Thu, 27 Aug 2026 03:44:30 GMT
Close ✕
According to the most recent data, August saw approximately 14,930 developer contributions on Polkadot's GitHub, setting a new monthly ATH by a significant margin. Again despite the prolonged cryptocurrency bear market, this time in September, Polkadot outperformed the former margin by finishing the month with 15,433 contributions, which is the most ever seen on any network, including Ethereum.
The debut of the pre-Shanghai network "Shandong'' testnet was announced by the Ethereum Foundation as it's anticipated to launch at the latest by September 2023, according to core developers. Many Ethereum Improvement Proposals (EIPs) will be tested in Shandong before being built, modified, and then narrowed down to the small number of upgrades that will be included in Shanghai when it eventually goes live.
Suresh Kumar, the global chief technology officer of Walmart, predicts that in the future, customers' ability to pay for both digital and tangible goods will be majorly disrupted by cryptocurrencies. On October 17, Kumar discussed Walmart's stance on digital assets in a speech at the Yahoo Finance All Markets Summit. He noted that crypto will play a significant role in how customers transact for both tangible and intangible goods.
In the third quarter of 2022, Germany's crypto economy became the most promising in the entire globe, claims a recent study. The joint top-rank holder from the previous quarter, the United States, dropped six spots to place sixth on the list of the top crypto economies. In order to assess countries, Coincub's crypto economy rankings took into account a number of variables, including a promising crypto future, transparent crypto tax laws, and more open regulatory communications.
In its most recent cryptocurrency-focused initiatives, investment bank Société Générale, France’s third-largest lender by market cap, has received approval to run digital asset services in France. The custody, purchase, sale, and exchange of digital assets are all covered by SG Forge's registration. Before offering services like cryptocurrency custody or running a trading platform in France, providers must register with the AMF.
According to CNBC, payment giant Mastercard is expected to reveal plans for a program that will assist institutions in offering bitcoin and cryptocurrency trading soon. In order to "bridge" the gap between banks, Mastercard will cooperate with Paxos and ensure security and regulatory compliance, which are the two major reasons many institutions have cited for staying away from bitcoin and other cryptocurrencies.
As the country further adopts blockchain technology, South Koreans may soon permit its residents to utilize blockchain-based digital identity (ID) in place of traditional cards as early as 2024, with around 45 million citizens expected to adopt the technology within two years. In the future, digital IDs will be integrated as apps within mobile devices, working similarly to real resident registration cards, according to a report from Bloomberg.
The Brazilian state of Parana's capital, Curitiba, is thinking about allowing cryptocurrency payments for municipal taxes. City councilor Noemia Rocha, who is the project's architect, urged the city to take into account how this might be accomplished with the aid of third-party payment businesses. The idea encourages Curitiba, which is a tech centre in the nation to investigate the potentials.
An executive council of Macau, a special administrative area on the south coast of China, recently finished debating a draft measure that would include digital forms of money on its list of approved financial instruments. The draft law in Macau, according to the article, aims to ensure that digital currency and other kinds of money have equal standing in addition to making improvements to the country's legal framework.
Larger financial organizations like Charles Schwab (NYSE: SCHW) and Fidelity are steadily developing cryptocurrency exchange-traded funds (ETFs) as a result of their gradual embrace of cryptocurrencies. According to the most recent data from the global wealth managers survey from GlobalData released on October 13, high-net-worth investors (HNW investors) continue to be interested in investing directly into the asset class.
According to a Bank of America assessment, 75% of US investors up to the age of 42 believe that alternative financial products including commodities, real estate, private equity, and cryptocurrency should have a place in their portfolios. They noted that investing exclusively in conventional equities and bonds cannot ensure future financial success. Comparatively, only 32% of individuals above that age have distributed 5% of their money to cryptocurrency
India would create standard operating procedures (SOPs) for cryptocurrencies while holding the G20 presidency from December 1, 2022, to November 30, 2023, according to Nirmala Sitharaman, the country's finance minister. Sitharaman has previously called for international cooperation to decide on the future of cryptocurrencies and has been wary of widespread use of cryptocurrencies. She confirms that crypto will also be part of India's agenda during the G20 presidency.
In an interview with CNBC in October, former CEO of Morgan Stanley (NYSE: MS) John Mack recognized that cryptocurrencies will become "a big method that monetary transactions take place" in the future. According to Mack, there are a number of advantages that digital assets have over the conventional financial industry, and cryptocurrencies will be essential to the digitization of the economy.
While the United Kingdom continues to investigate how to address cryptocurrencies, a sizable proportion of banks in the region are willing to allow clients to deal with digital assets. In this regard, only 47% of UK banks have policies prohibiting consumers from engaging with cryptocurrency exchanges, with the majority citing security concerns. This means the other 53% allows its customers to use crypto exchanges.
