Crypto adoption

1INCH to Become Very Attractive for Investors Following its Attempt to Reduce Gas Costs

1INCH to Become Very Attractive for Investors Following its Attempt to Reduce Gas Costs

1inch Network recently made an announcement that is to make the protocol very tractive for crypto investors. The platform announced it has carried out the implementation with aim of reducing gas costs. 1INCH Initiates v5 Router As per the latest announcement by the 1inch network, the transaction costs for their offerings in the decentralized exchange (DEX) segment would be significantly reduced. The communicated reduction is at least 10% in the gas costs. This would eventually make the Ethereum network more affordable for investors and other kinds of users. The latest move by the 1inch network is very profitable for the…
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Two Major Cryptocurrency Exchanges Faced Latency Issues On November 8

Two Major Cryptocurrency Exchanges Faced Latency Issues On November 8

November 8 turned out to be the worst nightmare for millions of cryptocurrency users as two major crypto exchanges ended up facing downtimes. Kraken and Coinbase Faced Outages On November 8, a huge number of users ended up on two major cryptocurrency exchanges and complained about the platforms either facing latencies or facing downtimes. The names of the particular cryptocurrency exchanges were Kraken and Coinbase. Both platforms rank among the top 5 cryptocurrency exchanges in the entire cryptocurrency industry. On that particular day, a great level of turbulence was observed in the cryptocurrency industry. It was because of this turbulence…
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Moscow Sees Massive Growth in Number of Bitcoin-Powered ATMs

Moscow Sees Massive Growth in Number of Bitcoin-Powered ATMs

Not even the war has been effective in curtailing the growth of crypto activity in Russia, particularly in Moscow. Instead, the interest in digital currencies and activities relating thereto have increased tremendously in Russia. Recently, Moscow saw massive increase in the number of Bitcoin-powered automated teller machines (ATMs). An editorial was also published in the daily Russian newspaper namely “Kommersant” which recorded the phenomenal growth. Currently, there are several hundred Bitcoin-powered ATMs that have been rendering digital teller services throughout Russia. However, the biggest chunk of such machines are installed in Moscow, the capital of Russia. The massive growth in…
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Crypto Industry in the UAE is to Make Major Waves throughout the International Market

Crypto Industry in the UAE is to Make Major Waves throughout the International Market

The UAE has been making waves in recent years as it tries to become one of the biggest and boldest tech hubs in the world. And as it continues to invest in various other types of technology, there is a real possibility that the country soon become a major hub for crypto as well. In fact, many analysts are saying that the crypto market in the UAE is a tsunami that is currently in the making. the waves that this tsunami will make can disrupt more traditional forms of finance, as DeFi and banking start to merge. 2022 saw the…
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Spain Becomes Third Biggest Hub for Crypto ATMs, Overtaking El Salvador

Spain Becomes Third Biggest Hub for Crypto ATMs, Overtaking El Salvador

Spain has officially become home to the third-biggest network of crypto ATMs, with the US and Canada in first and second place. As of now, Spain has 215 crypto ATMs, which puts El Salvador, which has 212 crypto ATMs nationwide, in fourth place. Spain Makes Up For 0.6% of Crypto ATMs Globally According to CoinATMRadar, Spain makes up about 0.6 percent of crypto ATM installations worldwide, and overtook El Salvador, which was previously in third place, by an additional 3 ATMs. Additionally, the data shows that Spain is Europe’s biggest hub of crypto ATMs, as it accounts for 14.65 percent…
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Mastercard Puts Efforts For Introducing Crypto Into Everyday Payment Affairs

Mastercard Puts Efforts For Introducing Crypto Into Everyday Payment Affairs

A great deal of focus has been put by Mastercard on five crucial areas concerning crypto for introducing crypto payment mechanisms in everyday payments. An executive of the electronic payment giant suggested that the day is not far when crypto payment will overtake electronic payment cards. At least five crucial areas on which the electronic payment giant, Mastercard, has been focusing these days were discussed on 12th October 2022. Mastercard’s latest initial In Progress In the discussion, Mastercard revealed that it is working tirelessly on achieving an objective wherein cryptocurrencies may be introduced into everyday payments. Mastercard’s EVP of Digital…
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Circle Acquires Elements To Increase Cryptocurrency Payments Scalability

