Hover and out, over to you Santa.
We enter the festive period with bitcoin hovering around US$23k at time of writing. It reached as high as US$24.2k and swiftly went as low as US$22k only 2 days ago. As fast as Santa going down the chimney. With all the gains, do expect your presents to be bigger with Visa issuing principal membership to WireX for direct payments to most establishments that accepts Visa! BTC to presents with a swipe of a card.
Huobi is back! Huobi Group is starting a trust company in Nevada, shortly after officially ceasing operations in America in December 2019. Huobi also has plan to expand operations in Russia. Where crypto goes, Huobi goes. Not missing out on the action are the Europeans, with the Italian Banking Association (ABI) experimenting the technical feasibility of a digital euro. EuroX or XEuro? Your guess is as good as mine.
Christmas and the New Year is usually the most hectic time for the English Premier League clubs, playing games almost every other day, and Manchester City is seizing this opportunity by collaborating with Animoca Brands to create a set of NFT trading cards that is to be distributed. The ball is round, so is crypto?
Invest wisely and avoid leverage. Merry Christmas to all, and stay safe.
Visa to issue principal membership to WireX
Wirex (crypto-payments platform) granting the firm the power to issue Visa accounts and process transactions after its US launch.
Wirex is the 2nd crypto-native company after Coinbase to get such a membership and it allows users to transfer crypto and traditional currencies around the world.
The company already has a Visa card that enable users to make crypto payments and it is also a principal Master member.
Huobi to return to the US after ceasing operations last year
Huobi Group is starting a trust company in Nevada after shutting down the US subsidiary firm in 2019.
Huobi Group, the company behind major global crypto exchange Huobi, is planning to return to the US with a new license secured from local regulators.
After ceasing operations in the US last year, Huobi seems to be keen in opening a trust company business in the country. Trusts are companies tasked with managing assets for a group of owners or investors. Grayscale’s trusts use this structure to offer cryptocurrency exposure within traditional markets.
Italian banks conduct experiments with digital euro built on blockchain
The Italian Banking Association (ABI) comprises over 700 banking institutions, ABI stated that the work would test the technical feasibility of a digital euro and further look at ‘new value added services’ that would become possible due to the programmable nature of the technology. The purpose of this experiment is to proactively contribute to public debate and support banks operating in Italy as they prepare for the future.
Animoca Brands collab with Manchester City for games and collectibles
Both the club’s men’s and women’s team will be featured along with Man City owned Melbourne City FC.
Animoca Brands will be creating mini-games for its hyper-casual gaming site, GAMEE. It will also develop a set of collectable trading cards to be distributed on its NFT digital collectibles subsidiary, Quidd.
There will also be Manchester City and Melbourne City themed gaming experiences developed in The Sandbox.
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