Adoption Financial News

20.04 / 20:21

Blockchain Adoption Blockchain Game Blockchain games are leading the dapp industry, says latest DappRadar report

Market tracker DappRadar and the Blockchain Game Alliance, or BGA, published the Blockchain Games Report for Q1 2022 on Wednesday. After citing that $720 million was invested into blockchain games and infrastructures in February in a previous report, the latest number for total Q1 investment is $2.5 billion. VCs and other investors raised $4 billion in 2021.

20.04 / 18:39

business Technology Adoption Developers The metaverse puts the digital asset interoperability challenge on steroids

In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance and blockchain space, as well as their roles in shaping the economy of the 21st century.

20.04 / 17:25

Blockchain Adoption Polygon Gaming Sky Mavis Blockchain Gaming Skyrockets 2,000% in One Year, Axie Infinity in Downtrend - Report

On average, blockchain-powered games attracted 1.22m daily unique active wallets (UAWs) this past March, or 2,000% more than a year ago, per dapp (decentralized app) market data provider DappRadar.

20.04 / 16:05

business Blockchain Adoption Ukrainian crypto and blockchain firms survive despite ongoing conflict

Many Ukraine-based businesses have had to shutter or suspend operations following the outbreak of the conflict with Russia on Feb. 24, but some in the cryptocurrency space have been able to keep running, albeit with many staff in bomb shelters, scattered across the world and facing an uncertain future.

20.04 / 13:13

Adoption Bitcoin 3.6M Americans to use crypto to make a purchase in 2022, research firm predicts

The number of adults in the United States who will use crypto to make purchases in 2022 will increase to 3.6 million, according to a research firm.

20.04 / 12:33

business Adoption Binance.US awarded money transmitter license in Puerto Rico

Puerto Rico becomes the fourth jurisdiction in America to grant a money transmitter license to Binance.US, the American arm of the crypto exchange Binance. Other states that issued operational licenses to Binance.US include Wyoming, Connecticut and West Virginia.

20.04 / 11:23

cryptocurrency Adoption regulation Bitcoin financial stability Financial Financial Stability Board, IMF Warn of ‘Cryptoization’ Risks in Wake of Russia-Ukraine War

The Basel-based Financial Stability Board (FSB) has echoed sentiments expressed by the International Monetary Fund (IMF), with both bodies warning that in the wake of the war in Ukraine, an “acceleration of cryptoization in emerging markets” could be on the cards.

20.04 / 06:55

Blockchain Adoption Monero Ransomware 500 Monero crypto of choice as ransomware ‘double extortion’ attacks increase 500%

A new report by blockchain analytics firm CipherTrace highlights the growing role that privacy-focused cryptocurrencies such as Monero are playing in the rising tide of ransomware.

20.04 / 04:51

cryptocurrency Adoption Career More Big-hitting South Korean Non-crypto Firms Eyeing Token Launches

Yet more big-hitting South Korean companies from outside the crypto sector are beginning to branch out into crypto-related business – with the e-commerce giant TMon and the KOSDAQ-listed hotel chain Ananti making moves on the token issuance front.

20.04 / 02:15

CBDC Adoption International NOT Ex-Chinese Central Bank Chief Says Digital Yuan Not Intended for International Trade

The former governor of the central People’s Bank of China (PBoC) has reiterated claims that the forthcoming digital yuan has been designed primarily for retail use by domestic and even international users – not for cross-border trade purposes.

19.04 / 22:25

cryptocurrency Adoption Central Bank Quantum Simulations Predict that Merchant Crypto Adoption Could Spread in 'Cliques'

Quantum computer simulations conducted by researchers at quantum computing startup Multiverse Computing and the Bank of Canada have shown that crypto adoption among merchants can spread in “cliques of firms”, as individual firms generally base decisions on what their partners do.

19.04 / 20:05

business Blockchain Adoption Banks Silvergate Bank revenue soar in Q1 as institutional crypto trading activity falls

On Tuesday, Silvergate Bank, a crypto-fiat gateway network designed for financial institutions, announced its results for the first quarter of 2022. During this period, its revenue and net income grew by 93% and 94% year over year, respectively, to $59.9 million and $24.7 million. The company is most notable for its Silvergate Exchange Network, or SEN, which facilitates U.S. dollar and euro transfers between cryptocurrency exchanges and institutional investors.

