Michael Demissie, the head of digital assets at Bank of New York Mellon (BNY Mellon) is adamant that the cryptocurrency market fall in 2022 won’t waver institutional interest in digital assets. At a conference run by Afore Consulting on Feb. 8, Demissie said the digital asset industry is “here to stay” as institutional investors have held a strong interest in crypto. "What we see is clients are absolutely interested in digital assets, broadly,” he said, according to a Feb. 8 report from Reuters. Demissie backed up his thoughts by referencing a survey conducted by BNY Mellon in October, 2022, which …

The Japanese-based multinational tech company Fujitsu announced the launch of a new platform on Feb 8, designed to support Web3 developers worldwide. According to a report by the Fintech Times, Fujitsu’s Web3 Acceleration Platform seeks to provide a development environment, blockchain-based service APIs, high-computing technologies, simulations, AI, combinatorial optimization, for start-ups, partner companies, and universities building Web3 applications and services. The company said its platform aims to support the creation of a diverse ecosystem of Web3 applications across a range of use cases, such as digital content rights management, business transactions, contracts, and processes. It will also offer free access …

Web3 infrastructure developer ConsenSys, the maker of the popular MetaMask digital wallet, has cast 7.03 million votes in favor of a proposal that would see decentralized exchange (DEX) Uniswap v3 deployed on BNB Chain, according to data from Tally. The votes are denominated by the number of underlying UNI owned by ConsenSys, worth an estimated $47.5 million. At the time of writing, 77.56% of participants were in favor of the proposal, with 22.07% against it. The week-long voting process will close on Feb. 10. As Cointelegraph previously reported on Feb. 5, venture capital firm Andreessen Horowitz cast a vote against …

The festival and clubbing scene is a vibrant and constantly evolving industry, with new trends and experiences popping up every year. From electronic dance music festivals to underground clubs, there’s something for everyone in the party scene. It’s an industry that brings people together, and it’s also a significant contributor to the economy. As the scene continues to grow and adapt, new technologies and innovations are being introduced to enhance the overall experience. One such innovation is the integration of cryptocurrency into the nightlife scene, specifically KlubCoin, which promises to bring a new level of excitement and innovation to the …

According to a press release published on Feb. 8, blockchain carbon credit transaction network Carbonplace has secured $45 million in an investment round from its nine founder banks with a combined $9 trillion in assets under management. The banks are BBVA, BNP Paribas, CIBC, Itaú Unibanco, National Australia Bank, NatWest, Standard Chartered, SMBC, and UBS. The London-based fintech has also announced that it will become an independent entity, led by new CEO Scott Eaton. As told by Carbonplace, the company will use the investment to strengthen its platform and workforce, allowing it to scale its services to a larger client …

The concept of virtual worlds and the Metaverse has been growing in popularity over recent years, with the introduction of AI and NFTs offering new opportunities for immersive experiences. However, there are still many challenges that lie ahead for these technologies to be adopted by the masses. According to RFOX VALT co-founder and CEO Ben Fairbank, there is a lot of untapped potential for AI and NFTs in the space. However, the challenges developers face in the journey toward mainstream adoption of the Metaverse and virtual reality are also numerous. RFOX VALT is an up-and-coming virtual reality and Metaverse platform …

Data science plays a critical role in supporting decision-making processes by providing insights and recommendations based on data analysis. In order to create new products, services and procedures, businesses can use data science to gain a deeper understanding of consumer behavior, market trends and corporate performance. By giving businesses a competitive edge in the market through better decision-making, increased consumer involvement and more efficient corporate processes, it enables companies to achieve a competitive advantage. The demand for data science experts is rising quickly, opening up new possibilities for development on both a personal and professional level. Here are five high-paying …

With Ethereum showing resilience through the latest cryptocurrency winter, Consensus founder Joe Lubin says he’s ‘bullish’ over Ether's (ETH) relative stability through compounding macro events. Cointelegraph Magazine editor Andrew Fenton spoke to Lubin at the Web3 event Building Blocks 23 in Tel Aviv, Israel, for an all-encompassing interview around the current state and future of the Ethereum ecosystem landscape. The co-founder of the preeminent smart contract blockchain protocol touched on a number of subjects, including ETH’s market performance over the past year. A myriad of macro events, including the collapse of algorithmic stablecoin Terra/LUNA and the demise of cryptocurrency exchange …

Education is a well-known barrier to entry for many when it comes to crypto and Web3 space. This is particularly true when it comes to understanding the underlying technology that powers these new innovations. Joining in on the effort to spread crypto awareness, on Feb. 8, the New York University School of Professional Studies (NYU SPS) — one of the schools and colleges that compose New York University — announced a partnership with the NEAR Foundation to introduce a new “Web3 Learning Workshop” for students and faculty, along with partners in the industry. The course comes out of NYU SPS …

Wallets linked to now-bankrupt Alameda Research became active again on Feb. 7, transferring out millions worth of FTX exchange’s native token, FTX Token (FTT). The Alameda wallet activity post FTX bankruptcy filing has been a big concern for the crypto community, with many questioning the merits of the law enforcement agencies and how these wallets are being accessed. The Alameda address 'brokenfish.eth' transferred nearly $2 million worth of FTT tokens from BentoBox smart contract on Sushiswap. The smart contract in question serves as the central vault for the whole Sushi ecosystem. Former FTX CEO Sam Bankman-Fried has a history with …

The United Kingdom is a step closer to launching a Central Bank Digital Currency (CBDC) after releasing a consultation paper explaining the proposed digital pound, which the public has nicknamed “Britcoin.” The 116-page consultation paper was jointly released on Feb. 7 by the Bank of England (BoE) and His Majesty’s Treasury. A technology working paper was also released delving into the technical and economic design considerations. Despite the rise of privately-issued stablecoins in recent years, the paper said CBDCs such as the digital pound can co-exist in what they expect to be a “mixed payments economy.” “In much the same …

From beer breweries on opposite ends of the globe to aircraft technicians in isolated airports, telecoms infrastructure firm Nokia has been looking for ways to use the metaverse to aid remotely-located workers. Nokia, who many remember as a manufacturer of consumer mobile devices, has since pivoted into developing technology and equipment that “delivers the internet.” Robert Joyce, CTO of Nokia Oceania told Cointelegraph that part of those plans also includes delivering the Metaverse. “Nokia set up two labs last year to really look at the Metaverse and the technologies that underpin the Metaverse.” Last year, Nokia began collaborating with an …