Crypto Adoption

Though Bitcoin has been at its most oversold point since March 2020, long-term investors haven’t taken their eyes off the ball. Ex-Goldman Sachs CEO Lloyd Blankfein believes the crypto industry is “happening”, having matured significantly in 2021. As a result, he suggested that now could be a great time to invest, much like other devotees buying this week’s dip. A Rapidly Growing Ecosystem Blankfein aired his thoughts on the industry in an interview with CNBC’s Andrew Sorkin on Monday. Sorkin…

Talks about Bitcoin in Brazil are commonplace, but concrete political action has now been taken to adopt it. Eduardo Paes – mayor of Brazilian city Rio de Janeiro – recently announced plans to invest 1% of the city’s treasury in Bitcoin. His city will join a list of other political jurisdictions making small allocations to the cryptocurrency, eyeing its long-term potential.  Rio Hops On Bitcoin Paes announced the city’s new plans in a presentation at Rio Innovation week in conversation…

Not so long ago, banks were skeptical and outright against the adoption of cryptocurrencies. However, the crypto market has had unprecedented growth in the last few years. Furthermore, it addressed the misconceptions concerning digital currencies. In 2021, it shouldn’t come as a surprise that the tables have turned. Now, banks see the crypto space in a new light. However, only recently, New York regulators wanted to gain more control over Bitcoin. Fortunately, the Wall Street executives managed to influence banks…

Eric Adams is already proving successful on his promise to make New York City a cryptocurrency hub. CityCoins – a community-led project built on Stacks – has chosen to develop a new crypto token to support New York City. This is the second city-based token the community has built following Miamicoin. Introducing NYCCoin CityCoins community leader – Patrick Stanley – discussed the news in a recent telephone interview with Bloomberg. He said that CityCoins had been deliberating whether to launch…

Ted Cruz – Republican Senator and Representative of Texas – wants to impose an El Salvador-esque mandate on Capitol Hill. He has put forward a brand new legislative proposal that would require all of its vendors to accept crypto payments. Also, Cruz has proven extremely supportive of cryptocurrencies before. And, his proposal could help other politicians become more familiar with the technology. Ted Cruz’s Proposal Two days ago, the Senator submitted the ‘‘Adopting Cryptocurrency in Congress as an Exchange of…

The Reverse Bank of New Zealand (RBNZ) is seeking the public's input on the possible introduction of central bank digital currency (CBDC). They are looking to introduce the digital version of Kiwi. It is part of the bank's response to the digital advancements in payments and money. The Push for Digital Currency Adoption The Assistant Governor of RBNZ Christian Hawkesby said in a statement: ''A Central Bank Digital Currency would see the features and benefits of cash enjoyed in the digital world,…

SEBA bank announced it had become the first Swiss bank to get a digital assets custody license. However, this license limits the bank to provide crypto custodian services for institutions only. Switzerland Eyes Digital Banking FINMA has permitted SEBA to be the pioneer in the regulated crypto era in Switzerland. However, the license has conditions that it is only valid for nation-native institutional-grade investment projects. As per Guido Buehler, CEO of SEBA bank, his institution has been enjoying excellent business…

El Salvador is a country in Central America that borders the Pacific Ocean to the north. It also borders Guatemala to the southeast and Honduras to the southwest. It has recently adopted Bitcoin as its legal tender. BTC is now a lawful means of payment in the country. For some time now, many countries have turned their attention to the "future of finance." This act has triggered numerous reactions worldwide. Also, many countries take sides between backing and condemning crypto adoption.  Why…

Cryptocurrencies are gaining popularity at a fast rate in recent times. A cryptocurrency is a form of electronic currency that uses a digital ledger to record its transactions. However, third parties like the Central banks do not have control over cryptocurrencies. The growth rate and profitability of these currencies have attracted the attention of many people. Nowadays, many celebrities are already in the crypto business. This article will expound on the famous people who have invested in crypto-related projects and…