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There's no doubt that Bitcoin is an excellent and highly profitable investment asset. Investors globally, especially holders, made millions recently when Bitcoin increased in prices. In fact, as the coin is currently retracing, investors are maximizing bitcoin's volatile nature.  However, even though the coin is profitable, some investors do not have access to its benefits. The requirement of technical expertise and the risky nature of the coin always makes investors shy away.  Some platforms have been coming up recently, including bitcoin trusts,…

El Salvador is officially the first country to adopt bitcoin as legal tender. The president, Nayib Bukele, commented that the move would see the majority of its citizens access bank services for the first time. Besides, it will save over $400 million in fees on remittances sent home from overseas. Last year alone, remittances to El Salvador came to close to $600 billion. It represents about 23% of its total gross domestic product. It makes it one of the highest…

The UK financial watchdog FCA has cautioned on the dangers of buying crypto-assets hyped by celebrities like Kim Kardashian. The head of the UK's Financial Conduct Authority (FCA), Charles Randell, criticized Kim Kardashian for promoting an untested cryptocurrency on Instagram. He noted that Ms. Kardashian advertised the little-known cryptocurrency Ethereum max to more than 200 million Instagram followers. Ms. Kardashian did not reveal the amount she got for the advert. However, a 2019 court filing revealed she could earn up to £361,000 for a…

Britain’s Financial Conduct Authority (FCA) said that developing regulations for digital currencies requires efficient planning over time. The announcement comes after public consultation on regulating crypto-assets. Some celebrities also came into the limelight to promote questionable cryptocurrencies. Most receive vast sums of money to push new altcoins to their followers. It works because their fans trust them to promote legit products. However, most of these have turned out to be pure scams. The Need for Powers to Regulate Crypto In…

Shop.com, a United States-based e-commerce platform, now allows Bitcoin payments. It is among the latest sites to drive crypto adoption. The announcement comes after a survey revealing that crypto holders and non-owners have a clear interest in crypto payments. It explains why a lot of companies are trying to add crypto payment options to their checkout. Partnering With BitPay Shop.com has partnered with BitPay, a crypto payment service provider, to make the transactions possible. Companies use BitPay services to act as a…

The TRON (TRX) DeFi ecosystem counts another milestone in terms of total value locked (TVL). Justin Sun, its founder, made an official announcement on Twitter that TRON’s TVL has surpassed $11 Billion.  In an open letter he wrote on September 4, he mentioned how proud he was of TRON. He also acknowledged the growth that the project has seen since its launch in 2018.  TRON Evidently Grows Recently, TRON has hit the $11 Billion mark because of the general positivity…

Switcheo Network has announced the launching of a non-fungible token (NFT) marketplace under Zilswap. A Zilliqa-based Decentralized finance ecosystem, Zilswap will host the accessible and inclusive NFT environment in collaboration with the Switcheo platform. The Switcheo platform is a second-layer interoperability network. Additionally, it is compatible with the Ethereum network because of the revolutionary powered cross-chain bridge by the network. This will allow minting, trading, and storage of non-fungible tokens (NFTs) on Zilliqa. Banking on NFT The craze around NFT has outgrown the Ethereum…

Crypto advocates Mike Novogratz and Charles Hoskinson believe that cryptocurrencies could have eased the financial crisis in Afghanistan. After the Taliban invasion, locals and foreigners attempted to exit the country only to find their accounts under Taliban control. The situation proved that safe banking control and central governments take away financial freedom. Novogratz, in a recent investor call, warned of a foreseen wealth confiscation. He offered Bitcoin as a solution considering its decentralized nature. Charles Hoskinson also called an end…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $2,295 trillion. Bitcoin is up by more than 3% as it trades again above $50k. Ethereum closes in on the $4,000 level with a 23% increase over the week. XRP is up by roughly 12% in comparison to last Sunday Solana, Dogecoin, and Polkadot end the week with significant value boosts. The DeFi sector…