Crypto payments are often seen as a way to boost adoption, but is adoption growing if the business sells crypto right back? The answer is complex. Source: https://cointelegraph.com/public/index.php/news/businesses-accepting-crypto-payments-adoption
Month: November 2023
Stablecoins ‘not a safe store of value’: BIS
The Bank of International Settlements (BIS), a coalition of the world’s central banks, criticized stablecoins as being “not a safe store of value” in its latest research report dated Nov. 8. In outlining its reasons, the BIS explained that from January 2019 to September 2023, fiat-backed stablecoins maintained their peg ratio only 94% of the time, less than the 100%…
BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC
Bitcoin’s (BTC) rally stalled near $36,000, but the bulls have not hurried to book profits. According to Glassnode analysis, the Long-Term Holder metric, which are addresses holding Bitcoin for at least 155 days, supply is near an all-time high, while the Short-Term Holder, addresses holding coins for less than 155 days, supply is near an all-time low, indicating tightening Bitcoin…
Visa launches global AI advisory practice focused on generative systems
Visa announced the launch of its new global AI advisory practice on Nov. 8. The consultation service will be part of Visa Consulting & Analytics (VCA) and, according to a press release, will focus on “providing actionable insights and recommendations to empower clients to unlock the potential of AI and utilize generative AI.” Citing its “30-year AI legacy,” Visa announced…
New BTC price levels to watch as Bitcoin avoids $36K
Bitcoin (BTC) has new short-term BTC price targets as consolidation mixes with bouts of volatility. After a classic “short squeeze” took the largest cryptocurrency to near $36,000, Bitcoin market participants are highlighting key levels to look for from Nov. 8 onward. Bitcoin buy liquidity inches down to $34,000 Bitcoin is facing hurdles overcoming resistance at the $36,000 mark, and several…
HKEX-listed tech firm launches $15M Bitcoin fund
Linekong Interactive, a gaming and film production company headquartered in Beijing and listed on The Stock Exchange of Hong Kong (HKEX), is allocating $15 million to invest in projects building on the Bitcoin network. Wang Fang, the founder of Linekong, said in a Nov. 8 tweet that the fund, dubbed “BTC Next,” will be used to accelerate emerging projects in the Bitcoin…
Polygon Labs and NEAR announce ZK prover for WASM integration
The developers of the NEAR and Polygon networks are teaming up to create a zero-knowledge (ZK) prover for Web Assembly (WASM) blockchains, according to a joint announcement on Nov. 8. The new prover, called “zkWASM,” will for the first time allow WASM-based networks to join the Polygon ecosystem. Zero-knowledge, meet Web Assembly. The NEAR Foundation and @0xPolygonLabs are set to…
‘Disrespectful and Dangerous’: Video Game Writers, Actors Blast Microsoft for Xbox AI Tools
As tech companies continue to push for AI development, the humans expected to use such tools are increasingly sounding the alarm about potential job losses and the poor-quality content that could result from AI tools. Microsoft and its M12 Ventures portfolio company, Inworld AI, announced that the tech firms are developing generative AI tools for video games. Billed as a…
Gucci Cosmos Land Opens in The Sandbox Metaverse Game
Luxury fashion house Gucci has brought its archival exhibition in London to the metaverse, opening Gucci Cosmos Land in The Sandbox virtual world game. The digital experience allows visitors to explore decades of Gucci history and iconic designs through an interactive journey, the company announced Wednesday. “Gucci Cosmos Land is a new way for fashion and history lovers alike to…
HSBC, Ripple-Backed Metaco to Launch Tokenized Custody Service Next Year
Major global banking institution HSBC today announced a partnership with Metaco, a tech firm owned by Ripple, to introduce an institutional custody platform for tokenized securities. The bank, which boasted a whopping $9.1 trillion in custody at the end of 2022, aims to launch the new service in 2024, in sync with its existing digital asset issuance platform, HSBC Orion,…