Big banks rush in to test ECB’s wholesale distributed ledger tech
The new participants in the European Central Bank’s DLT tests include major financial institutions.
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Circle CEO Says Tokenized Fiat Currencies Are on the Horizon
Jeremy Allaire, the CEO of blockchain-based, crypto-inclusive money transfer company Circle, said that the firm has long held that major fiat currencies would eventually be tokenized.Significant digital currenciesIn an interview on Aug. 21 on the podcast Global Coin Research, Allaire said that Circle has thought for years that sovereign currencies would eventually be digitized. He…

Tweet mocking how little value NFTs have … is turned into $5K NFT
"This is basically the same as making a joke that you stole the Mona Lisa by taking a photograph of it," said Twitter user Sergey Pshenichkin. 733 Total views 23 Total shares Twitter user Lauren Walker tweeted a message claiming she was “stealing” nonfungible tokens, only to have crypto-Twitter turn around and mint her words…

FTX US applies for trust charter in New York
Crypto exchanges Coinbase and BitGo have previously received trust charters from New York's financial regulator, allowing the firms to offer crypto custody services. 176 Total views 46 Total shares Crypto exchange FTX US has applied for a trust charter with the New York Department of Financial Services, or NYDFS, to operate in the state. In a…

Kamala Harris releases policy platform details — No mention of crypto
The Harris-Walz platform, “A New Way Forward,” included plans for tax cuts for working and middle-class Americans and encouragement of innovative industries.

Dutch Ministers Call for Cryptocurrency, Cash Use Regulations
Dutch ministers have urged the government to regulate cryptocurrencies and certain cash payments over money laundering concerns in a statement on July 1.The officials said that the government should ban cash payments over 3,000 euros, regulate cryptocurrencies and ban 500 euro banknotes, as these instruments can purportedly facilitate money laundering.The Netherlands do not recognize cryptocurrency…

Vitalik Buterin donates over $500K in animal-themed coins to charity
Vitalik Buterin urged the community to send the memecoin token funds they want to send him directly to charities.

Hong Kong’s Project Ensemble sandbox ready to test asset tokenization
The HKMA's project is gearing up for more testing after successful initial trials.

GameStop NFT daily fee revenue plunges under $4K as gloom infects markets
Daily revenue for GameStop’s nonfungible token (NFT) marketplace has plummeted to under $4,000, suggesting that interest in the platform has waned significantly since launching in mid-July. According to data from DappRadar, GameStop NFT has generated roughly $166,800 worth of sales volume over the past 24 hours. With the platform charging only a 2.25% fee on…