NYCCoin, Cambridge on Tezos, Tether on Avalanche + More News


Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

__________

Adoption news

  • The NYCCoin is set to launch on Thursday, November 11, with the community-led proposal endorsed by New York City Mayor-elect Eric Adams. The New York-focused token is being launched by CityCoins, the same firm that provides the MiamiCoin.

Blockchain news

  • A new Cambridge center aims to bring together computer scientists and conservation scientists to build a decentralized marketplace for carbon credits and support global reforestation efforts. The Cambridge Centre for Carbon Credits (4C) – powered by the Tezos (XTZ) blockchain – has two primary goals, said the press release: to support students and researchers in the relevant areas of computer science, environmental science, and economics; and to create a decentralized marketplace where purchasers of carbon credits can fund trusted nature-based projects.

Exchanges news

  • Bullish, the crypto exchange subsidiary of Block.one, announced that its branch, Bullish Limited, obtained a distributed ledger technology license from the Gibraltar Financial Services Commission (GFSC). Block.one announced plans to build the exchange back in May of this year, which had by that time secured USD 10bn in funding.
  • Mercado Bitcoin, Brazil’s largest crypto exchange, reached an agreement with Brazilian energy trader Comerc to release two renewable energy tokens, Reuters reported. The first token will work as a cashback for Comerc customers who generate renewable energy through its distributed generation system, while the second will represent a certificate that documents electricity consumption from renewable energy sources.
  • Decentralized exchanges (DEXes) have grown massively since 2019, while the number of active exchanges regardless of type has dropped from 845 in August 2020 to 672 in August 2021, according to Chainalysis’ latest report. Large centralized exchanges, including derivatives, spot, fiat-to-crypto, and crypto-to-crypto, grew significantly in value received between August 2020 and August 2021, but large-size centralized exchanges still remain an important market player.
  • Crypto exchange Huobi has announced that they are adding Singapore to their list of restricted areas in order to comply with local regulations. Accounts of Singapore-based users will be closed on March 31, 2022, with services gradually phased out before that.

Leave a comment

Your email address will not be published.