FCA releases detailed 5-point plan to make UK a fintech powerhouse

A 108-page report details how the United Kingdom can retain its status as one of the global centers for fintech innovation and business.

Federal Reserve Appoints Pro-Bitcoin Chief Innovation Officer

A pro-bitcoin head of digital assets from TD Ameritrade has been appointed as the Federal Reserve System’s chief innovation officer.

Federal Reserve of Richmond Hires Self-Described ‘Crypto Nerd'

TD Ameritrade’s former head of digital assets, Sunayna Tuteja, has joined the Federal Reserve System as its chief innovation officer.

Crypto market too big to ignore, says Nigeria SEC

Nigeria’s Securities and Exchange Commission says it is committed to creating a clear-cut regulatory framework for cryptos in the country. Having recently suspended its planned crypto regulations in the wake of the central bank ban, Nigeria’s Securities and Exchange Commission has clarified its position on cryptocurrencies in the country. According to a report by Premium Times, both the SEC and the Central Bank of Nigeria will work collaboratively on devising a concrete regulatory framework for cryptos in Nigeria. For Timi Agama, the commission’s registration, exchanges, market infrastructure, and innovation head, regulators in Nigeria cannot afford to ignore the $1.74 trillion crypto market. Speaking at a virtual conference organized by the Association of Capital Market Academics of Nigeria in the capital, Abuja on Sunday, Agama remarked: “Part of the desire of the SEC even in the future is to provide a regulatory framework that will take care of all these challenges that we have seen internationally and the entire world is grappling with in terms of cryptocurrency and digital assets.

Bill Gates Neutral on Bitcoin but Says Cryptocurrency Is an Innovation the World Can Do Without

Microsoft founder Bill Gates is no longer a bitcoin bear.

Bitcoin is an economic sideshow, poorest hedge, according to JP Morgan analysts

According to analysts at JP Morgan, the world’s largest digit asset is an economic sideshow in comparison with the boom in innovation in the fintech market.

Kraken Creates VC Fund for Boosting Crypto Innovation

The Kraken Ventures fund will focus on supporting startups working in DeFi, fintech, crypto, and other innovative sectors.

Whales profit as high Ethereum gas fees sideline retail DeFi investors

High gas fees on the Ethereum network are making it nearly impossible for retail investors to interact with DeFi protocols but the same doesn’t apply to whales. Since early 2020 the decentralized finance sector has been recieved a lot of attention due to its cutting-edge innovation and the lucrative high yield opportunities offered to cryptocurrency holders.  Despite these features, this week’s record-high gas fees show that the sector is still having growing pains and the absence of a suitable layer 2 solution could be pushing smaller investors away from DeFi. Investors attempting to place a trade on Uniswap or simply approve a new token on their favorite DeFi platform will have noticed the dent these actions have put on their ETH wallet.

Blockchain Innovation Done the Polkadot Way According to Gavin Wood

In a recent Realvision interview, the developer Gavin Wood explains how Polkadot reimagines the innovation ecosystem from the ground up.

GameStop and Dogecoin Show How Memes Can Move Markets

Source: Twitter/@elonmusk Jason Potts, Professor of Economics, RMIT University, Chris Berg, Senior Research Fellow and Co-Director, RMIT Blockchain Innovation Hub, RMIT University. ______ One of the most difficult problems in finance right now is figuring out the fundamental economic value of cryptocurrencies.

Republican Senator Cynthia Lummis Bought Bitcoin for Value Store and Censorship Resistance

Republican Senator Cynthia Lummis is now bullish on Bitcoin, promises to educate her colleagues in Congress on Bitcoin, Financial innovation (Read More)

Senator to launch Financial Innovation Caucus to educate lawmakers on crypto

Cynthia Lummis, the first US senator to own Bitcoin, will launch a Financial Innovation Caucus to educate her fellow-senators about Bitcoin and crypto assets. Senator Cynthia Lummis, the first senator in the history of the United States to own Bitcoin, has revealed plans to launch a Financial Innovation Caucus to educate her fellow senators on cryptocurrency and digital assets. Appearing on Anthony Pompliano’s podcast on Feb.

US Lawmaker Likes Bitcoin — Urges Policymakers to Embrace Innovation in Regulation

US Representative Patrick McHenry is pro-bitcoin.

