The number of vendors and businesses accepting payments through Bitcoin spiked by a whopping 174 percent last year. The most expensive cryptocurrency in existence, Bitcoin went through a notable slump in 2023 after several market shaking incidents like the collapse of FTX and Terra left investors high and dry. For…
Ferrari, in a bold pro-crypto move, has decided to accept payments for its luxury cars in the form of Bitcoin, Ether, and USD Coin in the US. The Italian automaker analysed market demands and dealer requests that resulted in this development. The brand is also looking to engage with a…
Elon Musk’s X has acquired a currency transmitter licence for the microblogging platform in a US state, suggesting that the social networking platform formerly called Twitter could soon support processing payments in crypto as well as fiat currencies. This licence gives a company the right to facilitate custody, transfer, and…
Mastercard will expand its cryptocurrency payment card programme by seeking more partnerships with crypto firms, the company’s head of crypto and blockchain said, even as the sector comes under closer scrutiny from regulators and banks grow wary. Mastercard has already partnered with crypto exchanges including Binance, Nexo and Gemini to…
The Russia-Ukraine conflict, which started in February, still does not quite seem close to any end. In the midst of the ongoing tensions between the two nations, the European Union (EU) has imposed a complete ban on all cross-border crypto transactions directed towards Russia. On the orders of President Vladimir…
Bengaluru, the Silicon Valley of India, is a safe haven for techies and entrepreneurs looking to make it big in their respective industries. One of the biggest hosts to crypto-related firms and projects in India, Bengaluru now has a tea seller, who has begun selling ‘chai’ in return for crypto…
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