Fiatum Channel

2021-11-05 14:01:14 EU central banks work on DLT-based asset settlement

European central banks ramp up their efforts to utilize distributed ledger technology (DLT), the foundation of blockchain, in central bank money settlements.

Banca d’Italia and Deutsche Bundesbank, central banks of Italy and Germany, respectively, joined forces to work on settlements in central bank money of DLT-based asset exchanges.

The official announcement stressed that the primary goal of the joint workshop was not to use DLT as a replacement for conventional systems. Instead, the initiative aims to complement the current central bank money settlement practices with a programmable trigger mechanism that connects the DLT-based asset, like a tokenized security, and cash to be settled via conventional payment systems. Open / Comment

2021-11-05 11:21:33 BetaShares crypto company ETF smashes Australian records on opening day

Australian fund management company BetaShares’ new crypto company ETF smashed Australian Securities Exchange (ASX) records within the first 15 minutes of listing.

The Capital Appreciation Portfolio Diversification (CRYP) fund enables investors to gain exposure to 50 pure-play listed crypto companies from around the world such as exchanges, mining companies and equipment firms.

Some of the top companies on CRYP include Galaxy Digital (12.0%), Marathon Digital (11.3%), Coinbase Global (10.7%), Silvergate Capital (10.2%) and Microstrategy (9.4%).

Investors blasted through the existing ETF record of $5.8M (A$8M) within minutes and soared to a total of almost $31.3M (A$42.5M) by the end of opening day signalling massive pent up demand for crypto exposure on the ASX. Open / Comment

2021-11-05 11:11:23 NY Mayor-elect Eric Adams will take his first three paychecks in Bitcoin

New York Democrat Mayor-elect Eric Adams revealed on Twitter today he intends to take his first three paychecks in Bitcoin. Adams also doubled down on his plans to make New York the “center of the cryptocurrency industry” after he takes office in January. Open / Comment

2021-11-05 10:58:06 Colombian exporter developing a cryptocurrency to help transport long-horned beetles to Japan

As reported by Reuters Thursday morning, Tierra Viva ("Alive Earth"), a Colombian exporter of long-horned beetles based in Tunja, has been developing its own cryptocurrency to avoid high commission costs on international sales. According to the outlet, the Hercules, Neptunus, and elephant beetle species exported by Tierra Viva have a retail price of $300 a pair in Tokyo. The beetle species are popular among Japanese schoolchildren and collectors.

Carmelo Campos, chief programmer of Tierra Viva, said the following in an interview with Reuters: Open / Comment

2021-11-05 09:39:03 Google invested $ 1 billion in CME Group, which is a Bitcoin futures provider

CME Futures has received a huge $ 1 billion investment from Google to bring its core trading systems to the cloud. The news was first published by the Wall Street Journal and reports that the tech giant will be providing its cloud-based CME services to "energy markets that process trillions of dollars in deals daily."
Both sides agreed on a ten-year partnership. CME will strive to acquire new users faster and develop new features using Google technology.

Founded over a century ago, the Chicago Mercantile Exchange provides its clients with access to numerous markets, from oil and gold to futures in the stock markets.

Since the end of 2017, CME has also become part of the cryptocurrency space by launching Bitcoin futures trading. CME has also launched Ethereum futures trading and most recently announced the launch of ETH micro-futures. Open / Comment

2021-11-05 09:32:08 Coinbase is testing subscription service with zero fees

American cryptocurrency exchange Coinbase is testing a new subscription service called One. Service users will be able to trade without commissions, and will also have access to additional functions.|

According to a Coinbase spokesman for The Block, the service will initially only be available to a small number of customers, but the coverage will increase later.

In addition to zeroing fees, subscribers will receive higher priority on Coinbase phone support, “including weekends and holidays”. In addition, users of the service will receive "additional protection" for their account.
"If funds were stolen from your Coinbase account, then you can receive a refund of up to $ 1 million," said a representative of the exchange. Open / Comment

2021-11-05 09:25:52 In China, the number of users of the digital yuan has grown to 140 million people

According to the official of the National Bank of China (NBK), China has increased the number of individuals with electronic accounts in RMB to 140 million, which is 10 million times more.

In the course of tests carried out in about ten regions, 150 million transactions were processed in digital yuan or e-CNY in the amount of 62 billion yuan ($ 9.7 billion). The head of the NBK Digital Currency Institute Mu Changchun told about this at the Hong Kong Fintech Week conference.

According to the data of the central bank, by the end of June, more than 24 million individual and corporate users with e-CNY-coins and 4.5 milliards of memory were opened in China. Open / Comment

2021-11-04 18:33:14 Bitcoin will peak at $253K, Ethereum at $22K this cycle if 2016 halving bull run repeats

A simple comparison shows just how much room both BTC and ETH price action have left to grow.
Bitcoin (BTC) may be over seven times higher than at its last halving, but if history repeats, that number could grow another 300% and more.

As tracked by on-chain data source Econometrics this month, BTC/USD has the potential to eclipse estimates simply by following historical precedent. Open / Comment

2021-11-04 18:17:39 Enjin wants to decentralize its metaverse with new $100M fund

Blockchain gaming platform Enjin is establishing a new fund to support the development of the metaverse ecosystem and make it more decentralized.

Enjin, a startup behind the nonfungible token (NFT)-focused blockchain Efinity, has formed a $100-million fund to support Efinity adopters as well as other related projects, the startup announced Thursday.

“It is now time for us to turn this into an official, public, and conscious piece of our growth strategy, and support a free, open, and decentralized Metaverse,” Enjin said, adding that it will consider equity investments in seed funding rounds and token purchases to nurture the ecosystem.

Dubbed the “Efinity Metaverse Fund,” the new fund also targets organizations that are focused on cross-chain integrations with the Enjin ecosystem as well as collaborative NFT projects on Efinity and Polkadot. The fund will also support gaming projects built on “all platforms” alongside other areas related to th Open / Comment

2021-11-04 17:42:04 Binance to spend $115M in France to develop European crypto ecosystem

Binance CEO Changpeng Zhao announced the launch of the $115-million crypto and blockchain initiative during a conference in France.

Global crypto exchange Binance is starting a 100-million euro ($115 million) initiative to develop the blockchain and crypto ecosystem in France and Europe, Binance CEO Changpeng “CZ” Zhao announced in a talk with French Minister Cédric O at the French Ministry of Finance in Paris.

Binance is launching the new initiative, officially named “Objective Moon,” in partnership with the local financial technology association France FinTech. The association will help Binance connect and work with the local fintech sector, a Binance spokesperson told Cointelegraph.

According to the announcement, Objective Moon would see the development of a Binance Research and Development hub in France. To this end, the crypto exchange plans to recruit crypto and blockchain talent from across France and Europe. Open / Comment