Tranching Helped Fuel 2008 Financial Crisis. Now It’s Coming to DeFi

In a newly released report, ConsenSys Codefi pointed to a coming DeFi innovation that demonstrates the benefits and risks of building financial instruments with money legos.

What DeFi Has in Common With Cubism

DeFi's innovation system is reminiscent of an art movement that passes ideas back and forth until lasting breakthroughs emerge.

US approach to crypto-regulations pushed innovation abroad: SEC's Hester Peirce

Has the US approach to regulating crypto been harmful to innovation? According to many, the answer is in the affirmative.

Hawaii to Let More Crypto Companies Join Regulatory Sandbox

Hawaii's Digital Currency Innovation Lab is accepting a second round of applications through Feb.

Bank of International Settlements aims for new platform to test CBDCs

Months after Bank for International Settlements (BIS) posted a job announcement requiring a “host” of blockchain experts to join BIS Innovation Hub, the international financial institution’s Inn The post Bank of International Settlements aims for new platform to test CBDCs appeared first on AMBCrypto.

BIS Plans Platform for Testing Central Bank Digital Currencies in Cross-Border Payments

The new platform was announced as part of the BIS Innovation Hub's priorities and programs for 2021.

The ‘central bank of central banks’ is building a CBDC settlement platform

The Bank of International Settlements has outlined plans to embark on a variety of CBDC trials worldwide this year. CBDC research has been announced as a top priority for the Bank for International Settlements’ Innovation Hub, or BISIH, in 2021. According to its annual work program, BISIH, plans to “explore the feasibility of faster and cheaper cross-border payments” using central bank digital currencies.

Why the World’s Largest Asset Manager Is Getting Into Bitcoin

As BlackRock gets ready to make its first foray into bitcoin, innovation-focused ARK ETF flows surpass that of BlackRock.

Nebraska senator introduces bills to allow state banks to custody crypto

“We need to be a leader in FinTech,” said State Senator Mike Flood. A Nebraska state senator has proposed new crypto-friendly legislation which could see his state become the next regulatory safe haven for FinTech firms. Sworn in just two weeks ago, Republican Mike Flood today introduced the Transactions in Digital Assets Act and Adopt the Nebraska Financial Innovation Act to the state’s 107th Legislature.

SEC’s "Crypto Mom" demands innovation, says you can’t prosecute an algorithm

The commissioner of the SEC, Hester Peirce, told an audience at CFC 2021 that crypto regulation should be focused on innovation, and that the US should be number one. SEC Commissioner Hester Peirce spoke at the CFC 2021 virtual blockchain conference on Jan.

Crypto Chi: The future (and energy) of money and technology

Crypto Chi is a combination of financial innovation, libertarian and capitalist ideology, and human empowerment. Throughout 2020, we saw a consistent flow of news about legacy finance, major investment companies and large corporations looking to enter the digital assets industry.

Crypto Advocate Brian Brooks to Leave OCC

Former Coinbase executive Brian Brooks has encouraged innovation during his tenure.

Binance, Blockchain Firm Orbs to Sponsor New Accelerator for DeFi Innovation

The two firms have become core sponsors of the DeFi.org accelerator, which will provide grants for innovative startups working in decentralized finance.

BTCST debuts as Bitcoin’s leveraged token on Binance Launchpool

Bitcoin Standard Hashrate Token (BTCST) is now live on Binance Launchpool, and Binance will then list BTCST in the innovation zone at 6:00 am (UTC) on Jan.

Jack Dorsey warns that FinCEN regulations will drive crypto users offshore

Major US crypto firms are united in opposition to new AML laws proposed by FinCEN, warning they could drive users away from regulated platforms and stifle innovation.

Kim Dotcom’s Next-Generation Content-Monetization Service K.IM Announces Bitcoin Cash Integration

PRESS RELEASE. Megaupload creator Kim Dotcom announced this month to use Bitcoin Cash for his newest innovation, K.IM, a suite of tools to enable anyone around the world to manage, protect and sell digital content at ultra-low fees and without intermediaries.

Bitcoin mining: The next decade of sustainable crypto innovation begins today

The crypto mining industry has had a phenomenal record of growth and innovation over the past decade, but this is just the beginning. Since the creation of the first cryptocurrency over a decade ago, many have often been skeptical of their legitimacy, with some even dismissing them as a fraud.

