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“# Is there a right way to regulate crypto? Yes, and this is how ” Cryptocurrency is becoming increasingly mainstream. Between the entrance en masse of traditional financial institutions — from investment funds, to banks, to insurance companies — to the multitrillion-dollar market capitalization, crypto is truly unignorable. As such, it is also increasingly on…
“# Pronouncements from the G-7 allow green fintech to flourish ” After debating the issue for over eight years, the secretary-general of the Organization for Economic Cooperation and Development (OECD), Mathias Cormann, welcomed a historic international agreement by G-7 finance ministers from the United States, Japan, the United Kingdom, Germany, France, Italy and Canada on…
“#Will we finally be able to rein in the abusive power of Big Tech?” Friday saw the introduction of five bipartisan bills to address the abusive, anticompetitive behavior of Google, Amazon and other Big Tech firms. It’ll be a long slog to passage of actual laws, but it’s a key step toward fairness, freedom and…
“# IBM opens Hyperledger Fabric source code to drive enterprise blockchain adoption ” The global blockchain technology market size is projected to reach $72 billion in the next five years. In order to ensure this growth, however, blockchain solution providers must continue to advance and innovate. For example, public enterprise blockchain use has become an…
“# Nigeria’s central bank plans CBDC pilot launch before the end of 2021 ” Rakiya Mohammed, an IT specialist at the Central Bank of Nigeria (CBN) has announced that the apex bank is making efforts to float a central bank digital currency in the country. According to a report by People’s Gazette, Mohammed made this…
“# Mythical Games raises $75M to speed up NFT gaming ” Los Angeles-based NFT games developer Mythical Games announced a $75 million Series B financing with new and existing investors. The company plans to use the fund to popularize ownership in games through playable nonfungible tokens (NFTs). The funding round was led by WestCap Group….
“# Shanghai Man: Bitcoin interest drops in China amid crackdown on social media and miners ” This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. This week, following a tumultuous few weeks…
“# Pantera Capital and Arrington XRP Capital lead $5.8M Unbound Finance raise ” Cryptocurrency asset managers Pantera Capital and Arrington XRP Capital have co-led a $5.8 million private investment round for Unbound Finance, an up-and-coming DeFi treasury protocol for pooled tokens. The funds will be used to further develop Unbound Finance’s cross-chain stablecoin platform, including…
“# BIS joins France and Switzerland’s central banks on cross-border CBDC project ” The Bank of France and the Swiss National Bank are teaming up with the Bank for International Settlements’ Innovation Hub to test a wholesale central bank digital currency (CBDC) system dubbed “Project Jura.” According to a release by the Bank of France…
“# Stablecoins not that radical, says Bank of England official ” There has been much commotion about stablecoins amongst central bankers, regulators and lawmakers in recent years, most notably in the furor surrounding Facebook’s repeated attempts to launch variously designed stablecoins that would be native to its multiple social media platforms. Not everyone in the…