• Vodafone confirms rumors of Cardano NFT plans
• New Zealand central bank calls for ‘increased vigilance’ for crypto not regulation
• CME Group to offer Ether/Bitcoin ratio futures in July
Vodafone Confirms Rumors of Cardano NFT Plans
Vodafone has confirmed rumors and speculation that it is planning to launch a Non-Fungible Token (NFT) platform based on Cardano. The telecommunications giant hinted at the possibility of entering the blockchain space in March, but this marks the first time that it has officially acknowledged its plans.
CME Group to Offer Ether/Bitcoin Ratio Futures in July
The Chicago Mercantile Exchange (CME) Group is set to launch an Ether/Bitcoin ratio futures contract in July 2021. This will enable traders to gain exposure to both digital assets at once without having to buy them separately or buy into a fund. This move is seen as a major milestone for the nascent cryptocurrency industry as larger, more established institutions start offering digital asset products.
New Zealand Central Bank Calls For Increased Vigilance For Crypto Not Regulation
The Reserve Bank of New Zealand (RBNZ) is increasing its monitoring of cryptocurrencies and stablecoins, but is not taking any further regulatory steps at this time. RBNZ director Ian Woolford said that effective crypto regulation requires global harmonization which isn’t possible yet due to differences between countries‘ legal systems and market structures. He added that while there are risks associated with cryptocurrencies, increased data and monitoring would help build understanding.
Fidelity Reapplies For Spot Bitcoin ETF Despite 2022 Rejection
Financial services firm Fidelity Investments has reapplied for a spot Bitcoin exchange-traded fund (ETF). The firm had previously applied for such an ETF back in 2022 but was rejected by the US Securities and Exchange Commission over concerns about investor protection and market manipulation. Fidelity now believes that surveillance agreements with U.S.-based exchanges will help address those issues and pave the way for approval this time around.
Revolut Delists Cardano, Polygon, And Solana In US Market
UK-based fintech company Revolut has delisted three popular cryptocurrencies from its app in the United States: Cardano, Polygon, and Solana. According to Revolut’s blog post announcing the delisting decision, it was made due to “regulatory uncertainty” surrounding these tokens in some U.S. jurisdictions; however, customers can still purchase them via other avenues within Revolut’s platform outside of the U.S..