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Happy Thursday! 

Wow, a lot has happened these few weeks! 🔥 It's already been thirteen years since Satoshi Nakamoto released the Bitcoin Whitepaper and on top of that Bitcoin and Ethereum have reached their all time highs, once again. 

On the more regulatory side of things, the U.S. government unveiled a plan on how to regulate stablecoins and in the Netherlands 25 million euros in cryptocurrencies have been seized by the Dutch public prosecutor. 😱

In other news, the trading app Robinhood has experienced a data security breach, MasterCard decides to partner-up again and the CEO of the world's second-most valuable company Apple, Tim Cook, makes an interesting statement.

Read below to find out what else is happening in the crypto world! 🚀

Enjoy! 🤩

"I think you're going to see a big difference between crypto companies trying to make a game, and gaming companies trying to introduce crypto. Frankly, it's hard to make an engaging video game." 

- Sam Bankman-Fried

🏦 Commonwealth Bank (CBA) has announced its strategic partnerships with global crypto leaders Gemini and Chainalysis and that it will become Australia's first bank to offer customers the ability to buy, sell and hold crypto assets, directly through the CommBank app. 

🍎 Apple CEO Tim Cook said he personally owns cryptocurrency and had been interested in crypto for a while from a personal point of view. He dismissed suggestions that Apple might take cryptocurrency in exchange for products as tender or buy it with corporate funds.

😵 In a presentation made during the Singapore Fintech Festival, Annerie Vreugdenhil, chief innovation officer of ING, announced the firm is working on a trial of its DeFi peer-to-peer lending protocol with the Dutch Authority for the Financial Markets (AFM).

🇳🇱 The Dutch criminal investigation unit and the public prosecutor have seized more than 25 million euros in cryptocurrencies in a months-long investigation into money laundering. The digital wallets with coins such as Bitcoin and Ethereum of dozens of suspects have been seized.

📝 It's been thirteen years since pseudonymous Satoshi Nakamoto released the Bitcoin Whitepaper. In just 13 years, the Bitcoin network and the cryptocurrency have grown to unprecedented levels.

😎 Ravendex offers the first crypto asset lending and borrowing platform on the Cardano blockchain that allows smart contracts to deposit and collect interests from assets using a set of pre-defined rules.

🇦🇺 The Australian Securities and Investments Commission (ASIC) published guidance detailing regulatory requirements for funds waiting to offer crypto ETPs, including ETFs and structured products. The guidance is designed to ensure not only investor protection but also increase transparency.

💳 Mastercard partners with leading digital currency companies across the Asia Pacific region to launch the region's first crypto-linked payment cards. The partnerships makes it easier for consumers and corporates to spend cryptocurrencies on physical or digital Mastercard payment cards.

🔝 A genuinely revolutionary milestone in remittance costs (the personal transfers sent home by migrant workers) can ben established by Bitcoin's Lightning Network

🤑 According to a new report form CoinShares, with seven weeks left in the years there's already been more institutional money invested in digital assets in 2021 than in all of 2020. 

🚫 The popular crypto-friendly trading app Robinhood announced recently that it experienced a data security breach on November 3, 2021. The incident gave the attackers access to personal information belonging to millions of users of the platform. 
⚖️ A highly anticipated federal report of the U.S. government unveiled a much-awaited plan to address one of the most pressing issues in de realm of cryptocurrencies: how to regulate stablecoins. If you want to read the entire report, please click on the link in the article. 

🤖 An essay about why you should care about Taproot. This essay leverages the technical resources that came before Taproot to enlighten the broader implications of what is arguably the most significant upgrade to Bitcoin yet. 

🆙 The Financial Action Task Force (FATF) updated its guidance for a risk-based approach to virtual assets and virtual asset service providers. The FATF standards require countries to assess and mitigate their risks associated with virtual asset financial activities and providers.
💰 NFT artist Beeple sells latest work for $29 million at auction.

💥 Developers behind Ethereum-Solana Bridge raise $40M in token sale.

📈 Softbank and Alphabet join $700M investment in Digital Currency Group, valuing DCG at $10B.

✨ Reddit co-founder and Solana Ventures team up on $100M Web 3.0 social media initiative.

🎮 Mythical Games has raised $150 million in funding from Andreessen, NFL and Michael Jordan.


Postscript

Thank you for reading the latest edition of the Watsonlaw newsletter. If you have any content-related recommendations or news you'd like us to share for next time, please don't hesitate to reach out to info@watsonlaw.nl or even better, directly connect with our team members Willem-Jan Smits and Jorie Corten. To stay up to date with all our updates and connect with our team, follow Watsonlaw on LinkedIn. Did we miss anything? Or perhaps something got you particularly intrigued? Do send us a message and let's talk! Ciao for now and see you again next time!

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Watsonlaw is a 's-Hertogenbosch-based law firm specializing in corporate and civil matters and the legal implications of new technologies in everyday life and business.

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