Jon Cunliffe, deputy governor of the Bank of England, considers regulating cryptocurrencies and issuing a digital pound to protect investors and promote responsible innovation. This and more news in this practical summary daily so that you are always informed with events most recent that occur within the crypto world.
The fall of FTX increases the interest of the Bank of England in crypto regulation
📍The Bank of England considers cryptoregulation and the issuance of a digital pound necessary. During his participation in the conference on DeFi and digital currencies of the Gilmore Center Policy Forum at Warwick Business School, the deputy governor of the Bank of England (BoE), Jon Cunliffe, highlighted the need to include cryptocurrencies within the regulatory frameworks and analyzing the issuance of a digital pound.
Cunliffe reflected on the fall of FTX and its impact on investors, arguing that cryptocurrencies need to be included in regulation to ensure greater protections for consumers, users and investors and to promote innovation in a responsible manner. Regarding the creation of a digital version of the pound, its national currency, the deputy governor of the BoE indicated that its issuance could benefit the payment system, especially given the constant growth of digitalization in society and the reduction of cash.
The United Kingdom is currently studying a bill, titled the Financial Services and Markets Bill, that seeks to regulate cryptoassets as financial instruments, CoinDesk noted. In addition, this bill under study also seeks to give United Kingdom financial regulators greater power and control over companies that are part of the crypto ecosystem.
Bitcoin mining difficulty at new ATH
📍Bitcoin mining difficulty continues to rise and reaches a new all-time high. According to Coinwarz data, Bitcoin mining difficulty has reached a new ATH or all-time high of 36,95 trillion (T), its highest point in the entire history of cryptocurrency.
Source: Coinwarz
In the last year, this metric of the Bitcoin network has had a growth of 37%. As we have explained in this medium, Bitcoin mining difficulty is a unit of measurement that refers to how difficult it is to solve the complex mathematical processes required to extract a new block on the blockchain in the time established by the protocol.
The network's mining difficulty is automatically adjusted every 2.016 mined blocks, according to the existing hash power. According to the same platform, the current Bitcoin hash rate is 234,95 EH/s
Cristal commemorates its 100 years with a collection of 100 NFT tokens
📍A Peruvian beer maker launched an NFT collection to celebrate its centenary. The Cristal company, founded in 1922, has launched a collection of 100 NFTs that commemorate its 100 years in the market. Each of the NFT tokens that make up the Cristal collection is inspired by the brand's badges, which “reveal” each of the years and decades that the company has been providing experiences to its consumers and users,
The brand manager of the Peruvian company, Daniel Villarán, highlighted that NFTs are an innovative technology that allows them to connect the history and traditions of Cristal, from its birth to the present day. According to Villarán, the brewery wants to be at the forefront of new technological innovations, while maintaining its essence forever.
15 NFTs to be auctioned at Christie's at The Gateway 2022
📍Christie's will auction 15 NFT curated works on its digital marketplace later this month. The London auction house will auction 15 exclusive curated works of art in NFT format on its non-fungible token marketplace platform on November 29. The works are by some of the most prominent artists in the crypto space, such as Cath Simard, Dave Krugman, Cory Van Lew, Sasha Stiles, Elf J Trul, among others.
The exclusive NFT art auction will be held during the event dedicated to non-fungible tokens The Gateway 2022, which starts from November 29 to December 3 in the city of Miami, United States. Although the event will be in-person, attendees will be able to interact with the digital works through Christie's on-chain NFT marketplace, called Christie's 3.0.
Lindt launches its first 3D store in the metaverse for the United States
📍The Swiss company Lindt is opening its first online store in the metaverse for the United States. Lindt has partnered with technology company ByondXR to make its entry into the virtual world. Through its virtual store, Lindt consumers will be able to enjoy and purchase various traditional and modern delicacies from the chocolate shop. Lindt is one of the best-known and most prestigious chocolate manufacturers in the world.
ByondXR has served as a gateway to the metaverse for several global companies and brands across industries, including NARS Cosmetics, Procter & Gamble, L'oréal, Coca-Cola, Calvin Klein, Armani, Lancome, and several others. ByondXR was founded in 2016 with the goal of helping brands and companies from all industries enter the new virtual world.
Continue reading: Charles Hoskinson introduces Midnight, a network designed for data privacy
IMPORTANT: The content of this article is for informational purposes only and, in no case, what is written here should be taken as investment advice or recommendations. Bit2Me News reminds you that before making any investment you should educate yourself and know where you invest your money, as well as the pros and cons of the system. We separate ourselves from the actions and consequences that ignorance may entail. If you decide to invest in this or another asset class, you are solely responsible for the consequences that your decisions and actions may have.
