Discover the top news in crypto for the week!

Discover the top news in crypto for the week!

Australia is pioneering a new form of crypto regulations, while crypto lobbyists are concerned about the new crypto rules coming to the European Union. Meanwhile, cities like Lugano are working to become global crypto hubs while the relationship of crypto with traditional markets is changing. Find out the top 5 crypto news of this week.

The Crypto Explorer podcast: Swapping DEXes

The new edition of The Crypto Explorer podcast covers everything about decentralised exchanges and their infrastructure, with guest Mounir Benchemled, founder of ParaSwap. Decentralised exchanges enable customers to freely trade cryptocurrencies while offering more flexibility and use-cases for investors. In the podcast, Mounir talks in detail about DEXes, how the idea to build a DEX aggregator came to mind, and the intricacies of the industry, from infrastructure to adoption. Read more

Ethereum Foundation confirms September dates for the Merge

In a new blog post, the Ethereum Foundation has confirmed September 6 as the date for the Merge, which will happen in 2 phases. The Merge, or the Bellatrix upgrade, will occur that day, with the Paris update happening a few days later, in what will change the Ethereum network to a Proof-of-Stake (PoS) consensus. Investors have been bullish on this change, and the entire crypto world is watching as it is one of the biggest changes in the industry since its inception. Read more

Australia unveils plans for crypto regulations unlike ‘anywhere else in the world’

Australian regulators are moving forward with a new evaluation of the crypto sector to draw new rules to protect consumers and bring clarity to the regulatory landscape. Australia will follow ‘token mapping,’ evaluating the different types of cryptocurrencies, including their technological features (i.e., code) and how that will influence the upcoming rules. The regulators want to study the differences and nuances of crypto assets and services and only then advance with rules that correctly address the industry. Read more

Lugano stakes claim to become cryptocurrency capital of Europe

Can Lugano become a European capital for crypto? The city is embracing bitcoin, stablecoins, and even its own cryptocurrency to attract investors and businesses while improving services for residents. Lugano is building infrastructure to facilitate the bitcoin mining business and bring sustainability to that sector while investing in R&D and blockchain technology. Moreover, residents of Lugano will be able to pay regional taxes and make daily purchases from local businesses with digital assets. Read more

Correlation growing between crypto and equity markets in Asia, says IMF

After the Covid pandemic, crypto’s behaviour has changed, with its price action becoming closer to traditional equities. The International Monetary Fund (IMF) is now showing that bitcoin’s correlation with stocks in the Indian market has seen a 10-fold increase. The IMF justifies this relationship with the rising adoption of crypto providers and products in Asia and the growing institutional embracement. Read more

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Sygnum is the world’s first digital asset bank, and a digital asset specialist with global reach. With Sygnum Bank AG’s Swiss banking licence, as well as Sygnum Pte Ltd’s capital markets services (CMS) licence in Singapore, Sygnum empowers institutional and private qualified investors, corporates, banks, and other financial institutions to invest in the digital asset economy with complete trust. Sygnum operates an independently controlled, scalable, and future-proof regulated banking platform. Our interdisciplinary team of banking, investment, and Distributed Ledger Technology (DLT) experts is shaping the development of a trusted digital asset ecosystem. The company is founded on Swiss and Singapore heritage and operates globally. To learn more about Sygnum, please visit www.sygnum.com.

Disclaimer
This document is purely for educational purposes and has been issued by Sygnum Group. It is not intended for distribution, publication, or use in any jurisdiction where such distribution, publication, or use would be unlawful, nor is it aimed at any person or entity to whom it would be unlawful to address such a marketing communication. It does not constitute an offer or a recommendation to subscribe, purchase, sell or hold any security or financial instrument. It contains the opinions of Sygnum Group, as at the date of issue. These opinions and the information contained herein do not take into account an individual‘s specific circumstances, objectives, or needs. No representation is made that any investment or strategy is suitable or appropriate to individual circumstances or that any investment or strategy constitutes personalized investment advice to any investor. Therefore, you must verify the above and all other information provided in the document or otherwise review it with your external advisors. Some investment products and services, including custody, may be subject to legal restrictions or may not be available worldwide on an unrestricted basis. The information and analysis contained herein are based on sources considered as reliable. Sygnum Group uses its best efforts to ensure the timeliness, accuracy, and comprehensiveness of the information contained in this document. Nevertheless, all information indicated herein may change without notice.

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