Tag: bitcoin adoption

Oct 25 2021

Studying Bitcoin always leads to investing it— Scaramucci

SkyBridge Capital CEO, Anthony Scaramucci has said that studying Bitcoin ultimately leads one to investing in it, thereby improving adoption. While speaking in a Monday interview with CNBC, he claimed that people who find themselves studying Bitcoin (BTC) would eventually make up their mind about having a stake in the cryptocurrency. He then advised potential The post Studying Bitcoin always leads to investing...

Oct 12 2021

Bitcoin just settled $31 billion worth of BTC transactions in a single day

The world is growing increasingly pro-Bitcoin as the latest data has shown that the flagship digital asset settled over $30 billion worth of transactions in one day beating that of other payment gateway systems like that of MasterCard and Visa. Bitcoin settled $31 billion transactions in a day While the network has witnessed a drop in the figures of its settlement to...

Oct 08 2021

Oct 07 2021

U.S. Mega Bank Sets Up Bitcoin Custody Service, With Other Cryptos To Follow

U.S. banks have been taking the plunge into crypto. The rising popularity of the crypto market has seen more demand from banks’ customers for more exposure and although banks are prohibited from directly maintaining self-custody of cryptocurrencies, they are turning to third-party solutions to gain exposure. The latest in the long line of banks rolling out crypto products is U.S. Bancorp. The bank...

Oct 04 2021

Sep 28 2021

El Salvador’s Bitcoin Adoption is “Overplayed,” says Fidelity Investment Analyst

El Salvador created history earlier this month as Bitcoin became a legal tender in the country. Many crypto proponents called it historic and believe it would create a domino effect on other small financially challenged nations to adopt Bitcoin. However, Jurrien Timmer, a Fidelity Investment analyst believes the significance of El Salvador's adoption is overplayed. The post El Salvador's Bitcoin Adoption is "Overplayed,"...

Sep 15 2021

Data: Bitcoin (BTC) adoption grows 1,200% in Africa

The adoption of Bitcoin in Africa has swelled immensely over the past year, making it the third fastest-growing Bitcoin economy globally. BTC adoption up by 1200% in Africa A report...

Sep 14 2021

Report: Bitcoin Adoption In Africa Grows 1,200% In One Year

The continent is the third-fastest growing bitcoin economy globally, powered by retail users seeking to save and transfer money.Bitcoin adoption in Africa has skyrocketed over the past year, growing over 1,200%, according to a report by Chainalysis. The increased activity in the region has been fueled by retail investors,...

Sep 13 2021

Lightning Adoption Propelling Bitcoin Usage In El Salvador And Beyond

The second-layer network now houses over 2,400 bitcoin in more than 73,000 channels, enabling BTC usage as a medium of exchange.The bitcoin capacity of the Lightning Network, Bitcoin’s layer-2 scaling solution, keeps hitting new all-time highs every week. The network now houses over 2,400 BTC in more than 73,000...

Sep 10 2021

By The Numbers: How Much Western Union And MoneyGram Will Lose From El Salvador’s Bitcoin Law

El Salvador is now on its third day with bitcoin being legal tender in the country. There have so far been numerous testimonies of how the law has worked so far. With residents posting evidence of the ease of spending bitcoin in the country since the implementation. Stores have also implemented bitcoin payments in the country. With the likes of...

Sep 09 2021

Debunking JPMorgan's Arguments Against El Salvador's Bitcoin Adoption

The big bank recently said the Central American country's move is "problematic," here's why they are wrong.JPMorgan analysts have shared their views on the adoption of bitcoin as a legal currency in El Salvador, reported...

Cardano Founder Charles Hoskinson Praises El Salvador, Says Countries Need Crypto Strategies

El Salvador officially implemented its bitcoin law in September. Making it the first and only country to have crypto as a legal tender. This represents a big leap in crypto becoming more mainstream. A long way from its humble beginnings, bitcoin is now a recognized currency before hitting its teenage years. Following the success of the launch have been many positive reactions to...

El Salvador’s Bitcoin ($BTC) Adoption Could Cost Western Union Millions, Here’s Why

Sep 09 2021 Published at Coingape under tags  bitcoin adoption bitcoin news btc btcbrl btcbusd

El Salvador created history in June after the country's congress passed the Bitcoin Bill making it a legal tender in the country. The country celebrated Bitcoin Day on September 7 as BTC was officially integrated into the country's monetary system. President Bukele said that the decision to shift to Bitcoin was done to offer banking The post El Salvador's Bitcoin ($BTC) Adoption Could...

Sep 07 2021

Bitcoin Adoption In El Salvador Is The “Start Of A New World,” deVere CEO

Bitcoin adoption as a legal tender in El Salvador is all anyone can talk about presently in the crypto space, and rightfully so. Tuesday, September 7th will see the small North American country become the first to use bitcoin as legal tender. The reactions to the move have been both positive and negative. But the president and government of El Salvador have remained...

Aug 28 2021

Comparing Bitcoin And Crypto To The Internet In 1997

Bitcoin is still in its early stages of adoption at this point. Currently, less than 2% of the world uses BTC. Given the current world population of over 7 billion, this is a very small number. With only about 130 million people who use BTC today. Bitcoin has been called a bubble, a flop, and a host of names in the past. In...

Aug 27 2021

Aug 20 2021

U.S. Mayor Wants To Give Everyone $1,000 In Bitcoin

Mayor Jayson Stewart wants to give every resident $1,000 in bitcoin. Jayson Stewart is the mayor of Cool Valley, Missouri. A town that only has a population of 1,500. The mayor is raising money to give each of its 1,500 residents $1,000 in bitcoin. But there is a catch. The BTC the residents receive from the mayor cannot be sold. Residents are required...

Aug 19 2021

Bitcoin for Shows? This American Rapper Wants to be Paid in BTC

Would you like to attend some of the most renowned artists’ music shows with the opportunity to pay in Bitcoin (BTC)? Well this may soon be possible as American rapper, actor and record producer, Trevor George Smith Jr, known professionally as Busta Rhymes has revealed he would like to start receiving Bitcoin payments for his The post Bitcoin for Shows? This American Rapper...

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