THE LATEST CRYPTO NEWS FROM CNS Nifty News: Porsche ends | Crypto Never Sleeps Broad

THE LATEST CRYPTO NEWS FROM CNS

Nifty News: Porsche ends 'low effort' NFT mint early, Oreo dunks into the Metaverse and more

Car manufacturer Porsche had to cut short a nonfungible token (NFT) mint of its famous white 911 model only two days after the public mint started, saying its “holders have spoken.”

The Jan. 23 launch was seen by some as a huge flop for Porsche with just 2,040 of the 7,500 NFTs available having been sold at the time of writing.

https://cointelegraph.com/news/nifty-news-porsche-ends-low-effort-nft-mint-early-oreo-dunks-into-the-metaverse-and-more


Genesis sues Roger Ver for $20M over unsettled crypto options trades advocate Roger Ver has sued by a unit of crypto lending firm Genesis over unsettled crypto options amounting to $20.8 million.

GGC International, a part of the bankrupt crypto lender, filed the suit against Ver in the New York State Supreme Court on Jan. 23, claiming that the BCH proponent has failed to settle crypto options transactions that expired back on Dec. 30.

Ver was given a total of 20 days to answer the summons. Should the BCH advocate fail to answer within that time frame, he will be obliged to pay the total amount by default. At the time of writing, the BCH proponent has not yet responded to the case.

https://cointelegraph.com/news/genesis-sues-roger-ver-for-20m-over-unsettled-crypto-options-trades


Stablecoins and CBDCs might play ‘meaningful role’ in payments — Visa CEO

The chief executive of credit card giant Visa remains confident that blockchain-powered solutions can be integrated into its services and offerings to power the next generation of payments.

Speaking on a call at Visa’s annual stockholder meeting on Jan. 24, outgoing CEO Al Kelly — who will officially step down on Feb. 1 — briefly shared the firm’s plans for central bank digital currencies (CBDCs) and private stablecoins.

https://cointelegraph.com/news/stablecoins-and-cbdcs-might-play-meaningful-role-in-payments-visa-ceo


Saudi Central Bank still researching CBDC, but no decision on deployment

The Saudi Central Bank (SAMA) is ramping up its research into central bank digital currencies (CBDCs) but is yet to announce a deployment.

In a Jan. 23 bulletin, the bank stated it was working on a phase of a project that “focuses on domestic wholesale CBDC use cases in collaboration with local banks and fintechs.”

However, it confirmed there had been no final decision to launch such a digital currency in the Middle Eastern nation.

https://cointelegraph.com/news/saudi-central-bank-still-researching-cbdc-but-no-decision-on-deployment


UK gov't is hiring a central bank digital currency lead for Treasury team

HM Treasury in the United Kingdom has begun calling for applicants to lead the central bank digital currency team behind efforts towards a digital pound.

In a job posted to LinkedIn on Jan. 24, the U.K. Treasury called for a team lead for its Payments and Fintech Team of roughly 20 people focused exploring on a “potential digital pound”. According to the posting, the CBDC head would determine the “strategic direction” for Treasury’s efforts to develop a digital currency in line with the government’s agenda, as well as analyze potential policy issues for lawmakers.

https://cointelegraph.com/news/uk-gov-t-is-hiring-a-central-bank-digital-currency-lead-for-treasury-team