Adoption Financial News
31.08 / 18:09
Adoption
Investments
Trading
Bitcoin
inequality
How cryptocurrency could help tackle global income inequality
Over the past few decades, the inequality of wealth distribution globally has become all the starker.
31.08 / 16:19
business
Adoption
Investments
Bitcoin
crypto volatility
Crypto volatility may soon recede despite high correlation with trad-fi
After forging a minor recovery of sorts earlier this month, the crypto market has returned to exhibiting high levels of volatility over the past two weeks. This trend has pervaded the market since late last year, with the total market capitalization of the digital asset industry having dipped from an all-time high of $3 trillion back in November 2021 to its current levels of $1.08 trillion, representing a drop of over 65%.
31.08 / 15:31
Blockchain
Ethereum
Adoption
coinbase
stake
Buterin and Armstrong reflect on proof-of-stake shift as Ethereum Merge nears
Ethereum co-founder Vitalik Buterin and Coinbase CEO Brian Armstrong believe that a gradual mind shift and important community contributions led to their backing of Ethereum’s upcoming move from a proof-of-work (PoW) to proof-of-stake (PoS) consensus.
31.08 / 13:31
Adoption
Bitcoin
Time
Bitcoin is for those in need, the rest need time to learn: Surfin Bitcoin Panel
Bitcoin (BTC) is there for those that need it most; the rest may need time to learn. This message reverberated around the casino conference hall during a panel at Surfin Bitcoin, a Bitcoin-only conference in Biarritz, France, on Aug 26.
31.08 / 12:32
Blockchain
Adoption
education
Busan City announces FTX partnership to build local exchange
South Korea’s second-largest city Busan has announced a partnership with crypto trading platform FTX to build a local crypto exchange and foster blockchain development.
31.08 / 07:35
business
Ethereum
Adoption
Bitcoin
ETH products grow in August as BTC products dip: CryptoCompare report
Ethereum investment products increased by 2.36% to $6.81 billion in assets under management (AUM) throughout August, outperforming Bitcoin products which saw a 7.16% drop off to $17.4 billion.
31.08 / 01:37
Ethereum
Adoption
Investments
Bitcoin
UBS raises US recession odds to 60%, but what does this mean for crypto prices?
On Aug. 30, global investment bank UBS increased its view on the risk of the United States entering a recession within one year to 60%, up from 40% in June. According to economist Pierre Lafourcade, the latest data showed a 94% chance of the economy contracting, but added that it "does not morph into a full-blown recession."
31.08 / 01:37
Government
Blockchain
Law
Adoption
President of Paraguay vetoes crypto regulation law
Paraguay's president, Mario Abdo Benítez, vetoed a bill that sought to recognize cryptocurrency mining as an industrial activity on Monday. He reasoned that mining's high electricity consumption could hinder the expansion of a sustainable national industry.
30.08 / 17:49
business
Technology
Adoption
Trading
Crypto market turmoil highlights risks of leverage in trading
Leveraged trading of cryptocurrencies — i.e., trading crypto with borrowed funds — comes with significant risks. This is mainly due to the capricious nature of the market.
30.08 / 16:51
Blockchain
Adoption
regulation
Web3
‘We need to learn what regulation works and what holds us back’ — hedge fund exec
With more institutions joining the Web3 space, regulation has been identified as one of the trickier challenges that can either smother creativity or become a potential catalyst to broader adoption.
30.08 / 16:23
Ethereum
Adoption
Organizations bring Africa, Costa Rica and Ukraine to the Metaverse to raise awareness
The Metaverse is quickly becoming one of the most important places for companies and individuals looking to expand their reach. New findings from research firm MarketsandMarkets predict that the Metaverse market size will grow from $61.8 billion in 2022 to $426.9 billion by 2027.
30.08 / 16:23
Adoption
regulation
Bitcoin
Russian PM takes cue from Iran’s crypto payment permit for imports
Russia could soon be taking a cue from Iran by using cryptocurrencies for imports, according to comments from the Russian prime Minister.
30.08 / 13:27
business
Adoption
Binance
Investments
Binance Pay
Binance Pay partnership allows UAE entrepreneurs to repay loans using crypto
Binance marked its presence among the Middle East investors by running various licensed operations in Abu Dhabi, Dubai and other regions. Targeting efforts in United Arab Emirate’s (UAE) mainstream corporate sector, Binance partnered with business lender Virtuzone, allowing new entrepreneurs to repay loans using cryptocurrencies.
30.08 / 12:07
30.08 / 11:21
Adoption
Mining
regulation
businesses
Iranian businesses get the green light to use crypto for imports
Iran’s Industry, Mines and Trade ministry has approved the use of cryptocurrency for imports into the country amid ongoing international trade sanctions.
30.08 / 10:41
Blockchain
Art
Adoption
interview
Frida Kahlo art finds permanent home in the metaverse
The family of the world-renowned painter Frida Kahlo released never before seen art and memorabilia tied to the artist into the metaverse. The content debuted in a permanent exhibition during the third-annual Metaverse Art Week in Decentraland, held on Aug. 24–28.
30.08 / 10:33
30.08 / 08:15
Blockchain
Ethereum
Adoption
transactions
network
Ethereum scaling network Arbitrum set for major upgrade on Aug. 31
Ethereum layer-2 scaling solution Arbitrum is set to undergo one of its most significant upgrades on Wednesday, set to increase transaction throughput, slash transaction fees and simplify cross-chain communication between Arbitrum and Ethereum.
30.08 / 07:27
Blockchain
Adoption
Taxes
Argentina's Mendoza province now accepting crypto for taxes and fees
In another shift toward widespread crypto adoption in Argentina, citizens from the Mendoza Province can now pay government fees and taxes using cryptocurrencies.
29.08 / 23:57
Blockchain
Adoption
Africa
Central African Republic court says new $60,000 citizenship by crypto investment program is unconstitutional
According to Reuters, on Monday, the Central African Republic's (CAR) Constitutional Court said that the purchase of citizenship, e-residency and land using its government-backed Sango digital currency is unconstitutional due to the absence of market value in nationalities. Earlier in July, the CAR's government unveiled its Sango crypto hub to attract global crypto talent/enthusiasts, boost Bitcoin adoption and implement new crypto regulatory frameworks. The Sango blockchain is built on top of the Bitcoin blockchain, similar to a layer-2 solution.
29.08 / 23:23
Adoption
regulation
Australian
Australian regulators rattle their saber as adoption takes a major leap: Law Decoded, Aug. 22-29
Australia’s financial regulator, Securities and Investments Commission (ASIC), has pledged to put crypto assets and decentralized finance (DeFi) firmly in its sights over the next four years. The regulator intends to focus on “digitally enabled misconducts” and to protect investors “from harms posed by crypto-assets.” Given the ASIC’s history of anti-crypto sentiments, such an announcement could be perceived as hostile, but at least it contains a promise to implement some regulatory framework that is still absent.
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