The Legislative Council of Hong Kong passed legislation that will soon open up virtual assets to retail investors, and local financial services are lining up for licensing approval.
Celsius amasses 30 potential bidders for its assets, withdrawal motion approved
The bankrupt lender is set to hold auctions for its assets in January, while it’s been given the green light to return some customer funds.
Non-whale Bitcoin investors break new BTC accumulation record
Bitcoin addresses holding up to 10 BTC have been accumulating record amounts of BTC in the aftermath of the FTX collapse.
Fidelity offers retail investors commission-free BTC and ETH trading
Fidelity Crypto will focus on Bitcoin and Ether initially. The brokerage will make money by charging a 1% spread on trades.
Singapore’s MAS says no urgent case for retail CBDC, but launches 4 fast trials of it
The Monetary Authority of Singapore will trial a retail central bank digital currency in various contexts at a fintech event, despite the electronic payment options already available.
ECB reports on digital euro validation, privacy one year into investigative phase
The ECB’s two-year investigative phase is halfway completed, with key use and policy issues clarified; more stakeholder engagement is planned before the decision is made to proceed.
Fed’s Powell: DeFi needs appropriate regulation before expanding to retail
Jerome Powell acknowledged that DeFi will start to reach more retail customers, highlighting the need for regulation.
Hong Kong Monetary Authority provides update on retail CBDC that may become DeFi onramp
The monetary authority is developing a wholesale CBDC separately and earlier; it is looking at prospective retail use cases despite the lack of an “imminent role” for the currency.
Crypto’s adaptability, openness key to ideal monetary system, say BIS execs
Some of the biggest flaws preventing present-day cryptocurrencies from mainstream adoption, pointed out by the BIS execs, are bottleneck congestion in DeFi and the reliance on volatile assets.
Croatian retail giant sees rise in crypto payments despite the bear market
Croatia has been enjoying the growing cryptocurrency adoption despite the ongoing crypto winter, Konzum’s director of business applications Ines Barbir said.
Community-initiated ‘Bitcoin Stackchain’ exceeds $160K in one week
How one tweet about being “broke as hell” created a chain of community Bitcoin buys that exceeded six figures and counting.
Bitcoin’s recent gains have traders calling a bottom, but various metrics remain bearish
The total crypto market capitalization recovered roughly 5%, but a variety of trading metrics show investors are skeptical about the rally being a trend change.
Rising global adoption positions crypto perfectly for use in retail
As more and more people continue to invest in digital currencies, experts believe the coming few years will see crypto making an even larger impact on the retail sector.
Meta will open physical metaverse-themed store in San Francisco Bay Area
The store, which will be located on the company campus in Burlingame, California, will feature a wall-to-wall curved LED screen that displays what users see using Meta VR headsets.
A dozen Bitcoin ATMs planned at the largest EU electronics retailer
Following a successful Bitcoin ATM pilot by Europe’s largest electronics retailer, 12 new Bitcoin ATMs are coming to Austria’s MediaMarkt stores.
US investors realized 6X more crypto gains in 2021 than next country
Crypto investors from the United States realized nearly $47 billion in gains during 2021, outpacing the UK by a factor of six.
Retail interest in crypto declines as investors search for the next big price mover
Google search data and exchange activity point to the declining interest from retail traders as crypto investors search for the next big spark that will bring fresh capital into the ecosystem.
NFT adoption: Tokens take the runway at Metaverse Fashion Week
Metaverse Fashion Week demonstrated how brands and designers can further engage with consumers using NFTs.
Singaporean megabank DBS works on expanding Bitcoin trading to retail
DBS Bank’s crypto exchange launched in late 2020, allowing to trade cryptocurrencies only to professional investors.
NFT battles: Nike takes seller of unlicensed NFT sneakers to the court
StockX is an online reseller estimated to be worth $3.8 billion, and NFT sneakers in dispute are still online.