World crypto adoption

Africa: UN Trade Body Calls for Halting Cryptocurrency Rise in Developing Countries

In three policy briefs released on, UNCTAD, the UN agency for trade and development, urged action to prevent the use of cryptocurrencies in developing countries. Private digital currencies have benefited certain people and organizations. The hazards they represent to monetary system security, domestic resource mobilization, and financial stability outweigh whatever benefits they may have for…

World crypto adoption

Cryptocurrencies are gaining ground across Africa. That’s both good news and bad

In emerging nations like those in Africa, cryptocurrencies have gained popularity. According to a policy brief recently published by UNCTAD, a United Nations organization. Significant segments of the populations of South Africa (7.1%), Kenya (8.5%), and Nigeria (6.3%) use these digital currencies. The Central African Republic recognized bitcoin as legal tender in June. Why Is…

Presearch launches its search engine on the blockchain officially

In late 2020, Presearch launched its ‘testnet’. Tomorrow, Presearch shifts to ‘mainnet’ with 3.8 million registered users. The project features a search portal, Presearch.com, in addition to mobile applications for Google Play and iPhone, where your searches are private and you earn PRE cryptocurrency for making them. Snap Inc has just cautioned that Q2 earnings…

NFT

Crypto, blockchain set to take sports industry beyond NFT collectibles

Bitcoin (BTC) has been accredited as the leading blockchain use case, portraying the prowess of the technology in successfully delivering a true and immutable decentralized ledger over the past 13years. Adding to the years of innovations since then – that saw the introduction of non-fungible tokens (NFTs), altcoins, decentralized finance (DeFi), and more, a research…

Meta trademark anticipates for cryptocurrency payments platform

Meta, social media giant Facebook’s parent company, is hinting to launch a payments platform with support for crypto. As per records, Meta filed 5 applications for its namesake to be utilized in a platform named Meta Pay. The filings included Meta’s name for use in an ‘online social networking service for investors enabling financial exchange…

Opera cryptocurrency browser extends support for decentralized apps and Binance blockchain

Opera has declared the integration of Binance Blockchain (BNB) in its cryptocurrency browser. Users will be able to purchase BNB cryptocurrency token with fiat and receive and send it using the built-in Opera cryptocurrency wallet, and access decentralized applications (DApps) including famous decentralized exchanges (DEX) such as 1inch, PancakeSwap, and BiSwap and innovative decentralized finance…

GST council ponders imposing 28% tax on Bitcoin and other cryptos

In what could mar the mood of the cryptocurrency investors in India, the goods and services tax (GST) Council is expected to mull imposing a 28% tax on cryptos. The proposal is anticipated to be tabled in the upcoming GST Council meeting. As per reports the 28% GST will be in addition to the 30%…