Blockchain Financial News

Fantom (FTM), the cryptocurrency that powers the high-performance, smart-contract-enabled Fantom blockchain, has been rallying hard in the last few days. FTM was last changing hands in the $0.57s, back above its 21-Day Moving Average at $0.52 and up around 40% versus recent lows around $0.41, with the cryptocurrency benefitting from buying pressure after it found strong support at the summer 2022 high.

Technology is a powerful force that has significantly influenced the future. It has enriched our lives in innumerable ways, from boosting productivity and efficiency to bridging geographical distances. Artificial intelligence (AI), machine learning (ML), robotics and 5G networks are reshaping industries, opening up new applications, and altering our way of life.

While cryptocurrencies have been quite the rage over the past couple of years, nonfungible tokens (NFTs) have risen as an alternate asset class within the cryptocurrency ecosystem. This ecosystem is revolutionizing the world of art and gaming, among a host of other industries.

The city of Dubai has been very welcoming to the crypto space, providing the much-needed regulatory clarity to help the industry thrive. While this attracts native Web3 and crypto businesses to the emirate, even non-crypto businesses started integrating technologies like crypto, nonfungible tokens (NFTs) and even the metaverse into their operations. 

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

The ethereum price has gained by 9% in the past 24 hours, rising to $1,689 as part of a marketwide rally caused in part by a short squeeze. Its current level means it has risen by 2% in a week and by 7% in a month, with today's return largely compensating for losses witnessed last week.

Wyoming lawmakers have passed a bill that will prohibit courts in the state from forcing someone to disclose their digital asset private keys, with one minor exception.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Disclaimer: The text below is an advertorial article that is not part of  Cryptonews.com  editorial content.

Abu Dhabi's technology ecosystem, Hub71, has announced a new initiative called "Hub71+ Digital Assets," with a capital backing of over US$2 billion. This project aims to advance Web3-based innovations, such as blockchain technology and metaverse applications. The initiative aspires to provide Web3 startups with access to a range of programs, and initiatives, as well as, corporate, government, and investment partners in both global markets and the UAE.

According to a new press release on Feb. 15, Thai cryptocurrency exchange Zipmex stated that it sent a new scheme to all firm's eligible creditors through its scheme manager KordaMentha. As told by Zipmex, the creditors have until Feb. 21, 2023 to vote on the scheme and "will receive 100% of their digital assets in the Z Wallet" if the scheme is approved and the cryptocurrency closes its pending investment deal. 

The emergence of blockchain technology presents an opportunity to reexamine and innovate solutions used in our day-to-day life. Blockchains and, broadly speaking, the digital space fuelled by an artificial intelligence revolution urgently need to establish verifiable human identities to ensure trust, accountability and regulatory compliance.

Wednesday February 15th, 2023 – With only 48 hours remaining in its presale, Meta Masters Guild has surged past the $4.5 million mark in funding, a remarkable achievement for the play-to-earn gaming platform.

Markets have ignited with the rockstar release of the highly anticipated $BLUR airdrop. The Blur NFT marketplace officially opened redemptions yesterday.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

According to a Feb. 15 announcement, Conflux Network, also known as Shanghai Tree-Graph Blockchain Research Institute, said that it secured a partnership with China Telecom to develop a blockchain SIM (BSIM) card. As told by Conflux, the BSIM will have a secure place to store digital private keys and will be to call upon the said signature to transfer money to other users. In addition, 'one-click direct check' functionality will allow users to check for transaction information and status progress in real-time. 

However, the UK was far from alone in seeing a drop off and remains the centre of European fintech investment, with firms attracting more funding than their counterparts in the rest of Emea combined.Karim Haji, UK and Emea head of financial services, KPMG, says: "Despite the drop in both value and volume, it was a strong year for the UK fintech industry. The UK is a major global player, with investment in UK fintech only behind that of the US and Australia."Total global fintech investment fell to $164.1 billion across 6006 deals in 2022, after reaching a record $238.9 billion across 7321 deals the previous year.Payments remains the strongest area of fintech investment globally, with $53.1 billion in investment compared to US$57.1 billion in 2021; Regtech was the only sector to buck the downward trend, with investment in the space rising from US$11.8 billion in 2021 to a record $18.6 billion.In contrast, investment in crypto and blockchain fell from $30 billion in 2021 to $23.1 billion in 2022.

Security is one of the biggest concerns among crypto enthusiasts, and with good reason. Cryptocurrencies, being decentralized and digital, are susceptible to various forms of cyberattacks, and digital wallets that store these assets can be easily transferred and stolen without the possibility of recovery. This has led to an increase in scams and malicious schemes aimed at stealing users’ coins and tokens.

Pro-crypto trade group Blockchain Association has addressed the recent crackdown on crypto firms by multiple United States regulators. Jake Chervinsky, the Chief Legal Officer of the Blockchain Association, took to Twitter on 14 February to share his thoughts on the mounting enforcement actions against the digital asset industry. 

Angel investors and venture capitalists are two types of private investors who provide funding for early-stage and growth-stage companies. However, there are some key differences between them that we will cover in this article.

Even though the estimated number of electric vehicles (EVs) is expected to rise exponentially in the coming years, EV charging and payment frameworks are still insufficient to support widespread adoption. However, with blockchain technology, C+Charge, a crypto project, is creating a peer-to-peer (P2P) payment system for electric vehicle charging stations.