TIME Magazine and WeWork join the digital currency trend by enabling crypto payment options for their services, alongside other industry giants like PayPal, Venmo and Tesla. Could these companies be the influencers cryptocurrency needs to gain worldwide recognition?
Central banks have been looking into issuing their own central bank digital currencies (CBDC) and the UK has their eyes set on one of their own. China has been in the lead among major economies for years as they have already started extensive testing on a pilot last year. But now the UK is hot on their heels with ideas for their own CBDC. Of Course, a lot more planning and research is involved when structuring a new digital version of a major economy’s currency. And the UK is doing all the necessary research to ensure a smooth-running operation.
Turkey has now announced that they are introducing a ban on payments using cryptocurrency. The Bitcoin price has dropped somewhat since the announcement and currently sits at around $56k, down from an all-time high of above $63k last week. The Central Bank of the Republic of Turkey (CBRT) has warned that cryptocurrencies or other crypto assets will be prohibited as a form of payment, both directly and indirectly, for the purchase of goods and services within the country. This ban will come into effect on the 30th of April, 2021.
The city of Miami is famous for arguably having the world’s hottest nightlife, so when the news hit that one of its nightclubs is opening the doors to clients popping bottles and dancing the night away, all to the sweet sound of cryptocurrency, things are bound to get even hotter. First Major Nightclub in the […]
Wyoming has recently made some major inroads. Not only has the state become the second state to legalize sports betting, but it has also just become the first state to legalize crypto sports betting. Wyoming is being recognized by blockchain firms and crypto companies as the U.S’s next tech hub.
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Jesse Powell, CEO of Kraken, which is the fourth largest cryptocurrency exchange in the world in terms of volume, fears that a “crackdown” on cryptocurrencies is imminent. There have been some recent warnings from various officials about the use of cryptocurrencies for money laundering and the financing of terrorist organizations. U.S. Treasury Secretary Janet Yellen, and European Central Bank President Christine Lagarde, have brought these concerns to light.
Tomorrow, on April 14, 2021, the US-based crypto exchange Coinbase will be going public with its much anticipated IPO. The crypto market is preparing anxiously for this event as the Bitcoin price has reached nearly $62,000 over the last week and the total cryptocurrency market capitalization has exceeded $2 trillion. The company has been showing incredible results throughout the first quarter of 2021 with an estimated profit of $730 million to $800 million. This shows double their profits for the entire 2020 which was $322 million in a total revenue of %193 billion.
Looking back at history, Bloomberg Crypto analysts say BTC might be in for an incredible run, reaching new heights before the year is over. We Are in for a Steep Climb Has Bitcoin finally peaked and should we forget about it going much higher? Not even close if you ask the analysts in charge at […]
Monday 5 April 2021 will go down in history as the day when the total market capitalization of the digital asset industry peaked at over $2 trillion. This is an all-time high for the crypto market and reflects the recent increase in investment demands from major companies in both the institutional and retail sectors. Bitcoin has managed to hold a $1 trillion market cap for an entire week which has helped to lead the surge in the overall crypto market value.
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