Latest Posts with Adoption tag

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Over $300 million in China’s CBDC Has Been Spent

3 Nov 2020 1 minute read 2 comments Abhimanyu Krishnan

According to a report from Reuters on November 2, China’s Digital Yuan CBDC has already seen approximately $300 million spent by citizens. Speaking at Hong Kong’s “Fintech Week” conference, Governor of the People’s Bank of China Yi Gang said that mo...

PayPal Earnings Call Outlines Firm’s Crypto Plans

3 Nov 2020 1 minute read 3 comments Abhimanyu Krishnan

In a Q3 earnings report call held on November 2, PayPal outlined its plans for cryptocurrency support, offering insight into how it plans to strategize the asset class in 2021. The key highlight from the call was that cryptocurrency services would b...

Bitcoin is going to be adopted not only by individuals but even by companies!

31 Oct 2020 4 minute read 0 comments qsyal

It's no secret the relationship between Bitcoin and traditional banks and entities was until very recent NOT so good.In fact, Bitcoin has been undergoing fierce battles of discrediting against many institutional companies since it came into existence...

Grayscale Report Show That Over Half of US Investors Are Interested in Bitcoin

29 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Digital asset management firm Grayscale Investments released its latest report on October 27, covering investor behaviour related to Bitcoin (BTC) investments.  Titled ‘Bitcoin Investor Study’, the report analyzed the degree of mainstream adoption t...

PayPal Might Be Buying Crypto Firms

23 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Bloomberg reported on October 23 that Paypal is considering buying custodian BitGo, among other industry entities. Bloomberg’s sources told the outlet that Paypal was considering buying multiple companies, with BitGo being the most prominent company...

PayPal to Support Cryptocurrency Payments from 2021

22 Oct 2020 1 minute read 2 comments Abhimanyu Krishnan

Online payments platform PayPal announced on October 21 that it would begin allowing users to buy, sell, and hold cryptocurrency in the next few weeks.  PayPal has partnered with Paxos for this service, a development first rumored to have happened in...

PayPal Launches Crypto Service.

21 Oct 2020 1 minute read 0 comments Groonie

Yeah, you read that right. PayPal launches a crypto service. Among their goals in this is "Building Understanding and Adoption of Cryptocurrency". They will initially enable users to hold "Bitcoin, Ethereum, Bitcoin Cash and Litecoin, directly within...

Crypto is coming to PayPal!

21 Oct 2020 1 minute read 0 comments Mr. Sloth

Reuters released a press statement from PayPal which confirms, that PayPal customers will be able to shop with crypto currencies at 26 million merchants. This is a very big step for the adoption. It seems like this feature will be first rolled out in...

MicroStrategy CEO Says that "Awful" Bitcoin Market Data is Holding it Back

21 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Microstrategy CEO Michael Saylor, in an interview with Hedgeye CEO Keith McCullough on October 20, criticised the prevailing data on Bitcoin and the market. Saylor spoke of inflated volumes, though he did see a silver lining in the status quo. Held...

$10B Asset Manager Reveals Its $115M Bitcoin Investment

14 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Asset management firm Stone Ridge had revealed that it had been investing Bitcoin under a subsidiary company since 2017, and now holds $115 million in the asset. In 2017, Stone Ridge subsidiary New York Digital Investment Group (NYDIG) raised $50 mi...