US Banks on Verge of Accepting Bitcoin as Legitimate Asset Class
A move by US banks to adopt Bitcoin could be a huge call to legitimize the entire crypto industry and is likely to influence other global banks.
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A move by US banks to adopt Bitcoin could be a huge call to legitimize the entire crypto industry and is likely to influence other global banks.
BitPay is joining forces with Apple Pay as more institutions are inclining toward cryptocurrencies, influenced by Tesla’s $1.5B investment in Bitcoin.
Leading cryptocurrency exchanges are rushing to add support for assets based on the Algorand blockchain. The recent additions will allow users to deposit and withdraw assets such as Tether (USDT) and USDC using the Algorand protocol. Users will also be able to trade those assets for other cryptocurrencies in a seamless manner.
Cryptocurrency can transform the way we exchange goods and services, but establishing a baseline sense of stability is a prerequisite to the expansion of this technology.
A Bitcoin ETF has been approved in North America. Canadian securities regulators on Thursday approved the first publicly traded Bitcoin exchange-traded fund Purpose Bitcoin ETF.
The crypto industry in Africa and India is still nascent as the countries are just beginning to come to terms with what this new technological advancement means for their financial industry.
According to the analysis, the ratio between Bitcoin market capitalization and thermocap suggests the asset could surge another 135% in the near future.
Crypto traders and investors as well as companies are expected to be given a three to six month transition period to liquidate their digital holdings after the new law is made officially.
The Miami mayor who’s been an advocate for Bitcoin and cryptocurrencies revealed that he wants to make his city the most attractive in the United States for those in the crypto and blockchain industry.
With PayPal being a CBDC distributor, more customers would be interested in its products, especially those related to crypto.
Unlike most DeFi projects that solely focus on Ethereum, Kava provides a decentralized finance solution for different assets.
The GoodFi crypto DeFi alliance is a non-profit initiative launched with the goal of getting 100 million people putting at least $1 billion in DeFi by 2025.
BNY Mellon said that the bank will leverage its in-house technical expertise as well as collaborate with other FinTech industry players to speed up its development of crypto custodial solutions and provide the best services to its clients.
Uber’s comment on considering crypto payments came after electric vehicle company Tesla announced its Bitcoin investment.
CEO Dan Schulman noted that the volume of crypto transactions on PayPal exceeded expectations.