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Who said Bitcoin is bad for payments? The 6th edition of Visa’s Global Back to Business study found that nearly a quarter of small businesses plan to accept crypto transactions in 2022 – including Bitcoin. Rapid Crypto Adoption Incoming? According to the study, 82% of small and micro businesses (SMB’s) will accept some form of digital payment option this year. Meanwhile, 73% see getting new forms of payment as essential for growing their businesses. “Of those surveyed, 24% said they…

Parler, a self-proclaimed free speech platform launched an NFT collection featuring former President Donald Trump. The 10,000 NFTs will feature Trump in a variety of settings, from the U.S. Congress and beyond. It will also feature other influential figures, including rapper Ye (Kanye) West and billionaire Elon Musk. The social media network popular among U.S. conservatives partnered with Jon McNaughton to produce the art. McNaughton, a conservative American artist, hand-painted hundreds of images to create the collection. According to the press…

Jack Dorsey has begun yet another quest to expand the security and adoption of Bitcoin worldwide. His company Block Inc. has confirmed its plans to develop a global Bitcoin mining system. The CEO confirmed the news in a tweet today, with a team member explaining details on the project in a thread. A Mission To Decentralize Mining According to Thomas Templeton – Block’s general manager for hardware – Block’s goal is to make mining “more distributed and efficient”. This includes…

Another nation may be on the way to adopting a Bitcoin standard, making the cryptocurrency legal tender. Lord Fusitu'a – a former Tongan MP – recently said that he expects his country to pass a Bitcoin legal tender law by the end of the year. The bill is intended to model El Salvador’s Bitcoin law, which made it an official currency in September. Is Tonga Next? Fusitu’a offered his prediction in a tweet on Friday, outlining the steps to put…

Pakistan's authorities consider a complete ban on crypto after a scandal that cost thousands of investors $100 million. A committee headed by the bank's deputy governor recommended a complete ban on crypto. On Thursday, Sima Kamil, deputy governor of the State Bank of Pakistan (SBP), submitted the findings to the provincial court. After a careful risk-benefit analysis, it emerged that risks of cryptocurrency far outweigh its benefits for Pakistan. The committee cited concerns over the balance of payments, losses to…

On-chain statistics represent a new methodology designed to gain more insight into the crypto market. However, as a new industry, the blockchain sector initially faced an apparent lack of data, with consequent difficulties in realising accurate analyses. Finally, we are entering a more mature market phase after several years. For example, one prominent crypto community member has recently pointed out that Bitcoin (BTC) prices appear to be pushed more and more by retail investors. This article will sum up the…

Solana led other significant cryptos in recovery after a powerful endorsement from a central U.S. investment bank. Its price rose over 7% in the last 24 hours. For comparison, Bitcoin, Ethereum and BNB rose less than 1% in the same period. Solana’s strong performance resulted from a powerful endorsement by a major player. Specifically, Bank of America covered Solana in a research note to its clients. The investment bank said Solana could become the "Visa of digital asset ecosystem" and…

After inspiring El Salvador’s government to adopt a Bitcoin standard, Strike is expanding its operations to another central American country. Yesterday, CEO Jack Mallers announced Strike’s launch in Argentina and were set to act as a cost-effective remittance service using Bitcoin. However, it would seem that in-wallet assets are stored in neither dollars nor BTC, using Tether instead. Strike’s Significance In Argentina Mallers revealed his company’s expansion in a tweet on Tuesday, alongside a thread explaining its significance. “Today, we…

With discussions for a US-based CBDC underway, forces are already acting to ensure it doesn’t mimic China’s digital yuan. For example, Tom Emmer – a Republican House member – recently introduced a bill preventing the Fed from issuing a CBDC directly to individuals. Stepping Away From Authoritarianism Emmer announced the bill in a tweet on Wednesday, attached to a thread explaining its purpose. He insisted that a United States CBDC must ensure financial privacy, cultivate innovation, and maintain the dollar’s…