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This Week in Crypto...

September 5, 2021

During the Weekend, Ripple filed a motion to compel the Securities and Exchange Commission to reveal the internal cryptocurrency trading regulations for its employees. This is the latest in a long legal battle between the two. In December 2020, the SEC took legal action against Ripple, claiming XRP was a $1.3-billion unregistered securities offering.

Belarusian President Alexander Lukashenko has called on the government to use spare power infrastructure to mine cryptocurrency. Lukashenko urged workers to transition to crypto mining locally instead of pursuing low-paying farming positions abroad. 

On Monday, 

A group of leading decentralized finance protocols announced their collaborative venture “DeFi for the People.” Built on the Celo ecosystem, this financial inclusion venture will provide up to $100 million in educational initiatives, grants, and incentives in an effort to educate individuals globally about decentralized finance. Included in the project are Aave, SushiSwap, Curve, 0x, and PoolTogether, among others. 

The Central Bank of Nigeria (CBN) issued draft guidelines for its proposed E-Naira central bank digital currency (CBDC). It will be pegged to the value of the Naira, offering parity of value but will not be an interest-bearing currency. The E-Naira will run alongside the country’s fiat currency, with the CBN responsible for issuing, distributing and redeeming the digital currency. 

On Tuesday, 

El Salvador’s Legislative Assembly passed legislation creating a $150 million Bitcoin Trust to support the development of crypto infrastructure and services across the country. Of the $150 million, $23.3 million were allocated toward rolling out crypto ATMs, and $30 million to incentivize the use of the state-backed “Chivo” wallet. 

In a virtual meeting with the European Parliament to discuss fintech and crypto assets, Gary Gensler, the chairman of the SEC, said, “I think the transformation we’re living through right now could be every bit as big as the internet in the 1990s. [Regarding cryptocurrency markets] …It has no borders or boundaries. It operates 24 hours a day, seven days a week.”

On Wednesday, 

Curtis Sliwa, NYC mayoral candidate said he would make the city the most crypto friendly city in the nation. Sliwa tweeted he would be focusing on creating greater financial inclusivity in NYC by opening more crypto ATMs and incentivizing businesses to accept cryptocurrency. 

According to MacRumors, the latest Twitter iOS beta includes lines of code that could see Bitcoin become a part of the “Tip Jar.”  The Tip Jar feature was introduced in May as a way for users to reward content creators on Twitter. The Bitcoin tipping feature will utilize Lightning Network payment gateway Strike to generate Bitcoin Lightning invoices.

On Thursday, 

Seety, a digital parking startup based in Belgium, has introduced crypto payment support for parking tickets in Antwerp and Brussels.  Customers can now pay their tickets using Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), and Litecoin (LTC), as well as stablecoins like Dai and USD Coin (USDC). The company expects cryptocurrencies to come into wider everyday use once tokens become more environmentally friendly. 

The Bank for International Settlements Innovation Hub, the Reserve Bank of Australia, Bank Negara Malaysia, Monetary Authority of Singapore, and South African Reserve Bank announced they will join forces to test the use of central bank digital currencies for international settlements. Called “Project Dunbar,” the project aims to allow direct transactions between institutions, reducing costs and increasing speed. The project will work with multiple partners to develop technical prototypes on different distributed ledger technology platforms. 

On Friday, 

Trading simulator Crypto Parrot analyzed data from Indeed.com and found that the overall share of crypto and blockchain job postings on the platform has grown 118% compared with early September 2020. The data also shows a shift in the roles being sought after. Management posts in crypto and blockchain increased 29.87% year-on-year as of July 16. Human resource accounts have risen 200% over the same time frame, whereas software development jobs have dropped down to 29.7% of all crypto and blockchain posts compared with 34.8% the previous year.

Shop.com announced its partnership with BitPay to allow cryptocurrency payments. Users are now able to pay using Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Wrapped Bitcoin (WBTC), Dogecoin (DOGE) and Litecoin (LTC), as well as five U.S. dollar-pegged stablecoins. BitPay option is available in the United States, Canada, Australia, Hong Kong, Taiwan, the UK, Singapore, and Malaysia. 


For more information on these stories, visit:
Ripple Files Motion to Expose SEC Employees' XRP Holdings | Secure books
Belarus President Supports Citizens Working as Crypto Miners | CoinFinancer
New and leading Ethereum DeFi projects join Celo on DeFi for the people collaboration (vanguardngr.com)
The Central Bank Of Nigeria Releases Guidelines On e-Naira (techbooky.com)
El Salvador Is Trusting Its Guts On Bitcoin With $150 Million Allocated To A BTC Trust Fund (yahoo.com)
SEC boss tells EU Parliament crypto and fintech could be as disruptive ‘as the internet’ (cointelegraph.com)
New York Mayoral Candidates Turn to Crypto for Votes - Decrypt
Twitter Rolling Out Bitcoin Tipping Feature, Latest Code Update Suggests – News Bitcoin News
Belgian startup debuts Bitcoin payments for parking tickets (cointelegraph.com)
BIS Innovation Hub and central banks of Australia, Malaysia, Singapore and South Africa will test CBDCs for international settlements | Media Releases | RBA
Crypto and Blockchain Jobs Generate Rapid Talent Demand - Korea IT Times
Online retailer SHOP.COM now accepting cryptocurrency payments (yahoo.com)

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