A new study reveals that the United States leads in both scam and failed crypto projects. US Leads in Crypto Scams, Study Finds According to a study examining more than 1,500 crypto projects, U.S. founders account for 43.4% of all identified scam crypto projects in 2024. Between January and October, the country’s share of total…
Trump crypto talks have brought new energy to the cryptocurrency market, with Bitcoin surging past $80,000 following his presidential victory. The crypto community’s optimism stems from the regulatory adjustments he promised could reshape the U.S. digital asset landscape. Trump crypto talks with industry leaders show his goal of making America the “crypto capital of the…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Detroit is preparing to become one of the first major U.S. cities to allow residents to pay taxes and other city fees using cryptocurrency. In an announcement on November 7, Detroit’s Office of Treasury confirmed that residents will have the option to pay through a “secure payment platform managed…
Florida has invested nearly $800 million in crypto, according to the state’s chief financial officer Jimmy Patronis. Patronis shared more about Florida’s crypto investment during an interview with CNBC on Thursday, Oct. 31, 2024. According to Patronis, crypto is here and its an opportunity that Florida is keen to harness. Florida holds approximately $800 million…
Banco Bisa, the fourth-largest bank in Bolivia, has launched a USDT custody service. Cutstomers can buy, hold and send USDT from their bank accounts. Banco Bisa, Bolivia’s fourth-largest bank, has introduced a stablecoin service aimed at bolstering security for holders as well as promoting their use in cross-border transfers. The custody service will allow Banco…
Hong Kong Stock Exchange has announced launch of a virtual asset index series. The stock exchange will collaborate with crypto data firm CCData to offer pricing data benchmark for Bitcoin and Ethereum in the Asian time zone. The Hong Kong Stock Exchange, the world’s sixth largest stock exchange, has announced the launch of a virtual…
A recent study reveals that nearly two-thirds of surveyed U.S. citizens (64.7%) believe a Donald Trump or Republican victory in the presidential election would spark a bullish trend in crypto prices. This optimism stems from the Republican Party’s business-friendly reputation, which resonates with crypto enthusiasts. On the flip side, only 9.1% of respondents think a…
Anthony Pompliano, a co-founder of Morgan Creek Digital, argues that government crackdowns on Bitcoin (BTC) may increase its adoption. He draws attention to examples in countries like Pakistan, Nigeria, or China, where restrictions lead to crypto interest booms. Pompliano agreed that attempts to ban Bitcoin “just highlights how resilient it is,” with people trying to…
Crypto exchange Binance has expanded its reach in West and Central Africa, integrating mobile money payments for cryptocurrency purchases in six countries. This move supports Binance’s goal to boost financial inclusion and make digital assets more accessible. By offering a secure, user-friendly entry into crypto, Binance aims to empower millions across Africa with greater access…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Nearly a year after the approval of spot Bitcoin exchange-traded funds (ETFs), the once-niche crypto industry has broken into the mainstream. According to a new report from Chainalysis, the arrival of these ETFs in January 2024 has massively boosted global adoption, solidifying the role of Bitcoin in traditional finance…
Este artículo también está disponible en español. In a dramatic turn of events, the Bitcoin price has breached the $64,000 threshold again after a 7.7% increase from a low of $59,400 in four days. This sudden price jump has sent shockwaves through the crypto market, with data from Coinglass revealing a significant wave of liquidations…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Latin America is experiencing a major surge in cryptocurrency adoption amid rising inflation and persistent currency devaluation. According to a recent Chainalysis report, the region received $415 billion in digital assets between July 2023 and June 2024, accounting for 9.1% of global crypto value during that period. Notably, Argentina…
Argentina’s stablecoin adoption is rising fast. The country faces an economic crisis, and Latin America’s third-largest economy now relies heavily on crypto. Citizens use stablecoins to protect against inflation and currency devaluation. Also Read: Wall Street Bear Turns Bullish on Stocks After 2-Year Downturn The Rise of Stablecoins: How Argentina Adopts Crypto Amid Economic Crisis…
October 10, 2024 at 04:55 AM GST updated: October 10, 2024 at 03:26 AM 2 mins read News Binance CEO Richard Teng denies misuse of Launchpool funds and asserts the company’s dedication to fairness and user protection. Last year, Binance prevented $2.4B in fraudulent transactions, demonstrating its commitment to combating global crypto scams. Binance aids…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 In 2024, Brazil is witnessing a notable surge in demand for Bitcoin and other cryptocurrencies, driven by several factors highlighting the country’s evolving crypto landscape. This trend reflects Brazil’s increasing adoption of digital currencies and their integration into everyday financial activities. Brazil Sees Surge in Cryptocurrency Imports as Demand…
Bolivia saw a 100% increase in trading volumes of virtual assets between July and September. The increased volume comes after Banco Central de Bolivia lifted a long ban on Bitcoin. Bolivia’s central bank lifted the ban in June this year. Bolivia has reportedly recorded a 100% surge in virtual asset trading, a few months after…
