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Here are top 5 crypto news for the day.

 

SBI Offers XRP as Gratuity For Obtaining Tokens in Its Upcoming STO

 

SBI, a major Ripple partner in Japan, has recently offered gratuity payouts in XRP to its customers if they take part in the new STO of the company. The Chief of the SBI group, Yoshitaka Kitao, has recently shared a link to the press release of the firm regarding the new offering of the SBI partly related to XRP.

In addition to this, the firm will be providing a bonus in XRP to its investors, the quantity of XRP given away will be equal to the number of digital securities bought by each investor. 

 

UAE About to go Live With Trade Connect to Oppose Imposters Probability

 

UAE is all set to go live with a blockchain-based trade finance platform, Trade Connect to Counter Fraud Risks. The focus initially is on cutting down under-invoicing and then taking on money laundering.

The UAE Trade Connect brings together Etisalat, the telecom giant, and a consortium of seven leading local banks, led by the First Abu Dhabi Bank, FAB. 

The Head of the Trade Connect, Zulqarnain Javaid said:

“It will be a game-changer for the trade finance space.” “But e-invoicing will need us to work with multiple partners,” He added.

 

 

CME Group Has No Plans On Launching Dogecoin Futures

 

CME Group has no plans on launching a Dogecoin futures product. The confirmation comes following rumors of First Squawk tweeting that the trading platform is launching a futures product based on the Shiba-Inu meme-based cryptocurrency. 

The staff of CMR has also noted that CME has never updated them on such a product. A transaction executive added on the matter:

“No one from CME had asked us about it. Usually, they give us a look

 

Central Banks of China Now Calling Bitcoin an Investment Alternative

 

The Central Bank of China, BOAO, is now addressing Bitcoin as an investment alternative along with marking a notable shift in the tone of Beijing’s tone. 

The deputy governor of the PBOC, Li Bo, revealed on Sunday during a panel that was hosted by CNBC at the BOAO Forum for Asia said: “We regard Bitcoin and stable coin as crypto-assets … These are investment alternatives.”

 

Coinbase CEO sell $291.8 Million in Shares The First Day

 

Coinbase CEO Brian Armstrong sold approximately $292 million in shares on the first day of trading on cryptocurrency exchange Nasdaq. CEO Armstrong has sold 749,999 shares in the three batches, with prices ranging from $381 to $410.40 per share. The total proceedings are $291.8 million.

The Coinbase stakeholders and investors sold around $5 billion in shares in total during the first day of trading. In another filing, it was said that venture capitalists and the director of Coinbase Frederick Wilson sold 4.70 million shares for proceeds of $1.82 billion. 

 

 

 

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