PostFinance is preparing to launch new cryptocurrency-based financial services in Switzerland in 2024, to meet the needs of its clients seeking exposure to this new digital asset class. This and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
PostFinance to open up to cryptocurrency trading
📍Switzerland Post's financial services unit plans to create new cryptocurrency-based services by 2024. PostFinance, Switzerland's financial services arm, plans to embrace cryptocurrencies to offer a new range of crypto-related services to its customers in Switzerland.
PostFinance's head of retail banking, Sandra Lienhart, said the company wants to embrace cryptocurrencies to respond to the growing needs of its customers and users looking to explore the crypto world.
PostFinance will enable its clients to hold and trade Bitcoin and several of the most important cryptocurrencies on the market.
The new services the Swiss unit plans to offer its customers will be available in 2024, Lienhart said.
GameStop launches its NFT marketplace in beta
📍GameStop's NFT marketplace platform is now available in beta. The video game retailer has launched the beta version of its NFT marketplace platform, based on the Ethereum blockchain.
GameStop's new NFT marketplace, developed in partnership with blockchain startup Immutable X, uses Ethereum's second layer to guarantee users faster and more accessible transactions than on the main network.
Through the public beta, users can test and experiment on the new NFT marketplace platform.
Bitcoin miners save energy in Texas
📍Bitcoin miners halt operations in Texas to save energy in the face of a new heat wave. Texas, one of the most important states for Bitcoin mining in the United States, has asked businesses and residents to save energy to meet the current high demand, produced by the extreme temperatures that hit the region, up to 100ºC.
In response to the request, several cryptocurrency miners are temporarily halting their crypto mining operations so that the state can meet the demand of its residents.
Argo Blockchain, Riot Blockchain, and Core Scientific, which are among the largest BTC miners in Texas, have taken their mining equipment offline until further notice.
G20 working on global crypto regulation
📍The G20 Financial Stability Board will present a regulatory framework as a proposal to regulate cryptocurrencies. The G20 regulatory proposal will be presented in October this year, according to reported the organization.
The organization's new recommendations will help its member countries mitigate the potential risks of cryptoassets. The growth and expansion of these digital assets and the current turmoil in the crypto market, following the events of Terra/Luna, Celsius and Three Arrows Capital, are motivating governments and international bodies to get involved in the regulation of cryptoassets.
According to the G20 Financial Stability Board, the regulatory framework, which will be presented next October, will be based on the cooperation of different entities and organizations, in order to consolidate global crypto regulation.
In addition to the G20, the US and European governments are also working on formulating new international regulations and standards that will be applicable to the emerging cryptocurrency industry.
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