The Digital Assets Report 91
Summary
- Fidelity will offer custody and trading of ETH this week.
- Mastercard to bring crypto trading capabilities to banks.
- Tether (USDT) available in 24'000 ATM after Tether integrated with TecBan , the largest ATM company provider in Brazil.
- Nubank, Brazil’s largest digital lender to launch its own token to 70 million users in 2023 as “a new way to recognize customer loyalty and encourage engagement with Nubank products.
- Gavin Wood, Polkadot Co-founder steps down from his CEO role to focus on making Polkadot "more relevant to large swathes of the population" in his new role as Chief Architect.
- The $350 million VC-backed Layer 1 solution, Aptos, built by Diem (Meta) alumni, had problems hours after mainnet deployment and was widely criticised because of its tokenomics released 24h before the launch.
- Do Kwon, The co-founder of Terraform Labs (Luna) denied to be on the run during an interview with Laura Shin ,meanwhile a collective of 4400 ruined investors are gathering info to find and prosecute him.
- FTX CEO Sam Bankman-Fried under critics over its proposed DeFi industry standards.
To watch this week
- For the first time the supply of Ether turned negative, combined with the Fidelity announcement, it could push an ETH demand.
- Thursday European Central Bank rate decision 12:15pm - Estimation 75bps hike.
Business
$4.5T asset manager Fidelity offers ETH custody and trading to clients
Fidelity Digital Assets has announced plans to start offering their clients the option to buy, sell, and transfer Ethereum from Oct. 28.
Buffett-backed digital bank Nubank to launch its own cryptocurrency in Brazil
Nubank said Wednesday it will launch the token, called Nucoin, in the first half of 2023.
Mastercard To Help Banks Offer Bitcoin And Crypto Trading
Mastercard is set to announce plans to help banks offer bitcoin and cryptocurrency trading, handling any regulatory compliance and security.
Tether USDT Will Be Available From 24,000 ATMs Across Brazil - Decrypt
USDT, the world’s largest stablecoin, will soon have widespread availability in South America’s largest economy.
Polkadot Co-Founder Gavin Wood Steps Down From CEO Role at Blockchain’s Builder
Björn Wagner will now helm Polkadot’s key backer, Parity Technologies.
Digital Platform Sells House as an NFT on OpenSea - The Defiant
In the latest sign that the property industry is finding NFTs a new sales tool, Roofstock, a digital real estate platform, sold a single-family home in South Carolina for $175,000 via OpenSea.
Aptos Blockchain Launches to Concerns Over Tokenomics - Decrypt
Aptos co-founder Mo Shaikh acknowledged the less-than-stellar launch of the Aptos blockchain, answering questions about its token.
Ruined retail investors are on the hunt for Do Kwon: FT
A group made up of nearly 4,400 investors have joined forces to find Terraform Labs founder Do Kwon.
Markets
- BTC spot to futures ratio declining after reaching 2022 heights.
Crypto Charts 84
Bitcoin Not much change from last weeks view as we await a sell off towards the $17′500 level. This corrective rally should end below $20′453 and we would look to sell on any rallies whilst below that level. A move back above $22′800 will signal a low is in place
Ethereum turned into deflationary L1 protocol for the first time. Very interesting to see the coming dynamic with the shift of services like Uniswap or Opensea to L2 which are top burners. The https://t.co/WabZjpOPN1 narrative might not happen so soon. pic.twitter.com/RPRgORw6de
— Romain Braud (@romainbraud) October 24, 2022
Regulations
OECD: Crypto-Asset Reporting Framework and Amendments to the Common Reporting Standard
Coinfirm is the global leader in blockchain analytics and regtech for digital currencies and the blockchain-based financial ecosystem
Possible Digital Asset Industry Standards
Draft of a set of standards that we as an industry could enact to create clarity and protect customers while waiting for full federal regulatory regimes