“London’s Standard Chartered bank has gathered a group of crypto exchanges for a new digital asset trading platform tailored to the institutional market, according to two sources familiar with the plan. Standard Chartered’s crypto trading group comprises five of the biggest over-the-counter (OTC) traders and four exchanges, and will include an Ethereum-based settlement token.
We are building our own token of fiat collateral and hoping that will become the equivalent of Tether, except that the tokenized collateral or money will be held in the trading bank account of a proper bank.
Standard Chartered plus five of the biggest traders in digital assets and four exchanges are about to get this new model started.
This is extremely serious and not some proof of concept. They have passed all the checks and compliance and are bringing in some exciting names.”
See Also: Replacing the Pig (Recommended Read)
See Also: SBI Teams Up With Swiss SIX Exchange to Offer Institutional Crypto Services in Singapore
See Also: JPMorgan exec: Softer stance on Bitcoin but we’ve always been pro-blockchain
“Through a partnership with node-hosting service Staked, MyEtherWallet now offers its browser and mobile wallet users the option to stake ETH tokens into the Ethereum 2.0 Beacon Chain deposit contract. Staked and MyEtherWallet claim the service is non-custodial (meaning users keep control of their keys).
Staked will run a validator node for them, making it easy for the users who don’t have the technical knowledge to participate, so no further action is required on the user’s part.”
“Unity is the most popular game development engine used by game studios. With the release of the Arkane Unity plugin for Matic, game developers can publish their in-game items from within Unity straight to the Matic blockchain without any knowledge of smart contracts or transaction handling.
Moreover, thanks to the integration of Arkane wallets, gamers can sign on to their favorite games with their social logins like Google, Facebook or Twitter and automatically get a new Matic wallet, linked to the game, where their assets are safely stored.
Matic is rapidly becoming the go-to platform for Gaming and NFT Dapps, and Arkane Wallet is an incredibly powerful service in the arsenals of developers.”
“Bitcoin (BTC) may see a fresh “bearish signal” in the coming days as the Mt. Gox saga enters its final and possibly expensive phase. After multiple delays, creditors of Mt. Gox who lost money in its implosion in 2014 are set to know when they will receive BTC on Dec. 15.
After years of legal tussles, a rehabilitation scheme will see roughly 140,000 BTC distributed to creditors. The funds from the rehabilitation scheme are now worth $2.63 billion.”
See Also: Real Vision Documentary: Ethereum – An Investigation (Recommended Watch)
See Also: Cardano or Polkadot!?
“At a Tuesday panel called “Will CBDCs disrupt stablecoins?,” Giancarlo declared that the future of money depends on close government collaboration with the private sector.
Giancarlo compared the future of monetary development with the exploration of space and the development of the internet. The ex-CFTC chairman went on to say that the government’s collaboration with the private sector on digital money is ultimately a healthy approach.
The future of money is going to be determined by the public sector and the private sector working together.”
See Also: The Fiat Standard and Debt Slavery (Good Read)
“RBTC is the native coin on the RSK sidechain – a Bitcoin scaling solution that uses a blockchain-like network that sacrifices decentralization in favor of faster transaction speeds.
Before this change, RSK users would send bitcoin to a multi-signature wallet address – a wallet controlled by 12 different parties. The new system, dubbed Powpeg, will supplant these with an automated process, and most of the 12 signatories will now act as “pegnatories,” a group of validators who will monitor the RSK multi-signature wallet and the minting of RBTC.”