Adoption Financial News

08.12 / 09:51

CBDC Adoption Central Bank wholesale Spain’s central bank to experiment with wholesale CBDCs

Spain’s central bank, the Bank of Spain (BDE) said it intends to launch an experimental program to begin testing wholesale Central Bank Digital Currencies (CDBCs) and is seeking collaboration proposals from local finance and technology institutions.

08.12 / 09:35

business Blockchain Adoption Australian Australian CBDC receives unexpected interest but could hurt banks: RBA

A Central Bank Digital Currency (CBDC) pilot program in Australia has received more than 140 use case proposals from the finance industry, but the Reserve Bank of Australia (RBA) warns that it could displace the Australian dollar and result in people avoiding commercial banks entirely.

08.12 / 06:39

business Adoption Court class action Class action against Kim K, Mayweather over EMAX dismissed… for now

A federal judge in California has dismissed a class action lawsuit against reality TV star Kim Kardashian, boxing champ Floyd Mayweather and the founders of EthereumMax, explaining that the submissions failed to meet the “heightened pleading standards” for fraud claims.

07.12 / 23:11

Blockchain Adoption Investments Binance US eliminates trading fees for Ethereum

Binance US has announced that it has expanded its “zero fee price model” to Ether (ETH) effective immediately.

07.12 / 16:39

business Adoption goldman sachs Survey Institutional investors still eye crypto despite the FTX collapse

The negative effects caused by the FTX debacle have put the crypto space in an unfavorable light. However, institutional investors continued to show interest in the industry even at the height of the FTX controversy.

07.12 / 12:45

business Adoption Liquidity Funding Gate.io pledges $100M to revive crypto and rebuild investor confidence

In a move to tone down the negative impacts of a bear market and ecosystem collapses, crypto exchange Gate.io launched an industry liquidity support fund with an initial commitment of $100 million.

07.12 / 09:23

Adoption freeze Iran set to freeze bank accounts of women who refuse to wear a hijab

A member of the Iranian parliament has told local media the government plans to impose new punishments on women who do not wear a hijab in public, with individuals who refuse to comply after two warnings possibly having their bank accounts frozen.

07.12 / 06:11

Adoption Central Bank ATM Withdrawals week Nigeria bans ATM cash withdrawals over $225 a week to force use of CBDC

Nigeria has drastically reduced the amount of cash individuals and businesses can withdraw as it attempts to push its “cash-less Nigeria” policy and increase the use of the eNaira — Nigeria’s Central Bank Digital Currency (CBDC).

07.12 / 01:13

Government Law Adoption Cryptocurrency has become a playground for fraudsters

News involving crypto and fraud is ubiquitous in the white-collar crime sphere and, perhaps more worryingly, these fraudulent activities in the crypto sector are not limited to a single type of crime.

06.12 / 21:33

Blockchain Adoption wallet Web3 needs a user-friendly approach to self-custody crypto wallets — Here’s why

Once just a technical term within the crypto ecosystem, self-custody quickly took the main stage when FTX, a multi-billion crypto empire, went down in flames. The prolonged bear market, combined with bankruptcy announcements from once-prominent crypto exchanges, triggered a spike in crypto ownership awareness.

06.12 / 17:21

Stablecoin CBDC Adoption Central Bank The impact of CBDCs on stablecoins with Bitget's Gracy Chen

For over 14 years, central banks worldwide have seen blockchain technology deliver highly secure, immutable, verifiable and transparent financial ecosystems, starting with the Bitcoin network. Central bank digital currencies (CBDCs) stood out as one of the ways for fiat currency to harness a part of what cryptocurrencies achieve today.

06.12 / 10:45

business Adoption Scams YouTube Metallica issues crypto scam alert before the 72 Seasons album launch

It’s quite evident that bad actors have left no stone unturned as legendary metal band Metallica warned fans against crypto giveaway scams right before their highly anticipated launch of its new album, 72 Seasons.

06.12 / 09:41

Technology Twitter Adoption chatbot Crypto Twitter uses new AI chatbot to make trading bots, blogs and even songs

The crypto community appears to be having a ball with ChatGPT, a recently launched Artificial Intelligence (AI) chatbot created by research company OpenAI — using it for a multitude of applications including a trading bot, a crypto blog, and even an original song.

05.12 / 17:51

Government Law Adoption regulatory Brazilian crypto industry gets regulatory clarity amid global uncertainty

As the global crypto community is still licking its wounds from the FTX collapse, a liquidity crisis continues to spread around centralized exchanges and decentralized finance (DeFi) alike.

05.12 / 15:47

Adoption regulation HashKey Seba Bank SEBA Bank partners with HashKey for institutional crypto adoption

With the crypto winter slowing down developments within the space, two digital asset-focused firms will work together to speed up digital asset adoption for institutions.

05.12 / 11:51

Blockchain Law Adoption Asia Pakistan launches new laws to expedite CBDC launch by 2025

Regulators worldwide see central bank digital currencies (CBDCs) as a way to enhance fiat capabilities by inheriting the financial prowess of technologies that power cryptocurrencies. Pakistan joined this list by announcing new regulations to ensure the launch of an in-house CBDC by 2025.

04.12 / 19:55

business Adoption Bitcoin Bullish on Bitcoin, US Senator Ted Cruz wants Texas to be a crypto oasis

United States Senator Ted Cruz wants to make the American state of Texas an oasis for Bitcoin (BTC) and cryptocurrencies. Speaking at the Texas Blockchain Summit 2022 in late November, the politician empathized how the crypto industry can be strategic for the U.S. energy supply and technological development.

04.12 / 19:05

Government Adoption SEC Regulators face public ire after FTX collapse, experts call for coordination

2022 is nearing an end and might go down as one of the most eventful years for the crypto industry owing to the prolonged winter that had wiped more than 70% of the market cap from the top and the barrage of crypto firms imploding. This was mainly due to internal mismanagement and unchecked decision-making process.

04.12 / 15:21

business Adoption Trading Liquidity Bybit announces second round of layoffs in 2022 to survive bear market

Yes, the bear market weeds out the bad actor, but it also forces the existing players to rethink their business strategies to offset resultant losses. In this effort, crypto exchange Bybit announced mass layoffs for the second time in 2022.

04.12 / 09:35

Adoption Mining Bitcoin Miner Mysterious Bitcoin miner shows off oldest signature dated Jan. 2009

Online forums are integral to the Bitcoin origin story, where Satoshi Nakamoto and early contributors collaborated to discuss and create a disruptive financial system from scratch. One of the oldest Bitcoin forums — bitcointalk.org — still preserves historical discussions around creating the Bitcoin (BTC) logo and the payment system.

03.12 / 22:47

Adoption Amazon Walmart Bitcoin How to buy food with Bitcoin?

Bitcoin (BTC) is a dynamic monetary asset with the potential of being both — a commodity and a currency. For instance, the Securities and Exchange Commission (SEC) classified BTC as a commodity, whereas El Salvador made Bitcoin a legal tender in 2021.

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