Adoption

Gemini and Bancolombia to Enable Crypto Trading in Colombia

  • Starting 14 December, Bancolombia clients will be able to trade four crypto assets, namely BTC, ETH, LTC, and BCH.
  • The partnership is part of a year-long pilot program run by Colombia‚Äôs financial regulator SFC to test banking services for crypto platforms.

Mercado Pago to Launch Crypto Services in Brazil Through Paxos

  • The new feature, expected to launch by the end of December, will give Brazilian Mercado Pago users access to Bitcoin, Ethereum, and the Pax Dollar.
  • Once the feature is launched, Brazilian users will be able to directly buy crypto using their existing account balance.

Republic of Palau Partners With Ripple on National Digital Currency

  • Ripple will help the nation explore a USD-backed stablecoin on the XRP Ledger, which could provide a good alternative to a CBDC.
  • The company said we could see the "implementation of the world's first government-backed national stablecoin" as soon as the first half of 2022.

Binance Integrates With Arbitrum One

  • While it has completed its integration with Arbitrum One, Binance has only opened ETH deposits to layer 2, with withdrawals being expected on a later date.
  • Arbitrum One is a layer 2 optimistic rollup protocol that enables lower costs and faster transactions than the Ethereum mainnet.

Deloitte Partners With Avalanche on Disaster Recovery Platform

  • The new "Close As You Go" platform will help state and local government officials simplify and streamline disaster reimbursement applications.
  • The use of Avalanche's blockchain technology has helped Deloitte mitigate risk and reduce administrative costs associated with FEMA's reimbursement process.

U.S. Congress to “Demystify” Crypto at Next Week Hearing

  • Representative Don Beyer, who back in July introduced a bill focused on regulating digital assets, will preside over the hearing.
  • The witnesses include Open Markets Institute's director of financial policy Alexis Goldstein, and Coin Center's director of research Peter Van Valkenburgh.

Twitter Forms Dedicated Crypto & Blockchain Team

  • The team will first focus on ways to use decentralized applications to manage virtual goods and currencies on Twitter.
  • Called Twitter Crypto, the initiative is now looking to hire additional members with engineering and product skills.

PBoC Claims 140 Million Individuals Now Have e-CNY Wallets

  • An executive of the People's Bank of China has claimed that the country's CBDC has already been used in over $9.7 billion worth of transactions.
  • He further stated that 1.5 million merchants were ready to accept payments from the 140 million individual and 10 million corporate e-CNY wallets in the country.

FTX Buys Ad Time During Super Bowl

  • FTX's marketing strategy focuses on sports as the fastest growing customer base for crypto adoption, and football was the top priority.
  • It remains unknown how much FTX had to pay for its ad spot, but the going prices for NBC was around $6.5 million.

NFT Startup Candy Digital Raises $100M

  • Candy's Series A funding round was co-led by Softbank Vision Fund 2 and Insight Partners, and valued the company at $1.5 billion.
  • The NFT startup has already partnered with sport brands such as Major League Baseball, MLB Players Association, Race Team Alliance, and several college athletes.