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crypto adoption
Here’s Why Crypto Is Booming in Turkey
At least 8 million people in Turkey are engaged in crypto, according to a 2022 research report by Turkish crypto exchange Paribu. CoinDesk Executive Director of Global Content Emily Parker shares insights into Turkey's crypto adoption and regulation.
Crypto-Friendly Rishi Sunak Named New UK Prime Minister
Rishi Sunak, who shepherded the U.K.’s new crypto ambitions during his time as finance minister, has been chosen to be the country’s next prime minister following Liz Truss’ resignation last week. "The Hash" team discusses what this means for the future of crypto adoption and regulation in the U.K.
Voyager Customers Could Recover Some Funds After FTX Sale; Crypto Adoption Slowed in 2021: Chainalysis
Hodlonaut won a lawsuit against self-proclaimed "Satoshi Nakamoto" Craig Wright on Thursday. Customers of bankrupt crypto lending platform Voyager Digital could recover 72% of their investments if a bid by FTX.US to buy the lender goes through. Crypto adoption slowed since the onset of the bear market this year but still remains above levels seen before 2021, according to Chainalysis.
Crypto Adoption Slowed in Last Year but Remains Above Pre-2021 Levels: Chainalysis Study
Chainalysis' "2022 Geography of Cryptocurrency" report also found that 18 of the 20 countries where crypto adoption was highest were low- to middle-income countries.
Robo-Adviser Betterment Launches Crypto Offering With Customized Portfolios
Betterment, the largest independent robo-adviser, is letting its clients invest in a handful of crypto portfolios for the first time, but recommends limiting crypto exposure to no more than 5% of investable assets. "The Hash" team discusses the latest move bringing retail crypto adoption.
Warner Music Group Continues Web3 Expansion With New Metaverse Job Posting
Music and entertainment conglomerate Warner Music Group (WMG) is continuing to expand its Web3 strategy, evident in its latest job posting for a senior director for metaverse development. "The Hash" group discusses Warner Music's latest Web3 push and the implications for mainstream adoption.
Interest Surges in Bitcoin Speculation; MENA Was Fastest-Growing Crypto Market: Chainalysis
Open interest in bitcoin perpetual swaps has spiked to an all-time high. Plus, the Middle East and North Africa (MENA) region was the fastest-growing market for crypto adoption from July 2021 to June 2022 according to blockchain analytics firm Chainalysis.
Why Indonesia Is Bullish About Crypto Adoption
The Indonesian government is pushing for locally issued crypto tokens to one day join palm oil or coal among the country's major export commodities. CoinDesk’s Emily Parker discusses the current state of crypto adoption in Indonesia.
Bitcoin and Ether Bounce Back Ahead of FOMC Meeting
Bitcoin (BTC) regains $19,000 and ether (ETH) bounces back after sinking 15% post-Merge. Bruno Ramos de Sousa, head of global expansion at Hashdex, shares his market outlook as institutional interests in crypto increase. Plus, the current state of crypto adoption in Latin America and Europe.
EDX Markets CEO: Nasdaq Push Into Crypto ‘Great Development’ for the Market
Financial heavyweights including Charles Schwab (SCHW), Citadel Securities and Fidelity Investments announced the start of cryptocurrency exchange EDX Markets. Jamil Nazarali, former executive at Citadel Securities who will be leading the exchange, joins “First Mover” to discuss Wall Street’s move toward digital assets and the increasing institutional interest in the crypto world.