Adoption Financial News

21.11 / 07:37

Blockchain Adoption Vitalik Buterin offers lessons for crypto in wake of the FTX collapse

Ethereum co-founder Vitalik Buterin has spoken out in the wake of the FTX collapse, offering his thoughts and some positives from one of crypto’s biggest black swan events.

19.11 / 11:59

Adoption Mt. Gox Bitcoin Bitcoin scarcity rises as bad exchanges take 1.2M BTC out of circulation

One of the biggest factors differentiating Bitcoin (BTC) from fiat currency and most cryptocurrencies is the hard limit of 21 million on its total circulating supply. However, the demise of numerous crypto exchanges over the last decade has permanently taken out at least 5.7% (1.2 million BTC) of the total issuable Bitcoin from circulation.

18.11 / 10:11

business Blockchain Adoption kpmg NOT Metaverse ‘explosion’ will be driven by B2B, not retail consumers: KPMG partner

The Australian arm of Big Four accounting firm KPMG could soon be holding executive meetings and closing multi-million dollar deals with clients in the Metaverse, with the firm now exploring how the revolutionary technology can transform its business model.

18.11 / 00:51

Adoption CFTC SEC Congress The CFTC could prevent the next FTX with some congressional help

FTX declared bankruptcy this month with $900 million in assets against $9 billion in liabilities. Its founder and former CEO, Sam Bankman-Fried, is being questioned by police in the Bahamas, and many customers are unable to withdraw their deposits. Its holdings of Serum’s SRM, a token Bankman-Fried developed, dropped from a value of more than $2 billion to less than $100 million. Things got worse over the weekend after FTX was apparently hacked, leading to the loss of an additional several hundred million. Some commentators are already calling it cryptocurrency’s “Lehman moment,” referring to the 2008 collapse of Lehman Brothers that signaled we were in a financial crisis.

17.11 / 22:25

CBDC Adoption Federal Reserve Fed paper looks at theoretical role of remuneration, convenience in CBDC design

The importance of remuneration in the design of a central bank digital currency (CBDC) was emphasized in a paper the United States Federal Reserve Board released Nov. 17. The paper, part of the Fed’s Finance and Economics Discussion Series, reviewed the theoretical literature on CBDCs in large, developed economies, with a particular view to the United States. It looked at the risks and benefits to the banking system of introducing a CBDC, with particular focus on the role of CBDC design in the implementation of monetary policy, and remuneration, that is, payment of interest, as a critical design feature.

17.11 / 18:19

Law Adoption Asia Could Hong Kong really become China’s proxy in crypto?

With its partial autonomy, the island city of Hong Kong has traditionally served as “a gate to China” — the local trade center, backed by transparent English-style common law and an openly pro-business government strategy. Could the harbor, home to seven million inhabitants, inherit this role in relation to the crypto industry, becoming a proxy for mainland China’s experiments with crypto?

17.11 / 18:09

Adoption Binance FTX Bitcoin 'I knew he was desperate' — Binance CEO CZ opens up on SBF relationship

Binance CEO Changpeng ‘CZ’ Zhao knew Sam Bankman-Fried was in a desperate situation when the former CEO of the now-bankrupt FTX exchange called him for a bailout.

17.11 / 17:39

Adoption Court investigation Bitcoin SBF received $1 billion in personal loans from Alameda: FTX bankrupty filing

Former FTX CEO Sam Bankman-Fried received a $1 billion personal loan from one of four silo companies deeply involved in the collapse of the FTX cryptocurrency exchange.

17.11 / 13:53

Adoption Binance wallet coinbase Bitcoin Wallet Binance Pay Trust Wallet launches browser extension, integrates with Binance Pay and Coinbase Pay

Following the collapse of FTX and the bank run on crypto exchanges in general, self-custody Trust Wallet is gaining momentum. In one week, the company launched the long-anticipated browser extension and collaborated with Binance Pay and Coinbase Pay, whose users can now transfer their funds directly to a Trust Wallet account.

