Discover the top news in crypto for the week!
More luxury brands are embracing payments with crypto while leading tech companies are launching new products fit for a crypto audience. Meanwhile, consumers worldwide are increasingly using digital assets, while local governments explore the capabilities of the Metaverse. Find out the top 5 crypto news of this week.
Sygnum report: Crypto asset allocation strategies
With the best performance in the last decade, cryptocurrencies have become more popular among institutional investors, but how should they fit into portfolios? In a new report, Sygnum Bank experts delve into the strategies behind crypto allocation for professional and private qualified Swiss investors. Discover how crypto should be treated from an asset class point of view, how to allocate unique assets within crypto, forecasting methodologies, and more. Read more
Mastercard survey says 51 percent of Latin American consumers have crypto experience
Crypto is becoming more used across the globe since the Covid pandemic led to an increase in the importance of digital payments. According to a new survey by Mastercard, 51 percent of people in Latin America have made a transaction with crypto at least once, while more than a third have made a purchase with stablecoins. There’s a cultural shift in Latin America, with 95 percent of people wanting to use digital payments in the next 12 months while 54 percent are optimistic concerning digital assets. Read more
Catalonia to build its own Metaverse dubbed Cataverse, minister Macro says
The Catalonian government is expanding its plan to promote a digital economy in the region by looking at the rise of blockchain technology. Catalonia is even launching its own Metaverse, called Cataverse, representing ‘the Catalan language and the Catalan culture.’ The government has introduced several policies and university programs to foster talent while positioning Barcelona as a global crypto hub. Read more
Crypto assets: deal on new rules to stop illicit flows in the EU
The EU Parliament and Council have reached an agreement to enforce more oversight over crypto transactions, bringing more clarity and security to the sector. The new rules will bring already established rules from traditional finance to crypto, analysing crypto transfers in detail and increasing the responsibility of crypto providers to disclose information. Beyond transfers, the new deal will increase the control over the source of funds to prevent money laundering and terrorism financing. Read more
Luxury Swiss watchmaker Breitling now accepts bitcoin
Luxury brands are leading crypto’s adoption, with more companies embracing crypto payments, from premium watch manufacturers to clothing brands. Breitling is the latest luxury watchmaker to embrace payments in bitcoin, following the steps of TAG Heuer and Hublot. Customers will be able to use the Lightning Network to conduct their speedy and low-fee purchases of Breitling watches. Read more
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