Discover the top news in crypto for the week!
More countries are releasing crypto-friendly legislation while betting on newer trends like tokenization. Meanwhile, investors in Asia are increasing their crypto exposure while more institutions bet on bitcoin funds. Find out the top 5 crypto news of this week.
Sygnum invests in future-proofing B2B banking platform as milestone of 10 banks reached
Sygnum Bank is strengthening its B2B services by supporting ten leading banks with flexible and regulated crypto banking services. Sygnum will now be partnering with prestigious banks like Bordier & Cie SCmA and VZ VermögensZentrum to offer services ranging from crypto custody to asset management. Sygnum has been consolidating as a key partner for crypto banking services, enabling banks to retain full control of their client relationships while getting involved with crypto. Read more
Ethereum just completed a successful dress rehearsal for its most important upgrade ever
Ethereum passed a new test on its road to the ‘Merge,’ when it will shift from a Proof-of-Work (PoW) consensus to a Proof-of-Stake (PoS). The new test is part of Ethereum’s roadmap to complete the full transition into a more scalable, environmentally friendly, and cost-efficient network. Developers involved with the test claimed ‘everything went as smooth as it could be,’ reinforcing the expectation of users and investors on the final Ethereum merge. Read more
Central African Republic to tokenize natural resources
After making bitcoin legal tender, the Central African Republic is now going into tokenization, starting with the country’s natural resources. This step is part of the Sango project to promote blockchain adoption in the country, with the president urging the parliament to draft a bill to boost investment opportunities. The country is now focusing on tokenizing its resources ‘, transforming them into equally valuable and important digital assets.’
Bitcoin funds rake in new money as altcoin funds suffer
A new report by CoinShares revealed that this was the 2nd week in a row of positive crypto inflows from institutions, despite the bear market. Institutions have invested over $120 million in bitcoin-focused funds, while altcoin and ether funds registered outflows. The same report showed that US investors are more positive than European institutions.
Half of Asia’s affluent investors have crypto in their portfolio: Report
A new report by Accenture revealed that 52 percent of affluent Asian investors own a form of digital assets in the first quarter of 2022. Cryptocurrencies are now the fifth most popular asset choice for Asian investors, with portfolios accounting for 7 percent, on average, of crypto, stablecoins, or crypto funds. The survey included over 3,200 people across Asian countries, with investors in Thailand and Indonesia showing the highest rate of crypto ownership. Read more
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