Adoption Financial News

21.08 / 12:17

business Blockchain Adoption Hackers Can Web3 be hacked? Is the decentralized internet safer?

Web3 came into existence posed as a blockchain-powered disruption to the current state of the internet. Yet, as a nascent technology, a fog of assumptions plagues discussions about the real capabilities of Web3 and its role in our day-to-day lives.

21.08 / 08:35

business Blockchain Adoption FTX revenue reportedly grew 1000% in one year, leaked documents reveal

FTX was among the many crypto exchanges with a front-row seat to witness the crypto hype of 2021, back when Bitcoin (BTC) and other cryptocurrencies hit their all-time highs. Driven by massive customer onboarding, partnerships, sponsorships and other factors, FTX’s revenue reportedly grew 1000% in 2021 — revealed internal documents.

20.08 / 23:45

markets Technology Adoption DeFi needs to start creating real-world value if it wants to survive

The total value locked in decentralized finance (DeFi) projects is hovering around $62 billion as of mid-August, down from a peak of over $250 billion in December 2021. Capital is fleeing the crypto space amid war, soaring inflation and whatever other surprises 2022 may still have in store for us.

20.08 / 15:17

business Blockchain Adoption AML safe Are non-KYC crypto exchanges as safe as their KYC-compliant peers?

Many see implementing Know Your Customer (KYC) tools in crypto as a deterrent to the Bitcoin (BTC) Standard, which has predominantly promoted anonymized peer-to-peer transactions. However, regulators stay put on promoting KYC and anti-money laundering (AML) implementations as a means to ensure investors’ safety and protection against financial fraud.

20.08 / 08:39

business Adoption Binance regulation Binance vs. FTX: CZ calls out ‘bad players’ for crypto exchange jitters

The CEO of crypto exchange Binance, Changpeng ‘CZ’ Zhao, raised concern for traders after learning about the infamous phenomenon of trade jitters on other crypto exchanges.

19.08 / 23:47

Blockchain Adoption Gaming Crypto Unicorns founder says P2E gaming is in a long ‘maturation phase’

As the hype surrounding play-to-earn (P2E) games and platforms began to dwindle in early 2022, Web3 participants began to emphasize the need for games to be more “fun” and less finance-oriented. In the most recent episode of NFT Steez, Alyssa Expósito and Ray Salmond spoke with Aron Beireschmitt, the CEO of Laguna games and founder of Crypto Unicorns, about the sustainability of P2E-focused blockchain games.

19.08 / 19:27

Adoption NFT Web3 What is an NFT and why are they so popular?

Nonfungible tokens (NFTs) have been part and parcel of the cryptocurrency space for the last couple of years. Still, their value and utility across several industries have driven their proliferation into mainstream consciousness.

19.08 / 14:47

Adoption Metaverse MTV introduces the 'Best Metaverse Performance' award category

The 2022 MTV Video Music Awards (VMAs) added a new category to its list of competition categories. This year artists are eligible to compete under the category of “Best Metaverse Performance” for a coveted award.

19.08 / 09:21

business Adoption XRP Ripple partners with Travelex to launch enterprise crypto payment service in Brazil

Ripple’s XRP token is set to be used to facilitate fast and cost-effective cross-border transactions in Brazil, after the launch of RippleNet's On-Demand Liquidity (ODL) with forex company Travelex.

19.08 / 08:09

Adoption Environment Universities Korea's 'poop-coin' project got flushed in February, inventor reveals

The South Korean government has put the lid on a science program that created toilets designed to turn human waste into electricity, heat, and digital currency.

19.08 / 07:51

Government Blockchain CBDC Adoption 'Programmable money should terrify you' — Layah Heilpern

Government controlled “programmable money should terrify you”, says social media influencer and TV Host Layah Heilpern, who sees central bank digital currencies (CBDCs) as a way for banks and governments to reign control over their people.

18.08 / 22:01

CBDC Adoption Features enaira Nigeria aims for millions of new eNaira users as it increases features, targets unbanked

The eNaira, Nigeria’s central bank digital currency (CBDC), will enter the second phase of its expansion with new technology to beef up its user base, Nigerian Central Bank governor Godwin Emefiele said Thursday, speaking at the 2022 eNaira Hackathon in Abuja. The eNaira, Africa’s first CBDC, was launched in October 2021.

18.08 / 19:19

Adoption Investments Web3 Venture Capital venture capital funding Blockchain venture capital funding down over 43% in July: Report

Typically a lagging indicator of the sector’s health, the explosion of venture funding in the blockchain sector in 2021 and the first half of 2022 appears to be cooling off after seven consecutive sectors of growth. According to Cointelegraph Research, inflows in the blockchain venture capital market have declined by 43% month-on-month in July 2022.

18.08 / 18:25

Blockchain Adoption movie DAO How can DAOs involve fans in filmmaking? Expert answers

As more people begin to integrate Web3 technologies into entertainment and production, the use case for decentralized autonomous organizations (DAOs) in filmmaking has been highlighted in a Cointelegraph interview with Jake Fraser, the head of business development at the film-focused blockchain project Mogul Productions.

18.08 / 16:07

Technology Adoption Digital Currency Ukraine has shown the value cryptocurrency offers to real people

The world is still struggling to comprehend the geopolitical and human impact of the Ukraine war. With more than 10 million people fleeing their homes and 6 million seeking refuge in foreign countries, it's been a time to support a sovereign country under attack.

18.08 / 09:31

business Adoption advertisement ad Crypto ad spending may be down, but awareness remains critical: Experts

Crypto television advertising spending has reportedly fallen off a cliff in the United States, reflecting the current state of the markets. However, that’s no excuse to take a break, two crypto firms tell Cointelegraph.

18.08 / 09:31

Adoption ETF regulation asset manager Aussie asset manager to offer crypto ETF using unique license variation

Australian asset manager Monochrome Asset Management has landed the country’s first Australian financial services license (AFSL) for a spot crypto exchange-traded fund (ETF).

18.08 / 07:21

CBDC Adoption regulation ECB CBDCs only solution to 'smooth continuation' of the monetary system: ECB

The European Central Bank (ECB) says the introduction of digital cash in the form of central bank digital currencies (CBDCs) appears to be the "only solution" that will guarantee a "smooth continuation" of the current monetary system.

18.08 / 05:01

Adoption Police Traffic Korean police seize crypto for unpaid traffic fines in trial

A South Korean town near Seoul has been successfully operating a pilot program that allows police to seize crypto from the exchange accounts of individuals with delinquent traffic fines.

18.08 / 00:15

Blockchain Adoption Gaming Celebrities called out for shilling NFTs: Nifty Newsletter, Aug 10–16

In this week’s newsletter, read about how Justin Bieber, along with other celebrities, was called out to disclose their connections to nonfungible token (NFT) firms. Check out the market performance of blue chip NFTs and how NFT games have an advantage over traditional gaming business models. In other news, learn about how OpenSea is implementing new ways to combat NFT theft. And check out how experts feel about carbon offset NFTs that aim to help the environment.

17.08 / 13:55

Blockchain Adoption interview Web3 gives creators in emerging markets a shot, says Faro Company CEO

While the entertainment and production industry is still primarily dominated by the West, shows like the Squid Game demonstrate an opportunity for non-Western productions to take flight on the international scene. With some help from Web3, creators in developing markets can find their way to a bigger stage, according to an expert in the entertainment industry.

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