National Payments Corporation of India (NPCI) has stated that it does not intend to block the cryptocurrency trade and will leave the decision to the local banks to ban cryptocurrencies. Accordingly, each bank will be able to determine its own risk level.
Ethereum Outperforms J&J and Walmart
Ethereum has broken a new record by hitting a $4,000 band. Surpassing Johnson & Johnson and Walmart by market capitalization, Ethereum rose to 15th place just behind Visa and JPMorgan Chase & Co.
Judge Reaffirms the Order SEC Must Share the Related Documents with Ripple
Ripple had requested the court for the Securities and Exchange Commission to provide them with documents related to Bitcoin and Ethereum. Judge Netburn has now reaffirmed the order that the SEC must produce the said documents and hand them over.
Locked Assets in DeFi Protocols Continue to Increase
Interest in decentralized finance continues to grow. The market value of assets locked in DeFi protocols has risen to over $ 85 billion.
Bank of England Governor Warns Against Crypto Assets
Bank of England Governor Andrew Bailey has stated that digital assets have no intrinsic value and that people who invest in them should be very careful. Bailey has also added that "crypto asset" would be a better expression than “cryptocurrency”.
Arte Surfside Begins Accepting Cryptocurrencies as Payment
Arte Surfside, the most exclusive luxury building in Miami, has announced that it will accept various cryptocurrencies including Bitcoin and Ethereum as payment for its apartments.
Fantom Will Power E-Government Infrastructure of Tajikistan
Tajikistan continues its attempt to modernize its government with blockchain technology. Smart contract platform Fantom and the Ministry of Industry of New Technologies of the Republic of Tajikistan have signed an IT solutions agreement to power e-government infrastructure of Tajikistan.
Central Bank of Russia Tests Crypto Related Services
The Central Bank of Russia has examined three platforms offering crypto related services. Although details of the test results are not given in the 2020 annual report, if the results are positive, the Russian Central Bank is expected to present a roadmap for the integration of cryptocurrencies into the legal framework.
Chainlink CEO Nazarov Comments on DeFi Ecosystem
In a statement on the future of decentralized finance (DeFi), Chainlink co-founder and CEO Sergey Nazarov has stated that the DeFi ecosystem is growing very fast and the total value of locked assets could reach $1 trillion next year.
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