Crypto

Scalability has become more pressing as the crypto sector experiences increased customer demand. As a result, many of us have come across terms like “layer one” and “layer two” protocols in the blockchain world. Blockchains must be very secure due to the need for a centralized authority. They must also be incredibly scalable to cope with growing users and transactions. Today we will learn more about layer three solutions, a technology aiming to provide scalability while maintaining top-notch security. A…

Brazil’s Senate’s Economic Affairs Committee (CAE) has released an official report stating that it has approved a bill endorsing the regulation of BTC and crypto markets across the South American nation. What does the Bill Entail? With this move, Brazil is steadily on the road to adopting cryptocurrency on a wider scale. The bill paves the way for residents of Brazil to invest in Bitcoin and other digital assets. It also facilitates their use in everyday transactions.  Effective regulation is…

Fears of account closure have pushed Canadian bank customers to withdraw account holdings and secure their funds in cash and other means. Cryptocurrencies remain a form of escape for Canadians who are not only funding protests with crypto but saving in them as well. In reaction to recent moves from the Canadian government, residents have opted to protect their finances by withdrawing existing bank balances. It began a week ago when the prime minister of Canada Justin Trudeau invoked the…

Bitcoin and other virtual assets are now legal in Ukraine, following a recent passing of votes within the Ukrainian parliament. The draft bill which has now been passed on second reading was initially vetoed by the President in September. President Zelensky cited at the time that it was impractical to create a fresh regulatory body to exclusively oversee Bitcoin or other crypto assets.  The bill was returned to the parliament, which would make adjustments based on Zelensky’s recommendations. Six months…

The state of Colorado is ready to accept tax payments made in crypto by Summer, 2022. At least three other US states are considering passing similar legislation.  According to the governor's announcement, the state will allow Colorado dwellers to pay tax equivalents in crypto, while a buffer converts it to United States Dollars.  The state's governor, Jared Polis, gave an interview to CNBC on Tuesday. He said the government is working on the acceptance of taxes in the form of…

Coinbase Super Bowl ad got a lot of attention, so much so that it crashed their site. The crypto exchange created an unconventional ad for the Super Bowl time slot when viewership is at an all-time high. Their ad, however, featured just a logo that bounced across a black screen. In the nearly 60 seconds the ad lasted, the logo changed to a QR code. The ad, which cost an estimated $14 million, did not explain the QR code. Naturally, this…

Uber is looking into enabling crypto payments and will "absolutely" allow them - at some point. However, that may not happen until transaction costs and environmental impact drop. Uber's CEO Dara Khosrowshahi said that the company could "definitely" accept cryptos like Bitcoin at some point in the future. In an interview with Bloomberg tech, the CEO revealed that the ridesharing company discusses crypto payments within the app. However, that won't happen until crypto payments become less expensive and lower their…

DeFi, or decentralized finance tokens, continue to be the center of attention in the crypto realm. As a result, many individuals have started to make the most out of DeFi coins. After all, DeFi coins make it possible to address outdated issues in the financial sector. The truth is that DeFi coins have had consistent demand, and this trend continues to head in an upward direction. But once you’re interested in investing in decentralized finance, choosing the “right” DeFi token…

Eric Adams – Mayor of New York City – is undoubtedly bullish on crypto. Yet when it comes to crypto mining, he appears to be towing the party line. In a joint session on Wednesday, the newly elected Democrat said he doesn’t support cryptocurrency mining. Though environmentalists appear pleased with his remarks, they may damage the mayor’s campaign to attract the crypto industry to NYC. ‘Crypto’, Not ‘Mining’ According to the New York Post, the mayor has chosen to side…