Adoption

The US House has passed a bill to prohibit the creation of a government Central Bank Digital Currency (CBDC), favoring the adoption of stablecoins on public networks. Ripple Labs Inc. has filed a trademark for “RLUSD”, suggesting the launch of a new stablecoin which may align with recent legislative developments. The US House recently voted on the CBDC Anti-Surveillance State Act, introduced by Congressman Tom Emmer. This bill, identified under Union Calendar No. 409, seeks to amend the Federal Reserve…

Polkadot creator Gavin Wood recently emphasized the importance of integrating proof of personhood into blockchain technology. He also suggested that this mechanism for digitally verifying an individual’s humanity could be the breakthrough sterring mass adoption. Polkadot, the interoperability blockchain platform has been navigating through new ways of boosting market adoption. In the latest development, Polkadot creator Gavin Wood shares an interesting use case that would be crucial for the mass adoption of the blockchain platform. In a recent interview on…

The post TrueUSD (TUSD) zero-fee trading campaign on Bitci amid Turkish stablecoin adoption surge appeared first on Coinpedia Fintech News TrueUSD (TUSD) has joined efforts with Bitci to offer various stablecoin campaigns, including a zero-fee trading campaign that offers users an opportunity to trade TUSD without fees.  This initiative offers a zero-fee trading promotion for the TUSD/TRY trading pair, making it an attractive time for traders and stablecoin users to engage with the cryptocurrency. Türkiye’s crypto market booms & TUSD…

XRP transactions overall climbed by 108% in the first quarter of 2024. The $2 billion penalty that the SEC has suggested for XRP sales is something Ripple objects to. With updates on their ongoing SEC complaint and a summary of noteworthy on-chain activity, Ripple Labs Inc. just published its first quarter ecosystem performance report. According to the research, there was a startling 108% rise in total transactions on the XRP Ledger protocol from the 121,031,713 transactions reported in Q4 2023…

Investment management giant Millennium Management has officially disclosed holdings of nearly $2 billion in spot Bitcoin ETFs, highlighting the growing interest and investment in Bitcoin ETFs by major institutional players. Holdings Breakdown According to the 12F-HR institutional investment manager holdings report filed by Millennium Management with the SEC, the firm owns a combined total of $1,942,591,163 in spot Bitcoin ETFs. This investment constitutes approximately 3% of its $64 billion fund as of the first quarter of this year. Specifically, Millennium…

Source: Depositphotos The smart wallet startup Brillion had some brilliant news to share today, welcoming three new, high-profile executives to its team, including a new CEO in the shape of Nibras Stiebar-Bang, who previously oversaw the development of the Concordium Layer-1 blockchain.  Prior to holding a dual role as Concordium’s Chief Technology Officer and Chief Product Officer, Stiebar-Bang worked at Spotify, where she was in charge of managing its cross-functional teams. It’s clear then that she brings a wealth of…

The post Tether Teams Up with RAK DAO to Drive Bitcoin & Stablecoin Adoption in UAE appeared first on Coinpedia Fintech News Amid controversies and scams, Tether is all set to expand its wings. Tether Partners with RAK DAO to Promote Bitcoin and Stablecoin Education in Ras Al Khaimah. In 2024, the Middle East saw a significant rise in cryptocurrency adoption, with the average daily number of traders reaching 500,000, marking a 166% increase from the previous year, as per…

Blockchain’s potential in German healthcare faces hurdles like strict regulations and GDPR compliance, slowing its adoption. Concerns about blockchain’s association with cryptocurrencies and energy consumption hinder public acceptance. Blockchain technology has long been hailed as a transformative force in various sectors, promising enhanced security, transparency, and efficiency. In recent years, its potential applications in healthcare have garnered significant attention worldwide. However, in Germany, the adoption of blockchain technology in the healthcare sector has been slow, and several challenges have hindered…

The decentralized finance (DeFi) industry has seen exponential growth, with the total value locked (TVL) in DeFi protocols soaring to $100 billion in Q1 2024. However, the current DeFi landscape is often fragmented and difficult to navigate, presenting significant challenges for both degens seeking early exposure to new protocols and for protocol creators looking to gain traction and visibility. This disconnect has hindered the growth and adoption of many promising DeFi initiatives — including the most underrated of them, the…