Author: Editorial Office CVJ.CH

The city of Lugano’s payment app “MyLugano” welcomes Polygon, another blockchain network that extends its functionality to NFTs.

What happened this week in the world of blockchain and cryptocurrencies? Current events and background reports in the weekly review.

This week, the development team behind the leading NFT marketplace “Blur” introduced its own Layer 2 network, “Blast”. In just a few days, users have deposited over $370 million into the protocol to benefit from a future token airdrop.

The newly elected president of Argentina, Javier Milei, could use his sympathy for Bitcoin to support the cryptocurrency on a national level.

Liechtenstein-based cryptocurrency exchange Bittrex Global will cease operations. Trading suspensions start as soon as December 4th.

The canton of Zurich has issued its first bond that can be settled with digital central bank currency (CBDC) through the SIX Digital Exchange (SDX). The issuance is part of the Swiss National Bank’s (SNB) Wholesale CBDC pilot project.

In a recent development, the Securities and Exchange Commission (SEC) has once again taken legal action against cryptocurrency exchange Kraken.

The US Department of Justice is demanding more than 4 billion US dollars from Binance to settle a multi-year criminal case.

Bitcoin (BTC) has posted a green weekly close for five consecutive weeks. Such a pattern was last seen during the 2021 summer rally.

What has been happening around Blockchain Technology and Cryptocurrencies this week? The most relevant local and international developments as well as appealing background reports in a pointed and compact weekly review.

The German Federal Financial Supervisory Authority (BaFin) has granted Commerzbank a licence for the custody of crypto assets.

The video gaming giant Boyaa Interactive is set to acquire a total $100m worth of Bitcoin (BTC), Ether (ETH) and stablecoins.

This week marked the 7th consecutive week of positive inflows into crypto asset investment products, totalling $1.14bn.

Due to the structure of Grayscale trusts, substantial premiums exist for Filecoin, Solana, Decentraland and others.

What has been happening around Blockchain Technology and Cryptocurrencies this week? The most relevant local and international developments as well as appealing background reports in a pointed and compact weekly review.

BlackRock is taking the first step towards listing a spot-based Ether ETF (iShares Ethereum Trust) ahead of the approval of its Bitcoin fund.