17.11 / 12:41

Adoption Sport partnership F1 NFT rides shotgun as Red Bull Racing closes out F1 season

Cryptocurrency and blockchain technology firms continue to feature in the world of Formula 1, with a nonfungible token (NFT) making its mark on Red Bull Racing’s vehicles to close out the 2022 calendar.

17.11 / 12:07

Adoption Bitcoin Bitcoin Price Bukele Nayib Bukele announces Bitcoin prescription for El Salvador: 1 BTC a day

As the world’s first nation to adopt Bitcoin (BTC) as a legal tender in September 2021, El Salvador is going back to its BTC buying days after a pause for months amid bearish market conditions.

16.11 / 18:03

Adoption Binance regulation services Financial Abu Dhabi grants Binance financial services permission, economist hits out

Abu Dhabi’s Global Market (ADGM) and Financial Services Regulatory Authority have granted cryptocurrency exchange Binance clearance to offer its services in the region.

16.11 / 18:03

business Adoption Binance applications crypto apps How are ‘lite’ versions of crypto apps helping adoption?

Companies become industry giants when they provide the best user experience in the simplest form possible. Google, for example, has the most advanced search engine on the whole planet. And how does it provide that sci-fi-level technology to the user? By a simple, one-line search bar.

16.11 / 15:09

Blockchain Adoption Digital Court UAE regulator adopts blockchain to speed up commercial judgments

A judicial authority established by the United Arab Emirates (UAE) Federal Decree has adopted blockchain technology to save time and costs related to the enforcement of commercial judgments.

16.11 / 15:09

Blockchain Adoption coinbase end FTX crisis could extend crypto winter to the end of 2023: Report

The FTX crisis has deterred investor confidence and created a liquidity crisis in the crypto market, which could very well extend the crypto winter until the end of 2023, according to a new report.

16.11 / 12:15

Adoption Banks Senate FDIC to prioritize crypto risk assessment as banks perform poorly in Q2

Economic uncertainty amid geopolitical tensions, rising interest rates and slowing economic growth have put a strain on the United States financial system. Reacting to the massive losses reported by the traditional banks in Q2 2022, the Federal Deposit Insurance Corporation (FDIC) decided to prioritize five key policies this year, which include evaluating the risks of crypto assets to the banking system.

15.11 / 17:37

BTC Adoption Bitcoin Bukele El Salvador’s Bukele Says FTX Is ‘the Opposite of Bitcoin’

The President of El Salvador, Nayib Bukele, has called FTX the “opposite” of bitcoin (BTC). And the leader has equated the exchange’s chief Sam Bankman-Fried with notorious financial criminals like Charles Ponzi and Bernie Madoff.

15.11 / 16:37

Adoption Europe Ukraine pro-crypto groups announce Web3 roadmap

A group of pro-crypto Ukrainian lawmakers, Blockchain4Ukraine, and the citizen group Virtual Assets of Ukraine (VAU) revealed a joint roadmap for promoting and developing Web3 in the country. The document was signed by its co-authors on Nov. 14, according to regional media.

15.11 / 11:35

Adoption World population reaches 8 billion, but how many are in crypto?

The global population figure has just reached a huge milestone, with 8 billion souls now sharing the planet. Meanwhile, crypto adoption continues to grow.

15.11 / 09:51

business Blockchain Adoption data crypto sector FTX collapse could see crypto sector layoffs accelerate

The fall of crypto exchange FTX and potential resulting contagion could lead to an acceleration of crypto-company layoffs in the coming months, recruitment specialists warn.

15.11 / 06:31

business Blockchain Adoption Binance Binance CEO urges crypto buyers to 'hold' amid 'unpredictableness'

Binance CEO Changpeng “CZ” Zhao has strongly advised cash-strapped and inexperienced investors to stay away from trading cryptocurrencies amid extreme market volatility and unpredictability.

Adoption Financial News

popular questions about Adoption

What is Adoption and why is it important?

Where can I find the latest updates on Adoption?

How can I verify the accuracy of information on Adoption?