Adoption Financial News

09.03 / 04:27

Adoption Tax Bitcoin Bukele El Salvador's Bukele Says 52 Bitcoin Reforms Are ‘In the Oven', Critics Hit Out at Lack of Adoption Benefits

On the six-month anniversary of El Salvador’s adoption of bitcoin (BTC) as legal tender, President Nayib Bukele stated that he will unveil 10 new BTC-specific legal reforms next week – with over 40 more to come.

09.03 / 00:37

business Blockchain Technology Adoption How HAL and Aldrin are helping to keep crypto assets secure during bear markets

Crypto bear markets are known for their downturns and their liquidations for investors who are trading with leverage. On top of that, decentralized finance, or DeFi, projects can become targeted by hacks or suffer rug pulls, leading to enormous losses for investors of their tokens. Now new software seeks to alert investors in real-time about potential risks to their positions.

08.03 / 20:51

Adoption NFT Sport Utility Magic Eden teams up with Overtime to elevate sports NFT utility

Solana nonfungible token, or NFT, marketplace, Magic Eden has announced a partnership collaboration with popular sporting entertainment platform Overtime to launch an NFT collection proposing to enhance fan engagement and exclusive experiences.

08.03 / 19:15

Adoption NFT Women Sandbox The Sandbox partners with World of Women to drive female education and mentorship

The Sandbox (SAND) metaverse announced its partnership with nonfungible token (NFT) community World of Women, or WoW, to launch the WoW Foundation. A $25 million grant fromThe Sandbox will help fund the foundation over the next five years. The mission of the WoW foundation is to amplify female representation in the NFT and metaverse spaces.

08.03 / 16:51

Blockchain Adoption Central Bank The Philippines to launch pilot CBDC implementation

As the world of finance continues to transform, new forms of money are challenging traditional monetary infrastructures that have been around for a long time. Currently, central bank digital currencies (CBDCs) have caught the eye of various countries, including the Philippines.

08.03 / 00:47

Ethereum Adoption Tencent Immutable valuation Immutable raises $200M to invest in blockchain gaming, bringing valuation to $2.5B

Australian NFT trading platform Immutable announced a $200 million Series C funding round led primarily by Singaporean state-owned investment firm Temasek and with participation from Animoca Brands and Tencent. Additional investment from ParaFi Capital, Princeville Capital and Arrington Capital as well as from existing backers King River Capital, Prosus Ventures, AirTree Ventures, Declaration Partners and others have raised Immutable’s valuation to $2.5 billion.

07.03 / 21:31

business Blockchain Ethereum Adoption Blockchain document transfer provider CargoX extends agreement with Egyptian government

CargoX, a blockchain company specializing in document transfer solutions, announced a long-term extension to its agreement with the Egyptian government to digitize the latter's trade flows. Last year, through its 80% owned entity Misr Technology Services (MTS), the Egyptian government integrated CargoX's Blockchain Document Transfer, or BDT, service for its official NAFEZA single-window trade platform. Usage of the system became mandatory in Egyptian ports last October, and handles more than 12,000 transactions per day. BDT is built on the Ethereum (ETH) blockchain.

07.03 / 14:43

cryptocurrency Adoption security Bitcoin Features Crypto Wallet Trends in 2022: More Privacy, Security, Features, and Choice

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07.03 / 13:57

Adoption regulation Banks interview Seba Bank Clear regulations will accelerate crypto adoption, says SEBA Bank exec

With crypto being in the sights of many regulators, many have wondered if regulation is good or bad for crypto. However, Christian Borel, Senior Executive Officer at SEBA Bank, says that if the laws are clear, it may push crypto adoption forward.

06.03 / 20:37

Blockchain Stablecoin Adoption Gold Stablecoins will have to reflect and evolve to live up to their name

In the case of stablecoins, unfortunately, the name is so far a misnomer. The fact that stablecoins are pegged to a “real” asset does not equate to stability. Traditional underlying assets are not exempt from market fluctuations, and with the majority of stablecoins pegged to fiat, they can be just as unstable.

