Day: March 18, 2022

14% of Salvadoran businesses have transacted in BTC: Chamber of Commerce

Businesses in El Salvador have been slow to adopt Bitcoin (BTC) ever since the country famously recognized the digital asset as legal tender in September 2021, according to a recent survey by the Salvadoran Chamber of Commerce.  Of the 337 companies polled between Jan. 15 and Feb. 9, only 14% said they had transacted in BTC since the Bitcoin Law came into effect. Over 90% of the companies indicated that Bitcoin adoption in the country had little impact on their sales. Seventy-one percent of the companies polled were micro or…

New Report From Dacxi Finds Lack of Crypto Education Stops Over 57% of People From Investing – Press release Bitcoin News

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press release PRESS RELEASE. Dacxi, the world’s leading Crypto Wealth Platform, released a comprehensive report titled ‘The State of Crypto Education 2022’. Based on the results of an extensive survey, the report points to the severe lack of appropriate crypto education for everyday people and its impact on their willingness to engage in the market. The report includes data surveyed from 2,000 Australians and 3,000 Britons. Almost 62% of the respondents were male, and 78.7% were over 45. Throughout the survey, several trends emerged. One was the changing attitudes to…

Three layer-1 protocols see inflows amid choppy, volatile market conditions

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Layer-1 (L1) protocols are the foundation of the decentralized application ecosystem, with the Ethereum network dominating the landscape in terms of the number of protocols launched on-chain and total value locked (TVL), followed by BNB Chain and Fantom.  As the sideways market of 2022 drags on and serious projects use the time away from the frenzy of bull markets to work on development, several L1 protocols have been outperforming the field and making gains despite weakness in the wider crypto market. Here’s a look at three L1 protocols that are…

30% TAX on MINING CRYPTO | Time to buy some GPUs [HINDI]

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Binance tells regulators it will cease operations in Ontario… for real this time

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Binance confirmed in an undertaking to the Ontario Securities Commission, or OSC, in Canada dated March 16 that the crypto exchange will cease activities involving Ontario residents. Binance will also stop opening new Ontario accounts and provide fee waivers and fee reimbursements to certain Ontario users under the administration of a third party, the company said.  The undertaking appears to mark the end of a disagreement that started in June, when Binance announced that it would no longer service Ontario accounts and customers were advised to close out active positions…

Cardano (ADA) Attains 9th Position in Market Valuation During Ecosystem Inflows

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With a market valuation of $28.68 billion, Cardano (ADA) has claimed the 9th position in cryptocurrency market capitalization, surpassing Avalanche (AVAX). Despite recent inflows into its ecosystem, the coin beat Avalanche’s $22.28 billion to attain the title of 9th largest coin. As the value of Cardano’s ecosystem has skyrocketed, so too have funds flowing into it. From roughly $1.7 million in mid-January to a present-day total value locked (TVL) up at just under $315 million – or a 18420% increase. The Cardano team has entered the third phase of its…

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Bank of Russia Allows Sberbank to Issue Digital Financial Assets – Finance Bitcoin News

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Sberbank, Russia’s largest bank, has been authorized by the country’s monetary policy regulator to issue digital financial assets. The move comes amid tightening Western sanctions over the war in Ukraine, including limiting Moscow’s access to the global financial market. Sberbank Added to Central Bank’s Register of Crypto Asset Issuers The Central Bank of Russia (CBR) has added Sberbank, the country’s leading banking institution, to its register of information system operators permitted to issue digital financial assets (DFAs). The term is used to describe various types of cryptocurrencies in the country’s…

Without Robots, DAOs Will Never Progress Beyond Their Current Level

Ultimately, the goal of a DAO is to function without human hierarchical management. With AI DAOs, a community of human participants would choose AI agents to represent them in the decision-making process, eliminating human bias. The AI agents would then work together autonomously to make the best decisions about creating their own products and services, selling them and transferring the profits to human participants. Source