FFPB Block Letter #24 - November Edition
FFPB Fédération Fran?aise des Professionnels de la Blockchain
Fédération professionnelle de l'industrie Blockchain
The BlockLetter is the newsletter of the French Blockchain Federation (Federation fran?aise des Professionnels de la Blockchain - FFPB). Its goal is to provide uniquely tailored information on Blockchain technology, its market, and the latest news on its regulations.
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Big News
— FFPB and Its Members Shine at Paris Blockchain Summit 2023: A Recap of Insights, Innovations, and the Future of Blockchain in France
On November 25th, FFPB and its members (including Logion, MC LEDGER, Tessi, Veritise, Crypto4All, IZNES) participated in the 4th edition of the Paris Blockchain Summit.
Discover the highlights of the event where industry leaders convened to explore Web3, tokenization, regulations, and more, shaping the future of blockchain in France.
Regulation
— What’s next for Binance’s Changpeng ‘CZ’ Zhao?
A recent court filing suggests that Changpeng “CZ” Zhao’s legal challenges are just beginning, despite pleading guilty to violating United States Anti-Money Laundering requirements in a settlement with the U.S. Department of Justice (DOJ).
— Sam Bankman-Fried Is Found Guilty of 7 Counts of Fraud and Conspiracy
On November 2nd, Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, was convicted of seven charges of fraud and conspiracy after a monthlong trial that laid bare the rampant hubris and risk-taking across the crypto industry.
Crypto market overview
— Crypto’s Rising Star: Exploring XRP’s Legal Wins & CBDC Potential
Five years back, XRP stepped onto the scene at a humble $0.50. Zoom to November 30, 2023, and it’s holding its own at $0.6012.
While it might not be making headlines like Bitcoin or Ethereum, the tale it weaves is far from ordinary.
— December 2023 Crypto Market Forecast
Bitcoin (BTC) made new 2023 highs and other top cryptocurrencies also gained ground in November as the U.S. Securities and Exchange Commission and other global regulators continued to crack down on digital assets.
Investors have flocked to Bitcoin and other cryptos in recent months as investors anticipate the SEC could soon approve the first spot cryptocurrency exchange-traded fund to trade on a major U.S. exchange. However, regulators continue to clean up the cryptocurrency industry by targeting crypto exchanges and their high-profile executives, including FTX’s Sam Bankman-Fried and Binance’s Changpeng Zhao.
Place de Paris
— 9.4% of French Population Holds Crypto as the Asset Class Ranks Second in Investment Options
France’s financial regulator, Autorité des Marchés Financiers, has published a study by the Organisation for Economic Co-operation and Development (OECD) on investment choices and growth levels in the country.
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In the survey released on Nov 13, digital assets ranked second in terms of popularity across the country with 9.4% of adults owning cryptocurrencies while 2.8% of participants owned non-fungible tokens (NFTs).?
— Institute for Blockchain and Crypto Research Opens in France
On Nov. 8, the first-of-its-kind Institute of Crypto-Assets held a formal opening at the Léonard de Vinci Centre in the business district just outside of Paris.?
The institute will support and conduct research related to blockchain technology and cryptocurrencies.?
Fun Fact of the Month?
— Ethereum’s Vitalik Buterin: If AI Turns on Us 'Even Mars May Not Be Safe'
Ethereum creator Vitalik Buterin reflected on his own take on “techno-optimism,” inspired by Marc Andreessen, who opined about AI in his Techno-Optimist Manifesto in October.
While Buterin agreed with Andreessen’s positive outlook, he also noted the importance of how AI is developed and the technology's future direction.
Technology Survey?
— Bitcoin Futures ETF: Definition, How It Works, and How to Invest
Bitcoin futures exchange-traded funds (ETFs) are pools of bitcoin-related assets offered on traditional exchanges by brokerages to be traded as ETFs. The intent behind these ETFs is to give retail and other investors exposure to cryptocurrencies without needing to own them.
— Mastercard Launches Generative AI Chatbot to Help You Shop Online
Dynamic Yield by Mastercard, a digital personalization and artificial intelligence subsidiary of Mastercard, announced the launch of its Shopping Muse generative AI chatbot assistant for e-commerce.?
Business Case of the Month
— Societe Generale Issues Its First Green Bond on Ethereum
The third-largest bank in France, Societe Generale, reported issuing its first digital green bond as a security token on the Ethereum public blockchain. The bond, registered by Forge, a subsidiary of Societe Generale, went public on Nov. 30.?
The Block Letter
All the Best, FFPB