Circle Acquires Elements To Increase Cryptocurrency Payments Scalability

On September 29 at the Converge 22, Circle made a major announcement promising for the cryptocurrency community. Circle Acquires Elements Circle, a major financial technology firm announced during an event that it had acquired Elements. It is a major payments orchestration platform as well as a merchant for the same services. The services that the platform offers are developer-first. Circle’s Roadmap has enhanced Circle had reportedly started working on its roadmap and acquiring Elements was part of its agenda to enhance its cryptocurrency payments acceleration. The firm has announced that following the acquisition of Elements, its roadmap for the enhancement…
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GameStop Forms a New Partnership with FTX US

GameStop Forms a New Partnership with FTX US

GameStop, a major gaming retailer in the United State has announced it has formed a partnership with FTX US. GameStop and FTX US Join Hands The major gaming retailer has announced that it has formed a partnership with FTX US, a major cryptocurrency exchange operating in the United States. The exchange is operated and headed by Sam Bankman-Fried. GameStop has been interacting with the world of cryptocurrencies for a long time. However, it expedited its cryptocurrency adoption by the end of 2020. Since then, the gaming retailer has continued seeking more and more exposure in the cryptocurrency industry. In early…
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Weekly NFT Sales for BAYC & MAYC Surged By 150% and 93.41% Thanks To Eminem

Weekly NFT Sales for BAYC & MAYC Surged By 150% and 93.41% Thanks To Eminem

NFT market was already growing immensely but another major push to it has been given by globally famed American rapper and hip-hop artist Eminem when he revealed to the public that he too has bought an expensive NFT collection of Bored Ape Yacht Club which cost him US$ 425,000 roughly. The push has been duly capitalized by the NFT market of Bored Ape Yacht Club and Mutant Ape Yacht Club after Eminem’s disclosure. Two of the most attention and investment-seeking NFT projects of today are Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC). Since the past week,…
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Reserve Bank of India Declares Crypto as an Instrument of “Fraud” & “Consumers’ Nightmare”

Reserve Bank of India Declares Crypto as an Instrument of “Fraud” & “Consumers’ Nightmare”

Reserve Bank of India (RBI) had never lent out any sort of recognition nor any support to digital currencies ever, however, it has been continuously discouraging Indian to beware of them because they are instruments of “fraud” and “consumers’ nightmare”. It recently shared the same point of view when RBI said that engaging with cryptocurrencies may lead to consumers’ nightmares and expose them to risks of fraud and extreme volatility. The Financial Stability Report has recently been compiled and made public by the Reserve Bank of India (RBI). The report is comprehensive in nature as it expands over 150 pages…
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First Swiss Digital Asset Custody Creates Token Backed By Gold

First Swiss Digital Asset Custody Creates Token Backed By Gold

SEBA, a Swiss bank that touts itself as the future bank, has created a digital gold token backed by actual gold. The bank CEO, Guido Buehler, said that gold has always been an essential commodity in financial markets, citing the commodity’s impressive market cap, which lies in trillions of dollars. Buehler revealed that gold had proven to be a trusted shield against inflation as well as a significant investment to protect capital. The Concept And Potential Benefits Today, the firm launched the digital token, regulated and tied to real gold. The bank disclosed that users could exchange the digital token…
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Purchasing Products With Digital Assets Not Against The Law –  Bank Of Thailand

Purchasing Products With Digital Assets Not Against The Law – Bank Of Thailand

A high-ranking executive of the Bank of Thailand (BOT), Sakkapop Panyanukul, made an effort to define the BOT's position on digital assets. Panyanukul revealed that the primary financial institution in Thailand was presently deliberating on guidelines for the emerging market and is in talks with other financial regulatory bodies in the country on the matter. He revealed that the goal of regulations was minimizing the harm to participants in the emerging ecosystem. Panyanukul disclosed that trade was being carried out in Thailand with cryptocurrencies. He said these transactions did not breach any laws. He, however, warned those engaging in these…
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El Salvador’s Government Buys Bitcoin Again As The Price Drops Lower

El Salvador’s Government Buys Bitcoin Again As The Price Drops Lower

El Salvador has purchased an additional 150 Bitcoins. The country's Bitcoin stash is now edging closer to 1,300 tokens. The country's reserve in Bitcoin is worth just over $60 million at the moment. The government did this after the biggest downward market trend since it hit its most recent peak, near $69k. The president disclosed the latest purchase as the crypto price dropped to almost $46k, a drop of over 15% in price.  Details Of The Transaction  The government disclosed that they purchased the coin around the $48k price point. The market value will go lower to the $42k price…
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US SEC has Approved another Bitcoin-Linked ETF

