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Search Results for: crypto adoption

Web3 Working Group launches with $2M to drive adoption of Web3 infrastructure

Backed by Arweave,The Graph, Livepeer, and Akash, nonprofit aims to educate and drive adoption of web3 infrastructure SAN LUIS OBISPO, Calif.–(BUSINESS WIRE)–The Web3 Working Group, a 501(c)(3) nonprofit organization, launched today with $2 million from donors and partners like Arweave, The Graph, Livepeer, and Akash to educate the public and

December 1, 2022 4 mins read

TradFi Giant TP ICAP Acquires a UK Crypto License

TP ICAP, the world’s largest interdealer-broker, has licensed as a digital asset provider with the UK’s Financial Services Authority in an attempt to enter into the crypto world through its Fusion Digital Assets platform. The company, a giant in the spot market for traditional finance (TradFi), is partnering alongside custodian

December 1, 2022 1 min read

South Korea NFT Market Intelligence Report 2022: Market is Expected to Grow by 47.3% to Reach $938.6 Million in 2022 – Zero Tax on Digital Assets has Propelled the Adoption of NFTs – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “South Korea NFT Market Intelligence and Future Growth Dynamics Databook – 50+ KPIs on NFT Investments by Key Assets, Currency, Sales Channels – Q2 2022” report has been added to ResearchAndMarkets.com’s offering. NFT industry in South Korea is expected to grow by 47.3% on an annual basis to

December 1, 2022 5 mins read

Italy’s Proposed 2023 Budget Includes 26% Tax on Crypto Gains

Adding to the recent measures taken by Portugal, another European nation plans to increase crypto trading taxes. Italy’s proposed budget for 2023 includes a measure that would impose a whopping 26% tax on crypto-related capital gains. This tax bracket, however, kicks in whenever crypto revenues are above €2,000 (approx $2,062).

December 1, 2022 1 min read

Crypto.com Releases Turkish Lira (TRY) Fiat Wallet For Users in Turkey

Turkey is a crucial expansion region for Crypto.com, the world’s top cryptocurrency platform for licenses, registrations, and security certifications. As a result, the company is constantly adding new products and services for its customers there. Recently, Crypto.com announced the release of a Turkish Lira (TRY) Fiat Wallet for Crypto.com App users

November 30, 2022 1 min read

Binance Expands Into Japan, Acquires Regulated Crypto Exchange Sakura

Binance, the leading cryptocurrency exchange, has entered the Japanese crypto market with the takeover of a regional trading platform, Sakura Exchange BitCoin (SEBC). According to the recent announcement from Binance, it has acquired 100% of the Osaka-based SEBC exchange, which is authorized by Japan’s Financial Services Agency (FSA).  With the

November 30, 2022 2 mins read

Crypto Exchange Lemon Cash Lays Off 100 Employees

Citing the difficult economic conditions and the absence of a clear recovery horizon in the venture capital sector, cryptocurrency exchange Lemon Cash said on Thursday that it will be laying off 38% of its workers, or over 100 people. CEO Marcelo Cavazzoli said in an interview that both the Argentine

November 27, 2022 1 min read

Implementation of “National Cryptocurrency Exchange” in Russia

Despite the critical condition of the crypto market, the adoption rates of the crypto industry is growing on a large scale. Even though the market is highly fluctuating, users are showing great interest in crypto space. Witnessing these positive outcomes, Russia is moving forward to launch a “National Cryptocurrency Exchange”

November 24, 2022 2 mins read

Binance Remains Unaffected From the Crypto Crisis?

The adoption of cryptocurrency is spreading over the variant continents undoubtedly, but still, the position held by the fiat currencies is vital. It may take a few more years for crypto to be in everyday use. Prominent crypto firms like Binance, are acting as catalysts to speed up this process.

November 24, 2022 1 min read

Nucleo Raises $4 Million Seed Round to Build Privacy Crypto Infrastructure for Organizations

Seed Round Led by Bain Capital Crypto and 6th Man Ventures with Participation from Leading Privacy Networks including Aztec, Aleo, and Espresso Systems NEW YORK–(BUSINESS WIRE)–Nucleo, the first private, non-custodial, auditable multi-sig on Ethereum that provides the privacy infrastructure required for a new wave of organizations to go on-chain, today

November 22, 2022 3 mins read