Adoption Financial News

05.04 / 18:41

CBDC Adoption Research CBDCs ‘threaten Americans’ core freedoms’ — Cato Institute

A report from the Cato Institute argues that a United States government-issued central bank digital currency, or CBDC, would usurp the private sector and threaten citizens’ privacy and core freedoms.

05.04 / 18:23

Stablecoin CBDC Adoption Banks Australian ANZ bank completes Australian CBDC use case for carbon credit trading

Australia and New Zealand Banking Group (ANZ) has completed its use case in the pilot project run by the Reserve Bank of Australia (RBA) and Digital Finance Cooperative Research Centre using central bank digital currency (CBDC). ANZ partnered with Grollo Carbon Ventures (GCV) to trade carbon credits.

05.04 / 18:23

Blockchain Adoption wallet Blockchain Storage Unlocking mass adoption: The importance of user-friendly crypto wallets

Cryptocurrencies have the potential to change how the world sees money, offering benefits like accessibility and decentralization. Due to their foundation in blockchain technology, people can buy and use cryptocurrencies without an intermediary, engaging directly with a buyer or seller on a digital ledger. For those unable to open a bank account due to a lack of documentation or for those in countries where the government has a history of freezing access to money stored in banks, accessibility and privacy have become much more crucial to achieving security and financial freedom.

05.04 / 14:33

Blockchain Adoption Binance wallet Cold Storage Bitcoin Wallet Mobile Wallet Self-Custody Wallet Binance self-custody wallet launches crypto-to-fiat off-ramp

Trust Wallet, the noncustodial and multichain crypto wallet, has partnered with Ramp and MoonPay to introduce seamless crypto-to-fiat withdrawals for its users. The partnership will allow wallet users to convert crypto to fiat directly within the wallet app.

05.04 / 14:33

Adoption defi fees Value Taxes Tax reduction MEV Ethereum projects unite to protect users from MEV-induced high prices

Over 27 prominent Ethereum projects joined hands to launch MEV Blocker, a solution that aims to tackle and minimize the amount of value extracted from their users, a.k.a maximally extractable value (MEV) — Ethereum’s invisible tax.

05.04 / 11:41

business Adoption OTC Paxful P2P Bitcoin Paxful shutdown hits Nigeria harder than the rest of the world, here’s why

The shutdown of the peer-to-peer cryptocurrency marketplace Paxful has left its worldwide community in search of alternatives, but it appears to have especially affected the Nigerian Paxful community.

05.04 / 11:17

Blockchain Technology Ethereum Adoption regulation Banks Bitcoin Top 5 books to learn about blockchain

Reading blockchain books can be an effective way to understand blockchain technology comprehensively. These books can provide insights into the history and principles of blockchain, and how it works in practice. By reading these books, you can gain a deeper appreciation of the potential of blockchain technology and its various use cases across different industries.

05.04 / 11:17

Adoption NFT Web3 virtual reality Metaverse Fashion augmented reality Augmented reality helps brands tell their story: MVFW 2023

The second annual Metaverse Fashion Week (MVFW) hit the virtual runway this year from March 28–31 via a collaboration between Spatial — a 3D social network platform — and Over, a blockchain-based augmented reality (AR) platform.

05.04 / 09:15

Adoption Swiss Grant Swiss Government-Owned Bank to Grant 2.5 Million Users Crypto Capabilities via New Partnership – Crypto Adoption on the Rise?

Major Swiss bank PostFinance has partnered with digital asset services provider Sygnum Bank to offer cryptocurrency trading and storage services for its customers.

05.04 / 08:47

business Adoption regulation Funding Venture Capital Banks SFC crypto rules Hong Kong’s crypto rules set a high bar for ‘good reason,’ says SFC advisor

The standards for Virtual Asset Service Providers (VASPs) in Hong Kong are set “incredibly high” as the Securities and Futures Commission (SFC) is wanting the crypto industry to match the same compliance standards as traditional financial firms.

