DLT ? Weekly Digest
DLT Finance has been attending #bex22 and #Fondscongress this week.
Despite the turbulent times, the crypto markets are facing now, traditional financial institutions are keen to explore digital asset trading further. The interest of payment providers & banks is mainly focused on regulatory standards across the EU.
CoinShares: Digital Asset Fund Flows
Bitcoin saw inflows totalling US$28m last week and looks to be benefitting from weak prices with month-to-date inflows at US$46m. Short-Bitcoin AuM peaked to an all-time-high of US$64m at the beginning of last week but saw record outflows totalling US$5.8m suggesting negative sentiment may be close to its peak.
Circle launches euro-backed stablecoin EUROC
USD Coin (USDC) issuer Circle Internet Financial is launching a fully-reserved stablecoin pegged to the euro, signaling to the market that demand for crypto foreign exchange services remains high despite recent industry turmoil.
Binance Signs Cristiano Ronaldo for Exclusive Partnership: The Legendary Portuguese Footballer to Release Multiple NFT Collections on Binance
Binance is announcing an exclusive, multi-year NFT partnership with Portuguese footballing legend Cristiano Ronaldo. Through this partnership, Binance will launch a global promotion aiming to give Ronaldo’s fans an introduction to Web3 with a compelling entry point into the world of NFTs.
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SEC chair seeks a unified crypto ‘rule book’ to avoid fragmented regulation
The United States Securities Exchange Commission (SEC) chair Gary Gensler is pushing for a single cryptocurrency regulation rule book.
Stablecoin Tether (USDT) To Undergo Full Audit From Top Firm in Bid for Transparency
Tether (USDT) will undergo a full audit from a top accounting firm, according to the stablecoin issuer’s chief technology officer. Tether CTO Paolo Ardoino tells Euromoney that a top-12 accounting firm will audit the company because the leading four auditing companies are wary of stepping into the relatively unregulated crypto space.
U.S. Federal Reserve Raises Concerns About the ‘Fragility’ of Stablecoins Amid Crypto Market Crash
The U.S. Federal Reserve is issuing another warning about stablecoins amid the current crypto market crash. In a monetary policy report sent to Congress, the Fed’s Board of Governors say recent strains in the crypto market have “highlighted the structural fragilities” of stablecoins and other digital assets.