Here’s Where the Next Billion Crypto Users Will Come From, According to Chainlink Creator Sergey Nazarov

September 10, 2024 The Daily Hodl

Blockchain

Chainlink (LINK) co-founder Sergey Nazarov is detailing how crypto adoption could witness exponential growth. In an appearance on The Defiant YouTube channel, Nazarov says that the traditional finance (TradFi) institutions will on-ramp the “next billion users” of crypto. “I do think a very large amount of users both in total value and individuals will come […]

The post Here’s Where the Next Billion Crypto Users Will Come From, According to Chainlink Creator Sergey Nazarov appeared first on The Daily Hodl.

Cantor Fitzgerald taps Anchorage Digital, Copper as Bitcoin custodians

Swiss Bank ZKB Partners With Crypto Finance to Launch Crypto Asset Brokerage

September 5, 2024 Bitcoin.com

bitcoin.com

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 […]

Cantor Fitzgerald taps Anchorage Digital, Copper as Bitcoin custodians

Study: Bitcoin Millionaires up by 111%, Crypto Users Reach 560 Million

August 29, 2024 Bitcoin.com

bitcoin etf

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. […]

Cantor Fitzgerald taps Anchorage Digital, Copper as Bitcoin custodians

Transak becomes first US crypto on-ramp to enable wire transfers

August 6, 2024 Coin Telegraph

Coin Telegraph

Wire transfers in the world’s largest economy could attract more high-net-worth individuals to crypto.

Transak, a Web3 payments infrastructure provider, has become the first fiat-to-crypto on-ramp to introduce wire transfers for crypto users in the United States.

This marks the first time that crypto users in the world’s largest economy will be able to top up their digital asset accounts via wire transfers.

Providing a familiar and secure payment method like wire transfers could bolster crypto adoption and make it more accessible to the mainstream, according to Sami Start, the co-founder and CEO of Transak.

Cantor Fitzgerald taps Anchorage Digital, Copper as Bitcoin custodians

Coinbase Reports $1.4 Billion in Q2 Revenue Amid Industry’s Regulatory Advances

August 2, 2024 Bitcoin.com

Coinbase Reports .4 Billion in Q2 Revenue Amid Industry’s Regulatory Advances

bitcoin.com

Coinbase posted $1.4 billion in total revenue for the second quarter of 2024, marking a period of continued growth and progress in the crypto industry. The company’s earnings report said it also made strides toward regulatory clarity in the U.S., a key development for the broader crypto economy. Coinbase Publishes Q2 2024 Earnings and Shareholder […]

Cantor Fitzgerald taps Anchorage Digital, Copper as Bitcoin custodians

Stablecoin growth soars as crypto global mass adoption ramps up

July 31, 2024 Coin Telegraph

Coin Telegraph

Steady growth in the market cap of many stablecoins highlights investors’ interest in all aspects of the crypto market.

As 2024 continues to unfold, and new unprecedented developments in the cryptocurrency space such as the launch of spot Bitcoin and Ethereum ETFs, another trend is emerging. The growth of stablecoins that has lasted for ten consecutive months and stablecoins’ market dominance rise to 6.93%.

Stablecoins are a class of cryptocurrencies whose value is fixed to a reserve asset, like a fiat currency or commodity. They stand apart from the frequent price volatility associated with cryptocurrencies such as Bitcoin (BTC) or Ether (ETH) due to their stability

According to a report from CCData, the total stablecoin market capitalization rose by 2.11% in July to $164 billion amid a ten-month ascent that was witnessed by major stablecoins.

Cantor Fitzgerald taps Anchorage Digital, Copper as Bitcoin custodians

Chainlink integration adds transparency to 21Shares Ether ETF

July 29, 2024 Coin Telegraph

21shares

The integration aims to create more transparency for 21Shares’ Ether ETF, which could create more trust among investors.

21Shares has integrated Chainlink’s proof-of-reserve (PoR) system to create more transparency for its Core Ethereum exchange-traded fund (ETF).

21Shares, one of the world’s largest issuers of crypto exchange-traded products (ETPs), aims to build greater trust in its physically-backed Ether (ETH) ETF by integrating proof of reserves.

The transparency created by the new integration could further the path of digital asset adoption, according to Johann Eid, the chief business officer of Chainlink Labs, who wrote in a shared statement:

Cantor Fitzgerald taps Anchorage Digital, Copper as Bitcoin custodians

Australian stablecoin startup Stables expands to Europe

July 21, 2024 Coin Telegraph

Bernado Bilotta

Stables co-founder Bernado Bilotta says stablecoins are starting to break free of “crypto-native” applications and make their way into the mainstream.

Australian stablecoin payments startup Stables has announced its expansion to Europe in partnership with Mastercard, which co-founder Bernado Billota says indicates a wider trend of the dollar-pegged assets breaking into the mainstream.

Speaking to Cointelegraph, Bilotta said the expansion marked an important step for his firm, noting an increase in the size of the total addressable market of new customers in Europe, which he said was roughly twenty times the size of Australia.

The new partnership will allow Stables users to make purchases with Circle’s USD Coin (USDC) in 27 countries throughout Europe wherever MasterCard is accepted and through digital vendors like Apple and Google Pay.

Cantor Fitzgerald taps Anchorage Digital, Copper as Bitcoin custodians

Solana has impacted Africa’s crypto market maturity — Exchange exec

July 7, 2024 Coin Telegraph

African OTC crypto

Adopting any technology is based on the strength of its community, and Solana has proven that with its African community.

Oladotun Wilfred Akangbe, the chief marketing officer of Flincap — a platform for African over-the-counter crypto exchanges — has highlighted the cryptocurrency industry’s remarkable growth and maturity, focusing mainly on Solana’s resilience and community efforts in Africa.

Akangbe told Cointelegraph that the crypto industry is steadily maturing, demonstrating its ability to withstand various challenges that would have previously triggered a market downturn.

Despite challenges such as the regulatory issues surrounding Binance and Binance founder, Changpeng Zhao, pleading guilty in November 2023 to violating United States money laundering laws, the industry continues to grow.

Cantor Fitzgerald taps Anchorage Digital, Copper as Bitcoin custodians

Tether signs MoU to promote crypto freedom in Turkey

July 2, 2024 Coin Telegraph

asset tokenization

Stablecoin giant Tether is eager to learn about the possibilities of introducing new business lines into Turkey’s banking in cooperation with the local crypto firm BTguru.

Tether is increasing its presence in Turkey by partnering with a local cryptocurrency firm to promote industry knowledge.

The firm, issuer of the Tether (USDT) stablecoin, has signed a memorandum of understanding (MoU) with local crypto platform BTguru to evaluate digital asset-related educational initiatives in Turkey, it announced on July 2.

BTguru positions itself as a technology and strategy partner, specializing in virtual crypto assets “for primarily banks.”

Crypto Adoption