“Bank regulators in 49 U.S. states, Washington, D.C. and Puerto Rico plan to make compliance for cryptocurrency companies simpler by consolidating supervisory exams.
This will streamline compliance, making it easy for state-licensed money transmitters like Coinbase to work across multiple states, instead of going through the time and expense of getting regulated in each and every one.”
See Also: How Crypto Can Win Over Washington, DC
“Forget about parking the balance sheet surplus in inflation-prone cash or low-yield bonds or overextended tech stocks, Saylor said. In a market like this – and in the future he said is certain to come – there are only two good places to put excess cash to work: stock buybacks and bitcoin.
I want something that I could put $425 million into for 100 years.
This is not a speculation, nor is it a hedge. This was a deliberate corporate strategy to adopt a bitcoin standard.
As of press time, MicroStrategy has converted $425 million into bitcoin. The stock has surged 30% since its first bitcoin buy on Aug. 11. It was up 9% on Tuesday.”
“Bank of Thailand, has launched a blockchain-enabled platform for the issuance of government saving bonds. The Thai central bank sold 50 billion baht (approximately $1.6 billion) worth of government savings bonds over one week’s time.
In the next phase, the infrastructure will expand to support all different government bonds.”
“A second Ethereum 2.0 testnet, called Spadina, will launch this month. Spadina will only last for three days with a specific focus on deposits and genesis.
The Spadina testnet will give everyone another chance to go through that process, as well as the launch of the genesis block. In other words, it’ll be a second “dress rehearsal.”
We realize that both the engineers and the community could use one more public testnet launch before mainnet to run through the motions. At the same time, we want to avoid disrupting Medalla’s momentum.”
“An Indian startup has built a decentralized notification protocol dubbed Ethereum Push Notification Service (EPNS) allowing DApps to send push notifications to Ethereum wallet users.
EPNS is a decentralized communication layer that follows the Web 3.0 ethos and is ‘capable of carrying notifications to any platform including crypto wallets, mobile apps or even web browsers.’
The protocol allows users to be in direct control of what services they get notifications from, it imposes rules on the services including spam protection for users, limiting their ability to add wallets as subscribers, etc.”
“Tezos has been selected for the French central bank’s digital euro trials. The trials will focus on a Central Bank Digital Currency (CBDC) for interbank settlements.
While France appears to be leading the European charge toward a CBDC, several other countries, including Italy, Lithuania (which is using a hybrid private/public blockchain, NEM,) and the Netherlands are also in the running. The European Central Bank has also confirmed that it’s working on trials.”
“For instance, the crypto-lending platform BlockFi was able to reduce its customer acquisition costs by 75% with Brave ads. The campaign was also twice as effective as a Google campaign in terms of the percent of respondents who opened accounts.
Brave has proven to be one of the most effective channels in driving new customers to BlockFi. The opt-in experience creates deeper engagement that consistently results in a 3x higher CTR than any of our other paid media spend.”
“The chief financial watchdog of Nigeria will treat cryptocurrencies and token offerings as forms of security until proven otherwise.
The burden of proof will be on issuers themselves to show the regulator, in an initial assessment filing, how their particular digital asset doesn’t count as a security.”
“bZx had been able to track down the attacker using his or her on-chain activity. The attacker returned the funds after being exposed.
The project wouldn’t reveal the attacker’s identity for ‘legal reasons.'”
“Dapper Labs is using Circle’s dollar-backed stablecoin, USDC, as a global settlement solution for its non-fungible tokens (NFTs). The embrace of USDC on Dapper’s back-end is another bid by the firm to court mainstream users by reducing the friction associated with cryptocurrency payments.
The startup’s current flagship offering, NBA Top Shot, launched in June and has clocked $2 million in revenue and 58,081 transactions.”
“Gelato is building a product that adds the next stage to smart contracts, allowing Ethereum developers to automate contract execution on their dapps. While smart contracts execute functions once pre-defined conditions are met, most still require users to manually send the transaction itself.
While automated smart contract execution is already available, Gelato says this will be the first such product built entirely on a completely decentralized infrastructure.”