Adoption Financial News

01.02 / 11:51

Blockchain Adoption Central Bank India to introduce 30% crypto tax, digital rupee CBDC by 2022-23

In a speech discussing the budget for 2022, Indian finance minister Nirmala Sitharaman announced the launch of a central bank digital currency (CBDC) by 2022-23 as means to boost the country’s economic growth.

01.02 / 08:05

Stablecoin Adoption Tether Usd Coin USDC stablecoin Circle's USDC stablecoin gobbles Tether's market share with 50B milestone

The world’s second-largest stablecoin by market capitalization keeps on growing as it erodes the dominance of the current leader, Tether.

01.02 / 00:33

business Blockchain Adoption Bitcoin network Report: Bitcoin mining network accounts for 0.08% of world's CO2 production

In a new report published by CoinShares on Monday, the firm estimated that the Bitcoin (BTC) mining network emitted 42 megatons, or Mt, (1Mt = 1 million tons) of carbon dioxide, or CO2, in 2021. In context, the number amounts to less than 0.08% of the world's total emissions of 49,360 Mts of CO2 in the same year. CoinShares came to such figures using a variety of estimates regarding the efficiency of the Bitcoin network, its energy use, hardware, etc., on a global scale. As a result, it may not reflect the actual CO2 emission of the network. But the report's estimate of worldwide CO2 emission is mainly in-line with industry figures.

31.01 / 22:07

business Blockchain Adoption ETF VanEck launches its first multi-token cryptocurrency fund

On Monday, VanEck, a financial institution with close to $82 billion in assets under management with exchange-traded funds, or ETFs, mutual funds, and institutional accounts, announced the launch of its first cryptocurrency fund. The fund is listed as an exchange-traded note, or ETN, on the Deutsche Borse Xetra and SIX Swiss Exchanges with exposure to Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT), Solana (SOL), Tron, Avalanche (AVAX), and Polygon (MATIC).

31.01 / 18:03

business Adoption Sport Turkish blockchain company opens regional crypto exchanges in globalization bid

Turkish blockchain provider Bitci seeks to establish local crypto exchanges in Brazil and Spain in a bid to lure local crypto investors.

31.01 / 15:31

Government Adoption Bitcoin El Salvador president predicts ‘gigantic price increase’ for Bitcoin

Salvadoran President Nayib Bukele has made yet another bullish Bitcoin prediction soon after the International Monetary Fund urged his government to remove Bitcoin’s status as legal tender.

30.01 / 14:33

business Blockchain Adoption Pilots China pilots nationwide blockchain development over real-world use cases

The Cyberspace Administration of China (CAC) announced the commencement of an in-house effort to expedite blockchain development and innovation across 15 zones and 164 entities.

29.01 / 20:47

Blockchain Technology Adoption The Metaverse will change the live music experience, but will it be decentralized?

As the two-year anniversary of the global COVID-19 pandemic begins to hurtle toward us, we are no closer to knowing when our social lives will return to normal or what will the new normal be. The effect this has had on businesses like nightclubs, music venues and musicians have been immeasurable. With crowded in-person events either made impossible — or far more difficult and laborious — at many points over the last two years, changes to the industry that were already set in motion have been accelerated. Namely, the music industry’s adoption of digital instruments, among others and, increasingly, the Metaverse.

29.01 / 18:03

business Stablecoin Adoption PayPal PayPal stablecoin: What it could mean for payments

PayPal confirmed on Jan. 8 it is “exploring a stablecoin” that could be called PayPal Coin after a developer found evidence of such a stablecoin within the source code of the company’s iPhone app.

29.01 / 10:13

business Blockchain Technology Adoption How can the Metaverse help the food industry?

Cryptocurrencies and the food industry might not seem like the most intuitive pairing — one based in the digital realm and the other firmly rooted in the physical. But going back to the earliest days of crypto, the very first real-world use case for Bitcoin (BTC) was food-related. On May 22, 2010, Laszlo Hanyecz enacted the first documented commercial BTC transaction, buying two Papa John’s pizzas for the princely sum of 10,000 BTC.

