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MakerDAO Decentralizes, New Crypto Investments + More News
20.7.2021
Source: Adobe/Сергей Шиманович
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Decentralization news
MakerDAO (MKR) is now completely decentralized, Rune Christensen, CEO of the Maker...
FTX Confirms Its Mega Raise As Investors Bet on Crypto Future
20.7.2021
Sam Bankman-Fried, CEO of FTX. Source: A video screenshot, Youtube/FTX Official
As expected, two-year-old major crypto derivatives exchange FTX was valued almost 20 times more in a recent investment round, one of the largest raises in the crypto industry.
The operator of the exchange, FTX Trading...
Grooming Products Firm Axe Releases Limited Edition ‘Crypto Scented’ Doge Body Spray
20.7.2021
On Tuesday, the company that owns the brand of male grooming products, Axe, announced the launch of a dogecoin-themed and “crypto scented” body spray. The release was limited and currently, the body spray featuring the image of the cartoon Shiba Inu is no longer available to U.S....
FTX smashes crypto funding record with $900m raise to become exchange decacorn
20.7.2021
The crypto derivatives exchange has seen its valuation soar over the past year, reflecting the rapid growth of digital assets over the same period
$13K Bitcoin price predictions emerge with BTC falling below historic trendline
20.7.2021
The 50-week simple moving average earlier offered incredible support to Bitcoin's long-term bullish bias. But bears took it convincingly during the Monday sell-off
Blockfi Ordered to Stop Offering Interest-Bearing Crypto Accounts in New Jersey
20.7.2021
On July 19, the CEO of the crypto financial services firm Blockfi, Zac Prince, told the public that the New Jersey Bureau of Securities has told the company to “stop accepting new BIA clients residing in New Jersey beginning July 22, 2021.” New Jersey’s acting attorney general...
European Commission Targets Crypto Wallets And Citizens' Privacy
20.7.2021
The European Commission (EC) announced "an ambitious package" of legislative proposals that would decrease the privacy of the EU citizens if implemented.
"Today's measures greatly enhance the existing EU framework by taking into account new and emerging challenges linked...
Majority of Institutions to Hold Digital Assets in Near Future, Survey Suggests
20.7.2021
Most institutional investors look forward to adding digital assets to their portfolios, in spite of concerns over crypto market volatility. More than half of the respondents in a new survey conducted by Fidelity’s crypto subsidiary have revealed they already have digital asset investments....
Mastercard To Use Stablecoins In a Simplified Crypto Payments Card Offering
20.7.2021
Source: Adobe/Игорь Головнёв
Payments giant Mastercard announced an enhanced card program for cryptocurrency wallets and exchanges that aims to make it easier for partners to convert cryptocurrency to fiat currency.
The program is expected to reduce friction and improve customer experience as well...
Mastercard’s latest partnership to help banks distribute crypto cards
20.7.2021
The partnership is aimed towards simplifying cryptocurrency-to-fiat conversions within Mastercard's existing payment network
CoinFund debuts $83M crypto startup fund
20.7.2021
“Blockchain-based networks will be distributed to billions of people globally through digital wallets,” said CoinFund CIO Alex Felix. “We’ve consistently positioned early in three core areas: verticals with early traction, the technology innovations that come next and the infrastructure on which...
Bitcoin Slides Under $30K, Stablecoins Eclipse Trade Volumes, Crypto Interest Depletes
20.7.2021
The price of bitcoin has slid under the $30K zone on Tuesday, dipping to $29,300 per unit during the early morning trading sessions (EDT). The global cryptocurrency market capitalization of all the crypto coins in existence is $1.19 trillion as it decreased by more than 6% in the last day....
Bitcoin Keeps Outperforming As Crypto Market Ruled By Bears
20.7.2021
Bitcoin price extended its decline and it broke the USD 30,000 support zone. BTC broke the USD 29,500 level and it remains at a risk of more downsides. It is currently (12:11 UTC) trading well below USD 30,000 and it might continue to move down towards USD 28,000.
However, BTC is still among...
Crypto is an ‘untested asset category,’ says UBS CEO Ralph Hamers
20.7.2021
The UBS chief said the bank continues to urge caution when it comes to crypto exposure for its clients
Axion - New Staking Crypto With Bitcoin Dividends - Ledgers Giveaway
20.7.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Axion is all about supporting the crypto community. That’s why Axion is helping investors be more secure by giving away 2 Ledger Nano S hardware wallets every day for the next 30 days.
According to their...
Pre-Crash Survey: 70% Of Institutional Investors Considered Buying Crypto
20.7.2021
Before the crypto market started its downturn in April this year, around 70% of surveyed global institutional investors planned to buy cryptoassets eventually.
Also, more than 50% of the 1,100 investors surveyed by Coalition Greenwich on behalf of Fidelity Digital Assets, a crypto-focused arm...
Zimbabwe Proposes Inclusion of VASPs in Its Securities Law — Move Applauded as ‘Step in Right Direction’
20.7.2021
The Zimbabwean government recently revealed its intention to widen the definition of securities to include virtual asset service providers (VASPs). According to a document released by the cabinet, the proposed inclusion of VASPs into the category of defined securities will be made possible via...
Crypto joins stocks in 'extreme fear' after Bitcoin loses $30K support
20.7.2021
A rout in sentiment in both crypto and traditional markets underscores the "extreme fear" surrounding Bitcoin's move below $30,000
Majority of institutional investors ready to buy digital assets, study says
20.7.2021
A new study found that institutional investors’ appetite for digital assets, including cryptocurrencies, is growing
BlockFI ordered to stop onboarding New Jersey-based customers
20.7.2021
BlockFi CEO Zack Prince rejects the New Jersey securities regulator’s claim that his firm has been offering unlicensed securities to the public