Tag: Adoption

Fiat stablecoins are too deeply rooted in exchanges for algorithmic stablecoins to rise, according to some experts. Binance’s native stablecoin — Binance USD — was the third-largest stablecoin pegged to the United States dollar, minted by blockchain infrastructure platform, the Paxos Trust Company, through a transfer of technology agreement between the two firms. However, on…

The rise of artificial intelligence, though in its early stages, has found use cases in crypto through countless projects. The use of artificial intelligence (AI) in crypto, though still in its infant stages, is showing prospects for growth. According to a report from Fortune Business Insights, the blockchain AI market is projected to grow from $220.5 million…

Bermuda’s Edward Burt reportedly met with U.S. lawmakers and government officials this week in Washington, D.C. to discuss common standards for digital assets. The dramatic collapse of crypto exchange FTX last November is not moving Bermuda away from receiving crypto companies, according to the head of the British island territory’s government during an interview with Bloomberg News….

Technology innovations such as software programming, coding, apps and AI development, and computing and communications hardware manufacturing will be exempted from taxes in El Salvador. El Salvador, the first country to establish Bitcoin as a legal tender, made another historic decision to eliminate all taxes on technology innovations. The move runs parallel to the establishment…

A top Russian official has reportedly claimed that the BRICS alliance is working on creating its own currency. A new world order could be emerging as economic powerhouses increase their efforts to distance themselves from US dollar hegemony. According to reports, a top Russian official has claimed that the BRICS alliance is working on creating…

Galaxy Digital CEO Mike Novogratz believes regulators have got it “completely upside-down” on crypto vs AI regulation. Mike Novogratz, the CEO of digital asset investment firm Galaxy Digital told investors he is shocked over the amount of regulatory attention for crypto rather than artificial intelligence (AI), a technology he believes will trigger a “deep fake”…