Month: June 2021

ECB’s Villeroy calls for quick action amid Digital Yuan development

The Bank of France governor Francois Villeroy de Galhau is the latest official to express his view on Digital Yuan’s impact to the current system China continues drawing scrutiny and criticism as it develops and tests its Central Bank Digital Currency (CBDC), with more central banks and governments getting concerned about what the Digital Yuan will …

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Formula 1 agrees $100 million sponsorship deal with Crypto.com

The sponsorship is reportedly a five-year partnership that will see Crypto.com unveil a new award for the Formula 1′s Sprint series. Formula 1 and Crypto.com have agreed on a partnership that sees the cryptocurrency platform become the inaugural global partner of F1’s Sprint Series. Sources cited by CNBC have claimed that the sponsorship will initially …

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Australian regulator consults on crypto investment products

ASIC wants to establish which cryptocurrencies are suitable for ETPs and how they can be reliably priced and custodied The Australian Securities and Investment Commission (ASIC) published a consultation paper today on how investment products providing exposure to crypto assets could meet existing regulatory expectations. Market participants are invited to give feedback on the paper, …

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LPOOL records 50% daily gains: the best place to buy LaunchPool

LaunchPool is a crypto funding protocol that is trending upwards in the market LaunchPool has a laudable mission: connecting crypto startups with investors and growth specialists to give projects successful launches and better reward stakeholders. Their decentralised approach to funding has won over leagues of supporters, and LPOOL is up by over 80% this week …

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ARK Invest and 21Shares collaborate to market new ETF

Cathie Wood’s Ark Invest yesterday filed for a bitcoin exchange-traded fund (ETF) alongside Swiss-based 21Shares Asset management company ARK Invest has partnered with 21Shares in a joint application to the Securities and Exchange Commission (SEC) seeking approval for a proposed Exchange-traded fund.  The Monday filing detailed that the token, if approved, would be on the …

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MAS, IMF and World Bank launch global retail CBDC challenge

The competition is designed to find innovative retail CBDC solutions that increase efficiencies and promote financial inclusion Central Bank Digital Currencies (CBDCs) are seeing growing adoption, with most world governments now at some stage of the CBDC development process. There are still hurdles to overcome, however, before mass adoption will be possible. This is something …

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