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Crypto Adoption

Kraken’s Dan Held Says Bitcoin (BTC) Supercycle Still in Play – Here’s Why

Kraken’s Dan Held Says Bitcoin (BTC) Supercycle Still in Play – Here’s Why

Kraken director of growth marketing Dan Held says the Bitcoin (BTC) supercycle theory that he first put forward in 2019 still holds water. According to Held, the theory advances the idea that a perfect storm such as mistrust in governments and institutions, will propel the mainstream adoption of Bitcoin and drive up the price of […]

The post Kraken’s Dan Held Says Bitcoin (BTC) Supercycle Still in Play – Here’s Why appeared first on The Daily Hodl.

L2 gaming activity spikes in February, but wallets decline — Report

Renowned Fashion Brand Gucci Diving Into Crypto, Will Accept Digital Asset Payments in Select US Stores: Report

Renowned Fashion Brand Gucci Diving Into Crypto, Will Accept Digital Asset Payments in Select US Stores: Report

Acclaimed fashion brand Gucci is venturing into the world of digital assets with the announcement that the company will soon begin accepting crypto payments in select stores across the US. According to a new report by Vogue Business, the famed luxury line will begin welcoming cryptocurrency payments starting at the end of May with plans […]

The post Renowned Fashion Brand Gucci Diving Into Crypto, Will Accept Digital Asset Payments in Select US Stores: Report appeared first on The Daily Hodl.

L2 gaming activity spikes in February, but wallets decline — Report

Crypto Winter Unlikely As ‘Astonishing’ User Growth Dwarfs Internet Adoption Rate: Macro Guru Raoul Pal

Crypto Winter Unlikely As ‘Astonishing’ User Growth Dwarfs Internet Adoption Rate: Macro Guru Raoul Pal

Former Goldman Sachs executive Raoul Pal expects there to be billions of new cryptocurrency users by the end of the decade despite any jitters investors may currently feel about the markets. In a new discussion about recession and inflation on the Real Vision Finance YouTube channel, the macro guru digs into historical data comparing crypto […]

The post Crypto Winter Unlikely As ‘Astonishing’ User Growth Dwarfs Internet Adoption Rate: Macro Guru Raoul Pal appeared first on The Daily Hodl.

L2 gaming activity spikes in February, but wallets decline — Report

Panama Lawmakers Pass Bill That Will Regulate Bitcoin (BTC) and Eight Other Cryptos

Panama Lawmakers Pass Bill That Will Regulate Bitcoin (BTC) and Eight Other Cryptos

Legislators in Panama are passing a new bill that regulates the use of leading digital asset Bitcoin (BTC) and eight other crypto assets. According to Panamanian Congressman Gabriel Silva, the Central American nation has passed legislation that permits unlimited use of nine cryptocurrencies as a means of payment for individuals, banks, and other businesses. “Crypto […]

The post Panama Lawmakers Pass Bill That Will Regulate Bitcoin (BTC) and Eight Other Cryptos appeared first on The Daily Hodl.

L2 gaming activity spikes in February, but wallets decline — Report

Institutional Investors Overwhelmingly Betting on Crypto Takeover This Decade: New Survey

Institutional Investors Overwhelmingly Betting on Crypto Takeover This Decade: New Survey

A new survey by crypto exchange Bitstamp shows that institutional investors have an overwhelming belief in the potential of crypto as a new asset class. The survey involved 5,502 institutional investment decision-makers and 23,113 retail investors from 23 countries across Africa, Asia-Pacific, Europe, Latin America, the Middle East and North America. The result, which was […]

The post Institutional Investors Overwhelmingly Betting on Crypto Takeover This Decade: New Survey appeared first on The Daily Hodl.

