Adoption Financial News

27.05 / 18:03

Government Stablecoin Adoption Bitcoin Future How Terra’s collapse will impact future stablecoin regulations

The collapse of the Terra ecosystem, which subsequently depegged its algorithmic stablecoin TerraUSD (UST) value and crashed it to an all-time low of $0.30, has cast doubt over the future of not just algorithmic stablecoins but all stablecoins in general.

27.05 / 17:29

Technology Adoption NFT Sandbox Utility Digital identity in the Metaverse will be represented by avatars with utility

The Metaverse is poised to become tech’s next trillion-dollar opportunity, as an increasing number of companies are showing interest in immersive virtual spaces that will allow consumers to go beyond what’s possible in real life. This was highlighted in a recent report from CB Insights, which found that the Metaverse will disrupt at least 13 leading industries including fashion, retail, gaming, education and more.

27.05 / 16:37

Adoption regulation Tax PM Says Web 3 Is an Opportunity for Japanese ‘Economic Growth’

The Japanese Prime Minister has spoken to the nation’s parliament about Web 3, claiming that it will spark economic growth – a further indication that pro-business legal reform could be on the cards in the nation.

27.05 / 06:55

Twitter Adoption Scams Crypto spam increases 4000% in two years: LunarCrush

Spam and bots have been the bane of anyone that uses the internet for years, but recently this digital scourge has ramped up activity in the crypto sector in a big way.

26.05 / 23:39

Blockchain CBDC Adoption regulation Future committee Brainard tells House committee about potential role of CBDC, future of stablecoins

United States Federal Reserve vice chair Lael Brainard submitted a written statement in advance to the Financial Services Committee's virtual hearing, "On the Benefits and Risks of a U.S. Central Bank Digital Currency (CBDC)," that took place Thursday. That was a sound strategic move, considering that more than 25 legislators lined up to ask questions.

26.05 / 23:07

Stablecoin Adoption Tether World Economic Forum ‘Other flavors of Tether’ will bridge users to USDT: Paolo Ardoino

Tether’s decision to launch a new digital asset pegged to the Mexican peso will be a boon to crypto adoption in the Central American country by providing more onramps to the USDT stablecoin, according to Paolo Ardoino.

26.05 / 16:05

business Blockchain Adoption Africa inclusion Financial Blockchain tech offers multiple paths to financial inclusion for unbanked

Financial inclusion, accessible services and the unbanked are standard talking points in many conversations about crypto. But, the details may remain somewhat fuzzy — the people who talk about crypto are generally those already inside the financial system. There are people who are actively working to increase financial inclusion and access to services for the vast number of people who are unbanked or underserved.

26.05 / 15:53

Adoption Europe European Union Bitcoin ECB president’s anti-crypto comments trigger community responses

From expressing disappointment to criticizing the euro, the community fired back at European Central Bank (ECB) president Christine Lagarde for her recent anti-crypto remarks.

26.05 / 12:35

Blockchain Adoption LEGO privacy WEF 2022: Metaverse should be developed from children’s perspective, says LEGO VP

Metaverse and Web3 dominated the discussions on the fifth day of the ongoing World Economic Forum (WEF).

26.05 / 12:29

Twitter Adoption Scams elon ‘Yikes!’ Elon Musk warns users against latest deepfake crypto scam

Tesla CEO Elon Musk distanced himself from yet another fabricated video promoting a cryptocurrency scam.

26.05 / 05:51

Adoption Survey NOT Developing countries love the Metaverse, rich nations not keen: WEF survey

Excitement for the Metaverse and virtual or augmented reality (VR/AR) is much greater in developing countries than in high-income countries according to a survey conducted for the World Economic Forum (WEF).

25.05 / 23:17

Adoption regulation community Davos Governments, Companies Will Need To Develop Standards, Rules For Metaverse - Davos Panel

The metaverse creates a range of opportunities for users and companies, but businesses and governments will need to come up with rules governing transactions and content, according to the participants of a panel held during this year’s edition of the World Economic Forum in Davos.

25.05 / 19:39

Blockchain Adoption Mining guidelines Tax guidelines for crypto mining pass the first reading in Kazakhstan

Kazakhstan, one of the global leaders in crypto mining with a recent history of hostile measures against the industry, is taking a step toward a comprehensive fiscal framework for mining operators.

25.05 / 13:47

Blockchain Adoption Women WEF 2022: Satoshi Nakamoto could be a woman, says Meta VP Nicola Mendelsohn

The fourth day of the ongoing world economic forum saw major discussion around the role of women in web3 and how the decentralized ecosystem is the place for inclusiveness.

25.05 / 11:57

business Blockchain Adoption Google Google seeks fresh talent to lead global Web3 team

Following the establishment of a Web3 team under Google Cloud on May 6, tech giant Alphabet’s Google is now on the lookout for a full-time candidate to lead its Global Web3 marketing strategies.

25.05 / 03:11

Adoption Real Estate Bitcoin expansion Brazil in Bitcoin Adoption Drive: Blockchain.com's Expansion, Miners' Tax Break, Real Estate Firm's BTC Choice

Crypto adoption is gaining pace in Brazil, with the crypto wallet giant Blockchain.com looking to hire local staff, a major real estate firm committing to bitcoin (BTC) pay, and the government looking to incentivize crypto mining by waiving tax on imported mining hardware.

24.05 / 23:53

Blockchain Adoption regulation Bitcoin ECB: One in ten households in eurozone population centers now own cryptocurrency

On Tuesday, the European Central Bank, or ECB, published the results of a new survey conducted in six eurozone areas; the Netherlands, Spain, Italy, Belgium, France, and Germany. Together, approximately 10% of respondents from the surveyed countries said they own cryptocurrencies. Out of this group, only 6% of respondents said they own digital assets worth more than 30,000 euros. Meanwhile, 37% of respondents said they owned up to 999 euros in crypto.

24.05 / 22:17

Blockchain CBDC Adoption Mercado Bitcoin partners with Stellar to create MVP for Brazilian CBDC

Brazilian exchange Mercado Bitcoin announced its partnership with the Stellar Development Foundation (SDF) on Tuesday. The company said it intends to develop one of the nine projects selected for the LIFT Challenge Real Digital, promoted by the Central Bank of Brazil.

24.05 / 18:03

Adoption regulation Tax Cooperation As Countries Advance Fiscal Cooperation, Higher Taxes Could Come Crypto's Way - Davos

Developed countries from across the world are moving towards increased fiscal cooperation that could lead to tighter taxation of corporations but also of personal assets under the so-called wealth tax, as indicated by the participants of a panel held during this year’s edition of the World Economic Forum in Davos. This development could lead to the tightening of the world’s fiscal regimes on crypto assets and crypto businesses, among others.

24.05 / 16:55

Adoption Africa Bitcoin Central African Republic to launch official crypto hub ‘Sango’

Shortly after approving Bitcoin (BTC) as legal tender in the Central African Republic (CAR), the local government is moving to provide the digital currency infrastructure.

24.05 / 16:21

Adoption coinbase Mainstream Time 500 Coinbase introduces crypto to Fortune 500 while FTX CEO featured in TIME 100

In an industry milestone, cryptocurrency exchange Coinbase has become the first corporation within the crypto and blockchain space to be featured on the prominent Fortune 500 list.

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