Elmo M
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Full-time family guy, part-time crypto writer, researcher, and trader. Spartan racer on rest days.

Crypto.com Faces Fallout For Sending Crypto to the Wrong Address

Crypto.com, a Singaporean-based Crypto exchange, is facing scrutiny after it admitted that it erroneously transferred a large amount of Ethereum (ETH) to another exchange.  This development came after the collapse of FTX which was once one of the largest exchanges…

Polygon Layer 2 Network adoption increases with Big Players

Polygon Network (MATIC), a layer 2 protocol under the Ethereum Network, is trying to regain lost ground despite the ongoing bear market.  It is currently in the middle of rolling out projects which involve Starbucks, Bitpay, Nubank, Axelar, and Reddit.…

The UK Leads the Way in Crypto Adoption

The United Kingdom has been included in The 2022 Global Crypto Adoption Index Top 20, a study done by Chainalysis.  This is interesting since London, the country’s capital, is considered to be one of the world’s leading and oldest financial…

El Salvador to Establish First Bitcoin Embassy in Lugano

El Salvador, the first country to make Bitcoin a legal tender, is set to establish a BTC embassy in the pro-crypto city of Lugano.  The Swiss city signed an economic cooperation agreement with the South American Country in Lugano’s Plan…

China Ranks Top 10 in the World’s Crypto Adoption

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…

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