Another big week of events last week so let’s check out the news. Before we do jump into it, we announced our latest monthly meetup (and first for the year) for January 31st. It’ll be online and connect our different cities and we’ll be working out real-world events for the year soon as well. Here’s the meetup from our Sydney page but it’s on all of our meetup pages across Melbourne, Perth, Brisbane, Adelaide, Canberra, Newcastle.
https://www.meetup.com/australian-defi-association/events/298436488/
SEC's Twitter Hack Reveals Vulnerabilities in Crypto Communication
Read the Full Story: https://stockhead.com.au/news/market-highlights-sec-approves-these-11-bitcoin-etfs-overnight-and-5-small-caps-to-watch-today/
In an unexpected twist, the U.S. Securities and Exchange Commission (SEC) became the center of attention in the crypto world. Initially, news broke about the approval of 11 Bitcoin ETFs, causing a buzz among enthusiasts. However, it was soon uncovered that the SEC's announcement was the result of a security breach, highlighting the fragility of digital communication in the crypto space.
The Tweet That Became a Bitcoin Ordinal
Explore More: https://decrypt.co/212226/fake-sec-gensler-tweet-inscribed-bitcoin-ordinals
Amid the chaos, the infamous tweet announcing the ETFs found a new form of immortality by being inscribed as a Bitcoin ordinal. This event not only adds a quirky chapter to Bitcoin's history but also exemplifies the innovative ways in which blockchain technology can be utilized.
Coinbase Offers a Helping Hand to SEC
See the Offer: https://twitter.com/SecurityGuyPhil/status/1744923073315582052
In response to the SEC's security woes, Coinbase's CSO extended an offer to assist with improving their cybersecurity measures. This gesture of support reflects the collaborative spirit within the crypto community, even towards regulatory bodies.
Eric Balchunas: The Voice of Clarity in ETF Chaos
Hear from the Expert: https://twitter.com/EricBalchunas/status/1745186369087877404
In the midst of confusion and misinformation, Eric Balchunas emerged as a reliable source for ETF-related updates. His insights provided much-needed clarity to investors and enthusiasts alike, underscoring the importance of credible voices in the crypto ecosystem.
David Tuckwell: Unpacking the Impact of SEC's Bitcoin Decision
Insightful Analysis: https://www.linkedin.com/pulse/what-secs-bitcoin-decision-means-australia-david-tuckwell-uhe0c?utm_source=share&utm_medium=member_android&utm_campaign=share_via
David Tuckwell, an ETF expert, delves into what the SEC's decision means for Australia. His analysis offers a global perspective on the implications of Bitcoin ETFs, highlighting the interconnectedness of the crypto market.
Steve Vallas: A Balanced Take on Market Sentiment
Steve Vallas provides a thought-provoking perspective on the market's reaction to recent events. His commentary reflects the diverse sentiments within the crypto community, from skepticism to enthusiasm.
Innovation in Banking: Blockchain for Wholesale Deposits
Discover More: https://www.afr.com/companies/financial-services/blockchain-comes-to-bank-wholesale-deposits-in-bid-to-slash-costs-20240109-p5ew4f
The Digital Finance CRC is pioneering the use of blockchain in wholesale bank deposits. This initiative marks a significant step towards integrating blockchain technology in traditional banking systems, potentially revolutionizing the sector.
PayPal's Stablecoin Gains Traction on Curve
Read About the Development: https://www.coindesk.com/markets/2024/01/10/paypals-stablecoin-part-of-third-largest-liquidity-pool-on-curve/
PayPal's foray into the stablecoin market is gaining momentum, as evidenced by its presence in Curve's third-largest liquidity pool. This highlights the increasing interest of mainstream financial services in the crypto space.
Bankless Podcast Features Robert Breedlove
Join the Conversation:
The Bankless podcast continues to engage with prominent figures in the crypto world, this time featuring Robert Breedlove. His insights add depth to the ongoing discourse on blockchain and its potential.
KWM Sheds Light on Hong Kong's Stablecoin Regulation
As the crypto landscape evolves, so does the regulatory environment. A recent article by KWM explores Hong Kong's proposed licensing and regulatory regime for stablecoin issuers, offering crucial insights into the future of crypto regulation.
Stay tuned for more updates and insights in the ever-evolving world of blockchain and crypto. Here's to an exciting and prosperous year ahead in the digital frontier!
Mark Monfort, Chain Reaction Editor, Australian DeFi Association / NotCentralised
About Aus DeFi Association
The Australian DeFi Association (Aus DeFi) is a non-profit community organization dedicated to increasing education and awareness of blockchain technology, specifically decentralized finance (DeFi) and web3-based projects. Their goal is to empower the Australian community with the knowledge and tools to participate in the decentralized economy, and to promote the adoption and growth of blockchain technology in Australia. They strive to provide a more grassroots approach to promoting blockchain technology compared to other industry-focused organizations in Australia, and to provide a platform for community members to learn about and engage with this emerging technology.
You can watch our recorded meetups and interviews here on YouTube: https://www.youtube.com/@ausdefiassociation3956/videos
Sponsors
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