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2023-03-13 11:44:54 ​Lionel Messi's company invested in soccer Web3 startup

Soccer Web3 startup Matchday has raised $21 million in a seed round of funding. It was announced by Decrypt.

One of the investors was the venture company of famous soccer player Lionel Messi - Play Time. Courtside Ventures, Greylock, HackVC, Capricorn Investment Group and Horizons Ventures also participated in the round.

Matchday develops computer sports games. Co-founder and CEO Derrick Coe explained that their projects will focus on "ordinary" users.

The company has an official license from the International Football Federation and the professional players' association FIFPRO. Open / Comment

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2023-03-10 10:38:27 ​Federal Reserve Chairman Powell Speaks Out: We Don't Want to Stifle Crypto

Federal Reserve Chairman Jerome Powell has made it clear that the central bank doesn't want to prevent crypto innovation but warned that the industry is still replete with fraud and risks.

During his appearance before the Senate Banking Committee on Capitol Hill, Powell discussed the cryptocurrency space and noted that the U.S. central bank had been involved in this area to a significant extent. He also acknowledged that blockchain technology has practical applications in the real world.

"We have to be open to the idea that – somewhere in there – there is technology that can be featured in productive innovation that makes people's lives better," he told members of the committee, adding:

“We don’t want regulation to stifle innovation in a way that just favors incumbents and that kind of thing. But, like everyone else, we’re watching what’s been happening in the crypto space and what we see is quite a lot of turmoil, we see fraud, we see a lack of transparency, we see run risk.” Open / Comment

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2023-03-09 15:15:00 ​XRP Beats Bitcoin

XRP has emerged as one of the top gaining cryptos while the cumulative digital asset market cap dropped below the crucial $1 trillion mark. However, XRP has turned out to be the biggest gainer among the top 10 cryptos.

XRP price has surged by almost 4% over the past 24 hours beating the ongoing sellers’ sentiment. As per the data, Ripple’s native token has turned out to be the only crypto among the biggest 10 digital assets to print green indexes over the past 7 days. XRP price is up by over 2% in the last 7 days while Bitcoin price has dropped by more than 7%.

XRP is trading at an average price of $0.387, at the press time. However, its 24 hour trading volume is up by 21% to stand at $1.9 billion.On-chain data depicts that the crypto whale addresses are moving millions of XRP over exchanges in reaction to the latest rulings in the long running US SEC Vs Ripple lawsuit. Open / Comment

2023-03-08 22:00:10 Roma and Real Sociedad will square off at Stadio Olimpico in an eagerly anticipated Europa League match.

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2023-03-08 20:56:01 ​​Three-quarters of institutions to use crypto in the three years.

Ripple’s new Value Report on enterprise crypto and blockchain highlights NFT, blockchain and CBDC utility in business settings.

A whopping 76% of surveyed financial institutions plan on using crypto within the next three years, according to the report. Ripple’s new report highlights trends in the adoption and utilization of emerging technologies like crypto and blockchain in enterprise and financial institutions.

Both financial institutions and enterprises are understanding the benefits of internal crypto usage. The most common reason is that crypto gives more people access to more financial services, says 42% of financial institutions and 41% of enterprises.

According to the survey, portfolio management and payments come forward as the most valuable additions to the enterprise world. Portfolio management is detailed as hedging against inflation, hedging against other asset types and asset appreciation. Participants said data security and quality are two major benefits of blockchain and crypto usage for payments.

Nonetheless, as this is an emerging technology, adoption is still an uphill battle for large institutions. According to the report, enterprises and financial institutions both find that a general lack of understanding is one of the biggest challenges.

However, the report also stressed that the slow-moving process of regulations surrounding the industry stirs up hesitation from potential users. Regulations from countries across the globe have been in constant flux as officials rush to keep up with the fast-paced crypto scene.

Recently, regulators in the United States came under scrutiny from the U.S. Congress for their “non-judicial actions” against crypto companies. The Securities and Exchange Commission (SEC) is in the throes of implementing effective crypto regulations for one of the industry’s most active regions.

Despite setbacks in crypto-ed and murky regulations, the report still reveals the active interest of global institutions and central bank digital currencies (CBDCs). 34% of surveyed institutions say CBDCs will help with the “acceleration of digitization of finance” and give “greater access to credit for consumers and businesses.” Open / Comment

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2023-03-07 13:52:31 ​Reserve Bank of Australia Unveils Proposed CBDC Use Cases

The Reserve Bank of Australia said on March 3 that it has selected 14 digital currency proposed use cases from a large number of submissions obtained from industry participants. An assistant governor at the RBA, Brad Jones, said the Aussie central bank is encouraged by the composition of providers that have been “invited to participate in the live pilot.”

The Australia central bank, which has been exploring the benefits of central bank digital currency (CBDC), recently announced the digital currency’s proposed use cases as well as the names of providers “invited to participate in the live pilot.” In a press statement, the bank, which is known as the Reserve Bank of Australia (RBA), said the chosen use cases were selected from a large number of submissions from industry participants.

Brad Jones, an assistant governor at the RBA, is quoted in the statement lauding the industry participants’ willingness to engage regulators. Jones said:

We are delighted with the enthusiastic engagement by industry in this important research project. It has also been encouraging that the use case providers that have been invited to participate in the pilot span a wide range of entities in the Australian financial system, from smaller fintechs to large financial institutions. Open / Comment

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