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…
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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…
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…
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…
India’s Finance Minister Questions the Blockchain’s Suitability For Use In Tradeable Assets
Nirmala Sitharaman, India’s finance minister, is uncertain about the application of blockchain technology for tradable assets. The nation is advancing its digital rupee CBDC while also exploring international regulatory collaboration. Sitharaman expressed this sentiment while on a visit in the…
China’s Digital Is Now the World’s Most Adopted CBDC
According to a statement from the People’s Bank of China (PBoC), since the pilot program’s start in 2020, transaction volumes for the central bank digital currency (CBDC) have surpassed $14 billion. Through its official WeChat channel, the central bank made…
Chainalysis Report: Ukraine War Accelerated Russian Stablecoin Adoption
The war in Ukraine has affected the world in several ways, which include rising gas and food prices as well as increased political activism. It has also affected Russia’s economy negatively, with Russian investors scrambling to protect their assets. Following…