Adoption Financial News

16.01 / 12:35

business Adoption regulation OCC Comptroller calls for federal collaboration with crypto intermediaries

The Acting Comptroller of the Currency, Michael J. Hsu, highlighted the need for collaboration and coordination with large crypto intermediaries to better understand the risks within the growing $2 trillion cryptocurrency market.

15.01 / 12:21

Adoption South America ATM Bitcoin Uruguay reportedly installs its first Bitcoin ATM

Uruguay has reportedly installed its first Bitcoin (BTC) ATM, making it the 11th South American country to publicly encourage crypto adoption. Prior to Uruguay’s involvement, South America hosted 79 ATMs, which represented 0.2% of global BTC ATM installations.

15.01 / 02:23

markets business Blockchain Adoption Altcoin Roundup: 3 ways blockchain technology could further mainstream in 2022

2021 was a breakout year for the cryptocurrency sector and this year is expected to see an extension of the “mass adoption” trend.

15.01 / 01:35

Blockchain Technology Adoption Bitcoin Stacks ecosystem becomes #1 Web3 project on Bitcoin

On the first anniversary of the launch of Stacks blockchain (STX), which seeks to make Bitcoin (BTC) programmable, the network achieved over 350 million monthly API requests, 40,000 Hiro (development tool for Stacks to build applications on Bitcoin) wallet downloads, and 2,500 Clarity smart contracts. According to a report by Electric Capital, a venture capital firm focused on cryptocurrencies and fintech, these statistics make Stacks the largest project on Bitcoin.

14.01 / 20:01

Adoption Bloomberg World Bank moody’s Bukele’s Bitcoin trade raises El Salvador’s sovereign credit risk: Moody’s

El Salvador’s historic embrace of Bitcoin (BTC) could have negative consequences on the country’s sovereign credit outlook, according to Moody’s Investors Service.

14.01 / 19:34

cryptocurrency Adoption Bitcoin reserves Rio’s Treasury Reserves to Be Made up of 1% Crypto, City May Enable BTC Tax Payments

Brazil’s former capital city, Rio de Janeiro, might start holding crypto in its treasury, its Mayor has revealed.

14.01 / 19:09

Blockchain Adoption Funding ICON commits $200M to interoperability incentive fund

The ICON Foundation announced plans to launch an interoperability incentive program for 200 million ICX, or approximately $200 million at the time of publication. The foundation supports the development of the ICON network, South Korea’s largest public aggregator chain. The foundation said that it hopes this program will incentivize the ICON community and its partner networks to adopt ICON’s blockchain transfer protocol, or BTP.

14.01 / 17:19

Government Law Adoption Bitcoin Financial Volcanos, Bitcoin and remittances: A Tongan lord plans for financial security

A former member of the Tongan Parliament is behind a proposal to make Bitcoin (BTC) legal tender in the tiny Pacific nation of Tonga, following in the footsteps of El Salvador. It’s due for a vote in Parliament in May and the early signs are encouraging.

14.01 / 16:37

Government Adoption Bitcoin reserves Brazilian mayor to reportedly invest 1% of city reserves in Bitcoin

Eduardo Paes, mayor of Brazilian city Rio de Janeiro, wants to allocate 1% of the city’s treasury into Bitcoin (BTC), Cointelegraph Brazil reported.

14.01 / 16:33

Adoption education Charity Bitcoin University accepts Bitcoin donations to fund crypto-related activities

Back in October 2021, The Campanile Foundation (TCF), an auxiliary of the San Diego State University (SDSU), accepted its first crypto donation. Now, the university announced that it is welcoming digital currency donations in Bitcoin (BTC) and Ether (ETH).

14.01 / 13:23

Adoption Investments Survey Bitcoin 70% of US crypto holders started investing in 2021: Report

The vast majority of cryptocurrency owners in the United States made the first-ever crypto investments just within last year, according to a new survey.

