The biggest crypto news and ideas of the day Sept. 10, 2021 Sponsored by Welcome to The Node.
If you were forwarded this newsletter and would like to receive it, sign up here.
Questions? Feedback? We'd love to hear from you! Simply reply to this email.
–Daniel Kuhn
Today's must-reads Top Shelf BIG SPENDERS: The Algorand Foundation has launched a 150 million ALGO (US$300 million) fund to support DeFi innovation on the Algorand network. Meanwhile, the Harmony Foundation is allocating more than $300 million in the network’s ONE token over the next four years to attract projects away from Ethereum.
DIGITAL ASSETS: Swiss stock exchange SIX has been given regulatory approval to launch an exchange and depository for digital assets by Swiss financial regulator FINMA. It is not clear yet exactly which digital assets will be supported, though SIX’s initial announcement three years ago made reference to tokenizing traditional securities.
EURO ADOPTION: The European Securities and Markets Authority published a report on financial trends and risks last week that called cryptocurrencies “volatile” but “innovative.” Meanwhile the U.K.’s Post Office will next week start offering users the ability to purchase crypto through its identity-verification service, EasyID.
A message from Nexo When it comes to buying, borrowing or earning on your crypto, you won’t find an easier, safer way to do it than Nexo.
And right now, with its Referral Program you can earn $10 worth of bitcoin for each friend you refer. And the best part – your referral gets $10 in BTC, too.
You can invite up to 100 friends – so you can get as much as $1,000 in bitcoin by copy-pasting a few links. And you can further bump that amount by earning up to 8% interest p.a. on your bitcoin, paid out daily.
Now is the time to unlock the full power of your crypto.
Overheard on CoinDesk TV... Sound Bites "I don't necessarily think applying 80-year-old laws to these kinds of dynamics are really the best way that government can promote innovation wealth creation and access to financial inclusion."
–Former CFTC official Brian Quintenz on the regulatory girdlock in the U.S., on CoinDesk TV’s “First Mover.”
What others are writing... Off-Chain Signals
Introducing Crypto for Advisors, a weekly newsletter built specifically for financial advisors (FAs) and registered investment advisors (RIAs) who seek to incorporate this rapidly moving asset class into their work. Subscribe today.
Sponsored Content
Huobi: Building the Blockchain Business of the Future
The trillion-dollar tech giants of the future will likely come from the world of crypto. Blockchain and encrypted assets are revolutionizing industries worldwide. By operating in a new world with no borders, their applications are transforming many aspects of the old regime.
Putting the news in perspective The Takeaway Bukele’s MS-13 Double-Bind Among the reactions to El Salvador’s adoption of bitcoin as legal tender, which became official this week, has been concern about Salvadoran President Nayib Bukele’s relationship with the country’s violent gangs. Those gangs, including the California-bred group MS-13, have made El Salvador one of the most dangerous places in the world.
The problem for Bukele is that negotiating with the gangs is viewed with suspicion by both the Salvadoran public and, it seems, the international community. Domestically, Bukele has officially denied negotiations and instead claimed the drop in murders is the result of a militarized “Iron Fist” approach to the gangs. That approach is much more popular with the Salvadoran public than any sort of negotiations, Breda told me – even though there’s no evidence that military force is an effective solution to the complex social and economic failures underpinning the gang situation.
–David Z. Morris
The Chaser...
The Node A newsletter from CoinDesk Copyright © 2021 CoinDesk, All rights reserved. 250 Park Avenue South New York, NY 10003, USA You can manage your preferences here or unsubscribe from all CoinDesk email. |