Standard Chartered to Launch Institutional Crypto Custody Solution
“The firm is building what he claimed would become one of the most-secure crypto custody solutions on the market.As many as 20 institutions have expressed interest in the custodial solution.
Although it will be based in the U.K., it will be open to clients from around the world.As well as assets such as bitcoin, SC Ventures is looking at also making the solution suitable for security tokens.
If digital assets more broadly are here to stay as an asset class, then you will need the infrastructure to keep them safe.” Mastercard Expands Cryptocurrency Program for Crypto Card Issuers
“Mastercard said it was simplifying access to its Accelerate program for crypto card issuers, allowing applicants to be onboarded as partners “in a matter of weeks.”
The cryptocurrency market continues to mature, and Mastercard is driving it forward, creating safe and secure experiences for consumers and businesses in today’s digital economy.
Wirex has become the first native cryptocurrency platform to be granted a Mastercard principal membership, which will allow it to directly issue crypto payment cards.” Latest DeFi Craze Involves a One-Man Project With a ‘Worthless’ Token
“The latest DeFi yield farming mania involves yEarn , a yield aggregating platform developed by just one man, Andre Cronje.Despite his warnings that the platform’s token, YFI, is worthless and “won’t be on Uniswap,” it was in fact listed on Uniswap.
A price run for more than 4,000% in a single day kicked off as a consequence.The valuation for the token began at about $30 dollars, and it reached an all-time high of $2,374 the next day.
The YFI token can be earned by simply providing liquidity to a family of DeFi platforms developed primarily by Cronje, where yEarn.finance is the flagship product.
The platform automates the process of finding the highest yield among other DeFi platforms.“ Alibaba’s Ant Group Plans Dual IPOs at Possible $200B Valuation
“Ant Group has kickstarted the process of a concurrent initial public offering (IPO) on both the Shanghai and Hong Kong stock exchanges .
The fintech giant said that a dual listing would allow it to fund further domestic and global expansion as well as invest more in technology and innovation.
JPMorgan and Bank of America analysts now value the company at well over $200 billion.If that valuation holds, Ant Group’s offering would make the company one of the most highly valued in the world and, arguably, the largest firm operating in the blockchain space .” OpenEthereum Supported 50% of Ethereum Classic Nodes.Now It’s Leaving the Project
“What this means is, of the 615 current Ethereum Classic nodes listed by ETC Nodes, 425 won’t update in the future as developers make changes via hard forks.
We explored various options to work with different players from ETC but in the end we felt we want to focus on the thing we know and that is Ethereum.
In addition, it has concerns about that blockchain’s immutability.Phoenix introduced new internal changes to the tokenomics of the blockchain network, called OP-CODEs.
Changing those tokennomics necessarily broke some smart contracts thereby harming the network’s image as the “immutable” version of Ethereum.
If the original good reason that caused the disruptions and splits of ETH and ETC is no longer valid, then I think for a healthy ecosystem of Ethereum, we should follow the majority consensus of ETH, or support a merge of ETH and ETC.” UK Government Moving to Restrict Cryptocurrency Promotions
“HM Treasury said Monday it was looking to clamp down on “misleading and inadequate promotions” that endangered retail investors.
The proposals call for companies to pass through a “regulatory gateway” before being approved to promote cryptocurrency products.The Financial Conduct Authority (FCA) would become the body responsible for overseeing digital asset promotions.” Updated Russian Crypto Bill Defangs Punishments for Using Crypto
“A new version of Russia’s major draft bill on cryptocurrency regulation does not include criminal offense codes as lawmakers are expected to hold the bill’s second reading tomorrow.
Each bill is subject to three readings as it passes the development from draft to adoption.The proposed legislation does not intend to introduce criminal liability such as fines and prison terms for illegal use of crypto in Russia .” Share this:.
