Blockchain Financial News

At its core, Web3 is about regaining control from centralized online experiences, allowing creators to interact within peer-to-peer (P2P) ecosystems focused on music, film, artwork, fashion and other popular topics. This has also given rise to nonfungible tokens (NFTs) and digital ecosystems often referred to as the Metaverse. 

As the world of finance continues to transform, new forms of money are challenging traditional monetary infrastructures that have been around for a long time. Currently, central bank digital currencies (CBDCs) have caught the eye of various countries, including the Philippines.

Mama Bitcoin is the pseudonym claimed by a young Senegalese Bitcoiner called Bineta. Her business, Bleu comme la mer, was the first retailer in Senegal (and possibly West Africa) to accept crypto as payment. She’s also the first generation of her family to read and write proficiently. 

The WAVES token, issued by the protocol with ties in Russia, is close to a 3x price gain in a matter of just two weeks after it rallied right after Russia invaded Ukraine.

Bit.com, a Singapore-based crypto exchange, has partnered with TON, which stands for “The Open Network,” to expand, enhance, and develop its ecosystem.

VanEck, an investment firm with almost $82 billion in assets under management, has submitted an application to the United States Securities and Exchange Commission (SEC) for the launch of a new exchange-traded fund that invests in gold mining and Bitcoin (BTC) mining companies.

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

Fantom (FTM) has fallen 22 per cent in the last 24 after key personnel associated with its project announced departure. Fantom has been under severe pressure following a tweet from Anton Nell, a senior solutions architect and his colleague Andre Cronje, a prolific developer, that they are leaving Fantom Foundation, without citing a reason. Fantom dropped about 22 per cent to hit lows of $1.32 on Monday, according to the data from Coinmarketcap. The token has dropped about 60 per cent of its value from its peak of $3.3, scaled on January 16, 2022.

In the latest Cryptopedia episode, viewers can get a succinct and informative overview of decentralized autonomous organizations, or DAOs. Cointelegraph's Jackson DuMont believes DAOs have the power to "completely transform how work and social collaboration are organized."

CargoX, a blockchain company specializing in document transfer solutions, announced a long-term extension to its agreement with the Egyptian government to digitize the latter's trade flows. Last year, through its 80% owned entity Misr Technology Services (MTS), the Egyptian government integrated CargoX's Blockchain Document Transfer, or BDT, service for its official NAFEZA single-window trade platform. Usage of the system became mandatory in Egyptian ports last October, and handles more than 12,000 transactions per day. BDT is built on the Ethereum (ETH) blockchain. 

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

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

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

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

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

A council formed by traditional finance conglomerates American Express, Discover, Visa and Mastercard welcomes a decentralized finance (DeFi) banking firm to its participating organizations that help improve payment data security worldwide.

crypto crowd in India will be caught in a 'valuation' conundrum as they receive 'airdropped' coins and swap one crypto for another. Until now, almost everyone in the crypto universe has been oblivious of the need to value the virtual digital assets as free coins doled out in promotional drives by offshore entities landed up in their wallets, or when they traded a slice of their crypto holdings to own a different coin in cashless deals. Not any more. Almost every fortnight, developers and blockchain-based projects, from across the world, send out tokens, as part of marketing efforts, to crypto investors who are randomly picked from their public addresses that exist on the blockchain. Now, for local investors to cough up tax on such 'gifts' — which they are required to pay as per the new tax laws proposed in the last Union Budget — they have to first figure out the value of the free, airdropped coins.

Crypto's transparent nature makes it a terrible choice for those who want to evade sanctions, said Paul Grewal, Chief Legal Officer (CLO) of major crypto exchange Coinbase. 

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

It’s always been hard to rank different blockchains thanks to the diverse ways in which their speeds and activities are measured. But now, one blockchain is under the microscope due to what some claim is a discrepancy in its transaction volumes.