Crypto Adoption

Tim Draper, the founder of Draper Venture Network and Draper University announced his intentions to invest in Indian crypto startups. The news follows the lifting of a ban on crypto trading in the country. A heavy critic of the ban by the Indian government, Draper is hopeful that the best ideas prevailing in the Indian crypto industry. The Indian Government is among several that are anti-crypto. He notes that the Supreme Court ruling signifies how best ideas ultimately prevail, having…

Opera users residing in the U.S can now buy cryptocurrencies with their debit cards and Apple Pay accounts, the Norwegian company has said.  The users can access the new service on Opera Touch, the firm's flagship Android and iOS browser. Additionally, the service is available via a crypto wallet embedded in its desktop browser. Blockchain-enabled Browser Opera introduced the first Blockchain-enabled browser In December 2019. It features a built-in crypto wallet and Dapp explorer. It later integrated the inbuilt wallet…

An announcement on March 17th stated that Coinbase card users can now add it directly to their Google Pay wallets. The exchange's card is a Visa debit card funded with crypto, enabling users to spend directly from their Coinbase accounts. Google Pay gives the exchange's card customers a fast, secure way to buy items using their smartphones. Additionally, the Google Pay app enables Android users to purchase things using their crypto balance in the safest way possible. Coinbase claims to…

Cryptocurrencies are designed with sophisticated encryption and are part of a decentralized cash system. This means that cryptocurrencies are secure, only available in digital form, and don't have government interference.  As the world moves towards an eco-friendly existence, this paperless transaction is quickly gaining popularity. Millions of people have already started using this currency for their business transactions. A study estimated that there are more than 84 million active cryptocurrency wallets. Many people in different industries accept cryptocurrencies, and freelancers…

On the 16th of March 2020, the Reserve Bank of Zimbabwe (RBZ) announced its plan to implement new crypto regulations. The news comes after the central bank banned banks from processing crypto payments back in 2018. The local news report stated that the RBZ is already drafting a policy framework to guide crypto-related firms’ operations in Zimbabwe. Zimbabwe Central Bank’s Deputy Director on Crypto Regulation The deputy director of financial markets and national payment system at Zimbabwe’s central bank, Josephat…

On the 9th of March 2020, the Human Rights Foundation (HRF) announced it would begin accepting charitable donations in BTC via Twitter. HRF also revealed that it would use the BTCPayServer platform, a completely open-source program, making it impossible to censor transactions. BTCPayserver is a code. In this case, it ensures the transaction’s privacy, and it preserves the qualities of bitcoin that distinguishes it from fiat currencies. UNICEF and Save the Children Charitable Organizations, Accepts Crypto In October 2019, UNICEF…

Cryptocurrency Legislation Over the past 4-5 years, the legislation of cryptocurrencies, blockchain, and similar instruments has become one of the most critical regulatory authorities' tasks. Even though regulation is of utmost importance, the sudden spark has its reasons. Scrupulous practices such as ICO scams, exchange hacks, unregulated creation of monetary schemes, etc., have made it necessary. As a result, governments worldwide acknowledge the importance of regulatory oversight for keeping a check on the space. This has received a lot of…

The deputy governor for the Bank of England (BoE), Jon Cuncliffe, warned that the crypto economy’s exponential growth might weaken or end bank credit issuance. Cuncliffe pointed out this while delivering a speech at the London School of Economics on the 28th of February. Cuncliffe stated that BoE’s role is to ensure that the UK’s money works safely and reliably. The BoE official predicted that the integration of stablecoins on social media platforms, including the Libra project, could result in…

The company behind Cardano, IOHK, recently announced that it started prioritizing education this year. The company is mainly focusing on the development and expansion of its educational materials in 2020 as it transitions fully into the Shelley era. There is already a comprehensive plan for 2020 to broaden educational materials by the company’s education team. The team’s primary aim is to enhance the understanding of their technologies using various learning and trading assets.  IOHK also aims to offer knowledge and…