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” Decentralized forex will reduce cost by as much as 80%: Report “ If the foreign exchange market starts using DeFi protocols instead of the current centralized systems, the cost of remittances could be reduced by “as much as 80%,” according to a Jan. 19 paper jointly published by researchers at Circle and Uniswap. On-chain…
” Expect better blockchain games in 2023, says Animoca Brands CEO “ The celebrated union between blockchain and gaming has encountered several hurdles that have left many wondering if the new sector of crypto and gaming will ever live up to its potential. In the fifth episode of the Hashing It Out podcast, Cointelegraph’s Elisha…
” Metaverse to bring ‘true productivity’ to industrial environments: Davos 2023 “ The metaverse continues to be a central talking point among leaders and decision-makers in global industries. For many, the vision of the future of the metaverse is not limited to a gamified version of reality. At the World Economic Forum (WEF) 2023 in…
” Metaverse not the endgame, but ‘ongoing digital transformation’: Davos 2023 “ The metaverse has been a buzzword inside and out of the Web3 world over the last year. Moreover, development in the metaverse is something that has remained strong relative to the overall turmoil of the decentralized space. It is also a hot topic…
” Aussie ‘Big 4’ bank mints stablecoin for carbon trading and remittances “ National Australia Bank (NAB) is set to become the second “Big 4” Australian bank to launch an Australian dollar-pegged stablecoin on the Ethereum network. Set to launch sometime in mid-2023, the AUDN stablecoin is aimed at streamlining cross-border remittances and carbon credit…
” Soaring growth of Ethereum layer-2 networks set to continue in 2023 “ Ethereum layer-2 networks have gone through an explosive growth phase over the past couple of months a trend that is set to continue in 2023. According to recent data, the leading layer-2 networks have seen an increase in daily active users which…
” ConsenSys slashes headcount 11% as chief economist reveals formula for adoption “ ConsenSys, the parent company behind MetaMask, is letting go of 11% of its workforce, with CEO Joseph Lubin blaming “uncertain market conditions” brought on by recent collapses. In a blog post from ConsenSys CEO Joseph Lubin on Jan. 18, the blockchain firm…
” Digital Dollar Project urges US to take action on CBDC development “ The Digital Dollar Project (DDP) released a new version of its white paper “Exploring a U.S. CBDC” on Jan. 18. The project expanded the paper in order to examine central bank digital currency projects internationally, though its focus is still on the United States. The…
” DeFi should complement TradFi, not attack it: Ava Labs CEO | Davos 2023 “ Decentralized finance (DeFi) is on its way from becoming a small niche within the financial industry to something traditional finance (TradFi) is trying to incorporate. In an interview with Cointelegraph at the World Economic Forum (WEF) in Davos, Switzerland, Emin…
” Dogecoin carbon emissions down by 25% following Elon Musk collaboration “ Research shows that Dogecoin (DOGE) was the only memecoin in 2022 to proactively reduce its carbon footprint — a key metric for mainstream adoption — by 25% in one year, thanks to the intervention of developers and Tesla CEO Elon Musk. One of…