Adidas’ Web3 ambitions may soon include the inclusion of a cryptocurrency. But it won’t be as simple as just adding a payments plugin. “We’ve talked about it, but I don’t know if that’s really solving a problem,” Adidas’ Web3 lead Erika Wykes-Sneyd told Decrypt today at NFT Paris. She added that it’s not “an expensive proposition,” especially when there aren’t…
Bitcoin (BTC) threatened to ditch $23,000 as support on Feb. 25 as an ongoing price correction strengthened into the weekend. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView BTC price support inches lower Data from Cointelegraph Markets Pro and TradingView showed BTC/USD attempting to make a decision on the fate of the $23,000 mark on the day. The pair had lost…
It’s the technology that dare not speak its name. Are you looking for NFTs on Reddit or Instagram? You’ll have much better luck searching for “digital collectibles” instead. Remember when blockchain was briefly sexy? The Bitcoin mining firm formerly known as Riot Blockchain recently rebranded itself as Riot Platforms. The World Economic Forum’s head of blockchain and digital assets, Brynly…
The second-largest bank in Germany, DZ Bank, is preparing to become a provider of custody services for crypto assets. The offering will be facilitated by a partnership with Metaco, a Swiss company that specializes in helping financial institutions to operate in the digital asset space. DZ Bank to Use Metaco’s Harmonize Platform to Launch Crypto Custody Services DZ Bank, part…
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) Non-fungible tokens (NFTs) are getting a major facelift. “Life was a whole lot better when you bought a jpeg, enjoyed the jpeg, and didn’t expect anything to come with it,” wrote Robness V2 on Twitter earlier this week. It’s a comment on NFTs as exclusively pieces of art; pico top…
Financial giant JPMorgan has announced it will open a new blockchain innovation lab in Greece. The lab will be focused on the development of applications on top of Onyx, the blockchain platform launched by the bank in 2020, and on digital identity solutions. JPMorgan to Push Blockchain Development in New Innovation Lab JPMorgan, the investment bank with millions of customers…
In a joint statement released by three United States federal agencies, the banking sector was advised against creating new risk management principles to counter liquidity risks resulting from crypto-asset market vulnerabilities. The Board of Governors of the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released a statement reminding banks…
This week in coins. Illustration by Mitchell Preffer for Decrypt. It was a week of all-around losses, with holders of the two biggest cryptocurrencies by market capitalization also hit by the bearish price action. Market leader Bitcoin (BTC) only depreciated by 6% over the last seven days and currently changes hands at $23,136, according to CoinGecko. Ethereum posted a slightly…
During the first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under India’s presidency, the members were invited to discuss key financial stability and regulatory priorities, among other policy approaches. India urged member nations to build and understand the macro-financial implications of crypto assets and recommended formulating a coordinated global policy. India’s Finance Minister, Nirmala Sitharaman, has historically supported…
Chain Reaction, a Tel Aviv-based blockchain startup, announced it has raised $70 million as part of its Series C funding round. The objective of the company is to expand its engineering staff to accelerate the production of its blockchain-focused silicon and collaborate in the development of its cryptographic-focused chips. Chain Reaction Raises $70 Million in Series C Funding Round Chain…
