Week 16 wrapped up last week and presented to you in the new. A glitch in the chain of life, call it what you may, but here it is. A week full of surprises, eventful endeavors from the world of global finance and economy, and the dual battle between the standards of payments and currencies. The week mostly colored with advancements in the EU crypto regulation, the future of stablecoins, and CBDCs. Dear readers, without further ado. Have a good read.
GLOBAL ECONOMY
Bank of Korea given right to investigate local crypto firms
Chinese city public servants to receive digital yuan salaries
Ukraine plans to adopt EU’s new cryptocurrency regulations
Belarus to decide on issuing CBDC by year’s end
Israel’s Central Bank says CBDC could be issued if stablecoin use increases
ECB to keep raising interest rates unless wage growth slows
Evidence shows China is on the quest to Dethrone US Dollar
Russia plans to permit foreign crypto mining
UAE mandates VASP licenses for crypto firms
POLITICS
SEC Charges Crypto Asset Trading Platform Bittrex for operating an Unreg. exchange broker, and clearing agency, In Liechtenstein
Crypto-assets: green light to new rules for tracing transfers in the EU
EU lauds 'comprehensive regulation as MiCA crypto law passes
EU crypto regulations pass as policymakers claim an advantage over US
SEC chair Gary Gensler defends crypto crackdown in contentious House hearing
Stablecoin debate divides along party lines during House hearing
SEC wins $2.8M in suit over alleged crypto token price manipulation
Biden’s comms director barred from former crypto clients
UK may have crypto regulation within a year
Indian Finance Minister Advocates for a Global Consensus on Crypto Regulations
Texas Digital asset service provider bill passes House vote
SEC’s Gary Gensler says he has never owned crypto
CRYPTO
FTX Crypto exchange restart plan draws possible bid from tribe capital
Coinbase could move away from the U.S. if no regulatory clarity
Coinbase to shift investment focus oversee whilst battling in court with SEC
Gemini to open a crypto derivatives platform outside the U.S.
Crypto’s path to Wall Street could get easier with new plumbing
Researchers find cryptocurrency ’signatures of maturity’ similar to the equities market
Hong Kong court rules cryptocurrencies as property
Kraken receives virtual asset service provider authorization in Ireland
Ripple might ”follow suit” Coinbase’s lead by leaving The United States
Coinbase obtains license to operate in Bermuda
PAYMENTS
Bank of England hints at limits on stablecoin payments
House set to examine the future of US stablecoins
Ryan Reynolds adds Nuvei to his investment portfolio
Zimbabwe to introduce gold-backed digital currency
Bank Of Russia to set up entities for crypto mining and cross-border settlement
Georgian vendors get crypto payments option with new partnership
Ripple survey shows payment leaders see crypto potential
BANKING
Apple and Goldman Sachs offer US savings accounts with 4.15% annual interest
Depositors pull nearly $60bn from three US banks as Apple raise pressure
Banks Knock CBDC as a potential drain on deposits
Bank of England preparing for greater role of tokenization in finance
NYDFS says the ’Dual Banking system’ should oversee stablecoins
Federal Reserve governor says CBDC risks likely greater than benefits
FINANCIAL MARKETS
African Blockchain ventures outpace global funding growth
Credit Suisse logged asset outflows of more than $68 billion during the first-quarter collapse
Citadel is up again in 2023 following a record year
Voyager’s $1B deal with Binance.US moves forward after deal with Feds
Former Goldman Sachs executive predicts 1BN users to flood crypto markets this cycle
$190BN teachers’ fund writes off massive crypto investment loss after collapsing of FTX
INVESTMENTS
March banking chaos gave short sellers their biggest profits since the financial crisis
New Trump NFT sells out on day one
Binance.US takes a step closer to acquiring Voyager Digital
Trades are ”FED” up with Trump NFT’s
Bed Bath & Beyond files for bankruptcy protection
’Smart Money’ Eyes BTC bull run
Taylor Swift sidestepped FTX debacle with a simple question
DEFI
Romania plugs into Web3 with a national NFT marketplace
Games and tokenization are driving NFT industry's maturation
Solana launches emissions dashboard to spur blockchain carbon footprint transparency
TransUnion to begin providing identity-providing credit scoring for DeFi lending
Multichain token systems can improve liquidity
SafeMoon hacker agrees to return 80% of stolen funds
Solana sets the standard for sustainability with real-time carbon emissions data
First-ever NFT insider-trading case heads to trial
TECH
Citi India processes letter of credit on blockchain cuts time by 90%
Intel Bitcoin mining chips discontinued despite chip efficiency
Crypto developers expose ’absolutely horrible’ flaws in Societe Generales euro stablecoin
Mattel to launch P2P virtual collectibles marketplace
- Till we yield again
*Disclaimer: This article is not financial or investment advice, nor should it be perceived as such. Penning Group and the author shall not be held accountable for any misinterpreted information by the reader. If you are interested in learning more about investing in the DeFi space and in general, please get in touch with us.