Tag Archives: Bitcoin Adoption

Blockchain and cryptocurrencies expanded their presence and usage in 2019, says JP Morgan. The giant American multinational investment bank filed a comprehensive report regarding the performance of the technology and digital assets in 2019.Bitcoin AdoptionTwo years after the bank’s CEO, Jamie Dimon regretted calling Bitcoin a “fraud,” JPM issued a 74-page document that involves the largest cryptocurrency. Among the discussed topics, the report outlines Bitcoin’s developments in terms of...

The U.S. state of Wyoming is leading the way in blockchain and cryptocurrency adoption in the country with a new cryptocurrency-native bank. A former Wall Street veteran, Caitlin Long, announced the Avanti Bank, saying that it will be active in early 2021.The First U.S. Crypto-Friendly BankLong, who previously helped the state of Wyoming to implement 13 blockchain laws, made the announcement yesterday. In a series of tweets, she introduced the Avanti Bank – “a new U.S. bank to serve [the]...

Since the new decade had started, Bitcoin is showing bullishness. The cryptocurrency started 2020 below $6800 and skyrocketed to $10,500 just days ago.However, Bitcoin gave us another reminder of its cruel volatility. After reaching almost $10,300 as of yesterday’s high, just as Europeans went to sleep, Bitcoin started its show. In a little more than 50 minutes, Bitcoin dropped to as low as $9,264 on BitMEX. The mega-dip was concentrated into five devastating minutes, during which Bitcoin...

For more than a decade, there has been one major issue thwarting the adoption of cryptocurrency: transactions simply take too long. Fortunately, researchers at MIT have now announced that they have developed a more efficient system for routing cryptocurrency transactions, which they have dubbed “Spider.”According to ComputerWorld, MIT researchers are able to use this “Spider” routing scheme to make crypto transactions up to four-times faster than ever before (!).Four-Times Faster Crypto...

The creation of a Bitcoin Emoji on Twitter today has increased the largest cryptocurrency’s social media awareness. The social media’s CEO, Jack Dorsey, and other influential community members are also sharing the “#Bitcoin” trend that has ultimately transcended the online space.Bitcoin Emoji Inspires Bitcoin HashtagEarlier today, the popular social media platform, Twitter, introduced a new Bitcoin emoji. Naturally, the whole cryptocurrency community reacted with overexcitement by sharing the...

After last week’s rally, it now seems that Bitcoin is hitting the headlines once again. American venture capital investor, Tim Draper, has recently spoken out about Bitcoin, suggesting that millennials need to invest in Bitcoin if they want to secure their financial future. On Wednesday, January 22nd, 2020, Draper spoke to Liz Claman during an interview. While the discussion touched on other topics, such as Elon Musk and SpaceX, it ended with some sound advice coming from one of the world’s...

As of yesterday, January 20th, 2020, the Blockchain Economic Forum kicked off in Davos, Switzerland, with a keynote speech delivered by J. Christopher Giancarlo. Giancarlo spoke about the past, present, and future evolution of the blockchain, and made one particularly exciting remark about virtual currencies. The ex-chairman of the United States’ Commodity Futures Trading Commission believes that, had blockchain technology been introduced to the world before the global financial crisis of...

The crypto community views cryptocurrencies in numerous ways. From trading opportunities to store of value, and occasionally for their real purpose of being used as a payment method.Today, the main topic will be a rather conspicuous one that has been discussed many times, but it needs more awareness – adoption. Furthermore, let’s examine an HSB survey conducted by Zodgy Analytics in the U.S. that shows interesting data regarding small and mid-sized businesses that accept cryptocurrency...

Popular cryptocurrency exchange Bitstamp and California-based Silvergate Bank have partnered up to launch a new Bitcoin leverage trading product. It would allow institutional investors to trade with leverage collateralized by Bitcoin and held on the exchange.SEN Leverage By Bitstamp And Silvergate BankThe Luxemburg-based cryptocurrency exchange recently announced its involvement with Silvergate Bank’s new product – SEN Leverage. Investors will have the option to obtain USD loans...

Indeed, the first impression is not always the last impression, at least, Nigerians have proven that with Bitcoin. Bitcoin started gaining traction in Nigeria after the infamous Mavrodi Mondial Moneybox (MMM) Ponzi scheme of 2016, which promised a 30% monthly return on investment, both in fiat and Bitcoin. Many got scammed, and some found themselves in unthinkable debt after investing in MMM and other Ponzi and pyramid schemes that followed. One would think that such a terrible first...