Tagged: Crypto Adoption

November 21, 2024 @ 9:56 pm By Omar Faridi  |  

Chainalysis are pleased to share the fifth annual Chainalysis Global Crypto Adoption Index. In each year’s report, they look at both on- and off-chain data “to determine which countries are leading the world in grassroots crypto adoption.” Chainalysis research highlights countries “where unique cryptocurrency use… Read More

November 18, 2024 @ 10:01 pm By Omar Faridi  |  

Christian Catalini, Co-Founder & Chief Strategy Officer at Lightspark, Founder at MIT Cryptoeconomics Lab (as well as previously the Co-Creator of failed Facebook-led Diem / Libra projects), explained that stablecoins are considered to be a novel form of interoperable and programmable money. 1/ Stablecoins, a… Read More

November 13, 2024 @ 4:44 pm By Omar Faridi  |  

In Q3 2024, the crypto sector saw a “steep decline” in funding, with a 31.1% QoQ drop in deal value to $1.7 billion as well as a substantial 25.3% decrease in deal count to 392 deals. This, according to a report from PitchBook. PitchBook noted… Read More

November 13, 2024 @ 8:18 am By Omar Faridi  |  

Nic Carter, Co-founder of Coin Metrics, claims that the FDIC is still – post election – insisting on a 15% depository cap on banking institutions that are serving crypto firms (as he has been told). Nic Carter also described the FDIC as an abominable agency…. Read More

November 3, 2024 @ 6:20 pm By Omar Faridi  |  

Despite the ongoing and seemingly never-ending war and regulatory issues, cryptocurrency adoption has been growing steadily across Eastern Europe and is said to be driven by institutions and DeFi activity. This, according to report from Chainalysis. As the world’s fourth largest crypto market, Eastern Europe… Read More

October 27, 2024 @ 9:40 pm By Omar Faridi  |  

The global stablecoin supply is reportedly down 2.7% from a peak on Aug. 30, but is now expected to pick back up as digital token prices continue to climb higher as we get closer to the US elections. This, according to research report from OurNetwork…. Read More

October 24, 2024 @ 9:00 am By Omar Faridi  |  

Stablecoins are dominating market share in the crypto ecosystem, as Bitcoin (BTC) continues to gain adoption. This, according to a report from Chainalysis which also noted that merchant services are now thriving in Central, Northern, and Western Europe. Central, Northern, & Western Europe (CNWE), the… Read More

October 24, 2024 @ 8:49 am By Omar Faridi  |  

Sequence and Republic Crypto are to drive long-term growth and token utility for web3 games with scalable, secure solutions. Sequence and Republic Crypto, a web3 advisory firm and one of the venture arms at Republic, are announcing their partnership to ensure the success of web3… Read More

October 17, 2024 @ 6:37 pm By Omar Faridi  |  

a16z has shared the State of Crypto Report 2024, which examines data on swing states, stablecoins, AI, builder energy, and offers other key insights. Daren Matsuoka, Robert Hackett, and Eddy Lazzarin noted that when they launched their very first annual State of Crypto report two… Read More

October 17, 2024 @ 2:02 pm By Omar Faridi  |  

Paul Grewal, the Chief Legal Officer at US-based cryptocurrency exchange Coinbase (NASDAQ:COIN),  has pointed out that at first, the US Securities and Exchange Commission (SEC) had reportedly stated that it could potentially avoid Freedom of Information Act (FOIA) since documents they’re owed are considered to be… Read More

October 14, 2024 @ 7:57 pm By Omar Faridi  |  

Crypto-focused firms have reportedly racked up as much as $32 billion in US regulator settlements, according to an update from CoinGecko. The research report from CoinGecko noted that the top crypto enforcement action carried out by US regulators has been primarily against bankrupt crypto exchange… Read More

October 14, 2024 @ 12:40 pm By Omar Faridi  |  

Less than a month before the presidential elections in the United States take place, next Tuesday, November 5, both candidates (former US President Donald Trump and Kamala Harris) have made statements about the crypto industry and the future of Bitcoin. According to an update from… Read More

October 9, 2024 @ 9:00 am By Omar Faridi  |  

Crypto.com has filed suit against the Securities and Exchange Commission (SEC). The legal move follows the receipt of a Wells Notice, which indicates that SEC staff are recommending an enforcement action against the firm. Multiple crypto focused firms have been sued or are in receipt… Read More

October 8, 2024 @ 11:28 am By Omar Faridi  |  

21.co, the parent company of 21Shares – one of the issuers of crypto exchange traded products (ETPs), and Crypto.com, announced that they have recently entered into a strategic partnership. With this partnership, 21.co Wrapped Bitcoin (21BTC) will source Bitcoin (BTC) liquidity from Crypto.com, leveraging the… Read More

October 6, 2024 @ 2:35 pm By Omar Faridi  |  

Digital assets firm OKX has reportedly launched OKX OS, which is described as a comprehensive onchain infrastructure suite that is designed to open up the technology stacks behind their Wallet, supporting an international community of blockchain and Web3 developers to build robust applications efficiently across… Read More

October 3, 2024 @ 6:23 am By Omar Faridi  |  

Coin Metrics has released a report entitled, The Crypto Universe Through the Lens of datonomy. Tanay Ved and Matías Andrade from Coin Metrics noted that the crypto universe has expanded from a single asset in 2009 to “a vast ecosystem of 4 asset classes, 14… Read More

October 1, 2024 @ 11:22 am By Omar Faridi  |  

Matrixport, an all-in-one crypto financial services hub, announced the completion of its all-cash acquisition of Crypto Finance (Asset Management) AG (CFAM), a licensed Swiss crypto asset manager that was previously part of the Deutsche Börse Group-owned Crypto Finance Group (CFG). Now doing business as Matrixport… Read More

September 26, 2024 @ 7:56 am By Omar Faridi  |  

Bitpanda and Blockpit are teaming up again to offer Italian Bitpanda users discounted licences and expert advice to help you stay on top of regulation. Using Blockpit can help you understand how “to save when doing your crypto taxes.” Bitpanda has shared key insights in… Read More

September 15, 2024 @ 4:12 pm By Omar Faridi  |  

Alchemy Pay, the fiat-crypto payment gateway, has announced its official support for the BNB ecosystem. With this support, Alchemy Pay’s On & Off-Ramp now “supports popular tokens on BNB Chain, including its native token BNB and stablecoins like USDC and USDT.” This integration highlights Alchemy… Read More

September 12, 2024 @ 6:31 am By Omar Faridi  |  

Gemini is pleased to announce the release of the 2024 Global State of Crypto report, offering a comprehensive look at attitudes and behavior toward digital assets from different investors across the globe. After two years of ups and downs, the crypto market has “rallied hard… Read More