4C Newsflash of August 28

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Market Cap at 2:46 (UTC) – $264,408,874,968 billion 

Bitcoin dominance: 68.9% 

BTC $10,181 (+0.37%

ETH $187.47 (+0.36%

XRP $0.267225 (-0.27%

Telegram to launch TON 

According to New York Times, Telegram will launch their token, Gram on October 31st. Per the article, the token will operate with similar decentralised structure to BTC. Moreover, the news was shared by 3 anonymous investors. On another note, Forbes recently reported that Telegram could launch Button Wallet allowing users to store BTC, ETH and LTC. Users who activate the wallet can receive 6.6 testnet grams on the account. However, official release date hasn’t been revealed.

Alibaba, Tencent and Union Pay become the first to receive Chinese government crypto

Forbes recently reported that the Chinese government would send out its crypto to seven different entities including Alibaba, Tencent and Union Pay. Per the report, China has been ready its crypto since last year and may launch in November 11th. However, the details about the other four institutions haven’t been disclosed.

Binance to launch futures trading 

In the recent AMA on Twitter, the CEO of Binance, Changepeng Zhao said that Binance would soon have a futures trading platform which could be launched in September.

Central Bank of Brazil adopted IMF crypto guide

Banco Central Do Brasil recently announced that they have adopted IMF guide for crypto classification. Per the article, cryptocurrencies will not be considered as financial products, thus making them accounted as goods in central’s bank balance sheet.

Australian Securities Exchange will blockchanize its systems

Australian Securities Exchange will blockchainize their registry, settlement and clearing system in 2021, according to the official statement. ASX has signed a MOU with Digital Asset (DA) and VMware to develop DLT in Australia and New Zealands. Under the MOU, DA and VMware will support ASX to develop alternatives to replace ASX equities clearing and settlement system, DAML (open source smart contract language),etc

 


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