Adoption

Americans consistently outnumber their northern neighbors regarding interest in using and investing in cryptocurrencies, according to a recent Ipsos survey. The results show that 24% of Americans would use crypto to purchase goods and services, versus just 18% of Canadians. Underwhelming Canadian Interest As reported by Bloomberg, Americans are also more likely to take advantage of technology in more sophisticated ways. These include avoiding cross-border banking fees (19%; 14%) sending remittances (14%; 11%) and sheltering their wealth from taxes (17%;…

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…

Brian Armstrong, CEO of Coinbase, has announced a new feature that boosts convenience for regular traders on his company’s platform. Users can now deposit some or all of their paycheck directly to their Coinbase wallet. Straight To The Coinbase Exchange Coinbase’s blog announced that the new feature will save users time from steps formerly necessary for transferring money. Rather than manually moving funds from their PayPal or bank accounts, traders can send their paychecks directly to Coinbase. This makes life…

Vietnam Ministry of Finance has warned citizens against the dangers of illegal trading and investing in cryptocurrencies. This comes following the growing popularity of cryptocurrencies, particularly bitcoin in the Asian nation.  A primary concern for authorities  As per a report from local news outlet Vietnambreakingnews the Ministry of Finance put out the warning on March 2nd, the story says that the ministry is wary that cryptocurrencies are associated with high-tech crimes in the nation.  The ministry noted that crypto trading…

Since its early days, the cryptocurrency market has been looking towards national governments to facilitate global adoption. However, they may have been barking at the wrong tree all along. New state regulations for crypto use and blockchain implementation are necessary. But, their application is tediously slow. Global payment processors like Mastercard and Visa can accelerate the process. Their latest projects show that they are finally ready to embrace cryptocurrency. Why now? Well, that’s what we’re trying to find out today!…

The volatile nature of cryptocurrency makes it a great investment opportunity. When correctly harnessed, cryptocurrency investments can be very profitable. However, there is a wide variety of cryptocurrencies in the market, and some are more volatile than others. The more volatile it is, the higher the investment risk. The risks and uncertainty brought about by this volatility constitute a significant setback as it makes some people hesitant to embrace cryptocurrencies. Moreover, this constant shift in price and value also makes…

The Lightning Network is significantly dropping, as reported by the Defi Pulse on the 14th of March.  Charts are indicating the total value locked (TVL) in Lightning Network, revealed an over 2-day period drop. The figure dropped to $4.30m on the 13th of March, from $7.073m the previous day, and thus a decline of about 65% in a day. Bitcoin’s crash accelerated the most long-short liquidations on BitMEX in 16 months. Bitcoin dropped from $7200 to a low of $5675…