CRYPTO NEWS AGREGATOR
Fri, Oct 22, 2021 6:20 AM by Valte

Weekly Digest: Facebook's Wallet & Zimbabwe Adoption With Crypto Daily

Weekly Digest with Crypto Daily

Every week we make a digest about the most significant news in crypto with bloggers and crypto community members, but this week we decided to check out what our friends from the media find interesting in the world of crypto.

Please welcome Crypto Daily and don’t forget to add them to your CoinJoy Feed!

📌Art and Ecology Meet at International Contemporary Art Fair, With House Guerlain’s “Green” NFT Collection

House Guerlain's represented its NFT collection “When matter becomes art” launched on Tezos blockchain at International Contemporary Art Fair. The collection consists of four unique pieces of art created by famed visual artists  Liu Bolin, Lauren Moffatt, Sabrina Ratté, and Constance Valero.

The artworks represent the artists’ view on life and death, matter, and energy The proceeds from the auction will be transferred to Yann Arthus-Bertrand’s GoodPlanet Foundation that supports ecology and sustainable development around the world.

📌Purpose Investments Brings In Three More Crypto ETFs To Canada

Canadian assets manager Purpose investments applied to Canadian regulation bodies to launch the world’s first actively managed cryptocurrency ETFs (Purpose Crypto Opportunities ETF, Purpose Bitcoin Yield ETF, Purpose Ether Yield ETF).

According to the announcement, Purpose Investments has already filled preliminary simplified prospectus and the annual data from the authorities. The company also works on the plan to launch a privately offered fund that exposures Decentralized Finance. 

“The cryptocurrency markets are known for their volatility. We filed to launch these actively managed cryptocurrency ETFs to help investors benefit from active management by seasoned investment professionals who will be well-positioned to generate income, and manage risk and the volatility for investors.” — Greg taylor, CIO of Purpose Investments

📌Cosmos Announces Sagan; Its Brand New Blockchain

The Cosmos Network reported on building a new Blockchain called Sagan (after well-known astronomer Carl Sagan) that will give an opportunity for the developers to experiment with various protocols prior to launch with better speed and more efficiency.

The Cosmos Network will create an experimental “canary network” using Polkadot’s terminology for the Kusama test network. But it will not be a test network and tokens on sagan will have a real value and due to this more realistic concern, developers will be able to track the bugs and glitches. 

“Stay tuned for more info about Sagan soon.” — The Cosmos Team

📌Coinbase Seals Exclusive Sponsorship Deal With NBA & WNBA

Coinbase will collaborate with the National Basketball Association and the Women National Basketball Association to create a series of tie-ups for professional basketball. The associations will be mentioned as “an exclusive cryptocurrency platform partner” together with other leagues associated with NBA, such as USA Basketball, NBA G League, and NBA 2K league.

The partnership will include unique content, updates, and activations from Coinbase for the fans to keep them tuned about what’s happening in the contemporary crypto world. As part of the deal, companies will also create specific content around basketball and will lead the campaigns to educate basketball fans about crypto.

“As part of the partnership, we will create interactive experiences to engage with the NBA and WNBA’s incredible community and athletes around the world,” — Kate Rouch, CMO of Coinbase 

📌Facebook’s Novi Crypto Wallet Set For Pilot Launch With Coinbase and Paxos

Nove, Facebook’s crypto and digital assets wallet subsidiary partnered with Coinbase, the leading USA crypto exchange, and Paxos, the financial and technology company that has launched Paxos Dollar Stablecoin.

As a result of those three firms' partnership, the world will see the launch of a pilot program for their integrated services, which is already live in the USA and Guatemala and available through app stores Google Play and Apple App Store. Coinbase will support Novi through its custody service. The Pilot Program will test how Novi users will obtain Pax Dollars on their Novi accounts. 

“We believe that in the future, every company will be a crypto company, including fintech platforms, banks, social media, gaming companies, and consumer brands.” — Coinbase

📌Huobi Given Go-Ahead For Derivatives Trading in Japan

Huobi Japan got approved by The Japanese Financial Service Agency to register as a Type 1 Financial Instrument Business. That will allow Huobi to offer derivatives, trading, and market-making services to its customers. Huobi became 7th out of 34 exchanges operating in the country to get this status, which means it holds specific quantities of digital assets. Moreover, the Huobi token also received regulatory approval as a fully compliant crypto asset. 

“We're very excited to have reached this milestone. It will enable us to expand business beyond spot trading and fuel the next phase of our growth in Japan.” — Hainteng Chen, CEO of Huobi 

📌Five Polkadot Parachains Tipped for Early Adoption

As the first Polkadot parachains auction is coming on November 11, the community wonders what parachains will win in the first crowd loans, as those parachains will have a head start and definitely attract a lot of projects to build on them in the next 3-6 months.

Moonbeam, EVM compatible blockchain is considered to become one of the lead parachains as its sister project Moonriver already got a slot at Karasuma Network and climbed #162 in CoinGecko ranking and now Moonbeam is predicted to have a similar future.

The other parachains that will most likely get slots are Acala, providing trustless staking derivatives and multi-collared stablecoin aUSD, Centrifuge, that allows to tokenize real-world assets, Bit.Country giving an opportunity to everyone to build their metaverses and then bring tokenization and NFTs to push them, and Phala Network privacy blockchain with two Web 3.0 grants. 

📌Could Zimbabwe Also Follow El Salvador And Legalize Crypto?

After El Salvador passed a resolution making Bitcoin a legal tender, other South American countries also started to discover crypto legalization. But the next country to follow can be Zimbabwe, as its finance minister stated that ignoring cryptos is impossible when 30% of the young population is investing in digital assets.

So the country might take some action to allow cryptocurrencies to promote themselves more among young people, considering crypto more of an investment not the measure of payment. According to the finance minister, the government is already working on crypto regulations in the country. 

“We even have a sandbox group to analyze the use of blockchain tech in Zimbabwe created by the Reserve Bank.” — Chief Director of communications for the Ministry of Finance of Zimbabwe

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The content of this article is for informational purposes only and should not be construed as investment advice. We ask you to do your research.

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