In the last month, certain GameFi coins have taken off in price, hitting new all time highs and trading volumes. Decentraland (MANA) is the most prominent example. With a peak price of $4.69, the coin currently trades at $3.19, which is significant considering it traded at less than $1 in late October. Other gaming coins, The Sandbox (SAND) and Axie Infinity (AXS) have seen similar patterns of growth in the past few months. A big influence on the price of these coins was Facebook’s recent announcement of the changing of their company name to Meta. Mark Zuckerberg made an extensive video explaining what the Metaverse is and how it can…
BNY Mellon and Mastercard become latest big brands to back crypto
America’s oldest bank is launching a service for institutional investors, while the credit card giant plans to offer consumer-to-merchant transactions using digital assets
What’s significant with BNY Mellon’s announcement is how the bank plans to ensure that digital assets aren’t treated any differently than stocks and bonds, meaning all of these holdings will be managed through the same infrastructure. And rather than solely focusing on the likes of Bitcoin and Ethereum, it appears that BNY Mellon has few limits on the types of digital assets that it’s willing to accept.
Libra Association dumps ‘Libra’ for Diem
The rebranded Diem Association will still pursue the launch of a global stablecoin, but in slower baby steps as regulatory hostility continues to grow
First Facebook tried to distance its toxic name from the Libra stablecoin project it launched and championed by renaming its Calibra wallet Novi in May. Now the Libra Association is following suit, renaming itself the Diem Association in hopes of starting a “new day” for the much-opposed project.
Facebook’s Libra stablecoin could launch in January
The Libra Association expects to launch a dollar-backed stablecoin early next year—but is it just limping in the direction of the finish line?
According to a Nov. 27 Financial Times report, Libra will launch in January with just a single dollar-backed stablecoin. The exact launch date depends on when the association receives the Swiss Financial Market Supervisory Authority’s approval to operate as a payments service, which could come in January after the May 2020 application.