November 2022 - CryptoCurrencyWire

WednesdayNov 30, 2022 9:00 am

Cryptos Rise Modestly on Thanksgiving as the Industry Recovers

The major cryptocurrencies, Bitcoin and Ethereum, registered modest gains on Thanksgiving Day as the industry appeared to recover from the fallout linked to the collapse of Sam Bankman-Fried’s FTX and its associated firms. The bearish pressure of this collapse was threatening to topple the fragile crypto sector that was already reeling from the “crypto winter” experienced earlier this year. Bitcoin gained approximately 1.5% on Thanksgiving to trade at a little more than $16,600. However, the weekly stats indicate that BTC is still down from the highs it had registered in prior weeks. Ethereum also registered modest gains on Thanksgiving, rising…

MondayNov 28, 2022 9:00 am

JPMorgan Obtains Trademark for Crypto Wallet

JPMorgan Chase, the largest bank in the United States, formally registered a trademark for its cryptocurrency wallets. The bank is interested in offering various services connected to cryptocurrencies, and these services include processing payments in crypto, availing online checking accounts and other such related services. A formal document, which was published last week, reveals that the bank officially patented as well as registered the J.P. Morgan Wallet at the U.S. Patent &Trademark Office. This development will now see JPMorgan Chase providing various crypto services to its existing and future customers. According to the contents of the trademark document, JPMorgan is…

WednesdayNov 23, 2022 9:00 am

A Crypto Paradox IS Playing Out in the Middle East

As cryptocurrencies and the blockchain technology powering them gain traction around the world, the Middle East, which has many authoritarian regimes, is leading in supporting the adoption of these technologies. Yet the very foundation of this success is partly based on availing ways to evade control by centralized and authoritarian regimes. A report authored by Chainalysis and released in October reveals that the volume of crypto transactions is on a upward trajectory in the Middle East in a way that beats every other region around the world. Turkey, which is experiencing the highest level of inflation on the globe, has…

MondayNov 21, 2022 9:00 am

Blockchain Technology Is Expanding Possibilities of Fractional Investing

At the simplest level, fractional investing allows investors to buy and own a fraction of a company’s share. When you buy shares on stock exchanges, you are buying a small part of a company whose shares are listed. With fractional investing, you get ownership of less than one share of that company. New technologies such as blockchain technology are widening the possibilities presented by fractional investing. For example, the Singapore-based ADDX platform makes it possible for investors to buy a stake in a diverse range of assets for as little as $5,000 as the minimum one can have to join…

FridayNov 18, 2022 12:00 pm

Sony Patent Shows Firm’s Interest in Blockchain and NFTs

A recently uncovered patent that was filed by Sony in July 2021 shows that the entertainment company has more than a casual interest in blockchain technology and non-fungible tokens (NFTs). The patent includes diagrams depicting how Sony plans to track whenever digital assets change ownership, how their visual appearance changes and how the accompanying metadata of those digital assets changes. The patent indicates that those assets could include in-game moments, characters or items within the game. In a write-up that strongly suggests NFT-like assets, Sony’s patent lays out the specifics regarding the mechanisms that the company intends to use to…

WednesdayNov 16, 2022 10:30 am

Blockchain Could Take Logistics to New Level

Logistics, which is the transportation and storage as well as delivery of various goods, has been around since the ancient times. The industry has evolved as the times have changed, and it has taken on an even bigger role as the recent pandemic kept people at home and nearly everything had to be delivered to the doorstep. However, poor technology and the lack of transparency have dogged this industry. Blockchain now looks set to address those longstanding challenges and improve the entire logistics space. Logistics firms are constantly looking for better ways to serve their customers, and blockchain is offering…

WednesdayNov 16, 2022 9:54 am

Europe’s Most Influential Blockchain & Crypto Event Returns to Barcelona

After 7 highly successful events, European Blockchain Convention 2023 is ready to be held again on February 15-17 at the 5-star hotel Hyatt Regency Barcelona. The event will welcome more than 3.000 attendees at what will be the largest edition since the event was launched in 2018. Bringing together startups, investors, developers, industry experts and global media, the event will once again be the annual meeting point of the industry in Europe. The three-day event will feature more than 200 exceptional industry experts across a variety of panels, keynotes, workshops, and fireside chats. Confirmed speakers include: Tim Grant, Head of…

MondayNov 14, 2022 12:45 pm

New York Fed Releases Promising Results of Project Testing Blockchain Tech in Cross-Border Trade

The New York Federal Reserve Bank has published a report detailing its findings from Project Cedar, an inaugural project geared at developing a technical framework through which a wholesale central bank digital currency (wCBDC) could be created for use by the Federal Reserve Bank. During phase 1 of the project, the New York Fed wanted to demonstrate whether or not blockchain technology had the potential to improve access, increase speed and lower the costs associated with wholesale cross-border foreign exchange transactions. These transactions are very common because they are relied on by private banks, central banks and large corporations as…

FridayNov 11, 2022 11:15 am

How Elon Musk’s Acquisition of Twitter Could Impact Crypto Adoption on Social Media

As web3 technologies gradually gain prominence, many companies anchored in web2 technology are amending their services and products in order to accommodate the new web3 technology. After Elon Musk completed acquiring Twitter and taking the publicly traded company private, many are wondering how this ownership change is likely to impact the adoption of cryptocurrencies on social media in general. At the moment, Facebook has pivoted and rebranded itself as Meta, and the social media giant wants to position itself as the gateway into the metaverse. Instagram, also owned by Meta, revealed that it would soon be adding functionality to its…

WednesdayNov 09, 2022 12:00 pm

Fidelity Launches Commission-Free Cryptocurrency Trading to Investors

Fidelity Investments, one of the leading brokerage companies globally handling more than $9.9 trillion in assets, has announced that it will be making crypto trading available to its retail investors at no commission. Last week the company allowed intending traders to join a waitlist of those who will be granted access first once the trading platform is opened for business. Through Fidelity’s fully owned subsidiary, Fidelity Digital Assets, retail investors will be able to sell or buy Bitcoin as well as Ether, in addition to making use of the other trading and custodial services availed by Fidelity Digital Assets. Fidelity…