Quote of the week: “When you specifically talk about crypto, it is going to be about discovery of products, whether it is physical or virtual inside, either the Metaverse or upfront, and then how people transact.”- Suresh Kumar, Global Chief Technology Officer of Walmart. Source: https://cointelegraph.com/
International Policy Featuring South Africa: The Financial Sector Conduct Authority issued a notice that declared cryptocurrency assets to be classified as financial products in South Africa. The change will take effect immediately and will fall under the Financial Advisory and Intermediary Services Act of 2022. Source:
Blockchain Moon Acquisition Merges with DLTx ASA in a $163.35M Deal: This week, Blockchain Moon Acquisition Corp. (NASDAQ: BMAQ) entered into a definitive agreement to combine with DLTx ASA, a Web 3.0 infrastructure builder and acquire substantially all of the assets of DLTx ASA. The transaction will allow DLTx to further invest in Web 3 infrastructure and further build its portfolio. Source:
Fair disclosure: Alpha Sigma Capital Fund, LP is an investor in Blockchain Moon Acquisition Corp.
Mastercard Launches Cryptocurrency Trading for Banks: On October 17, Mastercard announced that it will deploy its technology and launch a new program called Crypto Source to allow financial institutions to bring cryptocurrency trading and services to their customers. The program will be launched in partnership with Paxos, a company with which Mastercard already has an established partnership. Paxos will provide cryptocurrency asset trading and custody services on behalf of the banks and Mastercard will use its technology to integrate cryptocurrency trading into the interfaces of the banks. Source: https://cointelegraph.com/
Defy Trends Expands its Partnerships: Defy Trends has partnered with Tezos and The Graph and is furthering its partnership with Avalanche. Defy Trends partnered with Tezos to collaborate on data integration and strategic partnerships across the Tezos ecosystem. Defy Trends recently partnered with The Graph to further co-marketing initiatives; Defy Trends will support their expanding community through education, building courses, and content to attract and onboard users into the protocol. Source: https://www.defytrends.io/
Fair disclosure: Alpha Sigma Capital Fund, LP is an investor in Defy Trends.
Fidelity Adds Ether Trading to its Cryptocurrency Platform: Last week, Fidelity launched its new Ethereum Index fund for accredited investors; and, this week, Fidelity added Ether trading to its crypto platform for institutional investors. This move is the most recent step to make cryptocurrency available to Fidelity’s institutional investors. Institutional investors will be able to trade ether (ETH) starting on October 28. Source: https://www.coindesk.com/