Tag: Adoption

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Argentine Officials Met With Salvadoran Regulators to Discuss Bitcoin Adoption and Regulation

Argentine officials of the CNV, the country’s equivalent to the U.S. SEC, and Salvadoran officials of the CNAD, the National Commission for Digital Assets, met on May 23 to discuss bitcoin regulation and adoption issues. This meeting was the second between these two institutions and hints at a possible regulation agreement between the two countries.…
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Citi: Brazil Is at the Top of Digital Money Initiatives in Latam

A recent report by Citi, a global financial institution, has put Brazil at the top of the nations leading the digital money initiatives in Latin America. The report states that Brazil features a combination of factors that ease the adoption of digital money such as government support and digital payment solutions. Citi: Brazil Leads Advancements…
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Multicoin Capital’s Crypto Hedge Fund Posts Staggering 9,281% Growth Since 2017

Crypto-focused hedge fund Multicoin Capital has delivered extraordinary returns to its investors, exceeding 9,000% since its launch in 2017.  In its annual investor letter, the fund revealed that after experiencing significant losses in 2022 that nearly wiped out its value, Multicoin Capital’s fortunes have dramatically turned around. According to the investor letter, dated February 16,…
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Singapore-Licensed DigiFT Introduces US Treasury Bill Depository Receipt Tokens

DigiFT, a Singapore-based fintech company, has made a foray into the digital asset realm with the launch of the its US Treasury bill depository receipt (DR) tokens.  The DR tokens offer investors fractional ownership in the underlying US Treasury bills, enabling investors to gain exposure to the traditionally secure US debt market without the need…
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Japanese Telecoms Companies Go Crypto: NTT Subsidiary to Launch Crypto Wallet

Japanese telecoms companies are moving into the web3 space, with a subsidiary of the communications giant NTT set to launch a crypto wallet. Per the Japanese media outlet Project Design Online, NTT Digital will launch its wallet “by the end of 2024.” The company has partnered on the project with the US-based now.gg platform. The…
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Andrew Tate Says He Made $85 Million During Last Bull Run, Advocates for Innovative Blockchain Projects

Andrew Tate earned a staggering $85 million during the last bull run by investing in decentralized exchange PancakeSwap.  In a recent post on X, Tate emphasized the importance of distinguishing between speculative meme coins and genuinely innovative blockchain projects.  “There’s meme coins that’s great. But each bull run there are the genuinely technological useful or innovating…
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Institutional Interest for Bitcoin Rises, Yet Challenges May Hamper Future Adoption

Institutional interest for Bitcoin and other digital assets has been apparent in previous years. Yet industry experts believe that investors are taking a newfound interest in Bitcoin (BTC) following the approval of 11 US spot Bitcoin exchange-traded funds (ETFs). David Lawant, Head of Research at FalconX – an institutional crypto brokerage – told Cryptonews that…
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Bitcoin Surge Propels DeFi TVL Past $100 Billion Milestone

The decentralized finance (DeFi) sector has surpassed a significant milestone, with the total value locked (TVL) in DeFi protocols exceeding $100 billion.  The surge in capital locked on-chain is primarily attributed to the renewed enthusiasm surrounding Bitcoin and the recent launch of spot Bitcoin (BTC) exchange-traded funds (ETFs) in January. According to DefiLlama, a prominent data…
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Bitstamp Secures In-Principle Approval for Digital Asset Services License in Singapore

European cryptocurrency exchange Bitstamp has received in-principle approval for its license application to offer digital asset services in Singapore.  The approval, granted by the Monetary Authority of Singapore (MAS), allows Bitstamp to establish its presence in key markets in the Asia-Pacific region and globally, according to a Wednesday report by The Straits Times.  Previously operating under…
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Bitcoin’s Bull Run Uplifts Indian Exchanges, Trading Volumes Reach 10-Month High

The recent surge in the price of Bitcoin (BTC) has injected fresh life into Indian cryptocurrency exchanges, as trading volumes on the top platforms reached a ten-month high in February.  CoinDCX, WazirX, and BitBNS, the leading Indian exchanges, recorded trading volumes of $2.6 million, $3.4 million, and $7.8 million last month, respectively, BusinessLine reported, citing data…
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