According to the second annual Global Survey on Crypto and Web3 by Consensys, emerging markets are spearheading global cryptocurrency adoption. The report reveals that countries like Nigeria, South Africa, and the Philippines are driving significant growth in awareness, ownership, and participation in crypto-related activities. Emerging Markets at The Forefront The survey shows that 93% of...Read More
Electric Capital’s 2024 Developer Report has revealed that for the first time since 2016, Solana outpaced Ethereum as the leading blockchain ecosystem for attracting new developers. The breakthrough highlights Solana’s rapid growth, with 7,625 new devs joining the network in the last 12 months, representing an 83% year-over-year increase. Rise in Developer Activity The report,...Read More
A new “State of Crypto” report by venture capital firm Andreessen Horowitz (a16z) shows that the blockchain space achieved all-time highs for usage and activity. According to the paper, 220 million addresses interacted with a blockchain at least once in September 2024, a figure three times higher than that recorded at the end of 2023....Read More
Global crypto exchange Bitget has announced a multi-million dollar partnership with iconic Spanish football league La Liga. The company revealed the collaboration, which makes it La Liga’s official crypto partner, at the just concluded Token 2049 event in Singapore. Strategic Partnership with Global Reach In a statement released by Bitget on September 19, the Seychelles-based...Read More
California’s Department of Motor Vehicles (DMV) has digitized 42 million car titles using the Avalanche (AVAX) network. This initiative is part of a modernization effort to streamline the state’s title transfer process in collaboration with software development firm Oxhead Alpha. California DMV to Digitize Car Titles According to an Avalanche blog post, users will soon...Read More
State Street Corp., a Boston-based major player in traditional finance, is exploring the launch of its own stablecoin and tokenized deposits to improve payment settlement using blockchain technology. According to a Bloomberg report on Wednesday, the bank has been actively making efforts to integrate into the crypto space. State Street Is Pushing for Digital Expansion...Read More
According to Forbes data, Argentina currently has the highest crypto adoption rate compared to every other nation in the Western Hemisphere. Ever-surging inflation of the local currency, Peso, and complex access to the dollar have been the primary drivers behind the current adoption of crypto assets, primarily USDT. Argentina Leads Crypto Adoption A Forbes report...Read More
In the second quarter of 2024, Web3 user engagement hit an all-time high, with approximately 10 million daily unique active wallets (dUAW), marking a 40% increase from Q1. According to a July 4 report by blockchain analytics platform DappRadar, the unprecedented growth spanned various sectors of the decentralized application (DApp) industry, leading to an overall...Read More
Bitwise, a U.S. spot Bitcoin ETF issuer, predicted that the combined forces of the cryptocurrency industry and artificial intelligence (AI) could inject $20 trillion into the global GDP by 2030. The forecast was made at an annual Consensus conference in Austin, where industry leaders gathered to discuss the future of blockchain, regulation, and the vast...Read More
In a report released earlier this week, Coinbase expressed concerns over the declining crypto talent in the US amidst the ongoing increase in general corporate interest. The largest US exchange highlighted the need for regulatory clarity around the crypto realm to keep the talent within the country. Declining Developer Talent in the US Coinbase notes...Read More
On June 10, OM, the native token of the decentralized finance (DeFi) platform MANTRA, reached an all-time high of $1.09. This milestone coincides with the project’s strategic expansion efforts within the United Arab Emirates (UAE). OM Token Skyrockets Following MANTRA’s Strategic Partnership According to CoinGecko data, at writing time, OM remains up 9.7% over the...Read More
The high-tech industry continues to make active inroads into the blockchain industry, proposing and building out new solutions that make Web3’s products better and more usable by mainstream folks as well as sophisticated industry participants. 1. Block CEO Jack Dorsey – Bitcoin Bull Back in 2021 at “The B-Word” conference by Crypto Council for Innovation,...Read More
Grammy award-winning rapper Eminem recently cut an ad for Crypto.com to advertise blockchain to NBA fans. Here are 10 other celebrity endorsements that prove cryptocurrency adoption is accelerating. But real quick first— here’s “The Real Slim Shady” singer’s X post with the Crypto.com advertisement: You know what it’s always been. #FFTB #Ad @cryptocom pic.twitter.com/XZ3Qf7TkkR —...Read More
Ernst & Young (EY) has launched OpsChain Contract Manager (OCM), an Ethereum solution that leverages zero-knowledge proofs technology. The solution will help private businesses efficiently manage and execute intricate business agreements while ensuring confidentiality, timeliness, and cost-effectiveness. EY Launches the OpsChain Contract Manager EY, one of the top “big four” accounting firms alongside Deloitte, KPMG,...Read More
The Hedera Council announced a new partnership with food giant Mondelēz International, the company behind popular brands such as Toblerone, Cadbury, and Oreo. As the governance body for the Hedera public network, the council will assist Mondelēz in developing distributed ledger technology solutions for internal use. Currently, the Hedera network is governed by a wide...Read More
