Tagged: Bitcoin Adoption

Remittance Payments to El Salvador can be Improved by Using Bitcoin or Other Crypto Rails Instead of Regular Money Transfers: Report

Nate Maddrey and the other researchers at Coin Metrics have shared their latest State of the Network Report. Published on June 15, 2021, the report from Coin Metrics notes that on June 9, 2021, the El Salvador Congress introduced a bill that officially made Bitcoin… Read More

Bitcoin has Given Investors in Emerging Markets Access to a High-Performing Asset: Report

2020 was a really important breakout year for Bitcoin (BTC), as an influx of institutional capital “spurred” the digital asset to set new all-time highs, Chainalysis notes while pointing out that many individuals and countries may have benefited from the booming prices in the crypto… Read More

Americans Plan to Buy Bitcoin, Stocks with Stimulus Money, Mizuho Survey Reveals

Approximately 10% of stimulus checks could go toward Bitcoin (BTC) purchases and stocks, according to Dan Dolev from Mizuho – which recently performed a survey asking respondents what they plan to do when they get their stimulus checks. Dolev, whose comments came during a CNBC… Read More

Over 100,000 Bitcoin Addresses were Holding $1 Million or More when BTC Price Briefly Surpassed $58K: Report

There are now around 100,000 Bitcoin (BTC) addresses that are holding more than $1 million worth of the cryptocurrency. The Bitcoin and crypto-mania has helped many individuals become millionaires (many almost overnight) as the digital asset continues to attract many more new investors including major… Read More

Nearly 40% of US Consumers like Tesla Inc’s Decision to Accept Bitcoin as a Payment Method, according to New Survey

Consumer sentiment regarding Bitcoin (BTC) as a legitimate payment method has changed significantly following the historic crypto market bull run, which is truly unprecedented. With BTC prices reaching all-time highs (briefly hitting $49,000) on the heels of Elon Musk’s tech firm Tesla’s announcement that they’ve… Read More

PayPal Says it Won’t be Purchasing Bitcoin or Other Cryptos but Will Capitalize on the Growth Opportunity Presented by Digital Assets

PayPal Holdings Inc (NASDAQ:PYPL) has reportedly stated that they won’t be purchasing cryptocurrencies like Bitcoin (BTC), the payments giant’s CFO John Rainey told CNBC on Thursday (February 11, 2021). Rainey clarified that PayPal would not be investing corporate cash (probably) “in sort of financial assets… Read More

Bitcoin Adoption: Small Business Owners in India Reveal how Accepting BTC Payments has Helped their Companies

Deepika, who writes blog posts for LocalBitcoins, a peer-to-peer Bitcoin exchange, has asked whether there are any small business owners in India that accept BTC as a form of payment for goods and services. Deepika notes that it can be inconvenient when a small business… Read More

Bitcoin Adoption: Nearly 1M Active LocalBitcoins Users in Q4 2020, while P2P Competitor Paxful Reports Steady BTC Trading Growth

Finland’s peer to peer (P2P) Bitcoin exchange, LocalBitcoins says that 2020 was an “extraordinary” year and during the past quarter (Q4 2020), the BTC price reached its all-time high and has continued to surge this year. Bitcoin (BTC) is trading at just over $38,000 at… Read More

All-time Record 22M+ Unique BTC Addresses Active on Bitcoin Network in Jan 2021, while Ethereum on Exchanges Hits Historic Low: Report

  Ethereum (ETH) held on digital asset exchanges recently hit a historic low. $ETH held on exchanges just hit an historic low. Over the past 30 days, 3.75M ETH worth $4.97 billion left exchanges, possibly for staking, DEXs or cold storage. pic.twitter.com/orkIrcgzRG — Bloqport (@Bloqport)… Read More

P2P Bitcoin Exchange Paxful Claims 5M Users Globally, May Introduce Support for More Digital Currencies and Crypto Debit Card

The team at Paxful, a leading peer to peer Bitcoin (BTC) exchange, acknowledges that 2020 was quite rough. They claim that even though it may have been the hardest year of many peoples’ lives, there were still some positive developments. In January 2020, Bitcoin was… Read More

