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Nigeria’s Foreign Currency Crisis Boon for Bitcoin: Country Tops Wallet Downloads Ahead of the US
21.8.2020
Nigeria’s weakening naira currency, as well as the shortage of U.S. dollars, are forcing businesses to switch to bitcoin as the means of settling payments for international transactions. Nigerian businesses need the American currency to buy new supplies, as well as to order essential...
People Are Already Building Businesses Around Cardano’s Staking Functionality
12.8.2020
Sounds like Cardano is already contributing to the gig economy
Thailand Has Now Licensed 13 Cryptocurrency Service Providers
28.7.2020
Thailand has been growing the number of licensed cryptocurrency service providers. The Thai regulators have now approved 13 crypto businesses to legally operate in the country, including cryptocurrency exchanges, brokers, and dealers. The Royal Decree on the Digital Asset Businesses B.E. 2561...
Google, Facebook, Twitter Face Class-Action Lawsuit for Banning Crypto Ads
20.7.2020
Cryptocurrency businesses are taking Google, Facebook, and Twitter to court in a class-action lawsuit that could cost the social media giants $300 billion. The plaintiffs say that their businesses have been hurt by Google, Facebook, and Twitter banning crypto ads on their platforms. Google...
Thai Central Bank Says Big Businesses Are Already Using its CBDC
17.7.2020
Another country has moved a step closer to issuing a central bank digital currency (CBDC), with Thailand’s central bank stating that it is “already using” its token “for financial transactions with some big businesses.”
Per Nation Thailand, the Vachira Arromdee, assistant governor of the Bank...
Bank of Thailand Enters Third Phase of CBDC Development; Now “Using CBDC with Big Businesses”
17.7.2020
The Bank of Thailand (BOT) announced Wednesday that is has entered third-phase development of its central bank digital currency (CBDC). BOT is planning to expand the use of the CBDC among large businesses. The report by The Nation of Thailand quotes Vachira Arromdee, BOT assistant governor saying...
Swiss Government Makes Moves to Encourage Crypto Businesses
1.7.2020
The Swiss government is making key legislative changes to financial laws to improve legal conditions for blockchain businesses
US Real Estate Market Crisis: 4.3 Million Mortgage Delinquencies, Commercial Properties Sink in Value
27.6.2020
The U.S. economy continues to look bleak as the American citizens and small businesses nationwide struggle to keep up with the government’s rules toward Covid-19 guidelines. In just 13 weeks, over 45 million Americans filed for unemployment benefits and many citizens cannot pay their...
Australians Can Now Pay for Bitcoin at 3,500 Australia Post Offices
25.6.2020
Australian residents can now pay for bitcoin at more than 3,500 national post offices. The new service launched by Bitcoin.com.au is aimed at promoting cryptocurrencies to mainstream audiences, alongside established businesses and organizations. On June 24, 2020, the firm Bitcoin.com.au announced...
UK Financial Watchdog Reminds Crypto Businesses to Register Ahead of Deadline
22.6.2020
The U.K.’s Financial Conduct Authority is urging all crypto businesses operating in the country to submit their applications by June 30 to make it for the 2021 deadline
Cryptocurrency Firms Now Recognized as Money Service Businesses in Canada
2.6.2020
From today onwards, Canadian firms operating with virtual currencies will be legally recognized as Money Service Businesses
RBI Confirms No Ban on Cryptocurrency Exchanges, Businesses or Traders in India
26.5.2020
India’s central bank, the Reserve Bank of India (RBI), has confirmed that there is no longer any banking ban on crypto exchanges, companies, or traders. This follows the supreme court decision to quash the RBI circular prohibiting banks from providing services to any customers dealing...
JPMorgan Chase Starts Accepting Bitcoin Businesses for Banking Services
12.5.2020
JPMorgan Chase has reportedly started providing banking services to bitcoin businesses, with the first two clients being Coinbase and Gemini exchanges. JPMorgan also recently recommended having cryptocurrency in investment portfolios as its CEO, Jamie Dimon, changed his mind about bitcoin. JPMorgan...
New Cryptocurrency Exchanges Launch in India as Businesses Seek Answers From RBI
8.5.2020
The Indian cryptocurrency industry has been growing rapidly despite the nationwide lockdown and the coronavirus crisis. Two new cryptocurrency trading platforms are launching in India while existing crypto businesses seek clarification from the central bank, the Reserve Bank of India (RBI)....
While the Global Economy Shudders, Andreessen Horowitz ‘Excited’ to Invest $500M Into the Crypto Industry
1.5.2020
The private venture capital firm Andreessen Horowitz (a16z) has announced the company is investing $515 million into the cryptocurrency industry. The firm says its “excited” to bolster crypto networks and businesses. Further, the company hopes to strengthen ideas like next-generation...
Japan Implements Significant Changes to Cryptocurrency Regulation Today
1.5.2020
Major changes are happening in the cryptocurrency space in Japan as new cryptocurrency regulation enters into force today. Among notable changes are the regulation of crypto custody service providers and crypto derivatives businesses. Japan has 23 regulated crypto exchanges; unregulated platforms...
$2K per Month for Every American: Andrew Yang Begs Congress to Pass Basic Income
26.4.2020
While most of the U.S. remains on lockdown, a few states across the nation are starting to open up businesses and lift restrictions. Meanwhile, politicians on the left have been trying to push a universal basic income (UBI) package through Congress, in order to give Americans in need a monthly...
New App Lets Coronavirus-Hit Businesses Take Crypto Payments for Zoom Calls
23.4.2020
The app is aimed to make it easier for entrepreneurs plying their trade from home to maintain their income
JPMorgan, Bank of America, Wells Fargo Sued Over Trump’s Paycheck Protection Program
22.4.2020
Class action lawsuits have been filed against JPMorgan Chase, Bank of America, Wells Fargo, and U.S. Bank for their alleged unlawful and fraudulent practices in the Paycheck Protection Program. This program is part of President Trump’s $2.2 trillion stimulus package to help small businesses...
The Stimulus Cover Up: Small Businesses Cheated, Corrupt Covid-19 Stats, Crony Benefits
19.4.2020
Last week thousands of Americans have been reporting that they received their stimulus check, while many people have been having issues with the system. Moreover, the Coronavirus Aid, Relief & Economic Security (CARES) Act has not been able to cover everyone and the Small Business...