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Home Monthly Roundup Singapore Cryptocurrency News Roundup Mid to Late December 2021

Singapore Cryptocurrency News Roundup Mid to Late December 2021

Get first dibs on the hottest news on cryptocurrency in Singapore only here at SGBusinessTalk. Read on to find out more.

Mexico Confirms Plans to Roll Out CBDCs in 2024

 

Mexico Confirms Plans to Roll Out CBDs in 2024

According to a tweet posted on 31 Dec 2021, Mexico has announced that it would introduce a new national central bank digital currency (CBDC) in 2024.

Read more: https://sports.yahoo.com/mexico-plans-issue-cbdc-2024-150725646.html

Blockchain Gaming Community Raises $1.4M to Aid Typhoon Victims

Blockchain Gaming Community Raises $1.4M to Aid Typhoon Victims

On Dec. 16, 2021, the typhoon Rai that went on for four days hit the Philippines, leaving 334 cities and municipalities in a state of calamity. The day after the typhoon hit the country, play-to-earn gaming group Yield Guild Games (YGG) participated in a donation drive to help the typhoon victims. According to YGG Philippines country manager Luis Buenaventura, donations reached $1.4 million.

Read more: https://www.theindextoday.com/news/play-to-earn-blockchain-gaming-community-ygg-raises-%241.4m-to-help-typhoon-victims

5 Ways Derivatives Could Change the Crypto Sector in 2022

5 Ways Derivatives Could Change the Crypto Sector in 2022

Here are 5 ways derivatives that could impact crypto markets in 2022. 

  • The short-term correlation to traditional markets could rise
  • Miners will use longer-term contracts as a hedge
  • Bitcoin‘s use as collateral for traditional finance will expand
  • Investors will use options markets to produce “fixed income”
  • Reduced volatility is coming

Read more: https://www.theswitzerlandtimes.com/5-ways-derivatives-could-change-the-cryptocurrency-industry-in-2022/

Shanghai to Include Metaverse in its Development Plan

Shanghai to Include Metaverse in its Development Plan

Shanghai, China’s most crowded city, has announced its plan to look for ways to use a metaverse in public services, businesses, entertainment and industrial manufacturing  over the next five years.

Read more: https://www.cnbc.com/2021/12/31/shanghai-releases-five-year-plans-for-metaverse-development.html

Samsung Announces NFT Platform for Smart TVs

Samsung Announces NFT Platform for Smart TVs

South Korean tech giant Samsung is launching a new smart TV lineup with an integrated non-fungible token (NFT) platform that will allow users to browse, buy and sell NFTs. 

Read more: https://finance.yahoo.com/news/samsung-announces-nft-platform-smart-152216586.html

Eminem Buys Bored Ape ‘EminApe’ NFT for $460K 

Eminem Buys Bored Ape ‘EminApe’ NFT for $460K

Marshall Mathers III, most popularly known as Eminem, has now joined the “Bored Ape Yacht Club” (BAYC) by purchasing one of the non-fungible token (NFT) Bored Apes for $462,000 on OpenSea’s NFT marketplace. Eminem’s Bored Ape which has the nickname “EminApe,” depicts an ape dressed in a khaki army cap and a gold chain necklace that he wears in real life and has been officially added to his portfolio by OpenSea.

Read more: https://wersm.com/eminem-joins-the-bored-ape-yacht-club-with-460k-eminape/

Samsung Uses Blockchain Technology to Address Climate Change

Samsung Electronics America has announced its partnership with Veritree, a blockchain-based climate solutions platform, to plant 2 million mangrove trees in Madagascar over the next three months. 

Read more: https://news.samsung.com/us/samsung-veritree-plant-millions-trees-fight-climate-change/

South Korean Presidential Candidate Plans to Use NFT to Raise Campaign Funds

South Korean Presidential Candidate Plans to Use NFT to Raise Campaign Funds

Democratic Party (DP) presidential candidate Lee Jae-Myung prepares to use NFTs to raise funds for his campaign to appeal to the younger generation.

Read more: https://www.forbesindia.com/article/lifes/nfts-and-cryptocurrency-make-way-into-south-korean-presidential-campaign/72781/1

Square Enix CEO Reveals Plans for Blockchain, Metaverse, NFTs

 

Square Enix CEO Reveals Plans for Blockchain, Metaverse, NFTs

Yosuke Matsuda, CEO of Square Enix, revealed the company’s intentions for blockchain and NFT spheres in his new year’s message. In his letter, Matsuda expresses his optimism noting that he expects 2022 to be a year of hype for the metaverse as the world begins to slowly embrace virtual worlds and their ability to connect individuals across geographical boundaries. 

Read more: https://www.hd.square-enix.com/eng/news/2022/html/a_new_years_letter_from_the_president_2.html

Number of Countries Banning Crypto Has Doubled in Three Years

Number of Countries Banning Crypto Has Doubled in Three Years

According to a report by the Library of Congress (LOC), the total number of countries banning crypto has more than doubled over the past three years. There are nine jurisdictions that have applied an absolute ban on crypto and 42 with an implicit ban. This is up from eight and 15, respectively, in 2018 when the report was first published.

Read more: https://fortune.com/2022/01/04/crypto-banned-china-other-countries/

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