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Tag Archives: Bitcoin Adoption

Nigeria SEC Says It’s Well Equipped To Regulate Cryptocurrencies

According to new reports today, the Commission has further explained that the move was part of its effort to protect investors, and it is well equipped to provide the required regulations.Last week, the Securities and Exchange Commission, Nigeria (SEC Nigeria), published a proposed set of regulations for the cryptocurrency and blockchain space, given the increasing importance of regulation.Making The Crypto Space ComfortableCommenting on the development, Emomotimi Agama, Head, Registration,...

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Nigeria SEC Releases Proposed Cryptocurrency Regulations

The Nigeria Securities and Exchange Commission (SEC) has released a proposed cryptocurrency regulation guideline while classifying crypto assets as securities.Crypto Regulations UnderwayAccording to an official release on Monday (September 14, 2020), the Nigeria SEC announced that the commission is looking at a three-pronged approach towards regulating the crypto industry. The SEC also stated that the aim of the proposed regulation was to promote market efficiency and transparency and not...

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From 2-Man Team to The Leading Crypto Aggregator in 2020’s DeFi Craze: CoinGecko’s Story (Exclusive Interview)

CoinGecko is, without a shred of doubt, one of the largest cryptocurrency data aggregators. The index has shown impressive growth over the past year following a renewed interest in cryptocurrencies as the total market cap grows in 2020.Data from SimilarWeb shows that CoinGecko has hit a considerable number of almost 25 million users in August alone.It’s safe to say that it’s one of the veteran crypto venues and a household name for the industry. CryptoPotato had the chance to reach Bobby Ong,...

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Report: The US and China Lag Behind Ukraine and Venezuela in Cryptocurrency Adoption

A report compiled by the blockchain forensics company Chainalysis indicated that cryptocurrency adoption is growing globally. By exploring four key metrics and separating the data country by country, the firm’s Global Crypto Adoption Index 2020 showed that Ukraine, Russia, and Venezuela lead the way.The metrics take into consideration the purchasing power parity (PPP) per capita. They measure on-chain cryptocurrency value received, on-chain retail value transferred, the number of on-chain...

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Tax Payment in Bitcoin and Ethereum Will Soon Be Accepted In Zug Switzerland

Zug, a canton in Switzerland, will be the first canton to start accepting cryptocurrency for tax payment purposes starting from February 2021.Zug Canton Partners with Bitcoin Suisse for Crypto Tax PaymentAccording to an announcement by the canton on Zug on Thursday (September 3, 2020), taxpayers in the canton will have the option of paying taxes in Bitcoin (BTC) and Ethereum (ETH). The crypto tax payment option which is open to both individuals and companies will see taxpayers pay taxes to...

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Adoption: Pornhub Premium Now Accepts Bitcoin and Litecoin for Payments

Launched back in 2007 in Montreal, Canada, Pornhub is undoubtedly one of the largest, if not the largest adult websites out there.Pornhub Premium is the company’s source for HD adult videos, where users have to pay a fee to watch, and now they can do so using Bitcoin and Litecoin.Pornhub Premium Accepts Bitcoin and Litecoin PaymentsPornhub Premium, the HD arm of the popular adult website Pornhub, has announced that it now accepts Bitcoin and Litecoin as payment methods.To further expand our...

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Short Bitcoin (SBTC) ETP Launched on Germany’s Xetra Electronic Exchange

After the launch of short Bitcoin (SBTC) ETP on Boerse Stuttgart, Germany’s second-largest stock exchange, the crypto trading product is now available on Xetra. This is a significant breakthrough for 21 Shares, which has already tasted success with eleven other institutional-grade crypto exchange-traded products.Short Bitcoin ETP Gets Listed on Deutsche XetraGermany is Europe’s economic powerhouse.Back in February, when 21 Shares announced the launch of their Short Bitcoin (SBTC) ETP on...

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OKEx CEO Jay Hao: Many People Will Lose Money In DeFi (Exclusive Interview)

OKEx has become one of the largest cryptocurrency exchanges in the past several years. The company’s growth is continuously emphasized by the trading volume and the growing user base.CryptoPotato recently had the opportunity to do an exclusive interview with the CEO of the company – Jay Hao.Hao spoke of the challenges OKEx has to overcome, the current cryptocurrency landscape, Bitcoin’s growing adoption, the DeFi craze, and more.Back to the Roots: Before OKExOne of the first things that Hao...

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BTC Bandwagon: 2 Canadian Firms are Now ‘Holding Bitcoin as a Reserve Asset’

MicroStrategy publicly announced its adoption of Bitcoin as a primary reserve asset earlier during the month. The trend has now caught up on more firms.Canadian businesses Snappa, and Middle-Eastern food joint chain, Tahinis announced the allocation of their cash reserves to BTC.Canadian Firms Snappa Allocate ‘Significant’ Cash Reserves to BitcoinIn a blog post published yesterday, Christopher Gimmer, founder and CEO of graphics solution provider firm, Snappa announced that his company has a...

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Swipe (SXP) Greenlighted to Enter US Markets

Swipe is set to venture into the U.S. market following approval from regulators. The news of the launch caused a rise in the price of its SXP tokens.Swipe Crypto Trading Functionality Coming to 200M AmericansIn a tweet on Tuesday (August 18, 2020), crypto wallet and card provider Swipe announced that it received a go-ahead to launch its services in the United States. According to the announcement, the Binance-owned platform stated that its wallet and debit card would be available in the U.S....

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