Adoption Financial News

28.01 / 01:17

Blockchain Technology Ethereum Adoption Vitalik Buterin suggests making NFTs 'soulbound' like World of Warcraft items

In a blog post published Wednesday, Vitalik Buterin, co-founder of Ethereum (ETH), expressed his wishes to make nonfungible tokens, or NFTs, soulbound as with the namesake item class in popular MMORPG World of Warcraft, or WoW. In outlining his reasons, Buterin explained that if someone shows they own an NFT that is obtainable by doing X, such as attending an auction, it is not possible to tell if the person actually obtained it from the auction themselves in attendance or simply bought the NFT via the secondary market.

28.01 / 01:17

business Blockchain Stablecoin Adoption Terra Luna Borrowing reserves Anchor protocol's reserves head toward depletion due to lack of borrowing demand

Anchor, the flagship savings protocol of the Terra Luna (LUNA) ecosystem, has seen its reserves decline by 35.7% in the past seven days, according to Terra.Engineer. Since the beginning of December, the amount of Terra USD Stablecoin (UST) held in the "terra1tmnqgvg567ypvsvk6rwsga3srp7e3lg6u0elp8" smart contract has declined by over 50%, with only $35.7 million remaining.

28.01 / 00:37

Blockchain Technology Adoption Gaming Sky Mavis Axie Infinity devs release governance token for Ronin Blockchain to mixed player response

On Thursday, Sky Mavis, the creator of the monster-battle game, Axie Infinity, released its much-anticipated RON governance token. The token is based on its Ethereum (ETH) sidechain Ronin Network. Its purpose includes paying for transactions on Ronin, staking and participating in community proposals.

27.01 / 21:27

Adoption Amazon economics Bitcoin services Changes in Crypto Lending, Investors Bet on Crypto Tax Services, NASA vs. NFTs + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

27.01 / 20:03

Ethereum Adoption Developers transactions Ethereum failing to target core Web 3 issues, says NEAR co-founder

Illia Polosukhin, the co-founder of NEAR protocol, thinks Ethereum development has a focus problem. He says engineers should be fixing crucial issues that will enable Web 3 to scale to billions of users.

27.01 / 18:03

Blockchain Adoption Bitcoin Around El Salvador in 45 days: A Bitcoin-only travel story

El Salvador adopted Bitcoin (BTC) as legal tender over four months ago on Sept. 7, 2021. Bitcoiners around the world have been watching with intent as the president of El Salvador, Nayib Bukele, attempts to “orange-pill” an entire nation.

27.01 / 16:07

business Blockchain Technology Adoption zkSync BitDAO launches $200M zkDAO to advance Ethereum scaling via zkSync

On Thursday, a proposal to fund decentralized autonomous organization zkDAO passed via treasury protocol BitDAO with close to 200 million votes cast. The proposal was authored by Matter Labs — the organization behind Ethereum scaling protocol zkSync — and Mirana Ventures.

27.01 / 14:49

Adoption Social Media coinbase Reddit Coinbase Gives Preview Of Its NFT Platform, Reddit Tests NFT Profile Pic Feature

In anticipation of the official launch of their non-fungible token (NFT) platform, major crypto exchange Coinbase has shared a preview of the forthcoming product.

27.01 / 03:07

Blockchain Adoption Investments Sandbox The Sandbox announces $50M fund for its startup accelerator program

Virtual world project The Sandbox announced its metaverse accelerator program that will push the development of the open metaverse by investing $50 million in startups. The Animoca Brands subsidiary is partnering with the venture accelerator firm Brinc to target 30 to 40 blockchain startups a year for the program.

27.01 / 01:23

Adoption IMF Bitcoin Cryptoverse Laughs Off IMF Bitcoin Threats to El Salvador With Memes, BTC Rises

The International Monetary Fund (IMF) has told El Salvador to water down the law enforced last year that made bitcoin (BTC) legal tender – and the country’s President Nayib Bukele has responded with a dismissive Twitter meme using footage from the TV show “The Simpsons.”

26.01 / 19:41

Adoption Bitcoin Putin Talks up Russia’s Crypto Credentials as Ukraine Tension Mount

Recent talk of a ban on crypto in Russia may be premature – particularly after the nation’s President Vladimir Putin appeared to talk up the country’s crypto capabilities. And with the United States threatening to sanction the Russian leader over heightened tensions on the Ukrainian border, Putin may be keeping his options open.

26.01 / 19:41

cryptocurrency Adoption Crime defi Crypto-Based Money Laundering Still on the Rise, DeFi Gets Bigger Role

Money laundering in crypto continued to rise between 2020 and 2021, although the illicit activity still remains below its all-time high from 2019. However, the takedown of two major illegal services in the past year may have made the activity less concentrated, blockchain intelligence firm Chainalysis said in a new report.

26.01 / 16:07

Blockchain Adoption Bitcoin Turkish president orders ruling party to organize metaverse forum

Turkish President Recep Tayyip Erdoğan and ruling Ak Party officials met earlier this week to discuss the metaverse, with the president calling for comprehensive research on the subject.

26.01 / 13:43

business Blockchain Adoption Bitcoin Can DeFi and CeFi coexist? Three takeaways from experts panel

As price action bewilders market makers and traders, experts in the crypto industry reached an agreement on several important points last week. Notably, centralized finance (CeFi) and decentralized finance (DeFi), can coexist, and a “blend” of financial products and services will be available to users in the future.

26.01 / 13:11

Adoption IMF Bitcoin Cryptoverse Laughs Off IMF Bitcoin Threats to El Salvador With Memes, BTC Rises

25.01 / 21:23

Blockchain Adoption copyrights Royalties Kanye West wants royalties from Paparazzi photos, with the help of NFTs

Kanye West expressed his frustration at the paparazzi after being filmed arriving at Miami International Airport on Monday, as seen in a video posted by ET Canada. Kanye can be heard saying to the cameraman:

25.01 / 19:12

Ethereum cryptocurrency Adoption Bitcoin Why and How Crypto Will Rule Metaverse

Rabindra Ratan, Associate Professor of Media and Information, Michigan State University, and Dar Meshi, Assistant Professor of Communication Arts and Sciences, Michigan State University.

25.01 / 18:40

Blockchain Technology Adoption Bitcoin digital euro Germany's 2021: New regulations, the digital euro and NFTs on the rise

An interesting year has come to an end for the crypto industry in Germany. Although blockchain technology and cryptocurrencies have not yet found wide acceptance in the country, more and more domestic institutions and investors are becoming interested in the crypto world thanks to legal clarity.

25.01 / 18:08

Blockchain Adoption privacy New private messaging app claims to be decentralized and quantum-resistant

The new private messaging app called ‘xx messenger’ has been developed by renowned cryptographer David Chaum and it claims to be quantum-resistant.

25.01 / 16:59

business Adoption Bitcoin NOT Russian finance ministry official calls for crypto regulation, not restriction

In surprising comments made by the Russian director for financial policy, Russia could be softening its stance toward crypto. Ivan Chebeskov, a director within the Ministry of Finance, has come out in support of regulating crypto rather than banning it.

25.01 / 14:43

Adoption Investments MicroStrategy Bitcoin Orange-pilled by Michael Saylor, NorthmanTrader CEO now a Bitcoin supporter

There is still room for humility and humor amidst a gloomy January for Bitcoin (BTC). A former outspoken Bitcoin critic has flipped bullish on Bitcoin after conversations with Michael Saylor, CEO of Microstrategy.

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