Tag Archives: Blockchain Adoption

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...

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...

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...

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...

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...

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...

Interest in Web3 continues to increase as more companies race to invest in the next big thing. Nexo – a well-known crypto participant – is the latest to jump on the bandwagon. Nexo – a regulated and amongst the leading digital asset service providers – revealed today that they are launching a new fund aimed at investing in Web3-focused projects. The initiative is called Nexo Ventures and launches with an initial goal of investing $150 million. The key areas that the new arm...

Greg Girasole and Alex Kriete, who were spearheading the recently-launched digital assets group for Wall Street giant Citigroup have announced departing the firm. Citi Execs Bid Adieu According to Kriete’s LinkedIn post, the duo is all set to create their own startup in the blockchain and digital asset space. “Over five years ago my personal interest and subsequent writing about blockchain-enabled digital assets (yes, “crypto”) led to an amazing network of colleagues across...

A new cryptocurrency-themed restaurant called “Doge Burger” has launched in Dubai, allowing customers to pay for their food using digital assets. It will offer many “doge-inspired” burgers which can be delivered directly to customers’ doors. As revealed by Dogeburger’s Instagram page, Doge Burger went live and began accepting orders on Thursday. The restaurant will offer food delivery directly to people’s doors, including various fry and burger options. Its packaging appears...

The latest report from DappRadar is up, and the numbers reveal a clear trend in the growing GameFi section. It appears that the interest in the space is higher than ever as money keeps finding its way into blockchain-based online gaming projects. GameFi Thriving According to January’s report by popular data resource, DappRadar, GameFi is booming, and blockchain-based online games received over $1 billion in funding in January alone. For comparison, for the entire 2021, the...