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OCC Chief: Bank Regulation Can Put ‘Stable’ in Stablecoins January 14, 2022 – Speaking at an executive roundtable on “The Future of Crypto-Assets and Regulation” at the British American Business Transatlantic Finance Forum, Acting Comptroller Michael Hsu said, “Bank regulation would give credibility to the ‘stable’ part of stablecoins.” Read the report here.
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Rio De Janeiro to Allocate 1% of Treasury Reserves to Crypto: Report January 14, 2022 – We are going to launch Crypto Rio and invest 1% of the treasury in cryptocurrency,” Mayor Eduardo Paes said at the Rio Innovation Week. According to Pedro Paulo, Rio de Janeiro’s finance secretary, the city plans to apply discounts to tax payments made with bitcoin. “You take the single quota discount of 7%, it would make 10% if you pay in bitcoin,” Paulo said, adding that the administration needs to study the legal framework. Read the report here. |
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Jack Dorsey’s Block commits to build an ‘open’ bitcoin mining ecosystem January 16, 2022 – Block, the payments-focused company formerly known as Square, is officially throwing its hat into the bitcoin mining game. Dorsey initially teased such a move last fall, highlighting a possible bid “based on custom silicon and open source for individuals and businesses worldwide.” Read the report here. |
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Walmart is quietly preparing to enter the Metaverse January 16, 2022 – The big-box retailer filed several new trademarks late last month that indicate its intent to make and sell virtual goods, including electronics, home decorations, toys, sporting goods and personal care products. In a separate filing, the company said it would offer users a virtual currency, as well as NFTs. Read the report here. |
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Crypto job posts on LinkedIn rocketed 395% in 2021 January 17, 2022 – Job postings with terms like “Bitcoin,” “Ethereum,” “blockchain” and “cryptocurrency” grew 395% in the United States last year… For Bitcoiners and Bitcoin (BTC) maximalists, there is a new resource — Bitcoiner jobs. A service dedicated to helping connect Bitcoiners with Bitcoin-only companies, it now offers almost 100 Satoshi-approved careers. Read the report here. |
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Fidelity: ‘Countries That Secure Some Bitcoin Today Will Be Better Off Than Their Peers’ January 17, 2022 – Even if a country doesn’t agree with the fundamentals of bitcoin, they will be forced to acquire some as a form of insurance, Fidelity wrote in a recent report… While 2020 and 2021 are considered the years of bitcoin’s institutional adoption, in a new report Fidelity Digital Assets wrote that 2022 might be the era of adoption of bitcoin by sovereigns. Read the report here. |
