Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.
Top Stories This Week
Mastercard taps Paxos to launch crypto trading for banks
Banks will soon be equipped to offer clients crypto trading and custody thanks to a new program called “Crypto Source” from Mastercard and Paxos Trust Company. As part of the program, Mastercard will cover some of the compliance, security and interface details while Paxos handles crypto custody and trading. Expected in the final quarter of 2022, the Crypto Source program will essentially provide the underpinning that will let banks offer crypto trading and custody to their clients.
Jack Dorsey unveils decentralized social with algo choice and portable accounts
Under the supervision of former Twitter CEO Jack Dorsey, a new social media platform called “Bluesky Social” has entered its private beta phase after years of anticipation. Underpinning the platform is a protocol known as the Authenticated Transfer Protocol (formerly named ADX). The protocol essentially removes the walls around user data, letting users move their accounts from platform to platform rather than having their profiles and information locked on a single platform.
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Hodl! Tesla hangs onto all its remaining $218M in Bitcoin in Q3
After offloading 75% of its Bitcoin holdings in Q2, Tesla decided to retain its remaining BTC in Q3, according to the company’s latest earnings report. The Q3 earnings report detailed Tesla’s balance sheet carrying $218 million in digital assets. In February 2021, Tesla notably unveiled holding $1.5 billion worth of Bitcoin, but sold most of its holdings the following year due to China-related COVID-19 concerns.
Not like China: Hong Kong reportedly wants to legalize crypto trading
Although a special…
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