Mercado Libre (MELI) has joined the league of traditional companies that now accept crypto payments. MELI is the largest online marketplace in Latin America. Its move to accept digital assets such as Bitcoin is an endorsement of the validity of cryptocurrencies. It could usher in a new wave of mainstream
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The ecommerce industry is one of the few sectors unscathed by the ravaging coronavirus pandemic. A significant shift in consumer culture and the growing appeal of online shopping have had a positive global impact so much so that cross-border ecommerce surged by 82% in 2020. What this means is that
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Existing passive income models are inherently flawed. For one, they cannot maintain financial viability since most ecosystems solely rely on transaction fees to sustain operations. This lack of real economic activity and the sole reliance on financial transactions typically result in stagnation, negative growth over time, and ultimately, the end
Nassim Taleb, the author of “Black Swan,” has taken to Twitter to lash out on Bitcoin. According to him, Bitcoin is not “a hedge against anything.” Taleb is not convinced by the influx of institutional investors or the growing narrative that Bitcoin is a possible hedge against inflation. The Black
Germany’s Federal Financial Supervisory Authority (BaFin) has expressed its displeasure over Binance’s issuance of stock tokens. In a translated version of a Wednesday notice, the agency said that it has “reasonable grounds” to suspect that Binance violated the country’s securities laws in its recent stock tokens offering.
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MocktailSwap Finance, an AMM protocol incorporating multi-strategy yield optimizing features, has launched Mocktail (MOK), the first ERC-1155 standard semi-fungible token to run on the Binance Smart Chain (BSC). ERC-1155 standard tokens can act as if they are ERC-20 or ERC-721 tokens or both at the same time and under the
Turkish officials are not releasing their grip on cryptocurrency restrictions. Following a ban on cryptocurrencies as a payment option for goods and services in mid-April, it appears the Turkish central bank (CBRT) is making moves to become a Bitcoin custodian. Two Turkish exchanges (Thodex and Vebiton) recently shut down. In
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For years now, artists of all kinds — be they photographers, musicians, sculptors, online content creators, or others — struggled to gain exposure and support their work. The market is extremely competitive, and there are massive entry barriers for anyone who wishes to show their work and receive appreciation and funding. For
In a bid to attract developers to its enterprise NFT (eNFT) ecosystem, VeChain has launched a $1 million grant program. The initiative aims to drive the mass adoption of NTF projects created on the VeChainThor blockchain. To build such an ecosystem, we need as many applications and projects as we
Bitcoin miners are having a field day as the daily average revenue rises to $57 million. According to data from Crypto Parrot, a cryptocurrency trading simulator platform, the daily average profits for Bitcoin mining activities stood at $57 million between March 27 and April 26, 2021. Cumulatively, miners have generated
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The search for an ultimate blockchain solution that’s scalable and user-friendly stops right with Fantom ($FTM). Fantom is an all-inclusive platform that boasts high performance and efficiency. It isn’t just another network that only looks good on the surface, but one with powers that extend all the way
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Following the ongoing growth and success of decentralized finance, newcomers need to make an impact on the industry. Since launching in April, EQIFI has successfully garnered attention. Unlike other projects and protocols, this project is in partnership with a fully licensed and regulated digital bank. In recent weeks, the EQIFI
More than 5,000 residents on an island that forms a part of St. Vincent and the Grenadines can now use Bitcoin as a payment option. According to a Euronews report, residents and visitors of Bequia Island will be able to pay for goods and services using Bitcoin. The new
Nexon, a Japanese gaming giant, has purchased $100 million worth of Bitcoin at an average price of $58,226. According to an announcement published on Wednesday, the firm bought a total of 1,717 Bitcoins. The $100 million investment in the leading cryptocurrency represents less than 2% of Nexon’s
The number of users on Ethereum’s decentralized finance (DeFi) ecosystem has grown to over 2 million users. According to a chart shared by Dune Analytics, there has been a sharp increase in activity on Ethereum-based protocols within the last two months. The number of unique Ethereum addresses on DeFi
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Leading cryptocurrency exchange Binance is set to launch its NFT trading platform in June. In addition to offering a standard trading market that allows users to mint tokens, the new platform will become a marketplace for high-end auctions. The new marketplace will bring together artists, creators and crypto enthusiasts from