There was a time when Bitcoin seemed to be directly influenced by the daily news cycle.
The cryptocurrency adoption rate is hard to research because of the private nature of cryptocurrencies. Still, there are some things that can be established about what may be slowing down cryptocurrency adoption. As a lot of blockchain platforms have stated, cryptocurrency awareness and education are not yet high enough to lead more people into the industry. Some people don’t even know what cryptocurrencies are, some lack the information about what it may be used for and some see no benefits of it at all. But people well-educated in cryptocurrency do have their own doubts about it, as cryptocurrencies have shown a lack of stability. Cryptocurrency investments and its use as a payment tool is associated with risks. There are also some government events that slow down cryptocurrency adoption, with governmental restrictions on the use of cryptocurrency for businesses and financial institutes.
Despite facing hot-and-cold rules, growing crypto usage in sub-Saharan Africa is forcing regulators to reconsider the industry.1671
Crypto isn’t inherently good in just its development and proliferation; the community must address the reasons causing financial exclusion.2046
Amid the pandemic, blockchain is alleviating the pressure in China’s petrochemical trade.5389
Ripple continues its effort to bring financial inclusion to struggling markets.4996
Russian Premier League soccer champion Zenit St. Petersburg is the latest high-profile club to enter the blockchain gaming world.2428
The CEO of Twitter and Square has urged Bitcoiners to join the fight to end the Special Anti-Robbery Squad (SARS) in Nigeria4506
The information in the report appears to confirm what many in the industry already believed to be true.4909
Bitcoin may have solidified a price base due to big player purchases.2263
Grayscale’s $5.1 billion in Bitcoin under management is fast being challenged by firms including CoinShares and MicroStrategy.6579
Tether’s USDT stablecoin dominates crypto market volumes but data shows its $15.7B market cap does not negatively impact Bitcoin’s volume.12381
A PwC report estimates that blockchain technology will make up 1.4% of the global economy.6973
Multi-platinum record producer buys Bitcoin, is welcomed into the club by Pomp.4643
The government is great at setting up regulatory frameworks, not building products, says Currency Comptroller Brian Brooks7764
The booming DeFi sector is driving up MetaMask’s user base, with the popular Ethereum wallet report now reporting more than one million active monthly users8995