Adoption Financial News

06.02 / 08:13

CBDC Adoption Digital Currency Central Bank Yuan boost China doles out millions in digital yuan in bid to boost adoption: Report

Millions of dollars worth of China’s Central Bank Digital Currency (CBDC) has been handed out across the country over the Lunar New Year period in a bid to boost its takeup.

05.02 / 19:09

business Ethereum Adoption VISA Smart Contracts Visa's crypto strategy targets stablecoin settlements

Payment company Visa is seeking to build a "muscle memory" to settlements, aiming to allow customers to convert digital assets to fiat currencies on its platform, according to the company's head of crypto division Cuy Sheffield at the StarkWare Sessions 2023.

05.02 / 17:03

business Government Blockchain Technology Adoption Banks Bitcoin global economy Financial What is the global financial crisis and its impact on the global economy

When the financial system or the economy as a whole undergoes a rapid and large decline, it is said to be in a financial crisis. Financial assets like stocks, bonds, and real estate often see a sharp and significant decline in value during financial crises. They can also be identified by a decline in credit availability and a loss of faith in financial institutions like banks.

05.02 / 15:11

Blockchain Ethereum Adoption Polygon layer2 Open Source zk-Rollup Starkware open Starkware commits to open source its ‘magic wand’ Starknet Prover

Ethereum layer 2 scaling solution StarkWare announced plans to open source its proprietary Starknet Prover under the Apache 2.0 license, which has processed 327 million transactions and minted 95 million nonfungible tokens (NFTs) to date.

05.02 / 13:51

Adoption Cold Storage Bitcoin Financial Is it possible to achieve financial freedom with Bitcoin?

Over the last 14 years, investors got attracted to Bitcoin (BTC) for many reasons— from fixing a flawed fiat economy and reaching the unbanked to diversifying portfolios. However, a large portion of the general public sees Bitcoin as a gateway to financial freedom amid growing fiat inflation and geopolitical uncertainties.

05.02 / 09:15

business Adoption Job Startups London London emerges as world’s most crypto-ready city for business — Research

Along with pro-crypto regulations, mainstream adoption of cryptocurrencies requires a supporting infrastructure that can allow the general public access and exposure to the ecosystem. When considering eight key indicators around taxes, ATMs, jobs and events in crypto, London stands at the top as the most crypto-ready city in the world for businesses and start-ups.

05.02 / 07:01

business Adoption regulation Google Funding Bankruptcy Fried Sam Google invests $300M in AI firm previously funded by Sam Bankman-Fried

Google Cloud has reportedly invested $300 million into artificial intelligence (AI) startup firm Anthropic, which also happened to receive over $500 million in funds from former FTX CEO Sam Bankman-Fried about six months before FTX catastrophically collapsed.

05.02 / 00:27

CBDC Adoption regulation Bank of England UK is 'likely' to need digital currency, says BoE and Treasury: Report

The Bank of England (BoE) and Treasury believes the United Kingdom is likely to need to create a central bank digital currency (CBDC) by 2030, according to a Telegraph report on Feb. 4.

04.02 / 17:03

business Technology Adoption Microsoft Software Metaverse Meta Time Top 10 most famous computer programmers of all time

For computer programs and mobile applications, programmers must develop code. In order to keep things working properly, they are also involved in maintaining, debugging and troubleshooting software and systems.

04.02 / 13:29

Adoption Asia Central Bank legislation Bitcoin Sri Lanka against Bitcoin adoption, rejects Draper’s anti-corruption pitch

On a recent visit to Sri Lanka, American billionaire Tim Draper pitched the idea of adopting Bitcoin (BTC) as a legal tender to fight against the corruption that contributed to hyperinflation in the island country. However, a key Sri Lankan authority — central bank Governor Nandalal Weerasinghe — believed doing so would worsen the country’s economic situation.