Coinbase, the largest cryptocurrency exchange in the U.S., believes American households could have saved approximately $74 billion in credit card transaction fees in 2022 if they used blockchain technology. In Coinbase’s latest State of Crypto Report, the exchange outlined the frustrations of the current financial system, ranging from high costs to delays and difficult access,...Read More
Crypto markets remain down around 65%, or $2 trillion in total market capitalization, from their peak in November 2021. The industry has been battered by a barrage of attacks from regulators and politicians, especially in the United States. Moreover, the wave of hacks and exploits has continued unrelenting. Nevertheless, there is a silver lining, and...Read More
Telegram recently released its self-custodial wallet on The Open Network (TON) blockchain. However, this development has sparked controversy. Following the launch, CertiK, a reputable blockchain security firm, issued a warning about the use of Telegram bot tokens. Certik’s Cautionary Message On Sept. 13, Certik released a cautionary message on social media, advising cryptocurrency enthusiasts to...Read More
American financial services giant JP Morgan is exploring a new type of token that will speed up its cross-border payments and settlements. People familiar with the matter told Bloomberg that the multinational financial services firm has developed most of the underlying infrastructure needed to launch a deposit token. However, the firm is waiting for approval...Read More
The London Stock Exchange (LSE) is reportedly planning to develop a digital markets enterprise. The move aligns with its broader strategy to become the first major exchange offering comprehensive trading of traditional financial assets on blockchain technology. One of the world’s oldest stock exchanges which can trace its history back more than 300 years, is...Read More
Seychelles-based cryptocurrency derivatives exchange Bitget has announced a one-year partnership with renowned American actor and comedian, Adam Devine, as part of the #SetForChange campaign. With the move, Bitget aims to promote crypto education and foster wider adoption through an “engaging and lighthearted approach.” The collaboration also comes amidst the rebranding initiative following its acquisition of...Read More
Crypto infrastructure giant Fireblocks has announced that it has started offering support for cloud service providers Amazon Web Services (AWS), Google Cloud Platform (GCP), Alibaba Cloud, Thales, and Securosus by expanding its MPC-CMP wallet and key management technology. The latest move is expected to help banks and financial institutions to leverage Fireblocks’ security and technology...Read More
Nigeria’s Federal Ministry of Communications and Digital Economy (FMCDE) has approved the National Blockchain Policy as the country doubles down on creating a blockchain-powered economy. The adoption of the policy by the government will pave the way for the formal utilization of the technology in the country, which has seen significant crypto adoption in recent...Read More
There has been little movement in crypto over the weekend following the selloff last week. The broader market remains 65% down from its peak level in November 2021 as the bears remain in control. However, several prominent corporations have made moves into the sector recently, indicating confidence that things will turn bullish again at some...Read More
The cryptocurrency casino Roobet announced on March 1st its partnership with the iconic rapper Snoop Dogg in a move that aims to “reinvent” the online entertainment industry. According to Roobet’s official site, Snoop Dogg and the casino will work together to “shake up the industry and bring players a one-of-a-kind gaming experience,” thanks to the...Read More
Despite the ups and downs of the crypto market, the Web3 and the NFT gaming industries continue to attract the attention of business leaders who are betting on technological innovation to push the whole ecosystem forward. On February 24, Trip Hawkins, one of the founders of Electronic Arts (EA), announced he was joining the Web3...Read More
Amazon is reportedly working on a digital assets company that will power an NFT marketplace this spring. According to sources interviewed by the media outlet Blockworks, the retail giant has been buying digital collectibles companies from various players in the crypto ecosystem to power its new venture. So far, Amazon has invested in layer-1 blockchains...Read More
Coinweb, a layer-2 cross-chain computation platform, announced on December 29 that it has entered into a partnership with BMW to integrate blockchain technology into the automaker’s infrastructure in order to improve the efficiency of financial transactions. Coinweb stated that the primary goal of this partnership is to provide a completely new experience for BMW’s customers...Read More
Priorities change according to the events, and Russia’s president may be taking notice. In a recent speech at the Artificial Intelligence Journey 2022 international AI and machine learning conference, Vladimir Putin spoke of the advantages of using a global payment system based on blockchain technology. For President Putin, the primary advantage would be the ability...Read More
On August 18, MercadoLibre Inc, a multinational e-commerce company based in Latin America, announced the creation of a new cryptocurrency called MercadoCoin, which will be implemented in its loyalty program. As reported by Reuters, the cryptocurrency will run on the Ethereum network as an ERC-20 token priced at $0.10 each. It will be used primarily...Read More
