El Salvador President Nayib Bukele has clarified that the nation’s Bitcoin law only mandated Bitcoin acceptance among large corporations, rather than small merchants. When the law took effect, its contentious Article 7 hadn’t actually been enforced on anyone. The Nature of Article 7 The Bitcoin law – which made Bitcoin legal tender in El Salvador...Read More
Contrary to the current downturn in the crypto market, Harold Bossé, Vice President and New Product Development and Innovation at MasterCard, is bullish on the prospects of the industry. He said mass adoption of digital assets and blockchain technology is imminent under certain conditions. Millions of People Already Using Digital Assets Bossé expressed these thoughts...Read More
A month after adopting Bitcoin as legal tender, the Central African Republic (CAR) announced its first-ever crypto initiative – the Sango Project – designed to attract business and enthusiasts, take the Bitcoin legacy to the next level, and establish a so-called crypto island Sango with the Metaverse-related elements. An Initiative Set to Attract Investors Worldwide...Read More
The French fashion brand – Balenciaga – will reportedly embrace cryptocurrencies as a payment method for its products. Initially, the offering will be available at the firm’s US shops on Madison Avenue in New York and Rodeo Drive in Beverly Hills, Los Angeles. Balenciaga Catching the Crypto Wave According to a recent coverage, Balenciaga will...Read More
The professional soccer team based in Catalonia, Spain – RCD Espanyol – will enable fans to purchase game tickets, merchandise products, and food and beverages in several cryptocurrencies. The offering will be available with the start of La Liga’s next season (August 2022). The First in La Liga to Embrace Crypto Digital assets and the...Read More
The government of the Central African Republic (CAR) has reportedly passed a law to embrace bitcoin as an official payment method inside the nation’s borders. If successful, the initiative will turn the country into the first African state to execute such a move and the second globally after El Salvador. Bitcoin to aid the CAR’s...Read More
One of the most successful soccer clubs in Mexico – Tigres – partnered with Bitso to enable fans to purchase tickets in bitcoin. The latest cryptocurrency adoption does not end there, as the leading delivery platform in South America – Rappi – and the renowned provider of jewelry and precious metals – SFL Maven –...Read More
Over the week, several major news outlets ran stories covering the basics of cryptocurrencies like Bitcoin. One by CBS news claimed, “Crypto is not easy to spend.” That might have been true just five years ago, but in 2022, many national chain stores already accept Bitcoin. Here is a list of nine companies that accept...Read More
Israeli crypto custodian Fireblocks has partnered with FIS – the largest processing and payments company in the world – to bring crypto adoption to capital markets. FIS clients can now access a full suite of crypto investment solutions including trading, storage, and Defi. Bringing Crypto to Institutions According to a press release from the company,...Read More
Indria Kempis – Mexican senator for the State of Nuevo León – has introduced a bill to formalize the inclusion of virtual assets as a form of currency that may circulate in Mexico. However, it proposes that only the central bank can issue a digital currency, without any mention of Bitcoin. What Happened to the...Read More
According to research conducted by KuCoin, the growing number of Nigerians investing in crypto is propelled by the lack of proper fiat-based opportunities. The study revealed that over 30 million of Nigeria’s population had traded digital assets in the past six months. The Reasons Behind the Adoption KuCoin’s latest “Into the Cryptoverse Report” found out...Read More
Australia’s financial regulators have yet to approve plans by the Commonwealth Bank of Australia (CBA) to offer access to crypto products for its over 6.5 million customers. The regulatory watchdog says the onus is on the CBA to comply with laid-down rules and regulations for financial products. Opposition from the regulator has prevented the CBA...Read More
The autonomous region of Portugal – Madeira – and Prospera – a jurisdiction on Honduras’ Roatán island – will reportedly adopt bitcoin as an official payment method inside their borders. Residents from both territories won’t have to pay capital gains tax when buying or selling the primary cryptocurrency. Following El Salvador’s Path Bitcoin’s global popularity...Read More
The Bitcoin 2022 conference, which takes place in Miami, has been giving a lot to talk about. On this occasion, Peter Thiel voiced his opinion on Bitcoin’s enemies and talked about where he thinks Bitcoin is going in the future. This April 7, Peter Andreas Thiel, an entrepreneur, investment fund manager, and venture capitalist, best...Read More
Samson Mow – former CSO at Blockstream – revealed the Bitcoin adoption plans of three different global jurisdictions on Thursday. One of them includes Mexico – where the nation’s president has extended an invitation to Mow to discuss the possibility. Spreading Bitcoin Adoption Worldwide Speaking on-stage at the Bitcoin 2022 conference, Mow explained how he’s...Read More
