Adoption Financial News

12.05 / 19:25

Adoption NFT defi regulation Crypto needs regulation but should be done right: Report and database

Regulatory attitudes toward crypto are constantly evolving, often at a slower pace than the crypto industry itself. Institutions and the broader public will not seriously consider working with cryptocurrencies without clear and comprehensive regulation. Furthermore, the industry suffers from widespread scams, phishing and hacks that very often have no legal repercussions. This bolsters the audacity of wrongdoers and augments the image of crypto as an arena for shady characters.

12.05 / 05:07

Government Adoption South America end Chile puts CBDC plans on hold until end of 2022 to undertake more analysis

The Central Bank of Chile has delayed its plans for a central bank digital currency (CBDC) saying the issuance of a digital Chilean peso requires a deeper analysis of the benefits and risks, promising a new report towards the end of the year.

11.05 / 23:03

business Adoption Paxos services Latin America’s largest digital bank will allocate 1% to BTC, offer crypto investment services

Nubank, the largest digital bank in Brazil and Latin America, announced that it has partnered with Paxos to allow the bank's customers to buy, sell and store cryptocurrencies directly through Nubank.

11.05 / 22:05

cryptocurrency Adoption NFT regulation regulatory AMC Calls Crypto Adoption a ‘Massive Home Run,’ but Wary of Regulatory Challenges of Coin Issuance

The American entertainment industry giant AMC Entertainment Holdings has expanded on its crypto and non-fungible token (NFT) plans – claiming that it has “eight different NFT programs that either already have been launched or are in the works,” but adding that it will only press ahead with its plans to issue a cryptoasset of its own if it can stay “on the right side of the law.”

11.05 / 19:35

business Blockchain Stablecoin Adoption LUNA meltdown sparks theories and told-you-sos from crypto community

No matter how hard your day is going, spare a thought for LUNA investors today. Do Kwon, CEO of Terraform labs and 18th on Cointelegraph's Top 100, has lost billions of dollars for their investors.

11.05 / 16:33

business Adoption retail Bitcoin Rising global adoption positions crypto perfectly for use in retail

Even though the cryptocurrency market seems to be going through a bit of a lull at the moment, there’s no denying the fact that the industry has grown from strength to strength over the last few years, especially from an adoption perspective.

11.05 / 16:03

business Adoption Africa Backed Backed by Coinbase and Alameda, African exchange MARA eyes continental prospects

East Africa is set to welcome a new cryptocurrency exchange backed by a formidable list of industry heavyweights looking to tap into a continent full of potential users.

11.05 / 16:03

Ethereum Adoption SEC Bitcoin Industry experts weigh in on SEC hiring more crypto cops

The United States Securities and Exchange Commission (SEC) is seeking to hire more people to focus on digital assets, raising the number of personnel charged with safeguarding investors in cryptocurrency markets by almost twofold.

11.05 / 12:25

business Adoption coinbase Indian Indian central bank’s 'informal pressure' disrupted payments: Coinbase CEO

Just three days after debuting in the Indian market, United States-based crypto exchange Coinbase abruptly stopped using United Payments Interface (UPI), the most popular payment service in the region. Coinbase CEO Brian Armstrong later revealed that the service disruption was due to an “informal pressure” from India’s central bank.

11.05 / 03:09

CBDC Adoption banking Chinese Banks Launch Automatic Digital Yuan-to-Fiat Conversion Tools

Chinese banks are exploring new methods of enabling digital yuan users to earn interest on their central bank digital currency holdings – with “smart management” tools that can detect when funds have been left idle for long periods of time.

10.05 / 23:27

Art Adoption Polygon Europe Belgian Museum Tokenizes Million-Euro Masterpiece to Allow its Fractional Ownership

The Royal Museum of Fine Arts Antwerp (KMSKA) in Belgium is working with two blockchain companies to tokenize Carnaval de Binche, a million-euro painting by Belgian artist James Ensor, to allow everyone to become a “co-owner” of the masterpiece.

10.05 / 19:51

business Blockchain Adoption Bitcoin What are the top social tokens waiting to take off? | Find out now on The Market Report

“The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss the social tokens you should be keeping a close eye on.

10.05 / 17:33

Adoption Central Bank Coronavirus Financial the bahamas Sand Dollar CBDC Could ‘Foster Financial Inclusion’ in the Bahamas - IMF

The Sand Dollar, a central bank digital currency (CBDC) developed by the Bahamas, has the potential to “foster financial inclusion and payment system resilience” in the Caribbean nation, a new report from the International Monetary Fund (IMF) has said.

10.05 / 11:09

Adoption Bitcoin Bukele Warning Bukele Showcases Bitcoin City Plans and ‘Buys the BTC Dip’ Amid Stark Warning

After weeks of silence on all things bitcoin (BTC)-related, El Salvador’s outspoken President Nayib Bukele has taken to Twitter to announce that his government has bought USD 15.4m worth of BTC – and to showcase plans for Bitcoin City. However, voices of opposition are continuing to issue warnings, with a former chief of the central bank hitting out at Bukele’s plans to fund the city’s construction with a bitcoin bond issuance.

10.05 / 06:11

Adoption ETF Investments week crypto ETFs Three new crypto ETFs to begin trading in Australia this week

Australians will soon have more options for spot cryptocurrency exchange-traded funds (ETFs) after a previous hold-up was given the green light this week and new funds entered the ETF market.

10.05 / 03:11

Adoption NFT regulation Japanese Prime Minister Talks up Japan’s Web3, NFT Focus at Investors Summit

The Japanese Prime Minister Fumio Kishida has stated that Web3-related growth – including metaverse and non-fungible token (NFT)-related developments – will be part of the nation’s growth strategy going forward, and called on British business leaders to back his project.

09.05 / 20:49

Blockchain Technology Stablecoin Adoption Compound Treasury receives B- credit rating from S&P Global Ratings

On Monday, decentralized finance, or DeFi, protocol Compound Treasury announced that it received a credit rating of B- from S&P Global Ratings. As told by the team at Compound, this represents the first time a major credit agency has issued a rating for an institutionalized DeFi protocol. The S&P Global Ratings' investment suitability scale ranges from AAA (extremely strong) to D (in default). A score of B- indicates the issuer can meet financial commitments, though vulnerabilities to business, financial, and economic conditions persist.

09.05 / 19:01

Adoption regulation virtual reality Real Estate Largest NFT mint ever: Making sense of Yuga Lab’s ‘virtual’ land bonanza

Last week, 55,000 parcels of “virtual land” were sold on the Ethereum blockchain for more than $300 million, the largest nonfungible token (NFT) mint ever. It wasn’t without controversy.

09.05 / 16:15

business Blockchain Adoption Bitcoin Question of centralization faces growing crypto insurance industry

Cryptocurrency markets have been maturing over the last few years, making demand for crypto insurance solutions larger as more advanced players dip their toes into the nascent ecosystem.

09.05 / 13:11

Blockchain Adoption security Indian Indian central securities depository to back up its monitoring of bonds by blockchain

The National Securities Depository (NSDL), India's central securities depository based in Mumbai, launched blockchain-based security and covenant monitoring platform.

09.05 / 12:55

Adoption Africa Bitcoin Quelle surprise: Central African bank scolds the CAR for Bitcoin adoption

The governor of the Bank of Central African States (Banque des États de l'Afrique Centrale, BEAC) has issued a scathing letter to the Central African Republic (CAR) regarding the country’s adoption of cryptocurrencies.

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