“DiDi, the Chinese equivalent of Uber, has entered into a strategic partnership with PBoC in an effort to accelerate the application of the CBDC, or DCEP.
While the details of the rollout are not yet clear, the pilot plan could see one of the first real applications of China’s digital Yuan initiative as Didi touts a reach of over 500 million users in China.”
“A subsidiary of India’s industrial giant Tata, the second-largest company in India, has launched a way for banks and financial institutions to offer crypto trading services to their clientele.
Tata Consultancy’s head of Quartz, said in a statement that cryptocurrencies are rapidly becoming a viable investment vehicle and that the new product allows banks to quickly capitalize on the new trend.
The launch of Quartz is a strong signal that future regulation is likely to be supportive, not punitive.”
“The CFTC has made comprehensive crypto regulation a strategic objective to accomplish over the next few years, referring to digital assets as ‘21st century commodities.’
The new framework puts out goals for the next four years, up until 2024, which is when current Chairman Heath Tarbert’s term is scheduled to end. The broad strategy includes heavily pro-innovation language.
We will develop a holistic framework to promote responsible innovation in digital assets.”
“The relay network alerts users to incoming blockchain transactions quicker than the typical network can by cutting a high-speed path through the chain’s peer-to-peer (P2P) architecture.
OpenWeaver hopes to strengthen the decentralization of the Ethereum network by providing another rail for crypto transactions to be processed. Relayers could provide a way for dapps to cover a user’s gas tab on the front end. Relays can also work as an emergency backup in case of political crackdowns on node operators.”
“Catalyst allows institutional investors to create and trade securitized versions of sophisticated strategies without trading or holding the digital assets themselves. The underlying assets are custodied by Copper.
Each security is an actively managed certificate (AMC), a highly flexible instrument akin to an exchange-traded fund that can be set up and issued in weeks. They will be tradable on regulated European stock exchanges and subject to existing securities regulation.”
“Rather than spawning a Bitcoin Utopia, so far the cryptocurrency trend has further aligned Brazil with the U.S. dollar. Crypto fans are looking for value outside the ailing Brazilian currency system because the Brazilian real hit a record low against the dollar in May 2020.
We have a trend of dollarization, so of course having stablecoin access is interesting for … access to smart contracts for more stable savings.
From the user’s perspective there’s very little reason to have a real-pegged stablecoin.”
“Libra’s original vision in 2019 had been to release one multi-currency stablecoin backed by a basket of up to 30 fiat currencies. This was hit with resistance from government officials who were concerned about a private entity challenging their monetary sovereignty.
We’ve not abandoned the multi-currency stablecoin, drawing its DNA from the [International Monetary Fund’s] special drawing fund, which remains an important design feature.
He added that Libra was also exploring ways it could make its governance structure closer to a public-private partnership with national governments.“
“A legally binding contract grants the rights to the film to the holder of the ERC-721 token in which the hash and metadata of the artwork is stored. This means that if, for instance, the Museum of Modern Art wanted to purchase the piece, it would first need to acquire an Ethereum wallet.
Additional tokens have been minted and distributed between the contributors to the film. If somebody buys the piece, the proceeds will be split based on the percentage holdings of these additional tokens.
For any further sales, 10% of the sale price will go directly back to the original artists.”