CashApp – the mobile payment service developed by Block – announced many major Bitcoin-related upgrades on Thursday. One of the new integrations allows users to automatically convert their incoming paychecks into Bitcoin. Another Wave of Bitcoin Features CashApp is quite familiar with Bitcoin and its surrounding technology already. It already allows users to purchase Bitcoin...Read More
The newly appointed global head of digital assets for Goldman Sachs’ private wealth management division, Mary Catherine Rich, announced that the bank will soon offer investments in Bitcoin (BTC) and other cryptocurrencies to clients within its private wealth management group. In an exclusive interview for CNBC, Mary Rich said that Goldman Sachs was working hard...Read More
After becoming the home of multiple digital asset companies in the past few months, Dubai wants to enhance crypto adoption through other tactics. This time, a local school reportedly said it wants to start accepting digital asset payments as tuition fees. School in Dubai to Accept Crypto? According to the Zawya report, parents in Dubai...Read More
Florida may well be the next US state to accept cryptocurrencies for tax payments. “We will accept bitcoin, we’re working on doing that for payments in the state of Florida,” Governor Ron DeSantis noted on Tuesday. Gearing up for BTC Tax Payments Gov. DeSantis said he had asked the state agencies to find ways to enable...Read More
The country’s Deputy Financial Minister has refuted the recent speculations that bitcoin and other digital assets could be legalized in Malaysia. Instead, Mohd Shahar Abdullah said the nation will focus on issuing a central bank digital currency. CryptoPotato reported earlier this week that Malaysia’s Deputy Minister of the country’s Communication Ministry proposed that the nation...Read More
Today, the Central Bank of Honduras (CBH) assured that for now, the country has no intention of following in the footsteps of El Salvador, extinguishing the FOMO sparked by rumors about the possible adoption of bitcoin as a legal tender in the Latin American country. According to the statement, The Central American country maintains a...Read More
The US real estate investment trust – Noyack Logistics Income (NLI) – partnered with BitPay to embrace cryptocurrencies as a payment method. Moreover, the company became the first in its field to accept settlements of this type. NLI Jumps on the Bandwagon The latest organization to enable cryptocurrency settlements is the American alternative investment platform...Read More
Slate Street – a bank holding company headquartered in Boston – has partnered with crypto infrastructure provider “Copper” to launch institutional-grade digital asset custody for its clients. Upon regulatory approval, the firm will offer custody services for some of the most “active” cryptocurrencies including Bitcoin, Ethereum, Cardano, Solana, and Polkadot. “The firm will leverage its...Read More
The US food chain giant Shake Shack is reportedly offering its customers BTC as a reward for spending money at their burger chain using Cash App. Shake Shack is an American fast-casual restaurant that’s based in New York City. It has locations in multiple countries and over 6,000 employees. According to a recent report on The...Read More
Mike Novogratz, CEO of digital assets company Galaxy Investment Partners, predicted that the Russia-Ukraine war will boost crypto adoption and lead to the marginalization of the dollar. “This is a big deal, in a lot of ways. This is starting the acceleration of de-dollarization of the world,” he commented. The billionaire American investment banker made...Read More
The Canadian subsidiary of KPMG – one of the “Big Four” international accounting firms – has just confirmed the addition of Bitcoin and Ethereum to its corporate treasury. The purchase is said to “reflect the firm’s commitment to emerging technologies and asset classes”. According to a press release from Newswire, KPMG included carbon offsets alongside...Read More
By partnering with the bitcoin-centered company New York Digital Investment Group (NYDIG), UNIFY will become the first credit union to offer BTC services to its members. The collaboration was also joined by pro football player Safety John Johnson III. The announcement from earlier this week informed that UNIFY customers will now be able to buy,...Read More
Customers of U.S. financial service provider Five Star Bank will soon be able to securely buy and invest in bitcoin (BTC) directly from their bank accounts thanks to a partnership with NYDIG. Five Star Bank to Offer Bitcoin Trading Services New York Digital Investment Group (NYDIG) has struck a partnership with American-based Five Star Bank...Read More
Eric Adams – newly elected mayor of New York City – is following through on his promise to receive his first paycheck in Bitcoin. Some of his salary will even be converted to Ether – the second-largest cryptocurrency. The Paycheck Promise The City of New York confirmed the payment decision from its official site earlier...Read More
Bitcoin and cryptocurrencies are one step closer to mainstream adoption as NCR Corporation, a leading manufacturer of automated teller machines (ATMs), has enabled customers to buy and sell crypto assets on its more than 750k ATMs and digital touchpoints across 140 countries. NCR Acquires Crypto Firm LibertyX The development comes after NCR announced the acquisition...Read More
