December 2022 - CryptoCurrencyWire

ThursdayDec 29, 2022 11:15 am

Four Possible Crypto Trends to Watch in 2023

A recent report released by Steven Goulden, a senior analyst at Cumberland, has identified a number of "green shoots" that could emerge in the cryptocurrency market in 2023 in spite of this year's turbulent cryptocurrency collapses and price drops. Goulden highlights four new trends in the report, titled “Year in Review,” that in the next two years will significantly advance the cryptocurrency market. These trends include Web3 apps and games becoming genuinely popular, NFTs being the go-to approach for tokenizing a brand's IP, and Bitcoin and Ether possibly being adopted as a nation's reserve asset. NFTs becoming the "go-to method"…

TuesdayDec 27, 2022 9:00 am

UNHCR Starts Pilot Blockchain-Based Payment System for Ukraine War Victims

The United Nations Refugee Agency (UNHCR) recently unveiled a blockchain payment solution for the distribution of digital cash to Ukrainians impacted by the ongoing Russian invasion in collaboration with the Stellar Development Foundation, a company that supports Stellar, the blockchain network. In a statement issued on Dec. 15, 2022, the agency stated that it was among the first to pilot the new Stellar-based aid disbursement solution, alongside the United Nations International Computing Centre (UNICC). According to the refugee agency, using the Stellar-based cash disbursement system ensures that funds are transferred directly to the intended receiver in a timely, secure and…

WednesdayDec 21, 2022 11:15 am

Victory for NFT, Crypto App Developers as Apple Complies with EU Laws

Following the new anti-monopoly law of the European Union, Apple intends to allow apps from third-party app stores to operate on its devices, which could mean significant gains for developers of NFT and cryptocurrency apps in the Europe region. A Bloomberg report released on Dec. 13, 2022, stated that European customers can install substitute apps outside of Apple’s exclusive app store under the new regulations, eventually enabling users to install apps that are not subject to Apple's 30% fee and that are free of restrictions. At the moment, Apple has imposed strict restrictions on NFT applications, effectively requiring users to…

MondayDec 19, 2022 9:00 am

Bitcoin Hits $17,700 as November CPI Data Shows Cool Down in Inflation

Bitcoin prices increased by more than 5% on Dec. 13, 2022, after the Bureau of Labor Statistics reported that the Consumer Price Index (CPI) was up by 0.1%. November’s CPI reading was 7.1%, implying that inflation will remain moderate despite soaring interest rates from the Federal Reserve System. The CPI announcement sparked excitement in the crypto market, but the excitement faded later in the day as investors realized that inflation is still three times above the Fed’s 2% target. Crypto traders have been closely monitoring the monthly inflation report for clues on whether the Fed's tightening of monetary policy this…

FridayDec 16, 2022 10:30 am

Adoption of Blockchain Technology Could Be Answer to 5G Fraud

The telecommunications industry is seeing an increase in phishing attacks as the industry transitions to 5G services, underscoring the need for better security measures. According to a report by the Economic Times, India, which is the second-largest smartphone consumer country, is already facing a rise in the level of telecom-related fraud. Consumers are eager to use advanced internet services following the commercial rollout of 5G, and fraudsters are exploiting this opportunity to commit telecom financial fraud. The scammers, impersonating telecom employees, send phony emails or texts, promising users a free upgrade to 5G services in exchange for sensitive personal information.…

WednesdayDec 14, 2022 9:00 am

Four Ways Blockchain Technology Supports the Real Estate Industry

It's no surprise that the adoption of blockchain applications in the world's most profitable industries is reshaping the global economy. Businesses and customers alike have recognized the massive potential of blockchain technology and are incorporating it into their daily operations. One sector that appears to have lagged is real estate and property management. The $11.4 trillion industry has been relatively slow to adopt blockchain applications. With recent developments, however, the industry is steadily revolutionizing how sellers, buyers, stakeholders and investors gain better access and transparency. Fraud elimination It is estimated that 2 out of every 200 mortgage applications were falsified…

MondayDec 12, 2022 12:45 pm

iPod Creator Designs Device to Store Crypto Assets

French startup Ledger launched a new hardware wallet at the firm’s yearly Ledger event, held on Dec. 6, 2022. The new crypto wallet, known as Ledger Stax, was designed by Tony Fadell, the creator of the iPod, and is intended to allow people to deposit or exchange a range of tokens, including Bitcoin, Cardano, Ethereum, Solana and NFTs. Ledger Stax resembles a miniaturized phone or even credit card reader. It is similar in size to a credit card, measuring 85 mm long and 54 mm wide, and weighing 45 grams. The Ledger Stax has a black and white electronic ink…

FridayDec 09, 2022 11:15 am

Bank of America Says Cryptocurrency Regulation Is Necessary for Mainstream Adoption

There is still a glimmer of hope for the cryptocurrency industry, despite the major blow it suffered after the FTX exchange and its affiliated trading firm, Alameda Research, was reported bankrupt. This is according to a research report released by Bank of America on Nov. 2, 2022. According to the report, regulatory frameworks for the cryptocurrency industry are essential for mainstream adoption, and a coordinated global effort is needed to prevent arbitrage and protect investors and consumers. Analysts Alkesh Shah and Andrew Moss also noted an increased sense of urgency to regulate the industry. The analysts explained potential benefits, including…

FridayDec 09, 2022 10:30 am

Quantum Miami – Web3 & Blockchain Conference To Facilitate Innovative Business Plans Under its Roof

Web3, Crypto, and blockchain traders, investors, enthusiasts, and professionals are invited to attend Quantum Miami – a Web3 & Blockchain conference being held on January 25-27, 2023, at the James L Knight Center in Miami, Florida. Join the mammoth networking channels and leverage the immense business and growth potential this platform offers. Industry stalwarts who have proven their mettle in these innovative and evolving ecosystems will bring their expertise to Quantum Miami. Aspiring businesses and professionals of the crypto and blockchain spectrum can avail the immense opportunity presented at Quantum Miami. Unleash new ideas and learn from the experiences of…

WednesdayDec 07, 2022 11:15 am

Boris Johnson Lauds Blockchain ‘Opportunities’ at Singapore ISBA Conference

Former United Kingdom prime minister Boris Johnson recently gave a speech at the International Symposium on Blockchain Advancements (ISBA) in Singapore in support of blockchain technology. He compared the onset of blockchain to significant technological advancements such as the invention of fire, the railways and the internet. In his speech, Boris stated that blockchain users were pioneers of an infant technology with all sorts of possibilities that the whole world is still struggling to assess. He also encouraged a better relationship between the cryptocurrency industry and politicians if crypto has a future. Johnson added that he was in favor of…