Adoption Financial News

19.03 / 00:37

business Blockchain Adoption Binance Time Binance tells regulators it will cease operations in Ontario... for real this time

Binance confirmed in an undertaking to the Ontario Securities Commission, or OSC, in Canada dated Wednesday that the crypto exchange will cease activities involving Ontario residents. Binance will also stop opening new Ontario accounts, and provide fee waivers and reimbursements to certain Ontario users under the administration of a third party, the company said.

19.03 / 00:07

cryptocurrency Adoption Sport Tax Spanish Crypto Adoption Increases, But Tax ‘Chaos’ Looms

Crypto adoption appears to be on the rise in Spain – but as tax season approaches, some have warned that failure to comply with the Treasury’s tax-related rulings could prove costly for newer and more seasoned Spanish crypto investors alike.

18.03 / 21:13

Adoption Payments banking Russia Tries to Replace Apple Pay and Google Pay with Gazprom Pay

Russian banks are continuing to ramp up the range of services they provide in a bid to continue providing their services outside the global banking networks they have been frozen out of after Russia invaded Ukraine.

18.03 / 12:37

business Adoption Bitcoin Miners that hodl the most Bitcoin are ‘relentlessly expanding’

Bitcoin (BTC) miners are holding more and more Bitcoin while “relentlessly expanding” their operations in 2022.

18.03 / 11:37

cryptocurrency Adoption Bitcoin Financial Sberbank, Others Granted Right to ‘Issue & Exchange’ ‘Digital Financial Assets’ in Russia

Russian regulators appear to be fast-tracking domestic companies’ efforts to become home-grown token exchanges – with the Central Bank approving the banking and IT giant Sberbank’s application to become an official “digital financial assets” (DFA) issuer.

17.03 / 17:25

Adoption privacy security Investment data privacy Worldcoin Pulls Out Of Numerous Countries Amid Data Privacy Concerns, Technological Challenges

Major crypto exchange Coinbase-backed startup Worldcoin has decided to stop operations in at least seven countries as a result of intensifying logistics challenges that are impacting the company’s launch plans.

17.03 / 16:45

cryptocurrency Adoption Crime Senators Ex-Regulator Tells US Senators That Crypto Can ‘Empower and Protect the Innocent’

United States Senators will hear testimony today on crypto and its role in the world of crime – but a former senior regulator has warned that politicians coming down too hard on the crypto sector risked throwing out the baby with the bathwater.

17.03 / 14:45

Blockchain Adoption Lightning Network Bitcoin The Internet of Beer: Robotics startup taps Bitcoin to deliver automated beverage

Pubinno, a San Francisco-based technology firm that creates the "Internet of Beer" with artificial intelligence, robotics and cloud computing platforms, has now integrated Bitcoin (BTC) payment infrastructure into its system.

17.03 / 14:19

Blockchain Adoption DEX interview DeFi to reach mass adoption via institutional participation, DEX founder says

While decentralized finance (DeFi) token prices may be going down, new forms of utility like liquid staking are on the rise and some believe that more people may be drawn to DeFi as more institutions jump into the fray.

17.03 / 11:15

Adoption defi Aave Decentralization Aussie fintech to offer mainstream direct access to DeFi with a fixed rate

Australian fintech company, Block Earner, has officially gone live, offering everyday investors a 7% fixed rate investment product by utilizing decentralized finance (DeFi) technology.

17.03 / 10:31

Adoption NFT Gaming Time Blockchain gamers see playing NFT games as a potential full-time job, says new survey

Despite the fall of nonfungible token (NFT) prices, play-to-earn NFT gaming carries on as more people see it as a potential way to make a living.

17.03 / 04:31

Adoption SEC Congress Congress members concerned SEC stifling innovation with crypto scrutiny

In a bipartisan letter put forward by Republican Minnesota Congressman Tom Emmer, a cohort of Congress members has written to Securities and Exchange Commission (SEC) Chairman Gary Gensler, challenging the regulator's scrutiny of cryptocurrency firms and expressing concern that “overburdensome” investigation may be suffocating the crypto industry.

17.03 / 02:41

Blockchain Adoption Event Recap Power Run-DMC's McDaniels at SXSW: Blockchain can take the power back for artists

Cointelegraph’s senior reporter, Rachel Wolfson visited South by Southwest (SXSW) — a ten-day annual technology, film and music festival based in Austin, Texas — to connect with, and interview, a melting pot of pioneers, luminaries, and enthusiasts from the crypto, blockchain and Web3 industries.

17.03 / 00:09

Blockchain Ethereum Adoption Snoop Dogg may be the face of Web3 and NFTs, but what does that mean for the industry?

Described by many users and outsiders as the Wild West, Web3 is open-source and decentralized, and it has been prompting many to look for ways to profit from its features, especially with the growing Metaverse.

16.03 / 22:03

Blockchain Technology Stablecoin Adoption 'Millionaire' stablecoin wallet addresses surpass 12 million

According to data compiled by Coin Metrics, the number of stablecoin wallet addresses with account balances over an equivalent $1 million USD has recently surpassed 12 million — up from 4 million one year ago. The stablecoins counted in the analysis include Tether ERC-20 (USDT), Tether TRC-20, Binance USD, DAI, GUSD, HUSD, PAX, and USD Coin (USDC).

16.03 / 19:33

Blockchain Technology Adoption Coinbase enables users to fund wallets from Chrome browser extension

On Wednesday, Coinbase launched a new feature, dubbed "Coinbase Pay," that enables its clients to fund their Coinbase Wallets directly from a Chrome browser extension. According to its staff, Coinbase Pay intends to make it intuitive for anyone to participate in decentralized finance, or DeFi, swap tokens on decentralized exchanges, or DEXs, and purchase nonfungible tokens, or NFTs, in just a few clicks. Specifically, they wrote:

16.03 / 13:23

business Adoption Reddit Job Crypto startup employee quits after realizing telltale signs of failure

The startup ecosystem has historically played a vital role in shaping the crypto community into an almost $2 trillion industry. However, numerous players bank on this notion to consistently overpromise and underdeliver the big WAGMI dream.

16.03 / 11:35

Adoption NFT Instagram Meta Ceo NFTs Coming to Instagram in ‘Several Months’ as Metaverse is 'Next Chapter of the Internet' - Zuckerberg

Meta-owned major photo and video social network Instagram might start supporting “some” NFTs “over the next several months,” according to multiple reports, citing Meta CEO Mark Zuckerberg. He also stressed the importance of the metaverse for his company.

16.03 / 09:51

Adoption NFT Women NFTs liberate imagination: The gender gap that needs to be addressed

Nonfungible tokens (NFTs) have received a lot of media attention, but experts agree that their impact will go beyond selling digital artwork or tweets and alter how people communicate ideas forever.

16.03 / 04:19

Blockchain Adoption Gaming South Korean Gaming Firms Looking to Emulate Axie Infinity P2E Crypto Gaming Success

South Korean video game giants want to carve out a slice of the increasingly lucrative play-to-earn (P2E) crypto gaming pie – with heavyweight Neowiz set to drop a new crypto golf gaming title.

15.03 / 20:49

business Blockchain Ethereum Adoption valuation ConsenSys raises $450M in Series D funding, doubles valuation in four months

On Tuesday, ConsenSys, the leading Ethereum and decentralized protocols software company with product suites such as MetaMask, Infura and Truffle, announced the close of a $450-million Series D funding round led by ParaFi Capital. Notable new investors included Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures and C Ventures. The deal more than doubles its valuation since the firm’s $200-million Series C raise in November 2021.

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