China, the second largest economy in the world, has returned to the top 10 countries in terms of crypto adoption according to The 2022 Geography of Cryptocurrency Report, a report done by Chainalysis. The Red Dragon dropped to 13th place…
Vietnam & Philippines, Emerging Economies Lead Crypto Adoption – Chainalysis
According to The 2022 Geography of Cryptocurrency Report, a study done by Chainalysis, emerging economies are leading in crypto adoption. Ten of the top twenty countries are classified as lower middle income and eight are upper middle income. The study…
21,000 ATM’s in Brazil will have the ability to send USDT for Reals
Tether Operations Limited, the issuer of USDT – the largest stablecoin by market cap, announced that its main product is going to be available in over 24,000 ATMs in Brazil starting November 3. This is made possible by SmartPay, a…
Blockchain Powered IDs will be used in South Korea by 2024
South Korean citizens will be using digital IDs instead of traditional resident cards as proof of identity by 2024. It will be secured by blockchain technology and will work in tandem with smartphones. This will make it easier to verify…
Banks are afraid of crypto overtaking money and asset transfer business – Mr. Wonderful
Kevin O’Leary, a Canadian businessman, entrepreneur, and TV personality, gave his insights on the cryptocurrency industry in a Converge 2022 interview. O’Leary, popularly known as Mr. Wonderful, uploaded his interview to his YouTube channel. He enumerated several insights to the…
INTERPOL unveils the first-ever Metaverse for law enforcement worldwide
The International Criminal Police Organization, more popularly known as the INTERPOL, unveiled the first-ever Metaverse for law enforcement worldwide. This was made known in the 90th Interpol General Assembly in New Delhi, India. The INTERPOL Metaverse allows registered users to…
Voyager Sought for Creditors’ Vote for $1.42 Billion Sale to FTX
Distressed crypto lending company Voyager Digital Ltd., is asking for creditors’ consent for its $1.42 billion sale to FTX – a major cryptocurrency trading company. According to a Benzinga report: clients may be able to claw back 72% of their…
Will Crypto.com end up in trouble ?
The Singapore-based Cryptocurrency exchange company Crypto.com is reportedly facing some headwinds. The company announced the layoff of 5% of its 4000-person workforce in June, but the number may be more than that, according to recent news. Advertising and marketing costs…
MasterCard to bring Crypto Trading to Banks by partnering with Paxos
Top payment-processing corporation MasterCard has announced that it will bring crypto trading capabilities to banks through its new Crypto Source™ program. According to the MasterCard announcement, the company is expanding its partnership with Paxos, the New York-based Fintech and blockchain…
Crypto Wallet Metamask Enables Instant Bank Funding Through Sardine
Metamask, the popular non-custodial crypto wallet, announced that It will make it easier for US users to use their fiat to buy cryptocurrency. It was announced in a tweet that this was made possible through Sardine. According to a blog…