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Crypto Accounts for Less Than 2% of El Salvador’s Remittances – Has BTC Adoption Plan ‘Failed?’
2.3.2023
Crypto accounts for less than 2% of all of the remittances made to El Salvador, new government figures show. And critics say this is proof that the nation’s Bitcoin (BTC) adoption plan has failed....
Read More: Crypto Accounts for Less Than 2% of El Salvador’s Remittances – Has BTC Adoption Plan...
Japanese Entrepreneur Yuta Misaki Loses Big in $29m Crypto ‘Gamble of the Century’
2.3.2023
An outspoken Japanese entrepreneur and social media star says he suffered massive losses when he invested $29 million in crypto – and has advised followers to tread cautiously in the crypto markets to avoid similar losses....
Read More: Japanese Entrepreneur Yuta Misaki Loses Big in $29m Crypto...
Nexo Crypto Lender Resolves Multistate Lawsuit with $22.5M Settlement – Here's What Happened
1.3.2023
The crypto lender Nexo has resolved a settlement for $22.5 million with multiple US states, after the Ohio Division of Securities became the latest state regulator to join in.
The firm, which is led by Bulgarian entrepreneur Kosta Kantchev, will pay $424,528.30 per jurisdiction that has joined...
Hacken Doubles Market Share with New Tokenomics Solution, Raises HAI Value
1.3.2023
Web3 security company Hacken has released the Hacken HAI Tokenomics update on March 1 — and it’s quite striking.
In particular, after transforming its community into hDAO, the company plans to give away 10% of its equity for 100,000,000 HAI tokens....
Read More: Hacken Doubles Market Share with...
Goldman Sachs’ Digital-Asset Team Ready to Expand with New Blockchain Platform – Is the Bear Market Over?
1.3.2023
The major Wall Street investment bank Goldman Sachs has said it stands ready to bolster its digital asset team, as it promotes its new tokenization platform GS DAP for new users around the world.
The GS DAP platform – a private and centralized blockchain controlled by Goldman Sachs – was trialed...
Legalizing Crypto Will Undermine Russian Financial System, Warns Central Bank
1.3.2023
Legalizing crypto could “fundamentally” undermine Russia’s financial system, the nation’s Central Bank has warned.
According to the media outlet Informer, Elizaveta Danilova, the bank’s Director of Financial Stability, said that allowing crypto into the Russian financial system would bring about...
Visa Reaffirms Commitment to Crypto Tech Despite Recent Reports – Here's The Latest
1.3.2023
Visa has reiterated its commitment to crypto strategy, refuting recent reports that the payment giant plans to pause crypto push due to uncertain market conditions.
Cuy Sheffield, Visa vice president and head of crypto, said in a recent tweet that the company plans to continue working on...
83% of Japanese Crypto Traders Say They’ll HODL their Coins – Here’s Why
1.3.2023
Over eight in 10 Japanese crypto traders say they intend to HODL their coins this year, a new survey has found.
The survey was conducted in January this year by the Tokyo-based media firm Zero Accel, who spoke to 330 crypto holders in 47 Japanese provinces. Zero Accel explained in a press release...
The Ethereum Attestation Service (EAS) now goes live
1.3.2023
The Ethereum Attestation Service (EAS) has successfully managed to go live. This is for the benefit of all connected users, who can now perform attestations both on-chain and off-chain. Builders are aware of the need for a healthy and connectable trust layer in the case of decentralized...
Ark Invest's Cathie Wood Sticks with Crypto, Says Bitcoin and Ethereum Are 'on the Right Track'
28.2.2023
The popular tech-focused fund manager Cathie Wood has declared that she will stick with her crypto investments, while praising Bitcoin (BTC) and Ethereum (ETH) as decentralized blockchains that have given her confidence in the space....
Read More: Ark Invest's Cathie Wood Sticks with Crypto, Says...
Industry Players Discuss The Best Crypto Trading Strategy For 2023
28.2.2023
It’s Day Two of the Blockchain Economy Summit – the UK’s biggest gathering of crypto companies and blockchain entrepreneurs.
Taking place in the heart of Europe’s financial capital – London, with two days jam-packed with Web3, NFT, cryptocurrency, blockchain and metaverse events....
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Bitget’s Social Trading Platform Could Be a Game-Changer in the Crypto Industry – Here’s Why
28.2.2023
Blockchain Economy London Summit was the stage for an insightful interview between Cryptonews and Jay Lee, the Associate Marketing Director at Bitget crypto exchange. The topic of discussion was social trading and how it can revolutionize the crypto industry.
During his interview, Jay explained...
Could 2023 be the year of DeFi tokenisation?
28.2.2023
So far 2023 has been characterized by breakout narratives - from the AI boom to the hype around Chinese crypto. Could DeFi Tokenization of Real World Assets (RWA) be the next big thing?
Industry Players from across the space gathered at the 6th Annual Blockchain Economy Summit - the UK’s largest...
Ledger Releases Hardware Support for Trust Wallet's Browser Extension to Bring Added Security
28.2.2023
Ledger has released hardware support for the Trust Wallet Browser Extension, a multi-chain crypto wallet that acts as a gateway to thousands of Web3 decentralized applications (dApps).
A hardware wallet securely keeps a crypto user's private keys offline, bringing an additional layer of security....
How Blockchain Revolutionized Modern Warfare: Lessons from Ukraine
28.2.2023
On the second day of the Blockchain Economy London Summit, Cryptonews was present at a talk by Patrick Sweeney, the CEO of DaVinci 3.0 and a Wall Street Journal Best-Selling author.
Sweeney discussed how blockchain had altered the dynamics of the Ukraine conflict.
Patrick Sweeney, emphasized...
Payment Giants Visa and Mastercard Push Back Launch of Crypto Products due to Uncertain Market Conditions
28.2.2023
Visa and Mastercard, the two largest payment card network processors in the world, have decided to push back the launch of their crypto-related products and services due to uncertain market conditions. ...
Read More: Payment Giants Visa and Mastercard Push Back Launch of Crypto Products due...
Crypto Funds Hit by Third Week of Outflows as Macro Backdrop Worries Investors
28.2.2023
Crypto-backed investment funds saw capital outflows last week, while bearish sentiment also drove speculators into short bitcoin (BTC) funds as worries spread about potentially higher interest rates in the US....
Read More: Crypto Funds Hit by Third Week of Outflows as Macro Backdrop Worries...
LATAM to speed up Web3 adoption through Ripio & Polygon integration
28.2.2023
Ripio, which happens to be the absolute top-of-the-line digital asset platform based in Argentina, is all geared up to connect with the Polygon ecosystem. The aim and intention behind this are for the quickening of adoption of Web3 applications, so far as Latin America is concerned. The company...
Three Arrows Capital NFTs are About to be Sold Off by the Liquidator
28.2.2023
Some of the non-fungible tokens (NFTs) once held by bankrupt Singaporean crypto hedge fund Three Arrows Capital (3AC) will be put up for sale as part of efforts to retrieve funds for its creditors, according to the failed company’s liquidators....
Read More: Three Arrows Capital NFTs are About...
Upbit Operator Denies it Wants to Buy a Securities Firm
28.2.2023
Dunamu, the operator of Upbit, South Korea’s biggest crypto exchange, has denied it is poised to buy a securities company – and says it is instead eyeing non-fungible token (NFT) expansion.
The operator has recently been linked with a takeover move for an unnamed domestic securities provider....