Adoption Financial News

02.07 / 10:27

Blockchain Ethereum Adoption NFT NFT hype evidently dead as daily sales in June 2022 dip to one-year lows

Nonfungible tokens (NFT) took center stage in the year 2021 as artists, influencers, A-list celebrities and the sports industry finally came across a fan engagement tool that empowered the general public to cash in on their success. However, the hype around NFT did not manage to stand its ground as sales plummeted to one-year lows amid the ruthless bear market of 2022.

02.07 / 08:59

Government Blockchain Adoption Bitcoin The decoupling manifesto: Mapping the next phase of the crypto journey

A new financial system; a more democratized, even more inclusive, financial sector; the future of the internet — the crypto ecosystem has been described as all of these things. However, as is evidenced by digital assets’ inherent correlation with the Nasdaq 100, most people fail to conceptualize blockchain as anything other than an extension of the traditional tech economy. While blockchain’s proponents laud its virtues and potential, they have been unable to make a comprehensive case for blockchain to everyday people.

02.07 / 05:45

Blockchain Technology Adoption Internet Top crypto Hiring top crypto talent can be difficult, but it doesn’t have to be

Building a career or constructing a team in decentralized finance (DeFi) and crypto relies on finding talent, skills and the right attitude anywhere, in anyone. While this is no different than other industries, what makes ours unique are the much-needed, specialized skill sets combined with finding a good culture fit in an international and remote setting.

01.07 / 23:15

Adoption defi Hackers hacks Sky Mavis Battle-hardened Ronin bridge reopens following $600M hack: Finance Redefined

Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights, a newsletter crafted to bring you some of the major developments over the last week.

01.07 / 23:15

markets Adoption inflation Bitcoin Bitcoin trader says expect more chop, downside, then sideways price action for BTC this summer

Discussion of the state of the crypto market has been a dominant headline over the past few weeks as non-crypto native media excoriate Bitcoin (BTC) and DeFi investors for investing in assets with no fundamental value. At the same time, crypto-savvy analysts and traders have been pouring over charts, looking for clues that signal when the market will bottom and reverse course.

01.07 / 18:33

Adoption Latin America South America Argentina carries out crypto wallet seizures linked to tax delinquents

Argentina’s tax authority has seized more than 1,000 cryptocurrency wallets linked to delinquent taxpayers in the country.

01.07 / 17:43

Blockchain Law Adoption Bitcoin Experts weigh in on European Union’s MiCa crypto regulation

European Union officials recently agreed on a landmark law called the Markets in Crypto-Assets (MiCa) framework that places guidance for crypto asset service providers (CASPs) to operate within the Europe region. Following this, experts reacted with varying opinions, from supporting the decision to explaining how it would have adverse effects.

01.07 / 17:07

Blockchain Ethereum Adoption Binance Layer-1 blockchains: How crypto winter could slow the challenge to Ethereum

Given Ethereum’s dominance coupled with the current crypto bear market, it remains questionable if L1s will flourish. This was recently highlighted in a Chainalsys blog post entitled “New layer 1 blockchains are expanding the DeFi ecosystem, but no ETH killers yet.” Ethan McMahon, an economist at Chainalysis, told Cointelegraph that Chainalysis published this report to raise awareness for the current L1 ecosystem:

01.07 / 13:31

Facebook Adoption NFT Instagram Support Meta Launches NFT Support on Facebook

Facebook parent company Meta has enabled a group of US creators to show non-fungible tokens (NFTs) on their profiles.

01.07 / 09:03

Adoption defi Tokens Communications Multisigs mean funds in bridges are 'one small slipup' from being hacked

The recent exploit on Harmony’s Horizon Bridge revealed the inherent flaws with multisig admin keys that leave projects and their users “one small slipup” from deep trouble.

01.07 / 03:39

Adoption Sport Environment Rewards4Earth plans to roll out crypto rewards to 1000 sports clubs in Australia

In a small coastal town just north of Brisbane, Queensland, 20 members of the Coolum Surf Club have been taking part in an initial trial of the Erth Point System, a crypto rewards platform from the Australian company Rewards4Earth.

30.06 / 21:33

markets Blockchain Adoption defi debate Time Traders debate whether Solana (SOL) is a buy now that it’s down 87% from its all-time high

The crypto sector is caught in a deep correction and recent reporting shows that a majority of altcoins are more than 70% down from their 2021 highs. Solana is on that list and investors are on the fence about whether the token has strong enough fundamentals to warrant buying Solana (SOL) at its current value.

30.06 / 18:21

business Adoption Investments Funding OP Crypto launches $100M fund to back early-stage crypto VCs

OP Crypto, a cryptocurrency venture capital firm founded by former Huobi executive David Gan, is launching a new fund to support emerging fund managers focused on early-stage crypto investments.

30.06 / 18:21

Government Blockchain Technology Adoption Integrating blockchain-based digital IDs into daily life

The last 13 years have seen blockchain technology evolve into numerous use cases — finance, data, logistics and security, among others. However, the idea of using blockchain’s immutable capabilities to ID humans got new life when Changpeng “CZ” Zhao visited the island country of Palau to kick off its digital residency program.

30.06 / 16:35

business Blockchain Technology Adoption How to start a career in crypto? A beginner’s guide for 2022

The cryptocurrency industry is arguably one of the fastest-growing industries in the world. With its decentralized finance (DeFi) system and blockchain technology, crypto has become an attractive career path for those interested in technology and finance. As expected of any fast-growing sector, growth has also led to a corresponding increase in demand for talented individuals to build the space.

30.06 / 12:19

Blockchain Adoption NFT partnership Binance taps Tiktok star Khaby Lame to drive Web3 adoption

Crypto exchange platform Binance has partnered with Khaby Lame, the most-followed creator on TikTok, to increase the awareness for Web3. The influencer would act as a global brand ambassador for the exchange, helping debunk myths surrounding the crypto and blockchain space.

30.06 / 11:55

Blockchain Adoption Bitcoin Bitcoin Price 80,000 Bitcoin millionaires wiped out in the great crypto crash of 2022

More than 80,000 Bitcoin (BTC) investors have had their millionaire status revoked due to the crypto market downturn, but lower prices mean the number of whole coiners is growing.

30.06 / 03:07

Blockchain Ethereum Adoption Decentralization Ethereum Is Business-ready, Says Foundation-linked Body, but ‘Caveats’ Remain

The authors of a new report claim that Ethereum (ETH) is “ready” for use in the world of business – albeit with “some caveats.”

30.06 / 03:07

Adoption Mining Bitcoin Power Despite the Bear Market, a Salvadoran Wants to Build a USD 200M Power Plant to Mine Bitcoin

A wealthy expat Salvadoran is set to fund a USD 200m solar-powered Bitcoin (BTC) mining facility – and appears to have the backing of the government.

29.06 / 22:04

Blockchain Adoption Binance NFT Meta Ceo Ronaldo partners with Binance: Nifty Newsletter, June 22–28

In this week’s newsletter, read about Meta’s plans to expand their nonfungible token (NFT) testing on Instagram and Facebook. Check out how soccer legend Cristiano Ronaldo is planning to introduce his fans to Web3 through NFTs and how the rap legends Snoop Dogg and Eminem featured Bored Ape Yacht Club (BAYC) characters in their latest music video.

29.06 / 17:05

Blockchain Adoption lending Africa network Lending network enables transparent credit history in Africa via blockchain partnership

African mobile banking platform Aella has partnered with Creditcoin Network to integrate transparent credit history by integrating all its transactions into Creditcoin’s public blockchain.

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