A survey conducted by Binance indicates that close to 50% of its users depend on crypto as a means to generate additional income. The latest observation was part of its new campaign, “Crypto is better with Binance.” Based on data from a survey with a sample size of 1,172 participants from November 15, 2023, to...Read More
Developing countries will continue to adopt Bitcoin (BTC) before it eventually becomes imperative for all national treasuries to hold, according to $1.5 trillion asset manager Frankin Templeton. The investment firm’s Head of Digital Asset & Investor Advisory Services, Sandy Kaul, spoke at length this week about the future of Bitcoin adoption – from its place...Read More
Bitcoin (BTC) has reached a new year-to-date high, soaring past $42,000 on December 4. The asset has broken through the upper limit of the trading range it was confined to for weeks, recording its strongest monthly close since March 2022. However, analysts from the cryptocurrency exchange Bitfinex have warned that investors and traders be wary...Read More
A recent report from Grayscale Investments revealed an unexpected diversity in Bitcoin (BTC) ownership, with 74% of addresses holding less than 0.01 bitcoin, equivalent to approximately $380. Grayscale’s research dispels the inaccurate public belief that Bitcoin is predominantly owned by a few individuals, revealing around 40% of BTC’s supply is concentrated among institutions like exchanges,...Read More
Despite unfavorable economic conditions and the persistent bear market, institutional cryptocurrency adoption has been on the rise. Investors have remained resilient and expressed optimism and strong sentiment about crypto’s role in the future of financial settlements. A recent survey conducted by leading U.S. crypto exchange Coinbase found that 64% of institutional investors currently investing in...Read More
In a recent study conducted by Coinbase, a paradigm shift has emerged among the young American population. An impressive 38% of younger Americans now believe crypto and blockchain technology can provide significant economic opportunities not commonly found in the traditional finance sector. Interestingly, this stands in stark contrast to older generations, where approximately 26% share...Read More
Bitcoin is growing increasingly scarce, and its price movements are finally showing it. Recent statistics from the on-chain analytics platform IntoTheBlock reveal that an unprecedented portion of the accessible BTC supply has been securely stashed away for the long term. Long-Term Bitcoin Holders Remain Resilient Long-term Bitcoin holders have significantly ramped up their exposure to...Read More
Crypto markets remain down around 65%, or $2 trillion in total market capitalization, from their peak in November 2021. The industry has been battered by a barrage of attacks from regulators and politicians, especially in the United States. Moreover, the wave of hacks and exploits has continued unrelenting. Nevertheless, there is a silver lining, and...Read More
Sub-Saharan Africa is the region with the smallest cryptocurrency economy, representing only 2.3% of the global transaction volume from July 2022 to June 2023. During this period, the region accumulated an estimated $117.1 billion in on-chain value. No country exemplifies this better than Nigeria, according to blockchain Chainalysis, which ranks second overall on the blockchain...Read More
The global crypto adoption is down, but there’s more to the story. Lower middle-income (LMI) countries, for one, have demonstrated an extremely promising crypto adoption trend. This cohort of countries constitutes 40% of the world’s population. Hence, if they are the future, they could be a big part of the crypto future, according to Chainalysis’...Read More
Bitcoin’s price has basically been on pause since mid-June, as the asset trades range-bound since then. The exchange rate of BTC to USD remained above $29,000, with resistance at $30,000. It’s as if markets are waiting on the SEC’s spot Bitcoin ETF approvals. In fact, one metric of bitcoin’s price stability touched five-year historic lows...Read More
A new survey by Binance Research, the research arm of the world’s largest cryptocurrency exchange, found that most institutional investors are optimistic about the outlook of cryptocurrencies for the next 12 months. Binance Research conducted the survey from March 31 to May 15, 2023, with 208 global institutional clients and VIP users as the respondents....Read More
On April 28, Venmo, a popular mobile payment platform owned by PayPal, announced that in the coming weeks, it will enable a new feature allowing users to transfer cryptocurrencies on and off the platform. This move is seen as part of Venmo’s continuous efforts to cater to the growing demand for crypto-based services among its...Read More
Prominent derivatives marketplace Chicago Mercantile Exchange (CME) Group has announced adding daily expirations for Bitcoin (BTC) and Ether (ETH) futures options contracts. Pending regulatory review, the two new additions will have expirations Mondays through Fridays. Bitcoin and Ether Daily Expiries According to the official press release, CME Group will offer new expiries for options on...Read More
El Salvador’s Central Bank (BCR) informed today that it has registered 80 Bitcoin service providers to operate legally in the country. Among the service providers registered with the BCR are: CHIVO, S.A. DE C.V., the company responsible for the government’s official wallet, Chivo; the Bitcoin custodians Paxos, 503 Escrow, Bitcapital, the startup Niu, and many...Read More
