RABIT Weekly news (W4 Mar 2022)

RABIT -
  • HSBC enters metaverse through partnership with The Sandbox to engage with sports, e-sports and gaming fans
  • U.S. Congressional blokchain task force criticizes SEC’s abuse of authority over cryptocurrency institutions
  • High officials in Indian Ministry of Finance have no plans to allow transactions in crypto and are working to introduce digital rupees
  • New report from Dacxi reveals more than 57% are avoiding investing in crypto simply due to a lack of education in a survey of 5,000 Australians and Brits
  • Li Finance protocol loses $600,000 in latest DeFi exploit,. all transactions disabled
  • Energy firms seeking high margin profits become emerging power in virtual currency mining
  • Matthew Schultz, chairman of Cleanspark: “It costs us about $4,500 at our company’s own facilities to mine a Bitcoin at today’s price; that is a 90% margin”
  • Blockchain Week Conference in Australia
  • In attendance: Visa, Macquarie Group, Commonwealth Bank, JP Morgan, etc.
  • “Retail demand for cryptocurrency is still high”
    • “Consumers are demanding that financial institutions provide more diverse cryptocurrency-related services”
    • Sophie Gilder, Head of Blockchain and Digital Assets at Commonwealth Bank of Australia (CBA): “We plan to double the size of our blockchain team in months to come”
    • FTX to launch services Sydney and start trading shortly after acquiring the Australian Financial Services License (AFSL)
    • Plans to offer transaction services such as options, futures, CFD, leverage tokens, etc. as well as spot transactions
  • Goldman Sachs and UK FCA have established a new digital assets team and are on the search for talent to lead these departments
  • Galaxy Digital Holdings facilitates first over-the-counter (OTC) crypto transaction with Goldman

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