Cryptocurrency

The world is replete with cases of governments frustrating crypto usage or adoption. Could you ask anyone about the most crypto-suppressive nations? The chances are that they'll mention China besides other planned economies. Moreover, the crypto stances of many western governments have yet to be encouraging. Countries like America haven't cracked down on digital assets. On the contrary, they've shown open skepticism for them. However, though they've shown support, it has always been half-hearted. It's driven more by their reluctant…

Nickel Digital’s recent survey suggests Institutions in the UK have plans to expand their crypto investments. According to the firm, half of the companies in the survey are ready to increase their crypto-asset tallies by 2023. Out of the 23 companies in the discussion, six stated that they would boost their investments in cryptocurrencies. The Tale of Crypto Adoption Nickel Digital places the UK as a hotspot for institutional crypto investments. The firm believes a country is a good place for hedge…

On August 19, Worldline, a European payment service, and Bitcoin Suisse launched an Omnichannel crypto payment tool called WL Crypto Payment. The launch comes two years after the two became partners to speed up crypto adoption. WL-Crypto Payment Tool Bitcoin Suisse and Worldline introduced an omnichannel payment solution that will help Swiss merchants accept payments in crypto. Buyers in Switzerland can now buy items in bitcoin and Ether as payment options. Using crypto will be as effortless as using traditional…

Disruptive technology is the type of tech that radically changes the way consumers, businesses, and entire industries operate. Blockchain technology is one of the most disruptive technologies of the 21st century. It has completely revolutionized banking by eliminating 3rd party intermediaries like banks and money transfer firms with its peer-to-peer transaction support. No one would have thought of a day when banks aren't needed in the financial world. Consequently, customers have taken note, with adoption rates rapidly picking up. Yet…

Bitcoin’s price is stuck around $46,000 and has not moved higher even though there is some strong momentum and buying. Over the past few months, Bitcoin has been moving up and down by up to 50%. This week, it managed to cross above the 40,000 marks after being below the level for about two months. The cryptocurrency and blockchain market, in general, has risen to $8.7 billion in just the first half of 2021 compared to $4.3 billion in the…

Cryptocurrencies are thriving in the financial sector, proving to be lucrative and viable investment plans in today's markets. Real estate has been there for a while, and many investors have grown fond of its market. However, real estate garners fewer returns compared to cryptocurrencies. That's why a big company like Tesla, in February 2021, purchased $1.5 billion in Bitcoin.  What is Cryptocurrency? Cryptocurrencies are alternatives to fiat money in digital assets that people use to buy goods, services, and investments. It…

BitMEX exchange has agreed to pay $100 million to settle the charges by the U.S. Commodity Futures Trading Commission (CFTC) and the Financial Crimes Enforcement Network (FinCEN) unit of the U.S. Treasury Department. The lawsuit arose from BitMEX unlawfully accepting customer funds to trade cryptos without registration. In addition to this, they failed to conduct customer due diligence. According to CFTC and FinCEN, this went on for six years with U.S. customers. What the Lawsuit Entailed The order found that…

The infrastructure bill is a US senate proposed bill that aims to spend over $1.2 trillion developing infrastructure. This bipartisan $1 trillion infrastructure bill results from the years of hard work to improve the American infrastructure systems.  It includes lump sum spending on developing roads, rails, power, environment, drinking water, airports, and many more. The main issue with this trillion-dollar bill is the way to fund the projects.  In a 2700 page document, the infrastructure bill contains new regulations that…

What asset should I Invest in this year? The above question troubles every investor at some point in their investment life. It's the desire of an investor to put their money in assets that have excellent returns and the best prospects. However, in a financial world with many investment options, it could be hard to select the type of investment and precisely the asset to work with. Primarily, a crypto investor wants to find a sustainable asset performing well in…