Exchange news
- Binance has become the first fully licensed crypto exchange in El Salvador.
- Coinbase is offering to buy back up to $150 million of its bonds.
- Bitstamp is in talks to raise fresh funding for its operations.
CBDC news
- The Brazilian central bank digital currency (CBDC) has been named the Drex.
- The adoption of the Brazilian CBDC is expected to start by the end of 2024.
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Regulation news
- The Bank of England will continue its plans for a systemic stablecoin regime.
- The Monetary Authority of Singapore has issued Blockchain.com a major payment institution license.
Mining news
- Bitdeer Technologies has completed the construction of a mining facility in Bhutan.
- An additional 15,000 mining machines have arrived at the datacenter.
Career news
- George Hansen has been appointed as the Chief Revenue Officer of ConnexPay.
Hot Take
Binance’s licensing in El Salvador and Coinbase’s bond buyback offer show the growing legitimacy and financial opportunities in the crypto industry. The development of CBDCs and the regulation of stablecoins indicate a push towards mainstream adoption. The expansion of mining facilities and the appointment of industry experts demonstrate the continued growth and innovation in the crypto sector.
