Adoption Financial News

02.05 / 16:19

business Blockchain Adoption Crowdfunding DAOs: A blockchain-based replacement for traditional crowdfunding

The crypto space witnessed phenomenal growth in 2021. Buzzwords like nonfungible tokens (NFTs), decentralized finance (DeFi) and the Metaverse broke through to the mainstream and culminated in the crypto market peaking at over $3 trillion in November of 2021.

02.05 / 11:35

Ethereum Adoption Bitcoin Cash Bitcoin 232 Wikipedia Users Force the Online Encyclopedia to Ditch Bitcoin, Ethereum, and BCH Donation Options

The Wikimedia Foundation, the body that operates the user-created web-based encyclopedia Wikipedia, has announced that it will no longer accept crypto donations.

02.05 / 11:19

business Adoption ATM Bitcoin Bitcoin ATM installation slowdown continues for 4th month in 2022

April 2022 marked the fourth consecutive month of a slowdown in the installation of Bitcoin (BTC) ATMs, ever since the slowdown began at the start of the year.

02.05 / 06:45

Adoption Donations Wikipedia foundation crypto donations Wikimedia Foundation shutters BitPay account halting crypto donations

The Wikimedia Foundation, which backs Wikipedia, will shut down its BitPay account and has announced it will stop accepting cryptocurrency donations based on community feedback.

01.05 / 15:21

business Blockchain Adoption community NFTs, DAOs and the importance of roadmaps

this JPEG can have sex with this JPEG and make a new baby JPEG? Say what?” When CryptoPunks started out in 2017, they seemed silly to many. They were just 128 X 128 pixels. Who cares about that? They weren’t really cool until Gary Vee had a mastermind call with influencers and said, “Crypto Punks are going to be huge, go get a bunch of them.” They went in and cornered the market and raised the prices.

01.05 / 12:21

Blockchain Ethereum Adoption Liquidity Future Liquidity has driven DeFi’s growth to date, so what’s the future outlook?

In mid-February 2020, the total value locked within decentralized finance (DeFi) applications first exceeded $1 billion. Fueled by the DeFi summer of 2020, it wouldn’t even take a year before it multiplied 20-fold to reach $20 billion and only another ten months to reach $200 billion. Given the pace of growth so far, it doesn’t seem outlandish to imagine the DeFi markets hitting a trillion dollars within another year or two.

01.05 / 08:19

Government Blockchain Adoption Self-custody, control and identity: How regulators got it wrong

The recent European Union proposal requiring centralized crypto exchanges and custodial wallet providers to collect and verify personal information about self-custodial wallet holders shows the dangers of recycling traditional finance (TradFi) rules and applying them to crypto without appreciating the conceptual differences. We can expect to see more of this as countries look to implement the Financial Action Task Force (FATF) Travel Rule, initially designed for wire transfers, to transfers of crypto assets.

30.04 / 12:17

Blockchain Ethereum Adoption Environment Collectibles Entering NFTs: Understanding the environmental impact of digital collectibles

NFTs have taken pop culture by storm over the past year. On a nearly daily basis, a new celebrity announces their interest in the emerging technology — usually by dropping an NFT collection. From Quentin Tarantino’s Pulp Fiction NFTs to Snoop Dogg’s NFT music label, a wide range of notable names are beginning to realize the creative value that NFTs offer. While celebrity involvement has played a key role in raising mainstream awareness about the array of NFT use cases and investment potential, it has also drawn the ire of some fans.

30.04 / 08:45

business Blockchain Technology Adoption Demystifying the business imperatives of the Metaverse

In a previous article, I discussed the evolution of Web3 economies and current volatility, focusing on the participatory nature of Web3, which is the foundational technology enabling the creator economy.

30.04 / 08:45

business Adoption Europe Bitcoin services Financial Belgian financial regulator FSMA to regulate crypto exchange services

A new rule imposed by Belgium’s financial regulatory agency, the Financial Services and Markets Authority (FSMA), will now require crypto exchanges and custodial wallet services in the region to register within a sharp deadline.

