Author: Fintech Advisor

“More than 70% of the adult population of El Salvador does not have a bank account,” reads the latest Global Research report from Bank of America. “For that reason, democratizing access to electronic payments, through Bitcoin, has a progressive touch.” Bank of America, one of the nation’s largest financial institutions based on total assets, believes El Salvador could have a lot to gain with its latest foray into Bitcoin (BTC). In a report published last week, analysts at the bank said El Salvador’s decision to recognize BTC as legal tender could streamline remittances, promote financial digitization, provide consumers with greater…

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The new hires will help PayPal expand its crypto-focused business offering at a time of rapid adoption of Bitcoin and Ether. Global payments provider PayPal is in the process of recruiting for several cryptocurrency-related positions at its Ireland offices, further highlighting the company’s ambitions in the rapidly growing digital asset market. The Dublin-based Irish Independent reported Sunday that PayPal is looking to fill various crypto-focused roles in compliance, anti-money laundering and business development for its Dublin and Dundalk offices. Related: PayPal set to launch crypto trading in the UK and may embrace DeFi PayPal launched a dedicated crypto and blockchain business…

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Since mining bitcoin became big business, no nation has been bigger in the mining game than China. With access to cheap electricity and resources, wealthy Chinese conglomerates moved into the mining scene and wrested control over the industry. Last year, calculations estimating the composition of the global mining picture revealed that 75% of the world’s bitcoin mining was happening in China. That figure is astronomical, especially considering how the bitcoin blockchain operates. Mining is what keeps the network alive, verifying transactions and minting new coins in the process. New coins are minted as rewards for miners who ensure that transactions…

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Ethereum price might be bullish in the short term but there are a handful of factors that could keep the price pinned in its current range. Ether (ETH) price has been in a downward spiral ever since the Ethereum co-founder Vitalik Buterin presented at the StartmeupHK Festival 2021. In a fireside chat session on May 27, Vitalik stated that several internal team conflicts caused the Proof-of-Stake migration to delay its launch. As reported by Cointelegraph, ‘Phase One,’ which introduces scalability through sharding, has been postponed to 2022. Furthermore, DeFi’s inherently decentralized nature might not be entirely beneficial because the sharding-style…

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Today Cardano announced progress on the Alonzo update, the latest step to enable smart contracts on the Cardano blockchain and bring its new decentralized applications (dApps) to life. Earlier today on #Cardano360 we shared an update on #AlonzoWhite progress. TLDR #Alonzo rollout on track! More users & increasing functionality. Lots still to do but team & community working closely together to keep it rolling forward!#Cardano Full video: https://t.co/letiAPI8I8 pic.twitter.com/wqYdhiXGtA — Input Output (@InputOutputHK) July 29, 2021 “Earlier today on Cardano360 we shared an update on Alonzo White progress. TLDR Alonzo rollout on track! More users & increasing functionality. Lots still…

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