THIS NEWSLETTER IS SPONSORED BY | Key crypto hires and moves: October 2021 | Quick Takes - Last month, there were a number of big moves within the crypto industry.
- VC firms, crypto exchanges and banks have all been making key hires.
| October was a quieter month for the typically bustling crypto hiring scene. But there were still some key hires and moves.
One interesting change was Brett Redfearn -- part of the spate of regulators suddenly leaving crypto firms in the last couple of months -- who has joined Securitize. This could be seen as an endorsement of digital assets that are designed to work within the securities framework (something that State Street is particularly interested in).
Crypto exchanges have also continued to make big hires with Binance, Robinhood Crypto and Bitpanda Pro onboarding new heavy-hitters. These companies, and others, have picked up talent focused on editorial content and communications, both showing a focus on competing brand awareness. | | |  | 10% of China's population have opened digital yuan wallets, per PBoC official | The number of users of China's digital yuan, also known as the e-CNY, has increased by more than six times over the past four months. That's according to Mu Changchun, head of the Digital Currency Research Institute at the People's Bank of China, who said in the Hong Kong Fintech Week conference that 140 million individuals in China have activated their e-CNY wallets. | Coinbase is testing a subscription service with zero trading fees and prioritized support | Crypto exchange Coinbase is testing a new subscription-based service that would give users access to enhanced features, according to materials reviewed by The Block. Dubbed Coinbase One, the subscription product will be offered to a small number of users to start. Benefits include zero-fee trading and prioritized phone support "even on holidays and weekends." | Someone took out a $1.4 million loan with an NFT as collateral | A loan has been issued for $1.4 million using the crypto platform NftFi. The terms of the deal are 30 days at 9.69% APR. And the collateral? Well, it's an NFT. | | | THIS NEWSLETTER IS BROUGHT TO YOU BY | Securing the World's Transition to Blockchain As blockchain transforms the global economy, institutions and investors urgently need secure, independent custody infrastructure for cryptocurrencies.
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| | | The total amount of funds stolen in DeFi attacks has reached $680 million so far this year, according to The Block's Data Dashboard. Data collected by The Block Research shows that $1.4 billion was initially taken from DeFi protocols through exploits and bugs but $760 million has been returned. | | | Huobi Announces Blockchain Summit for Leaders to Discuss the Future of Global Digital Economy
November 3, 2021 — Huobi Group today announced that it will host Huobi Summit 2021: Blockchain and Beyond, a virtual event where industry leaders from around the world will exchange ideas, discuss prospects for blockchain technology and cryptocurrencies, and promote the development of the global digital economy. | | | - U.S. Representatives Tom Emmer and Darren Soto are calling on the Securities and Exchange Commission and its chair, Gary Gensler, to approve a spot bitcoin exchange-traded fund.
- The Biden administration has formally nominated its pick for the Office of the Comptroller of the Currency.
- Sen. Ted Cruz (R-TX) wants to bring cryptocurrency payments to the merchants and vendors that do business on Capitol Hill in Washington, D.C.
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