Japan Starting Work for CBDC

The Bank of Japan (BOJ) announced that they cannot ignore the CBDC idea in this period when the world is rapidly digitalizing and that they will start feasibility studies in 2021. After China, the European Union, and the USA, it is thought that Japan will carry out important studies in this field.
 

DeFi Statement by SEC Member

SEC commissioner Hester Peirce made statements about Blockchain and cryptocurrencies at a conference. Peirce stated that the DeFi industry has great potential to revolutionize the financial world, but it poses challenges for regulatory structures.
 

Ethereum Futures Study from CME

CME, which started to list Bitcoin futures in 2017, is also conducting a demanding check for Ethereum futures. CME, which has been working to list Ethereum-based products as of 2018, has asked several asset management firms if they are interested in ETH derivatives.
 

Ripple Starts To Offer Lending Service

Ripple, one of the most active companies in the crypto industry, announced that it will start providing lending services. It was stated that the lending service, which will be provided through the company's own cryptocurrency XRP, will be given to RippleNet users in the first place.

Ethereum Fund Registered to SEC

Grayscale Asset Management's Ethereum Fund, which can be attended by institutional and accredited investors, has been registered with SEC. The Ethereum fund will be subject to the same securities law as it was previously registered in the Bitcoin fund.

Bank of Japan to Begin CBDC Tests in Spring
Bank of Japan Governor Kuroda announced that BoJ will begin digital currency (CBDC) tests in the spring. Last week, the Central Bank of South Korea announced that it will conduct CBDC experiments throughout 2021.
 

Bitcoin Hash-Rate Reaches the Top
Bitcoin hash-rate peaked, reaching 155 exahash levels. The previous peak saw the 130 exahash level in December 2017 and it was seen that Bitcoin prices reached $ 20,000 on this date.
 

OECD Meets For Crypto Taxation

The OECD will hold a meeting with the world's top economic leaders as part of its cryptocurrency taxation report for 2021. It was stated that the work to be carried out at the meeting, where the participation of G20 members is expected, will be framed according to the dynamic and active nature of the crypto industry.

Cryptocurrency Law from Spain

Spanish government spokesperson Montero announced today that they will draft law on cryptocurrency statements. According to the law, citizens will share with the Spanish state how much is invested in which cryptocurrency.

 

Blockchain Report from PwC
The world-famous audit and consultancy firm PwC published a report on the value that Blockchain can add to the economy. The report stated that Blockchain could increase the global gross domestic product (GDP) by $ 1.76 trillion in 2025.

 

CBDC Preparation from Russian Central Bank
For CBDCs, which have an important place in the rapidly digitalizing world, the Russian Central Bank stated that they are preparing for the Digital Ruble and that they are evaluating the advantages and possible risks for the CBDC issuance.

 

China Distributed 10 Million Digital Yuan
China, one of the most pioneering countries in CBDC studies, has been implemented for the cashless community and distributed 10 million Digital Yuan by lottery. The winners of the draw, to which about 2 million people applied, will be able to spend using their Digital Yuan in 3 thousand businesses in the Shenzhen region.

Bitcoin Fund Raises Over 1 Billion Capital

Grayscale, the world's largest digital asset management firm, announced its Q3 report and stated that the firm raised over $ 1 billion in the capital in a single quarter. The interest in Grayscale funds, in which only institutional and accredited investors can participate, is considered as an indication that institutional investors considering cryptocurrency investments seriously.


 

115 Million $ BTC Investment from Stone Ridge
After the BTC investment of Twitter founder Jack Dorsey's company Square, BTC investments of corporate companies started to increase. On top of that, Stone Ridge, an important company in the financial world, announced that they added $ 115 million worth of Bitcoin to their treasury reserves.

 

Italian Banks Are Integrating Into Blockchain
The Italian Banking Association (ABI) announced that about 100 banks have been integrated into the country's Blockchain network Spunta. In the application that started in March 2020, there are 55 banks in the first stage and while data transfer is provided, approximately 100 banks have been integrated into the system and it was stated that the agreement between banks can be completed in a short time like within a day.

 

Cryptocurrency Ban from Russia

The Central Bank of Russia recently passed a law on cryptocurrencies following CBDC statements.  According to the statement, non-qualified investors will only be able to buy a maximum of 600,000 Rubles ($ 7,700) worth of cryptocurrencies.

Rothschild Invests in Bitcoin Fund

Rothschild Investments, the Rothschild family company, also joined the Grayscale Bitcoin fund, which has been on the agenda frequently. According to Grayscale data, the company, which has more than $ 1 billion under its management, has only invested 235 BTC for now.
 

Ripple Agrees With The Canadian Giant For Cross Border Payments
Toronto-based cross-border payment company Cambridge Global Payments has announced a new partnership with Ripple for payment systems. It was stated that with this new system, payments will be made more transparently and quickly.
 

Updates Coming to the Bitcoin Network
The Bitcoin Core system will improve the smart contract system and transaction privacy features with updates called Schnorr and Taproot. BTC Core participants stated that the developments are combined in the library and that they will work on update activation in the next process.
 

JP Morgan's Striking Bitcoin Report

The giant investment bank, which was completely anti-Bitcoin for a while, stated in its new report that institutional companies such as Square said that BTC purchases are very important and that they give a vote of trust to cryptocurrency, and that institutional investors may continue to buy BTC.