NewsRoom Articles - Page 59 of 183

FridayNov 11, 2022 11:15 am

How Elon Musk’s Acquisition of Twitter Could Impact Crypto Adoption on Social Media

As web3 technologies gradually gain prominence, many companies anchored in web2 technology are amending their services and products in order to accommodate the new web3 technology. After Elon Musk completed acquiring Twitter and taking the publicly traded company private, many are wondering how this ownership change is likely to impact the adoption of cryptocurrencies on social media in general. At the moment, Facebook has pivoted and rebranded itself as Meta, and the social media giant wants to position itself as the gateway into the metaverse. Instagram, also owned by Meta, revealed that it would soon be adding functionality to its…

WednesdayNov 09, 2022 12:00 pm

Fidelity Launches Commission-Free Cryptocurrency Trading to Investors

Fidelity Investments, one of the leading brokerage companies globally handling more than $9.9 trillion in assets, has announced that it will be making crypto trading available to its retail investors at no commission. Last week the company allowed intending traders to join a waitlist of those who will be granted access first once the trading platform is opened for business. Through Fidelity’s fully owned subsidiary, Fidelity Digital Assets, retail investors will be able to sell or buy Bitcoin as well as Ether, in addition to making use of the other trading and custodial services availed by Fidelity Digital Assets. Fidelity…

MondayNov 07, 2022 12:45 pm

Canadian Government to Consult on Cryptos, CBDCs, Stablecoins in New Budget

The federal government of Canada has announced that it plans to examine central bank digital currencies, stablecoins and cryptocurrencies. This revelation was in the recently released mini-budget statement. Deputy PM Chrystia Freeland released the 2022 Fall Economic Statement, which serves as an update on fiscal policy during a given budget year. That statement contained a section focused on laying out what plans the federal government has for the crypto industry. The government revealed in the statement that it needed to keep pace with the different ways in which the digitalization of money as well as cryptos were transforming Canada’s financial…

FridayNov 04, 2022 11:15 am

South African Retail Giant Pick n Pay Expands Crypto Payments Pilot Project

Pick n Pay, arguably the largest grocery chain in South Africa, has announced that it is expanding a pilot program aimed at gradually introducing cryptocurrencies as another way through which its customers can pay for their purchases. This change was announced a few weeks after the country’s Financial Sector Conduct Authority officially declared that cryptocurrency assets were now formally regarded as financial assets within the country. This declaration paved the way for such assets to start being regulated, and the move also opened the door to cryptos being used as a mainstream form of payment. In a statement released by…

WednesdayNov 02, 2022 11:15 am

Blockchain, Crypto Industries See New UK Premier as Good

Rishi Sunak, the newly elected prime minister of the United Kingdom, is being seen as a positive force that could pave the way for the blockchain and cryptocurrency industries to grow at a faster pace. Sunak has a history of being positive with regard to the possibilities presented by the industry. Aside from being the youngest PM of the UK in about two centuries, Sunak has a lot in common with younger people, including his view that of cryptocurrencies as viable investments for the future. According to recent surveys, individuals between 21 and 42 years of age believe that cryptos…

MondayOct 31, 2022 12:45 pm

Austin-Based NGO is Using Crypto and Blockchain Tech to Help Vulnerable Kids

The problem of children living in unhealthy or dangerous situations is almost as old as humanity, and many organizations have stepped up to help. One such organization is Upbring, based in Austin, Texas. This nonprofit is tapping innovative ways to help kids in need, and the novel technologies of cryptocurrencies and blockchain tech are offering exciting opportunities for this organization. Serving at least 11,000 kids throughout Texas, Upbring is focused on providing foster care, resettlement and education for the children it helps. The organization has 75 locations spread throughout Texa, and carries out its mission through those locations. The company’s…

FridayOct 28, 2022 10:30 am

New Study Finds Global Shortage of Blockchain Technology Developers

A recent study undertaken by Financial Express has found that while the blockchain technology industry is growing rapidly, there is a significant shortage of developers that have the requisite skills to power this industry forward. According to the report, the annual growth rate of the blockchain industry is at an astounding 45% each year. At the current availability levels of developers, the future may see an immense talent shortage if the industry sustains its current level of growth. This study looked exclusively at India. India is miles ahead of other countries in Asia in terms of adopting blockchain as well…

WednesdayOct 26, 2022 11:15 am

Spain Leapfrogs El Salvador into Third Place as Top Crypto ATM Nation

Spain has pushed El Salvador into fourth position and taken the third position as the country with the biggest number of cryptocurrency ATMs. At the moment, Spain has 215 ATMs while El Salvador has 212 ATMs as of the latest count. Globally, Spain now commands a 0.6% share of all the capacity of installed crypto ATMs, but it is the top nation in Europe with 14.6% of all the crypto ATMs installed on the continent. Switzerland comes in second with 144 ATMs, Poland is third in Europe with 142 ATMs while Romania takes fourth place with a tally of 135…

MondayOct 24, 2022 12:45 pm

Samsung to Leverage Blockchain Tech to Boost User-Device Security

In a recent announcement, technology giant Samsung revealed that it was turning to blockchain tech in its bid to develop an additional security layer to its smart devices and consumer electronics. The new blockchain network, dubbed Knox Matrix, is designed to operate as an independent network whose sole purpose is to give millions of Samsung device users the added security and protection that they need. The company revealed that the blockchain network would be operational on all Samsung devices regardless of the operating system running those gadgets. This means that devices having Tizen, Android or other operating systems would all…

FridayOct 21, 2022 11:15 am

Binance Announces $500m in Loans to Cryptocurrency Miners

Binance, the top crypto exchange in the world on the basis of the volumes traded daily, has announced that it is going to make half a billion dollars available as loans to firms engaged in cryptocurrency mining. This lending program is intended to support blockchain infrastructure providers as well as Bitcoin mining entities at this time when the industry has been subjected to immense headwinds resulting in the massive loss of market value. Binance Pool said in a statement that they had an obligation to play a positive role in maintaining a blockchain and crypto ecosystem that was healthy. This…