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Get your daily digest of crypto-asset and blockchain-related news – by investigating stories that fly under the radar in today’s crypto news.
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CBDC News

  • The European Central Bank (ECB) said it will collaborate with five companies to develop potential user interfaces for the digital euro: CaixaBank and Worldline will work on peer-to-peer online payments, ENP and NEXI on payor-initiated point-of-sale payments, and Amazon on e-commerce payments. The objective of this prototyping exercise is to test how well the technology behind a digital euro integrates with the prototypes developed by the companies. It is expected to be completed in the first quarter of 2023, when the ECB will also publish its findings.

Regulatory News

  • The United States White House today issued a “first Full frame for Responsible Development of Digital Assets” outlining the findings and recommendations of various federal agencies after six months of studying the crypto industry. Among other points, the recommendations include strengthening the role of the United States as a global pioneer in cryptography by encouraging innovation and private sector cooperation at the international level. The framework containing the recommendations is divided into sections: “Protecting consumers, investors and businesses”, “Promoting access to safe and affordable financial services”, “Fostering financial stability”, “Advancing responsible innovation “, “Strengthening our Financial Leadership and Competitiveness”, “Fighting Illicit Finance” and “Exploring a US Central Bank Digital Currency (CBDC)”.
  • WE Security and Exchange Commission SEC Chairman Gary Gensler said many crypto-asset companies must register their tokens with the agency, reaffirming that “the vast majority” of the roughly 10,000 crypto tokens are securities. “Given the nature of crypto investments, I recognize that it may be appropriate to be flexible in applying existing disclosure requirements,” he said. said during his testimony before the US Congress. According to a Wall Street Journal report, Gensler also stated that Proof of Stake (point of sale) the crypto-assets could be securities under the Howey test.
  • South Korea Financial monitoring service FSS Governor Lee Bok Hyeun said he disagreed with the view that crypto cannot be considered financial investment products or securities. He also said he helped local prosecutors appoint Terra LUNA tokens as securities, according to local media.

Legal news

  • Hong Kong CEO John Lee says he reported a suspicious online cryptocurrency platform to police for further action, the South China Morning Post reported. On Friday, he warned members of the public not to be fooled by bogus investment plans after his image and made-up quotes were used in a bid to lure people to an online trading platform.
  • The trouble Celsius Network said that at the October hearing, they “hope to advance discussions regarding reopening withdrawals for some of our Custody and Withhold account holders with other stakeholders.” The company, which is currently in Chapter 11 bankruptcy proceedings, has asked the court for permission to sell its stablecoin holdings to generate cash to help fund its operations, according new court cases. A hearing is scheduled for October 6 in New York. His stablecoin holdings are around $23 million.
  • The Bankrupt Crypto Lender’s Asset Auction Voyager Digital Ltd. began Tuesday in New York, The Wall Street Journal reported. The winning bid or bids will be revealed at a hearing scheduled for September 29, although they may be disclosed sooner, he said, citing a company spokesperson.

Web3 News

  • inflatethe Web3 Application programming interface (API) provider of a blockchain technology company ConsenSys, today announced plans to launch a decentralized infrastructure protocol to complement the existing offering. The decentralized protocol will be “a community of highly engaged infrastructure providers participating in an open source ecosystem that together can overcome the limitations of the existing marketplace,” the press release states. Qualified infrastructure providers can now apply for an early access program to participate in the new protocol.
  • Unicorn Growth Capitalan Africa-focused venture capital fund that invests at the intersection of traditional finance (TradFi) and decentralized finance (Challenge), and EchoVCan early-stage venture capital firm focused on technology for underrepresented founders and underserved markets, announced a partnership with the Celo Foundation. By the press release, the partners will support the growth of Web3 projects across Africa through new Celo ecosystem investment fund.

Political news

  • El Salvadorit is Bitcoin (BTC)-supporting President Nayib Bukele said he plans to run for another five-year presidential term in 2024, despite the country’s constitution barring candidates from serving two consecutive terms. Meanwhile, fitch reviews lowered the default rating of El Salvador’s long-term currency issuers (IDR) to “CC” from “CCC”, saying that “the country’s tight fiscal and external liquidity positions and extremely limited market access amid high fiscal financing needs and a large external bond maturity of $800 million in January 2023 make a any defect”.

Blockchain news

  • Cardano Foundation announced its partnership with Georgian National Wine Agency. The blog post stated that the duo, in collaboration with the Bolnisi Winegrowers Association and scantrustwill create a solution on the Gimbal (ADA) blockchain to “ensure the quality and authenticity of Georgian wine”. The four partners will develop a shared, scalable platform that is profitable for winemakers and increases customer engagement, they said.
  • DetroitXa major payment institution approved by the Monetary Authority of Singapore (MAS), announced native XSGD and XIDR on the Polygon (MATIC) blockchain, with Polygon becoming the third blockchain officially supported by StraitsX, after Ethereum (ETH) and Ziliqah (ZIL). StraitsX users can transfer and mint XSGD and XIDR (Polygon) directly from their StraitsX accounts, while XSGD and XIDR transferred to StraitsX accounts can be converted back to SGD, they said.

Payments News

  • Open Software-as-a-Service (SaaS) e-commerce platform BigCommerce announcement a strategic partnership with BitPay and CoinPayments to provide crypto payment solutions to BigCommerce merchants in select countries. By expanding its crypto ecosystem, BigCommerce is providing its merchants with opportunities to offer payment options, expand market share, tap new customer base, and accelerate international growth through innovation. they stated.

Investment News

  • investment firm Valkyrie added $73.56 million in fresh capital to two of its crypto-focused trusts, according to U.S. SEC filings. The Valkyrie tron The trust has raised nearly $49.8 million, while the Valkyrie avalanche Trust raised $23.8 million.

Exchange news

  • Binance recently partnered with the Philippines Cybercrime Investigation and Coordination Center (CICC) under the Department of Information and Communications Technology (DICT) to share its knowledge and experiences in preventing cybercrime using blockchain forensics with various law enforcement agencies, said the press release. The seminar was designed by Binance and led by the firm’s Asia-Pacific Intelligence and Investigations Manager, Jarek Jacubcek.
  • Gemini promoted Christopher Mariadason, who joined the exchange as head of program governance in June last year, to chief compliance officer, The Wall Street Journal reported, citing a Gemini spokeswoman. Prior to joining Gemini, Mariadason worked for more than eight years at an American multinational investment management and financial services company. Morgan Stanley.





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