03.02 / 22:57

CBDC Adoption Binance National Kazakhstan’s digital currency in pilot stage, per Binance, National Bank joint report

The National Bank of Kazakhstan (NBK) has launched a digital tenge pilot project, according to a report published jointly by the bank and Binance on Feb. 3. The report looked at global approaches to digital asset regulation, the digital asset industry and decentralized finance (DeFi) in Central Asia and the Commonwealth of Independent States in particular.

03.02 / 17:05

Adoption Trading Asia Mainstream Bitcoin Bitcoin Price retail traders Bitcoin’s big month: Did US institutions prevail over Asian retail traders?

Bitcoin experienced the second-strongest January in its history — and the best since 2013 — rising nearly 40% amid wide reports that institutional investors were back on board.

03.02 / 17:05

business Technology Adoption regulation Fraud Banks 5 biggest economic bubbles in history

An economic bubble is a time of fast economic expansion that is driven by speculative enthusiasm and excessively high asset prices. A bubble is characterized by an increase in demand for an asset, such as commodities, stocks or real estate, which drives up its price. A number of factors, including easy access to credit, low interest rates and investor optimism, frequently combine to create financial bubbles.

03.02 / 08:33

business Government Blockchain Adoption regulation Scams Australia bolsters crypto watchdogs in ''multi-stage' plan to fight scams

The Australian government is bolstering its market regulator's digital asset team as part of a “multi-stage approach” aimed at clamping down on crypto and ensuring proper risk disclosures from crypto firms.

03.02 / 04:45

business Blockchain Adoption Digital Currency us government Federal Reserve Bitcoin Fiat is in 'jeopardy' but Bitcoin, stablecoins aren't the answer either: Ray Dalio

Billionaire investor Ray Dalio has described fiat currency as being in serious “jeopardy” as an effective store of wealth but doesn’t believe Bitcoin (BTC) and stablecoins will be the solution either.

03.02 / 04:45

business Adoption MicroStrategy Bitcoin Bitcoin Price MicroStrategy says no plans to stop trading BTC as paper loss hits $1.3B

Software analytics company MicroStrategy recorded a paper loss of over a billion dollars on its Bitcoin (BTC) holdings in 2022 but says it has no plans to stop trading the digital asset.

03.02 / 00:31

Government Stablecoin Adoption defi regulation Europe Euro approved Euro stablecoin launched in Finland, claims to be first approved in the EU

Finnish company Membrane Finance has released a fully-reserved stablecoin backed by the euro, according to a Feb. 2 blog post from the company. The company is licensed by the Finnish Financial Supervisory Authority (Fin-FSA) and claims that the new ”EUROe” coin is “the first and only EU-regulated crypto stablecoin.”

02.02 / 17:05

Adoption NFT defi Hackers hacks security Scams Developers seek solutions for Web3-related scams from internet browsers

A big concern for users in decentralized finance (DeFi) involves the industry’s susceptibility to exploits. A report from Privacy Affairs revealed hackers stole $4.3 billion worth of cryptocurrency in the time period from January to November 2022 — a 37% increase from the previous year.

02.02 / 17:05

business Blockchain Technology Adoption defi security Top 7 blockchain courses and certifications for beginners

Blockchain courses and certifications can play an important role in helping individuals gain a comprehensive understanding of blockchain technology and its applications. By completing these courses, individuals can develop technical skills, stay current with industry developments, enhance their career opportunities and increase their earning potential.

02.02 / 16:05

Art Adoption Web3 Artists Metaverse Preserving and reinventing music festival legacy in the metaverse

The metaverse is becoming a destination for more brands, companies and communities to connect. A study from December 2022 revealed that 69% of users believe metaverse entertainment will reshape social life.

02.02 / 11:31

Blockchain Ethereum Adoption NFT Decentralization DNS services play State of play: Decentralized domain services reflect on industry progress

The rise of Web3 functionality has been a boon for decentralized domain name services over the past two years, with millions of blockchain-based domains registered to date. Challenging market conditions may have hampered exponential growth, but industry leaders believe that utility-driven adoption will continue in the future.

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