Spanish telecommunications giant Telefonica has connected cryptocurrency payments

Cryptocurrency News

The largest telecommunications company in Spain, Telefonica, has entered into an agreement with the local exchange Bit2Me, under which the Tu.com marketplace will be able to make payments in cryptocurrencies. Tu.com focuses on the sale of high-tech products such as smartphones, tablets, laptops and electric scooters. Now site users will be able to pay for purchases using digital assets. Telefonica also invested in the largest Spanish exchange Bit2Me, but the amount of investments has not…

CFTC plans to tighten controls on retail crypto investors

Cryptocurrency News

Commissioner for the U.S. Commodity Futures Trading Commission (CFTC) Caroline Pham has proposed the creation of a unit to oversee investments in cryptocurrencies by individuals. According to Caroline Pham, the “Retail Legal Department” will be able to implement and expand the Commission’s aspirations for greater oversight of the cryptocurrency markets. Areas of the financial system that are beyond the control of supervisory authorities, such as the “shadow” crypto industry, also need to be regulated. Pham…

Greece ranked sixth in the number of installed crypto ATMs in the EU

Cryptocurrency News

Despite the low awareness of citizens about cryptocurrency and blockchain, Greece ranked sixth in terms of the number of installed crypto ATMs in the EU – now 64 devices are located in the country. Basically, cryptomats are concentrated in the capital of Greece, Athens and the second largest city of Thessaloniki. Greek ATM operator BCash has also placed several of its devices on the country’s popular islands of Mykonos, Santorini and Crete. Director and co-founder…

Chinese University Launches Metaverse Engineering Department

Cryptocurrency News

Nanjing University of Information Science and Technology in Jiangsu Province has renamed its Department of Information Engineering to “Metaverse Engineering Department”. The dean of the renamed faculty, Pan Zhigeng, said the move will identify business needs and train metaverse experts for companies in the field. According to Zhigeng, the metaverse is now an integration of a wide range of technologies and applications, such as the Internet of Things, blockchain, artificial intelligence, and smart healthcare. Metaverse…

Charles Hoskinson: The Financial Innovation Act will open the way for “big bulls” to the crypto market

Cryptocurrency News

The founder of Cardano said that the proposed US financial innovation law will allow leading cryptocurrencies to rise above all-time highs. Cardano developer Charles Hoskinson believes that if the bill gets the green light from the US government, then institutional investors will be able to invest huge amounts in cryptocurrency markets. This will help mitigate certain regulatory risks associated with investing in cryptocurrencies: “Since joining the crypto space, I have been through seven bear markets…

Opera integrates Elrond blockchain services into its crypto browser

Cryptocurrency News

Opera Software has announced that it plans to integrate Elrond’s blockchain services into its Opera Crypto Browser. The integration will allow 300 million Web3 browser users to directly access a set of decentralized applications (dApps) and other services through a wallet built into the browser. Elrond (EGLD) is a scalable blockchain network focused on dApps services, enterprise infrastructure, and the new internet economy. The developers call Elrond one of the fastest ecosystems currently. Opera users…

Colorado residents allowed to pay taxes with cryptocurrencies

Cryptocurrency News

The governor of the US state of Colorado confirmed that local residents have the opportunity to pay taxes and state fees using cryptocurrencies. This idea was first proposed by Jared Polis in May 2021. At the beginning of the year, the governor promised that Colorado residents would be able to pay taxes in cryptocurrencies from the summer, but it took more time to implement the initiative. When using digital currencies to settle with the tax…

EurocoinPay and Mastercard to launch cryptocurrency debit cards

Cryptocurrency News

Spanish licensed trading platform EurocoinPay has teamed up with international payment service Mastercard to issue a cryptocurrency debit card. According to Mastercard CEO Michael Miebach, the card will help EurocoinPay users make purchases in more than 90 million stores worldwide. EurocoinPay believes that the decision is a step towards making cryptocurrencies useful for customers in any situation. EurocoinPay CEO Herminio Fernandez de Blas announced that an intermediate product such as a debit card is needed…

Avichal Garg: “NFT will open the world of cryptocurrencies to billions of people”

Cryptocurrency News

The CEO and co-founder of Electric Capital, a self-described “collectible token enthusiast,” believes NFTs will bring billions of people into the crypto industry. According to Avichal Garg, NFTs, unlike any other tokens and cryptocurrencies, can be used in any activity. For example, in art, music or games. The businessman is especially positive about the use of collection tokens in game projects. “I can imagine that NFTs will attract many billions of people, because they have…

Mike McGlone: ​​Bitcoin will reach $100,000 in three years

Cryptocurrency News

A senior commodities analyst at Bloomberg’s analytics arm said that adoption and demand for bitcoin is on the rise. Mike McGlone is convinced that every market signal indicates that the value of bitcoin is growing. The expert compared the current fall in cryptocurrency quotes with the fall of the NASDAQ index in 2002 and subsequent stable growth over a long period of time. The analyst argues that Bitcoin will benefit from a “new chapter in…