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Crypto Adoption

Veteran Investor Mark Mobius Says He’s Not a ‘Bitcoin Enthusiast’, but This Single Factor Could Change His Mind

Veteran investor Mark Mobius reveals one key element that could reverse his stance on Bitcoin. Mobius, who co-founded frontier markets company Mobius Capital Partners, says in a Bloomberg interview that he isn’t a Bitcoin (BTC) enthusiast even though some of his friends are. “A lot of my friends are Bitcoin enthusiasts. I am not.” However, […]

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Massive Campaign Uses Over 700K Wallets in Cryptojacking Scheme

Crypto Adoption: Bitcoin Now Accepted on Digital Platform Powering Popular Voices in Finance

The popular online newsletter platform Substack is now accepting Bitcoin payments for some of its content. OpenNode, a BTC payment processor, is teaming up with Substack to enable the payments, which can happen on-chain and through the Lightning Network. Substack is backed by crypto-friendly venture capital giant Andreessen Horowitz, with the platform publishing work from […]

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Massive Campaign Uses Over 700K Wallets in Cryptojacking Scheme

Global Cryptocurrency Adoption Is ‘Skyrocketing,’ and This Country Is Leading the Way: Chainalysis

A new report from blockchain data platform Chainalysis indicates that crypto adoption is surging around the globe, with residents of one particular country leading the way. Vietnam tops Chainalysis’ 2021 Global Crypto Adoption Index, with strong numbers in total cryptocurrency activity, on-chain retail value transferred, and peer-to-peer (P2P) exchange trade volume. The Southeast Asian country […]

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Massive Campaign Uses Over 700K Wallets in Cryptojacking Scheme

Bitcoin Partnership Unlocks BTC and Ethereum Payments for 85,000 Merchants

The Zurich-based crypto-financial service provider Bitcoin Suisse is partnering with European payments firm Worldline to unlock instant Bitcoin (BTC) and Ethereum (ETH) payments for 85,000 merchants in Switzerland. The new service, called WL Crypto Payments, enables merchants to accept BTC and ETH payments at the point of sale and in e-commerce, according to a Worldline […]

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Massive Campaign Uses Over 700K Wallets in Cryptojacking Scheme

Global Cryptocurrency Adoption Jumps 881% Led by Asian Countries, Index Shows

Global Cryptocurrency Adoption Jumps 881% Led by Asian Countries, Index ShowsBlockchain data platform Chainalysis has published its 2021 Cryptocurrency Adoption Index, which ranks 154 countries by crypto adoption. According to the firm, global crypto adoption has grown by over 2,300% since Q3 2019 and over 881% in the last year. New Global Cryptocurrency Adoption Index On Wednesday, Chainalysis published a preview of its 2021 Geography […]

Massive Campaign Uses Over 700K Wallets in Cryptojacking Scheme

Big Three Credit Agency Fitch Warns El Salvador Adopting Bitcoin Will Negatively Affect Insurers

Big Three Credit Agency Fitch Warns El Salvador Adopting Bitcoin Will Negatively Affect InsurersFitch Ratings, the American credit agency and member of the ‘Big Three’ credit agencies, has published a paper on El Salvador’s adoption of bitcoin and making the crypto asset legal tender in the country. Fitch believes that after the country enforces the new tender law it will face “volatility risk” alongside “regulatory and operating risks” […]

Massive Campaign Uses Over 700K Wallets in Cryptojacking Scheme

Retail Giant Walmart Hunts for ‘Digital Currency and Cryptocurrency Product Lead’

North American retail giant Walmart is on the hunt for a cryptocurrency product lead to take charge of the company’s digital currency strategy. The retailer’s job listing seeks a leader with at least a robust 10-year background in product or program management as well as technology commercialization. The chosen individual also needs to have previous […]

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Massive Campaign Uses Over 700K Wallets in Cryptojacking Scheme

Western nations need better public-private cooperation on crypto, says Mohamed El-Erian

The famous economist has warned that western nations risk losing out to China in the emerging digital economy if they continue to be dismissive of crypto.

