Crypto News — Mass Adoption

In this week’s cryptocurrency round-up, there is a lot going on. First, India is still trying to figure out what to do with cryptocurrency, and an overall ban on the sector is looking more and more probable. The CFO of Binance also has some words for Facebook and the way that it seems to be thinking about crypto, and is more than skeptical.

Gene Simmons, one of the most famous rockers in the world, and also an author/entrepreneur - is a fan of Bitcoin, and not afraid to tell this to well-known cryptocurrency influencers. In an especially interesting bit of news, John Mcafee claims to hae had a conversation with Satoshi Nakomoto himself.

In this week’s cryptocurrency round-up, we have some good news in the form of a Canadian town accepting cryptocurrency as a form of property tax payments. While this might not be an immense catalyst for mass adoption, it is undoubtedly a step in the right direction. However, there is some bad news for South Korean cryptocurrency exchange Bithumb, which claims that it has lost millions as the result of an inside job. As if that wasn’t enough bad news for cryptocurrency exchanges, Gatecoin is being liquidated. In addition, a Staten Island man is facing a significant amount of prison time for defrauding investors and stealing from them while claiming that he could make a considerable return on their investment, and he did this from his home, and through social media networks Facebook and Twitter. Additionally, Japan’s largest railways operator might soon be accepting crypto, and a Russia social media giant might be launching its own cryptocurrency.

In this week’s cryptocurrency weekly round-up: there are several negative stories that are not so inspiring when it comes to cryptocurrency mass adoption. First, it appears as though a Bitcoin ATM has been removed pretty much as soon as it has been installed in Dubai, and Twitch is abandoning cryptocurrency as a payment option. As if that wasn’t enough bad news - many are wondering whether Justin Sun, the founder of TRON, is buying Twitter followers.

This certainly might be the worst week in terms of news in recent memory for the cryptocurrency markets, although some might argue that these are all relatively small and isolated incidents. Mike Novogratz, the CEO of cryptocurrency investment firm Galaxy Digital, believes that Bitcoin can eventually overtake gold, in a more optimistic crypto news story. Odyssey is an annual hackathon that explores the potential of blockchain technology, and it will be taking place shortly, as well. Last but not least, Vietnam will soon be launching its first fully-authorized cryptocurrency exchange, which is great news for Asian crypto enthusiasts.