Innovative oil and gas companies are leveraging blockchain, but the industry as a whole may be slow to adopt the technology.
Business News
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When we talk about the role of Bitcoin (BTC) or blockchain in business, we are talking about either business ventures building blockchain/cryptocurrency systems, products or infrastructure; or the integration and adoption of cryptocurrency in existing enterprises as a supported payment method.
Bitcoin and cryptocurrency businesses face incredible challenges on two fronts: regulation and adoption.
Over the years, many high-profile crypto businesses such as some of the leading exchanges have had to move operations across the country or to other countries entirely to avoid severely inhibiting regulatory constraints in certain jurisdictions.
At the same time, mainstream adoption by individuals and established businesses is a very steep uphill battle for entrepreneurs as they attempt to make crypto more accessible and compelling to enterprises and laypeople alike.
Stay tuned as we chronicle blockchain and cryptocurrency’s shifting role in the world of business.
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United Wholesale Mortgage had previously announced plans to test Bitcoin and Ether for mortgage payments in August.
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Filecoin has become the official storage partner of the Flow Blockchain, with the firm working to provide decentralized storage for NFTs minted on Dapper Lab's network.
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The recovered energy will be used to heat 100 residential and commercial buildings in North Vancouver, with a population of roughly 155,000.
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The investment firm withdrew its application for a physically-backed Bitcoin ETF in 2020 but has already received approval for a fund offering investors exposure to companies in the blockchain and crypto industry.
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Financial charting provider TradingView secured $298 million in a new funding round led by Tiger Global.
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Amid the weight of regulatory scrutiny, Binance continues to grow its international compliance team for better relations with financial regulators.
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Tesla’s Bitcoin stash is now worth $1 billion more than when Elon Musk approved the purchase in February.
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Chainalysis said North America’s DeFi transactions were led by retail investors in the last year, with many transactions under $10,000.
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The CEO of the British bank believes stablecoins, CBDCs and even NFTs will likely outgrow cryptocurrencies.
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The firm uses a sustainable energy source by converting waste coal into power to mine Bitcoin.
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According to Bloomberg senior ETF analyst Eric Balchunas there are “good signs” that the SEC will approve Bitcoin futures ETF applications from Ark Invest and Valkyrie.
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The tour will begin in Zanzibar on Oct. 23 before continuing on to Kenya, Rwanda, Uganda, Zambia, Malawi, Mozambique, Zimbabwe, and Tanzania.
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The American Bitcoin mining outfit plans to acquire a total of 28,000 to 56,000 next-generation mining rigs.
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Hedge fund manager Mark Yusko believes cryptocurrencies will generate “untold wealth” by powering the Internet of Value.
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