Business

The company will also create a testing platform for CBDCs. Mastercard Inc., an American multinational financial services company, recently announced its intention to delve deeper into the crypto industry, adding payments-focused consulting services for cryptocurrencies and NFTs. It also hinted that its services might include...

Earlier this week, on Wednesday, January 26th, Tesla released its Q4 and FY2021 financial statements, revealing its unaudited balance sheet to the public. According to the sheet, Elon Musk’s electric car company still holds Bitcoin, indicating that it did not sell it in Q4 despite...

A popular US-based financial services provider, Robinhood, announced this Thursday, January 20th, that its upcoming cryptocurrency wallet is ready to enter the next phase of development. The wallet is entering beta, and as part of the launch, the company will grant access to the first...

A recent report by Bloomberg indicates that Google might be exploring the idea of adding cryptocurrencies on digital cards. The tech giant recently inked deals with two cryptocurrency companies — the leading US crypto exchange, Coinbase, and a Bitcoin payment provider, BitPay. Bloomberg’s report is...

Kraken, one of the world’s most popular crypto exchanges, recently announced the launch of a staking platform called Staked. The exchange intends to support growth and resilience through one of the largest projects the crypto industry has seen so far. Staked Joins the Kraken EcosystemAccording...

Meta — the company, formerly known as Facebook — is working on enabling crypto payments. Meta has announced that it will launch a pilot phase for crypto payments limited to US users. This comes even as Meta faces difficulty moving into the crypto space. However,...

The speculation recently got out of control, and the company was forced to deny a City A.M. newspaper story in July 2021. "Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true," said a spokesperson...

The emergence and adoption of instant messaging applications halted the dominance of SMS (Short Message Service) as the primary means of communication on mobile devices. Aside from being the cheaper option, IM applications introduced many additional features like group chats, voice and video calls etc....

One sector currently getting rocked by the sweeping effect of cryptocurrency and blockchain technology is the banking sector. With the current growth trajectory of the crypto space concerning the banking industry, institutions that miss out on adopting this asset class risk relegation and obsolescence. The...

Stacks Foundation is inviting developers to ‘Clarity Universe’. Through this program, the foundation which advocates for a user-owned internet will introduce developers to everything they need to know about the Clarity smart contract language. The course will run for six weeks and has limited entry...

The electric car CEO agreed with Vitalik Buterin on the matter of collaboration between Dogecoin and Ethereum. In an interview with the famous AI researcher Lex Fridman, Vitalik, the Co-founder of Ethereum, proposed a reliable bridge to link Doge and Ethereum, suggesting that this would...

Driven to change this focus, Facebook opted for a name change as a means of offering the association a new chance to impress regulators and establish itself in the growing crypto market. With the rebranding, what was formerly known as the Libra Association will now...

About Skrill As mentioned in the intro, Skrill is one of the products in the lineup of Paysafe, a global payment industry leader – alongside such solutions as Neteller, Paysafecash, and Paysafecard. It was rolled out in 2001 as a digital wallet provider for easy...

One of the main areas that have shown growing interest in blockchain is healthcare. Because of the sensitivity of patient data and a growing need for efficiency, blockchain serves as a perfect fit. Solve.Care is a blockchain solely created to help the healthcare sector. It...

The UK is next on the agenda for PayPal’s crypto plans. The payments giant announced it would expand its cryptocurrency offering to UK customers on Monday, offering them access to buy, sell and hold digital assets. PayPal currently supports Bitcoin, Ethereum, Bitcoin Cash, and Litecoin....

PayPal’s general manager of blockchain, crypto, and digital currencies, Jose Fernandez da Ponte, gave the news during the CoinDesk Consensus 2021. “We want to make it as open as possible, and we want to give a choice to our consumers … They want to bring...

Institutional Investors However, there was also one development that I felt did not receive the attention it deserved, and that is Goldman Sachs’ recognition of crypto as a new asset class. Now, banking firms like Goldman or JPMorgan have always had this love-hate relationship with...