06.03 / 17:33

Blockchain Technology Stablecoin Adoption Non-crypto natives launch social tokens to engage with community and fans

The COVID-19 pandemic, along with other recent events, have revealed the need for a fully digital economy, giving rise to Metaverse ecosystems, Web3 platforms and the adoption of digital currencies.

05.03 / 05:05

Blockchain Technology Adoption The best is yet to come: What’s next for blockchain and the creator economy

After two years and many COVID-19 restrictions finally subsiding, the world is welcoming the return of in-person theater, movies, comedy, music and sports. This has left some wondering what will happen to the legions of digital creatives who occupied and entertained us while normal life was at a standstill — and to the multibillion-dollar economy they inhabit.

04.03 / 10:11

Adoption Funding City-building startup Praxis secures $15M in Series A Funding

Peter Thiel-backed city-building startup Praxis has raised $15 million in Series A funding from a variety of crypto venture firms led by Paradigm Capital, Sam Bankman-Fried's Alameda Research, and Three Arrows Capital.

04.03 / 06:47

Adoption economics Bitcoin Russian crypto volume across major exchanges plunges by 50%

Data from blockchain-analysis firms show that Russian denominated crypto purchasing and trading on major exchanges have faltered, debunking theories that the country will pivot to digital assets to circumvent sanctions.

04.03 / 05:15

Adoption Latin America Asia Survey 75% of investors in emerging markets want more crypto: survey

A recent survey has revealed that a whopping 75% of investors in Asia-Pacific and Latin American emerging markets are looking to increase their exposure to cryptocurrency investments.

04.03 / 04:21

cryptocurrency Adoption Bitcoin Spanish Telecom Behemoth Telefónica Weighs up Crypto Pay Options

The Spanish telecoms giant Telefónica is mulling accepting crypto pay for “some of its services” – although it claims that its crypto projects pertaining to payments are still in the planning stage.

04.03 / 00:35

Blockchain Adoption banking Sygnum Bank set to release soccer-themed sculptures as AST’s

Digital asset institution Sygnum Bank has announced a collaborative partnership with highly-accredited Swiss-born artistic sculptor, David Pflugi to issue 6,000 Art Security Tokens, or ASTs, via his new project, Victory Works.

03.03 / 22:39

Blockchain Adoption Environment IOTA How behavioral tokenomics could facilitate the creation of a circular economy

The Iota Foundation and Imperial College London recently announced the launch of a four-year distributed ledger technology, or DLT, initiative designed to research and develop solutions to foster socially conscious, circular economic models and businesses around servitization.

03.03 / 21:01

Stablecoin Adoption Tether Bitcoin Swiss Swiss City of Lugano Makes Bitcoin, Tether ‘De Facto Legal Tender’

Bitcoin (BTC) and tether (USDT) will become “de facto legal tender” in the southern Swiss city of Lugano, as the city partners with Tether to become the “Bitcoin Capital of Europe,” Tether’s Chief Technology Officer (CTO) Paolo Ardoino said during an event hosted with Lugano city officials on Thursday.

03.03 / 19:05

Adoption Europe Tether Bitcoin Swiss Swiss city of Lugano to pay taxes in crypto via Tether partnership

The city of Lugano, the economic capital of Italian-speaking southern Switzerland, is adopting cryptocurrencies for tax payments as part of a new collaboration with the provider of Tether (USDT) stablecoin.

03.03 / 03:25

CBDC Adoption Central Bank banking Winter Olympics China’s Digital Yuan Set for Local Adoption, Airport, Banking Drives

China’s digital yuan is edging ever closer to a nationwide rollout, with banks, airports, and provinces looking to boost their adoption efforts following last month’s Winter Olympics and ahead of the Paralympic Winter Olympics.

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