News updates 07.122021
1. GLOBAL NEWSIndia’s WazirX opens account with country’s third-largest pvt. sector bank
India’s regulatory woes pertaining to cryptos now seem to be easing a little, despite the absence of a clear consensus. Regardless, the threat of private cryptocurrencies being banned has stalled for now, with the banking sector already opening its doors to the crypto-community.
2. SEC Chairman Gary Gensler Stresses Crypto Markets Are Open to Manipulation, Investors Vulnerable
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has called for more investor protection in crypto markets. “This asset class is rife with fraud, scams, and abuse in certain applications,” he said. “In many cases, investors aren’t able to get rigorous, balanced, and complete information on tokens or trading and lending platforms.”
3. Massive jump in number of Australians who own crypto:
CEO of Independent Reserve Adrian Przelozny told Cointelegraph that he expects the trend to continue as crypto matures and becomes less volatile.
The 2021 Independent Reserve’s Cryptocurrency Index (IRCI) survey of more than 2,000 people found that the percentage of Australians surveyed who own or have owned crypto has reached 28.8%, up from 18.4% in 2020.
4. Gemini partners with Colombia's biggest bank for crypto trading
The partnership will allow Bancolombia customers to trade a number of popular cryptocurrencies including BTC, ETH, and LTC.
5. Binance Smart Chain Partners With Animoca Brands in $200 Million Crypto Gaming Incubation Fund
Binance Smart Chain, one of the leading smart contract platforms in the blockchain market, has partnered with Animoca Brands, operator and investor of several NFT based games, to launch a joint $200 million gamefi (financialization of gaming) incubation program. The two institutions will invest $100 million each to fund and ease the development of new gaming experiences on top of the Binance Smart Chain.
6. News: Gemini to Offer Crypto Trading in Latin America
New York-based Crypto exchange Gemini will be expanding into Latin America with its upcoming partnership with Colombia’s largest bank, Bancolombia. This partnership will come into effect from Dec. 14 and allow Bancolombia customers to trade four major assets like Bitcoin, Ether, Litecoin, and Bitcoin Cash. Bancolombia operates in Colombia, Panama, Guatemala, and El Salvador, with over 17.8 million users.
