Industry insiders believe South Africa’s move to classify cryptocurrencies as financial products could drive the adoption and legitimacy of the sector. South African financial service providers have been primed to offer cryptocurrency products and services to customers after regulatory amendments in the country. This comes after South Africa’s Financial Sector Conduct Authority amended its financial…
Read more
While emerging markets generally dominate the global adoption list, when it comes to the top 10 list, three developments stand out: Vietnam taking the crown again, the US climbing to fifth place, and China re-entering the list, according to the latest report by blockchain analysis company Chainalysis…. Read More: Vietnam Ranks 1st in Crypto Adoption,…
Read more
Just above three-quarters of surveyed Salvadorians reportedly see the adoption of bitcoin (BTC) as a failure. According to the poll by the University of Central America (UCA), as reported by Barron’s, 77% of respondents consider the BTC adoption as legal tender in 2021, alongside the dollar, “to have been a failure.” 75.6% of respondents said…
Read more
John Mack, a former CEO at the major US-headquartered investment bank Morgan Stanley, suggests that bitcoin (BTC) and crypto may become a part of the increasingly digitized world of trading – and many of us may live to see it. Talking to CNBC about whether Wall Street would become digitized in the future, Mack said…
Read more
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Crypto News Summary: Bitstamp Integrates PayPal, Dubai Police Works in Metaverse Read more »Sign up for e-EUR – the progressive stablecoin
Payments giant Mastercard believes crypto assets have the potential to transform the financial infrastructure, outlining five key areas that can help “turn cryptocurrencies into an everyday way to pay.” However, to achieve this, we need to bring together the best of tech, banking, fintech, and crypto, Raj Dhamodharan, executive vice president of Digital Asset and…
Read more
Japanese video game giant Konami has announced plans to launch a marketplace for trading in-game NFTs, as well as a “wide range” of other Web3-related products and services. The entertainment conglomerate also unveiled that it is looking to add new talent and will recruit a “wide range of talent for system construction and service development…
Read more
Major cryptocurrency exchange Crypto.com will establish its European regional headquarters in the capital city of France, Paris. The exchange has also announced a €150 million ($145 million) investment into the country to support the establishment of a regional headquarters as well as other market operations, according to a Wednesday blog post. … Read More: Crypto.com Selects Paris…
Read more
Tokenomics aimed at financing worthless models, rampant hacks, and a lack of real-world utility have played a role in the beleaguered crypto market’s decline. Decentralized finance (DeFi) led cryptocurrency’s rapid growth in early 2021, but the crypto market has since plummeted in value. Global markets have played a role, but so has recklessness among developers…
Read more
From reversible transactions to increased regulation and a rising tide of censorship, mass adoption is going to make crypto look more like the systems we’re trying to escape. For years, mass adoption has been pitched as the endgame of crypto. We’re supposed to envision a world where we can pay for our morning coffee with…
Read more
