Technology
Regulation
South Korea eyes listing rules for crypto exchanges after LUNA scandal
South Korea is looking to introduce a "self regulatory" system and has engaged local crypto exchanges on the matter.
Adoption
Checkout.com starts offering merchants 24/7 settlements via USDC
Checkout.com’s stablecoin settlement solution supports USDC and will let merchants complete payments on weekends and holidays, something that is currently impossible with fiat currencies.
Legal
Lawmaker behind NY crypto mining bill clarifies it is not a blanket PoW ban
New York Assembly Bill A7389C seeks to introduce a two-year moratorium on the issuance and renewal of PoW crypto mining companies that use fossil fuels.
Mining
Kenya invites Bitcoin mining firms to tap surplus geothermal power
Several companies have approached KenGen, asking to set up their mining farms in its main geothermal power station in Olkaria, Naivasha.
Stablecoins
Japan passes stablecoin bill for investor protection after UST debacle
Japan’s new stablecoin law limits stablecoin issuance to licensed banks, registered money transfer agents, and trust companies.
Stablecoins
Tether co-founder says UST disaster spells doom for algorithmic stablecoins
The loss of the money within the Terra ecosystem was unfortunate but was not unexpected, according to Collins.
Metaverse
Qatar hosts the first metaverse FIFA gaming tournament
The best player in the first EA Sports FIFA 22 Champions Cup hosted in Qatar will walk away with $25,000.
Interview
Argo CEO Peter Wall claims Bitcoin is gold 2.0, will become hedge against inflation
Crypto mining company Argo's CEO Peter Wall said focusing on the long-term growth of the crypto market will help participants overcome the bearish sentiment in space.
Adoption
MoneyGram teams up with Stellar to allow users to exchange USDC, fiat
MoneyGram has teamed up with the Stellar Development Foundation to launch a service that allows users to send and convert stablecoins into fiat currencies.
Regulation
Russia contemplates allowing crypto for international payments
While the Russian government is looking to adopt crypto for international payments, the Central Bank and Finance Ministry are yet to reach a consensus on crypto regulation.
Adoption
Algorand funds FlexID to offer Africa’s unbanked self-sovereign IDs
This funding deal is under Algorand’s impact category, which picked out FlexID as a catalyst for global financial inclusion.
Investments
Analyst says BTC’s value will continue rising based on people’s perception
Laboure believes the regulation of the crypto space will attract more adopters who will bring liquidity, which will, in turn, help mitigate volatility.