Cryptocurrency Analysis and News Portal
Businesses in El Salvador have been slow to adopt Bitcoin (BTC) ever since the country famously recognized the digital asset as legal tender in September 2021, according to a recent survey by the Salvadoran Chamber of Commerce. Of the 337 companies polled between Jan. 15 and Feb. 9, only 14% said
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The initiative is focused on expanding credit and financing options
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Payments giant Visa has conducted a survey of small businesses and found that almost a quarter of those who responded plan to accept cryptocurrency payments this year. “I think more people are feeling more confident with crypto,” said a Visa executive. Small Businesses in 9 Countries Plan to Accept Cryptocurrency This
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Circle is not a bank; your Circle Account is not a bank account, and any funds are not insured by the Federal Deposit Insurance Corporation, the Securities Investor Protection Corporation or by any U.S. or foreign government agency, insurance fund, person or entity. For investors in the United States, investments
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The Hedera Network, which claims to be the only public distributed ledger network suited for the security and stability requirements of big businesses, is jumping into the cryptocurrency-fueled frenzy over virtual worlds, angling to develop what it describes as “enterprise metaverse.”The HBAR Foundation, which supports development on the Hedera Network
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Which is harder, mining bitcoin or selling pancake batter?Nate’s Foods is about to find out.The little-known, publicly traded company, based in Huntington Beach, Calif., announced Oct. 25 that it has started mining the oldest and largest cryptocurrency by market value. Ditching its original product – premixed pancake and waffle batter
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The New York State Governor Kathy Hochul has been asked by a group of local businesses to deny permits for converting the city’s old fossil-fuel power plants into crypto mining centers. The request comes in the form of a letter cosigned by a number of organizations, businesses and labor groups.The
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The Commodity Futures Trading Commission (CFTC) has charged 12 New York-based crypto options businesses with allegedly failing to register with the regulatory body. In a Sept. 29 press release, the CFTC outlined that it is charging 14 entities in total, with the 12 crypto-focused firms all on the hook for
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On Friday, the People’s Bank of China (PBOC) declared all virtual currency-related activities illegal, banning offshore exchanges from serving mainland Chinese users. The statement also disqualified tether, the largest stablecoin globally, as legal tender along with bitcoin and ether, marking toughest crackdown to date. Source
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Crypto-related companies and figures have provided evidence about being de-banked by Australian financial institutions to a Senate inquiry. Crypto investment firm Aus Merchant, global remittance provider Nium and small peer-to-peer crypto brokerage platform Bitcoin Babe were speaking on a panel as part of the senate inquiry into “Australia as a
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