Adoption Financial News

19.05 / 17:19

Ethereum Adoption NFT defi Polygon Scams phishing 'Inferno Drainer' scam as a service has stolen $5.9M since March: Report

A new scam as a service called “Inferno Drainer” has reportedly stolen nearly $6 million from unsuspecting crypto users, according to Web3 scam detecting firm Scam Sniffer. Inferno Drainer reportedly advertises that it provides ready-to-go code to scammers, allowing them to steal crypto in exchange for a 20% cut of the scammer’s crypto "loot".

19.05 / 14:09

business Twitter Adoption Social Media eToro Twitter partnership created a ‘symbiosis,’ says eToro CEO | Bitcoin Miami 2023

The financial service provider eToro and Twitter recently announced a partnership, which allows users on the social network platform to trade cryptocurrencies and stocks.

19.05 / 13:23

Adoption Conference Podcast Bitcoin BRC Bitcoin maximalism cool in 2023? Joe Hall shares his thoughts

In this episode of Hashing It Out, recorded on the eve of Bitcoin 2023 in Miami, Cointelegraph’s Elisha Owusu Akyaw spoke to Cointelegraph journalist Joe Hall about what it means to be a Bitcoin (BTC) supporter and the current state of the Bitcoin network. The discussion ranged from Bitcoin maximalism and living on the Bitcoin standard, to Bitcoin Ordinals, BRC-20 tokens and the BTC price.

19.05 / 10:47

Adoption NFT education Universities NFTs in the academy: Fighting fake credentials and unfair wages

The rise of fake credentials and teachers being undervalued and underpaid are some of the recurring problems that the education sector continues to face. Cointelegraph went on a mission to see if nonfungible tokens (NFT) can provide a solution to these headaches found in the education sector.

19.05 / 10:13

Blockchain Technology Adoption Web3 Decentralization network zk zk role in balancing Web3 and traditional institutions — AMA with Occam DAO, Galactica Network, SwissBorg

Unique solutions for compliant privacy in web3 were discussed and offered during Cointelegraph’s recent AMA session that brought together Occam DAO core contributor Cristina Stavila, Galactica Network co-founder Michael A. and SwissBorg founder and CEO Cyrus Fazel.

19.05 / 09:51

Blockchain Adoption Web3 Gaming Cointelegraph partnership Web3 zombie apocalypse is here: Last Remains joins Cointelegraph Accelerator

Blockchain-based gaming has gained momentum in recent years as the novel sensation in the crypto universe, to the point where blockchain games accounted for half of all blockchain activity in early 2023. As the trend expands, new players have joined the fray, looking beyond the initial token-collection craze and shifting the focus to gameplay elements.

19.05 / 09:37

Adoption HashKey valuation Crypto Firm Hashkey Eyes $1 Billion Valuation, Capitalizing on Hong Kong's Digital Shift

Hong Kong-based digital asset firm HashKey Group aims to raise funds at a valuation of more than $1 billion.

19.05 / 04:59

business Adoption Google OpenAI launches official ChatGPT app for iOS, Android coming ‘soon’

OpenAI has launched the official version of its AI-powered chatbot ChatGPT on Apple's App Store, and hints an Android version is alcoming “soon.”

18.05 / 22:59

CBDC Adoption IMF enaira IMF sees room for eNaira improvement in first year assessment

Nigeria’s eNaira central bank digital currency (CBDC) is over a year old, and the International Monetary Fund (IMF) has a late birthday present for it, in the form of a working paper assessing its first year of performance. “Laudable,” said IMF researchers, but there were a few suggestions too.

18.05 / 22:01

Adoption wallet Cybersecurity security Hardware Wallet Private Keys Seed Phrase controversy Ledger clarifies how its firmware works after deleted tweet controversy

On May 18, crypto hardware wallet provider Ledger clarified how its firmware works after a controversial May 17 tweet was deleted by the company. The deleted tweet, which Ledger said was written by a customer support agent, had stated that it was “possible” for Ledger to write firmware that could extract users’ private keys.