Bitcoin and Ethereum Adoption Reaches Unprecedented Levels, Supported by Professional Athletes and Major Companies

Bitcoin (BTC) has become more intertwined with traditional financial markets because of changing macro conditions and a significant increase in institutional interest, according to a report from Coin Metrics.  Coin Metrics has noted that many researchers have looked into the fundamental differences between Bitcoin and… Read More

Multi Billion Dollar Hedge Fund SkyBridge Capital Files Documents with SEC for a Bitcoin (BTC) Fund

Anthony Scaramucci’s hedge fund SkyBridge Capital has submitted documents to the US Securities and Exchange Commission (SEC) for what seems to be the firm’s very first Bitcoin (BTC) focused fund. SkyBridge Capital, which manages around $9 billion in client assets, submitted a Form D for… Read More

OpenNode Celebrates Two Years Since Launch, Remains Focused on Supporting Bitcoin (BTC) Payments and Professional Business Invoices

The developers at OpenNode, which aims to offer a simple and reliable payments stack for businesses, notes that they had released the original beta version of their platform just two years ago. The OpenNode team writes in a blog post that they’ve grown really fast… Read More

OKCoin to Celebrate Bitcoin Whitepaper’s 12th Anniversary by Allowing Users to Buy BTC with Low Fees and Within 2 Minutes

OKCoin, a regulated digital asset exchange, notes that Bitcoin (BTC) is approaching its twelfth anniversary. The Bitcoin whitepaper was first shared publicly on October 31, 2008. The OKCoin team writes in a blog post that twelve years ago, we learned how secure financial transactions could… Read More

Daniel Polotsky: CEO at CoinFlip Says Company Plans to have Over 3,000 Bitcoin ATMs in the US by 2021

We recently connected with Daniel Polotsky, CEO at CoinFlip, a leading Bitcoin ATM operator in the US. Polotsky talked about how his company has grown since it was launched back in 2014. He also discussed CoinFlip‘s plans for next year while explaning how the company… Read More

Crypto has become “Truly Global” as P2P Bitcoin Exchanges like Paxful Facilitate Transactions in Developing Countries: Report

Cryptocurrency adoption has been growing steadily across the globe, according to Chainalysis’ Global Crypto Adoption Index. As mentioned in a report from the blockchain security firm, the majority of cryptocurrency volume reflects trading and speculation that was conducted by professional or institutional investors that were… Read More

Bitcoin (BTC) Payments Now Accepted at Billion Dollar Food Delivery Giant, Just Eat in France, but Consumers Not Impressed

Billion-dollar food delivery giant, Just Eat in France, is now accepting Bitcoin (BTC) payments. Just Eat had been allowing users to pay with Apple Pay, Google Pay, PayPal, and also with their credit cards through its website. Other traditional payments options such as checks and… Read More

Canada based Middle Eastern Restaurant Converts Entire Cash Reserves to Bitcoin (BTC) following COVID-19 Outbreak and Resulting Challenges

Ontario, Canada’s Tahinis Restaurants, which claims to be the world’s best Middle Eastern restaurant, revealed that it has converted its entire cash reserves into Bitcoin (BTC), the flagship cryptocurrency. The company explained that it experienced significant challenges during the historic market crash in March 2020,… Read More

Bitcoin Adoption: $1 Million or More in BTC now Held by Over 13,000 Cryptocurrency Addresses

There are currently more than 13,000 Bitcoin addresses that are now holding at least $1 million worth of BTC, according to Glassnode data. You would have to own around 108 BTC, at current prices, to become a US dollar millionaire (in Bitcoin). The number of… Read More

Stablecoins are “Systemically Important” to Bitcoin’s Ecosystem, as Number of Addresses with 1,000 BTC Increases by 8.9% in Past Year: Report

The number of Bitcoin addresses holding at least 0.1 BTC has again hit a new all-time high. Glassnode data reveals that there are now 3,054,282 Bitcoin addresses holding 0.1 BTC, valued at around $950 at current rates. As previously reported, the last all-time high was… Read More

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