What do I mean by that? Well, it’s safe to say that around 80% of central banks around the world are either considering CBDC, developing it, or already testing the created product. Problems with CBDCs From Outset One thing that emerged as a serious issue...

Musk is Divisive However, Musk has made several strange moves that have started causing a lot of anger among the people outside of his immediate fan base. For example, many would say that Tesla significantly weakened the crypto industry by announcing that it will stop...

After that, it made a list of the top 100 Most Influential Companies, and it allowed two crypto firms to make the list, showing that it considers them to be legitimate businesses and equal to traditional companies. Cryptos Companies I see this as another example...

The latest example of this came when the local digital assets exchange, Zipmex, revealed that it processed this region’s first use of BTC for purchasing a Lamborghini. The buyer, Jo Chirawat, used nothing but this cryptocurrency and Zipmex’s own mobile app. Buying a Lambo with...

PayPal Stablecoin And rightly so since PayPal absolutely requires an efficient payment system in order to handle its massive daily usage. PayPal’s transaction volume may not be able to rival Tether’s (USDT), which amounts to several hundred billion dollars, but it can certainly boast in...

Of course, Goldman is not a stranger to crypto, as the bank is generally counted among the first to start approaching the industry some time ago. However, a large investment into a business that focuses on blockchain technology is certainly a nice sight. According to...

Simply put, they are becoming a way in which artists, musicians, sports stars, and everyone else, really, can offer anything that they deem valuable. You might be wondering what caused this train of thought? Well, the answer is the fact that yet another upcoming sports...

The fact is also that Tesla bought $1.5 billion worth of Bitcoin only a few short weeks back, further proving that both the company and its CEO are truly serious about the emerging industry. However, what really surprised everyone is that none other than Tesla...

Its CEO is a very popular individual in and out of the crypto world. In fact, Musk briefly became the world's richest man earlier this year. With all of that in mind, I think that Tesla's acceptance of Bitcoin could have a very positive impact...

Even the U.S. government has realized that there is no way to ban Bitcoin unless the internet is shut down. Many of us who have been in the cryptocurrency space for a while are very well aware of the saying, “first they ignore you, then...

This is not the first time the payment giant is dealing with crypto; however, it is the first crypto-related product launched by Visa. The enterprise has been providing crypto debit and credit cards to the likes of Crypto.com and BlockFi. The latest news from the...

In June last year, Deutsche Borse announced the introduction of Bitcoin ETN on its Xetra exchange platform. An ETN is a debt security that checks the performance of underlying assets. In its recent strategy to expand its offerings into the crypto market, Deutsche Borse has...

PayPal consumers who hold various cryptocurrencies such as Bitcoin, Litecoin, Ether, and Bitcoin Cash will convert them into fiat currencies and use them to make purchases from different merchants. All 29 million merchants on this platform will enjoy this service. What does this mean for...

The pilot phase that Visa has launched will be in partnership with crypto.com, which is a crypto and payment platform. Visa announced that they would allow the use of USD Coin (USDC) on their payment systems. USDC is a form of cryptocurrency that is offered...

Decentralized and Remote Work We live in a time of many opportunities for professionals in many careers, remote jobs are increasingly popular, and some data say that professionals need to organize themselves and obtain different routines to improve productivity in remote work. Some startups in...

While the journey to make cryptocurrencies go mainstream today is being championed by many entities, and payment service company, Visa Inc’s latest revelation may help accelerate the long-sought global acceptance of Bitcoin (BTC) and other altcoins. Visa Integrates with Bitcoin Wallets To Permit PurchasesVisa CEO,...

Recently, Elon Musk's Tesla announced that users would be able to use Bitcoin to purchase its electric cars, which was a massive thing for the crypto industry. With the announcement coming soon after Tesla bought $1.5 billion worth of BTC, it was clear that the...