Adoption Financial News

09.01 / 14:29

Adoption Digital Bitcoin Russians Set to ‘Turn to Crypto En Masse’

A Russian professor has claimed that “mass” crypto adoption is on its way in the country – with interest in digital versions of the Chinese yuan and the ruble also spiking.

09.01 / 14:29

cryptocurrency Adoption Financial Hong Kong’s Financial Secretary Doubles Down on Crypto Hub Positioning Despite Crypto Winter

Paul Chan, Hong Kong's Financial Secretary, said that, despite the ongoing market downturn, the city would continue to work toward becoming a major crypto hub, attracting businesses from across the world.

09.01 / 12:57

Adoption Lightning Network ATM Bitcoin Less than 100 Bitcoin ATMs added worldwide in the second half of 2022: Data

While Bitcoin (BTC) ATMs were an afterthought to Satoshi Nakamoto’s vision of sound money, they are now considered one of the main pillars of Bitcoin’s mainstream adoption. However, the global Bitcoin ATM network, which used to add thousands of machines each month in 2021, recorded a net addition of just 94 Bitcoin ATMs over the past six months since July 2022.

09.01 / 00:45

CBDC Adoption Central Bank Mexico's digital peso delayed, unclear launch date

Mexico's central bank digital currency (CBDC) development is still in an initial phase, and it is unlikely to be ready for launch by 2024.

08.01 / 09:11

business Adoption Sport FTX Ferrari cuts ties with crypto sponsor ahead of 2023 Formula One season

Scuderia Ferrari, the racing division of luxury carmaker Ferrari, joined the growing list of Formula One racing teams to end partnerships with their cryptocurrency sponsors. Ferrari exited its multi-year partnership deals with Velas Blockchain and chip manufacturing giant Snapdragon, resulting in a cumulative $55 million loss for the Italian team ahead of the 2023 season.

07.01 / 18:07

business Blockchain Adoption Using blockchain technology to combat retail theft

The retail industry is one of the most important sectors of the United States economy. Unfortunately, the COVID-19 pandemic has left the trillion-dollar retail sector vulnerable to in-store theft.

07.01 / 17:27

Technology Adoption Gaming Immutable OpenAI will lead to better art and narration in Web3 games — Immutable exec

The creation of smart contracts and Web3 interfaces has led to an entirely new play-to-earn or nonfungible token (NFT) genre of video games. But during the 2021 crypto bull market and subsequent crash of 2022, many of the games in this niche went through incredible ups and downs in terms of player count and transaction volume.

07.01 / 11:19

business Adoption Report Survey Metaverse to possibly create $5T in value by 2030: McKinsey report

While the 2022 bear market grazed off the excitement around the budding crypto sub-ecosystems such as nonfungible tokens (NFTs), the Metaverse remains well-positioned for long-term disruption. Considering the myriad consumer and business-centric use cases the metaverse could cater to, a McKinsey & Company report highlights the technology’s potential to generate up to $5 trillion in value by 2030.

06.01 / 23:45

Government Technology Adoption Bitcoin Strategy El Salvador’s Bitcoin strategy evolved with the bear market in 2022

Cryptocurrency adoption has been on the rise in El Salvador in recent years, with the country becoming the first in the world to adopt Bitcoin (BTC) as a legal tender. This landmark decision has attracted the attention of the global cryptocurrency community and has sparked discussions on the potential benefits and challenges of widespread adoption.

06.01 / 19:13

business Blockchain Adoption Future AIM services Crypto Companies Crypto companies aim to build trust within future products and services

The cryptocurrency ecosystem underwent a turbulent year in 2022. Criticism inside and outside of the crypto industry was fueled following the collapse of FTX, Celsius, Three Arrows Capital and the Terra ecosystem.

