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” Crypto payments gain ground thanks to centralized payment processors “ The cryptocurrency market has grown beyond many people’s expectations over the past decade. The nascent industry has managed to change mainstream perception quite significantly, especially in 2021, which saw many traditional financial institutions adopt crypto in one form or another. Some of the biggest…
” VC Roundup: ‘Web5,’ Metaverse sports and Bitcoin monetization startups generate buzz “ A lot has happened in the Bitcoin (BTC) and cryptocurrency markets since our last edition of VC Roundup. The monumental collapse of the Terra ecosystem spilled over into other segments of the digital asset market, exposing over-leveraged traders, lending platforms and venture…
” Build business: An outlook on the Web3 industry during the downtrend “ By the end of May, Bitcoin’s (BTC) price had dropped 40%, Ether (ETH) had lost 50% of its value, and the entire crypto market dipped below its $1-trillion capitalization for the first time since January 2021. As we enter a clear bear…
” 5 events that could put an end to the current crypto bear market “ Much to the chagrin of cryptocurrency investors across the ecosystem, the bear market has officially set in and brought with it devastating price collapses that have left relatively few unscathed. As the popular topic of conversation now centers on bearish…
” All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments “ Elon Musk’s tunnel construction firm The Boring Company (TBC) has begun allowing customers to pay for rides on its Las Vegas transit system using Dogecoin (DOGE) A Wednesday report from CNBC said the new payment option via BitPay surfaced on July 1, a…
” 85% of merchants see crypto payments as a way to reach new customers: Survey “ While the market goes steady, the crypto ecosystem continues to grow as merchants innovate and adopt cryptocurrency payments in their quest to gain new customers. Data platform PYMNTS collaborated with Bitpay to survey merchants, in an attempt to understand…
” High-ranking crime fighter to join UK’s FCA as payments and digital assets director “ UK regulator the Financial Conduct Authority (FCA) has recruited almost 500 additional staff members this year as part of its new three-year strategy. Among the new hires are six directors, whose appointments were announced July 5. Two of them come…
” It seems NFT-themed Bored & Hungry restaurant no longer accepts crypto “ The Los Angeles Times reported Friday that recently opened NFT-themed burger joint Bored & Hungry no longer accepts cryptocurrency as a form of payment for its food. When questioned, one Bored & Hungry employee told the Los Angeles Times “Not today —…
” Bitcoin payments make a lot of sense for SMEs but the risks still remain “ The last six odd months has seen the cryptocurrency market witness an unparalleled amount of financial volatility, so much so that the total capitalization of this fast-maturing space has dropped from $3 trillion to approximately $1 trillion. This comes…
” Accepting Bitcoin for your business just like Tesla: Report “ Tesla temporarily embracing Bitcoin (BTC) as a method of payment for its products was conceivably one of the catalysts that pushed asset prices to record highs last year and put the spotlight on crypto legitimacy — particularly in the realm of payments. Moreover, crypto…