1. Mastercard and Visa join Hong Kong’s CBDC pilot:
Hong Kong’s Monetary Authority (HKMA) has announced that Mastercard and Visa have joined its central bank digital currency (CBDC) pilot scheme. The pilot scheme, which was launched in February 2020, aims to test the use of digital currencies for cross-border payments and other financial transactions. Mastercard and Visa will work with the HKMA to develop a platform that will allow banks and merchants to use CBDC for payments and settlements.
2. New installment in Justin Sun’s Huobi soap opera:
Justin Sun, the founder of Tron, has been involved in a soap opera with Huobi, one of the largest cryptocurrency exchanges in the world. Sun accused Huobi of freezing his account and stealing his funds, while Huobi denied the allegations and accused Sun of spreading false information. The latest installment in this drama is that Sun has released a video in which he claims to have evidence that Huobi is involved in illegal activities. Huobi has responded by saying that it will take legal action against Sun if he continues to make false accusations.
3. GameFi token pumps on no news:
A GameFi token called Axie Infinity (AXS) has seen a massive price increase in recent days, despite there being no significant news or announcements about the project. AXS has increased by over 300% in the past month, making it one of the best-performing tokens in the cryptocurrency market. Some analysts believe that the price increase is due to speculation and hype around the GameFi sector, which combines gaming and decentralized finance (DeFi).
Mastercard and Visa have joined Hong Kong’s CBDC pilot scheme, which aims to test the use of digital currencies for cross-border payments and other financial transactions. Meanwhile, Justin Sun’s soap opera with Huobi continues, with Sun accusing Huobi of illegal activities and Huobi threatening legal action against Sun. Finally, a GameFi token called Axie Infinity has seen a massive price increase on no news, leading some analysts to speculate that it is due to hype and speculation around the GameFi sector.