Adoption Financial News

06.11 / 10:43

business Adoption Web3 Metaverse Dubai Metaverse projects failed on lack of correct business model: MetaMinds CEO

The metaverse may no longer have mainstream appeal to some global tech leaders compared to two years ago. However, weaknesses in the testing of the various investments and initiatives in the emerging technology may have resulted in some of them failing.

06.11 / 10:43

Adoption regulation security Tokens Futures Hong Kong regulator issues tokenized investments requirements amid demand

The Securities and Futures Commission (SFC) of Hong Kong laid down the business requirements for offering tokenized securities and other investment products in a circular released Nov. 2.

06.11 / 08:37

Adoption ETF Banks DZ Bank, third-largest German bank, to start crypto custody for institutional investors

DZ Bank AG, the third largest bank in Germany by asset size, has launched its own digital assets custody platform built on blockchain. According to an announcement published on Nov. 2, the platform will work with institutional clients, offering them crypto securities, such as the crypto bond from Siemens, which DZ Bank had subscribed to six months ago.

06.11 / 02:13

business Adoption Mining cryptocurrency investment Bankruptcy Bitcoin Luxor refutes claims its Bitcoin hashrate-backed product is BlockFi, Celsius 2.0

An upcoming Bitcoin (BTC) hashrate-backed product that could offer 10% to 13% returns shouldn’t be compared to failed products by BlockFi or Celsius as its returns come from proof-of-work, not “ponzi schemes,” claims the product’s creator Bitcoin mining firm Luxor Technology.

05.11 / 07:07

business Adoption ChatGPT OpenAI elon Elon Musk launches AI chatbot 'Grok’ — says it can outperform ChatGPT

Elon Musk and his artificial intelligence startup xAI have released “Grok” — an AI chatbot which can supposedly outperform OpenAI’s first iteration of ChatGPT in several academic tests.

03.11 / 19:33

Adoption Federal Reserve Media Bitcoin Bitcoin Magazine claims Fed accused it of trademark violation for t-shirts

The United States Federal Reserve has sent a cease-and-desist letter to crypto media publication Bitcoin Magazine, accusing it of trademark violations, according to a Nov. 3 post from the publication. Bitcoin Magazine claims it is being targeted because of its use of the word “FedNow” on “t-shirts, hats, and other wearables.” FedNow is the trademarked name of the Federal Reserve’s instant payment system.

03.11 / 15:51

Blockchain Ethereum Adoption NFT Mining Bitcoin NOT Today in Crypto: ‘End of NFT Winter is Not Yet Visible’, Tattoos Come With Digital Twins, NEAR Partners with Berklee College of Music

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________

03.11 / 15:01

Blockchain Adoption Payments solana Mainstream Mobile Payments Boba Guys, Shopify users showcase adoption of Web3 tools — Solana Breakpoint

Web3 tools powered by layer-1 blockchain Solana are driving tangible returns and delivering deep customer data insights, according to prominent mainstream brands and companies that attended Solana Breakpoint.

03.11 / 14:41

business Technology Adoption Payments Trading Web3 Decentralization Help or hindrance: Is Web3 really improving mainstream industry and products?

Web3 has been gaining ground in mainstream industries with the rise of Web3 business models based around nonfungible tokens (NFTs), blockchain technology and crypto. But it’s still an open question whether it’s actually improving mainstream industry and products.

03.11 / 10:11

Adoption Fraud crypto experts 5 nations challenge crypto experts and investigators to target tax crimes

The Joint Chiefs of Global Tax Enforcement (J5), a global anti-tax fraud group, hosted investigators, cryptocurrency experts and data scientists in “The Cyber Challenge” event to track down individuals and organizations committing tax fraud.

03.11 / 08:35

CBDC Adoption Ripple Tokens Digital Asset Ripple to power Georgia’s central bank digital currency, the digital Lari

The National Bank of Georgia (NBG) has selected Ripple Labs Inc., a leading blockchain payments platform, as the official technology partner for developing Digital Lari, their central bank digital currency (CBDC) project.

03.11 / 07:39

business Adoption NFT Metaverse Individual creators will ultimately shape the metaverse: Sandbox founders

Individual creators and brands will ultimately determine the future of the metaverse as opposed to any centralized entity, according to the co-founders of The Sandbox.

02.11 / 23:49

business Adoption Trading coinbase income Q3 fall Crypto trading volumes Coinbase narrows loss while crypto trading volumes fall in Q3

Cryptocurrency exchange Coinbase narrowed its net loss to $2 million in the third quarter, as notched a year-on-year increase in revenue despite lower trading volumes.

02.11 / 17:57

Blockchain Adoption NFT Web3 Gaming Non-fungible tokens Decentralization zkEVM Games Backed by Disney, Alibaba, Google, Square Enix Will Build on Immutable zkEVM, ‘Blockchain Gaming to Become Synonymous with Gaming’

Three new upcoming games from Australia and Asia-based teams have committed to building on Zero-Knowledge (ZK) proof-based scaling rollup Immutable zkEVM.

02.11 / 14:07

Adoption Payments regulation Bitcoin Payments remittances Mobile Payments Crypto remittances offer cheaper alternative, but still face challenges to adoption

As the cryptocurrency market moves sideways and amid a deepening stablecoin exodus, the sector remains a vital lifeline for many sending money to loved ones while dodging extremely high fees that can be life-changing over time.

02.11 / 14:07

Adoption Bitcoin Wallet Bitcoin Bitcoin Wallets 3 Satoshi-era Bitcoin wallets transfer $230M in BTC after 6-year dormancy

Three Satoshi-era Bitcoin (BTC) whale addresses that have been dormant since November 2017 transferred 6,500 BTC, worth roughly $230 million, on Nov. 2. Satoshi-era BTC refers to the very early stages of the Bitcoin network when it was still relatively unknown.

02.11 / 10:47

Blockchain cryptocurrency Adoption Sport Adidas MoonPay Adidas and Bugatti Collaborate on Limited-Edition Soccer Shoes with Digital Twins

Luxury carmaker Bugatti and shoe giant Adidas have partnered to auction a limited-edition football shoe, which will come with a digital twin.

02.11 / 08:15

Adoption regulation Cybersecurity Cybercrime investigation UK seeks six crypto investigators to beef up National Crime Agency

Reacting to the rising attempts by bad actors to dupe crypto investors, the United Kingdom’s National Crime Agency (NCA) plans to form a specialized cryptocurrency and digital assets team to counter the issue.

02.11 / 06:05

business Adoption ETF Investments Bitcoin spot ETF Spot ETF-induced Bitcoin rally isn’t guaranteed to stick: Analysts

While the approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) will likely spike the price of Bitcoin, some analysts are concerned it won’t be enough to fully thaw the markets from its winter chill.

02.11 / 06:05

Ethereum Adoption NFT Bitcoin elon Elon Musk slams NFTs but ends up arguing the case for Bitcoin Ordinals

While publicly mocking non-fungible token (NFTs) during a podcast, Tesla CEO and billionaire Elon Musk appears to have inadvertently highlighted the case for Bitcoin Ordinals, also known as Bitcoin NFTs.

02.11 / 01:35

Adoption country Number of Russian Crypto Transactions ‘Has Tripled in 2023,’ Says Kremlin

The Kremlin believes the number of crypto transactions conducted in Russia has risen by three times in 2023, with transfer volumes “doubling.”

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