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Happy Thursday!

Scorching hot, isn't it? Time for a well-deserved cool down with the most recent developments from the industry.

This week, the headlines feature two banking giants, Square's recent successes and an overall Bitcoin-centric noise from the space. As always, we've also prepared some interesting longer reads (make sure to check the pieces on Argentina and Ukraine) and the latest deals.

Enjoy the read!

“Crypto is a new global market, and there are still vacant seats at the table. The nations that offer good conditions for crypto businesses with strong consumer protection and risk management still have time to grab a piece of that global market.”

- Oleksiy Feshchenko, AML and CFT advisor at the United Nations Office for Drugs and Crime, assisting Ukraine in drafting crypto regulation

🔔 Goldman Sachs has appointed a new Head of Digital Assets and looks to develop its own token.

⛓️ Russia's largest consumer bank Sberbank is launching a platform built on the Hyperledger Fabric blockchain, working its way to the introduction of a stablecoin in 2021.

🥨 A new bill in Germany proposes the digitization of securities using blockchain.

🟩 Jack Dorsey's cash app Square reports a 600% Bitcoin revenue surge compared to the same time last year.

📊 The world's largest independent publicly-traded business intelligence company, Microstrategy, adopts Bitcoin as its primary treasury asset.

₿ Bitcoin in Africa. Nigeria opts for crypto to trade with Chinese export businesses.

🌱 The world's first DeFi-specific accelerator has opened its doors for startups in the sphere.

🔀 Money Reimagined: Warnings From an Argentine Tragedy

📰 Why Ukraine Is Ripe for Cryptocurrency Adoption

🇪🇺 European Commission Event Report: Joining Forces For Blockchain Standardization

💸 Crowd-equity platform Republic has raised $16 million in a Regulation D Security Token Offering in the U.S.

😎 Dapper Labs bags in $12 million from various VCs and prominent NBA players.

🌐 Chia Network completes a $5 million equity round for its programmable money platform.

💰 Binance Labs leads a $2.8 million round for decentralized exchange 1inch.

🤔 Reflexer Labs edges closer to creating a 'somewhat-stable' coin for DeFi with a fresh $1.7 million injection.

🛡️ KeeperDAO, an on-chain liquidity underwriter for DeFi raises a '7-digit seed round' from Polychain and others.

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 Stefan Enchev. 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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