The Scenius Sync (Issue #10)
Aussie's Fresh Take on Crypto, Tether Transparency, & Dapper's NFL All Day Is Live
Scenius: The intelligence and the intuition of a whole cultural scene. The communal form of the concept of genius.
Welcome to The Scenius Sync.
Our mission with this concise publication is twofold:
Share the essential stories driving the crypto industry and markets.
Highlight innovative applications and mainstream adoption of crypto and blockchain technology.
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Essential News 🗞
US Fed Opens Pathway for Crypto Banks to Tap Central Banking System
The U.S. Federal Reserve said it is publishing its final guidance for novel financial institutions to access its "master accounts," something these firms need to participate in the global payment system. This opens the door for fintech and crypto firms, which have previously encountered obstacles in applying for such accounts.
Coin Center prepares legal challenge to Treasury's Tornado Cash sanctions
Coin Center, a leading crypto-focused policy think tank, is prepping a challenge to the Treasury's sanctions on Tornado Cash. Coin Center argues that smart contracts cannot be sanctionable entities and that such a standard would be dangerous for coders worldwide.
Australia to Define Crypto in ‘Token Mapping’ Exercise
In Australia, the Labor government will undertake what it says is a world-first “token mapping” exercise — an attempt to define the various types of digital assets and bring them under an appropriate regulatory framework. The exercise will inform new rules on digital assets while attempting to shield consumers from extreme market volatility and educate them on possible pitfalls.
CME Group to Offer Market Participants Ethereum Options 3 Days Before the Merge
Three days before Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS), the world’s largest derivatives marketplace in terms of volume, CME Group, announced plans to list ethereum options.
Stablecoin Tether hires BDO Italia for monthly proof-of-reserve reports
Continuing a positive trend towards transparency, Tether announced it had appointed the accounting firm to complete attestations as to its reserves, and that it aims to publish the reports monthly rather than quarterly by the end of the year. BDO Italia is part of BDO Global, a top 5 accounting firm.
Innovation & Adoption 💡📈
Dapper Labs Opens NFL Version of NBA Top Shot NFTs to the Public
NFT collectibles platform NFL All Day is now open to the public after launching in closed beta in December 2021. NFL All Day offers NFTs based on video highlights, similar to Dapper Labs’ own wildly successful NBA Top Shot.
Wall Street Giant DTCC Launches Private Blockchain Platform to Settle Trades More Quickly
New York-based post-trade financial services company, The Depository Trust & Clearing Corp. (DTCC), which processes all trades in the U.S. stock market, has launched a private blockchain project aimed at settling trades more quickly for clients. “Project Ion” is now processing an average of over 100,000 equity transactions a day using distributed ledger technology.
Brazil's Largest Investment Bank, BTG Pactual, Launches Crypto Trading Platform
Called Mynt, the product allows customers to trade BTC, ETH, SOL, DOT and ADA.
Invesco Offers Investors Exposure to Metaverse with new $30 million Metaverse Fund
ETF Titan Invesco, which managed roughly $1.4 trillion as of June 30th, has launched an investment fund focused on all things Metaverse where it sees a particularly large opportunity in companies developing the infrastructure required for the space to reach its true potential.
Web3 lifestyle app Stepn is releasing an NFT sneaker collection in partnership with Spanish soccer club Atlético de Madrid and crypto exchange WhaleFin, the companies said Thursday. They are releasing over 1,000 digital soccer cleats compatible for run-to-earn and eligible for real world rewards.