05.04 / 05:19

Adoption IMF Dollar end Malaysia enlists China to help end USD dependence for trade

China and Malaysia are considering moving forward on discussions regarding an Asian Monetary Fund as distancing from U.S. dollar hegemony becomes a greater priority in the region.

05.04 / 01:37

business Adoption Mining Press Release Bitcoin Marathon Marathon Digital posts quarterly record of 2,195 Bitcoin mined in Q1

Bitcoin (BTC) mining firm Marathon Digital reported a quarterly record of 2,195 BTC mined over the first quarter of 2023, currently worth around $62 million.

04.04 / 19:25

Stablecoin Adoption PayPal fees Banks Central Bank credit cards PayPal and the credit card industry are taking advantage of consumers

More Americans are unable to pay their credit card bills in full at the end of the month, with 46% of credit cardholders carrying month-to-month debt, up from 39% in 2022. A recent report from the Federal Reserve Bank of New York highlighted how the current 15% year-to-year credit card balance increase represents the largest jump in more than 20 years.

04.04 / 18:09

Blockchain Ethereum Adoption defi Venture Capital Startups Cross-Chain LayerZero raises $120M to expand cross-chain messaging efforts

Cross-chain messaging protocol developer LayerZero Labs has raised another $120 million, according to an Apr. 4 announcement. The company plans to use the capital to increase its headcount and expand its reach into the Asia-Pacific region. The company had previously raised $135 million in March 2022.

04.04 / 16:07

markets Adoption Binance regulation coinbase security Bitcoin duration bitcoin bull market Banking crisis could spark the first 'extended duration Bitcoin bull market,' says Swan Bitcoin CEO

The latest banking crisis could lead to “the first-ever extended duration bull market” for Bitcoin (BTC), according to Swan Bitcoin CEO Cory Klippsten.

04.04 / 13:03

Adoption NFT Social Media Web3 Decentralization Video platform enters Web3, brings a decade of experience

The controversial topic of how social media platforms distribute ad revenue generated from user content came into the spotlight when Twitter’s new owner, Elon Musk, announced revenue-sharing plans with creators. In a tweet, Musk specified that the micro-blogging platform plans to share ad revenue with creators “for ads that appear in their reply threads.” However, no further updates followed the initial announcement, adding to the centralized social media giant’s infamy for being stingy when it comes to revenue sharing with people who create content on its platform.

04.04 / 13:03

Technology Adoption regulation Web3 censorship Midjourney AI users find workaround amid ban on Chinese President’s images

Midjourney, an artificial intelligence (AI) service that generates images from natural language descriptions, recently banned the making of pictures of Chinese President Xi Jinping, much to the dismay of its users. However, the ban has not deterred its users from finding a workaround by creating deepfakes of Xi, which are manipulated digital representations produced by sophisticated machine-learning techniques.

04.04 / 12:07

Blockchain Adoption Mining Tokens TON Validator TON validators receive single nominator smart contract

Orbs, a public blockchain infrastructure designed for mass usage applications and close integration, has announced the release of the single nominator smart contract for validators in the Telegram Open Network (TON), a decentralized layer-1 blockchain.

04.04 / 10:17

Adoption NFT Developers Cointelegraph Startups Cointelegraph Accelerator and bitsCrunch Startup Program join to aid NFT projects

As nonfungible token (NFT) trading volumes begin to pick up again in Q1 2023 and marketplaces battle it out for a piece of the pie, more projects are coming into the space to assist market actors with infrastructure and analytical tools. And with evidence of wash trading and other abuse by bad actors becoming apparent, there is a demand for forensic tools to aid traders and investors in making informed, financially secure decisions.

04.04 / 07:55

Blockchain Adoption wallet Blockchain Storage Unlocking mass adoption: The importance of user-friendly crypto wallets

04.04 / 05:45

business Adoption Binance CFTC regulation Trading coinbase Binance’s market share drops on CFTC suit and no-fee trading halt: Report

The dominance of cryptocurrency exchange Binance in trading volume market share has slipped over the past two weeks following a lawsuit from the United States commodities regulator and its decision to halt some zero-fee trading.

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