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Crypto is already widely used as a currency in the digital asset world, the report said, adding that ether is predominantly needed to buy non-fungible tokens (NFTs). As more brands look to advertise in the metaverse, there could be an increasing need to accept a range of payment methods, including crypto, it said. Source

A European investor takes a picture of a Bitcoin mining facility at the Berlin geothermal plant of La Geo electrical company, where the Salvadoran government installed a Bitcoin mining facility for the use of bitcoin as legal tender, in Alegria, El Salvador November 13, 2021. REUTERS/Jose CabezasRegister now for FREE unlimited access to Reuters.comRegisterLONDON, April…

A Bitcoin and Dollar note are seen in this illustration picture taken September 27, 2017. REUTERS/Dado RuvicRegister now for FREE unlimited access to Reuters.comRegisterNEW YORK, April 14 (Reuters) - When accountant Zach Gordon gets calls from clients about how to handle cryptocurrency on their taxes, there is a common theme.“They have absolutely no idea,” says…

As the crypto world witnesses overwhelming projects traction, it is essential to know that each of those projects needs capital. There are multiple ways to raise funds for business, which have their own pros and cons. The story begins when the first crypto-based applications opened up to provide some use for cryptocurrencies. Then, special investment…

Bitcoin is now a legal currency in El Salvador.Credit: Jose Cabezas/Reuters Money is at a crossroads. A race is on to decide who creates it, who can access it and how, who controls it, and to what degree and how it is regulated. The outcome could decide whether governments have access to all our financial…

Image source: Getty Images Digital asset outflows and declining consumer sentiment could send the crypto market tumbling. Key points It has been a rough start to the year for cryptocurrency investors, with both Bitcoin and Ethereum losing sizable chunks of their values.Falling consumer sentiment is driving digital asset outflows and creating a weaker overall market.…

Crypto Kids may soon have an idyllic tropical island on which to congregate and call their own. A company called Satoshi Island Holdings Limited recently received the green light to develop Satoshi Island, a secluded 800-acre patch of land in the South Pacific named after the pseudonymous Bitcoin founder. Seven specific “NFT zones,” or neighborhoods,…

Jenkins isn’t some greenhorn fresh to the world of money and crime. In fact, if anyone shouldn’t have been duped in a scam, it’s him — a 57-year-old retired cop from outside Atlantic City, who prides himself on his law enforcement wiles. He even used to direct security at a casino, his eagle eyes spotting…

Mayor Eric Adams has compared the rise of cryptocurrency to the life-cycle of the Amazon rainforest.“When you look at the floor of the rainforest, you see the death of the trees, the vines, and others that become fertilizers for the new growth that takes place,” he said in an interview with Gothamist. “The fear people…

Kyrgyz Kyrgyz Member of Parliament (MP) Karim Khanjeza called for the legalization of cryptocurrency in the country during a parliamentary committee meeting on law and order and combating corruption.During his speech, MP Khanjeza advocated for developing a legal framework for the crypto market and suggested amendments to the draft law to incorporate virtual assets. He…