New investors, funds, Crypto products + More news
Get your daily digest of crypto-asset and blockchain news – investigating the stories that slip under the radar of today’s crypto news.
- One in six Australians surveyed now owns a cryptocurrency, with their holdings worth $ 8 billion, according to Finder Monitoring consumer sentimentdata from, used by Qualtrics. This is a nationally representative survey conducted each month of 1,000 Australians. The most popular cryptocurrency is bitcoin (BTC) with 9% of respondents currently owning it; 8% own ethereum (ETH), 5% own dogecoin (DOGE) and 4% own bitcoin cash (BCH). 35% of respondents say Bitcoin will ultimately be treated more widely than traditional currency.
- Japanese financial conglomerate SBI Holdings aims to launch the country’s first crypto fund by the end of November, Bloomberg reported. The fund could reach several hundred million dollars invested in coins such as bitcoin, ethereum, XRP, bitcoin cash, litecoin (LTC) and possibly others, said Tomoya Asakura, who oversees asset management for Japan’s largest online brokerage. He added that investors may need to invest a minimum of around JPY 1 million ($ 9,100) to JPY 3 million ($ 27,300) and that he will primarily target people who understand the risks. associated with crypto-assets.
- Regulated and licensed decentralized finance platform EQIFI announced new products supporting the Tezos (XTZ) blockchain ecosystem. EQIFI will offer Tezos staking and borrowing services to its global customer base, they said. EQIFI is powered by EQI Bank, a licensed and regulated digital bank, while its native EQX token allows community members to provide input on decisions such as listing and delisting assets and tokens, adjusting rates for market interest and modification of warranty limits.
- In the United States, non-farm payrolls increased by 235,000 jobs last month, the smallest gain since January, Reuters reported, adding that data for July has been revised up to show 1.053 million jobs. created instead of the 943,000 previously reported. However, wages rose 0.6% and fewer people experienced long spells of unemployment.
News from the exchanges
- Coinbase announced that its users in the UK will soon be able to earn staking rewards with Ethereum 2.0 (ETH 2.0), with a waiting list for the product launching this week ahead of its rollout in the near future. Staking allows customers to earn up to 5% Annual Percentage Rate (APR) per year by converting their ETH to ETH2 and staking their assets on Coinbase, they said.
- The Financial Sector Conduct Authority South Africa has warned the public “to be cautious and vigilant when it comes to Binance Group as they are not authorized to give financial advice or render intermediary services “in South Africa.
- Two bills that help cryptoassets and blockchain adoption are now law in Texas, United States: Texas House Bills 4474 and 1576 officially came into force on September 1. They were passed by both houses of the state legislature in May and were promulgated by Governor Greg Abbott. in June. HB 1576 establishes a blockchain task force in Texas, while HB 4474 amends the state’s Uniform Commercial Code to recognize crypto-assets under commercial law.
- The Nigerian securities regulator has set up a fintech division to study crypto investments and products in order to propose regulations, Reuters reported, citing Lamido Yuguda, the chief of the Security and Trade Commission (SECOND). He did not provide a timeline for the issuance of regulations, but said the SEC would intervene with the regulations once crypto is allowed into the Nigerian banking system.
- Cardano (ADA) launched the smart contracts feature on the blockchain testnet. This allows developers to start building decentralized applications, as well as testing them and their functionality, before they are officially deployed. “We have upgraded the Cardano testnet, successfully deploying the smart contract capability of Plutus,” said development company Cardano. Enter exit. “The focus is now on final component testing and interchange integrations, ahead of the Alonzo mainnet upgrade, which is still on track for deployment on September 12. “
- Large Russian banking and financial institution Sberbank seeks to register its digital asset issuance platform with the central Bank of Russia in mid-September, according to TASS. Anatoly Popov, deputy chairman of the board of Sberbank, reportedly said the company was continuing active consultations with the central bank on the appearance of the product, as well as its technical requirements.