Recently, the emergence and adoption of digital currencies have progressed rapidly, with some nations already accepting BTC as a means of payment. As noted by a study released on the 25th of March by the IMF titled “Crypto, Corruption, and Capital Controls: Cross-Country Correlations, individuals living in nations with high levels of fraud are more … Read more
Popular crypto exchange, Binance, has obtained a preliminary license to operate as a broker of crypto assets in the United Arab Emirates (UAE). Binance must however finish the application procedure first before it can kickstart operation. Having obtained a complete licensing agreement implies that Binance will be supplying virtual currency services to consumers in the … Read more
WeChat, the most popular social media messaging application in China, is said to have enabled e-CNY payment methods. The service is now accessible to 23 areas where the electronic currency is being tested, including Shanghai and Beijing. This move is part of the country’s plan to increase the widespread adoption of its CBDC. The service … Read more
Bakkt has signed a partnership with American Bank to purchase and sell BTC and ETH to its clients. The bank stated that the service might be available in the second quarter of 2022. Crypto Investment Option Earlier this month, American Bank, one of the USA’s commercial banks with its headquarters in Pennsylvania, announced a partnership … Read more
MoonPay, a fintech company, has enabled instant card transactions on the OpenSea NFT market, making it much easier for individuals who do not own cryptocurrency to purchase an NFT. This new feature is a welcome development for the crypto community as more persons can buy NFT using their debit/credit cards. Easier Method To Buy NFT … Read more
As per the data from CoinShares, a weekly inflow of $139 million has been recently observed to take place in the crypto industry, pointing to large institutional investments into cryptocurrency holdings, the highest in three months. The latest development is a quick increase from last week, which records an outflow of $47 million. More than … Read more
On Tuesday, a popular fund manager, WisdomTree, announced that it had just launched three crypto-asset exchange-traded products (ETPs) as part of its venture into the crypto industry. The three recently released ETPs are linked to Cardano, Solana, and Polkadot, the leading cryptocurrency networks. Both new digital currency investments are listed on the following platforms: Xetra, … Read more
According to CNBC, the United Kingdom government is working on revealing a crypto regulation framework in the upcoming weeks, focusing on stablecoins. Industry sources believe that the U.K’s decision-makers have a growing interest in stablecoins and the move is part of the government’s strategy of regulating the industry. The financial regulatory body has held meetings … Read more
The time has come for cryptocurrency to serve as a wide utility following many companies’ integration of crypto payment. More decision-makers are considering following suit. Politicians in the United States are increasingly conversant with the flexibility associated with payment. According to the governor of Florida, Ron DeSantis, the plan to allow firms to pay their … Read more
GameStop’s NFT marketplace has rolled out its beta version of Loopring ($LRC) as an Ethereum L2 scaling system allowing users to perform transactions for a fraction of the cost they incurred in the L1 protocol. According to Loopring’s Head of Growth, Adam Browman, the beta version of the GameStop NFT marketplace is currently live. Users … Read more
