Crypto Adoption

Blockchain technology has been developing at an impressively fast rate. Various industries worldwide are shaping their narrative by using blockchain technology to suit individual qualities and needs. About 12% of the energy and resources industries around the world are using blockchain. Other sectors, such as media companies, adopt blockchain to enforce digital rights and payments to content creators. Blockchain adoption in Latin America and Africa has been off to a slow start, but these regions are now catching up to…

Blockchain Service Network (BSN) is China’s national blockchain backed by the nation’s State Information Center, China Mobile, UnionPay, and others. Reports have it that BSN, sponsored by the Chinese government, is moving to initiate the integration with public blockchains such as Ethereum and Nervos Network. This is coming after it was noted last week that BSN is using Chainlink Oracles towards the enhancement of the speed and security of transactions taking place on-chain. It appears that this new development bodes well for…

Collecting virtual items connected to a blockchain network in transparent ownership tracking isn't new. However, a 2016 platform dubbed "Rare Pepe Wallet" developed by Joe Looney was the first platform where people could buy tokens to represent virtual trading cards on a Bitcoin blockchain. However, it took CryptoKitties' to turn the concept into a game in November 2017. Cryptokitties brought a rise in digital collectibles built on cryptocurrency. The rising trend clarified that cryptocurrency and gaming are a perfect match. …

On May 27, the lower parliament in Antigua and Barbuda passed a cryptocurrency regulation bill to make the country a digital asset-friendly destination in the Caribbean. The cryptocurrency regulation bill is a regulatory framework known as “The Digital Assets Business Bill 2020,” aimed at regulating cryptocurrency firms operating on the island as well as in protecting both exchanges and their customers. One of the key features of the bill is the compulsory license which every business related to digital assets must obtain to…

Blockchain and cryptocurrencies became famous in 2008 with Satoshi's whitepaper on Bitcoin. Since then, there have been numerous debates over the two terms. One of the most sought-after answers is which of the two is better. Is it blockchain or cryptocurrencies? Notably, the blockchain is more instrumental in any industry than cryptocurrencies. That's primarily based on the fact that the blockchain is the underlying technology behind cryptocurrencies. However, despite being engineered on the blockchain, cryptocurrency's dominance in the fintech industry…

Are governments keen to regulate cryptocurrencies to prevent financial fraud and protect citizens, or are they using regulation to Stifle Decentralized Finance? "What Was TON And Why It Is Over" is the title that was given to the parting statement made by Telegram's co-founder after Telegram was recently forced to abandon the TON blockchain project. After a continuous legal battle with the US Securities Exchange Commission (SEC), this ensued, which accused Telegram of conducting an illegal ICO sale and issuing…

A central government or authority does not control cryptocurrencies, and they have a fixed supply, which makes their devaluation via inflation mostly nonexistent. Many people consider cryptocurrencies short-lived and unreliable, mainly as it could be unclear what affects their value. Besides, many enthusiasts don't know if it is possible to predict future crypto prices.   Crypto prices primarily depend on the value consumers place on them. A positive attitude from society is, therefore, vital to the value of crypto assets.  There…

The biggest bank in the U.S., JPMorgan Chase, is now reportedly dealing with U.S. crypto exchanges Coinbase and Gemini as customers. On May 12, the Wall Street Journal (WSJ) reported that this is the first time the bank has served clients from the cryptocurrency industry. It was reported that both exchange accounts were accepted last month and the bank has started processing transactions. It is noteworthy that the bank is not processing Bitcoin or other crypto transactions on behalf of the exchanges,…

Regulations in the cryptocurrency space have been a major point of focus. In February this year, Treasury Secretary Steven Mnuchin noted that cryptocurrency regulations will soon arrive in the United States. Some people consider cryptocurrency regulations as a hindrance to innovation and adoption. However, the cryptocurrency space is at higher risk due to the absence of clear regulation. Due to unclear regulations, numerous cryptocurrency exchanges have moved their base to other countries. Recently, Jason Williams of Morgan Creek Digital featured…