Tag Archives: Bitcoin 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...

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...

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...

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...

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...

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...

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....

StormX, the blockchain-based rewards platform that helps users earn crypto, has scored a significant coup by onboarding retailing giant Walmart.Having already sealed deals with the likes of Microsoft, Nike, Adidas, eBay, Target, Dell, and Samsung, StormX is taking things up a notch by enabling 4% ‘Cryptoback’ on all Walmart purchases. In fact, shoppers can earn as much as 14% if they reach Super-user tier on the app.Consumer Thirst for CryptobackBased in Seattle, U.S., StormX launched its...

MicroStrategy has become the first NASDAQ-listed company to buy Bitcoin as part of its planned capital allocation strategy.Bitcoin is Better than CashAccording to an official press release on Tuesday (August 11, 2020), MicroStrategy bought 21,454 BTC at $250 million. The company stated that Bitcoin, which is seen as an investment asset, is the firm’s main reserve in its treasury.MicroStrategy’s BTC buy follows an earlier statement made in late July. The company revealed that it was going to...

It’s another exciting day in Bitcoin land. And no, it doesn’t have to anything with BTC’s rallying price. Of course, the price has brought smiles on the faces of Bitcoiners across the world, but there’s something else too.The latest data shows that whales no longer control Bitcoin’s supply. The number of retail investors owning little BTC has steadily increased in the last 5 years. Does it point to a rise in Bitcoin adoption?≤ 10 BTC Holders Increased While Those Holding 100 – 100K BTC...