Another week, another crypto recap. Here are the five stories that shaped the industry this week.
Visa Bets on Blockchain Privacy as It Joins the Canton Network. Visa established membership in the Canton Network to develop blockchain systems that protect institutional financial transactions through privacy-focused technology.
Saylor Keeps Buying Bitcoin, Even as Losses Mount. Michael Saylor maintained his Bitcoin buying activities because he wanted to build his long-term investment position despite experiencing unrealized financial losses.
Australia’s Central Bank Sees $16.7B Upside in Tokenization.The Reserve Bank of Australia demonstrated how tokenization can unlock $16.7 billion in economic value through its ability to create more efficient financial markets.
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Bo Shen Launches Massive Bounty to Recover $42 Million Stolen Crypto. Bo Shen who invests in cryptocurrency created a reward program to find and retrieve 42 million dollars in stolen digital assets while seeking help from international investigators and blockchain experts.
ECB Pushes the Digital Euro Forward With Focus on ATMs and Payment Terminals. The European Central Bank moved forward with its digital euro development efforts which will enable people to use the digital currency at ATMs and stores for making payments.
The current week established a strong trend of institutional activity because major global payment companies and central banks expanded their blockchain activities while cryptocurrency traders managed their investment risks.