06.01 / 16:27

Blockchain Ethereum Adoption identity NFT Steez NFT Steez and Lukso co-founder examine the implications of digital self-sovereignty in Web3

Sovereign identity has been a hot topic in blockchain and cryptocurrency, especially with the rise of the creator economy. Currently, there are two types of digital identities. One is federated and centralized whereby data is in the control of the service provider. Self-sovereign digital identity is often cited as a human right that can reclaim agency using blockchain technology, but what frameworks exist that aid in governing it?

06.01 / 13:41

Adoption Energy Bitcoin 1.5M houses could be powered by the energy Texas miners returned

During the winter storm in Texas in December 2022, Bitcoin (BTC) mining operators returned up to 1,500 megawatts of energy to the distressed local grid. It became possible due to the flexibility of mining operations and the ancillary services, provided by the state authorities.

06.01 / 09:49

business Adoption Venture Capital Rocky 2023 could be a rocky year for crypto venture investments: Galaxy Research

Last year was a big one for crypto venture capital despite multiple high-profile meltdowns and the FUD (fear, uncertainty, and doubt) tsunami that followed. However, the funds may not flow as easily this year, a crypto researcher warns.

06.01 / 07:59

Adoption Trading exchanges Wash trading will cause crypto’s next implosion: Mark Cuban

Crypto token wash trading on centralized exchanges will be the cause of the next crypto “implosion,” according to billionaire Dallas Mavericks owner and crypto investor Mark Cuban.

05.01 / 20:13

business Blockchain Adoption Fashion Redeeming physical NFTs: Easier said than done?

Despite the crypto winter, nonfungible tokens (NFTs) continue to draw interest. This has become apparent as many brands and retailers have started to offer digital NFTs attached to physical products. Known as “phygitals,” these offerings allow real-world products to be tied to digital NFTs.

05.01 / 18:33

Adoption Investments Trading Banks What is institutional DeFi and how can banks benefit?

Financial services institutions and banks have increasingly engaged with Web3 since 2020. This is also true within institutional decentralized finance (DeFi), as several potential use cases have emerged that could trigger a new wave of innovation within these organizations.

05.01 / 16:43

Blockchain Adoption wallet Podcast Future MyEtherWallet CEO talks about the future of crypto self-custody

In the third episode of Hashing It Out podcast series, Cointelegraph’s Elisha Owusu Akyaw discusses the future of noncustodial cryptocurrency wallets with Kosala Hemachandra, CEO of MyEtherWallet.

05.01 / 12:03

business CBDC Adoption Bank of England Bank of England answers professionals' questions about upcoming CBDC wallet

Companies that applied to win over the $244,000 contract to develop a central bank digital currency (CBDC) wallet proof of concept (PoC) for the Bank of England (BOE) provided questions about the project. In response, the central bank published its answers to over 70 questions.

04.01 / 21:47

business Blockchain Adoption network MEXC Support MEXC launches $20M ecosystem fund to support Sei Network

According to a blog post published on Jan. 4, Singapore-based cryptocurrency exchange MEXC announced that it would allocate $20 million to support developments on Sei Network. A layer one blockchain designed for trading, Sei Network's stated features include native order matching, frontrunning protection, smart block propagation, and 600 milisecond on-chain trade settlement. Leo Zhao, investment manager of MEXC Ventures, commented:

04.01 / 19:09

business Adoption Sport DAO AIM Web3 Projects Web3 projects aim to create engagement between fans and sports leagues

The multi-billion-dollar sports industry is undergoing a digital transformation and Web3 elements are likely to play a major role. This notion was highlighted in Deloitte’s “2022 Sports Industry Outlook” report, which predicts an acceleration in the blending of real and digital worlds, along with growing markets for nonfungible tokens (NFTs) and immersive technologies.

04.01 / 18:27

Adoption Bitcoin inclusion Financial Here’s how Bitcoin promotes global financial inclusion, according to Prince Philip of Serbia

The fundamental aspects of Bitcoin (BTC) continue to power global financial inclusion, financial privacy and autonomy in conflict-affected nations despite difficult macroeconomic and cryptocurrency market conditions over the past year.

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