“The SIX Digital Exchange (SDX) has been authorized by Swiss financial regulator FINMA to offer trading and custody of digital assets.
Having first announced it was building an exchange for digital assets based on blockchain technology in July 2018, SIX has been granted two licenses from FINMA to operate a stock exchange and central securities depository (CSD). It appears to be the first major stock exchange to be starting its own digital asset exchange.
This is an important milestone in providing institutional investors with a safe and robust infrastructure meeting all of the core requirements of a traditional exchange and CSD infrastructure.
It is not clear yet exactly which digital assets will be supported, though SIX’s initial announcement three years ago made reference to tokenizing traditional securities.”
“The Bank of International Settlements (BIS) is signaling to central banks that they must prepare for the advent of central bank digital currencies (CBDC). Cœuré’s speech reinforced global regulators’ growing apprehension towards stablecoins and DeFi solutions.
We should roll up our sleeves and accelerate our work on the nitty-gritty of CBDC design. CBDCs will take years to be rolled out, while stablecoins and crypto assets are already here. Central banks have to act while the current system is still in place – and to act now.
Global stablecoins, DeFi platforms and big tech firms will challenge banks’ models.
Cœuré also said that central banks need to consider a number of implications including how public and private money should coexist in new ecosystems, and if central bank money, for instance, should be used in DeFi rather than private stablecoins.”
“According to The Washington Post on Friday, Diem is facing difficulties smoothening regulatory wrinkles with senior policymakers in the Biden administration. Feelers from Washington say key policymakers like Treasury Secretary Janet Yellen and several members of Congress are against privately issued stablecoins.
Even with the full weight of Facebook’s significant lobbying power in Washington, the digital currency project is yet to get off the ground.”
“Bitcoin was trading around $45,000 at press time and is down about 8% over the past week. Some analysts expect BTC to consolidate with support nearby at the 200-day moving average. Ether is holding support above the $3,000 breakout level that was achieved in August.
The macro and on-chain (blockchain) pictures remain consistent, and therefore we believe these mid-cycle liquidations are good opportunities to consolidate positions.
Analysts and traders are also monitoring regulatory risk, which could damp sentiment in the crypto market.”
“A judge ruled today that Apple can no longer block the use of external payment options in iOS apps. Currently, app developers on the platform can only route payments through Apple, which takes up to a 30% cut of all revenue for in-app purchases.
Apple is hereby permanently restrained and enjoined from prohibiting developers from including in their apps and their metadata buttons, external links, or other calls to action that direct customers to purchasing mechanisms, in addition to in-app purchasing.
This may ultimately open the door to much easier use of cryptocurrency wallets to pay for goods and services, and a wider array of mobile payment options for iOS users. It’s a major blow to Apple and its “walled garden” ecosystem strategy.”
“Miami’s SCOPE Art Show is working with YellowHeart, a blockchain-based live event ticketing platform, to sell VIP tickets in the form of non-fungible tokens (NFTs). YellowHeart, which is built on the Polygon blockchain, aims to change the way tickets are sold by creating a more transparent ticket sale experience.
This unique set of minted tickets will feature exclusive editioned artwork by emerging and celebrated artists.”
“El Salvador’s move to embrace Bitcoin has ruffled the feathers of bond investors, with yields spiking as investors signal uncertainty for the emerging economy.
However, El Salvador’s move to recognize Bitcoin as legal tender is not the sole force exerting bearish pressure on the country’s bond market.
Other pundits have emphasized Bukele’s sudden ousting of the country’s constitutional tribunal in May as a major source of negative sentiment regarding El Salvador’s economic outlook, with Bukele having fired the country’s attorney general and top judges.”
“RealX has partnered with Tripvillas, a holiday home rental service, to blend ownership of holiday properties in accordance with usage and yield.
We offer ‘direct deeded property co-ownership’.
The CEO of Tripvillas said that the RealX platform will soon allow Indian investors to co-own international properties on the platform to incentivize dollar-denominated income.”