Crypto News Cast For October 27th 2021 ?

Senator Rand Paul’s interest in cryptocurrencies continues to grow as seen in his interview with Axios, while noting that the government currencies are so unreliable. Then, Paul goes on to ask whether cryptocurrency could become the reserve currency of the world, seeing that people and top game players are losing confidence in the government. Paul’s campaign in the 2016 presidential run was remarkable for accepting Bitcoin donations at the time.Read Full on Decrypt.

– Coinbase CEO In Recent Tweet Shows Support For Ripple Amid Lawsuit

Coinbase CEO Brian Armstrong has shown massive support for Ripple recently in its lawsuit with the U.S. The Securities and Exchange Commission, as seen in Armstrong’s recent tweets saying how the case is seemingly going better than expected. Also, CEO Brian Armstrong goes on to state that the attacks launched against the crypto industry are hurting investors and then described it as “politically unpopular.”Read Full on Twitter.

– About 11,000 Entities Are Responsible For 55% Volume On The Bitcoin Network

Study by the National Bureau of Economic Research (NBER) in Oct reveals that about 11,000 entities are responsible for more than half(55%) of Bitcoin’s on-chain volume, where cryptocurrency exchanges were estimated to account for three-quarters of on-chain volume. Also, The report shows how the top 1,000 largest investors control about 3 million BTC (15.9% of circulating Bitcoin) then, 9,000-largest investors have about 2 million BTC combined. Read Full on cointelegraph.

– Tesla Reveals Considerations To Resume Support For Crypto Payments

Tesla, the electric vehicle manufacturer owned by Dogecoin supporter Elon Musk has revealed considerations to resume accepting crypto payment in the company, it was revealed during its September quarterly filing with the U.S. SEC, stating it may restart transacting in cryptocurrencies. Also, The company goes on to expresses its long-term belief in crypto assets, calling it a store of value and means of payment. Read Full on cointelegraph.

– FRIETSHOP Wetteren Restaurant In Belgium Now Accepts XRP Payments

XRP adoption continues to grow despite its lawsuit with the U.S Securities and Exchange Commission, recently a tweet posted on the Twitter handle of the Belgian restaurant FRIETSHOP Wetteren states it will start taking XRP as payment for meals on Monday. The tweet was shared by prominent XRP community member @MackAttackXRP. CoinDesk reported last summer that Paraguay’s Universidad Americana Would accept XRP for payment. Read Full on U.Today.

– The Philippines Consider Using Blockchain Technology For Its Diaspora Remote Voting

Philippines’ Commission on Elections (Comelec) conducted a mock trial on blockchain-enabled voting, where it wants to upgrade its voting technology using blockchain system, thereby improving voter turnout and public trust. Remote voting will come in handy for the Philippines because of its large diaspora known as OFWs or overseas Filipino workers. Only about 1.6 million people out of about 10 million OFWs registered for the 2022 polls. Read Full on Forkast.

– Stellar To Use USDC For Remittances Between Europe And Africa

The Stellar Development Foundation (SDF) announces it will activate a new remittance link between Europe and Africa using the USD Coin (USDC) stablecoin, noting that global payments technology company Flutterwave will use the USD Coin (USDC) stablecoin on the Stellar network to simplify and fasten remittances. Also, Flutterwave will now team up with Stellar’s principal EU payments partner, Paris-based money transfer operator, Tempo Payments. Read Full on cointelegraph.

– Shiba Inu Now Accepted As A Payment Option By Restaurant In Paris

Shiba Inu token holders can now use it for payment in Le Bistrot d’Eleonore et Maxence, a Paris-based restaurant, as the French cuisine now accepts the meme cryptocurrency. This information is according to stickers seen on its doors by locals, this is caused by the recent price up trend where Shiba Inu is now getting the attention of merchant’s adoption. The cozy French bistro is located near St. Francis Xavier Church, a famous Roman Catholic church. Read Full on U.Today.

– American Express CEO Notes That He Considers Crypto As Gold

American Express CEO Stephen Squeri expresses his views on crypto as a gold-like asset class during his appearance on Yahoo!. He claims that cryptocurrency’s volatility will hinder it from succeeding as a means of payment. Also, he goes on to note that crypto holders do not get dispute rights, rewards or the ability to extend credit, saying American Express has no plans to launch its own crypto-credit card. He finally says he views crypto as Gold. Read Full on blockworks.