The Financial Stability Board (FSB), an international agency that monitors and offers recommendations regarding the global financial system, has produced a crypto regulation framework that calls for the passage of regulations that are proportional to the risks posed by the industry. The FSB specifically suggested that crypto laws should be comprehensive and universal across all jurisdictions while also aiming to preserve industry developments.
GK8 has collaborated with 2ND Market, a Brazilian crypto holding firm, to increase bitcoin product offerings in Brazil, which both companies say will encourage sustained growth in Latin America's largest economy. GK8 will license its institutional-grade custody technology to 2ND Market as part of the cooperation arrangement, giving Brazilian users access to a broader choice of crypto products and services.
The financial institution's Financial System Review, which includes some important details related to the ecosystem for digital assets, was issued by the Bank of Canada. The percentage of Canadians who possess bitcoin increased from 5% in 2018-2020 to 13% in 2021, according to a blog post from the Bank of Canada. This rise came after substantial rises in Canadians' wealth and savings during the pandemic.
Legendary value investor Bill Miller is still optimistic about his two favorite assets, Amazon and Bitcoin, despite the market slump of 2022. The former CEO of Legg Mason described cryptocurrencies as "misunderstood" and described Bitcoin as a "insurance policy against financial disaster" in a recent interview. He claimed that the current Fed Crisis around developing companies is a fantastic chance to get more firm shares for less money.
According to a senior official at credit card behemoth Mastercard, the company is aiming to realize the full potential of cryptocurrency assets. Raj Dhamodharan, head of crypto and blockchain at Mastercard, says the business intends to live up to the much anticipated expectation of cryptocurrencies as workable payment options. Bringing together the various financial services industries, according to Dhamodharan, is the secret to success in this area.
The parent company of cryptocurrency wallet MetaMask, ConsenSys, revealed this week that Sardine, a finance startup, has integrated with MetaMask to make it simpler for consumers to convert their money into cryptocurrency. Instead of waiting for traditional financial transfers to clear, MetaMask users will now be able to instantaneously fund their cryptocurrency wallets via bank transfers.
Bitcoin is now becoming considerably more significant, according to investor, entrepreneur, and author of the well-known financial literacy book "Rich Dad, Poor Dad" Robert Kiyosaki. The current U.S. and global economic crisis, in which stock markets are collapsing, the unemployment rate is rising, and pensions are collapsing as well, was brought up by Kiyosaki on Twitter. In this situation, he believes Bitcoin to be something that may protect one's wealth.
metaverse, a leading provider of video games in Japan, is working to diversify its crypto talent pool while concentrating on providing Web3 and metaverse experiences and attempting to enter the non-fungible token (NFT) market. According to Konami, it is committed to research and development so that its games and other content offerings can use "the newest technology." Additionally, the business has stated that it plans to launch an NFT trading platform.
The first batch of "cross-chain XRPL tokens," according to the announcement posted on Medium by Wanchain developers, goes online. The transfer of these tokens from XRPL to other L1s can therefore be done without any issues. Through specially designed one-time addresses, XRPL-based assets can now be moved to a number of popular programmatic blockchains, including Ethereum, BNB Chain, XinFin XDC Network, and Wanchain. The initial assets that are supported are NVL, GZX, xBILBx, and XList.
Ethereum has been able to add roughly 86,945 new unique addresses every day since the Merge upgrade on September 15. The number of addresses was 205,410,380 before the upgrade, and it was 208,018,737 on October 14. In general, the newly created unique addresses show that more individuals are becoming interested in Ethereum as they try to learn more about the network, which continues to experience growth in use cases like decentralized banking (DeFi).
You may now use Dogecoin, XRP, and other cryptocurrencies supported by Binance Pay to purchase tickets on Entertix, the largest ticketing site in Romania. Changpeng Zhao (CZ), the creator of Binance, announced on Twitter that Binance Pay is now accessible on Entertix, the largest ticketing website in Romania. Users can now purchase team and many other event tickets using supported cryptocurrency.
Despite worries about ongoing market volatility, DBS thinks Bitcoin (BTC) still presents a "unique" possibility since it allows for continuous trading without the requirement for a third party to handle transaction clearing. The uniqueness of Bitcoin, according to DBS financial strategist Daryl Ho, is not based on its price but rather on its use, which enables money to be moved in a decentralized manner without the need for a central counterparty.
The largest cryptocurrency exchange in the world, Binance, has announced a $500 million lending pool for Bitcoin miners as the industry is put under pressure by energy costs, low Bitcoin prices, and higher-than-ever mining difficulty. According to the business, the goal of its Binance Pool project was to "secure debt finance global blue-chip public and private Bitcoin (BTC) mining and digital asset infrastructure enterprises."
