Bank of America believes 1/3 of the U.S. will use cryptocurrency by next year
As per the study, 14% of the population in the U.S. owns crypto as of now.
Kerala firm to accept payment in crypto
Athey Nallatha, a Kerala-based startup that sells fusion pickles to global as well as domestic clientele, becomes the first firm in the state which is ready to accept crypto for its payments. The startup claimed that it is also the 7th company in the country to enter into crypto-based transactions. The firm started its payment…
Working of cryptocurrency exchanges in detail
The stereotypical decentralized nature of crypto in contrast to the well-regulated stock exchange is a huge incentive for investors: they can operate free of regulatory rules that is the hallmark of stock exchanges. But how do crypto exchanges work? Here are some of the main features of crypto exchanges. A crypto exchange is simply a…
Coinbase planning expansion in India; looking to hire engineers and explore startup acquisitions
Just three months ago, the Nasdaq-listed crypto exchange, Coinbase went public and now it’s looking to expand its footprint in India, one of the most populous countries worldwide. It has big plans to hire, acquire and make the South Asian nation one of its primary hubs. Brian Armstrong, the chief executive (CEO) of the company,…
Visa and PayPal invested in $300m Blockchain Capital fund
On June 22, Visa and PayPal led a $300 million fundraising in Blockchain Capital, a crypto venture capital (VC) firm. Additionally, a few other investors and the 2 payments giants will participate in the firm’s strategic partnership program. The organization’s 5th funding round, called ‘Fund V’, was oversubscribed at its $300 million hard limits. According…
OnePlus to work on crypto wallets; asks users in blockchain survey
The Chinese smartphone manufacturer, OnePlus may be planning to venture into crypto. The company was lately found to be surveying its users about blockchain tech and by extension, the need for a crypto wallet. The research aims at receiving users’ comments on crypto. The company is asking users if they’ve used trading platforms like Gemini,…
Buying cryptocurrency using PayPal becomes easier; thanks to Coinbase
Curious investors can now jump on the Bitcoin bandwagon easily all because of Coinbase. The famous crypto firm has signed a deal with PayPal that allows people to purchase digital currency using their bank accounts and debit cards that are linked to PayPal. Announcing the partnership, Coinbase said in a post that buying crypto should…
Amid the Coronavirus pandemic, donors use crypto for philanthropy
A tweet from Sandeep Nailwal on Saturday started all this. “Can’t take this sitting down anymore, I am going to run a Covid relief campaign… Need help from the global crypto community. I will take full responsibility for transparency, funds’ usage, and regulatory compliance”. COO and co-founder of Polygon Sandeep Nailwal has asked to donate…
Coinbase setting up their branch in India despite uncertainty in Crypto regulation
The US based cryptocurrency exchange platform Coinbase is planning to set up a business presence in India. They are intending to open an office in Hyderabad, Telangana. Hiring is already on for this. Coinbase is doing so even after knowing about the uncertainty for the digital assets around the country’s stance. The crypto company has…