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.…

Central Banks are keen on issuing a Blockchain-based National Digital Currencies (CBDC)

It’s 2022, and it’s no longer a secret that central banks across the globe have taken into account the rise of cryptocurrencies and blockchain technology. A number of banks are keen to experiment with distributed ledger technology (DLT) in the…

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…

Philippine bank has just taken the country’s crypto adoption to the next level

Union Bank of the Philippines, a banking giant in the Philippines has just taken cryptocurrency adoption to the next level after launching a cryptocurrency Automated Teller Machine (ATM)-the first of its kind in the country. According to a local news…

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…

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…

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…

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…

Spain LeapFrogs El Salvador to Become Third Largest Crypto ATM Hub

After the United States and Canada, Spain is the official home of the third-largest network of Bitcoin and cryptocurrency ATMs.  El Salvador Down to Fourth El Salvador, which has 212 crypto ATMs, is presently in fourth place due to Spain,…

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…