The former European Parliament member compared Brexit's role in waging a political insurgency to the opposition Bitcoin faces today. Farage thinks that using bitcoin can give people back control over their lives and financial situations. Farage also supports Bitcoin because the technology has been demonstrated to function and is improving. He argued that governments cannot touch Bitcoin. Bitcoin is the ultimate freedom in that they cannot tell him what he can and cannot do.
The central bank of Singapore has granted preliminary authorization to Crypto exchange Blockchain.com, the newest cryptocurrency business, to offer Digital Payment Token services in the city-state. The regulatory certification for Blockchain.com comes shortly after Coinbase announced on October 11 that it had obtained the similar "in-principle" approval from the Monetary Authority of Singapore (MAS).
According to DappRadar's most recent BGA Games Report, blockchain games and metaverse projects raised a total of $1.3 billion in venture capital between July and September. Despite a 48% decrease from the second quarter, this amount was still more than twice what was raised overall in 2021. According to DappRadar, approximately 36% of the quarterly funding went toward initiatives centered on the Web3 metaverse infrastructure
Despite the challenging circumstances on the cryptocurrency market, Ark Investment Management analyst Yassine Elmandjra, who earlier made an audacious $1 million Bitcoin prediction, is not backing down. The market will likely rebound before the conclusion of the cycle of monetary policy tightening, and we will experience another bullrun in the middle of this decade, according to him, therefore the $1 million estimate stands
Retail investors may have fled the cryptocurrency bear market, but venture capitalists still sought out DeFi ventures to fund. Uniswap revealed today that Polychain Capital had led its most recent $165 million fundraising. TechCrunch stated last month that the round, which was still in progress, may raise between $100 million and $200 million, with Polychain and a Singapore-based sovereign investment fund involved. The most recent round values Uniswap at $1.6 billion.
The pilot phase of China's central bank digital currency (CBDC) experiment has seen close to $14 billion, or 100.04 billion yuan, in transactions. This makes the electronic Chinese yuan, or e-CNY, the most frequently used CBDC globally. By the end of the summer, 360 million transactions had been made in 15 provinces under the CBDC pilot program, the Bank of China stated in the article.
The adoption of a private blockchain system has been announced by Samsung, a Korean consumer electronics and software giant, as a means of enhancing the security of its smart products. The Knox Matrix technology, which will connect the many smart devices that are available on a network to improve security through "multi-layered mutual monitoring," was introduced as a redesign of Samsung's current security strategy.
Leading blockchain network Tron has signed a deal with the Dominica's government to legalize its native tokens as digital money on the Caribbean island. Justin Sun, the founder of Tron, announced the achievement by saying that Dominica now accepts TRX, BTT, JST, NFT, USDD, USDT, and TUSD as forms of payment. According to the government, tax payments made in native tokens of the blockchain would be accepted.
Despite sporadic setbacks brought on by regulatory or macroeconomic challenges, the adoption of and use cases for cryptocurrencies and blockchain technology are expanding among major international institutional actors. According to a survey by business blockchain adoption analytics platform Blockdata, 44 out of the top 100 public companies by market capitalization across six major sectors are really actively using blockchain in some form right now.
Binance, a cryptocurrency exchange platform, has completed the 21st quarter of its burn, depleting its supply of BNB tokens by about $547 million. In a statement, Binance revealed that it has destroyed 2,065,152 BNB coins in total, which are currently worth slightly under $600 million. The exchange also said that 4,833.25 BNB more were burned through its Pioneer Burn Program, a tool for individuals who unintentionally lost their digital assets.
Digital asset exchange Crypto.com has chosen Paris, France as the location of its European headquarters, and the company has made a $145.7 million investment there to launch the new activities. The Singapore-based cryptocurrency exchange declared that it wants to recruit local talent to assist its European operations and that its new regional headquarters represents its long-term commitment to France.
By the summer of 2022, 18% of Americans had bought various cryptocurrencies. The percentage has increased by 125% from the 8% of Americans who had investments in cryptocurrencies during the summer of 2020. 15% of Americans still intended to invest in cryptocurrencies by the summer of 2022, demonstrating the continued optimism in the industry despite the slump in the market.
Bitcoin owners in El Salvador will soon be able to use the "tap-to-pay" function anywhere near-field communication services (NFC) card readers are present. The Lightning Network would be used by the cardless pay service to enable retail BTC transactions. Apart from the country's acceptance of BTC as legal tender, CoinCorner claimed that a flood of complaints regarding its user experience, which the company wants to address, served as the impetus for its expansion.