Blockchain 

Adoption Shortcut or Blockchain Purists’ Nightmare?

The major digital asset services platform Coinbase has recently announced the long-anticipated completion of a deal that has been in progress since at least May: the acquisition of Xapo’s institutional business. The move projects Coinbase Custody to the status of the world’s largest institutional digital asset custodian, securing more than $7 billion on behalf of over 120 clients globally. According to some estimates, Coinbase could now be holding over 5% of all Bitcoin in circulation. Xapo, founded by early crypto evangelist Wences Casares and reported to be stashing cryptocurrency in secure vaults hidden…

Read More
Cryptocurrency 

Crypto Adoption has Yet to Hit the Masses

The cryptocurrency industry may be popular, but that doesn’t mean it has seen mass adoption. Even Vitalik Buterin, the creator of Ethereum, agrees. Speaking to The Toronto Star recently, the 25-year old multimillionaire provided reasons why he thinks crypto adoption has yet to catch on. Crypto Adoption: Why Hasn’t It Happened Yet? Yesterday, The Star posted an article focusing on Buterin’s thoughts on why crypto adoption has yet to happen and what the industry can do to boost the adoption of virtual currencies. One of the main issues Buterin discussed…

Read More
Blockchain 

Cardano Partners With Blockchain Venture Studio to Accelerate Adoption

The Cardano Foundation has partnered with Berlin blockchain venture studio Konfidio to accelerate Cardano adoption. A strategic partnership An announcement published by the Cardano Foundation on Aug. 15 reveals that the foundation has partnered with Konfidio. The partnership will aim to enable real-world business cases on the Cardano blockchain. Per the announcement, the initial focus of the collaboration will be on use cases in banking, logistics, pharmaceutical industries and trade finance, with government and public service use cases to follow. Chairperson of the Cardano Foundation, Nathan Kaiser, pointed out that…

Read More
Blockchain 

Development ‘On the Chain’ to Promote Off-Chain Blockchain Adoption?

In the last decade, blockchain and distributed ledger technology has had an immense impact on a multitude of industries, with 84% of organizations experimenting with the technology, with more than half (52%) of blockchain projects in the research and development phase, according to the PwC Global Blockchain Survey.  The industries making important strides forward with blockchain include financial services, manufacturing, energy and utilities, health care, as well as government sectors, but the potential of the technology is limitless. Ultimately, any business that is looking to simplify the processing method of…

Read More
Blockchain 

Blockchain Adoption Takes Off in Airlines, Aviation Industry

In an era in which catching a flight is easier than renting a car, and an estimated 40 million flights will occur this year alone, it is understandable that competition is fierce, and even the smallest advantage may be the difference between leading the industry and being forced into an unwanted merger. Last year, Cointelegraph discussed the potential benefits the blockchain industry can have for airlines. Fast-forward 12 months and the waves this technology is making not only for airlines but also air travel and the aviation industry as a…

Read More
Bitcoin 

New Blockchain Partnership Aims to Pave the Way for Mass Adoption in China

A blockchain platform and a mobile gaming company have unveiled a partnership designed to benefit hundreds of millions of users. High Performance Blockchain (HPB) has announced it is the first public chain to team up with gaming company Shanghai Youwan — paving the way for widespread adoption by the customers of some of China’s biggest brands. According to HPB, this integration means that its coins can be converted into in-game currency that can be used on an array of titles. Players will also have the freedom to make conversions into in-game…

Read More
Ethereum 

Network Effects Could Spark Blaze of Digital Money Adoption

The International Monetary Fund (IMF) has argued that network effects could spark the blaze for the mass adoption of new digital monies. In a fresh report published on July 15, the IMF aims to create a conceptual framework for categorizing new digital monies such as Facebook’s Libra and stablecoins as well to think through the implications of their emergence for central bank policy. In its analysis of e-monies — including but not limited to blockchain-based assets — the IMF identifies six factors that could drive their rapid growth for payments:…

Read More
Ethereum 

Russia to Postpone Adoption of Bill on Digital Currencies

Russia’s parliament, the State Duma, may defer the adoption of the country’s major crypto bill “On Digital Financial Assets” (DFA) until the autumn session, local news outlet TASS reported on July 9. The Duma is considering shifting the adoption of the DFA bill to the autumn session, while the representatives have largely agreed on a bill on crowdfunding, according to the chairman of the State Duma Committee on Financial Markets, Anatoly Aksakov. Aksakov further explained that officials have not been able to reach a common position on the fate of…

Read More
Bitcoin 

Litecoin ‘Excellent’ in Adoption and Investment Returns

American provider of investment data Weiss Ratings has ranked Litecoin (LTC) as “excellent” in regards to investment rewards and adoption Digital currency ratings unit Weiss Crypto Ratings has classified the fourth largest cryptocurrency in terms of market capitalization LTC as “excellent” when it comes to investment rewards and adoption. At the same time, the agency ranked the altcoin’s investment risk factor as “fair,” which resulted in the B- rate in the risk to reward ratio. Litecoin — a cryptocurrency and an open-source project released in 2011 with the idea to…

Read More
Ethereum 

Coinbase Releases Key Findings on Crypto Awareness and Adoption in US

Major American cryptocurrency exchange Coinbase released key findings about awareness and adoption trends related to digital currency in the United States in a blog post published on June 28. Coinbase’s survey that spans the past year and 2,000 participants revealed that cryptocurrency awareness in the U.S. has continued growing, with 58% of Americans having heard about bitcoin (BTC). Of them, some expressed a desire to diversify their investment portfolios with digital currencies, were excited by crypto’s idea of a worldwide currency, or liked the absence of high transfer fees. The…

Read More