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The dominance of the United States dollar as a settlement currency in Africa is being challenged by emerging payment methods in financial technology and by native African fiat currencies. In the four years to 2017, fewer people in the continent of 1.2 billion transacted via the US dollar than they did with their local currencies […]
The post US Dollar Losing Dominance as a Means for Settling Transactions in Africa appeared first on Bitcoin News.
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This week Yougov Omnibus released a host of encouraging new survey data, new numbers, and among their findings “48% of millennials would be interested in using cryptocurrency primarily…A vast majority (79%) of Americans are familiar with at least one kind of cryptocurrency.” Also read: Square’s Big Week: Crypto Patent, Shares Leap, and Lightning Plug Some […]
The post Bitcoin’s Hopeful Numbers: 70% Familiar in the United States appeared first on Bitcoin News.
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Cryptocurrencies – Thematic Research, a report recently issued by Global Data, is attempting to smash what it views as myths and huge untruths about the hype surrounding crypto. Among their findings, the company concludes cryptocurrencies are expensive, slow, mostly unspendable, and cannot scale to meet their projected demand. Also read: Troll Slayer: Derek Magill Defends […]
The post Global Data Report: Cryptocurrencies are Expensive, Slow, Unspendable, Cannot Scale appeared first on Bitcoin News.
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St. Louis Federal Reserve President, James Bullard, was recently interviewed at this year’s Consensus conference in New York City. That a top US economic policy maker was in attendance is victory enough; however, he was asked his opinions on cryptocurrency going forward by CNBC Global Markets Reporter Seema Mody. He explained he found the phenomenon […]
The post Federal Reserve Pres: People Want Dollar, Not Volatile Crypto appeared first on Bitcoin News.
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The cryptocurrency based firm Circle announced it has raised $110Mn USD in a Series E fundraising round led by the Chinese firm Bitmain Technologies. Circle now joins Coinbase as one of the most well-funded cryptocurrency companies in the U.S., and the Boston-based firm has announced plans to issue a dollar-backed cryptocurrency called USD-C. Also read: Yahoo! […]
The post Circle Raises $110Mn With Plans to Launch USD-Backed Coin appeared first on Bitcoin News.
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Rarely a week passes when Tether, the company responsible for issuing the USD-pegged cryptocurrency of the same, isn’t in the news. In the last 24 hours, two separate reports into the status of Tether and its USDT tokens have been published, one examining its legal status and the other exploring its blockchain. Meanwhile, Upbit exchange […]
The post New Reports Shine a Spotlight on Tether’s Legal Status appeared first on Bitcoin News.
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Concerned about the US dollar’s predicted drop in value, and many African countries relying on USD cash reserves, vice president of Groupe Nduom, a leading financial holding company, Papa-Wassa Chiefy Nduom, has taken to Linkedin and Twitter to make the case for less reliance on greenbacks and more investment in bitcoin. Also read: Jimmy […]
The post African Holding Company VP Urges Central Bank to Buy Bitcoin and Ditch Dollar appeared first on Bitcoin News.
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