#adoption News

Bitcoin Spends Record High Days Over $10,000

September 28, 2020 by Shaurya Malwa at Bitcoin

The pioneer cryptocurrency has now recorded its highest-ever time period trading about the $10,000 price level, which is now considered by many to be a major support floor for Bitcoin. Bitcoin: Setting records Previously, Bitcoin reached the $10,000 level only twice before: first in 2017 when it broke through the...

OCC Authorizes U.S. Banks to Hold Stablecoin Reserves

September 22, 2020 by Anthonia Isichei at Regulation

The U.S. banking regulator has issued guidelines that will enable banks to offer services to stablecoin coin issuers in the country. Federal Financial Institutions to Offer Services to Stablecoin Issuers In an interpretive letter published by the Office of the Comptroller of the Currency (OCC) on Monday (September 21, 2020)...

Wisconsin State Senate Candidate Accepts Bitcoin Donation via BitPay

September 22, 2020 by Anthonia Isichei at Bitcoin

Phil Anderson, running for the Wisconsin State Assembly has stated that he would accept cryptocurrency donations towards his campaign, using U.S. crypto payment platform BitPay. Anderson Defends Legality of Crypto Political Donations In an announcement released by Phil Anderson’s campaign team on Monday (September 21, 2020), the entrepreneur and real...

Leading Telecoms Firm Accelerating Blockchain Adoption in Europe

EU to Introduce New Blockchain Guidelines by 2024

September 19, 2020 by Adeniyi Olowoporoku at Regulation

The European Union are set to introduce new rules in the next four years that could introduce a single currency market that would make cross-border payments easier according to documents from a leak report. European Union Looking to Create a Legal Framework for Cashless Ecosystem According to Reuters, the two...

United States Global Blockchain Earth Cryptocurrency Flag Red White Blue

U.S. Crypto Businesses to Benefit From New Joint Supervised Regulation

September 16, 2020 by Anthonia Isichei at Regulation

Cryptocurrency firms and fintech companies in the United States will start to enjoy a less cumbersome registration process with reduced cost, following a new unifying rule. One Rule, Cheaper Costs According to Reuters on Tuesday (September 15, 2020), the Conference of State Bank Supervisors (CSBS) announced a new regulatory strategy...

Huobi’s DeFi Alliance Welcomes 10 New Members, Including Aave, Curve, Synthetix

September 15, 2020 by Osato Avan-Nomayo at DeFi

Aave and Curve are the among the latest batch of decentralized finance (DeFi) giants to join the Huobi-backed DeFi Alliance. The DeFi landscape continues to see sustained growth with more projects emerging consistently. Aave, Balancer, and CoinGecko Swell DeFi Alliance’s Ranks According to Singapore-based blockchain media outlet Blockcast, Huobi DeFi...

Nigeria: SEC Proposes 3-Point Agenda for Crypto Regulation

September 14, 2020 by Osato Avan-Nomayo at Regulation

The days of uncertainty over crypto regulations in Nigeria may soon be at an end with regulators in the country set to examine laws and guidelines to govern the nation’s token economy. Nigeria SEC Sets Sight on Crypto Regulation In a communique published on Monday (September 14, 2020), the Nigeria...

U.S. Set to Compete with China on Global Blockchain Dominance

September 10, 2020 by Osato Avan-Nomayo at Blockchain

China may be seeing more competition in the global blockchain scene with the U.S. government making moves to improve the country’s competitiveness in emerging technologies. US-China Tussle Goes Blockchain The U.S. Congress is reportedly set to consider a new bill targeted at blockchain. According to Forbes, a bipartisan piece of...

Ethereum Whale Count Grows Amid Price Decline

September 8, 2020 by Osato Avan-Nomayo at Ethereum

More Ethereum (ETH) whale wallets have emerged over the past few days despite the over the 30 percent decline in the spot price. 68 New Ethereum Whale Wallets Emerge It appears the optimism of big-money crypto players has not been dampened by the recent market selloff. Tweeting on Sunday, cryptocurrency...

Kazakhstan Plans to Pump Over $700 Million in the Crypto Mining Sector

September 2, 2020 by Anthonia Isichei at Regulation

Kazakhstan cryptocurrency mining sector might be seeing a boost with the government looking to invest over $700 million in the sector. Kazakhstan’s Crypto Mining Industry Getting Government Support According to Reuters, the Digital Development Minister of Kazakstan, Bagdat Mussin, announced the government’s interest in investing $714 million in the crypto...

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