Key developments in consumer, corporate, government and institutional adoption of Bitcoin and blockchain technologies.
Facebook, Instagram open NFT feature to all US-based users
NFT creators and collectors in the US can share their collectibles across Facebook and Instagram, while users in other supported countries can only access the feature via Instagram.
Crypto’s utility driving adoption in Sub-saharan Africa – Chainalysis
Sub-saharan Africa has the lowest crypto transfer volume but it has the highest number of small retail payments and use of P2P exchanges.
Sweden’s central bank tests CBDC for retail and international remittance payments
Sweden's Riksbank teamed up with BIS, along with the central banks of Israel and Norway to test the use of Sweden's CBDC "e-krona", results will be published in a report by the first quarter of 2023.
Chainlink launches Economics 2.0 staking programs
The SCALE and BUILD programs are part of the Economics 2.0 plan to secure the network and reward participants by introducing staking.
BIS concludes CBDC pilot with cross-border payments totalling $22M transacted
The Bank for International Settlements (BIS) advisor announced the successful completion of a CBDC project involving multiple Asian central banks and a detailed report to follow this October.
Nexo acquires stake in Summit National Bank to expand US offering
The acquisition will enable Nexo to offer bank accounts, asset-backed loans, card programs, and escrow and custodial solutions to its users in the U.S.
Former IMF official believes CBDCs need to function offline to gain mass adoption
A new blog post by former IMF official tracked the history of offline CBDCs and why he thinks they should used worldwide to promote financial inclusion.
UK should lower crypto tax rate to encourage growth – MP Matt Hancock
Matt Hancock announced during Zebu Live that HMRC needs to take a growth-maximizing mindset by lowering taxes to foster innovation within crypto
Russia’s financial regulators agrees on crypto use for international payments
Russia apex bank and its finance ministry had previously held opposing views on the use of crypto.
Zilliqa launches web3 gaming console with in-built miner and crypto wallet
A web3 gaming console with mining capabilities will be released in early 2023 to onboard new users into the blockchain gaming space
Binance sets up global advisory board to drive responsible regulation of crypto
CZ said that the GAB reflects Binance’s commitment to build trust with regulators as they work towards responsible regulation of the crypto industry.
Helium community votes to migrate to Solana, scores new T-Mobile partnership
The Helium Mobile project would be targeted at dead 5G spots in the U.S. for the wireless network users.
Iran to launch CBDC on Sept. 22
The digital currency — dubbed "Crypto-Rial" — will leverage blockchain technology to turn the Iranian Rial banknotes into cryptocurrency.
XRP bucks market sell off to lead top 100 amid string of positive developments
XRP looks to be decoupling from the wider crypto market amid numerous positive developments, including the possible end of the SEC lawsuit.
IMF calls for coordinated approach to global crypto regulation
The IMF has called on national authorities to consider working towards a global regulatory framework to bridge the gap caused by fragmented regulations.
Here’s how the cryptocurrency market can overcome its macroeconomic woes
Crypto investors are treading a tightrope this year, which looks to extend into the longest bear cycle in crypto history.
Colorado enables crypto payment for taxes
Residents can pay their individual income tax, severance tax, withholding tax, and excise fuel tax in crypto.