Tag Archives: Bitcoin Adoption

After a series of high-profile collapses and the ensuing regulatory heat in their wake, if you thought the crypto saga had hit a roadblock, you can’t be held wrong. However, a new survey by Paxos, the New York-headquartered blockchain technology company, offers a new spin to the tale. It says 75% of consumers are confident about the future of cryptocurrencies.  Neither Daunted Nor Deterred As many as 72% of the respondents of Paxos’ Cryptocurrency Adoption & Purchasing...

The cryptocurrency exchange Coinbase estimated in its latest study that every fifth American has already hopped on the cryptocurrency bandwagon.  There are more HODLers among youngsters and people of color. Crypto Can Update the Financial System Coinbase surveyed over 2,000 American adults to determine their thoughts on the current global financial network and check their sentiment on digital assets. 20% of the participants admitted owning bitcoin or alternative coins despite...

Novotel Bahrain Al Dana Resort reportedly became the first hotel in the country to accept cryptocurrencies as a means of payment.  Other hotels located on the Arabian peninsula that embraced digital assets during the past several months include W Dubai – The Palm and Palazzo Versace Dubai. Entering the World of Crypto According to recent coverage, Novotel Bahrain Al Dana Resort partnered with Eazy Financial Services to allow guests to settle accommodation bills in...

Coin Cloud, one of the largest Bitcoin ATM operators in the US and Brazil, filed for bankruptcy this January 8, leaving nearly $500 million in liabilities. The crypto winter and the collapse of major companies like FTX, Alameda Research, and Blockfi, among others, has left Coin Cloud suffering from its aftermath. According to Coin Cloud’s filings, its largest creditor would be Genesis Global Trading, a subsidiary of Digital Currency Group, to whom the company owes more than...

American billionaire venture capitalist Tim Draper has reiterated his bullish support for Bitcoin despite the crypto winter intensified by the sudden crash of the FTX exchange.  Draper predicted last June, during the bull market, that the leading crypto asset would reach $250,000 by the end of 2022. However, his prediction is less likely to happen this year since the largest cryptocurrency is now trading below $17,000 following the FTX fiasco.  Women and Retailers Can Push...

The island country located in the Caribbean region – Saint Kitts and Nevis – plans to turn Bitcoin Cash (BCH) into an official payment method inside its borders by March next year. The announcement positively affected the asset’s price, which jumped above $100. The Prime Minister of Saint Kitts and Nevis – Terrance Micheal Drew – disclosed that the government is willing to engage with Bitcoin Cash mining and make the asset legal tender on local soil by March 2023. The leader...

The five-star hotel W Dubai – The Palm allowed guests to pay for accommodation in Shiba Inu (SHIB). Another luxurious venue in the city where travelers can settle bills in digital currencies, such as BTC and ETH, is Palazzo Versace Dubai. The American multinational fast food restaurant franchise – Subway – also jumped on the bandwagon. Three of its outlets situated in Berlin started accepting bitcoin as a means of payment. The Palm Embraced SHIB W Dubai – The Palm – one of...

One of the largest supermarket chains in South Africa – Pick n Pay – reportedly enabled customers to settle their bills in cryptocurrencies, including bitcoin. The offering covers 39 of the company’s stores located across the country. The National Children’s Advocacy Center also hopped on the bandwagon, allowing people to donate digital assets. The Latest to Catch the Wave Pick n Pay hinted about the new payment option months ago when it trialed it in ten of its stores....

Today marks the 14th anniversary of the publication of the Bitcoin whitepaper. On this day in 2008, Satoshi Nakamoto released a nine-page document that began a financial revolution and birthed a trillion-dollar industry.  On October 31, 2008, the pseudonymous Satoshi released the Bitcoin whitepaper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” to a cryptography mailing list.  The Birthing of Bitcoin The mailing list was hosted by Metzdow and run by a group of...

Crypto adoption is shooting through the roof despite the bear market and uncertainty surrounding asset prices, according to recent findings from the leading decentralized application (dApp) analytics platform DappRadar.  The analysis, dubbed the Blockchain Behavior Report, outlined major trends that affected the blockchain space in the last quarter, including regions where crypto adoption accelerated in both usage and regulatory efforts. Countries That Led Crypto Adoption in...