Adoption Financial News

20.07 / 15:03

Blockchain Technology Adoption Human protocol introduces blockchain coordination layer for data contribution

On Thursday, decentralized infrastructure project Human Protocol said it was launching a new blockchain coordination layer to handle routing functionality among third-party vendors to power data contribution on the network. The feature, known as Routing Protocol, sits atop Human to enable the discovery of network generators, fee agreements, consensus job standards, proof of balance, and governance support for network upgrades.

20.07 / 12:59

Adoption regulation Gemini Gemini receives virtual asset service provider license in Ireland

New York-based crypto trading platform Gemini claims to be the first one to get registered as a virtual asset service provider (VASP) by the Central Bank of Ireland (CBI). Earlier in February 2022, a company received an electronic money institution (EMI) authorization from the CBI.

20.07 / 12:03

Technology Ethereum Adoption Bitcoin What are crypto faucets and how do they work?

On blockchains like the Ethereum Mainnet, fees represented in the blockchain's cryptocurrency units must be paid for transactions to be performed and recorded. From exchanges, one can purchase Ether (ETH), the native cryptocurrency of the Ethereum blockchain, and pay the transaction costs. However, alternative Ether distribution mechanisms are utilized on test networks like Rinkeby and scientific research blockchains like Bloxberg.

20.07 / 12:03

business Adoption Report Agency US federal agency issues legal advisory on NFT investments

The United States Office of Government Ethics (OGE) issued a legal advisory recommending various instances when senior government officials are required to disclose their investments in nonfungible tokens (NFT).

19.07 / 23:17

Blockchain Adoption Lightning Network Bitcoin Andorra Taking Baby Steps Toward Crypto Adoption

The microstate of Andorra is looking to make crypto and central bank digital currency (CBDC)-related moves with a legislative proposal that could eventually see the country issue its own token – and despite an initial setback, could push to adopt crypto-friendly policies in the near future.

19.07 / 18:39

Technology Adoption remittances Bitcoin Technicals suggest Bitcoin is still far from ideal for daily payments

It is no secret that a vast majority of investors, both from the realm of traditional as well as crypto finance, view Bitcoin (BTC) as a long-term store of value akin to “digital gold.” And, while that may be the dominant narrative surrounding the asset, it is worth noting that in recent years the flagship crypto’s use as a medium of exchange has been on the rise.

19.07 / 16:13

business Blockchain Adoption Health Blockchain without crypto: Adoption of decentralized tech

A blockchain can be seen as a distributed database whose information is stored across every node running the network. Because the database is distributed among those running the network, it guarantees data stored within it is accurate and securely stored.

19.07 / 16:13

Ethereum Adoption NFT Developers New token by ConsenSys enables security audits for the highest bidder

ConsenSys is set to tokenize smart contract and security auditing services through the upcoming auction of eight “timeboxed” TURN tokens.

19.07 / 15:03

Adoption NFT Marketplace 3D NFT marketplace bridges three-dimensional functionality across metaverses

MetaMundo looks to bring three-dimensional art and assets to some major metaverse environments with the launch of its marketplace and nonfungible token (NFT) architecture.

19.07 / 14:49

Adoption Lightning Network lightning Bitcoin network Busking on Bitcoin: How Lightning Network outperforms Ethereum for tipping

The Canadian band The Carbons got a little more than just a tip during a live performance in Kelowna, British Columbia. When passerby Ben from BTCSessions, a Youtuber and Bitcoin (BTC) educator, saw that the band accepted Bitcoin, he had to send some magic internet money their way.

19.07 / 12:25

Adoption Africa community Bitcoin Bitcoin is for billions: Fedimint on scaling BTC in the global south

“Bitcoin is for billions, not billionaires,” a phrase first coined by investment researcher Lyn Alden, could soon become a reality, according to Fedimint.

19.07 / 12:25

Blockchain Ethereum Adoption Polygon network Aave taps Pocket Network to beef up decentralized app development

Aave (AAVE), an open source decentralized finance (DeFi) protocol, is teaming up with decentralized Web3 infrastructure provider Pocket Network to offer developers increased scalability and ease of use when building decentralized applications (DApps) on the Aave Protocol.

19.07 / 11:43

Adoption NFT Dubai Dubai to ramp up metaverse efforts with 40,000 new jobs

One of the leading crypto hubs in the Middle East, the emirate of Dubai, launches the Dubai Metaverse Strategy that aims to turn it into one of the world’s top 10 metaverse economies. The strategy promotes Dubai’s ambitions to support more than 40,000 virtual jobs by 2030.

18.07 / 19:49

business Adoption Investments Venture Capital Web3 dominates venture capital interest in blockchain industry in Q2 2022

Cointelegraph Research brings an analysis of all the deals and trends from venture capital (VC) in the blockchain industry during the second quarter of 2022.

18.07 / 18:23

cryptocurrency Adoption NFT Fashion How Fashion and NFTs Found Themselves in a Beneficial Partnership

The fashion world has gone for NFTs in a big way. Yes, skeptics may continue to claim that NFTs are “useless,” yet fashion houses seem not to have received the memo, since a growing number of them have begun offering those tokens of ownership as part of their collections and product lines.

18.07 / 16:59

Blockchain Adoption regulation copyrights Will intellectual property issues sidetrack NFT adoption?

The rapidly growing but loosely regulated nonfungible token (NFT) industry already touches many areas of human endeavor “from academia to entertainment to medicine, art, and beyond,” wrote recently two United States senators in a letter to the U.S. Patent and Trademark Office (USPTO) and the U.S. Copyright Office. The legislators were requesting a study to explain how this emerging technology fits into the world of intellectual property (IP) rights, including copyrights, trademarks and patents.

18.07 / 16:11

Blockchain Adoption Africa Africa can create an inclusive society with blockchain, says LBank CEO

As one of the most populated continents in the world, Africa continues to be an important target for blockchain proponents, as adoption in the region could have a significant impact on the broader crypto economy.

18.07 / 13:09

Adoption Taxes Bitcoin Future India needs global collaboration to decide on crypto's future, says finance minister

Indian finance minister Nirmala Sitharaman has called for global collaboration on cryptocurrencies, assessing their pros and cons to form a common standard and taxonomy.

18.07 / 13:09

business Blockchain Adoption FTX CEO: Blockchain can make social media interoperable

While the critics cast doubts on some of blockchain’s use cases during the crypto winter, one of the most prominent community figures laid out some points that cement blockchain’s position as a disruptive technology.

18.07 / 05:57

Adoption Mining regulation South America crypto framework Framework Paraguay’s crypto framework one step away from becoming law

The Paraguayan Senate passed a bill on July 14 establishing a tax and regulatory framework for businesses operating in the cryptocurrency and the crypto mining sectors.

18.07 / 02:57

Government Adoption Asia regulatory The regulatory implications of India’s crypto transactions tax

The Indian crypto landscape lost some momentum this year as the government introduced two laws demanding crippling taxes on crypto-related unrealized gains and transactions.

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