L2 gaming activity spikes in February, but wallets decline — Report

Three African Countries Plan to Adopt Cryptocurrency and Blockchain Solutions

Three African Countries Plan to Adopt Cryptocurrency and Blockchain SolutionsThree African countries — namely Cameroon, the Democratic Republic of Congo (DRC), and the Republic of Congo — are reportedly planning to adopt cryptocurrency and blockchain solutions powered by The Open Network (TON). Separately, Cameroon is considering issuing a national stablecoin that is based on the same blockchain network. Phased Adoption of the Solutions The […]

L2 gaming activity spikes in February, but wallets decline — Report

This Is the Most Crypto-Friendly Country in the World, According to Analysis Firm Coincub

This Is the Most Crypto-Friendly Country in the World, According to Analysis Firm Coincub

A new study from crypto insights firm Coincub is shedding light on the most accommodating markets in the world for the digital asset industry. Coincub’s latest report says that Germany has now replaced Singapore as the most crypto-friendly country on earth. The analytics firm highlights a number of key developments over the past year that […]

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L2 gaming activity spikes in February, but wallets decline — Report

Study: 54% of UAE and Saudi Arabia Survey Respondents Said Crypto Should Be Used for Payments

Study: 54% of UAE and Saudi Arabia Survey Respondents Said Crypto Should Be Used for PaymentsAn average of 54% of survey respondents from Saudi Arabia and the United Arab Emirates (UAE) said they believe cryptocurrency should be used as currency. Still, a significant proportion of the respective countries’ respondents believe certain obstacles are stopping cryptocurrencies from going mainstream. Crypto as Currency According to the findings of a study by Checkout.com, […]

L2 gaming activity spikes in February, but wallets decline — Report

Aussie convenience store giant to accept crypto at 170 outlets

On The Run (OTR) will work with Crypto.com to implement its Pay Merchant product, with a Sydney payment systems provider rolling out new terminals to allow consumers to pay with crypto.

Convenience store and gas station giant On The Run (OTR) will soon accept crypto payments at its 170 outlets across South Australia and Victoria. The move will allow customers to pay for gas, snacks, and even a Subway foot long in over 30 cryptocurrencies.

OTR’s parent company the Peregrine Corporation, one of the largest privately-owned companies in South Australia, will also be accepting crypto at its Subway, Oporto, and Smokemart stores. Once the system is finalized in July, it will become the largest business in the country to accept in-store crypto payments.

The company is working with Singapore-based exchange Crypto.com to implement its Pay Merchant service as its payment settlement layer. Datamesh, a Sydney-based payment systems provider, will roll out point of sale terminals allowing shoppers to pay through the Crypto.com app with their cryptocurrency holdings.

Yasser Shahin, Peregrines’ executive chairman, stated that accepting crypto payments was an opportunity to jump on board with the growth of cryptocurrencies, adding:

“The growth and mainstream acceptance of cryptocurrency adoption in Australia and the rest of the world has been phenomenal, and has offered us a clear opportunity to tap into the momentum of this fast-growing space for the benefit of our customers.”

Related: Aussie crypto 'finfluencers' face tough new legal restrictions

A survey by Crypto.com released in February revealed that only 4% of globally surveyed merchants were already accepting cryptocurrencies as payment, although nearly 60% of merchants were interested in accepting payments within the next year.

In comparison, around 40% of customers globally are already paying using crypto, and the other 60% said they’re interested in paying with crypto within the next 12 months.

Of the industry sectors most willing to adopt cryptocurrencies, retail and grocery merchants tied with luxury goods providers, with 80% in each category enthusiastic about accepting crypto payments.

With cryptocurrency use in Australia becoming more prevalent, the Australian government is navigating how to regulate and address its usage. In March, Senator Andrew Bragg announced the Digital Services Act (DSA), a legislative proposal aimed at reforming market licensing, custody, and taxes, stating he wants to see Australia become a “crypto hub” and that the country is “open for business”.

L2 gaming activity spikes in February, but wallets decline — Report

Over Half of Americans Think Crypto Assets Are the Future of Finance: New Survey

A new national survey in the US finds that the majority of Americans believe crypto will go on to revolutionize finance. The new poll was commissioned by StarkWare, a blockchain infrastructure film doing research for their future products. According to StarkWare CEO and co-founder Uri Kolodny, “The results are exciting, but also unsettling. They highlight huge […]

The post Over Half of Americans Think Crypto Assets Are the Future of Finance: New Survey appeared first on The Daily Hodl.

L2 gaming activity spikes in February, but wallets decline — Report