🇪🇺 Crypto Weekly Updates #1: April 28th

Ledger, Bitfury, Guesser and France regulation

Hej Everyone,

This is the first issue of my European crypto newsletter aiming to give updates on corporates, startups, jobs and regulation in 🇪🇺

Everyone is talking about San Francisco as the epicentre of everything in crypto. Well, I wanted to shed lights on Europe and how exciting the ecosystem is.

If you want to support this initiative. Please share it with others, sign up and retweet.

Merci

Etienne (Twitter)


🤹 Startups

  • Payment Processor Wirex Partners With Stellar, Plans to Launch 26 Stablecoins: The release will make Wirex the first company to offer stablecoins pegged to a large variety of international fiat currencies, including USD, EUR, GBP, HKD and SGD. Currently, most stablecoins on the market are USD-backed tokens. (Source)

  • Ledger announced the appointment of the company’s President, Pascal Gauthier, to CEO. Eric Larchevêque will now serve as Executive Chairman of the Board. (Source)

  • Blockchain technology firm Bitfury and Switzerland-based investment firm Final Frontier have jointly launched a regulated Bitcoin mining fund. The fund is targeted at institutional and professional investors to give them “convenient access” to Bitcoin mining. The fund is authorized by a European financial watchdog. (Source)

  • Tokyo-based crypto exchange bitFlyer, which was licensed to operate in the European Union in 2018, reportedly polled 10k respondents in Europe to find out what they think about cryptocurrencies such as bitcoin (BTC). 63% of Europeans are confident that crypto will still exist in 10 years. (Source)

The percentage of consumers who believe cryptocurrencies will still exist in 10 years

🏭Corporates

  • French specialized credit institution Societe Generale SFH issued a 100 million euro ($112 million) bond as a security token on the Ethereum (ETH) blockchain. The initiative was developed alongside ConsenSys. (Source)

🏦Regulations

  • Austria Considers Establishment of Fintech Regulatory Sandbox: In the regulatory sandbox, fintech companies will purportedly be able to test and train their business models for a limited period under the supervision of the FMA. This is similar to the FCA sandbox in the UK. (Source)

  • France’s new crypto law grants blockchain-related projects the right to a bank account, provided they opt in to being regulated. There’s an optional certification or “visa” for crypto services providers such as exchanges and custodians. The new law paves the way for French life insurance and private equity funds to get more exposure to crypto assets. (Source)

  • Malta’s Financial Regulator Issues Guides on Crypto Assets, Scams: The guidance outlines the most common types of digital currency-associated scams including fake ICOs, fake crowdfunding, and fake exchange and fake e-wallet. It also provides a list of the 11 most common warning signs potential investors should consider. (Source)

💰Fundings

  • Guesser expands product and announces seed round to make prediction markets more accessible to mainstream users: Expanding to four dedicated sections for weekly events on Crypto, Finance, Politics and General News; partnered up with Version One, Compound and Boost VC through a $1.1M investment round (Source)

  • South Korean technology giant Samsung has invested 2.6 million euros ($2.9 million) into crypto hardware startup Ledger at a valuation of roughly $290m (Source)

👨‍💼Jobs

  • Product Marketing Manager - Futures at Kraken based in London, UK APPLY

  • Full-Stack Engineer at Chorus one in Berlin, DE APPLY