Adoption Financial News
06.06 / 14:25
Blockchain
Adoption
Altcoin
DDoS
Blockchain-based move-to-earn app Stepn under DDoS attacks after upgrade
Solana-based move-to-earn application Stepn has reported multiple denial-of-service (DDoS) attacks in the aftermath of the platform proceeding with a major anti-cheating upgrade.
06.06 / 13:11
Blockchain
Adoption
Women
Bitcoin
Remote roles in blockchain offer flexibility for women: Alien Worlds co-founder
Saro McKenna, the co-founder of nonfungible token game Alien Worlds and CEO of blockchain consulting firm Dacoco, shared perspectives and personal experiences regarding inclusivity within the blockchain industry in an interview with Cointelegraph.
06.06 / 07:07
Government
Adoption
regulation
Bermuda confirms crypto hub ambitions despite market downturn
The Bermuda government is pushing on with its ambitious plans to become a cryptocurrency hub despite the massive market downturn in 2022.
05.06 / 11:39
05.06 / 10:35
business
Blockchain
Technology
Adoption
Global Web3 metaverse and tax initiatives continue in the face of a market meltdown
In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.
05.06 / 05:17
business
Blockchain
Technology
Adoption
Beyond the hype: NFTs can lead the way in transforming business experiences
Many businesses and big brands have already jumped on the nonfungible token (NFT) bandwagon, including Nike, the National Basketball Association, Pepsi and even Taco Bell. But are these just for the show, or are these NFTs creating value? Much like digital services have become essential for every business in and outside of the technology sector, I believe that tokens — and, specifically, NFTs — are likely to become equally crucial in the emerging Web3 economy for at least two reasons.
04.06 / 16:47
Blockchain
Technology
Stablecoin
Adoption
Is education the key to curbing the rise of scammy, high APY projects?
Most people who have dealt with cryptocurrencies in any capacity over the last couple of years are well aware that there are many projects out there offering eye-popping annual percentage yields (APY) these days.
04.06 / 09:43
Blockchain
Adoption
Central Bank
CBDCs can “kill” private crypto: India's RBI deputy governor to IMF
In discussion with the International Monetary Fund (IMF), T Rabi Sankar, the deputy governor of the Reserve Bank of India (RBI), reflected an anti-crypto stance as he spoke about India’s potential to disrupt the crypto and blockchain ecosystem.
04.06 / 08:29
Blockchain
Technology
Adoption
data
Web3 is crucial for data sovereignty in the metaverse
Wandering around the metaverse is like being in a computer game, but soon, it will look exactly like real life. Unlike some dystopian visions of the metaverse, I don’t think we will give up on reality and stop participating in the physical world. On the other hand, advancements in artificial intelligence content generation will likely lead to a photo-realistic metaverse featuring exact replicas of ourselves and propel us toward a hyper-reality that combines our real-world and digital lives.
04.06 / 05:51
business
Blockchain
Technology
Adoption
businesses
Smart contracts can redesign legal agreements, but businesses beware
When was the last time you got a late payment? Chased an invoice? Waited for your monthly paycheck only to realize it’s late yet again? You might relate to these headaches as an investor, employee or client. But the tension that affects each of these unique parties is often caused by one unwavering contributor: an underlying traditional contract.
04.06 / 01:09
Adoption
Gold
Interest rates
Bitcoin
5 reasons why Bitcoin could be a better long-term investment than gold
The emergence of forty-year high inflation readings and the increasingly dire-looking global economy has prompted many financial analysts to recommend investing in gold to protect against volatility and a possible decline in the value of the United States dollar.
04.06 / 00:11
Blockchain
Adoption
South America
Brazilian central banker describes how CBDC system can halt bank runs
In a paper recently published by the Bank for International Settlements (BIS), Fabio Araujo, an economist at the Central Bank of Brazil (CBB) who’s also responsible for the country’s central bank digital currency work, revealed that the monetary authority will have greater control over the population’s money once its CBDC is rolled out. Through the so-called Real Digital, the central bank will be able to halt bank runs and impose other restrictions on citizens’ access to money.
