A whole day’s news roundup: the latest news 08/12/21-

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Let’s see it first Cryptocurrency nothing is impossible. We try to report the most important news in the crypto industry to keep you ahead of the competition. Take a look:

NASDAQ Stockholm lists bitcoin and ether exchange trading bills

NASDAQ Stockholm lists bitcoin and ether exchange trading bills

Known as a first-class stock exchange portal, making global transactions frictionless, Nasdaq Stockholm Two physical-backed exchange-traded notes (ETN) from 21Shares have been listed on its ecosystem. The two instruments listed on the exchange will use Bitcoin (BTC) and Ether (ETH) as basic assets, and will become 21Shares’ first ETN venture capital. ETN acts as an unsecured debt security, tracking the underlying index of stocks and investments in top exchanges.

According to the official announcement, the newly launched ETN products will enrich traders and seamlessly obtain potential investment opportunities in the crypto industry. Most banking institutions and brokerage portals allow traders to trade all ETNs supported by the Nasdaq exchange.This launch will open the door to new investment opportunities for investors who want to invest in cryptocurrencies without falling into unregulated Encrypted exchange channel.

Helena Wedin, head of Europe for NASDAQ exchange-traded products, said that exchange-traded notes (ETN) help users trade encrypted assets with complete transparency and security in a regulated industry. The team is pleased to collaborate with 21Shares to launch new products on Nasdaq Stockholm.

In recent years, the cryptocurrency boom has been in full swing and has witnessed a surge in investor sentiment. Despite the slow progress of the industry recently, cryptocurrency enthusiasts continue to place big bets on digital tokens. One of the main reasons for this growth is the continuous expansion of institutional investment across the industry.Recently, VanEck launched Solana with polka dot ETN on Deutsche Börse Xetra. Increased investment by crypto institutions may also pave the way for the launch of ETN on other exchanges.

Gemini partners with Colombia's largest bank for crypto transactions

Gemini partners with Colombia’s largest bank for crypto transactions

Gemini is a top cryptocurrency exchange known for providing high-tech trading services to crypto enthusiasts. It has signed an agreement with Bancolombia, recognized as the largest banking entity in Colombia. Through this cooperation, Gemini looks forward to building a strong influence in the rapidly growing encryption industry in Latin America.The transaction will take effect on December 14 and will allow Bancolombia customers to Crypto token Namely Bitcoin, Ethereum, Litecoin and Bitcoin Cash.

According to the report, a limited group of users will be allowed to purchase cryptocurrency directly from their Bancolombia official account through the Gemini exchange. The exchange will provide the necessary infrastructure for the seamless exchange and custody of encrypted assets. The team has yet to disclose any specific information about the withdrawal procedures that customers may receive.

The cooperation with Bancolombia can be regarded as an important strategic step for Gemini Exchange to promote its expansion plan in the territory of Latin America. The team believes that cryptocurrency can play a key role in the development of the region. It sees Latin America as a hotbed for the expansion of blockchain and innovative technologies.

The transaction will be an important part of a one-year pilot project operated by the Colombian financial regulator Superintendencia Financiera de Colombia (SFC). In order to promote the expansion of cryptocurrency, the Ministry of Finance and the Ministry of Public Credit adopted a regulatory sandbox called “la Arenera” in September 2020. In addition, in January, the China Securities Regulatory Commission announced the name of 9 of the 14 exchanges that applied for the project. The list includes names such as Binance, Gemini, and Bitso.

Following in the footsteps of El Salvador, Latin America is making a lot of efforts to expand investor adoption of cryptocurrencies. In October, Uphold CEO JP Thieriot stated in an interview that Latin America may benefit the most from the expansion of cryptocurrencies. The region has the world’s third-largest crypto user community, which makes it a budding place for a fast-paced industry.

OpenSea plans to go public.The user is angry

OpenSea plans to go public.The user is angry

Proud to be recognized as a well-known P2P market for NFTs, digital products and encrypted collectibles, Outside sea Brian Roberts has been hired as its chief financial officer. After serving as the CFO of the popular ride-hailing app Lyft, Brian has moved to OpenSea to explore the fast-growing non-fungible token industry. This is the first time in the history of the NFT giant OpenSea that a CFO has joined its team.

While talking to the news portal, Brian Roberts shared his excitement about the new journey he is about to embark on. Roberts has also worked with top US commercial entities including Microsoft and Wal-Mart. With long-term work experience in multiple fields, Brian may help OpenSea in various operational levels. The CEO stated that OpenSea is a well-known project and will conduct an initial public offering to expand its market share.

Although Brian seemed to be satisfied with OpenSea’s future plans, the crypto community did not happen to feel the same and responded fiercely on multiple social media. Some netizens argue that choosing the IPO route involves the entry of investment banks and stock exchanges. This process does not satisfy the concept of decentralization that forms the foundation of the encryption industry.

Some users questioned that OpenSea chose to IPO and did not issue its own governance token. It is believed that governance tokens will help users control the company’s future plans in some way. However, due to the strict regulatory framework implemented by the US authorities, it is not easy to launch governance tokens. Although NFTs have been growing in piles recently, OpenSea’s launch of an IPO is not certain whether it will succeed. The uncertainty surrounding cryptocurrency has always been the main discussion point for investors who advocate its supremacy of traditional investment tools.

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