{"id":2211,"date":"2021-10-08T12:03:33","date_gmt":"2021-10-08T09:03:33","guid":{"rendered":"https:\/\/evercodelab.com\/blog\/?p=2211"},"modified":"2022-07-28T16:43:27","modified_gmt":"2022-07-28T13:43:27","slug":"weekly-news-digest-from-evercode-lab-08-10-2021","status":"publish","type":"post","link":"https:\/\/evercodelab.com\/blog\/weekly-news-digest-from-evercode-lab-08-10-2021\/","title":{"rendered":"Weekly News Digest from Evercode Lab: 08.10.2021"},"content":{"rendered":"<p><em>The Evercode Lab team greets our visitors and customers. Here we are, with a fresh selection of crypto news that we see as important for the industry. We believe that any company willing to succeed in this competitive market should strive to be informed to the greatest extent possible. Here is another result of our monitoring efforts.<\/em><\/p>\n<h2><span data-preserver-spaces=\"true\">04.10\u00a0<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The research center of the Bank of America released a\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/decrypt.co\/82573\/bank-of-america-bullish-bitcoin-ethereum-defi-nfts\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-preserver-spaces=\"true\">report<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0with explicitly bullish views on non-fungible tokens, Ethereum, and Decentralized Finance in general. Its positive attitudes were expressed with such passages referring to blockchain economy as \u201cthe most exciting new market in years\u201d and \u201ctoo large to ignore\u201d.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In other words, the document released states that digital assets based on blockchain technology are capable of constituting \u201can entirely new asset class\u201d. The experts working at Bank of America Global Research, among other things, assume that blockchain may soon be used not only to invest but also to save, borrow, or lend money. According to them, in the near future, these assets might become a means to \u201cpay for gas or pizza\u201d (or even a fraction of a supercar).<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">We at Evercode Lab are always happy to read news like this. Most well-established institutions in the world of traditional finance were initially extremely skeptical towards crypto and blockchain. However, the situation is changing gradually.\u00a0 \u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">So, if you want to enable your users to pay for pizza and gas with your envisioned crypto solutions, it is the best moment to get in touch with Evercode Lab.\u00a0 \u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">05.10\u00a0<\/span><\/h2>\n<p><a class=\"editor-rtfLink\" href=\"https:\/\/economictimes.indiatimes.com\/markets\/cryptocurrency\/india-fueling-one-of-the-worlds-fastest-growing-crypto-regions\/articleshow\/86777675.cms\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-preserver-spaces=\"true\">The Economic Times<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0mentions an interesting trend. India is becoming one of the fastest-growing crypto regions on a global scale! Together with Vietnam and Pakistan, India is certainly a leader in terms of \u201cdemand for digital coins\u201d, its crypto adoption rates in general, and even \u201cinstitutional-sized transfers.\u201d\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">We have already cited India\u2019s success stories on\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/evercodelab.com\/blog\/en\/weekly-crypto-news-digest-from-evercode-lab-01-10-2021\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-preserver-spaces=\"true\">several<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/evercodelab.com\/blog\/en\/weekly-news-digest-from-evercode-lab-17-09-2021\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-preserver-spaces=\"true\">occasions<\/span><\/a><span data-preserver-spaces=\"true\">. As usual, the Evercode Lab is delighted to read new exciting news from this country and happy to collaborate with customers from there!\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">06.10<\/span><\/h2>\n<p><a class=\"editor-rtfLink\" href=\"https:\/\/www.cnbc.com\/2021\/10\/05\/bitcoin-custody-us-bank-launches-service-as-institutions-race-to-cater-to-crypto-demand.html\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-preserver-spaces=\"true\">US Bank<\/span><\/a><span data-preserver-spaces=\"true\">, America\u2019s 5th retail bank, announces a daring initiative! In conformity with its plans to meet the demands of institutional investors, this banking entity is going to start offering BTC custody services to fund managers.\u00a0 \u00a0\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The main driver of this decision is to assist investment managers with safely storing private keys for BTC, BTC cash, and even Litecoin.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The only comment from Evercode Lab: we are waiting for the moment when the entire list of America&#8217;s top ten leading banks adopts crypto!\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">07.10<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">All of a sudden, the world learns that\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.cnbc.com\/2021\/10\/07\/george-soros-fund-owns-bitcoin-ceo-confirms.html\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-preserver-spaces=\"true\">Soros\u2019 fund does own<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0some digital assets, namely BTC. At least, that is what the CIO at the Soros Fund Management says. How many coins? According to this spokesperson, Dawn Fitzpatrick, it is all about having \u201csome coins\u201d, \u201cbut not a lot.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">How much is that? Does it mean dozens? Hundreds?\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">08.10\u00a0<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Just as we have already said on a couple of occasions, those jurisdictions that are trying to ban crypto will inevitably have to face some economic consequences. This news confirms this self-evident \u201cprophecy\u201d:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/u.today\/chinese-crypto-ban-makes-over-20-crypto-related-companies-withdraw-from-china\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-preserver-spaces=\"true\">China Securities Journal<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0claims that over \u201c20 crypto companies are leaving the Chinese market\u201d because of the country\u2019s tough policy and \u201ctight regulations.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Well, eventually, these companies will find new crypto-friendlier jurisdictions!\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Evercode Lab team greets our visitors and customers. Here we are, with a fresh selection of crypto news that we see as important for&#8230;<\/p>\n","protected":false},"author":1,"featured_media":2190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[71],"tags":[85,79],"class_list":["post-2211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-blockchain-en","tag-crypto"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Weekly News Digest from Evercode Lab: 08.10.2021 &#8211; Evercode Lab Blog<\/title>\n<meta name=\"description\" content=\"The Evercode Lab team greets our visitors and customers. Here we are, with a fresh selection of crypto news that we see as important for the industry. 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