Many countries in the Caribbean have central banks currently working on CBDCs, including the Bank of Jamaica, The Central Bank of the Bahamas and the Eastern Caribbean Currency Union. CBDCs act as an opportunity for central banks to provide a technologically advanced representation of central bank currency.
Read MoreThe first publicly traded bitcoin exchange fund has been launched in the world, giving investors a more direct way to invest in bitcoin. This fund is different from a derivative or futures contract, as every time someone puts money into the ETF, bitcoin is purchased.
Read MoreDecentralised Finance is a blockchain-based financial infrastructure that has been built on top of the Ethereum Blockchain and uses smart contracts to offer protocols in a more transparent and open manner.
Read MoreGemini Earn is a new program that allows customers to earn interest on the 30 different cryptocurrencies. This program will run as part of the Gemini platform and will enable customers to transfer or purchase crypto and send it to Gemini Earn. Interest is compounded daily for any period of time, and no minimum balance is required.
Read MoreA bill proposing new "innovation zones" in Nevada would allow tech companies to create their own governments and neighbourhood communities in the state. This comes after COVID-19 has amplified the California mass exodus to places like Nevada, Texas and Colorado.
Read MoreAs the acceleration towards a cashless society becomes more prevalant, many central banks are exploring the option of central bank digital currencies. Japan has recently released a report on their three-phase approach.
Read MoreNexus Mutual has introduced custody cover for centralized exchange accounts in addition to their decentralized protocol. This new development will take covers against hacks to Binance, Coinbase, Gemini and Kraken.
Read MoreIn response to legal threats of copyright infringement for hosting the Bitcoin white paper, Bitcoin.org and Bitcoincore.org received support from many prominent Bitcoin voices. Government officials and crypto firms, including Facebook subsidiary Novi, have continued to host this white paper on their websites to demonstrate support for the nonprofit.
Read MoreSimilar to how automotive laws, such as speed limits and turn signals, have been designed to protect against dangerous drivers and not dangerous cars, legacy banking regulations seek to regulate bankers, not banks. Blockchain technology and decentralised finance are delivering banking services through "self-driving banks", and regulators should revisit what a regulatory framework would look like in this new world.
Read MoreTelos announces a new tool, T-Bond NFTs, which combines Decentralized Finance and non-fungible tokens to create locked tokens that are only unlocked when a maturity date is reached or other specified conditions are met.
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