EY said it chose Ethereum instead of a private network as it is cheaper, more confidential and prevents a party from gaining a “strategic advantage” over another.
Adoption News
In general, adoption, as it relates to the technology world, is the process of something becoming more widely used and well known. Blockchain adoption has increased over the years since Bitcoin (BTC) launched in 2009 as an asset running on blockchain technology. Distributed ledger technology, or DLT, has caught the attention of mainstream companies for various use cases, such as supply chain management, while many crypto-native projects continue harnessing the tech.
Bitcoin adoption has also grown since the asset first came into the world, with entities showing greater interest in allocating funds to BTC. The Bitcoin adoption rate has increased over time. Cryptocurrency adoption, in general, has also increased, as assets other than Bitcoin have gained publicity.
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Excitement around the upcoming Bitcoin halving has seen a continued increase in searches for the term on Google.
2032The Deutsche Bundesbank is the fourth central monetary authority to conduct research in conjunction with MIT’s Digital Currency Initiative.
509Kraken Wallet will initially support coins, tokens, NFTs and DeFi assets on eight blockchains.
925Austin Federa, head of strategy at the Solana Foundation, addresses concerns around the latest network outages in an exclusive interview with Cointelegraph.
1946Worldcoin introduces World Chain, a new blockchain initiative designed to prioritize human users, enhance efficiency and foster real-world utility in Web3 applications.
9875Web3 advertising platform Addressable is tapping into AppsFlyer’s mobile analytics to improve marketing for mobile applications.
351A Web3 competitor to the popular Oura wellness ring is making personalized health insights and AI coaching possible through user-owned, monetizable data.
6533Memecoin mania has swept crypto, particularly Solana, and SideShift founder Andreas Brekken weights on whether they are overall positive or negative for crypto.
1673Due to their initial lack of utility, Runes will trade akin to volatile memecoins at the beginning, according to pseudonymous DeFi researcher Ignas.
3309New Zealand’s central bank has taken a four-stage approach to CBDC issuance and aims to issue an in-house digital dollar by 2023.
2746The number of Web3 venture capitalist deals also rose 36% in the first quarter of 2024, indicating wider interest in Web3 protocols.
3444The market for Bitcoin L2s could meet and exceed Ethereum L2s with continued development, according to Stacks’ product lead.
3875Tether CEO Paolo Ardoino says adding new players to the stablecoin landscape is crucial to increasing legitimacy in the eyes of regulators.
1439Pavel Durov, founder of Telegram Messenger, believes that governments’ decreasing tolerance toward privacy will force innovations around secure communication hardware devices.
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