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Restaurant Makes Historic Adoption of APE for Payment
Restaurant Makes Historic Adoption of APE for Payment

Bored & Hungry became the first restaurant in the world to accept ApeCoin alongside Ethereum. BAYC and MAYC NFT holders received free treats during the restaurant’s opening. Meanwhile, people questioned the practicality of the payment method due to expensive ETH gas fees. Newly-opened Bored & Hungry restaurant has become the first in the world to accept ApeCoin as payment. Located in Long Beach, CA, Bored & Hungry is dubbing itself the first ‘Bored Ape’ restaurant as well. Aside from ApeCoin, Bored & Hungry will also accept Ethereum as a means of payment for its food. In addition, the restaurant has

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Adidas to Launch AI Avatar Creation Platform
Adidas to Launch AI Avatar Creation Platform

Adidas revealed its partnership with Ready Player Me. The collaboration will develop a personality-based AI-generated avatar creation platform. The platform will launch on April 8. The first installment of the avatars will be on April 28. On Tuesday, Adidas announced its partnership with Ready Player Me to develop a personality-based AI-generated avatar creation platform. This is linked to Adidas Originals’ Ozworld shoe collection.  Adidas shared a teaser on Twitter that shows the corporation’s continuous interest in the metaverse and non-fungible token (NFT) collectibles. Ready Player Me is a cross-game avatar platform particularly designed for the metaverse. Currently, over 1,900 games

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Changpeng Zhao: Dodging Sanctions via Crypto Unlikely
Changpeng Zhao: Dodging Sanctions via Crypto Unlikely

Crypto is too traceable, making it not good to be used for dodging sanctions, said Changpeng Zhao. Zhao is against the war, but not against the people. Coinbase CEO said that the exchange will not preemptively ban all Russians from using Coinbase. Binance CEO Changpeng Zhao (CZ) reiterated that Russia cannot use cryptocurrencies to avoid western sanctions.  In a recent interview with Richard Quest, the host of CNN’s Quest Means Business, Zhao said that crypto being too traceable makes it unworthy to be used for dodging sanctions. He mentioned that governments are continuously becoming better at tracing crypto transactions and

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DOGE, SHIB Ranked 1st, 4th Popular Crypto in US
DOGE, SHIB Ranked 1st, 4th Popular Crypto in US

Dogecoin and Shib ranked 1st and 4th in terms of most Google-searched crypto in the US. Bitcoin and Ethereum are only ranked 2nd and 3rd most-searched in the said country.. “This study offers incredible insight into where these investments are coming from across the US,”  Coin Insider spokesperson said. A study claims that Dogecoin (DOGE) is the most google-searched cryptocurrency in the United States, followed by Bitcoin (BTC) and Ethereum (ETH). According Coin Insider, most people from 23 states searched for Dogecoin the most. These include Illinois, Hawaii, New Jersey, and Florida, undoubtedly making it the most popular token in

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UK To Become a Global Cryptoasset Tech Hub
UK To Become a Global Cryptoasset Tech Hub

Stablecoins will have purchase regulation, which enables them to achieve recognition in the UK. The UK government will collaborate with the Royal Mint to create NFT. “The measures we’ve outlined today will help to ensure firms can invest, innovate and scale up in this country,” said UK’s Chancellor of the Exchequer. The United Kingdom government announced on a news blog on Monday the idea of them becoming a global hub for crypto technology and investment. This idea involves moves such as regulating the purchase of stablecoins. Additionally, this will earn them the recognition of a “form of payment” in the

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Off-White Adds Crypto as Payment Across Stores
Off-White Adds Crypto as Payment Across Stores

Off-White now accepts crypto payments in its London, Paris, and Milan flagship stores Berlin-based payments provider Lunu will assist with digital payments and help the fashion brand with prices. The brand joins a wide list of luxury fashion lines accepting crypto payments. According to the news blog of Vogue Business on Thursday, Luxury fashion brand Off-White is now accepting cryptocurrency payments covered by its flagship stores in London, Milan, and Paris. Off-White, which generated around $7 billion in revenue last year, announced that it will now accept leading cryptocurrencies. Specifically, these include BTC, ETH, BNB, XRP, and stablecoins USDT and

