Bank of America Plans For Growing Interest In Crypto
Bank of America is putting together a team that will research cryptocurrencies. As one of the largest banks in the US, this move will increase the rate at which Wall Street firms are unveiling crypto services to meet the growing
Tanzania Shows Optimism About Adopting Cryptocurrency
The Tanzanian Central Bank has stated that it works closely with the country’s president, Samia Suluhu Hassan, towards adopting cryptocurrencies. According to reports, the president had issued a directive urging relevant stakeholders to prepare to accept cryptocurrencies. The recent show of
El Salvador’s Opposition Party Files Lawsuit Claiming Bitcoin Law Unconstitutional
After creating history by becoming the first country to accept Bitcoin as legal tender, El Salvador is off to a rough start. The bold move made by the country’s president, Nayib Bukele, has been facing opposition on many fronts. The most
El Salvador Considers Paying Workers in Bitcoin
https://twitter.com/1077Fuego/status/1404821535660167168 After passing a bill that will make Bitcoin a legal tender, the El Salvadorian government has gone a step further by considering paying salaries in Bitcoin. Last week, the crypto community got exciting news about El Salvador’s position on Bitcoin in
El Salvador Remittance Firms Hesitant To Adopt Bitcoin
El Salvador has made headlines in the past two weeks after its legislature passed a bill approving Bitcoin as legal tender. This means that Bitcoin would be used as legal tender in the Central American country alongside the U.S. dollar. Among
El Salvador First Country To Accept Bitcoin As Legal Tender
The last several days have been a whirlwind in El Salvador for Bitcoin. It started with the announcement from the President of El Salvador, Nayib Bukele at the Bitcoin 2021 conference in Miami. During the conference he made a monumental
Saxo Bank Launches Crypto Derivatives Trading
Saxo Bank is extending its reach to the crypto trading sector. Crypto trading on a retail basis will now be available to clients based in Australia and Singapore. Saxo Markets, the digital investing division of Saxo Bank, has announced it will
Citigroup Shifts to Crypto Amidst Growing Demand
Investment banks are now pursuing trading, finance and custody services related to cryptocurrency. It comes amidst growing retail and institutional demand for these assets. Citigroup is allegedly considering offering services related to crypto. Its target consumers are mainly asset managers and
Tether Holdings Surpass Insured Deposits In Many U.S. Banks
Tether has reported more than $50 Billion in circulation. This is more than the insured deposits in most U.S. banks.Tether is a crypto stablecoin pegged to the U.S. Dollar. This is an excellent record for the token, given that it is
Visa Says Platform Embracing Crypto In ‘Very Big Way’
Ternio Blockcard Visa CEO has stated that one of the leading payment platforms is hugely shifting towards cryptocurrencies. He outlined 5 key areas that Visa can explore to achieve this. Visa, one of the leading payments giants, has embraced cryptocurrencies in