29.01 / 05:43

Blockchain Technology Adoption Internet innovations Web3 innovations are replacing middlemen with middleware protocols

Cryptocurrencies and the wider blockchain ecosystem are helping change the status quo of how we conduct our day-to-day lives. With these emerging technologies, Web3 is being ushered in as a permissionless and open innovation using middleware blockchain protocols. By doing so, they’re replacing middlemen software-as-a-service (SaaS) companies by capturing value at a greater level.

29.01 / 04:15

CBDC Adoption Central Bank retail Winter Olympics ‘All Winter Olympics Merchants Now Accept Digital Yuan,’ Say Chinese Banks

The Chinese central bank, the People’s Bank of China (PBoC), is gearing up for what will be the biggest week yet for its digital yuan. And while the token remains officially in its pilot phase, it will be showcased to the world next week as the Winter Olympics begin. Domestic adoption plans will also go into overdrive – as the nation celebrates the Lunar New Year.

29.01 / 00:59

business Blockchain Adoption Fitch says proposed Russia crypto ban eases risks but curbs innovation

On Friday, credit rating agency Fitch published a research piece about Russia's proposed ban on cryptocurrencies. Although the report agreed with the Central Bank of Russia's (CBR) position that the ban would limit its financial system's exposure to risks, it also cautioned that such a proposal could "hold back the diffusion of technologies that could improve productivity."

28.01 / 22:33

business Adoption ETF SEC Fidelity seeks approval for 2 more crypto-metaverse ETFs

Fidelity Investments appeared undeterred by the U.S. Securities and Exchange Commission's, or SEC's, rejection of its Wise Origin Bitcoin Trust spot ETF on Thursday. Following the setback, the company filed two more prospectuses involving crypto-metaverse ETFs for regulatory approval. The proposals are titled are the Fidelity Crypto Industry and Digital Payments ETF and the Fidelity Metaverse ETF respectively. In rejecting the Wise Origin Bitcoin ETF, the SEC cited the exchange listing the ETF, the Cboe BZX, does not have a proper "surveillance-sharing agreement with markets trading" to prevent fraud and protect investor interests.

28.01 / 17:39

business Law Adoption Staying cool: Is crypto snowballing to 1 billion users this year?

Crypto.com raised a few eyebrows this past week when it announced cryptocurrency users worldwide could reach 1 billion by the end of 2022.

28.01 / 14:31

Adoption regulation Japanese Ruling Party Launches NFT Task Force, Eyes New Growth in the Sector

Japan may be edging toward regulating non-fungible tokens (NFTs) – after the ruling Liberal Democratic Party, which has been in power since 1955, launched an NFT policy task force.

28.01 / 11:27

Stablecoin Adoption goldman sachs Bitcoin boost Goldman Sachs Claims Adoption Won’t Boost Crypto Prices, Talks Down Stablecoin Plans

Goldman Sachs has warned crypto buyers that increased token adoption will no longer drive up prices, and that macroeconomic factors are now exerting a greater influence on the markets. And the firm appears to have tempered its interest in launching a stablecoin.

28.01 / 08:13

business Adoption Apple Apple stock jumps after CEO reveals it's investing in the Metaverse

Apple's stock price jumped in after hours trading after CEO Tim Cook said during the company’s Q1 2022 earnings call that he sees considerable potential in the Metaverse space.

28.01 / 07:13

Adoption Web3 Metaverse DAO Doge Temple creator says the Metaverse is out, the Microverse is in

According to the founder and CEO of virtual party platform Party.Space, niche “Microverse experiences” will be the future of the Metaverse.

28.01 / 07:13

Adoption regulation UK government Disgraced MP tells Parliament UK can be the 'home' of crypto

The former Secretary of State for Health and Social Care and current U.K. Member of Parliament (MP) Matt Hancock urged the House of Commons to make England the “home” of crypto.

28.01 / 01:17

Blockchain Technology Adoption Cardano network NOT Cardano network at record capacity due to SundaeSwap launch, but not all users hail it as a success

According to both Cardano Blockchain Insight and pool.pm, the Cardano (ADA) network has maintained record capacity for nearly two weeks due to the launch of decentralized exchange, or DEX, SundaeSwap, the first of its kind to go live on Cardano. At the same time, the total value locked for the ADA blockchain reached a record of approximately $80 million, despite the recent fall in the token's price from the ongoing down market.

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