SEC vs. Ripple: A predictable but undesirable development

Such regulation by enforcement does indeed run the risk of stifling important and valuable innovation in the crypto space. The US Securities and Exchange Commission has not been kind to crypto in the past year.

DLT Regulation in 2020: Backwards or Sideways?

Regulators are no longer standing on the sidelines of distributed ledger innovation, says Gibraltar’s Minister for Digital and Financial Services.

Chainlink's Plans For Blockchain and Beyond in 2021

In 2021, Chainlink wants to set blockchains humming with a cornucopia of data for maximum innovation, says cofounder Sergey Nazarov. 

Binance launches trading and staking for three more Chiliz fan tokens

Binance is set to list OG, ATM and ASR in its Innovation Zone and open trading against major cryptocurrencies like BTC and USDT. Binance, the world’s largest cryptocurrency exchange by trading volume, is listing another batch of fan tokens by a major sports-focused token platform, Chiliz. According to a Dec.

How Tosdis.Finance Is Transforming DeFi Into a Scalable Service Solution

Every few years since the advent of Bitcoin, the cryptocurrency and blockchain industry sees a groundbreaking innovation that creates new subsections that promise to reach the level of impact and penetration as the asset class is having elsewhere in the greater financial space.

MoneyGram CEO Praises Ripple XRP for Providing Speed and Efficiency for Cross-Border Payments

MoneyGram CEO Alex Holmes praised Ripple for the innovation it was providing to the blockchain and cryptocurrency space.

Standard Chartered to Launch Crypto Custody Service for Institutional Investors Next Year

SC Ventures, the innovation and ventures unit of Standard Chartered, will launch a crypto custody service targeting institutional investors in London next year.

Project From IBM Partner Cryptoenter: Boosting Banking With Blockchain Technology

We are currently in the age of DeFi with blockchain technology driving innovation at a rapid pace.

Singapore’s National Research Foundation Invests $9M in Blockchain Innovation

The government-backed foundation is funding research and development of commercial use cases for blockchain technology.

Singapore to Pump $8.9 Million Into National Blockchain Ecosystem

The Singaporean government has deployed a US$ 8.9 million national blockchain initiative dubbed the Singapore Blockchain Innovation Program (SBIP).

Huobi Global looks to become key player in Polkadot ecosystem

Huobi and the Web3 Foundation are pouring resources into supporting projects on Polkadot Two announcements from Huobi Global on Friday indicate that the cryptocurrency exchange is angling to become a key player in the growth of the Polkadot network.  In a pair of blog posts, the Seychelles-based exchange announced a Polkadot Sponsorship program, as well as a $5 million Tether stablecoin fund from the Huobi Innovation Lab to support “developers, event organizers, content creators, and ambassadors” throughout the Polkadot ecosystem.

Synthetix's sUSD listed on Binance's Innovation Zone

Synthetix has been a prominent project in decentralized finance [DeFi] that allows derivatives trading.

DeFi and Eth 2.0 are whole new convos for regulators, says SEC's Hester Peirce

United States SEC Commissioner Hester Peirce wants to focus on new guidance for DeFi and future Ethereum projects Hester Peirce, commissioner for the United States Securities and Exchange Commission, explained during an exclusive interview with Cointelegraph that decentralized finance, also known as DeFi, has created new challenges for the SEC.  Peirce, nicknamed “Crypto Mom” for her interest in digital asset innovation, mentioned that the quickly rising DeFi sector has resulted in a number of unresolved legal issues: "DeFi has posed a challenge for the SEC in a similar way that the ICO boom did in 2017.

US Treasury Wants Regulators to Watch for ‘Potential Risks’ in Digital Asset Innovation

The department wants state and federal regulators to keep a vigilant watch on digital asset innovation.

Audio streaming giant Spotify is looking into crypto payments

Is Spotify hinting at soon-to-come crypto features? Spotify, one of the world’s largest streaming audio providers, is looking for candidates with a crypto background to fill a new role at the company. According to a recent job post, the company is looking for an outstanding associate director to join its payments strategy and innovation department.

Big banks think new furniture is innovation, but they are wrong

True innovations are a serious problem for traditional financial institutions, but fintech and crypto startups have the solution. When banks finally come to improve their technology experience, they go no deeper than changing the front end.

