Bank of Canada Opens Public CBDC Consultation, Solana’ Saga Phone Available for Orders, 32% of Family Office Investment in Digital Assets, Binance NFT to Support Bitcoin Ordinals

Get your daily, bite-sized summary of cryptoassets and blockchain-related news – examine the stories that fly under the radar of today’s crypto news.
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CBDC news

• The Bank of Canada wants the public’s opinions on a potential digital Canadian dollar. A digital Canadian dollar is not currently needed, the press release said, and any decision to issue one rests with Parliament and the Government of Canada. However, “as Canada’s central bank, we want to make sure that everyone can always participate in the country’s economy. That means being ready for whatever the future holds,” said senior deputy governor Carolyn Rogers. The hearing runs until June 19.

Wallet news

• Solana Mobile announced that Saga Android phone is now available to the general public for orders. Users can now use a simplified Web3 experience with Seed Vault, a self-storage solution that protects keys through biometric authentication and encryption, the announcement said. With the Solana decentralized app (dapp) Store, Saga users can access dapps without having to interact and sign transactions through their desktop browser, it added.
• SafePala non-custodial crypto wallet package, has integrated Klaytn, a Layer 1 blockchain platform, which supports its original assets and established dapps as part of expansion plans into South Korea. SafePal will look to integrate dapps such as Clayswap, DeFi Kingdoms, Pala, Clevaand Swap scanner for users to access various Web3 verticals, the press release said, and it will also potentially be looking to add Korean to its available languages. “The move comes strategically for the wallet company after growing from 8 million to over 10 million users this year,” it added.

Investment news

• 32% of family offices currently have investments in digital assets, according to a Goldman Sachs report entitled “Family Office Investment Insides”. This includes cryptocurrencies, stablecoins, non-fungible tokens (NFT), decentralized finance (DeFi) and blockchain-focused funds. Family offices “have become more crucial for cryptocurrencies: the share invested has increased from 16% in 2021 to 26%. However, the proportion not invested and not interested in the future has risen from 39% to 62%, and those potentially interested in the future have fallen from 45% to 12%,” the report explained.

NFT news

• Binance NFT Marketplace will support soon Bitcoin Ordinals (aka Bitcoin NFTs), the press release said. It already supports NFTs on Ethereum, Polygonand its original BNB chain. “The integration of the Bitcoin network will further elevate Binance NFT into a multi-chain, open marketplace ecosystem, where users can explore and trade a wider variety of NFTs across multiple blockchains from their Binance accounts,” it added.

DeFi news

• MakerDAOa DeFi lending protocol and creator of the DAI stablecoin, announced the official launch date for Spark Protocol, a MakerDAO-centric decentralized application. Starting May 9, the Spark Protocol will serve as the underlying infrastructure for Kick Loin, a decentralized lending marketplace for delivering and lending cryptoassets with a focus on DAI, it said. One of the contributors to the Spark Protocol is Phoenix Labsa research and development company that aims to introduce new decentralized products to the MakerDAO ecosystem, it added.

Game news

• Create 1 block chain Concordium and mobile games XONE announced “a partnership that brings web3 security and identity solutions to the entertainment industry,” the press release said. The original XONE token is being developed for launch later this year following Concordium’s CCD Interoperability Standard (CIS-2), “which ensures regulatory compliance and applicability for it both on the XONE platform and across Concordium’s ecosystem of DeFi protocols.” It will power and unlock more experiences on the XONE platform, allowing users to purchase virtual goods and collectibles and access virtual events, it added.