Source: AdobeStock / Tierney The metaverse creates a range of opportunities for users and companies, but businesses and governments will need to come up with rules governing transactions and content, according to the participants of a panel held during this year’s edition of the World Economic Forum in Davos. The panel, Shaping a Shared Future: […]
Source: AdobeStock / freshidea Global payments network Society for Worldwide Interbank Financial Telecommunication (SWIFT) is partnering with French consultancy Capgemini to conduct new experiments and test how domestic central bank digital currencies (CBDCs) can be interlinked, taking the next step toward cross-border payments utilizing such currencies. “Facilitating interoperability and interlinking between different CBDCs being developed […]
The International Monetary Fund has mentioned it is providing technical assistance to the government of El Salvador in various ways. According to Gerry Rice, a spokesperson for the organization, the group is having talks with people of the Salvadoran government about tax and money laundering matters, including critical issues that the IMF raised in earlier […]
Source: AdobeStock / vegefox.com James A. Ray, Board member at Kyrrex financial ecosystem. _____ Cryptocurrencies have come a long way in the recent decade, evolving from a marginalized payment method for questionable transactions to publicly traded instruments on the largest global exchanges. Nonetheless, these drastic changes remain insufficient for fulfilling the “currency” function of the crypto. […]
Source: iStock/vm Ethereum (ETH), the second most valuable blockchain network in the world, still dominates the Web3 landscape due to its early start, although other blockchains such as Solana (SOL) are trying to catch up, a new report from venture capital giant Andreessen Horowitz (a16z) has said. According to a16z, much of Ethereum’s success in […]
Source: Adobe/Tottem Torro Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Regulation news The Group of Seven (G7) political forum, which comprises Canada, France, Germany, Italy, Japan, the UK, and the United States, will likely discuss crypto regulation at a meeting of finance […]
Source: Twitter/@CoinCornerMolly Crypto exchange and web wallet provider CoinCorner has announced the launch of its Bolt Card, a contactless Bitcoin (BTC) card powered by near-field communication (NFC) and the Lightning Network (LN). The card allows users to leverage the power of the LN, a layer 2 (L2) payment protocol layered on top of Bitcoin that […]
Source: Nayib Bukele / Twitter Central bankers attending a large-scale conference have moved to distance themselves from claims they are in El Salvador to talk about bitcoin (BTC) adoption – while local media outlets have suggested that BTC may be further down the agenda for the 44 nations attending than previously claimed. But evidence does […]
Wisteria illuminated at Byakugouji temple in Tamba, Hyogo prefecture, Japan. Source: Adobe/雄介 岡田 Local Japanese government bodies are set to begin metaverse projects – and may make use of NFTs and avatars in a new virtual space. The ball is beginning to roll in Yabu, a city in the nation’s Hyogo Prefecture, where local authorities […]
Source: Adobe/IB Photography Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news._____ Adoption news Crypto platform Crypto.com launched its Crypto.com Pay service to all merchants who use the Shopify e-commerce platform to enable purchases using crypto. Cloudflare, an American web content delivery […]
Source: AdobeStocks / sdx15 After facing a backlash from the Bitcoin (BTC) community over comments to the Financial Times that Bitcoin is “not a payments network,” Sam Bankman-Fried, the billionaire CEO of crypto exchange FTX, now hints that his exchange may implement Bitcoin Lightning Network payments. “Sounds right, will ping devs,” Bankman-Fried replied to a […]
Source: Adobe/Wilfried-R. Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.______ Taxes news The new Portuguese Minister of Finance Fernando Medina confirmed that cryptoassets will be subject to taxation in the near future, according to Portugal.com. Currently, the country treats crypto like […]
Source: AdobeStock / pincasso Thirty two central bankers and 12 financial chiefs representing 44 nations will meet in El Salvador later today, per the nation’s President Nayib Bukele, who claimed that – among other things – the group will discuss bitcoin (BTC). Developing economies around the world are thought to be closely monitoring events in […]
Source: Adobe/MitchCoxPhoto Will Harborne is the Founder and CEO of non-custodial exchange DeversiFi. __________ This is a pivotal year for Ethereum layer 2 (L2) solutions. What happens over the coming months will be critical in making decentralized finance (DeFi) work better, faster, and more reliably for a far greater number of users. Last year saw […]
What do health and wellness brands, logistics companies and your local Bitcoiner have in common? They’re all hash rate fiends! As the Bitcoin network’s hashrate continues growing, the dynamics of the mining industry and the types of participants are more diverse than ever. Of course, most bitcoin investors are familiar with self-mining, billion-dollar-market-value giants like […]
Source: AdobeStock / Ruth P. Peterkin The Sand Dollar, a central bank digital currency (CBDC) developed by the Bahamas, has the potential to “foster financial inclusion and payment system resilience” in the Caribbean nation, a new report from the International Monetary Fund (IMF) has said. To accelerate the adoption of the CBDC, the IMF suggested […]
A collection of different ways Bitcoin is having an impact on people’s lives across the globe. Bitcoin is for the millions, not the millionaires. At Paxful, we’re on a mission to show that Bitcoin has the power to open up the global economy to countless unbanked people around the globe — providing an accessible and […]
Source: Adobe/ltyuan The e-payments giant Alipay, part of the Alibaba business empire, has added an advanced search function for users wishing to use its platform to make payments using the digital yuan within the fast-expanding pilot zone. The e-pay platform had previously added digital CNY pay options late last year, with its biggest rival – […]
Source: iStock/Wachiwit Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Adoption news The Central African Republic’s adoption of bitcoin as legal tender presents a series of challenges for the country and the region, the International Monetary Fund (IMF) said, according […]
Source: AdobeStock / eyewave Italian luxury brand Gucci will accept crypto payments across five flagship stores in the US by the end of the month and aims to expand the pilot to include all of its directly-operated stores in North America by this summer. Gucci will accept payments in more than 10 different coins, including […]
Source: Adobe/Vitoria Holdings LLC One of the largest private financial entities in Argentina, Banco Galicia, has announced that it will allow some of its customers to trade, sell, and hold cryptoassets at a time when Argentina’s tax body has called for Latin American governments to bolster their crypto monitoring capabilities. The bank will allow some […]