US SEC has Approved another Bitcoin-Linked ETF

There is another Bitcoin-bound ETF that is going to be listed on a major equity exchange in the USA in the next week. As reported by media, the Securities and Exchange Commission has changed its stance on holding out approval for Bitcoin ETF applications. The newly appointed SEC Chief, Gary Gensler, shared a new condition for the ETF applicants if they want to get a green light for their projects. According to the new conditions, the Bitcoin ETFs are going to be tied to the other derivatives related to the flagship cryptocurrency rather than directly depending on the top coin.…
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Bitcoin Adoption: Volatility Makes It Unsuitable, BoE Chief Says

Bitcoin Adoption: Volatility Makes It Unsuitable, BoE Chief Says

Bitcoin leads the other cryptocurrencies in the race to become adopted as a legal tender across the world. The world’s first cryptocurrency has now been legally adopted by South American country, El Salvador, as its legal tender. The nation set history in September by becoming the first nation to adopt Bitcoin. Since then, the crypto community has hoped that other countries will join El Salvador to begin using Bitcoin for official transactions. While that could potentially happen, we are still a long way from that day when every country will officially accept cryptocurrencies for payments. Some of the most important…
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Crypto Investors have Taken an Interest in Shiba Inu Token During the Price Drop

Crypto Investors have Taken an Interest in Shiba Inu Token During the Price Drop

The price movement for the Shiba Inu token has slowed down currently. A few weeks ago, Shiba Inu underwent a massive bullish wave and managed to climb up to 12th rank on the crypto leaderboard right next to Dogecoin. Dogecoin is the first set of canine cryptocurrencies that created a lot of buzz in the cryptocurrency market. Following the immaculate performance of Dogecoin, several other meme canine tokens entered the market. One of these tokens is Shiba Inu that has now been dubbed as the Doge Killer. A technical expert like Edward Snowden has warned the investors against taking an…
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Mayor Eric Adams Wants to Introduce NYC Coin for New York

Mayor Eric Adams Wants to Introduce NYC Coin for New York

Decentralization has a strong following even in the United States of America as there are official members of the state rooting for cryptocurrencies and or presenting the higher members of society ideas of developing new tokens for different states. Miami, for one, holds a very prominent spot in this activity. The mayor of Miami was extremely eccentric and enthusiastic around the idea of decentralization, but instead of going for dedicated crypto, they launched their own token known as Miami coin. Now it is more of a trend, and other states, especially New York, want to do the same. The New…
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Ripple has Launched Liquidity Hub for Institutional Customers

Ripple has Launched Liquidity Hub for Institutional Customers

Ripple is among the most tenacious cryptocurrencies there are; it is currently battling out a lawsuit with the most powerful organization in the United States, none other than the Securities and Exchange Commission. This has somewhat backfired in the overall planning and approach of Ripple to expand its business activities in the USA, but in every other country, the business for Ripple is booming. Being a tenacious cryptocurrency means that XRP never had to go through a rough patch of imminent corrections catching up to it, and it is among those cryptocurrencies which remain consistent in terms of value and…
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El Salvador has Decided to Build 20 Bitcoin Schools Using Bitcoin Profits

El Salvador has Decided to Build 20 Bitcoin Schools Using Bitcoin Profits

El Salvador remains the only country to accept Bitcoin as a legal tender to this date. Many other countries have ferociously talked about this opportunity to make Bitcoin a legal tender, but these were only talks at their best and nothing related to the motion or progression of these talks turning into reality. Many amazing projects have been launched and deemed successful in El Salvador despite the fact that both the World Bank and IMF advised El Salvador not to go through with the transition of making Bitcoin a legal tender. There were many obscure judgments and predictions that if…
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Miami Mayor will Take his Next Salary in Bitcoin

Miami Mayor will Take his Next Salary in Bitcoin

Francis Suarez is the current and possibly the next elected Mayor for the city of Miami. The politician who hails from the Republican Party has been considered to have massive followership and popularity among the electors. Suarez claimed a few months ago that he plans to use the power of cryptocurrency to upgrade the financial and economic condition of Miami. The slogan seems to be working effectively for his election campaigns. The City of Miami recently arranged a general election in the first week of November this year. The results indicate a huge success probability for Suarez. According to the…
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