30.04 / 05:33

Blockchain Adoption Bitcoin Crypto Crime Investigations Making crypto conventional by improving crypto crime investigations worldwide

When times are tough — as in the pandemic — enterprising human nature goes into overdrive. People seek out alternative ways to make money. That could be one of the reasons why cryptocurrencies skyrocketed in popularity in the last few years, driven in part by large numbers of people sitting at home wondering how to beat low-interest rates and rising inflation.

30.04 / 00:25

Blockchain CBDC Adoption ECB digital euro Customer ECB, Eurosystem begins experimental prototyping of digital euro customer interface

Progress will continue on the development of the digital euro as the European Central Bank (ECB) and Eurosystem have begun looking for companies to participate in an exercise to prototype customer-facing payments services. Payment service providers, banks and other relevant companies were invited to express interest in the project in an announcement released Thursday.

29.04 / 19:43

Ethereum Adoption Gaming avalanche Low DeFi Transactions at One-Year Low, NFTs and Games Standing Strong

Transactions related to decentralized finance (DeFi) applications have hit a one-year low, with DeFi being the niche within crypto that is most affected by this year’s downturn in crypto prices, a new report from the decentralized application tracking site DappRadar has said.

29.04 / 19:05

Blockchain Adoption Investments Bitcoin Robinhood makes significant strides in crypto business in Q1 despite falling revenue

On April 28, discount-brokerage platform Robinhood published its financial results for the first quarter of 2022. Year-over-year, the firm's net revenue declined by 43% to $299 million. Specifically, revenue from cryptocurrency trading fell by 39% to $54 million during the same period. This was partly due to a decrease in the interest in meme stocks as well as an ongoing cryptocurrency bear market that dominated much of the first three months of the year.

29.04 / 17:07

Adoption Report Metaverse Dapps US crypto adoption remains high despite global inflation fears

A quantitative analytics report published by DappRadar has unveiled a number of revelatory behavioral market indicators for the global adoption of digital assets.

29.04 / 16:09

Blockchain Adoption NFT AIM Turning up the volume: Blockchain projects aim to disrupt the music industry

Music is a tricky business. The industry has its fair share of controversies, from monopolies to the limited earning potential for upcoming artists. While Web2 brought many positive changes, the industry still has a long way. Because of this, projects are trying to utilize blockchain technology to provide new solutions to the age-old music market.

29.04 / 14:35

Adoption Gaming Survey Bitcoin 7 in 10 Retail and Institutional Investors Plan to Buy More Crypto, Bitstamp Survey Finds

Most investors plan to spend more on crypto in the next five years, a new survey has found – with both retail and institutional investors looking to delve further into the sector.

29.04 / 13:09

Adoption Lightning Network Bitcoin Robinhood Opens Crypto Wallets to 2M Clients, Bets on Global Bitcoin Remittances

Earlier this month, the US online trading platform Robinhood provided about 2m customers from its waitlist with crypto wallets, and this week completed the full roll-out of this functionality to all clients, the company said on the occasion of the release of its results for the first quarter of 2022.

29.04 / 10:55

Adoption goldman sachs banking Bitcoin Backed Goldman Sachs Confirms It Granted a Lender a Bitcoin-backed Loan

The American investment banking heavyweight Goldman Sachs has granted a customer a cash loan backed by bitcoin (BTC).

29.04 / 07:55

Blockchain Adoption Digital Currency Residents of 3 Chinese cities paying taxes and charges with digital yuan

Residents in three major Chinese cities have begun paying tax, stamp duty and social security premiums using the country’s central bank digital currency — the digital yuan (e-CNY).

29.04 / 06:29

business Blockchain Adoption VeChain VeChain can be used as payment in 2M stores — and VET bridged to BNB chain

Supply chain blockchain project VeChain has announced a new partnership with crypto payment services, Alchemy Pay that will allow people to use its VET token as payment in over 2 million stores throughout 70 different countries.

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