Illustration by Mitchell Preffer for Decrypt
Most leading cryptocurrencies gained slightly in value over the week as it was a relatively constructive seven days for the industry: Visa now supports USDC payments on Solana, and the London Stock Exchange Group (LSEG) announced that it Using blockchain technology for a digital exchange that will sell tokenized traditional financial assets.
Visa’s crypto chief, Cuy Sheffield, wrote a thread about the payments giant’s new crypto offerings. He also highlighted the pilot programs with Worldpay and Nuvei.
At the executive level, various organizations with global reach continued to respond to the increasing adoption of cryptocurrencies, including the European Central Bank (ECB), the International Monetary Fund (IMF), and the Financial Stability Board (FSB).
One announcement making the rounds on Tuesday was the fact that software crypto wallet provider Metamask is now facilitating cryptocurrency withdrawals into fiat currencies.
Kevin Owocki, co-founder of the open source financing platform Gitcoin, announced his return that day.
“My role is to be a network catalyst for all of them – helping everyone synthesize information across the network and understand the whole Gitcoin,” he told Decrypt. “To be clear: I don’t dictate. I collect information from the bottom up and help them synthesize their roadmap together.”
Bloomberg ETF expert James Seyffart believes crypto asset manager Grayscale now has the upper hand over the Securities and Exchange Commission (SEC) when it comes to getting a Bitcoin spot ETF approved. Last Tuesday, a federal appeals court judge told the SEC that the rejection of crypto asset manager Grayscale’s spot Bitcoin ETF application needed to be reviewed after the regulator failed to provide a “conclusive justification” for its rejection.
Beyond Visa, Circle has many more plans to launch USDC, co-founder and CEO Jeremy Allaire tweeted on Wednesday.
Ethereum inventor and company co-founder Vitalik Buterin appeared as co-author of an article about “privacy pools” – a concept similar to privacy mixers like the US Treasury Department-sanctioned Tornado Cash, but clearly in line with global regulations.
Southeast Asia’s leading super app Grab added cryptocurrency integration on Thursday, according to a Twitter user @0xJaypeg:
Finally, if this report is to be believed – which features credible crypto journalist Tiffany Wong and not-so-credible pharma bro Martin Shkreli – disgraced FTX founder Sam Bankman-Fried is well out of his comfort zone while in the Brooklyn Metropolitan Detention Center.
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Source : decrypt.co
