Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
- Stefan Ingves, the governor of Sweden’s central bank Riksbank, compared buying and selling bitcoin (BTC) to trading stamps, questioning the staying power of currencies without government backing, according to Bloomberg. He has added that “private money usually collapses sooner or later.” Meanwhile, Alejandro Díaz de León, the governor of the central Banco de México, said that BTC is closer to a precious metal than legal tender, per Reuters. (Learn more: Debunking the 4 Big Bitcoin Myths Promoted By Central Banks in 2021)
- Zebedee, a payments system for games based on Bitcoin, has announced it has raised USD 11.5m in a Series A funding round. The project is working on enabling programmable payments and small transactions to power economies for virtual worlds with near-zero fees.
- Fantasy football platform Sorare has announced they have partnered with the Spanish football league La Liga to launch non-fungible tokens (NFTs) in the form of tradable cards for all of its players. Sorare said it plans to partner with every one of the world’s top 20 football leagues by the end of 2022.
- Blockchain company IOHK has confirmed that their smart contracts upgrade for the Cardano (ADA) network is set to launch on the network on September 12th.
- Subscription management app Revuto has announced the launch of their R Fund, a USD 2m fund for projects on their native blockchain Cardano. Along with the funds, the company will provide up-and-coming projects with mentorship along the way.
- The Litecoin Foundation has announced the launch of OmniLite, a platform that facilitates the creation of decentralized tokens and smart contracts on top of the Litecoin (LTC) blockchain network.
- Blockchain technology company Blockstream has announced a partnership with green infrastructure firm Macquarie to pilot a Bitcoin mining facility and explore carbon neutral alternatives for such facilities. The first pilot project will utilize Blockstream’s mining facilities, while Macquarie will invest in the facility while utilizing its expertise in energy to explore opportunities to provide renewable energy to power the mining process.
- Crypto mining firm Canada Computational Unlimited Corp. has announced it has now issued public stock on the Canadian TSX Venture Exchange. It is expected that the corporation shares will commence trading at the opening of markets on or about September 12th, 2021 under the ticker symbol “SATO.”
- Cybersecurity blockchain ecosystem Rivetz has been charged by the US Securities and Exchange Commission (SEC) with conducting an illegal, unregistered offering of securities through an initial coin offering in 2017. The SEC added that the ICO, which had raised USD 18m, was promoted in a way that posited it as a security, but it was not registered with the authority beforehand.
- Venture capital firm Andreessen Horowitz (a16z) has announced they have onboarded Brian Quintenz, a former Commissioner of the US Commodity Futures Trading Commission (CFTC), as an advisory partner on their crypto team.