Adoption Financial News

03.02 / 17:26

Blockchain Ethereum Adoption Bitcoin Time Web3 developer growth hits an all-time high as ecosystem matures

“Web3” may be one of the biggest buzzwords of 2022, but the idea of creating an entirely decentralized platform to host decentralized applications has long been a vision of the crypto community. While it’s notable that some blockchain companies began building out Web3 applications four or five years ago, the Web3 space has only started gaining traction recently.

03.02 / 13:53

Adoption Charity Donations Bitcoin crypto donations Crypto donations jumped nearly 16x in 2021, new report says

2021 was not just the year of institutionalization of crypto and new all-time highs; it also turned out to be the biggest year for crypto philanthropy.

03.02 / 12:29

Adoption education Bitcoin boost Bitcoin education center launches in El Salvador to boost adoption

Major peer-to-peer (P2P) Bitcoin (BTC) platform Paxful is working to help Salvadorans better use BTC as the cryptocurrency became legal tender in El Salvador last year.

03.02 / 07:25

Government Adoption regulation ‘Philly is ready’ for CityCoins says city council

Philadelphia is on the cusp of following in the footsteps of Miami, Austin and New York City by partnering with CityCoins to develop a crypto for the city of Brotherly Love.

03.02 / 05:13

Blockchain Adoption identity banking Woori Bank to Accept Blockchain-based Driving Permits as Form of Authentication

The South Korean financial giant Woori Bank has become the first commercial bank in the nation to start accepting blockchain-powered driver’s licenses as an official form of authentication.

02.02 / 22:15

markets Adoption Bitcoin Financial Cryptocurrencies are the “new frontier” says financial researcher

In an exclusive television interview with Fox Business on Wednesday, JMP Securities director of financial technology research, Devin Ryan spoke candidly on a range of topics within the cryptocurrency industry. This included the macroscopic regulation amid the impending expectations of a White House policy framework, states within the United States accepting Bitcoin as legal tender as well as the vast potential for consumer adoption in the coming year.

02.02 / 17:13

Adoption Bitcoin Russian region struggles to keep up with Bitcoin mining energy demands

As cryptocurrency mining activity grows increasingly common in Russia, one local region is struggling to maintain power stability amid massive inflows of new crypto mining operations.

02.02 / 16:09

Adoption wallet Bitcoin El Salvador Turns to the US-based AlphaPoint in Bid to Bolster its Chivo Bitcoin App

The Salvadoran government is attempting to reboot its Chivo bitcoin (BTC) app and wallet – by teaming up with the USA-based crypto firm AlphaPoint.

02.02 / 15:33

Blockchain Adoption Google Metaverse services Alphabet exploring blockchain technology for flagship services

Google has started researching blockchain and how it may benefit Web 3.0 technology.

02.02 / 13:32

Government Adoption Gemini Bitcoin tax evasion Colombia clamps down on crypto tax evasion as adoption thrives

Down in Bogotá, cryptocurrency adoption is raging on. Colombia’s tax authority, the DIAN, (Dirección de Impuestos y Aduanas Nacionales de Colombia) has begun to catch up. It seeks to take “special measures” to crack the whip on cryptocurrency tax avoiders.

02.02 / 11:51

cryptocurrency Adoption economics Bitcoin Another Case for Bitcoin as Lebanon Reportedly Targets Depositors’ Fiat

Lebanon allegedly plans to forcibly convert foreign currency holdings to its floundering pound (LBP), once again building a case for Bitcoin (BTC).

02.02 / 07:53

Adoption NFT Tezos Tezos transactions and smart contract activity surge on NFT demand

The Tezos network has seen impressive growth over the past 12 months in smart contract addresses and general adoption, primarily driven by non-fungible tokens (NFTs).

02.02 / 07:33

Adoption Latin America Bitcoin 500 El Salvador relaunches Chivo wallet, plans to deploy 1,500 Bitcoin ATMs

El Salvador, the first country to adopt Bitcoin (BTC) as a legal tender, has relaunched its in-house Chivo wallet to address the existing challenges of BTC transfers locally. With AlphaPoint integration, the updated Chivo wallet is expected to carry out instantaneous low-fee Bitcoin transactions while fixing concerns related to stability and scalability.

02.02 / 02:27

markets Adoption defi Polygon 3 reasons why QuickSwap (QUICK) price spiked by 50%

Decentralized finance (DeFi) and the control it gives users over their assets is one of the most applicable sectors of the cryptocurrency ecosystem, but the general public is still hesitant to interact with most DeFi products due to the steep learning curve and the possibility of losing funds.

02.02 / 00:13

CBDC Adoption Central Bank Year of the Tiger May Be the Year of the Digital Yuan as China Celebrates with More CBDC Adoption

For millions of Chinese people living in the “10+1” pilot cities trialing the digital yuan, the Year of the Tiger is off to a lucrative start, with companies on an adoption drive that is seeing them slash prices for digital CNY customers, give away tokens and more.

01.02 / 23:01

Blockchain Technology Ethereum Adoption Cross-Chain First cross-chain governance proposal passes on Aave

On Monday, the first cross-chain governance proposal passed on decentralized finance, or DeFi, borrowing and lending platform Aave. According to DeFi Llama, the amount of total value locked on Aave is approximately $12 billion. As told by its developers, an executed proposal on Aave, which is built on the Ethereum (ETH) network, was sent to the Polygon (MATIC) FxPortal. The mechanism then reads the Ethereum data and passes it for validation on the Polygon network.

01.02 / 18:58

Blockchain Adoption privacy Smartphone Blockchain-based decentralized messengers: A privacy pipedream?

As people all over the globe have become increasingly aware of their privacy rights and how they are constantly being violated by various prominent social media platforms, the need for tangible, decentralized alternatives has continued to grow rapidly.

01.02 / 17:45

business Adoption SEC Bitcoin MicroStrategy buys the dip by purchasing 660 Bitcoin for $25M

Major Bitcoin (BTC) investor MicroStrategy has announced another major BTC purchase during a market dip to collect a total of 125,051 BTC as of Monday.

01.02 / 16:19

Blockchain Adoption Metaverse patents Meta joins patent alliance, pledges free crypto patents for all

The Crypto Open Patent Alliance (COPA) has welcomed Meta as a member, with the social media giants vowing to make its core crypto patents accessible to all.

01.02 / 12:57

Adoption Taxes Bitcoin Thailand scraps 15% crypto capital gains tax following public backlash

Thailand has decided to suspend the implementation of its 15% cryptocurrency capital gains tax for now. The proposal, which was presented earlier this year, triggered a lot of opposition, but it appears that some sort of crypto tax will still be implemented.

01.02 / 12:57

Adoption Artists Instagram Kanye West says no to NFTs

Kanye West won’t be purchasing a Bored Ape Yacht Club nonfungible token (NFT) any time soon.

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