14.01 / 12:57

Adoption Bitcoin ATH Bitcoin hash rate jumps to ATH as Jack Dorsey confirms Block's mining system

Bitcoin (BTC) hash rate has returned to all-time highs despite losing a key hash rate contributor. Meanwhile, amid lackluster price action, Block CEO Jack Dorsey confirmed the creation of an open Bitcoin mining system.

14.01 / 11:59

Dogecoin Adoption Tesla Tesla launches Dogecoin payments for merch but there is a catch

Tesla CEO Elon Musk announced that Tesla now accepts Dogecoin (DOGE) as payment for the company’s merchandise. DOGE-eligible products in the Tesla store can be purchased by sending DOGE to Tesla’s Dogecoin wallet.

14.01 / 11:49

Dogecoin Adoption Payments Tesla Tesla Accepts Dogecoin Payments for its Merch, DOGE Rallies

Electric vehicle maker Tesla is experimenting with dogecoin (DOGE) payments, opening up a range of products to the cryptocurrency’s users.

14.01 / 06:05

Adoption Analysis crimes Cybercrime fall Crypto crime’s overall impact set to fall even further in 2022: Chainalysis

The coming year is likely to see crypto related crime reduce to an ever smaller share of the overall industry as law enforcement takes greater advantage of the transparency provided by blockchain technology, says Kim Grauer, Director of Research at Chainalysis.

14.01 / 02:49

business Blockchain Adoption IOTA Iota selected for Phase 2A of EU blockchain initiative

On Thursday, the Iota Foundation, which oversees developments in the namesake Internet-of-Things transactions blockchain (IOTA), announced that it had been selected as one of five contractors by the European Commission to develop blockchain and distributed ledger technology in the region. According to the announcement, phase 2A aims to advance European Blockchain Services Infrastructure, or EBSI, in five areas:

13.01 / 23:49

Blockchain Technology Ethereum Adoption Cross-Chain Industry players respond to Vitalik Buterin's thoughts on cross-chain ecosystems

Last week, Vitalik Buterin, Ethereum (ETH)'s co-founder, voiced his disapproval regarding the emergence of cross-chain bridges, citing security vulnerabilities due to their interdependency. In the days that followed however, developers working on cross-chain technologies largely dismissed his skepticism. In a statement to Cointelegraph, Kadan Stadelmann, chief technology officer of atomic swap blockchain Komodo, responded to Vitalik's critique:

13.01 / 23:11

business Adoption Investments acquires Gemini acquires BITRIA to push crypto into the wealth management industry

Crypto exchange Gemini announced Thursday that it had agreed to purchase Bitria, a San Fransisco-based start-up that provides traditional portfolio management tools for use in crypto investments. The goal of Bitria is to provide a platform for traditional asset managers and financial advisors to use in helping their clients invest in cryptocurrencies.

13.01 / 22:47

cryptocurrency Adoption Survey Time More US First-Time Homebuyers Sell Crypto For Down Payment - Survey

Some 12% of US first-time homebuyers surveyed in the fourth quarter of last year said that selling cryptocurrency helped them save for a down payment -- up from 9% in the third quarter of 2020, according to a survey by US real estate listing provider Redfin.

13.01 / 21:25

business Adoption Report Bitcoin Bitcoin cycle is far from over and miners are in it for the long haul: Fidelity report

Fidelity Digital Assets — the crypto wing of Fidelity Investments which has $4.2 trillion assets under management–shared their “two sats” on the future of the digital assets space. The key takeaways touched upon miners’ behavior and Bitcoin (BTC) network adoption.

13.01 / 18:07

Adoption Altcoin Cointelegraph Consulting Terra Cointelegraph Consulting: A look at Terra’s ecosystem

Terra’s native staking token, LUNA, was one of the best-performing cryptocurrencies of 2021, with gains north of 13,000%. Terra has also surpassed Binance Smart Chain (BSC) in total locked value with $17.62 billion, making it the second-biggest DeFi chain just after Ethereum.

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