Auction house Sotheby's is offering a collection of NFTs from the series of tokens given away by Twitter to its followers in the middle of this year, to benefit the organization Sostento. 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.
NFT and DeFi Markets
📍Sotheby's launches the largest NFT auction in its history. The British auction house announced the start of the auction of 7 NFTs gifted by Twitter to its followers in the middle of the year. The auction, titled «Gifted: The 140 Collection», will be held until November 30, to benefit the organization Sostento. In its web pageSotheby's highlighted that this is the largest charity NFT auction held in its history.
📍Morgan Stanley sees enormous potential for growth and development in the Metaverse. The American investment bank has spoken out in favour of the Metaverse, the new virtual worlds that could reach a market value of 8 trillion dollars, it said. Brian Nowak, managing director of Morgan Stanley, said that the Metaverse could emerge as the new Internet, giving rise to the development of advertising, e-commerce and much more, at a new level.
Morgan Stanley also pointed to the NFT as key elements to grow the market for luxury digital objects. According to its report, quoted by Business Insider, this market can reach $56.000 billion a year, thanks to non-fungible tokens in blockchainHowever, to unlock its true value, the Metaverse must offer something 10 times better than what the internet offers today, the bank's analysts said.
CBDC and Central Banks
📍The World Economic Forum (WEF) publishes new resources to regulate digital currencies. The WEF published a series of new documentsEntitled “Digital Currency Governance Consortium White Paper Series”, to address various issues related to digital currencies, specifically the stablecoins and CBDCAccording to the FEM, these new resources will help regulators, organizations, currency issuers and stakeholders identify and assess the potential of these assets, the value opportunities, risks and much more inherent to this rapidly growing digital ecosystem.
Development and Technology
📍Osprey Funds announces fund for NFT investment. Digital asset investment firm Osprey Funds announced which will launch an investment fund early next year to accelerate the development and deployment of non-fungible tokens, or NFTs, as drivers of true value for the web and culture. Osprey Funds is also creating a new division, called Osprey Alpha, in which it will integrate several unique, actively managed products and strategies to increase the value and opportunities for its private and institutional investors.
Rules and Regulations
📍FCA to invest in blockchain analytics training The UK Financial Conduct Authority (FCA) will invest half a million euros to train its staff in the use of tools that allow for forensic analysis in blockchain, in order to combat terrorism and crimes within the crypto industry. This was announced by the UK regulator, which opened a process of engagement to create a blockchain analytics platform for cryptoassets.
📍Jane Hume, a senator for the Commonwealth of Australia, says there are huge opportunities in Bitcoin and DeFi. During his participation in the summit Australian Financial Review, Jane Hume he pointed that the government should not fear the great opportunities that the crypto industry offers. According to Hume, Bitcoin and DeFi “They are an emerging and rapidly evolving area of financial technology, which presents enormous opportunities”, so the government should consider its acceptance and regulation.
“They are not a passing fad”, said the senator and also Australian minister, while pointing out that the government must act with caution in adopting this development, but never with fear.
📍Norway considers new regulatory measures to minimize the environmental impact of cryptocurrency mining. Bjørn Arild Gram, Norway’s minister for local government and regional development, said the country is considering imposing strong measures to address challenges related to crypto mining. According to a local outlet, the Norwegian government is concerned about the environmental impact of cryptocurrency mining, which it believes is consuming too much energy.
📍Hillary Clinton believes Bitcoin will displace the dollar as the world's reserve currency. Former US Secretary of State and presidential candidate Hillary Clinton fears that Bitcoin's potential could lead to it becoming the world's new reserve currency, displacing the US dollar. According to Clinton, the accelerated growth and development of Bitcoin and cryptocurrencies will weaken the current financial system and affect the stability of nations around the world. The former presidential candidate noted that BTC could displace the dollar and any other national fiat currency, especially in developing or crisis-affected economies. Clinton called on governments to act in light of the growing adoption of cryptocurrencies around the world.
These statements were made by Clinton during her participation in the Bloomberg New Economy Forum, held in Singapore.
Continue reading: Zcash publishes roadmap and announces plans to migrate to Proof of Stake
