The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...
Tag: usage
Survey Shows Crypto Usage in the Middle East on the Rise
Crypto adoption in the Middle East is gaining pace with the United Arab Emirates third only to Indonesia and Brazil in terms of ownership. And in Israel half of all crypto owners are women. Gemini Exc...
The State Of Washington Has Passed A Law Aimed At Increasing Cryptocurrency Usage In The Area
New York state is one of the most important crypto mining locations in the United States, accounting for 19.9% of the country’s overall Bitcoin hash rate. Because of its cheap electricity and qu...
IMF States Sanctions Against Russia Might Dampen USD’s Supremacy and Increase Crypto Usage – crypto.news
The unprecedented financial sanctions against Russia, which froze most of Russia’s overseas assets, threaten to reduce the dollar’s dominance with time, as per IMF. The US and its allies slapped Russi...
Thailand Bans Crypto Usage for Payments: Report
Thailand continues with its rather controversial relationship with the cryptocurrency industry by implementing a ban on using such assets as a means of payment. The nation warned that they could threa...
Argentina’s government would ‘discourage’ crypto usage under proposed IMF deal
Argentina’s government has signaled it will discourage the use of cryptocurrencies as part of a proposed, nearly $45 billion debt restructuring deal with the International Monetary Fund (IMF), leaving...
G7 intensifies measures against Russia while Japan sanctions against crypto usage
G7 countries decided to strengthen their sanctions against Russia Japan announced that it is sanctioning Russian crypto IP’s The penalties vary from up to three years in prison or 1 million yen The w...
Russian sanction tightening: G7 intensifies measures and Japan sanctions against crypto usage
The world applied heavy sanctions against Russia in response to its invasion of Ukraine, and the Russian economy had taken a hit. However, the world leaders seem to think it is not enough. G7 ganging ...
Ethereum and AAVE Smart Contract Usage Spikes by 100%
Arman Shirinyan Usage of DeFi-related network surges after departure of well-known developers from industry Contents Why is smart contract usage important? Ethereum, AAVE and YFI usage is surging Ethe...
Sanction evasion could increase cryptocurrency usage
Cryptocurrency usage could spike in the midst of the current sanctions against Russia Coinbase has supported the government’s efforts with national security in mind Unlawful aggression could be avoid...
Solana DApp Usage At Critical Low Levels, Causing Worry For Investors As Terra Accelerates ⋆ ZyCrypto
Advertisement     Solana usage and deposits are on a decline. Interest in the network’s NFT ecosystem remains strong. Solana is down about 13% in the last 7 days. Sola...
DraftKings Wrapped Up Its Investor Day. These Are the Main Takeaways.
Text size Scott Eisen/Getty Images for DraftKings DraftKings is on its way to achieving a path to profitability as it works to increase gross margins and reduce spending on customer acquisition, the c...
Shiba Inu Smart Contract Usage Increases by 600% as Cryptocurrency Market Recovers
Arman Shirinyan Shiba Inu’s usage as smart contract spikes by more than 600% Shiba Inu usage among whale addresses has increased by more than 600% in the last 24 hours, while the crypto market f...
Exchange Of Cryptocurrencies To Encourage Token Usage, FTX Is Developing A Gaming Division
They’re launching FTX Gaming because They think games are a fascinating use case for crypto, an FTX spokeswoman said in an email to Bloomberg. There are more than 2 billion gamers worldwide who have p...
Blockchain Usage in the Retail Market Expected to Increase 12-Fold, Hitting $2.08B by 2028
Blockchain technology is expected to continue streamlining the retail market, given that its usage is anticipated to increase 12-times to reach $2.082 billion by 2028 from $172.22 million recorded in ...
PBOC Reveals Central Bank Digital Currency Usage at Beijing Winter Olympics — 2 Million Digital Yuan per Day – Bitcoin News
The People’s Bank of China (PBOC), the Chinese central bank, has revealed how its central bank digital currency (CBDC) is being used at the Beijing Winter Olympics. A top PBOC official says, “It seems...
US Lawmakers Press Bitcoin Mining Firms on Energy Usage, Carbon Emissions, Climate Crisis – Coinotizia
Eight U.S. lawmakers, including Senator Elizabeth Warren, have sent letters to top U.S.-based bitcoin mining firms questioning them about their crypto mining operations. “The extraordinarily high ener...
PayPal stock sinks after earnings as inflation, spending pressures weigh on outlook
PayPal Holdings Inc. largely matched expectations for its holiday quarter but shares plunged late Tuesday after the company delivered an earnings forecast that came up shy of expectations. Shares were...
US Lawmakers Press Bitcoin Mining Firms on Energy Usage, Carbon Emissions, Climate Crisis – Mining Bitcoin News
Eight U.S. lawmakers, including Senator Elizabeth Warren, have sent letters to top U.S.-based bitcoin mining firms questioning them about their crypto mining operations. “The extraordinarily high ener...
Usage Of Crypto In Crime Very Low Compared To Fiat, Admits Europol ⋆ ZyCrypto
Advertisement     The number of cases involving the use of cryptocurrencies in funding terrorism and money laundering crimes is actually countable globally. The value ...
Visa Partners With Over 65 Crypto Platforms — Crypto-Linked Card Usage Soars Despite Price Volatility – Featured Bitcoin News
Visa has now partnered with more than 65 crypto platforms and exchanges. In addition, the payments giant revealed that crypto-linked card usage exceeded $2.5 billion in the first fiscal quarter, “whic...
Solana-based dApps Soar in Usage as Network Recovers
Decentralized applications (dApps) built on the Solana network have recently witnessed a massive surge in daily transactions, with the Pyth oracle network hitting over $37 million daily transactions. ...
Crypto Credit Card Usage Reaches $2.5 Billion in Q1: Visa
In an earnings call on Thursday, Visa stated that its customers made $2.5 billion in payments using its crypto-linked cards during the first fiscal quarter of 2022. That’s over 70% of all crypto-card ...
Visa says crypto-linked card usage hit $2.5 billion in its first quarter
Coinbase launched its own debit card in an effort to promote the use of cryptocurrencies in payments as well as investing. Coinbase Visa said during its recent earnings call that customers made $2.5 b...
Islamic Organization In Indonesia Issues New Decrees Against Cryptocurrencies That Could Shape Usage In The Country ⋆ ZyCrypto
Advertisement     Cryptocurrencies have been declared haram by the Tarjih Council and the Central Executive Tajdid of Muhammadiyah. The Islamic group claimed that cryp...
Proof-of-Work Ban Proposed by EU Finance Regulator to Curb Energy Usage
One of the EU’s top financial regulators has proposed banning the proof-of-work method of cryptocurrency mining, even as miners have switched to utilizing renewable resources. Given that proof-of-work...
Chainalysis Report Claims Criminal Usage Of Cryptocurrency Will Decrease In 2022
The crypto market saw a huge rise in the year 2021. Along with legitimate use, it’s also used for many illegitimate purposes. But now, according to a recent report by data analytics firm Chainalysis, ...