How Traditional Exchanges Are Boosting Crypto Adoption
With ETPs, indices and derivatives, exchanges have started meeting demand for regulated crypto products, explains Kaiko's head of research.
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Goldman Sachs’s words have been interpreted as a sign that the cryptocurrency craze may be coming to an end. The analysts at this global banking powerhouse say they don’t see mainstream adoption boosting the crypto industry soon. Unfortunately, that means bad news for those who bought bitcoin or other crypto assets on hope chests full-force optimism about its value increases exponentially over time. Cryptocurrencies are becoming more and more popular as the adoption rate for Bitcoin increases. The strategists tell Bloomberg that correlation has started to occur with other macro....
Payments giant Visa and financial services provider Tala have partnered to boost cryptocurrency adoption in emerging markets. The collaboration aims to “make it easier for underbanked consumers to convert, store, and use cryptocurrencies.” Visa and Tala Boosting Crypto Adoption in Emerging Markets Visa and Tala have formed a new partnership “to help underbanked populations participate in the crypto economy,” Tala announced Wednesday. Tala is “a financial technology company on a mission to enable and accelerate financial health for all,” its website....
Crypto exchanges Coinbase and OKX are closing in on Australia’s self-managed superannuation funds (SMSF), according to a Bloomberg report. The move will enable everyday Australians to add digital assets to their retirement fund and further increase the country’s pension funds’ crypto exposure. With cryptocurrencies getting more mainstream, this could be a huge plus in boosting […]
The US government further expanded its venture into DeFi by publishing its economic data on-chain via a partnership with Pyth and Chainlink oracles. This signals growing adoption of blockchain technology and another step towards the continued evolution of the crypto market. At the same time, as crypto becomes mainstream and network demands soar, the development […]
Dogecoin has been steadily rallying, increasing nearly 20% to about $0.25, after a large purchase from CleanCore Solutions. The industry giant added over 500M DOGE (worth $125M) to its holdings, boosting the token’s use and helping establish it as a reserve asset. In other news, there is growing excitement about the launch of the ETF, the first U.S. exchange-traded fund for Dogecoin. The launch, expected around next Thursday, would enable traditional investors to buy DOGE indirectly. Traders anticipate that the launch will push Dogecoin’s price toward $0.30. The launch of the....