The mayor of Rio de Janeiro, Eduardo Paes, announced that the Brazilian city would be investing 1% of its Treasury in crypto. Rio de Janeiro Mayor Eduardo Paes has pledged to invest 1% of the city’s Treasury in cryptocurrencies, per Brazilian news outlet O Globo.  “We are going to launch Cripto Rio and invest 1% of…

Cryptocurrencies are getting harder to ignore with each passing day. It’s not just big institutions acquiring crypto but even small businesses have been following the same tune. The crypto industry is expanding exponentially and so is its adoption for payment among small and medium-sized businesses or SMBs. Count me in  Crypto is still not an everyday payment method…

The SDSU announced that it’s accepting donations in cryptocurrency to fund activities that promote crypto adoption within the university. Back in October 2021, The Campanile Foundation (TCF), an auxiliary of the San Diego State University (SDSU), accepted its first crypto donation. Now, the university announced that it is welcoming digital currency donations in Bitcoin (BTC) and Ether…

New research has revealed that most cryptocurrency holders prefer getting paid in digital currencies as the sector increasingly integrates with the financial system.  The report dubbed ‘Inside the crypto community: Plotting the journey to mass adoption’ by payment platform Paysafe states that about 55% of holders would like to earn their salaries in digital assets. According to…

46% of respondents reported having $1,000 or less in crypto, while another 25% said they held between $1,000 and $10,000. The vast majority of cryptocurrency owners in the United States made its first-ever crypto investments just within last year, according to a new survey. About 70% of crypto hodlers in the U.S. started investing in…

Spain will rank number 3 on the list of countries with the biggest number of Bitcoin ATMs. Bitnovo, one of the top Spanish bitcoin payment platforms, has partnered with Eurocoin, Europe’s leading supplier of electronic components, in order to install 100 cryptocurrency ATMs in 2022. Spain is the number one country in Europe when it comes to the…

With a population rapidly adopting Bitcoin, Africa is dismissing classic narratives and becoming the world’s epicenter for the financial future. Africa is leading the way for global Bitcoin adoption — pioneering the first truly peer-to-peer movement on the ground. While many parts of the developed world are fixated on the speculative activity of bitcoin, people…

The internet was a once in a generation technology, offering opportunities that the mainstream certainly wasn’t able to recognise at the beginning. Since then it has become an inseparable part of daily life for many. It could be said that blockchain and cryptocurrencies are like the internet of 30 years ago, and what is ahead…

Encouraging rhetoric from incoming New York City Mayor Eric Adams is a welcome sign for cryptocurrency-related businesses looking to settle there. Yet, despite these positive signs, some are asking whether he will have the power to effect more stringent regulations at the state level. Additionally, Adams faces competition from other American cities vying for a…

The HKMA plans to outline a regulatory framework for local businesses and traders by July 2022 as it would pay special attention to stablecoins. The Hong Kong Monetary Authority (the central banking institution of the city-state) reportedly intends to establish a new regulatory regime for digital assets by July this year. The special administrative region…