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New Law Will Ban Crypto Pay in Russia (Again) as Miners Struggle to Convince Central Bank to Legalize Industry
9.6.2022
Crypto advocates are still facing an uphill struggle in Russia – where MPs are expected to vote in favor of a proposal that will ban the use of “monetary surrogates” as a form of payment. And it appears that crypto miners are yet to persuade the influential Central Bank Governor Elvira...
Which Markets Could Benefit the Most from Crypto?
3.6.2022
Pavel Matveev is the CEO and Co-Founder of the major blockchain-based payments platform Wirex.
__________...
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Global Insurers Start Investing in Crypto Amid Risk-On Investment Approach
2.6.2022
Global insurers aim to maintain a risk-on investment approach, with higher allocations to private equity, green bonds, and middle-market corporate loans, but also cryptoassets, according to a report by Goldman Sachs Insurance Asset Management.
The survey represents the views of 328 chief...
Central African Republic Moves Ahead With Its Crypto Hub Initiative Despite World Bank's Concerns
26.5.2022
Central African Republic (CAR) President Faustin-Archange Touadéra is readying to launch a new crypto project, dubbed Sango - the first crypto initiative that is designed to strengthen the country’s image as an emerging African crypto hub.
“For us, formal economy is no longer an option,”...
What Is Cryptocurrency Utility and Why It’s Important for the Development of Crypto Payments
21.5.2022
James A. Ray, Board member at Kyrrex financial ecosystem. _____Cryptocurrencies have come a long way in the recent decade, evolving from a marginalized payment method for questionable transactions to publicly traded instruments on the largest global exchanges. Nonetheless, these drastic changes...
More Confidence By Banks Could Trigger 'Second Wave' Of Crypto Adoption - Expert Panel
27.4.2022
Asia-focused banks and financial institutions consider there is a need for more regulatory clarity across the region, but also more confidence by financial institutions to trigger what could become the “second wave” of crypto adoption across the region, according to the participants of a debate...
Financial Stability Board, IMF Warn of ‘Cryptoization’ Risks in Wake of Russia-Ukraine War
20.4.2022
The Basel-based Financial Stability Board (FSB) has echoed sentiments expressed by the International Monetary Fund (IMF), with both bodies warning that in the wake of the war in Ukraine, an “acceleration of cryptoization in emerging markets” could be on the cards....
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Quantum Simulations Predict that Merchant Crypto Adoption Could Spread in 'Cliques'
19.4.2022
Quantum computer simulations conducted by researchers at quantum computing startup Multiverse Computing and the Bank of Canada have shown that crypto adoption among merchants can spread in “cliques of firms”, as individual firms generally base decisions on what their partners do....
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Plan to Become a ‘Cryptoassets hub’ May Just Be the UK Government Hedging Its Bets
15.4.2022
Matthew Shillito, Lecturer in Law at the University of Liverpool. ______
In a busy start to April 2022 for the British chancellor, Rishi Sunak announced his intention to make the UK a “global hub for cryptoassets technology”. Put simply, this means he wants the country to be an attractive...
Crypto-Powered Ukrainian Charity Launches Debit Card for War Victims
8.4.2022
The crypto community-backed charitable venture that earlier received a USD 2.5m fund boost from the Ethereum (ETH) co-founder Vitalik Buterin has announced it has launched a charity crypto debit card that will allow Ukrainian users to access funds and humanitarian aid....
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Crypto ETPs & ETFs to Surpass USD 120B Under Management in Six Years – Analysts
6.4.2022
The assets under management (AUM) in crypto-backed exchange-traded products (ETPs) and exchange-traded funds (ETFs) are likely to surpass USD 120bn by the year 2028, fueled by institutional demand and possible US policy changes, according to analysts at Bloomberg Intelligence.
This figure...
About 50% of Surveyed Crypto Owners Made Their First Buy in 2021 - Gemini
4.4.2022
Nearly half of the surveyed crypto owners made their first crypto purchase last year, according to a survey commissioned by crypto exchange Gemini.
Specifically, some 50% of cryptoasset owners from the US, Latin America, and the Asia Pacific region bought their very first crypto in 2021,...
Singaporean Court Recognizes Crypto as Property in Theft Case
24.3.2022
The High Court of Singapore, the lower division of the country’s Supreme Court, has issued a ruling in which, for the first time, it recognizes crypto as property and grants proprietary injunctions against persons suspected of its theft....
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Robinhood Unveils New Debit Card That Promises Bonuses For Crypto Investments
23.3.2022
Amid an intensifying competition for customers, the US online trading platform Robinhood has rolled out a new cash card that offers various rewards to its users, including crypto bonuses, with a waitlist available to the platform’s customers.
"The Cash Card builds on our mission to democratize...
Crypto Banned as a Payment Method in Thailand, Trading Intact
23.3.2022
Thailand has banned the use of cryptocurrencies as a means of payment for goods and services in the country, saying that their use could threaten financial stability and the national economy.
According to a notice published on the website of Thailand’s Securities and Exchange Commission (SEC)...
Report: Number of African Cryptocurrency Users up by Nearly 2,500%
22.3.2022
The number of cryptocurrency users in Africa grew by almost 2,500% between January 2021 and January 2022, while the average number of monthly transactions went up by 1,400%, a new report by Kucoin has said. Widespread Adoption of Cryptocurrencies According to a new report by crypto exchange Kucoin...
Ex-Regulator Tells US Senators That Crypto Can ‘Empower and Protect the Innocent’
17.3.2022
United States Senators will hear testimony today on crypto and its role in the world of crime – but a former senior regulator has warned that politicians coming down too hard on the crypto sector risked throwing out the baby with the bathwater.
The Senate’s Committee on Banking, Housing,...
Bitcoin Is Helping Both Sides in Ukraine War, But It Won’t Wreck Russian Sanctions
6.3.2022
Gavin Brown, Associate Professor in Financial Technology, the University of Liverpool._____
War is expensive. The United States spent about USD 1.1tn on the 2003 Iraq war in today’s money, while the Falklands war cost the UK the equivalent of about GBP 2.6bn (USD 3.4bn). ...
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Ukraine Outranks Russia in Crypto Adoption Index as War Starts
24.2.2022
As Russia's president Vladimir Putin ordered a full-scale invasion of Ukraine, and Bitcoin (BTC) might play a role on both sides of the conflict, Ukraine is seemingly better prepared to embrace the nascent monetary technology.
As a reminder, in October 2021, crypto analysis firm Chainalysis,...
More Investors Enter Crypto But Keep Multiple Financial Service Providers - Survey
18.2.2022
Crypto ownership is on the rise, but investors are not abandoning traditional financial services as a result of their intensifying interest in cryptoassets. On the contrary, crypto investors are more likely to use multiple financial services providers than the general population is, suggests...