German Finance Minister Calls for Speedy Interventions in the Rollout of a Digital Euro

German Finance Minister, Olaf Scholz, sees the digital euro as an ideal innovation to meet the high demand for digital money from businesses and consumers in Europe.

In India, a Clash of Digital Innovation and Internet Censorship

Among democracies, the Indian government tends to shut down the internet most frequently.

BIS Paper Says There’s Potential to Embed Regulation Into Stablecoin Systems

The need to regulate global stablecoins like Libra doesn't mean authorities can't embrace innovation, according to according to a BIS working paper.

Morgan Creek Registers New Bitcoin Fund With SEC

On the fund's website, Bitcoin is described as the biggest technological innovation since the Internet.

XRP Treated Differently Than Bitcoin and Ethereum in the US and Why It Matters, According to Ripple CEO

Ripple CEO Brad Garlinghouse discussed why Ripple has been actively considering other hubs outside of the US for cryptocurrency and blockchain innovation.

Shotguns, dragons, and Doctor Who: The Blockchain Game Alliance's Game Demo Day

The two-part Game Demo Day event highlighted the diversity and innovation in the blockchain gaming sector. For an industry starved of end-users, few apples look juicier to the blockchain world than gaming.

BIS head says physical cash still important, even if CBDCs take over

BIS Innovation Hub head Benoît Cœuré stressed the importance of maintaining multiple payment options beyond just CBDCs. As numerous countries across the board navigate their feelings on central bank digital currencies, or CBDCs, Benoît Cœuré, of the Bank for International Settlements thinks physical cash will retain its importance.

From PayPal to Libra: Big Tech Has Forced Central Banks to Wake Up to CBDCs, Says Benoit Coeure

Libra was the final wake-up call for central banks that prompted serious consideration of digital currency issuances, according to the head of the BIS Innovation Hub.

Blockchain-based EV charging trial gets $1M from Canadian government

A bi-directional charging scenario allows vehicle owners to sell excess power back to office buildings at a profit. A three-year pilot scheme for an innovative blockchain-based electric vehicle, or EV, charging platform has received $1 million in funding from Natural Resources Canada, a department of the country's government. The scheme promises to reduce the cost of EV charging transactions and enhance power grid efficiency, according to an article on the independent Electric Autonomy Canada platform. The pilot will take place at two multi-tenanted office buildings in downtown Toronto, and is run by EV charging platform SWTCH Energy and intelligent energy software developer Opus One Solutions. The innovation comes through the understanding that EVs aren’t just alternatively-powered cars, but batteries on wheels. This allows them to be used in a bidirectional charging scenario whereby they are charged up overnight using cheap electricity and can then supply excess power to the building at peak times during the day. The car owners are then credited for the power they provide, based on the competitive price of electricity at the time.

Before Congress, federal regulators dispute US pace on national digital currency

Speaking before Congress, OCC head Brian Brooks describes the importance of digital asset innovation and the private sector.

Union Raises $3.9 Million From Alameda Research and Others to Tackle DeFi Risks

A software innovation company - Union - has raised $3.9 million from Alameda Research, 3 Commas, and others, to minimize DeFi-related risks.

A minister’s look at what regulators expect from the industry

Regulation can add value by strengthening the reputation of a marketplace and creating the conditions to unlock innovation and enhance it. Regulation is sometimes positioned as the enemy of innovation, an antagonistic force that reduces progress in the name of bureaucracy.

Binance Innovation Zone lists Andre Cronje's new project- KP3R

Andre Cronje has gained a lot of attention for his work with yearn.finance [YFI], but with the Eminence fiasco, the stock value took a hit.

Facebook's Libra Sparked CBDC Race, COVID-19 Made Central Banks Realize Its Necessity

Digital innovation and central bank digital currency adoption (CBDC) have been on the rise despite the ongoing COVID-19 pandemic.

Chinese city seeks to power urban governance and more using blockchain tech

30 new blockchain adoption applications will be considered as part of the city's two-year plan. Authorities in Chengdu, China plan to adopt blockchain for several use cases throughout the city, including urban governance, cross-border trade, smart manufacturing, and agriculture. During the 2020 Chengdu Global Innovation and Entrepreneurship Fair, the city's first International Blockchain Industry Expo, Lu Tiecheng, secretary of the Party Group of the Chengdu New Economy Committee, released the "Chengdu Blockchain Application Scenario Supply Action Plan." According to a local media outlet, Red Star News, this plan will allow blockchain adoption applications to be submitted by contributors in a variety of fields such as education, healthcare, financial services, and intellectual property.

