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XRP Acceptance Reaches 40 Million Locations in 180 Countries

Adoption: Uquid Users can now use XRP to pay for Electricity,...

Ponvang Bulus - April 10, 2019

Coinbase CEO Brian Armstrong: Crypto Needs These 3 Things For Proper Mass Adoption

Coinbase CEO Brian Armstrong: Crypto Needs These 3 Things For Proper...

Nick James - April 6, 2019

Why Crypto Adoption will Take Time: the Case of Blockchain Wallet Stellar Airdrop

Why Crypto Adoption will Take Time: the Case of Blockchain Wallet...

Ponvang Bulus - April 3, 2019

Massive Adoption: Wikipedia Now Accepts Bitcoin Cash (BCH) Donations From Users

Massive Adoption: Wikipedia Now Accepts Bitcoin Cash (BCH) Donations From Users

Jide Idowu - January 30, 2019

Bakkt says its Mission is to “bring digital assets into the mainstream” Bakkt, the cryptocurrency ecosystem created by Intercontinental Exchange (ICE) is primarily meant to facilitate mainstream adoption, according an update on the Bakkt Twitter page. This according to the update will be achieved by enabling transaction efficiency between consumers and merchants. The cryptocurrency platform launch which was scheduled for January 24 has been postponed due to legal and regulatory reasons. Prior to the recent postponement, the launch had been postponed twice last year, the last schedule being for December 12 2018. Majorly, the delay of the launch is due to the US Government shutdown which failed. Since the launch must be approved by the Commodity Futures Trading Commission (CFTC), it cannot go on until the government systems are back in shape. The launch has been postponed to April 2019 although no precise date has been given. A chinese billionaire by the name of Li had invested in the project in anticipation of the launch, completing the projects first funding round. By the end of 2018, Bakkt had raised up to $180 million. Apart from Li, Bakkt also vrough in institutional investors such as Boston Consulting Group, Microsoft’s venture capital arm M12 and Naspers’ fintech firm. Confirming this, Bakkt CEO Kelly Leoffler said: “Clearing firms and customers have continued to join us as we work toward CFTC approval. We made great progress in December, and we’ll continue to onboard customers as we await the ‘green light’.” The incessant postponements are of concern not just to the cryptocurrency industry but also to ICE as Bakkt was supposed to launch as a new territory for ICE at a time when a formidable competitor, the new exchange MEMX is coming into the futures market, largely to overturn ICE. For the cryptocurrency industry, Bakkt is supposed to encourage mainstream adoption which is expected to drive institutional investors to the industry. With the postponement however, the industry will have to wait until the government gives its approval. The cryptocurrency market had started improving just few days ago but with the recent postponement, there is another dip that just started today. Among the top ten cryptocurrencies, only EOS is in green at the time of writing this article. Bakkt launch will certainly promote the cryptocurrency industry as it also intends to “build the first integrated, institutional grade exchange-traded markets and custody solution for physical delivery of digital assets”, as tweeted earlier today. Will the delay worsen the market condition before it is finally done?

Bakkt says its Mission is to “Bring Digital Assets into the...

Ponvang Bulus - January 16, 2019

NASA Plans to Boost Data Security With Blockchain Technology

NASA Plans to Boost Data Security With Blockchain Technology

Judith Riseshine - January 14, 2019

Two Reasons why VanEck Bitcoin ETF Will be Successful in Feb 2019

Two Reasons why VanEck Bitcoin ETF Will be Successful in Feb...

Livine Sanchez - December 9, 2018

Ethereum Enjoys high Adoption in Chile and Philippines

Ethereum Enjoys high Adoption in Chile and Philippines

Ponvang Bulus - December 2, 2018

Some Bitcoin For The Bride: This Chinese Man Is Taking Cryptos To The Next Level

Some Bitcoin For The Bride: This Chinese Man Is Taking Cryptos...

Nick James - November 29, 2018

Coinbase Plans to Bring Institutions Into Crypto As it Raises $300 Million To Boost The Crypto Adoption Campaign

Coinbase Plans to Bring Institutions Into Crypto As it Raises $300...

Nick James - October 30, 2018

Ceo of Tesla and SpaceX, Elon Musk has once again left the twitter world in speculation ever since his anime picture tweet with a female wearing a Bitcoin tagged dress that preceded a “want to buy some Bitcoin?” tweet. Cryptocurrency users are currently in a frenzy and have since been clamoring for Musk to be the first car maker to accept Bitcoin. Replying to Elon's tweet, Binance's CEO Changpeng Zhao makes a remarkable proposal “Lol, it’s spreading” he says, “I will buy a Tesla if you accept crypto…I typed BNB first but switched it out. Let’s grow the industry.” Memes with CZ and Elon Musk have since been pouring in, one of which has Zhao and Elon in a Tesla car in space, with CZ, asking “Elon, when will Bitcoin moon?”. Crypto investor Tommy Mustache tweeted; “Elon, please consider accepting Bitcoins to buy a Tesla soon. Millions of crypto fans from around the world would love this option. You are always at the forefront of technology and progressive, so please be the first big car maker to accept Bitcoin.” In agreement to the tweet, users are even speculating that the “when Lambo” tradition of crypto investor cashing out to purchase a Lamborghini will be knocked out and replaced with users purchasing Tesla with Bitcoins, resulting in a Tesla sale increase. Elon Musk's involvement in cryptocurrency has eagerly been anticipated by users and investors alike. In fact, last week, it was rumored that Elon Musk's Boring Company was accepting payment for his $500 flamethrower in BTC, Ether, LTC, and BCH. Prior to the event, Elon teased that he “wanted Ether, even if it is a scam”. Although Musk has partnered with Jackson Palmer, the founder of Dogecoin to tackle cryptocurrency scam bots, it may be difficult to get him fully involved in cryptocurrency, considering his recent involvement with the SEC after being fined a whopping $20 million for allegedly misleading investors after his tweet on “taking Tesla private on a secure funding at $420”. Upon settlement, Musk revealed on Twitter in a reply to a curious user, saying the fine was “worth it”.

"Please Be The First Car Maker To Accept Bitcoin" More Twitter...

Adrian Klent - October 28, 2018

Will Bitcoin become a widely used Currency? Here are both sides of the argument:

Will Bitcoin become a widely used Currency? Here are both sides...

Stephen Brown - October 22, 2018

Limited use cases and Scalability Issues are the Hindrance to Mass Adoption Of Cryptocurrency - Vinny Lingham

Limited use cases and Scalability Issues are the Hindrance to Mass...

Ponvang Bulus - October 19, 2018

Cryptokitties may be a Good way to Boost Blockchain Adoption

Cryptokitties may be a Good way to Boost Blockchain Adoption

Ponvang Bulus - October 10, 2018

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