Adoption Financial News

13.01 / 22:07

Blockchain Technology Adoption Social Media Decentralized social media a game changer for creator monetization: Web3 exec

Talk of decentralized social media platforms continue to gain significant traction, with users becoming increasingly concerned with the centralized nature of traditional platforms and the potential for censorship. Even the former CEO of Twitter, Jack Dorsey has publicly pushed for a decentralized Twitter alternative.

13.01 / 17:31

business Law Adoption Trust is key to crypto exchange sustainability — CoinDCX CEO Sumit Gupta

Investor sentiment has always been a critical driver in the crypto space. Both positive and negative sentiment influence ongoing trends — be they price movements, product launches or regulations. In 2022, sentiment worldwide suffered as major crypto firms and ecosystems collapsed, further straining investors amid an unforgiving bear market.

13.01 / 12:59

business Adoption VISA Europe Huobi and Solaris crypto-to-fiat debit card launches in the EU

As the crypto space continues to expand into the mainstream, bridging the gap between digital currencies and fiat currency is a priority for many legacy financial institutions.

13.01 / 12:33

Blockchain Art Adoption Web3 can help artists and companies manage music metadata: B2B music exec

The music industry has not shied away from its keenness on adopting Web3 solutions. From nonfungible tokens (NFTs) helping artists connect with their communities to blockchain being used for various use cases including event ticketing.

13.01 / 08:41

business Blockchain Adoption Cardano Cardano ecosystem set to expand with custom-built sidechains

Input Output Global (IOG) — the team behind the Cardano ecosystem — will release a software toolkit in late Jan. 2023 that will enable developers to deploy custom-built sidechains on Cardano aimed at improving the ecosystem.

12.01 / 20:15

Government Law Adoption crypto legislation Congress may be ‘ungovernable,’ but US could see crypto legislation in 2023

The United States House of Representatives finally elected a speaker last week, concluding a four-day, 15-ballot ordeal that left many wondering if political gridlock was now the new normal in the U.S., and if so, what the consequences would be.

12.01 / 16:09

Adoption defi Podcast NOT ‘FTX was not crypto’ — DeFi Dad sets the record straight

In the fourth episode of Hashing It Out podcast series, Cointelegraph’s Elisha Owusu Akyaw discusses the evolution of decentralized finance (DeFi) with DeFi Dad, a DeFi educator and investor at Fourth Revolution Capital (4RC).

12.01 / 13:51

Adoption regulation Central Bank enaira Nigeria revisits its payments landscape amid sluggish eNaira adoption

Nigeria’s central bank will explore the adoption of blockchain technology to power a central bank digital currency (CBDC), the potential of stablecoin adoption and regulatory considerations of initial coin offerings (ICOs) over the next two years.

12.01 / 05:23

Adoption Bitfinex Backed El Salvador passes landmark crypto bill, paving way for Bitcoin-backed bonds

El Salvador has passed landmark legislation providing the legal framework for a Bitcoin-backed bond — known as the “Volcano Bond” — which will be used to pay down sovereign debt and fund the construction of its proposed “Bitcoin City”.

11.01 / 17:17

Blockchain Adoption Investments Abu Dhabi-based Venom Foundation launches $1B fund for Web3 and blockchain

Abu Dhabi-based blockchain platform Venom Foundation and investment manager Iceberg Capital announced they will allocate $1 billion of funding to Web3 and blockchain firms through a new partnership.

11.01 / 11:43

Adoption data Bitcoin network Bitcoin nodes data: Frankfurt houses the largest city-wide network

While the United States holds the biggest share in Bitcoin (BTC) hash rate contribution and ATM network, the city hosting the most number of reachable Bitcoin nodes — the biggest pillar of the Bitcoin system — is Frankfurt, Germany.

11.01 / 09:11

Ethereum Adoption defi layer2 transaction volume Optimism and Arbitrum flip Ethereum in combined transaction volume

Ethereum Layer-2 (L2) on-chain activity has been increasing to the extent that the leading two networks now process more transaction volume than the Ethereum network.

10.01 / 19:57

business Technology Adoption Job Remote work could redefine the global workforce for good

As the global economy continues to reel from the devastation caused by the COVID-19 pandemic, there is increasing data suggesting that more and more people are now favoring a remote work-based lifestyle. In this regard, a survey sample of working United States citizens shows that Millennial and Generation Z workers prefer joining a remote workforce and decentralized autonomous organizations (DAOs) as opposed to going to an office.

10.01 / 15:07

business Adoption Ripple TradFi Ripple exec expects more crypto acquisitions by TradFi in 2023

The cryptocurrency industry will see increased consolidation in 2023 as healthier companies acquire more crypto and blockchain companies, according to a senior executive at Ripple.

10.01 / 14:31

Stablecoin Adoption ICO Framework Nigeria to create the stablecoins and ICOs legal framework

As one of the world’s pioneers in adopting its own central bank digital currency (CBDC), Nigeria declares its readiness to accept the existence of private stablecoins as well. The necessity to create a legal framework for stablecoins is marked in the latest central bank strategy paper.

10.01 / 05:07

Adoption Central Bank settlement Russia to begin work on CBDC settlement system in Q1 as sanctions endure: Report

Russia’s central bank is reportedly set to begin developing a cross-border settlement system using its Central Bank Digital Currency (CBDC) amid ongoing sanctions in response to its invasion of Ukraine.

09.01 / 22:49

Adoption Cybersecurity security Bitcoin safe analyst How to keep your crypto safe in 2023: a few tips from an analyst

There is no excuse for not putting a few hours of research into how to properly custody your crypto, according to lead on-chain analyst James Check. Joining the latest debate around self-custody, the analyst pushed back against the notion that managing private keys is too complicated and risky for the average crypto user.

09.01 / 22:49

Law Adoption The ‘Elon Effect’ shows how opinion leaders shape the FinTech market

The power that influencers have in affecting public perception and therefore causing alterations in the value of a product, service, asset or currency has increased to the point where they can crash or uplift entire markets with their content and takes.

09.01 / 20:09

business Adoption coinbase Kraken Crypto layoffs mount as exchanges continue to be ravaged by the prevailing bear market

There’s no denying that the crypto market has been gripped by immense bearish pressure over the past year, as made evident by the fact that the total capitalization of this sector has continued to hover below the $900 billion mark for most of the year after having scaled up to an all-time high of $3 trillion in 2021.

09.01 / 20:09

Adoption regulation Bitcoin Bitcoin Price Belgian MP receives Bitcoin salary for a year: Here’s what he learned

At the end of January 2022, member of the Belgian parliament Christophe De Beukelaer became the first European politician to convert his salary to Bitcoin (BTC). Celebrating the anniversary of this experiment, Cointelegraph reached out to a lawmaker to know more about his experience.

09.01 / 17:05

business Adoption Banks exits New York-based bank exits crypto after tumultuous year

The last year proved to be another turbulent year for the crypto industry. From a lasting market downturn and exploits in decentralized finance (DeFi) to the FTX scandal, no area was left unscathed.

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