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HSBC, Standard Chartered, and Bank of China Pressured by Hong Kong to Embrace Crypto Exchanges – Next Crypto Hub?
15.6.2023
Hong Kong’s banking regulator has reportedly exerted pressure on banks including HSBC, Standard Chartered, and Bank of China to engage with crypto clients.
During a meeting last month, the Hong Kong Monetary Authority (HKMA) questioned why the banks had not accepted crypto exchanges as clients...
Bitcoin-Based Strike Debuts Lightning Network Cross-Border Payments in Mexico – Crypto Adoption on the Rise
15.6.2023
Bitcoin payments firm Strike has extended the reach of its cross-border payments service to Mexico, as the company aims to leverage the country’s expansive remittances market.
As of June 14, 2023, the company has introduced its 'Send Globally' service to the third largest country in Latin America....
AI automation could take over 50% of today’s work activity by 2045: McKinsey
15.6.2023
Management consulting firm McKinsey & Co believes AI will have the “biggest impact” on high-wage workers
Nansen Report: Arbitrum Airdrop Had Positive Impact on Adoption of Network Amid Negative Crypto Market Conditions
14.6.2023
According to a new report by blockchain analytics firm Nansen, the airdrop conducted by Arbitrum has led to an all-time high in both the number of users and transactions on the network.
This development comes despite significant bearish sentiment in the broader markets.And while the surge...
Ripple welcomes MiCA regulation as US lawsuit highlights lack of clarity
14.6.2023
Ripple's operations gear up in Europe and Asian markets despite an ongoing lawsuit instituted by the U.S. Securities and Exchange Commission
Belgium: Burger Chain to Accept Crypto Pay – Is Adoption on the Rise?
14.6.2023
The Belgian arm of the French fast food chain Black & White Burger has announced that all its stores in the nation will accept crypto payments.
Per the media outlets L’Echo and L’Avenir, the chain also says it has created a “mystery burger,” which will only be made available to customers paying...
With the rising adoption of Solana, the DigiToads presale poses an interesting prospect
13.6.2023
Solana (SOL) has been making headlines in the crypto industry, bouncing back from a transient downturn due to FTX’s bankruptcy and hitting the ground running with a notable uptick in January. The SOL token regained its upward trajectory, boasting an impressive 100% increase. What triggered...
Bank of China Uses Ethereum Blockchain for $28 Million Digital Structured Notes – Crypto Adoption on the Rise?
13.6.2023
Bank of China's investment arm BOCI has utilized the Ethereum blockchain network to issue $28 million worth of digital structured notes.
The bank has become the first Chinese institution to issue this type of tokenized security in Hong Kong, global investment bank UBS said in a recent press...
Developer Uncle Rockstar shares the key to Bitcoin adoption: BTC Prague 2023
13.6.2023
Rockstar believes that as more quality Bitcoiners join, support, communicate, and collaborate with each other, Bitcoin will continue to rise
China Hopes Hard Wallets Will Spur Digital Yuan Adoption – CBDC Focuses on ‘Elderly & Children’
13.6.2023
A Chinese city says it is rolling out offline digital yuan “hard wallets,” with the nation targeting CBDC uptake among “elderly citizens and children.”
Per Changsha Evening News, the city of Changsha, Hunan Province, has announced it will debut “elderly and children-friendly” digital yuan hard...
AI Chatbots Weigh In: Is Bitcoin Poised to Become a Global Reserve Currency?
10.6.2023
While some people believe that bitcoin (BTC) could become a global reserve asset, others are skeptical. Rather than relying on human subjective valuations and biases, we conducted an experiment to let artificial intelligence (AI) determine whether bitcoin could become a global reserve currency....
ARK Invest Buys $19.9 Million Block Shares as Cathie Wood Stands Firm on Crypto
9.6.2023
Cathie Wood's Ark Investment has purchased around $20 million worth of Block shares as the crypto investment firm stand remains committed to crypto.
According to data provided by ARK Invest Daily Trades, ARK Invest acquired a total of 305,573 shares of Block across six intervals between June...
Crypto Card Adoption Rising in Brazil, Say Issuers – LATAM Taking to Crypto?
9.6.2023
Crypto credit card adoption is on the rise in Brazil, issuers have claimed, with more Latin American users than ever reportedly buying and spending tokens.
Per the Brazilian media outlet Livecoins, Brazilians are not just buying crypto, but also using coins, instead of fiat, to pay in stores.
The...
Bitcoin payments exec shares adoption challenges in the Philippines
8.6.2023
Pouch founder Ethan Rose said that they've managed to convince 400 businesses to accept Bitcoin in the Philippines
Economics of Bitcoin ATM market could hinder wider adoption
7.6.2023
Bitcoin of America’s shutdown in Connecticut highlights the obstacles for companies operating crypto ATMs
Crypto Exchange Bybit Announces AED 1 Million Scholarship Fund at UAE University
7.6.2023
As the regulatory environment in the United States become too hot to handle, cryptocurrency exchanges continue expanding their reach for better business environments. The United Arab Emirates (UAE) presents as one of these greener pastures. One of the most popular exchanges in the world, Bybit,...
Cboe Digital receives nod for margin trades on its crypto futures exchange
6.6.2023
Amid regulatory uncertainty, the approval has been seen as a small win for the U.S. crypto market and institutional investors
DeFi aggregation: Paving the way for mass adoption
5.6.2023
The DeFi revolution is transforming our financial landscape and empowering everyday people to take back control over their assets
US Senators Express Concerns over El Salvador's Bitcoin Adoption – What's Going On?
4.6.2023
El Salvador’s adoption of Bitcoin as a legal tender has caused concern among American lawmakers, who are calling for a risk report on the potential impact on bilateral economic relations and law enforcement cooperation.
Last month, US Senators Jim Risch and Bob Menendez reintroduced a bipartisan...
Circle Set to Launch USDC Stablecoin on Ethereum Scaling Solution Arbitrum – Stablecoin Adoption on the Rise?
2.6.2023
Circle, the US-based payments firm which issues the USD coin (USDC) stablecoin, is set to launch its coin natively on Arbitrum, an Ethereum (ETH) scaling solution, with the kick off scheduled for June 8.
In a statement released on June 1, Arbitrum Foundation said that USDC issued by Circle is...