PayPal enables US business accounts to buy, hold and cell crypto. Service will initially be unavailable to users in New York State. PayPal has expanded the feature that allows consumers to buy, hold and sell cryptocurrencies in the US to business accounts. In an announcement on Sept. 25, PayPal said clients with businesses across the…
Play-to-earn blockchain games are driving crypto adoption in emerging markets, particularly in Southeast Asia, Latin America, and Africa. Experts attribute this growth to their accessibility, economic opportunities, and community-building benefits. One expert believes play-to-earn games can serve as a bridge to mass crypto adoption by leveraging the popularity of gaming and introducing users to the…
As per Bitwise CIO Matt Hougan, more and more leading US financial advisors are now investing in cryptocurrencies in their own capacity. Addressing the Barron’s Advisor 100 Summit, Hougan said that 70% of the advisors in attendance were invested in crypto. This was a stark contrast with the previous years when only 10% to 20%…
Bitget has seen a significant increase in African users, driven by factors like copy trading popularity and the growth of the TON ecosystem. The exchange has focused on user education and accessibility to attract users in the region. Bitget Wallet has become a top-ranked app in Nigeria, surpassing popular platforms like Tiktok and Whatsapp. Copy…
Boerse Stuttgart Digital is collaborating with DZ Bank to bring secure cryptocurrency trading and storage to over 700 cooperative banks across Germany. The move marks a significant step toward mainstream crypto adoption in Europe, with banks now offering regulated crypto services to retail customers. This collaboration will help meet the growing demand for digital assets,…
The UK introduced a bill to legally recognize digital assets like cryptocurrencies and NFTs as personal property. This bill creates a new category of property beyond the traditional two classifications in English and Welsh law. The United Kingdom has taken a significant step in modernizing its legal framework by introducing a bill officially recognizing digital…
September 12, 2024 at 10:30 PM GST updated: September 12, 2024 at 09:30 PM 3 mins read News CSAO leads the 2024 Global Crypto Adoption Index, with India, Indonesia, and Vietnam ranking in the top three globally. Emerging markets like Nigeria, Sub-Saharan Africa, and Latin America see increased stablecoin use and DeFi adoption. Global crypto…
Swift announces plans to streamline adoption of digital assets, including regulated stablecoins. Growth in the real-world assets (RWA) market, CBDCs and stablecoins are major reasons for Swift’s initiatives across the blockchain space. Swift, the financial messaging network supporting the international payments system, is working towards a broader adoption of digital assets and currencies. This includes…
The crypto industry is still in its early stages of growth, despite a significant increase in adoption rates. Experts believe that the sector’s future depends on factors like regulatory developments and market stability. Singapore has emerged as a leading crypto hub due to its favorable regulatory environment and government support, partly driven by China’s crackdown…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Recent Federal Reserve research indicates that crypto ownership in the United States has declined, even as the crypto market experienced a resurgence in 2023. The findings come from the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute (CFI), which published a report noting a lack of correlation between the…
Zürcher Kantonalbank (ZKB), Switzerland’s largest cantonal bank, has partnered with Crypto Finance AG to offer crypto asset brokerage services. By partnering with Crypto Finance AG, ZKB gains access to an experienced and regulated partner with deep industry expertise in the crypto space. This partnership marks a significant step towards the broader acceptance of cryptocurrencies in…
Este artículo también está disponible en español. The crypto market has seen some recovery over the last few days, with the weekend becoming one of its most bullish periods. However, despite the notable rise in the crypto market, crypto analyst Alan Santana has warned of a potential crash that could send the market spiraling. This…
A new report reveals a significant increase in wealthy crypto asset holders, with bitcoin (BTC) millionaires rising 111% to 85,400 and individuals with crypto assets worth $1 million increasing 95% to 172,300. Dominic Volek of Henley & Partners attributes this surge to the introduction of crypto exchange-traded funds (ETFs) and a BTC rally surpassing $70,000….
Ethereum is making waves in Argentina’s education system. The country is taking a bold step to bring blockchain technology into high school classrooms. This initiative is led by Argentina’s Ministry of Education and the ETH Kipu Foundation. It aims to prepare students for the digital economy. Also Read: Shiba Inu: SHIB Is Gradually Rising To…
Crypto exchange Bitpanda and trading platform CoinMENA have announced a strategic alliance aimed at bolstering the latter’s efficiency. CoinMENA has operational licenses from the Central Bank of Bahrain and the Dubai Virtual Asset Regulatory Authority (VARA). The platform’s strategic partnership with Bitpanda also seeks to boost the Middle East & North Africa focused crypto entity’s…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Renowned Democratic donor and tech venture capitalist Ron Conway has reportedly distanced himself from the influential crypto super political action committee (PAC) Fairshake. This decision comes after the PAC committed $12 million to unseat Sen. Sherrod Brown (D-Ohio) in favor of his Republican opponent, Bernie Moreno, without Conway’s prior…