Weekly Recap #30 | All you need to know about Bitcoin & Crypto
23 May – 30 May 2022
Here is another super interesting Crypto week! Find below a top list of the most relevant news you need to know. Enjoy the reading!
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1.????JPMorgan trials blockchain for collateral settlement in after-hours trading.
JPMorgan Chase & Co foresees increased blockchain usage in traditional finance and is getting ready to offer related services. The global investment bank has been using a blockchain for collateral settlements, allowing its clients to use a wider range of assets as collateral and trade outside of market operating hours. The first such transaction took place on May 20.
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2.????Wall Street says a Fed Digital Dollar spells destruction for Banks.
Wall Street bankers are arguing that the Federal Reserve launching its own digital dollar could crack the foundations of banking as we know it, according to letters industry lobbyists sent to the U.S. central bank on Friday.
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3.????Belarus has seized millions of dollars in crypto, Chief Investigator claims.
Authorities in Belarus have mastered the seizure of cryptocurrencies, the head of the country’s Investigative Committee revealed in a recent interview. The high-ranking law enforcement official claims the state has already confiscated crypto assets worth millions of dollars.
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?4.????Nigerian Presidential hopeful says he supports digital currencies but wants the industry regulated.
Nigerian presidential hopeful, Bukola Saraki, recently said he supports the digital currency industry which he claimed has created opportunities for the country’s youth. However, he insisted that there is a need for the enactment of laws that guide players in this space.
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5.????As many as 1 in 10 European households could own crypto.
The number of people buying cryptocurrency like Bitcoin could be higher than first thought, after an ECB survey found 1 in 10 households owned some crypto.
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Source: Cointelegraph, News Bitcoin, Coindesk, Fintech Magazine