Adoption Financial News
23.03 / 16:35
business
Adoption
Bitcoin
US investment bank Cowen launches dedicated crypto division
Cowen, a major American independent investment bank, has officially launched a dedicated cryptocurrency and digital asset division.
23.03 / 14:35
cryptocurrency
Adoption
Ban
Bitcoin
Crypto Banned as a Payment Method in Thailand, Trading Intact
Thailand has banned the use of cryptocurrencies as a means of payment for goods and services in the country, saying that their use could threaten financial stability and the national economy.
23.03 / 12:51
business
Government
Adoption
Bitcoin
El Salvador postpones Bitcoin bonds to September: Report
The government of El Salvador has reportedly decided to postpone the issue of a Bitcoin (BTC)-backed bond due to the unfavorable market conditions fueled by the geopolitical crisis.
23.03 / 12:51
Blockchain
Adoption
NFT
Indigenous
The dreaming: Indigenous Australians are making an embassy in the Metaverse
One of the world’s oldest living cultures is meeting the world’s newest emerging tech as Indigenous Australians begin to take part in the Metaverse.
23.03 / 12:23
Adoption
Investing
Bitcoin
El Salvador’s Bitcoin Bonds May Be Delayed Until September, Says Finance Chief
El Salvador could push its bitcoin (BTC) bond issuance back as far as September, the nation’s Finance Minister Alejandro Zelaya has admitted – but a more imminent issuance is still on the table.
23.03 / 01:17
cryptocurrency
Adoption
Investing
Survey
Financial
45% of Surveyed US Financial Advisors Expect to Use Crypto Per Clients’ Request
About 45% of surveyed US financial advisors say they expect to use crypto in the future in response to client requests, according to a recent report released by financial research and consulting firm Cerulli Associates. However, 7% declare they currently use such assets based on their own recommendations, and 10% use them due to client requests.
22.03 / 23:53
business
Blockchain
Adoption
Joint Venture
Volvo's parent company establishes blockchain joint venture headquarters in Wuxi, China
On Tuesday, privacy blockchain Concordium and Geely Holding, a Chinese multinational automotive car company that owns brands such as Volvo, announced the creation of a joint blockchain venture headquarters in Wuxi, China. The project aims to develop blockchain technologies and improve blockchain standards, mainly in the automotive industry.
22.03 / 16:49
Adoption
Europe
Work on a Multi-CBDC Platform Has Revealed ‘More Questions Than Answers’ – BIS
The Bank for International Settlements (BIS)'s central bank digital currency (CBDC) project, known as Project Dunbar, has created more questions than answers, the international body said today. However, establishing a global network of connected CBDC platforms still remains a goal for the bank.
22.03 / 15:41
Adoption
defi
Survey
UK investors
Tokens pose lesser risk than gold and oil for UK investors: Survey
A survey on investors across the United Kingdom has revealed a growing interest in the new asset classes that threaten to overshadow traditional finance — driven by factors such as ease of access and an adolescent crypto market.
22.03 / 15:11
Blockchain
Adoption
Africa
Insurance
Lemonade partners with blockchain bigwigs to combat climate change
Insurance company Lemonade has partnered with prominent blockchain companies to form the Lemonade Crypto Climate Coalition (L3C) decentralized autonomous organization (DAO) to protect farmers from climate change by offering blockchain-based insurance.
22.03 / 14:45
Adoption
Sport
Bitcoin
Fight for Bitcoin: Brazilian UFC star to receive fight earnings in BTC
Ultimate Fighting Championship fighter Matheus Nicolau is the latest world-famous athlete to opt to receive his fight earnings in the largest cryptocurrency, Bitcoin (BTC).
22.03 / 12:53
Adoption
Europe
Bitcoin
Panama Eyes Bitcoin & Crypto to Spark Tech Investment
Bitcoin (BTC) and crypto adoption on a state level may soon extend beyond El Salvador, with politicians elsewhere in the Americas – and even one European royal – mulling moves that could see the cryptocurrency brought into their financial systems in some form or other.