03.06 / 23:59
Adoption
regulation
Investments
Federal Reserve
Fed governor explains who needs crypto regulation and why demand for it is growing
Regulation is needed to open the crypto ecosystem to a larger public, United States Federal Reserve Board Governor Christopher Waller told an audience at the SNB-CIF Conference on Cryptoassets and Financial Innovation in Zurich, Switzerland. Financial intermediaries can help manage risk for new crypto users, but cannot eliminate it, Waller said, and new and fast-growing financial products need public confidence to survive.
03.06 / 21:27
Blockchain
Adoption
World Economic Forum
Bitcoin
WEF 2022: Miami mayor says that Bitcoin can be a global currency
Kristina Cornèr, Cointelegraph's editor-in-chief, sat down with Miami Mayor Francis Suarez at the recent World Economic Forum held at Davos, Switzerland, to discuss topics like the role the mayor played at the WEF, Bitcoin being a global currency and what the mayor does with his BTC.
03.06 / 20:53
Adoption
Investments
Africa
Bitcoin
Central African Republic to tokenize the nation’s natural resources
The Central African Republic (CAR) has announced plans to proceed with its ambitious Sango Project by tokenizing access to the country’s abundant natural resources. President Faustin-Archange Touadéra posted a photograph of a statement on his official Twitter account Thursday detailing the next steps in the project.
03.06 / 18:11
Blockchain
Adoption
defi
DApp
Chainlink launches price feeds on Solana to provide data to DeFi developers
Blockchain oracle platform Chainlink has announced the launch of its price feeds on the Solana blockchain. The integration allows decentralized finance (DeFi) developers to use the feeds within their decentralized applications (DApps).
03.06 / 16:59
Blockchain
Technology
Stablecoin
Adoption
Luna Classic
Terra 2.0: A crypto project built on the ruins of $40 billion in investors' money
Terra remained the focus of the majority of headlines throughout May for its spiral collapse leading to a loss of over $40 billion in investors’ money. Despite some early resistance from the community and heavy backlash from the likes of Binance CEO Changpeng “CZ” Zhao, Terra co-founder Do Kwon managed to relaunch the collapsed network with a new chain called Terra 2.0 (Phoenix-1).
02.06 / 19:01
cryptocurrency
Adoption
Survey
Bitcoin
NOT
Just 18% of Respondents Do Not Expect Bitcoin to Become Legal Tender in 3 Years - Survey
Potentially fueling a bullish approach to bitcoin (BTC) investments, only 17.9% of surveyed individuals said that they do not expect BTC to become legal tender within three years, according to a recent report prepared by The Economist Group and commissioned by crypto platform Crypto.com.
02.06 / 17:49
Technology
Adoption
education
Pride in the Metaverse: Blockchain tech creates new opportunities for LGBTQ+ people
A number of social gatherings have started to take place in the Metaverse as companies across the globe begin to understand the value that virtual interactive environments can have for consumers. It shouldn’t come as a surprise then that Pride Month — a month-long celebration held in June to commemorate the 1969 Stonewall Riots — will be celebrated in various metaverse environments this year.
02.06 / 16:05
Adoption
goldman sachs
Survey
Bitcoin
Global Insurers Start Investing in Crypto Amid Risk-On Investment Approach
Global insurers aim to maintain a risk-on investment approach, with higher allocations to private equity, green bonds, and middle-market corporate loans, but also cryptoassets, according to a report by Goldman Sachs Insurance Asset Management.
02.06 / 14:05
business
Adoption
Environment
Bitcoin
Stranded
US energy company opens crypto mining facility in Middle East to use stranded natural gas
As the heated up discussion around the ethical aspects of using fossil fuels in crypto mining remains one of the key topics for the industry, an unexpected partnership between a Denver-based mining company and the government of a gas-rich Middle Eastern country sets a horizon for a positive role of crypto in cutting the fossil fuels waste.
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