18.05 / 21:07

Adoption Latin America inflation Bitcoin NOT Crypto adoption is booming, but not in the US or Europe — Bitcoin Builders 2023

Mass crypto adoption is already taking place around the world, but not in the United States or Europe, nor does it have Bitcoin as a flagship asset for mainstream acceptance. According to Daniel Fogg of smart contract platform Rootstock, the increase in adoption is instead ongoing in emerging markets, where cryptocurrencies are offering solutions to people’s everyday problems.

18.05 / 20:17

Twitter Adoption Gap Uniswap DeFi Needs to Be Simpler for Wider Adoption, Uniswap Survey Suggests

Decentralized finance (DeFi) protocols should be simplified for users if adoption is to grow, a survey from the team behind the Uniswap decentralized exchange (DEX) has suggested.

18.05 / 18:31

Adoption open Whampoa Group Private Family Office to Open Digital Bank in Bahrain – Here's the Latest

Singapore-based investment firm Whampoa Group aims to open a digital bank in Bahrain to offer payment and settlement services for crypto firms.

18.05 / 17:19

Blockchain Adoption defi Venture Capital Startups Blockchain developers launch $50M fund to increase Wormhole adoption

A $50 million fund has been launched to help startups that use the Wormhole cross-chain messaging protocol, according to a May 18 announcement. The new fund is being managed by venture capital fund Borderless Capital and is backed by over 20 other blockchain development teams and venture capital firms, including Circle, Polygon Ventures, Solana Foundation, JumpCrypto, and others.

18.05 / 15:15

Government Law Adoption regulation us government Congress hearing Congressional crypto hearing illustrates political stalemate on digital assets

On May 10, the United States House of Representatives Financial Services Committee and Agriculture Committee held their first joint hearing on digital asset regulation. The event felt like a logical continuation of another recent hearing where representatives lambasted Securities Exchange Commission Chair Gary Gensler for perceived regulatory overreach.

18.05 / 12:21

Blockchain Ethereum Adoption defi coinbase layer2 Chainlink network Coinbase Cloud plugs into Chainlink oracle network to improve smart contract reliability

Coinbase Cloud will leverage its global infrastructure and experience managing blockchain data to bolster the security and reliability of the Chainlink blockchain oracle network.

18.05 / 02:23

Blockchain CBDC Adoption Central Bank Usd Coin Australia marks first FX transaction using a CBDC as eAUD pilot continues

Australia has successfully made its first foreign exchange transaction using eAUD as part of a live pilot for the country’s potential central bank digital currency (CBDC).

17.05 / 14:09

Blockchain Adoption Bitcoin Industry Bitcoin Community Bitcoin Bitcoin self-custody advocate explains why on-ramps are key to adoption

Software developer Jameson Lopp believes improving usability and user experience of Bitcoin (BTC) self-custody solutions and making more avenues to acquire BTC will be key in further adoption of the preeminent cryptocurrency.

17.05 / 13:03

Adoption Tether Bitcoin Tether to buy Bitcoin based on monthly net profits

Tether, the issuer behind the largest stablecoin USDT, is following in the footsteps of Microstrategy in order to manage its reserves. The stablecoin issuer plans to strengthen its reserves with the help of Bitcoin and move away from United States-based government debts.

17.05 / 13:03

Ethereum Adoption Market Update Celsius Bitcoin Dollar National Debt New survey says Bitcoin is safer than the US dollar — Watch The Market Report

On today’s episode of The Market Report, analyst and writer Marcel Pechman discusses if Bitcoin (BTC) is safer than the United States dollar, considering the U.S. government’s risk of defaulting on its debt. He also covers why Bitcoin’s $28,000 resistance will not be a walk in the park and, finally, what is happening between Celsius, Ethereum and Lido staking. The show airs every Tuesday on the Cointelegraph Markets & Research YouTube channel.

17.05 / 08:29

Adoption NFT regulation Chinese prosecutors to crack down on 'pseudo-innovation' in NFT market

On May 15, the Supreme People’s Procuratorate of the People’s Republic of China, the national agency responsible for legal prosecution, shared its thoughts on the non-fungible token (NFT) market. In an article published, three authors laid out the prosecutors’ vision of the market risks and the following reasons to enforce it more actively.

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