[27 Oct] There is a place for crypto in Singapore if regulated: Tharman
“CRYPTOCURRENCIES have a place in Singapore’s financial sector if these digital assets are regulated”, said Monetary Authority of Singapore (MAS) chairman Tharman Shanmugaratnam at the Asia Financial Markets Forum. (source: theedgesingapore.com)
Facebook launches its crypto wallet, Novi.
The social media giant has released Novi, a crypto wallet that supports USDP, a stablecoin from Paxos, Crypto Briefing reported.
Facebook’s Diem cryptocurrency has yet to launch.
In the third quarter of 2021, NFT sales topped $10 billion, more than eight times the previous quarter’s volume.
[22 Oct]: Valkyrie Bitcoin Strategy ETF launched.
[19 Oct]: First U.S. Bitcoin futures ETF launched.
ProShares Bitcoin Strategy fund (BITO) listed on the New York Stock Exchange after a 75-day review by the SEC.
The ETF gives institutional and retail investors access to Bitcoin, without them having to buy and store Bitcoin themselves. This ETF is a futures one, meaning that investors are buying and selling shares that represent contracts betting on the price of Bitcoin.
More than 24 million shares of BITO (worth nearly $1 billion) traded on the first day, as the fund became the second-most heavily traded fund on record.
Ethereum’s dev team has released an update on the move to ETH 2.0, stating that it would be ready to launch around February, 2022.
Ethereum is switching to Proof of Stake which is more energy-efficient and requires stakers and validators rather than miners.