Former Visa exec joins Crypto.com to drive Latin American market

Traditional finance execs are increasingly moving into crypto positions. The cryptocurrency industry welcomes another high-profile executive from traditional finance. Filomena Ruffa, a former vice president of innovation and strategic partnerships at Visa’s Latin America division, has joined Crypto.com to expand the company’s Latin American market. According to an Oct.

DeFi Still Needs a Silk Road Moment

Adoption by criminal enterprises is evidence of the product/market fit for censorship-resistant tech and an indicator of whether innovation will see usage in the non-criminal world.

US Department of Homeland Security to Host Blockchain-Based Digital Wallet Event with $25K Reward

DHS Science and Technology Directorate (S and T) and Silicon Valley Innovation Program (SVIP) will host a virtual event for a Digital Wallets Challenge on Oct 27.

Blockchain Industry Leaders R3 and FORMS HK join Cyberport to Launch “Block AdVenture” Program

Hong Kong's innovation hub, Cyberport along with leading global enterprise blockchain platform provider R3 and FORMS HK have launched the Block AdVenture program.

CBDCs Mean Evolution, Not Revolution

Central bank digital currencies can help create a more inclusive financial system, says the innovation chief at the Bank for International Settlements.

The Rise of the Anon: Protecting Innovation

Anonymity is increasingly offering protection to innovators as well as their ideas.

Money Reimagined: How Ethereum 2.0’s ‘Lock Up’ Will Drive DeFi Innovation

As Ethereum's 2.0 upgrade locks up serious ether volume, we're likely to see financial ideas that unlock value without undermining mission.

Binance to fund six DeFi projects developing on its Smart Chain

After Binance CEO Changpeng Zhao (CZ) said that the firm was pro-innovation in the DeFi space, his cryptocurrency exchange announced today that it would fund six DeFi projects building on its Binance The post Binance to fund six DeFi projects developing on its Smart Chain appeared first on AMBCrypto.

Cruise ship ‘Satoshi’ to house crypto companies and digital nomads

The first 200 cabins in a crypto-themed cruise ship will go on sale in November Ocean Builders, a company that builds “floating, off-grid seapod homes,” has bought an old Australian cruise ship it renamed ‘Satoshi’ and plans to fill with crypto companies, entrepreneurs, and digital nomads off the coast of Panama. In an announcement, Ocean Builders COO Chad Elwartowski, said the ship will comprise a hub for innovation, offering a unique space in which crypto entrepreneurs can build and network: “We look forward to creating a hub for technology and innovation here in Panama.

Germany looks to blockchain to help decentralize their energy economy

The country seeks to innovate with help from a variety of Blockchain companies. The Deutsche Energie-Agentur, also known as DENA — the main governmental group responsible for energy innovation in Germany — looks to put its energy ecosystem on a decentralized database. DENA “has selected Energy Web to design and construct a digital registry for distributed energy resources (DERs) across the country in partnership with more than 20 industry players,” an Oct.

CFTC chairman admits regulation must keep up with innovation

The US government is behind on innovation, says official. Speaking at the digital LA Blockchain Summit, Commodity Futures Trading Commission chairman, Heath Tarbert, said US regulation lags behind crypto and blockchain. "I would be the first to agree with you that innovation is unlikely to come from the government," Tarbert told interviewer Anthony Pompliano on Oct.

Cathie Wood: Secrets of the World’s Best Innovation Investor

Cathie Wood bet early on Bitcoin and Tesla, and her ARK Innovation Fund is up 75% in 2020.

Volkswagen's Skoda DigiLab Collaborates with Microsoft for Blockchain-Based Business Solutions

Skoda DigiLab, an innovation hub, has partnered with Microsoft and Lumos Labs for innovative blockchain-based solutions in the business arena.

Ethereum Is the Frontier of Financial Innovation

Innovation occurs when the costs of iteration and experimentation reduce.

