Adoption Financial News
11.05 / 17:39
Blockchain
Technology
Adoption
defi
Tech
How To
How to use a crypto hardware wallet
Investing in cryptocurrencies is widely known to be associated with risk, given the crypto market’s volatility, regulatory dilemmas and high-profile incidents of hacks, scams and fraudulent activities. According to Chainalysis’ midyear report on cryptocurrency-related crimes in 2022, approximately $1.9 billion worth of cryptocurrency was stolen in various hacking incidents and fraudulent activities compared to under $1.2 billion at the same point in 2021.
11.05 / 15:29
Adoption
regulation
IRS
Taxes
investigation
Bitcoin
How the IRS seized $10B worth of crypto using blockchain analytics
Blockchain analysis has been key in helping the United States Internal Revenue Service (IRS) seize an estimated $10 billion worth of cryptocurrency since it began investigating a broad body of crimes involving digital assets.
11.05 / 13:21
11.05 / 13:07
business
Ethereum
Adoption
wallet
Cybersecurity
security
Bitcoin
New wallet uses Amazon hardware security modules to eliminate seed words
A new crypto wallet has just launched in Apple’s App Store store that uses Web2 trickery to ensure users don’t need to interact with seed phrases or passwords.
11.05 / 12:33
Blockchain
Ethereum
Adoption
wallet
interview
Podcast
Account abstraction could bring the next billion users to Ethereum: Ambire CEO
In episode 19 of Cointelegraph’s Hashing It Out podcast, Elisha Owusu Akyaw talks to Ivo Georgiev, CEO of Ethereum smart contract wallet Ambire. Georgiev explained account abstraction and how wallets can bring more people to the network.
11.05 / 10:47
Blockchain
Adoption
DLT
National
China launches national blockchain center to train half a million specialists
On May 10, the National Blockchain Technology Innovation Center, first announced in February, has officially started its work in the capital city of Beijing. The Center will collaborate with local universities, think tanks and blockchain businesses to develop blockchain implementation in China. The institution will reportedly train more than 500,000 specialists in distributed ledger technology (DLT).
11.05 / 10:27
Technology
Adoption
Cybersecurity
Fraud
Machine Learning
Tech
Can artificial intelligence create more jobs?
Artificial intelligence (AI) can increase productivity, boost economic growth, alter existing occupations and generate new ones. Without a doubt, AI will result in some job displacement in the short term, but there are numerous reasons to think that AI will also contribute to creating new jobs and economic growth in the long run.
11.05 / 07:37
business
Adoption
Web3
interview
OKX
'We can't keep putting band-aids on the current system' — OKX CMO
A provocative new advertising campaign from cryptocurrency exchange OKX is challenging messages from traditional finance and Web3 competitors by calling for a rewrite of current financial and digital systems.
11.05 / 06:49
Stablecoin
Adoption
regulation
Tether
Usd Coin
Backed
bail
Fiat-backed stablecoins could be used to post bail in New York under proposed bill
A New York lawmaker has introduced a new bill that would see dollar-pegged stablecoins accepted as a legal form of payment for bail bonds.
10.05 / 21:51
business
Adoption
Web3
Africa
Web3 Hub
Kenya partners with Abu Dhabi's Venom Foundation to build blockchain, Web3 hub
The partnership will attempt to contribute to driving blockchain innovation in the continent’s key sectors, including finance, supply chain, agriculture, business and cross-border trade, the May 10 announcement said.
10.05 / 21:47
Government
Adoption
economics
Banks
S&P Global attempts to assess crypto assets’ susceptibility to macroeconomics
Rating provider S&P Global has examined the relationship between crypto assets and macroeconomics in a new report. Its conclusion is a firm “maybe” and the details are complex, mainly due to “idiosyncratic events” such as the crypto winter , geography and the industry's short history.
10.05 / 20:39
business
Stablecoin
Adoption
defi
Tether
Usd Coin
reserves
Tether has $1.5B in Bitcoin reserves: BDO Italia
BDO Italia's latest attestation report for Tether revealed that Bitcoin (BTC) made up approximately $1.5 billion of the stablecoin issuer's reserves, or roughly 2% of the total, at the end of the first quarter. The accounting firm did not list Bitcoin as a line item in previous reports.
10.05 / 16:05
Adoption
PayPal
Bitcoin
Holdings
Crypto Holdings
PayPal's Crypto Holdings Approach $1 Billion, Primarily in Bitcoin and Ether
PayPal has disclosed that it holds nearly $1 billion in cryptocurrencies on its balance sheet, mainly consisting of BTC and ETH.
10.05 / 13:47
Adoption
defi
Altcoin
Reddit
Pepe sans crypto: Mods purge crypto from the original meme subreddit
Moderators on Reddit began to take action on crypto-related Pepe the Frog hype flooding into the meme’s original subreddits after the explosion of the $PEPE memecoin.
10.05 / 12:29
Adoption
NFT
Charity
Banks
Decentralization
DAO
Mutual aid, DAOs and activism — The Agenda podcast chats with PactDAO co-founder Marisa Rando
The efforts of many charities organizations are often hampered by the red tape of bureaucracy, and the presence of hierarchical structures within these organizations can complicate matters even further.
10.05 / 10:29
cryptocurrency
Adoption
regulation
Europe
Central Bank
Ireland's Central Bank Governor Labels Unbacked Cryptos as Ponzi Schemes
Unbacked cryptocurrencies are more like a "Ponzi scheme" than an investment, argued Central Bank of Ireland Governor Gabriel Makhlouf - but adding that "crypto is not going away very soon."
10.05 / 03:33
10.05 / 02:19
10.05 / 02:19
business
Adoption
ETF
Investments
Grayscale
cryptocurrency investment
Bitcoin
Grayscale expands ETF business, puts forward 3 new crypto funds
Three new crypto-focused exchange-traded funds (ETFs) have been put forward for approval by cryptocurrency asset manager Grayscale Investments, which also announced a new entity to manage its growing funds.
09.05 / 21:35
Technology
Adoption
wallet
Web3
Tech
play
ChatGPT and other AIs could play a big role in driving more users to crypto
It’s no secret that bear markets are challenging. A quick scan of top projects of any past market cycle will unveil how many once-promising projects have faded into oblivion. While these cycles are often discouraging, many fail to realize that with every market downturn comes the opportunity for innovation toward a stronger future for Web3. Just look at Uniswap and OpenSea’s success to see how real the potential is for “building in a bear market” to spark new bullish cycles.
09.05 / 18:25
Technology
Adoption
Machine Learning
Tech
FinTech
Customer
5 ways AI is helping to improve customer service in e-commerce
Artificial intelligence (AI) has revolutionized the e-commerce industry in recent years. One of the most significant ways in which AI is impacting e-commerce is by transforming customer service. AI-powered customer service technologies are becoming more common, and they are helping to improve the customer experience in numerous ways.
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