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Tag Archives: Blockchain Adoption

JP Morgan Registers Trademark For a New Cryptocurrency Wallet

On November 21, U.S. Patent and Trademark Attorney Michael Kondoudis announced that JP Morgan & Chase Co, the largest bank in the United States— and one of the largest financial companies in the world— registered a patent to venture into the Web3 with a digital crypto wallet. According to Kondoudis, the U.S. Patent and Trademark Office (USPTO) approved the application by JP Morgan & Chase Co.on November 15. The wallet will offer services like virtual currency transfer...

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Horizon Blockchain Games Raises $40 Million From Ubisoft, Take-Two and Other Investors

As NFT games boom, the traditional video game industry is starting to take an interest in Web3 development, investing large sums of money in blockchain gaming companies. On October 04, Horizon Blockchain Games, a startup focused on Web3 game development, announced the raising of $40 million in a Series A funding round, which involved large traditional video game companies such as Ubisoft and Take-Two Interactive. According to Horizon’s press release, the funding round was led...

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Billions of People to Use Blockchain Tech Soon: Pantera Capital CEO

Dan Morehead – head of the institutional asset manager Pantera Capital – thinks there might be many distressed financial sectors in the years to come, but the digital asset industry will not be among them. Similar to his previous statements, the executive argued that a crypto bull market is on its way, while blockchain technology will be employed by billions of individuals in the years to come. Bullish as Usual In an interview for CNBC, Morehead opined that cryptocurrencies...

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Central African Republic Court Deems Unconstitutional to Buy Land, Citizenships With The Country’s Native Cryptocurrency

Earlier today, the Constitutional Court of the Central African Republic (CAR) dictated it was unconstitutional to purchase citizenship, e-residency, and land with the government-backed cryptocurrency “Sango Coin.” As per a Reuters report, the Court said the market’s volatility hindered the crypto project’s feasibility. The price of Sango Coin has been declining since November 2021, four months after its launch. Sango Coin launched on July 21 of 2021. The move was a...

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E-commerce Giant MercadoLibre Launches its Own Cryptocurrency MercadoCoin in Brazil

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 for cashback and purchases inside MercadoLibre’s platform. The developer team also hinted at opening the token to the secondary...

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Telegram Users Can Now Trade TON —In Telegram and OKX

On April 26, the TON Foundation announced a new bot that enables cryptocurrency transactions using The Open Network’s token TON inside the Telegram app. This new feature will benefit the more than 550 million users using Telegram, who will be able to send and receive TON without zero fees benefiting from the blockchain once envisioned by Telegram. The feature launched on April 28, the day TON will be available for purchase on OKX, a Malta-based cryptocurrency exchange...

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Panama Approves Regulatory Law Allowing for Crypto Tax Payments 

The Panamanian Legislative Assembly has passed a bill regulating the commercialization and use of cryptocurrencies. Once signed by the President, it will enable residents of the country to pay their taxes and civil debts using multiple digital assets. A Rival to El Salvador? Gabriel Silva – the 32-year-old Panama congressman behind the bill – announced its passing on Thursday, after it received approval in its third debate. He said the law will help make Panama “a hub for...

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Brazil’s Push to Crypto Adoption and What Does it Mean (Op-Ed)

This week lawmakers in Brazil pushed to advance a bill that would legalize and regulate cryptocurrency— the National Congress of Brazil’s House bill 4401/21. Senator Iraja Abreu, who sponsored a Senate version of the bill (Senate bill 3825/19), dropped his version in favor of the House bill, carrying some provisions over to 4401-21. Bom Trabalho! (That’s Portuguese for “Good work!”) Employing some deft parliamentary maneuvering, Abreu advanced the bill through Brazil’s...

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FIS Partners With Fireblocks to Provide Crypto Trading and Defi for Institutional Clients

Israeli crypto custodian Fireblocks has partnered with FIS – the largest processing and payments company in the world – to bring crypto adoption to capital markets. FIS clients can now access a full suite of crypto investment solutions including trading, storage, and Defi. Bringing Crypto to Institutions According to a press release from the company, FIS is granting firms of all types “access to the largest crypto trading venues, liquidity providers, lending desks, and Defi...

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Ubisoft Backs White Star Capital’s $120M Crypto Fund

The French game developer has doubled down on its cryptocurrency endeavors by backing a digital assets fund in fundraising that could go up to $120 Million. The fund will focus on small and medium-size crypto companies working towards the mass adoption of digital assets. Ubisoft Leads a Crypto-Centric Investment Ubisoft, the video game studio that created globally renowned games like Assassin’s Creed, Far Cry, For Honor, has led a $60 Million investment in White Start...

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