward community members. The crypto leader announced the three first-round winners of the program, which resulted in massive engagement in the platform. The week one winner is Eray Özgen, who resides in Turkey and has a film production company. He was awarded a […]

As crypto adoption is at its peak, Sri Lanka does not want to lag behind other nations. The country has decided to set up a committee to study and implement blockchain technology and crypto mining. Mohan Samaranayake, the director-general of government information of Sri Lanka, shared a letter showing the approval by the government regarding […]

Matrix Network has partnered with BitGo, one of the biggest virtual assets service providers. The two have struck an agreement according to which Matrix, another virtual asset service provider, will be able to use the traits of BitGo Network. The integration of BitGo Network in Matrix network will allow the latter to expand its services […]