Highlighting what went right, and what went wrong, in this week’s crypto news analysis.
Looking back at last week’s biggest news, including price analyses for BTC, ETH, and XRP.
With yield farming inarguably still the focal point of the industry, crypto exchanges have been feeling left out.
In an attempt to compete with the frenzied movement in DeFi, Huobi announced last week the launch of several crypto savings products that will allow its clients to earn interest on BTC or USDT, but with lower risks than DeFi markets. In the coming weeks, we expect to see more exchanges to expand their footprint in the growing crypto investment space.
On Thursday, Switzerland showed it is stealthily becoming among the world’s most pro-crypto countries. Parliamentarians quietly passed a fresh set of finance and corporate law amendments that recognise the crypto and blockchain industry.
On Friday, we released a new Coppercasts episode featuring David Shrier, one of MIT and Oxford University’s leading futurists. AI is at the heart of this episode, which has been our most listened to podcast so far in the series. If you haven’t listened yet, you can check out it out here to hear what all the fuss is about!
Below is our weekly roundup of industry and coin specific news. If you’d like to get in touch with us about any of our products or services, we look forward to hearing from you. Just send us a note.
Cryptocurrency exchange Luno has been acquired by the blockchain investment firm, Digital Currency Group (DCG).
DCG was one of Luno’s earliest investors, participating in a seed round within a year of the startup’s establishment in 2013. Luno will continue to operate as an independent subsidiary.
On Wednesday, Mastercard announced the launch of its central CBDC testing platform to help central banks assess and explore national digital currencies.
Emphasising the need for its new platform, Mastercard cited research by the Bank of International Settlement (BIS) highlighting that about 80% of central banks are researching CBDCs and about 40% have already progressed to the experimental stage
Germany, France, Italy, Spain, and the Netherlands have asked the European Commission to regulate stablecoins.
The finance ministers of the five European Union member states said in a joint statement on Friday that stablecoins should not be allowed to operate in the 27-member bloc until legal, regulatory and oversight challenges had been addressed.
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