In this issue:
• New Crypto Products Launch; Singapore Completes DeFi Pilot with Major Banks
• Report Provides New Data on NFT Royalties and Explores Related Issues
• Ethereum Efficiency Data Published; Blockchain Infrastructure Projects Launch
• IRS Updates Digital Asset Guidance, CFTC Commissioner Warns of Crypto Risk
• Crypto Exchange Hacked for $28M; Reports Address Ransomware, Crypto Scams
New Crypto Products Launch; Singapore Completes DeFi Pilot with Major Banks
In a press release published this week, a major U.S. cross-border payments and money transfer company announced a new service in its existing mobile application, allowing customers to trade and hold three major cryptocurrencies: bitcoin (BTC), ether (ETH), and litecoin (LTC). The press release noted that the service was made possible through a partnership with a U.S. cryptocurrency exchange.
In another recent press release, the Monetary Authority of Singapore (MAS) announced “that the first industry pilot under MAS’ Project Guardian that explores potential decentralised finance (DeFi) applications in wholesale funding markets has completed its first live trades.” According to the press release, the DeFi pilot involved several major global banks that “conducted foreign exchange and government bond transactions against liquidity pools comprising of tokenised Singapore Government Securities Bonds, Japanese Government Bonds, Japanese Yen (JPY) and Singapore Dollar (SGD)” and included…
