Elon Musk wants Twitter payments system built to support crypto
Elon Musk has reportedly given his engineers instructions to construct the Twitter platform’s payment system in a manner that would enable the addition of crypto capabilities in the future, although, it will initially support only fiat currencies. According to two individuals familiar with Twitter’s intentions, the payments function would initially handle fiat currencies but will […]
China plans return to crypto industry – Justin Sun
Tron founder Justin Sun through a series of tweets believes China is preparing a comeback to the crypto space with its new tax implementation on cryptocurrency transactions. On January 30, Justin Sun said in a series of tweets that China’s adoption of a tax on cryptocurrency transactions heralds a return to the cryptocurrency market. Despite […]
Top 10 benefits of using cryptocurrency for online transactions
Cryptocurrencies, which are better than fiat currencies, are being more widely used as payment methods. This article lists the top 10 benefits of using cryptocurrency for online shopping. What are Cryptocurrencies? To begin, a cryptocurrency is a digital currency that is not issued or regulated by any central bank or government. The term “cryptocurrency” first appeared […]
New York releases new guidelines for crypto custodial structure
New York Department of Financial Services (DFS) issued regulatory recommendations on January 23, 2023, to better safeguard consumers in the case of virtual currency insolvency. Although not mandatory, the advice nonetheless has persuasive power. The guidelines are applicable to organizations that New York DFS has granted a license or chartered to manage virtual currency assets […]
Bitcoin Might Hit $25k By March 2023
The year 2022 was a very tough year for all cryptocurrencies, most especially Bitcoin. Bitcoin has lost nearly 65% of its market value in the entire year of 2022. A series of unfortunate events such as the Terra Luna crash, the fallout of the largest crypto exchange FTX, and the looming macroeconomic conditions caught crypto […]