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“# Stablecoins report: SEC won’t lead regulation, Congress urged to act ” On Nov. 1, the United States President’s Working Group on Financial Markets (PWG) released its long-anticipated report and policy recommendations on stablecoins. The document’s main focus is on prudential risks that “payment stablecoins” — or those meant to maintain a stable value against…
“# Crypto.com co-ops with esports host Twitch Rivals for global crypto outreach ” Twitch Rivals, an esports tournament host featuring Twitch streamers and pro gamers, has onboarded crypto trading platform Crypto.com as a global marketing and cryptocurrency platform partner. The multi-year partnership will see Crypto.com as an official partner of Twitch Rivals in the Asia-Pacific…
“# Over 140 million people have digital yuan accounts, says PBoC head ” China’s trials with central bank digital currency (CBDC) show no signs of slowing down, as the updated numbers for October 2021 were revealed at Hong Kong Fintech Week. Set out to replace cash in day-to-day transactions, the digital yuan (e-CNY) is gaining…
“# NYSE Arca files with SEC to list Bitwise Bitcoin ETP Trust ” NYSE Arca, a subsidiary of the New York Stock Exchange (NYSE) Group, wants to list and operate a trust based on Bitcoin (BTC) exchange-traded products (ETP). In a rule-change proposal with the United States Securities and Exchange Commission, NYSE Arca proposed to…
“# Blockchain forensics firm Chainalysis opens Australian office ” Leading blockchain analytics firm Chainalysis is opening its first Australian office in Canberra, coinciding with the news it has partnered with the Commonwealth Bank on its plans to offer crypto trading to 6.5 million app users. Chainalysis, which was valued at US$4.2 billion at its Series…
“# Microsoft muscles into the Metaverse with Teams updates and Xbox upgrades ” U.S. tech giant Microsoft is taking the plunge into the Metaverse via updates to its Teams and Xbox gaming console services, along with a new product called “Dynamics 365 Connected Spaces.” Microsoft CEO Satya Nadella announced the firm’s Metaverse plans for Teams…
“# Commonwealth Bank to enable crypto trading for 6.5M Aussies, ‘other banks will follow’ ” The Commonwealth Bank of Australia (CBA) is set to launch crypto trading services for the 6.5 million users of its CommBank app. The CBA will become the first bank in Australia to support crypto, and Blockchain Australia says it is…
“# Blockchain tech firms AllianceBlock and Flare integrate technologies to expand their DeFi ecosystems ” AllianceBlock, a blockchain tech firm that seeks to bridge the gap between decentralized finance, or DeFi, and traditional finance, announced a partnership with fellow blockchain tech entity Flare. Flare claims its layer-one, or blockchain protocol improvement, technology can bring smart…
“# Cardano prepares to scale with Hydra upgrade as network reaches 2M wallets ” In a tweet posted by the Cardano Foundation on Monday, the number of Cardano (ADA) wallets has surpassed the 2 million mark. The network reached the previous milestone of 1 million ADA wallets on May 22, 2021. During that period, the…
“# “We are building for the metaverse” says Meta VP, Nick Clegg ” Nick Clegg, Vice‑President for Global Affairs and Communications at Meta Platforms, spoke at Lisbon’s Web Summit 2021 during a panel on Facebook and innovation in Europe. The world’s biggest tech conference has returned to a physical setting following a two-year, Covid-induced virtual…