Global interbank communications network SWIFT wants to learn how the potential of digital assets can help drive development and innovation, at the SWIFT Hackathon 2022. This and more news in this handy daily digest to keep you up to date with the latest developments in the crypto world.
SWIFT, innovation and digital assets
📍SWIFT Hackathon 2022 is focused on digital asset innovation. SWIFT, the international communications network between banks and financial organizations, wants to explore the potential of digital assets to transform sectors.
Through its Hackathon 2022, which ends next September, SWIFT wants to delve deeper into this topic and has assigned the SWIFT Hackathon 2022 competitors several challenges related to digital assets.
According to the agenda, the challenges are focused on interoperability, traceability and ownership.
SWIFT noted that the introduction of new technologies can help to resolve a number of long-standing interoperability issues in the financial sector, as well as provide new systems that enable faster and lower-cost transactions, among other things.
In January this year, SWIFT had published a report on tokenized assets and a year ago, in July 2021, it announced the launch of a payment service to offer fast transactions in competition with cryptocurrencies.
Tesla has sold 75% of its bitcoins
📍Tesla's earnings report revealed that the company has sold about 75% of its remaining bitcoins. According to the recently filed report, $936 million worth of Bitcoin, which had been held on Tesla's corporate balance sheet since early 2021, was sold by the company in the second quarter of this year.
Tesla, the electric car manufacturer owned by Elon Musk, had invested $1.500 billion in Bitcoin at the beginning of 2021. However, during the first quarter of that year, the company announced the sale of 10% of its investment in the cryptocurrency.
Of the remaining bitcoins that the company still held, it was recently revealed that 75% of these were sold between April and June of this year. It is estimated that Tesla still owns about 10.000 BTC.
In May 2021, Musk had hinted that Tesla could sell your bitcoinsHowever, he also noted that the company would resume payments with BTC if at least 50% of the network's miners supported their operations with renewable energy sources.
Recently, the Bitcoin Mining Council revealed that nearly 59% of Bitcoin miners use green energy.
Criptoversity, an educational project about Crypto and Blockchain in Venezuela
📍The University of Carabobo will provide training on Cryptocurrencies, Blockchain and DeFi. In partnership with a local cryptocurrency platform, the University of Carabobo, located in Venezuela, will launch an educational project called Cryptoversity, with which it will provide education and knowledge to its students about new technologies.
Specifically, the new educational project will focus on cryptocurrencies, blockchain technology and decentralized finance.
Brazilians trust the security of digital wallets
📍Information services company Serasa Experian reported that more than 80% of Brazilians trust wallets. Serasa Experian published a study about the new relationship of Brazilians with payment methods. In this study, the company revealed that 87% of Brazilians consider digital wallets to be safe, while 67% revealed that they had used this type of wallet in the last 6 months.
According to the company, a large part of the Brazilian population has had positive experiences with digital wallets, thanks to the fact that they greatly facilitate the completion of transactions in an intuitive and reliable way.
Telefónica invests in the Gamium metaverse
📍Telefónica is reinforcing its commitment to the Metaverse and new technologies with an investment in Gamium. On Twitter, Telefónica has informed on an investment in the Spanish startup developing the decentralized social metaverse Gamium, in order to strengthen its commitment to technological development and continue to drive innovation.
In the shared post, Telefónica highlighted Gamium's technology, which allows its users to create avatars that are interoperable with other virtual worlds, in addition to the Gamium metaverse. This, the company indicated, allows users to build and represent their digital identity in a unique way.
Wayra Barcelona director Marta Antúnez said that investing in Gamium reinforces Telefónica's commitment to innovation and the development of a new, more decentralized Internet that empowers creators.
UK prepares to regulate stablecoins as a means of payment
📍UK Chancellor Nadhim Zahawi follows Rishi Sunak in introducing legislation to regulate stablecoins. Zahawi said stablecoins and new technologies can increase efficiency, transparency and resilience in the financial sector.
The UK's new chancellor, who took office earlier this month, is following in the footsteps of previous chancellor Rishi Sunak to regulate stablecoins as a means of payment in the country and drive innovation in new technologies in a secure manner.
Zahawi introduced a bill, entitled “Financial Services and Markets Bill”, before the UK Parliament, which includes the regulation of stablecoins as a technological innovation with the potential to improve the country's competitiveness in the markets.
The proposal also includes a provision to regulate so-called “digital settlement assets,” along with stablecoins.
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