Amazon And 4 Others Working On Digital Euro Prototype, White House ‘Comprehensive Crypto Framework’, Hong Kong Fraud Alert + More News – Cryptonews | Jewelry Dukan

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Get your daily, bite-sized roundup of cryptoasset and blockchain-related news – investigate the stories flying under the radar in today’s crypto news.
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CBDC News

  • That European Central Bank (ECB) said it will work with five companies to develop potential user interfaces for the digital euro: CaixaBank and world line will work on peer to peer online payments, EPI and NEXI for payer-initiated point-of-sale payments, and Amazon on e-commerce payments. The aim of this prototyping exercise is to test how well the technology behind a digital euro integrates into prototypes developed by companies. It is expected to be completed in the first quarter of 2023, when the ECB will also publish its results.

Regulatory news

  • The US White House announced today a “First-Ever Comprehensive framework for Responsible Development of Digital Assets,” which outlines the conclusions and recommendations of various federal agencies after six months of investigating the crypto industry. The recommendations include strengthening the role of the USA as a global crypto pioneer by promoting private-sector innovations and cooperation at an international level. The framework containing the recommendations is divided into the following sections: ‘Protecting consumers, investors and businesses’, ‘Promoting access to safe, affordable financial services’, ‘Promoting financial stability’, ‘Pursuing responsible innovation’, ‘Empowering our Global Financial Leadership and Competitiveness, Fighting Illicit Finance, and Exploring a US Central Bank Digital Currency (CBDC).
  • US Securities and Exchange Commission (SEC) Chairman Gary Gensler said many cryptoasset firms are required to register their tokens with the agency, reiterating that “the vast majority” of the roughly 10,000 crypto tokens are securities. “Given the nature of crypto investments, I recognize that it may be appropriate to be flexible in the application of existing disclosure requirements,” he said in his testimony before the US Congress. According to a report in The Wall Street Journal, Gensler also said that proof-of-stake (PoS) cryptoassets could be securities under the Howey test.
  • South Korea Financial Oversight Service (FSS) Governor Lee Bok Hyeun said he disagrees with the view that crypto cannot be considered a financial investment product or security. According to local media, he also stated that he assisted local prosecutors in designating Terra LUNA tokens as securities.

Legal news

  • Hong Kong Chief Executive John Lee said he reported a suspicious online cryptocurrency platform to police for further action, the South China Morning Post reported. On Friday, he warned the public not to be fooled by bogus investment plans after his image and made-up quotes were used to lure people onto an online trading platform.
  • The Troubled Celsius network said that at the October hearing, they “hope to advance discussions with the other stakeholders on reopening withdrawals for certain custody and withhold account holders.” The company, which is currently in Chapter 11 bankruptcy proceedings, has asked the court for permission to sell its stablecoin holdings to generate liquidity to fund its operations, new court filings show. A hearing is scheduled for October 6 in New York. Its stablecoin holdings are around $23 million.
  • The auction for the bankrupt crypto lender’s fortune Voyager Digital Ltd. began Tuesday in New York, the Wall Street Journal reported. The winning bid or bids will be announced at a hearing scheduled for Sept. 29, although they could be announced sooner, a company spokesman said, citing.

Web3 News

  • infurathe blockchain technology company’s Web3 Application Programming Interface (API) provider ConsenSys, today announced its plan to introduce a decentralized infrastructure protocol to complement its existing offering. The decentralized protocol will be “a community of highly engaged infrastructure providers that participate in an open-source ecosystem and together can overcome the limitations of the existing market,” the press release states. Qualified infrastructure providers can now apply for an early access program to participate in the new protocol.
  • Unicorn Growth Capitalan Africa-focused venture fund investing at the intersection of traditional finance (TradFi) and decentralized finance (DeFi), and EchoVCa technology-focused early-stage venture capital firm for underrepresented founders and underserved markets, have announced a partnership with the Celo Foundation. According to the press release, the partners will support the growth of Web3 projects across Africa through newly established Celo ecosystem investment funds.

News from politics

  • El Salvador’s Bitcoin (BTC)-supporting President Nayib Bukele said he plans to run for another five-year term as president in 2024, even though the country’s constitution prohibits candidates from serving two terms in a row. In the meantime, Fitch ratings downgraded El Salvador’s long-term foreign currency issuer default (IDR) rating to “CC” from “CCC” and said the country has “strained fiscal and external liquidity positions and extremely limited market access amid high fiscal funding needs and large external funding needs of $800 million.” Due to the fact that the bond matures in January 2023, default is likely.”

Blockchain News

  • Cardano Foundation announced that it has partnered with Georgian National Wine Agency. The blog post said the duo, in collaboration with the Bolnisi Winegrowers Association and scan trust, will create a solution on the Cardano (ADA) blockchain to “ensure the quality and authenticity of Georgian wine”. The four partners will develop a joint, scalable platform that is cost-effective for winemakers and increases customer retention, they said.
  • StraitXa major payment institution licensed by the Monetary Authority of Singapore (MAS), announced native XSGD & XIDR on the Polygon (MATIC) blockchain, with Polygon becoming StraitsX’s third officially supported blockchain after Ethereum (ETH) and Zilliqa (ZIL). StraitsX users can transfer and mint XSGD and XIDR (polygon) directly from their StraitsX accounts, while XSGD and XIDR transferred to StraitsX accounts can be converted back to SGD, they said.

payment messages

  • Open Software-as-a-Service (SaaS) e-commerce platform BigCommerce announced a strategic partnership with BitPay and coin payments to deliver crypto payment solutions to BigCommerce merchants in selected countries. By expanding its crypto ecosystem, BigCommerce opens up opportunities for its merchants to offer payment options, expand market share, attract a new customer base and accelerate international growth through innovation, they said.

investment news

  • investment company Valkyrie has added $73.56 million in fresh capital to two of its crypto funds, according to filings with the US Securities and Exchange Commission. The Valkyrie Tron Trust has raised nearly $49.8 million while the Valkyrie Avalanche Trust has raised $23.8 million.

exchange messages

  • binance recently entered into a partnership with the Philippines Cybercrime Investigation and Coordination Center (CICC) under the Institute for Information and Communication Technology (DICT) to share its insights and experience in preventing cybercrime using blockchain forensics with various law enforcement agencies, the press release said. The seminar was designed by Binance and conducted by the company’s Asia Pacific Head of Intelligence and Investigations, Jarek Jacubcek.
  • Twins has promoted Christopher Mariadason, who joined the exchange last June as head of program administration, to the post of chief compliance officer, the Wall Street Journal reported, citing a Gemini spokeswoman. Prior to joining Gemini, Mariadason worked for an American multinational investment management and financial services firm for more than eight years MorganStanley.

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