Galaxy Digital Report Predicts Bitcoin NFT Market Could Reach $4.5 Billion by 2025

March 4, 2023 Bitcoin.com

Galaxy Digital Report Predicts Bitcoin NFT Market Could Reach .5 Billion by 2025

Adoption

As the number of Bitcoin-based Ordinal inscriptions nears the 300,000 mark, Galaxy Digital’s research team published a report on the subject that says the market size of non-fungible tokens (NFTs) built on Bitcoin could reach $4.5 billion over the next two years. The researchers at Galaxy think that new use cases stemming from the inscription […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Eclipse to Launch Rollup Blockchain for Polygon Network with Solana Compatibility

February 24, 2023 Bitcoin.com

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Customizable rollup provider Eclipse announced that the startup is launching a scaling solution that is compatible with Solana and Polygon. Eclipse disclosed that the Layer 2 blockchain can run smart contracts on Solana, and decentralized applications (dapps) will be easily migratable to the Polygon Sealevel Virtual Machine (SVM). How Eclipse’s L2 Scaling Concept Hopes to […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Sony and Astar Network Launch Web3 Incubation Program for NFT and DAO-Focused Projects

February 19, 2023 Bitcoin.com

3D animation

On Feb. 17, 2023, Tokyo-based Sony Network Communications announced that it is co-hosting a Web3 incubation program with the multichain smart contract platform Astar Network. The program has started accepting applications, and Sony and Astar will jointly mentor Web3 projects “focused on the utility” of non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs). Sony and […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

FTX’s $5.5 Billion in Alleged ‘Liquid Assets’ Includes Locked SOL Cache and Illiquid FTT Holdings

January 19, 2023 Bitcoin.com

Assets

Two days ago, bankruptcy administrators and FTX debtors published an update for unsecured creditors claiming the discovery of $5.5 billion in liquid assets. Roughly $3.5 billion of these funds are cryptocurrency assets, with 11 different digital currencies classified as “liquid assets.” However, two of the firm’s top cryptocurrency caches are not liquid as the company’s […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

China’s Digital Yuan Little Used, Former Central Bank Official Says

December 31, 2022 Bitcoin.com

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Trials of the digital yuan have produced disappointing results, according to a report quoting the former head of research at the Chinese central bank. The new form of national fiat has brought no benefits to the banks and should expand beyond being employed only as a substitute for cash, the banker believes. Common People Used […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Ethereum Creator Vitalik Buterin Names Four Reasons Why the World Needs Crypto Money

December 21, 2022 The Daily Hodl

Blockchain

Ethereum (ETH) creator Vitalik Buterin is citing four significant reasons why the world needs cryptocurrency after the FTX collapse has emboldened its naysayers. In a new interview on the Bankless podcast, Buterin highlights four use cases illustrating the benefits crypto brings people throughout the world. Buterin says crypto is already a better way to make […]

The post Ethereum Creator Vitalik Buterin Names Four Reasons Why the World Needs Crypto Money appeared first on The Daily Hodl.

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Australia Issues White Paper for Central Bank Digital Currency

September 28, 2022 Bitcoin.com

Australia

Reserve Bank of Australia is researching the potential benefits of launching a central bank digital currency. The monetary authority released a white paper outlining its goals and invited interested parties to participate with proposals and suggest pilot projects. Central Bank of Australia to Pilot CBDC Until Middle of 2023 The Reserve Bank of Australia (RBA) […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Reserve Bank of Australia to Pilot Digital Currency, Explore Use Cases

August 10, 2022 Bitcoin.com

Australia

The monetary authority in Australia is beginning research into the potential economic benefits of issuing a central bank digital currency. Within the project, the regulator hopes to identify use cases and intends to develop a limited-scale pilot. Central Bank of Australia Working on Digital Currency Program The Reserve Bank of Australia (RBA) announced the launch […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Chinese Banks Seek New Applications for Digital Yuan in Investment and Insurance

September 1, 2021 Bitcoin.com

Applications

Two Chinese banks are expanding their pilot programs for the digital national fiat. The state-owned financial institutions have revealed they are aiming to allow digital yuan holders to acquire investment funds and insurance products using the new currency. Chinese Banks Partner With Fund Managers and Insurers in Search of Digital Yuan Use Cases China Construction […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Survey: Financial Sector Wants Ukraine’s CBDC to Facilitate Transactions in the Crypto Market

July 11, 2021 Bitcoin.com

bitcoin.com

A survey conducted among financial professionals has indicated that the industry wants Ukraine’s future digital currency to be used as a tool in the crypto space. The financial sector also favors a blockchain design for the e-hryvnia that would allow peer-to-peer transfers and fuel e-commerce. Financial Experts Define Potential Uses of Ukraine’s Digital Currency The […]

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