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Coinbase Wallet Launches Global Money Transfers With Link-Based Payments
Coinbase (Nasdaq: COIN) has launched its latest wallet feature that facilitates global fund transfers. The platform now allows users to transfer money across various channels, including widely used messaging and social media apps, by merely sharing a link.
Announced on Tuesday, Coinbase explained this feature circumvents the need for intricate banking details and expensive wire transactions, offering immediate settlements without charge. The update includes compatibility with various social media and messaging applications such as WhatsApp, Instagram, TikTok, Facebook, Telegram, Snapchat, and also via email.
In essence, the service functions on any platform capable of sharing a link. Read More
Google policy update allows ads for US crypto trusts
Google will allow ads for U.S. based-crypto trusts from January, with the change seemingly coming in the same month that spot Bitcoin ETFs are predicted to be approved.
Tech giant Google has updated its cryptocurrency-related advertising policy to allow ads about crypto trusts from the end of January, the same month that spot Bitcoin exchange-traded-funds (ETFs) are predicted to be approved in the United States.
In a Dec. 6 policy change log, Google said its crypto and related products ad policy will be updated on Jan. 29, 2024, to allow ads from “advertisers offering Cryptocurrency Coin Trust targeting the United States.”
Cryptocurrency coin trusts were given as examples of “financial products that allow investors to trade shares in trusts holding large pools of digital currency” — likely including ETFs. Read More
Morph Layer 2 Blockchain Receives Investment From Crypto Exchange Bitget
The Morph layer 2 consumer-centric blockchain has received a multi-million dollar investment from crypto exchange Bitget.
Bitget’s Investment Into Morph:
Crypto trading platform Bitget will collaborate with the Morph layer 2 blockchain after announcing a multi-million dollar investment into the project and its “stellar team”.
Managing Director of Bitget, Gracy Chen, had the following to say about Bitget’s latest investment:
"Morph has a stellar team endowed with experience, a vibrant multicultural approach, and industry-leading strategic capabilities for fostering mass adoption. It has demonstrated tangible progress in its commitment to a unique vision of a consumer blockchain. With Bitget's dedication to forging ties with exemplary Web3 entities, we’ve embraced Morph in a spirit of collaboration,” Read More
El Salvador’s Bitcoin bond gets regulatory approval, targets Q1 launch
The Volcano Bond was approved by the country’s Digital Assets Commission on Dec. 11, with issuance expected in Q1 2024.
El Salvador’s long-anticipated Bitcoin bonds, also known as “Volcano Bonds,” have reportedly received the regulatory nod for a launch in early 2024.
The Volcano Bond was approved by El Salvador’s Digital Assets Commission and is anticipated to launch during the first quarter of 2024, according to a Dec. 11 statement from The National Bitcoin Office (ONBTC).
The country’s pro-Bitcoin leader Nayib Bukele also seemingly confirmed the news in a post of his own, captioned: “Wen volcano bond,” while also reposting several posts noting that the bonds will be issued in Q1 2024. Read More
Markethive Leading The Way In Web 3 Social & Market Media
Web 3.0 is the next generation of the internet which people envision will be more decentralized and permissionless. One that's built on decentralized protocols, where users help with content creation and the governance of the web itself. They also have the ability to own a part of the network, so you can think of it as a Read-Write-Own Internet.
There are already several technologies that could serve as the backbone for a Web 3 world. Most point to blockchains like Elrond, Cardano, or Ethereum, for example, but other distributed technologies like IPFS can also be used to decentralize networks.
Thousands of dApps (decentralized applications) are already being built in the Web 3 environment. These often include native tokens to add value to the application to those who hold the tokens. These native crypto assets allow those who participate in the network to share in the value generated from it.
Web 3 promises a decentralized alternative where we are all users, owners, and developers. This quote from Fabric Ventures sums it up beautifully,
“Web 3.0 enables a future where distributed users and machines are able to interact with data, value, and other counterparties via a substrate of peer-to-peer networks without the need for third parties—the result: a composable human-centric & privacy-preserving computing fabric for the next wave of the web.” Read More
How can a company effectively improve compliance and manage Web3 risks?
As the Web3 market grows, the industry faces compliance and risk management challenges, highlighting the need for robust transaction monitoring and due diligence solutions.
As the blockchain industry grows, companies face multiple compliance and risk management challenges. Amid the complexities of decentralized finance (DeFi) and the growing threat of security risks, the need for robust compliance solutions has never been more critical.
The regulatory landscape — a complex ecosystem
The regulatory landscape for crypto assets is rapidly evolving, with varying approaches adopted by jurisdictions worldwide. The Financial Action Task Force (FATF) has set global Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) standards, while specific regulations like the Travel Rule, Hong Kong’s VASP regulations, and EU's regulations like Markets in Crypto-Assets (MiCA) introduce further compliance complexities.
Crypto AML/CFT presents unique challenges compared to traditional finance. Anonymity, cross-border transactions, and the lack of centralized intermediaries make it difficult to track and prevent illicit activities. Read More
Blockchain gaming market in North America is projected to reach $600B by 2030 — Report
The current market is growing at a 21.8% CAGR, according to a report from Fortune researchers.
The global blockchain gaming market will grow to an estimated $614 billion over the next seven years, according to an analysis from Fortune Business Insights released on Dec. 11. The market currently accounts for an estimated $154 billion in spending.
The report analyzed global sales data for blockchain game products from 2017 to 2021. It found that sales were increasing by a compound annual growth rate (CAGR) of 21.8%, implying that by 2030, the market will have reached $600 billion. This equates to an absolute growth rate over the six-year period of nearly 299%.
Fortune’s researchers divided the world into five regions: North America, South America, Middle East/Africa, Europe and Asia Pacific. North America posted the largest share of blockchain game item purchases for any region in 2022, accounting for over $30 billion, or approximately 24% of the total. The researchers stated that they expect this North American dominance to continue. Read More
How the crypto bull run can impact Web3 gaming beyond play-to-earn
Web3 gaming has remained unfazed by the bear season. But how does the expected bull run impact interest in blockchain-based games?
On-chain data tracker DappRadar recently reported that another $600 million was poured into Web3 gaming projects in Q3 2023, making the total investments surpass $2.3 billion in the year so far.
Another report from the blockchain gaming community, Game7, indicates a stabilization in Web3 gaming despite the market correction.
The interest in Web3 gaming — a general term used to describe the ecosystem housing blockchain-based video games — is clear and remains unfazed by the so-called “crypto winter.”
After a prolonged bear market, crypto appears to be getting ready for the next bull run, and Cointelegraph reached out to industry players to paint the current landscape of Web3 gaming. Read More
Celestia to integrate with Polygon CDK for data availability in 2024
Celestia will become an option for data availability within the Polygon CDK software.
The Celestia network will integrate with Polygon’s chain development kit (CDK) sometime “early next year,” according to a Dec. 11 announcement. The integration will provide an “easily-pluggable component” for Polygon-based networks to use Celestia for data availability.
The announcement claimed that transaction fees could be reduced by more than 100 times if networks stored compressed transaction data on Celestia instead of Ethereum. The integration coming in early 2024 will simplify this choice, providing this option within the Polygon CDK software itself.
“This is the broadband moment for Web3,” said Polygon co-founder Sandeep Nailwal. “The ability to launch a high-throughput ZK-powered Ethereum layer 2 as easily as deploying a smart contract will do for blockchain adoption what high-speed fiber did for Web2 applications.” Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
