Crypto Adoption

Investors across the globe have always avoided the crypto market for its baffling qualities. The crypto world is renowned for its volatile prices that can ordinarily see prices fluctuate by a margin of up to 20%. This is why large investors are skeptical about joining the market. Sleeping a rich man and waking up impecunious as you lost all your wealth is common. However, the United States Securities and Exchange Commission, SEC, to join the industry might change the perception of…

There is usually a symbiotic relationship between the adult entertainment industry and changes in technology. For example, the adult entertainment industry exploded with the World Wide Web invention in 1990 by computer scientist Tim Berners-Lee. The adult entertainment industry prides itself on being technology conscious and is usually at the forefront of adopting and popularizing emerging technology. This has been historically witnessed in the early adoption and popularization of VHS tapes and internet payment systems. And with the immense growth…

The promotion of the cryptocurrency to be utilized as a payment means for Japan’s huge public transportation system in being championed by the exchange DeCurret. However, the exchange has just restructured its capital. On Apr. 10, the exchange released a press release announcing the issuing of new shares valued at 2.75 billion yen (about $25 million) in a third-party shares allocation. The firm is planning to utilize the capital towards the enhancement of transaction services for existing virtual currencies and expanding digital…

Cryptocurrency has evolved from a geeky fad to a stable market ready to rival traditional banking systems' self-entitled positions. Its promises of instant asset transfers, low or non-existent transaction fees, and decentralized networks are irresistible to many sectors out there. In today's unstable environment, several industries are already adopting cryptocurrency, and others strongly consider it. Considering the obvious advantages that crypto integration brings, we look into how some of these sectors may change forever once they make that decisive step…

Recently, the adoption of Russia’s major crypto law known as “On Digital Financial Assets” got finalized. Nevertheless, according to reports, Anatoly Askakov, the chairman of the Russian State Duma Committee on financial markets, said that the bill wouldn’t get adopted before the end of spring of 2020 due to the Covid-19 pandemic. Askakov claimed that the previous delays in the bill’s adoption occurred because of the disagreement on the new asset type between local authorities. He highlighted that the central…

Binance enters the Korean market with Binance KR, a trading platform deploying Binance Cloud Following the launch on April 1, users will be allowed to register and deposit digital assets such as BTC, ETH, BNB, and BKRW  Binance continues accusation spree with a nearly finalized deal to acquire digital currency data aggregator CoinMarketCap  On March 31, 2020, Binance exchange revealed plans to launch Binance KR, a cryptocurrency exchange platform, to serve the Korean users on April 2, 2020. User registration…

The approval for mainstream use in cryptocurrency remains a central theme, and crypto debit cards have been adopted as a great way to bridge the gap between traditional finance and digital currencies. These cards have introduced significant transaction speed, privacy, cost, and convenience improvements. Crypto debit cards have eased the combination of cryptocurrency and fiat currency, where cardholders can make transactions and payments at restaurants, cinemas, retail outlets, and other places. In addition, when spending cryptos, you often don't require much-specialized…

KB Kookmin, South Korean biggest bank sets to launch crypto custody service for cryptocurrencies including BTC and ETH. Local news reported that KB Kookmin filed a trademark application for KB Digital Asset Custody (KBDAC) with the Korean Intellectual Property Office. According to the Korean Intellectual Property Office, the bank applied for KBDAC as a trademark that relates to investment, advisory, and trading of cryptocurrencies. The office says that trademark registration takes a minimum of six months and a maximum of…

The Russian government could soon create regulatory sandboxes for companies working on cutting-edge technologies like artificial intelligence and distributed ledgers. A Russian Federal Ministry has initiated legislation that would legalize crypto and its underlying blockchain technology within a particular regulatory jurisdiction. Local news reports say that the Ministry of Economic Development has assembled a draft law that will allow the testing of crypto and blockchain development within unique 'regulatory sandboxes.' A few days ago, the draft was introduced to the…