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Bitcoin of America, Mayor Suarez Laud Women in Crypto
Bitcoin of America, Mayor Suarez Laud Women in Crypto

Bitcoin of America sent its all-female executive team to the Bitcoin 2022 conference. Mayor Suarez was amazed how Bitcoin of America promotes “women in the cryptocurrency industry.” The company was encouraging women who are getting into the crypto space. Bitcoin of America, a popular virtual currency exchange, is announcing its return to Bitcoin 2022 in Miami. Last year at Bitcoin 2021, Bitcoin of America graced headlines for promoting females in the cryptocurrency space.  The company, which encourages women in the crypto industry, will be back this year and bring even more of its female team, together with its top women

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Miami Mayor Thanks Crypto Adoption, City Sees 200% VC Increase
Miami Mayor Thanks Crypto Adoption, City Sees 200% VC Increase

The Mayor of Miami reveals his success story for making Miami a tech hub.  He says it is partially thanks to embracing cryptos. He is also excited about the 4-day Bitcoin 2022 conference. The Mayor of Miami — Francis Suarez, shares the city’s success story of becoming a tech hub. To highlight, he says it is partially due to the adoption of cryptocurrencies. In detail, he specifies this during an interview.  In particular, the city has seen a 200% increase in its venture capital year-over-year since embracing crypto. According to Suarez’s vision, crypto helped transform the city. In fact, he

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Elon Musk Is Coming After Crypto Spambots on Twitter
Elon Musk Is Coming After Crypto Spambots on Twitter

Crypto fan — Elon Musk, holds 9.2% of Twitter shares.  This makes him the largest Twitter shareholder.  He intends to bring a lot of significant improvements to Twitter. Tech titan and crypto enthusiast — Elon Musk, surprised the internet and the world when he chose to join Twitter’s board of directors. According to Twitter’s filing with the US Securities and Exchange Commission (SEC), Elon Musk now holds a 9.2% stake in Twitter Inc. With his hold on this Twitter stake, Musk is now Twitter’s largest shareholder. This gives the tech lord a huge hold and first say in what direction

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Jamaica to Launch CBDC Jamaica Digital Exchange
Jamaica to Launch CBDC Jamaica Digital Exchange

Bank of Jamaica is set to launch a central bank digital currency named Jamaica Digital Exchange. The institution will perform additional tests this month to its CBDC to guarantee seamless transactions. The CBDC should help Jamaicans who are financially excluded, the Bank of Jamaica’s Governor said. Bank of Jamaica, the central bank of Jamaica, plans to launch a digital version of its national currency. Last February, the institution stated that everything was ready for the release of the product. The CBDC, named Jam-Dex, stands for Jamaica Digital Exchange.  According to a recent interview with the Business Guardian, Natalie Haynes, the

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Indonesia to Tax Crypto at 0.1% Starting May
Indonesia to Tax Crypto at 0.1% Starting May

Indonesia has set income tax on crypto gains and value-added tax on crypto purchases. The director of tax regulations said they will impose the tax on May 1. The country views crypto assets as a commodity. The Indonesian Directorate General of Taxes of the Ministry of Finance decided to tax income (PPh) on capital gains from crypto investments and value-added tax (VAT) on crypto purchases at 0.1%. Hestu Yoga Saksama, director of tax regulations for the Ministry of Finance, also confirmed the decision. The director of tax regulations told CNN Indonesia Friday: “That’s right, 0.1% PPh and 0.1% VAT (for

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JPMorgan Predicts Limited Upside for Crypto Markets
JPMorgan Predicts Limited Upside for Crypto Markets

JPMorgan said the drop of stablecoins’ share in the total crypto market will result in limited upside for crypto prices. According to the bank, the share of stablecoins in the total crypto market has fallen from 7% to 10%. People consider stablecoins as cash on the sidelines for buying cryptocurrencies. Global investment bank JPMorgan Chase & Co. warned through Insider that people could expect further upside in crypto markets to be limited. Their projection came from the relationship of stablecoins and the rest of the crypto market.  JPMorgan recognized the share of stablecoins in the total cryptocurrency market value as

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