Blockchain & crypto news from India
In Africa and other developing nations, cryptocurrency use has increased. That is in line with a policy brief that UNCTAD, a United Nations organization, recently published. The populations of South Africa (7.1%), Kenya (8.5%), and Nigeria (6.3%) use these digital currencies in significant numbers. Bitcoin became legal tender in the Central African Republic in June….
Reddit, the online forum has declared a new way to accept crypto payments using Community Points. The platform has joined hands with a famous cryptocurrency exchange FTX to unlock new cryptocurrency-enabled benefits for Reddit Community Points.
In three policy briefs released on, UNCTAD, the UN agency for trade and development, urged action to prevent the use of cryptocurrencies in developing countries. Private digital currencies have benefited certain people and organizations. The hazards they represent to monetary system security, domestic resource mobilization, and financial stability outweigh whatever benefits they may have for…
Gucci, the iconic Italian fashion brand declared this week that it would expand its payment alternatives to include the Bored Ape Yacht Club – affiliated ApeCoin (APE) – but only via BitPay. In other words, the prominent brand will allow you to liquidate your APE for United States dollars and spend the proceeds at its…
Iran has placed its first official order via crypto this week, a stance that can allow the Islamic Republic to avoid U.S. sanctions that have severely damaged its economy.
Cash is king… or is it? It may soon be a thing of the past for customers and retailers to prefer cash as a form of payment. Non-cash payment methods weren’t extensively recognized in Europe until the past ten years, but things change quickly in finance. By 2025, it’s anticipated that more than 80% of…
In emerging nations like those in Africa, cryptocurrencies have gained popularity. According to a policy brief recently published by UNCTAD, a United Nations organization. Significant segments of the populations of South Africa (7.1%), Kenya (8.5%), and Nigeria (6.3%) use these digital currencies. The Central African Republic recognized bitcoin as legal tender in June. Why Is…
A recent report by global financial services provider Fidelity Investment has rated bitcoin against gold and cash, and bitcoin has scored in 6/7 features, followed by gold scoring in four and fiat currency in only two features. The report, “Bitcoin First: Why investors need to consider bitcoin separately from other digital assets”, was released in…
Big tech firms have been betting big on evolving technologies, with Meta (formerly Facebook) declaring that it has initiated rolling out non-fungible tokens (NFTs) across 100 nations, including some in the Middle East, Africa, and the Americas.
Crypto influencers can drive markets and teach you about digital currencies. Finding trustworthy bitcoin information can occasionally be challenging, especially with all the new cryptocurrency frauds that keep cropping up. To get the appropriate information, it’s critical that you follow the right individuals. Cryptocurrency influencers can be an approachable, fun source for those who may not…