Adoption Financial News
25.08 / 00:57
CBDC
Adoption
regulation
ECB
digital euro
services
Bank of Finland governor says digital euro could facilitate pan-European services to consumers
In a novel address at the University of California Berkley published on Wednesday, Olli Rehn, governor of the Bank of Finland, touted the possibility of a digital euro centralized bank digital currency (CBDC) functioning in tandem with private fintech solutions to facilitate the cross-border payment of services across Europe.
24.08 / 15:43
Blockchain
Adoption
Beijing announces two-year Metaverse innovation and development plan
The Beijing municipal government on Aug. 23 announced a two-year (2022-2024) metaverse innovation and development plan that would require all districts to adhere to the newly released Web3 innovation plan.
24.08 / 08:57
business
Adoption
Gambling
Australia’s Northern Territory mulls landmark crypto gambling regulation
Australia’s Northern Territory Racing Commission (NTRC) is consulting with its gambling licensees over a tentative proposal to incorporate crypto wagering as part of the regulated gambling industry.
24.08 / 06:27
Blockchain
Adoption
education
Survey
Schools
64% of US blockchain-versed parents want crypto taught in schools: Survey
Over two-thirds of U.S. parents and college graduates with an understanding or involvement in crypto believe that crypto should be taught in schools in order for students to “learn about the future of our economy,” a new study has found.
23.08 / 23:15
23.08 / 23:07
business
Blockchain
Adoption
testing
e-CNY
China begins next phase of CBDC testing with e-CNY payment for public transport
According to multiple sources, on Tuesday, China officially began rolling out the next round of its central bank digital currency (CBDC) pilot test program. In the city of Guanzhou, it is now possible to pay for public bus rides with the digital yuan (e-CNY) CBDC on 10 transit routes, which is a first for the country. To do so, passengers simply need to download the e-CNY app, deposit funds and scan the QR code located in the bus payment section to pay for their ride.
23.08 / 19:03
markets
Ethereum
Adoption
Bitcoin
What crashed the crypto relief rally? | Find out now on The Market Report
On this week’s “The Market Report” show, Cointelegraph’s resident experts discuss some of the main factors that contributed to the collapse of this bear market rally.
23.08 / 18:05
23.08 / 17:59
business
Law
Adoption
saga
Tornado Cash saga highlights legal issues affecting the crypto market
Things have not been looking too good for the crypto market in recent months, with the market seemingly being gripped by one piece of bad news after another. To this point, on Aug. 8, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued legal sanctions against digital currency mixer Tornado Cash.
23.08 / 16:05
business
Adoption
defi
Investments
Future
Metaverse promises: Future of Web3 or just a market gimmick?
The Metaverse as a concept is an attempt to fuse physical reality, augmented reality (AR) and virtual reality (VR) into one seamless and immersive experience.
23.08 / 13:41
Adoption
regulation
Indian Government
Indian
Crypto users
One-third of estimated 115M Indian crypto users concerned about regulations
India is now home to an estimated 115 million cryptocurrency investors despite a historically negative attitude toward the sector from the government, according to new data.
23.08 / 06:01
Adoption
inflation
Bitcoin
Bitcoin won't hedge inflation until it hits 1B wallets: Scaramucci
Skybridge Capital CEO Anthony Scaramucci believes that while Bitcoin continues to be an attractive asset, it has not reached the “wallet bandwidth” that is required for it to be considered an inflation hedge.
23.08 / 05:29
business
Adoption
Cybersecurity
security
Crypto security
Crypto security experts raking $430K salaries amid 2022's hacking spike
The rise of crypto hacks over 2022 has skyrocketed demand for blockchain security experts, with some auditors making upwards of $430,000 per year.
22.08 / 22:05
Ethereum
Adoption
Bitcoin
businesses
FCA highlights limited role as unregistered businesses continue to operate
The number of unregistered cryptocurrency-related businesses continues to outweigh those signed up with the United Kingdom’s Financial Conduct Authority. Crypto.com became the latest business from the cryptocurrency ecosystem to register with the FCA, joining a list of a confirmed 37 companies with the green light to offer services in the country.
22.08 / 16:23
business
Blockchain
Ethereum
Adoption
Ethereum advances with standards for smart contract security audits
The Ethereum ecosystem continues to witness a flurry of activity that has individuals and organizations deploying token contracts, adding liquidity to pools and deploying smart contracts to support a wide range of business models. While notable, this growth has also been riddled with security exploits, leaving decentralized finance (DeFi) protocols vulnerable to hacks and scams.
22.08 / 16:23
Technology
Adoption
Scams
Metaverse is a key factor in long-term NFT success, says new research
A new report from Juniper Research analyzed the trajectory of the nonfungible token (NFT) market over the next five years. According to the study, global transactions related to NFTs will escalate from 24 million in 2022 to nearly 40 million by 2027.
22.08 / 13:37
Stablecoin
Adoption
Usd Coin
Holdings
USDC whale holdings percentage lowest in almost two years
The percentage of USD Circle (USDC) stablecoins held by major wallet addresses dropped to its lowest point in almost two years as the cryptocurrency market downturn continues.
22.08 / 11:33
Blockchain
Adoption
defi
Cardano
Testnet
What’s going on with Cardano’s testnet and Vasil hard fork?
Cardano founder Charles Hoskinson has continued to refute claims that the Cardano’s testnet is “catastrophically broken,” implying the need to finally move forward with the long-delayed Vasil hard fork.
22.08 / 11:33
Adoption
regulation
Taxes
Crypto tax can wait, free coins can't: S. Korea mulls 'gift tax' for airdrops
The South Korean Ministry of Strategy and Finance on Monday cleared that virtual asset airdrops, staking rewards and hard forked tokens would be subject to a "gift tax" under the Inheritance and Gift Tax Act despite the postponement of crypto gains tax to 2025.
22.08 / 11:12
Blockchain
Adoption
fees
Bitcoin
network
Average Bitcoin transaction fee drops under $1 as network difficulty recovers
The average transaction fees on the Bitcoin (BTC) blockchain fell below $1 for the first time in over two years, further strengthening its use case as a viable mainstream financial system.
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