Industry news — Page: 11

The Findler’s Cryptocurrency Survey disclosed the fast-growing interest of Australian citizens towards digital currencies. According to the survey, 17% of Aussies hold crypto assets, understanding their highest potential.

Twitter follows Tesla on the crypto-supporting path, as the network’s co-founder Jack Dorsey considers Bitcoin among the assets with the greatest potential.

El Salvador is going to become the first country where digital currencies are officially supported by the government. The Salvadoran Parliament has already adopted Bitcoin as an official payment option throughout the country, and now it’s time for the next step – the government approves the launch of a Bitcoin trust worth $150 million.

Stablecoins are a meeting point between two opposite parties. Those assets provide holders with all the pros of digital assets, while volatility doesn’t affect stablecoins backed by fiat currencies. Furthermore, the European Council calls stablecoins a threat to the traditional economy, understanding the greatest potential of such a cluster.

Jack Dorsey, the co-founder of Twitter, commented on the TBD platform progress (the project was launched for a Bitcoin-based DEX creation). This platform is based on Dorsey’s payment company Square.

The era of crypto-skeptics has finally gone, as today’s top managers understand the explosive potential of blockchain technology and digital assets.

Bitcoin payments are somehow a new mainstream for progressive merchants, as the number of crypto-friendly businesses skyrockets in 2021.

Ripple seems to rise from the ashes. The end of 2020 turned out a difficult period for the former third-largest cryptocurrency. SEC initiated a claim against the company, and the digital asset had lost more than 60% of its value. Meanwhile, at present, Ripple pretends to become the crypto Phoenix, as the cryptocurrency is ready for new all-time highs.

Brazil is among the most progressive Latin American countries, and the government has decided to hold the same course.

The Chinese Poly Network project experienced the most giant hacker attack ever taking place in the crypto industry. Due to the attack assets worth $611 million were stolen, and the incident had become a bad signal for the market in general. Meanwhile, further events are outside of logic.

According to research initiated by PYMNTS and BitPay, more than 60$ US crypto holders are ready to use digital currencies for everyday needs. Despite the existing hurdles, holders are convinced that digital assets are better for purchasing goods and services than traditional fiat USDs.

The Argentinian football legend has recently announced that he would continue his football career outside Barcelona. A string of financial and legal problems forced the star to move on, looking for a new club.

The number of crypto-friendly companies seems to be growing here, as the Chinese technological giant Xiaomi has added digital assets to available payment options. This step currently concerns the Portugal department only, but the breakthrough is obvious.

The Ethereum blockchain entered a new phase, as the London hard fork had taken place on block No 12 965 000. Once the update was implemented, network members burned 400 ETH, while the average gas price almost doubled, reaching 85 Gwei.

The distance between traditional finances and the crypto world is melting down rapidly. The largest Australian-based crypto exchange, CoinJar, has launched crypto payment cards. The new revolutionary product is supported by MasterCard.

Goldman Sachs is ready to get its piece of the pie, capitalizing on the fast-growing interest in blockchain and cryptocurrencies.

The DeFi project Aave is going to launch an Ethereum blockchain-based social network to compete with Twitter. According to the project CEO, Stani Kuleshov, Jordan Lazaro Gustav is going to head this initiative.

The popularity of cryptocurrencies grows steadily, involving more and more players. Blockchain wallets have already surpassed the mark of 75 million, showing 19% growth since the beginning of the year.

The fast-growing power of digital currencies headed by Bitcoin is not a surprise for the community. The international institutions understand that traditional finances cannot ignore the existence of the new class of assets. This is why experts predict the inevitability of the upcoming massive adoption of cryptocurrencies.

The Chinese government is going to reform the education sector. This industry is among the most fast-growing spheres, and officials decided to limit private educational companies. What are the upcoming changes?

For a long time, cryptocurrencies have been out of the law, and skeptics were sure digital assets are just the next financial bubbles. 12 years later crypto assets turned the opinions upside down, proving that the new class of assets contains enough power to revolutionize the traditional economy. As such, the officials are going step-by-step to join the trend.

The financial market is under revolutionary changes. The investment financial giants had been criticizing digital assets for a long time, and now FTX, the crypto derivatives exchange founded in 2017, is thinking about the possibility of purchasing Goldman Sachs and CME Group in the future.

Professional FX traders understand the S&P 500 and Dow Jones indexes influence the EUR/USD trading pair, and the correlation is strong and dynamic. When the US equity market is on the rise, traders expect more US dollars invested in the sector. This said, such inflows increase the US dollar rates. When the market decline is observed, USD is losing momentum.

Brazil stands to be among the most progressive Latin American countries, as the local Securities and Exchange Commission (CVM) allowed QR Asset Management to run the first Ethereum-based ETF fund in the continent.