19.04 / 16:21

Blockchain Adoption Telegram Africa Four years on, Telegram’s blockchain project gains ground in Africa

It was 2018 when privacy-focused messaging platform Telegram announced that it was in the process of building a blockchain-based decentralized computer network technology called The Open Network (TON).

19.04 / 16:01

Blockchain Adoption Environment Chainlink energy transition clean energy Blockchain and oracles can help clean energy transition, study claims

New dynamics in the energy sector are compelling providers to shift to sustainable and clean energy to combat climate change. While many challenges accompany the clean energy transition, a report claims that blockchain has the potential to help the industry achieve its climate action goals.

19.04 / 11:13

Blockchain Adoption Funding Indian Support Crypto exchange CoinDCX raises $135M funding to support Indian Web3

Crypto exchange CoinDCX became India’s first crypto business to complete a Series D funding round, raising $135 million in support of various Web3 and crypto initiatives in the country.

19.04 / 03:05

Blockchain cryptocurrency Adoption Gaming Sky Mavis Final Fantasy Developer Braves Wrath of Gamers with Blockchain Gaming Statements

Square Enix, the Tokyo Stock Exchange-listed gaming giant and the firm behind the Final Fantasy and Dragon Quest games, has said that focusing on traditional forms of games would be “not be enough” for the company in the future – hinting that user-created content such as non-fungible tokens (NFTs) and play-to-earn crypto titles could ensure that the firm continues to grow.

18.04 / 22:33

business Adoption CFTC SEC regulatory Self-Regulatory Organizations Growing Alongside New U.S. Crypto Regulation

As the adoption of crypto takes off, the industry is exerting increasing influence on American society. This can be seen in its lobbying efforts and political action committees, for example, and in its own organizational efforts, such as business associations that promote it at the state, regional and national levels. Another way crypto is influencing society is through self-regulation.

18.04 / 21:19

business Blockchain Technology Adoption Monero community reaches consensus for July hard fork

As told by Monero (XMR) developers over the weekend, on July 16, the Monero network passed a community consensus to initiate a mainnet hard fork at block height 2,668,888. The popular privacy coin's hard fork will include increasing the chain's ring size from 11 to 16, adding view tags to outputs to reduce wallet scanning time, introducing bulletproofs and implementing fee changes.

18.04 / 20:23

business Adoption regulation Backed Kevin O’Leary-backed WonderFi to acquire Canadian crypto exchange Coinberry for $38.5M

WonderFi Technologies, a decentralized finance (DeFi) platform, plans to continue its expansion in Canada by purchasing the Coinberry crypto exchange for $38 million. The platform will be the second regulated crypto exchange under WonderFi once the acquisition is finalized.

18.04 / 19:51

business Blockchain Adoption Bitcoin What is driving institutions to invest in crypto? BlockFi's David Olsson explains

In an interview with Cointelegraph reporter Joe Hall on April 12, David Olsson, global head of institutional distribution at BlockFi, shared his insight on the state of institutional adoption of cryptocurrencies. BlockFi is a financial services company that offers retail wealth management products such as crypto-backed loans, interest accounts, Bitcoin (BTC) rewards credit cards, etc. Meanwhile, for institutional investors, BlockFi's proprietary platform provides financing for capital efficiency, the ability to borrow coins for hedging and shorting, and institutional-grade trading infrastructure.

18.04 / 19:27

Adoption Altcoin Cointelegraph Consulting play-to-earn play Move-to-earn: An active play-to-earn offshoot

Play-to-earn (P2E) games continue to dominate the crypto industry as more than half of the active wallets tracked by Dappradar have connected to blockchain-based games in the first quarter of 2022. Games like Axie Infinity — even with last month’s catastrophic Ronin bridge hack — Pegaxy, Alien Worlds and others continue to put up millions of dollars in trading volume in the previous 30 days.

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