Adoption Financial News
07.09 / 17:35
Blockchain
Adoption
Blockchain and crypto find use case in community powered weather forecasting
Blockchain and crypto are coming to a local weather station near you - or at least that’s what one group of Athens-based engineers is trying to accomplish. WeatherXM is using a combination of blockchain-based data verification with crypto incentives to get people worldwide to capture their local weather data for more accurate forecasting.
07.09 / 14:53
Adoption
regulation
Bitcoin
El Salvador celebrates Bitcoin anniversary: A year of ups and downs
Sept. 7, 2022 marks exactly one year since El Salvador became the first country in the world to adopt Bitcoin (BTC) as legal tender by enforcing the Bitcoin Law.
07.09 / 11:51
Adoption
Bitcoin
Getting hitched, Satoshi style: a Bitcoin-themed wedding in Lebanon
A Bitcoin (BTC) evangelist in Lebanon took their love for Bitcoin to the next level. Said Nassar, an international business engineer, themed his wedding day around Satoshi Nakamoto’s innovation, Bitcoin.
07.09 / 07:47
Blockchain
Ethereum
Adoption
Upgrade
Ethereum’s Bellatrix upgrade hiccups jangle nerves... but it'll be right on the night
The Bellatrix upgrade preparing Ethereum for the Merge was successfully completed on Sept. 6 - however concerns were raised over an almost one in ten missed block rate across the last 600 slots.
07.09 / 04:51
business
Blockchain
Adoption
kpmg
VCs pour $14.2B into crypto in H1 2022, but investments now slowing
Venture capital firms poured $14.2 billion into crypto across 725 deals in the first half of 2022, but big four accounting firm KPMG predicts investments will likely slow for the remainder of the year.
06.09 / 22:15
Adoption
NFT
PHILANTHROPY
Argentine Freemasons want to put NFTs to philanthropic work
The Argentine Grand Lodge of Free and Accepted Masons is jumping into nonfungible tokens (NFTs), but with a philanthropic twist. The secretive society is releasing 77 digital art NFTs under the name CryptoMasons, with profits going back to local charities supported by the chapter.
06.09 / 16:43
Technology
Adoption
Congress
US regulators
DeFi Regulations: Where US regulators should draw the line
Decentralized finance (DeFi), one of the fastest growing ecosystems in the cryptocurrency market, has long been a dilemma for regulators, given the decentralized nature of the space.
06.09 / 16:43
Government
Adoption
Cybersecurity
Banks
CBDCs require governments to put a special focus on security
Today’s financial world is becoming increasingly digitized, and naturally, central banks want to adapt to the changing environment. The use of cash is rapidly declining. Globally, the rise of digital payment apps and COVID-19 have only accelerated the decline in cash usage, fueling interest in digital currencies and demand for easier payment solutions.
06.09 / 12:57
CBDC
Adoption
Asia
Military
Exiled Myanmar democratic leaders want to issue CBDC to fund the revolution
Half a year after the military junta in Myanmar revealed its plans to launch a digital currency, the country’s government, ousted in a coup in 2021, voices its own intention to launch one using frozen national funds.
06.09 / 11:59
Government
Adoption
Bitcoin
foreign
Australian
Australian Treasury consults public on Bitcoin foreign currency tax exclusion
Australia’s ministerial department of Treasury reached out to the public to seek consultation regarding draft legislation that would exclude cryptocurrencies from being taxed as a foreign currency if passed.
06.09 / 10:17
Blockchain
Adoption
regulation
Crypto assets are no longer niche and regulators need to catch up — IMF
The past few years have seen crypto assets moved from being “niche products” to having more of a mainstream presence, prompting the need for more comprehensive regulation of the space, according to the International Monetary Fund (IMF).
06.09 / 08:33
Ethereum
Adoption
NFT
Marketplace
Weekly
Ethereum domain names top Bored Apes on OpenSea's weekly chart
Ethereum Name Service (ENS) domain names have surpassed Bored Ape Yacht Club (BAYC) as the most traded asset on NFT marketplace OpenSea over the last seven days — seemingly ahead of the Ethereum Merge.
06.09 / 05:23
Ethereum
Adoption
Proof-of-stake
Nodes
74% of Ethereum nodes ‘Merge ready’ ahead of Bellatrix upgrade
As many as 73.5% of Ethereum nodes are now marked as “Merge ready” ahead of the upcoming Bellatrix upgrade for Ethereum on Sept. 6, according to data from Ethernodes.
05.09 / 22:33
CBDC
Adoption
regulation
RBI
Reserve
Reserve Bank of India preparing to trial a CBDC with public sector banks and fintechs
The Reserve Bank of India (RBI) is in talks with fintech companies and state-controlled banks about a trial run of a central bank digital currency (CBDC), local publication Moneycontrol reported on Sept. 5. An unnamed public sector bank official told the publication that the trial may precede an RBI launch of a CBDC this fiscal year.
05.09 / 19:39
Adoption
regulation
NOT
Law Decoded, Aug. 29–Sep. 5: Celsius is ready to give money back, but not much
United States-based crypto lending platform Celsius, which collapsed and stopped the withdrawal option amid the market meltdown in June, pledged its readiness to partially return money to customers. However, there’s a catch, as the motion company has filed with the United States Bankruptcy Court, would only apply to Custody and Withold Accounts and for custody assets worth $7,575 or less in value.
05.09 / 16:07
Blockchain
Technology
Adoption
Bitcoin
Crypto noobs: What to tell newcomer friends about digital currency
Interest in crypto has been growing since the 2017 bull market and has increased even further since 2021, which saw the nonfungible token (NFT) boom and Bitcoin (BTC) hitting its highest price so far.
05.09 / 15:07
Adoption
Mainstream
Bitcoin
NOT
Data from bitcoin processor suggests crypto winter is not affecting widespread adoption
If it wasn't devastating enough for investors to see cryptocurrencies lose nearly $2 trillion in value since the height of the 2021 rally, analysts have predicted that the most recent plunge isn't a traditional market pullback. Instead of distinguishing between a market pullback and a longer-term decline, the industry has already shown signs of the more dreaded "the crypto winter."
05.09 / 14:32
event
Adoption
Trading
Bitcoin
Ripples of Bitcoin adoption at Biarritz’s Surfin Bitcoin Conference in France
A sublime sunset enveloped Biarritz Casino on Aug. 27, bringing France’s largest Bitcoin (BTC) conference to a close. Located in southwest France and organized by French Bitcoin exchange Stackin Sat, Surfin Bitcoin assembled a host of Bitcoin OG’s, newbies and no coiners, those yet to buy or earn crypto, in a setting that would rival any Hollywood film set.
05.09 / 12:43
Adoption
Congress
Bitcoin
US congressman and crypto skeptic explains why a crypto ban won't work
In a recent interview, United States congressman and a known crypto skeptic Brad Sherman claimed that banning cryptocurrencies is not an option at this point.
05.09 / 12:17
05.09 / 06:23
business
Blockchain
Adoption
Ripple
NFT NYC 2022: A look inside a massive NFT conference
Cointelegraph senior reporter Rachel Wolfson spent a day exploring NFT NYC 2022 to learn about emerging nonfungible token projects,or NFTs, and how the sector may advance. A recent market report published by Verified Market Research (VMR) predicts that the NFT market could reach a value of $230 billion by 2030. NFT NYC 2022 certainly demonstrated the potential of the NFT sector, highlighting some of the most promising use cases and industry experts.
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