A study conducted by the cybersecurity company Kaspersky determined that approximately a third of the US crypto investors have had some portion of their stash stolen by hackers. Bad actors usually con victims by luring them to enter a counterfeit website or urging them to join a dubious investment platform. ‘People Need to Take Care...Read More
According to a recent Statista report, India’s crypto community could surge to more than 156 million members by the end of the year. Most people expected to jump on the bandwagon are educated younger individuals with middle-income status who seek alternatives to the shaking banking system. Indians Could Flock to Crypto in the Near Future...Read More
The “Vietnam Crypto Market Report 2022” revealed that 16.6 million Vietnamese own digital currencies, with bitcoin being the most popular asset. Another research conducted by Chainalysis placed the Asian country as the world’s cryptocurrency adoption leader, with a score of 1.000. Close to the Top The study, reported by a local media outlet, estimated that 16.6...Read More
One of the leading travel agencies in Latin America – Despegar – partnered with Binance Pay and Inswitch to enable clients to pay for tour packages in cryptocurrencies. For starters, the offering will be available only for customers in Argentina. Despegar Leads the Way The agreement, announced by the world’s biggest cryptocurrency exchange – Binance, turned...Read More
After a series of high-profile collapses and the ensuing regulatory heat in their wake, if you thought the crypto saga had hit a roadblock, you can’t be held wrong. However, a new survey by Paxos, the New York-headquartered blockchain technology company, offers a new spin to the tale. It says 75% of consumers are confident...Read More
There has been little movement in crypto over the weekend following the selloff last week. The broader market remains 65% down from its peak level in November 2021 as the bears remain in control. However, several prominent corporations have made moves into the sector recently, indicating confidence that things will turn bullish again at some...Read More
The cryptocurrency exchange Coinbase estimated in its latest study that every fifth American has already hopped on the cryptocurrency bandwagon. There are more HODLers among youngsters and people of color. Crypto Can Update the Financial System Coinbase surveyed over 2,000 American adults to determine their thoughts on the current global financial network and check their...Read More
Novotel Bahrain Al Dana Resort reportedly became the first hotel in the country to accept cryptocurrencies as a means of payment. Other hotels located on the Arabian peninsula that embraced digital assets during the past several months include W Dubai – The Palm and Palazzo Versace Dubai. Entering the World of Crypto According to recent...Read More
Coin Cloud, one of the largest Bitcoin ATM operators in the US and Brazil, filed for bankruptcy this January 8, leaving nearly $500 million in liabilities. The crypto winter and the collapse of major companies like FTX, Alameda Research, and Blockfi, among others, has left Coin Cloud suffering from its aftermath. According to Coin Cloud’s...Read More
According to a study conducted by Independent Reserve, more than 25% of Aussies are crypto HODLers. Bitcoin remains the most recognizable digital currency, as 90.8% of the participants admitted being aware of its existence. The Latest Figures in Australia The share of Aussies that own crypto assets has slightly shrunk compared to the figures from...Read More
American billionaire venture capitalist Tim Draper has reiterated his bullish support for Bitcoin despite the crypto winter intensified by the sudden crash of the FTX exchange. Draper predicted last June, during the bull market, that the leading crypto asset would reach $250,000 by the end of 2022. However, his prediction is less likely to happen...Read More
The island country located in the Caribbean region – Saint Kitts and Nevis – plans to turn Bitcoin Cash (BCH) into an official payment method inside its borders by March next year. The announcement positively affected the asset’s price, which jumped above $100. The Prime Minister of Saint Kitts and Nevis – Terrance Micheal Drew...Read More
The five-star hotel W Dubai – The Palm allowed guests to pay for accommodation in Shiba Inu (SHIB). Another luxurious venue in the city where travelers can settle bills in digital currencies, such as BTC and ETH, is Palazzo Versace Dubai. The American multinational fast food restaurant franchise – Subway – also jumped on the...Read More
One of the largest supermarket chains in South Africa – Pick n Pay – reportedly enabled customers to settle their bills in cryptocurrencies, including bitcoin. The offering covers 39 of the company’s stores located across the country. The National Children’s Advocacy Center also hopped on the bandwagon, allowing people to donate digital assets. The Latest...Read More
Today marks the 14th anniversary of the publication of the Bitcoin whitepaper. On this day in 2008, Satoshi Nakamoto released a nine-page document that began a financial revolution and birthed a trillion-dollar industry. On October 31, 2008, the pseudonymous Satoshi released the Bitcoin whitepaper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” to a cryptography mailing...Read More