US is losing 'tech cold war with China' says Ripple co-founder

Ripple’s executive chairman has slammed US lawmakers for losing the blockchain arms race to China Speaking at the LA Blockchain Summit conference on October 6, Ripple co-founder, Chris Larsen, slammed the United States for falling behind in the race to design “the next generation of the global financial system.” The address expanded on some of Larsen’s frustrations with US regulations that has led to the company considering moving to a different jurisdiction. Larsen argues the US has fallen “woefully behind” in the ongoing “tech cold war with China,” asserting that China’s central government has outpaced American lawmakers in providing legislative clarity, allocating resources, building infrastructure, and fostering innovation in blockchain and other emerging technologies, including big data, surveillance, and A.I. “China has recognized that those technologies are the keys to who is going to control the next gen financial system [...] SWIFT and correspondent banking is not going to be the system we are going to be living with over the next two decades.”  The Ripple co-founder emphasized the failure of the United States to embrace initiatives to digitize the dollar, noting that China is “way ahead on a central bank digital currency” (CBDC).

South Korean MP Calls on Seoul to ‘Urgently’ Boost Crypto Innovation

Korean lion dog statue and the National Assembly building, Seoul.

After BitMEX: Regulation Must Change for the Digital Age

Recent regulatory enforcement against BitMEX shows how out of step the world's financial regulators are with digital innovation.

Yearn Finance (YFI) to Revamp Vaults as Liquidity Tumbles 26% in a Month

In order to keep up with the competition in the rapidly evolving world of DeFi, constant innovation is required and Yearn Finance is revisiting their vaults in preparation for a revamp. The post Yearn Finance (YFI) to Revamp Vaults as Liquidity Tumbles 26% in a Month appeared first on CryptoPotato.

Port of Rotterdam testing blockchain and AI for renewables trading

The Port of Rotterdam's Innovation Dock has been testing a high frequency decentralized energy market for renewables since August 2020. The Port of Rotterdam's blockchain subsidiary, Blocklab, has been trialing a decentralized electricity trading system to help lower costs and optimize the use of renewables on its microgrid. The system, called Distro, has been jointly developed by Blocklab and S&P Global Platts, and has been operational as a trial for two months. Distro uses blockchain technology, smart contracts, and artificial intelligence to support the decentralized and high frequency trading of renewable energy by commercial consumers looking to optimize and manage their energy use. It

Stocks ‘May Very Well’ Become Tokenized - SEC Chairman

Jay Clayton. Source: Twitter, SEC The US Securities and Exchange Commission (SEC) invited innovators in the crypto space, saying that “our door is wide open” and that publicly traded stocks “may very well” become tokenized in the future. The positive stance from the SEC was ushered by Chairman Jay Clayton, who on Friday participated in a virtual conference on innovation & regulation

US House of Representatives Passes Blockchain Innovation Act On to the Senate

Two bills introduced by Rep Darren Soto—the Digital Taxonomy Act and the Blockchain Innovation Act—have passed the Lower House and are on their way to the Senate.

US Lawmakers Just Passed a Crypto Bill. Here's What's in It

The Digital Taxonomy Act and Blockchain Innovation Act snuck through the House as part of the Consumer Safety Technology Act.

Blockchain legislation passes the House, heads for Senate

Bills from the Energy and Commerce Committee are making their way to the Senate following votes this afternoon. The updated Consumer Safety Technology Act, which now includes the Digital Taxonomy Act and the Blockchain Innovation Act, has passed in the House of Representatives and is now headed for the Senate as of Tuesday afternoon. The Digital Taxonomy Act provides definitions for the terms "digital asset" and "digital unit" and would task the Federal Trade Commission with preventing unfair trade practices in both.

Crypto Long & Short: The OCC’s Stablecoin Statement Is a Seed of Financial Innovation

Noelle Acheson talks about how the latest OCC statement that says banks can support stablecoin reserves is an innovation trigger in disguise.

A minster's look at regulation and innovation: A necessity to strike a balance

Without constant nurturing through communication and collaborative efforts, the pursuits of legislators and businesses would be fruitless. Repeatedly, proponents of disruptive technologies have proven that regulation and innovation have an immense potential to actualize a mutually beneficial existence.

European Commission adopts new crypto regulations to 'boost' financial innovation

In an attempt to provide more clarity on regulations to crypto firms, European Commission released a document titled The Digital Finance Package that included digital finance and retail payment strate The post European Commission adopts new crypto regulations to 'boost' financial innovation appeared first on AMBCrypto.

