Investors in bitcoin are seeing a two-week high, with the popular coin hitting $51,144.62 on Dec. 26, a report says. This comes after a difficult few weeks where the coin saw a 33% drop. That came after bitcoin hit an all-time record on Nov. 10,...
Decentralized finance solutions have transformed the payments landscape, presenting a new vista of possibilities for seamless cross-border expansion for multinationals and businesses aspiring to launch new global initiatives. Cross-border firms have many use cases for cryptocurrency and blockchain. The leading use case is blockchain-based smart...
Cryptocurrency in the South American nation of Paraguay could be facing new rules in the new year. The measure was approved by Paraguay’s Chamber of Senators last summer. Under the legislation, virtual assets are defined, and a license would be required to mine cryptocurrencies. It...
Welcome to the ninth installment of PYMNTS’ nine-part series on decentralized finance (DeFi). Over the previous days, we’ve looked at every part of DeFi — the biggest, hottest, most rewarding and risky part of the blockchain revolution. Now that we’re at the end, you should...
Welcome to the seventh installment of PYMNTS’ eight-part series on decentralized finance (DeFi). Over the coming days, we’ll be looking at every part of DeFi — the biggest, hottest, most rewarding and risky part of the blockchain revolution. At the end of it, you’ll know...
The argument started when Elon Musk tweeted out a vague comment about something crypto-related: Web3 in this case. Web3 is a somewhat hazy concept that puts a decentralized blockchain-based infrastructure underneath a new, more private internet devoid of the influence and control of Big Tech....
Ethereum Co-founder Gavin Wood’s attempt to knock his creation off its pedestal as the blockchain on which almost all DeFi, non-fungible tokens (NFTs) and many other decentralized applications run launched this weekend. Five Polkadot “parachains” went live on Saturday (Dec. 18), the first of 100...
There are country-by-country rollouts — and then there are company-by-company rollouts. News this week that banking giant J.P. Morgan Chase is working with Siemens on blockchain offerings geared toward payments signals a way to get the technology — and specifically, Onyx, J.P. Morgan’s blockchain unit...
Adidas earned more than $23 million in Ethereum and minted nearly 30,000 nonfungible tokens (NFTs) during its first NFT effort, Engadget reported. That’s significant considering that the company’s profit during its latest quarter was the equivalent of $538.4 million, according to the report. Adidas Originals...
