28 December

“Bahrain has become the first Middle Eastern-North African country to give Binance approval in principle to establish itself as a crypto-asset service provider. The exchange also registered Binance Canada Capital Markets with FINTRAC, the country’s anti-money laundering (AML) and anti-terrorism financing regulator.

The developments are part of Binance’s plan to become a fully regulated centralized cryptocurrency exchange. During 2021, Binance drew the attention of regulators around the world for its operations, with many saying it’s not authorized to conduct business in their jurisdictions.”

“Luxury marketplace UNXD, which is built on the Polygon network, and Decentraland, a virtual reality platform built on the Ethereum blockchain, plan to offer a metaverse fashion week with catwalk shows, pop-up shops and afterparties in March.

The show will allow users to view fashion in a virtual environment and purchase outfits for their online avatars. Decentraland called for designers, brands and fashionistas to have their virtual collections ready to present in the metaverse.

In September, UNXD worked with Italian haute couture label Dolce & Gabbana to launch its NFT collection, Collezione Genesi, which fetched approximately $5.65 million in a sale.”

“Mexico’s third-richest person sent out a heart-warming New Year message to Bitcoin (BTC) enthusiasts on Christmas Eve. Ricardo Salinas Pliego recommended moving away from fiat money and buying Bitcoin in a two-minute festive video.

Steer clear of fiat money. Whether it’s the Dollar, the Euro, or the Yen –it’s all the same. It’s fake money made of paper lies. Central banks are producing more than ever.

Salinas aims to make Mexico’s second-largest retail bank, Banco Azteca, the first lender in the country to do business in BTC.”

See Also: Bitcoin Continues Its Low-Volume Rally Before Tapering Off

Public DeFi applications are absent on Cardano in December 2021, but that’s not deterring Hoskinson from visualizing widespread activity on the network in 2022. [😂]

My goal for the second half of 2022 is to figure out how to put all the pieces together to get an end-to-end microfinance transaction on Cardano.”

See Also: DeFi Traders Push Terra’s UST Stablecoin to $10B Market Cap