European Commission to launch blockchain regulatory sandbox by 2022

Crypto and blockchain regulations seem to have become a top priority in the EU. The European Commission in collaboration with the 30-country alliance called the European Blockchain Partnership (EBP) plans to launch a pan-European blockchain regulatory sandbox by 2022. Per an update to the official webpage for the commission’s Digital Innovation and Blockchain team on Sep.

A Chinese Gold Refinery Is Making ‘Blockchain Gold Bars’ on BSN

Gold is being traded on a blockchain network in China in an effort to legitimize the industry for domestic and overseas regulators – and a senior executive at one of the country’s biggest banks said that commodities like gold could soon be “digitized” and “circulated.” Per Sichuan Online, the city of Chengdu hosted the Gold Technology Innovation Conference on

DeFi and security not mutually exclusive, say CertiK and Binance Smart Chain Reps

The crypto space continues to build frameworks to supplement DeFi's rising star. Keeping pace with the rapidly developing decentralized finance, or DeFi, niche within the crypto industry, major crypto exchange Binance has called on blockchain auditing company CertiK to beef up its platform's security.  "The rapid innovation and experimentation of DeFi is what makes it so great, but speed should not compromise security," CertiK's chief operating officer, Daryl Hok, told Cointelegraph.  "We're providing a way for early adopters to continue to reap the benefits without having to be the guinea pigs bearing the brunt of the risk.

Booming African crypto adoption drives concerns over regulation

African crypto adoption has exploded in 2020, prompting fears of a heavy-handed regulatory response 2020 has seen an acceleration in African crypto adoption, with the continent emerging as the second-largest region for peer-to-peer (P2P) trading, and two African nations ranking in the top eight of the Chainalysis crypto adoption index. However, the booming growth has caught the attention of Africa’s financial regulators, sparking concerns that a rush to introduce heavy-handed oversight could quell innovation in the local crypto industry. Nigeria has led the continent’s growth in 2020, posting weekly P2P volumes of between $5 million to $10 million, followed by Kenya and South Africa with between $1 million and $2 million a week each. Speaking to Cointelegraph, a representative of top P2P exchange Paxful stated that Africa has been its strongest growing region in 2020, noting there was also dramatic growth in smaller economies like Ghana, and Cameroon. Centralized exchanges have also reported a spike in trade activity, with Luno reporting $549 million worth of combined volume from Nigerian and South African customers last month — a 49% increase compared to the start of 2020.

OKExChain Is a Leap Forward for Cryptocurrency Innovation

Continuous innovations have pushed the industry to a new frontier The cryptocurrency space has come a long way since the first bitcoin was mined.

Binance's 'Innovation Zone,' Iranian Power Plants Eye Bitcoin Mining + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Exchanges news Binance CEO, Changpeng Zhao, announced the creation of the so-called Innovation Zone, which the post said will allow users to trade newer token offerings from their Binance account, while also

DeFi right now is like 'trying to fly to the moon in a cardboard box' — Diginex CEO

DeFi is almost certainly the future, but that future may not be today. The decentralized finance, or DeFi, sector of the crypto industry has been bursting with exuberance, innovation, and speculation in recent months.

Bitcoin: an Innovation or a Religion?

The text below is an advertorial article that was not written by Cryptonews.com journalists. Bitcoin is today the safest and most solid cryptocurrency on the market.

Miny.CC – Innovation in the Cryptocurrency Mining Sphere

Aberdeen, Hong Kong, September 16, 2020.

Innovation Is at the Core of the Cryptocurrency Space

When it comes to the cryptocurrency space, the ongoing question everyone asks is how to reach mass adoption.

US Lawmakers Set to Vote on Two Blockchain and Cryptocurrency Proposals

The Consumer Safety Technology Act now incorporates the Digital Taxonomy Act and Blockchain Innovation Act – and is set to be debated in the House of Representatives.   Introduced by Rep.

Apple forces Coinbase to change its crypto products, says CEO

Brian Armstrong has taken Apple to task over its allegedly exclusionary policies towards crypto app developers. Brian Armstrong, the CEO of United States cryptocurrency exchange Coinbase, alleges that Apple is stifling innovation in crypto and sidelining DeFi to protect itself from competition. In a Twitter thread published on Sept.

ECB President: Europe Has Fallen Behind in the Digital Payments Game

European Central Bank President Christine Lagarde said a digital euro can place the region at the cutting edge of innovation but it may have fallen behind in the global competition for creating digital payment ecosystems.