Category: Crypto Adoption

The Big Three Credit Agencies Critique El Salvador’s Bitcoin Adoption — S&P Global Warns of ‘Immediate Negative Implications’

The Big Three Credit Agencies Critique El Salvador’s Bitcoin Adoption — S&P Global Warns of ‘Immediate Negative Implications’

All of the ‘Big Three’ credit agencies have said that El Salvador’s adoption of bitcoin could affect the country’s credit rating in a negative manner. After both Moody’s and Fitch Ratings published reports on the matter in El Salvador, S&P Global said that the bitcoin adoption has had “immediate negative implications for its credit rating.” […]

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Breaking: Coinbase Tops the List of Fastest-Growing Finance Apps

Crypto adoption has hit its peak this bull season with millions of new users joining the ecosystem, some out of curiosity while others get in hopes of making quick money. A recent report from Business Insider suggests that crypto apps have dominated the chart of fastest-growing financial applications and among those crypto apps, Coinbase is […]

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Fidelity Survey Reveals 2020 Market Downturn Was a Catalyst for Institutional Investors

Fidelity Digital Assets Management has released the results from a recently conducted survey in which it profiled as many as 1,100 respondents spanning financial advisors, hedge and venture fund managers, and other high networth individuals across the US, Europe, and Asia. The survey sought to understand the perspective or inclination of this group of investors […]

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Big Three Credit Agency Fitch Warns El Salvador Adopting Bitcoin Will Negatively Affect Insurers

Big Three Credit Agency Fitch Warns El Salvador Adopting Bitcoin Will Negatively Affect Insurers

Fitch Ratings, the American credit agency and member of the ‘Big Three’ credit agencies, has published a paper on El Salvador’s adoption of bitcoin and making the crypto asset legal tender in the country. Fitch believes that after the country enforces the new tender law it will face “volatility risk” alongside “regulatory and operating risks” […]

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Singapore’s 66% Young Population Own Crypto: Survey

A recent survey of 1,000 Singapore citizens conducted by Australia’s consumer insight provider Toluna has revealed some interesting facts about crypto adoption in the country. Singapore is considered a pro-crypto nation, and this survey only reinforces that revealing how pro-crypto regulations can impact crypto adoption. As per the survey, 93% of the country’s population have […]

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Just-in: MasterCard Eases Onboarding Process to Boost Crypto Cards Adoption

Mastercard, the payment processor giant today announced the enhancement of its crypto card program just weeks after rival Visa also announced its plans to become a global leader for crypto card payments, promising to make crypto as usable as any other currency. The leading card payment service provider said it is accelerating its crypto exchange […]

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Bingbon Adds Ruble, Hryvnia, and Tenge Support in Bid to Expand Geographical Presence

Bingbon Adds Ruble, Hryvnia, and Tenge Support in Bid to Expand Geographical Presence

A tie-up between payment processor Advcash and Bingbon will help the social cryptocurrency trading exchange extend its services to Ukraine, Kazakhstan, and Russia through a newly introduced fiat on and off-ramp. Eastern European Fiat Support Echoes Regional Crypto Adoption Outside of North America and Asia, Eastern Europe commands one of cryptocurrency’s biggest communities of miners, […]

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Breaking: Australia’s Leading Non-Bank Broker to Offer Crypto Trading

The crypto market might be going through a downtrend but it has not dented its growing demand in different markets. After a surge in mainstream institutional platforms adding crypto custody and trading services, the retail market demand has started to catch up. One of Australia’s largest non-bank online brokers is all set to offer crypto […]

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Experts: Regulatory Uncertainty and Slow Embrace Hampering Crypto Growth in Kenya

Experts: Regulatory Uncertainty and Slow Embrace Hampering Crypto Growth in Kenya

Regulatory uncertainty and the slow embrace of cryptocurrencies continue to be key impediments to the growth of Kenya’s digital currency market, experts say. They also assert that without speedy regulation, which they believe will hasten the adoption of digital currencies, Kenya’s sector will remain open to fraud. Kenya’s Embrace of Crypto Slow, Exchange Reps Point […]

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Doge in Brooklyn: A Local Apparel Store Starts Accepting the Famed Crypto

Doge in Brooklyn: A Local Apparel Store Starts Accepting the Famed Crypto

On the heels of the SpaceX announcement that the company accepted dogecoin as payment, an apparel store on Brooklyn’s colorful Flatbush Avenue took the jump as well into the deep, cold Doge waters. Brick-and-Mortar Is Another Brick in the Crypto Adoption Wall Crypto adoption has been widely and thoroughly discussed in the media and on […]

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