Mohamed El-Erian, chief economic advisor at Allianz, has called for greater cooperation between western governments and crypto businesses to better leverage the benefits of the ongoing cryptocurrency revolution.

In an article published in the Financial Times on Thursday, the famous economist highlighted China’s unified approach to dealing with crypto and blockchain as against the fragmented handling of the novel tech in the United States and Europe.

As part of the article, El-Erian called on western governments to adopt a less dismissive stance on crypto and be more open to embracing the innovations coming out of the cryptocurrency space  especially in the financial sector.

El-Erian characterized the debates among policymakers in the U.S. and Europe as being narrow-minded especially when put in the context of the greater issues at play concerning cryptocurrencies.

According to the Allianz executive, failure of the west to keep up with Beijing’s accelerated development of its digital economy could have significant implications beyond global finance and into the geopolitical sphere.

El-Erian suggested a more cooperative approach that balances the policy discomforts of governments and central bankers with the desire by the private sector to pursue digital finance innovations via cryptocurrencies.

Related: Law professor calls for crypto mining regulation during US Senate hearing

The Allianz executive enjoined all stakeholders — both public and private — to take the necessary steps needed to create the required synergistic interaction necessary for embracing the ongoing crypto revolution.

El-Erian also identified anti-money laundering compliance as being a necessary evil for crypto firms. According to the article, the onus is on crypto proponents to cultivate better relationships with regulatory stakeholders given the disruptive nature of the novel tech.

The famous economist is not alone in warning that the U.S. and Europe could fall behind China and Asia in the emerging digital economy. A combination of fragmented state and federal regulations have been identified as likely to force digital innovation out of America.

Meanwhile, crypto regulations appear to be more on the agenda with the likes of Senator Elizabeth Warren and Treasury Secretary Janet Yellen keen on introducing stricter laws guiding the market.

Massive Campaign Uses Over 700K Wallets in Cryptojacking Scheme

Dash launches retail consumer app for shopping in stores across America

The app allows consumers to pay with Dash at over 155,000 in-store locations and 125 online retailers across the United States.

Dash has announced the launch of DashDirect — a consumer app that allows users to spend the DASH cryptocurrency in stores across America.

In an announcement released on Tuesday, Dash revealed that the new customer-focused app will offer up to 12% in savings on purchases by users.

Detailing the rebates and discount features, Mashall Greenwald, DashDirect Founder and CEO of CrayPay told Cointelegraph: “After you enter the exact amount of your current purchase in the app, an immediate discount of up to 12% is applied,” adding:

“This allows anyone to spend Dash for everyday purchases as easily as using USD, but with the added protections of decentralized money and the added value of 5% average savings due to Dash's efficient, low-cost transactions and DashDirect's unique merchant network.”

According to the release, the app will allow users to pay with Dash at popular American retail outlets like Best Buy, Staples, Chipotle, Home Depot, among others. According to Greenwald, thought the initial DashDirect launch is restricted to the U.S. there is demand for the product in several other countries.

“We will need to expand our merchant network to include merchants in any given region along with adding localized currency conversion and language support,” Greenwald added to Cointelegraph

Related: Payments-focused cryptocurrency Dash now has a bridge to DeFi

Greenwald also told Cointelegraph that DashDirect is non-custodial, meaning that users will retain control of their Dash tokens when using the app. According to the DashDirect chief, the platform leverages Dash’s payment technology to offer low-cost, instant payment capability required for crypto-based microtransactions.

The app will also reportedly include a tipping feature, and a dashboard for users to track spending and savings.

DashDirect is also a further indication of Dash’s move to position itself as a payment-focused crypto. Back in January, its DashPay smartphone wallet app moved into the testnet phase.

Massive Campaign Uses Over 700K Wallets in Cryptojacking Scheme