22.03 / 08:51
Adoption
Investments
PayPal
Dave
Mobile banking app Dave scores $100M investment from FTX US
On March 21, mobile banking application Dave announced a partnership with FTX US to provide cryptocurrency payments on the platform. It also announced a $100 million investment from FTX Ventures.
22.03 / 00:15
business
Blockchain
Technology
Adoption
Euroclear
Euroclear invests in Fnality to advance digital ledger technology strategy
On Monday, Euroclear, a securities clearing firm that claims it has over 37.6 trillion euros in assets under custody, announced an investment into Fnality, a consortium of financial institutions focused on the regulated adoption of tokenized assets and marketplaces, for an undisclosed amount. Meanwhile, Euroclear is also focusing on developing its distributed ledger technology, or DLT, to settle digital securities against digital cash through the partnership.
21.03 / 21:09
Adoption
Investing
Bitcoin
tracking
‘Developing Economies’ Tracking El Salvador’s Bitcoin Moves with Interest
Conventional financial managers are still skeptical about El Salvador’s prospects of launching a new economic paradigm on the back of a forthcoming bitcoin (BTC) bond issuance. But other nations may be looking to the Central American nation with keen interest – hopeful of following suit if El Salvador’s move to adopt BTC as legal tender last year pays dividends.In a report from the Financial Times, Kevin Daly, a portfolio manager at the investment company Abrdn, was quoted as stating that “much to our surprise,” the Salvadoran finance minister Alejandro Zelaya had “said he had demand for up to USD 1.5bn for the bitcoin bonds” – which will be used to construct a new tax-free haven for international crypto advocates and pioneers.
21.03 / 15:53
cryptocurrency
Adoption
Central Bank
Malaysian Ministry Suggests Making Crypto Legal Tender To Promote It Among Youth
In a bid to enhance the financial inclusion of young people, the Malaysian Ministry of Communications and Multimedia has proposed to the country’s authorities to designate cryptoassets as Malaysia’s legal tender.
21.03 / 13:41
Blockchain
Adoption
education
Bitcoin
Turning losses to wins: How a Ponzi victim became a crypto evangelist
Losing money to a Ponzi scam is not the ideal introduction to the crypto ecosystem. Thankfully, Mark Dave Manansala gave crypto and blockchain a second chance and discovered a new passion.
21.03 / 11:37
Adoption
community
foundation
Voting
Swiss
SushiSwap community proposes Swiss legal structure to limit DAO liability
SushiSwap (SUSHI), a community-led suite of decentralized finance (DeFi) tools, plans to implement a legal structure aimed at mitigating risks for token holders and members of the Sushi protocol.
19.03 / 16:25
Law
Adoption
Investments
Old but gold: Can digital assets become part of Americans’ retirement plans?
On March 11, the United States Department of Labor warned employers that sponsor 401(k) retirement plans to “exercise extreme care” when dealing with cryptocurrencies and other digital assets, even threatening to pay extra legal attention to retirement plans with significant crypto investments.
19.03 / 08:17
Adoption
Europe
European Union
Bitcoin
European ‘MiCA’ regulation on digital assets: Where do we stand?
The proposed European Union Regulation on Markets in Crypto Assets, or MiCA, (hereinafter the “regulation”) was put to a vote in the European Union Parliament’s Committee on Economic and Monetary Affairs on March 14, 2022, and in the end, the proposed amendment to ban or restrict proof-of-work-based crypto assets, which would have effectively resulted in a ban on Bitcoin (BTC), was rejected.
19.03 / 05:19
Blockchain
Technology
Adoption
Health
Real health benefits will come when medicine and the Metaverse collide
The world is becoming more connected as cryptocurrency, blockchain, nonfungible token projects, the Metaverse and other online communities gain popularity. However, we’re also seeing rates of depression and feelings of isolation and loneliness skyrocket. This development is certainly not causal, but it is something to consider as younger generations become more involved in virtual spaces. The global COVID-19 pandemic has exacerbated a national mental health crisis. Mental Health America reported that 47.1 million people in the U.S. are living with a mental health condition. That’s one in five Americans, folks.
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