Tagged: Crypto Adoption

Facebook with 2.8B Users and its Diem Initiative May Compete with Online Payment Platforms, but Bitcoin with $1T Market Cap Can’t be Ignored: Report

Researchers at Deutsche Bank (XETRA: DBKGn.DB /NYSE: DB) have published an update, titled The Future of Payments in which they look into whether Bitcoin (BTC) may offer any value to the financial system. The bank’s research team points out that Bitcoin or BTC’s market capitalization… 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

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

BitPay Says Fintechs Square and PayPal will Drive Bitcoin and other Cryptos to Become Globally Accepted Payment Method

The team at BitPay, a blockchain payment technology firm that allows users to accept and send Bitcoin and other cryptocurrencies, notes that even though 2020 was a “rollercoaster of a year for the world,” digital currency remains at the “forefront” of the future of finance…. Read More

Top Crypto and Blockchain Predictions for 2021 and Beyond – Part 1

Bitcoin (BTC) and other cryptocurrency platforms such as Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Binance Coin (BNB), Chainlink (LINK), and Polkadot (DOT) are being increasingly adopted by a diverse group of users across the globe. Many more institutions and fairly large publicly listed companies… 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

The Time of COVID: The Biggest Fintech Stories of 2020

2020 was a challenging year for the entire world. The ongoing health crisis surprised everyone as the world dove into a pandemic, pummeling the global economy and impacting everyone. In many respects, Fintech emerged as a beneficiary of COVID-19. Digital transformation of financial services were… Read More

Fintech and Crypto Adoption Remained Steady in Switzerland in 2020 Despite COVID-19: Report

The Fintech sector in Switzerland has been growing steadily and has been consolidating this year, a trend highlighted by the rising number of later-stage funding rounds and some of the first Fintech-related exits, according to the IFZ Fintech Study 2020. In 2019, Series B rounds… Read More

Scott Freeman: Co-Founder at JST Capital Says Bitcoin and Other Cryptos Exhibit Characteristics Found in Other Asset Classes

We recently connected with Scott Freeman, Co-Founder and Partner at JST Capital, a New York-based financial services firm currently focused on the digital asset market. The partners of JST have spent more than twenty years working in the traditional financial services sector. They’ve now entered… Read More

Many More UK Residents are Buying Bitcoin and Other Cryptos as British Pound falls to Lowest Level Against USD in 35 Yrs: Survey

Paxful, a leading peer-to-peer cryptocurrency marketplace, recently published the results of a survey performed with assistance from OnePoll on “the state of the financial climate” in the UK. As noted in a blog post by Paxful, sentiments include recent notions about the country’s traditional banking… 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

Fintech Is Playing a Key Role in the Growth of a Sustainable, Global Financial System, Ripple Exec Says

Monica (Appelbe) Long, SVP of Marketing at American Fintech Ripple, says that we’re all in the midst of a global climate crisis—”one that is impossible to ignore.” Long confirms that efforts are being made by many countries to “avert the worst-case climate scenarios.” Organizations and… Read More

Russia and Ukraine have “Disproportionately High” Cryptocurrency Usage with Many Locals Shifting Financial Activity to Digital Assets: Report

Eastern Europe has the fourth-largest cryptocurrency market in terms of total transaction volume, according to Chainalysis’ research. Ukraine and Russia, which are also part of the Eastern European region, have been ranked quite high on Chainalysis’ Global Crypto Adoption Index. It takes into consideration a… Read More

Asian Countries like India, Indonesia, Vietnam, Thailand have One of the Fastest-Growing Digital Asset Markets: Report

Cryptocurrency and blockchain technology adoption continues to rise, with banks, institutional investors, and everyday consumers now using these platforms to engage in everyday transactions or to implement various business use cases. According to Chainalysis, the “patterns of cryptocurrency usage” vary widely across the globe. The… 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

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