Cryptocurrencies and the underlying blockchain technology are gaining high level of acceptance among more mainstream institutions and investors. As institutional investment on cryptos rise rapidly, significant pressure is building on Wall Street Banks to accept Bitcoin (BTC) as a legitimate asset class.…
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New Zealand Firm Launches NZD Backed Stablecoin
Auckland-based financial service provider Techemynt announced the launch of a stablecoin reportedly backed by the New Zealand dollar. In a statement from Techemynt today, the firm announced it had launched a cryptocurrency backed 1:1 by the New Zealand dollar and…
Major Swiss Retailers Set to Debut Bitcoin Giftcards
Switzerland’s crypto boom has entered another dimension with retailers rolling out Bitcoin (BTC) vouchers and gift vouchers. As indicated by Swiss daily Tages-Anzeiger, Manor — the country’s biggest retail chain — is now selling Bitcoin voucher cards in 59 of…
IRS Clarifies Reporting for Crypto bought with Fiat
The United States IRS has explained that crypto investors who just bought digital assets utilizing fiat and didn’t sell during 2020 don’t have to report said exercises. The United States Internal Revenue Service, or IRS, has refreshed its FAQ segment…
Weekly Price Analysis for Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) March 2nd to March 8th
Bitcoin is going through another price correction for the day as the top crypto is experiencing a minor dip with 11% for the week. Ethereum seems to be going through a similar scenario, with more bullishness on the side of…
Major Tech and Wall Street Institutions buys Bitcoin as the coin surges
There are now more institutions than ever before expressing interest to hold Bitcoin New trend of institutional investment will continue as there various instruments backed by Bitcoin emerge MicroStrategy holds 71,079 BTC in reserve, equivalent to over $3 Billion Institutional…
Square Announces Huge BTC Acquisition as Part of its Financial reporting
Square, Inc. (NYSE: SQ), a company that assembles devices to engage organizations and people to partake in the economy posted its outcomes for the final quarter and entire year of 2020. The posting was made on the Financials segment of…
Mastercard to Accept Some Crypto Payments Later this Year
Mastercard Inc. said Wednesday that it would start permitting shippers to acknowledge crypto payments on its organization not long from now. This represents one of the latest cases of digital currency payments endorsement by a traditional payments player. “We are…
Bitfarms Will Procure 48,000 New Mining Excavators in 2022 Despite Chip Shortage
Bitfarms set to secure 48,000 new diggers in 2022 notwithstanding chip lack One of the biggest traded open market Bitcoin mining operations on the planet, Bitfarms, has committed to buy 48,000 new excavators over the course of the following two…
Blockchain-based Installments Firm Ripple Labs has Now Been Registered in Wyoming
As indicated by records from the Wyoming Secretary of State, Ripple Markets WY LLC’s status as a nearby business is recorded as “dynamic” after an initial documenting in February 2020. As a limited liability organization in Wyoming, Ripples’s enrolled specialist…