Bitcoin’s moment in the sun confirms steadfast crypto proponents, especially Michael Saylor’s company MicroStrategy, which has continued to fill its reserves with BTC. Let’s find out more.
Bitcoin
Michael Saylor’s Microstrategy bought another 12,333 bitcoins for around $347 million, bringing its total to 152,333 bitcoins.
Major asset manager Fidelity is set to submit its own application for a spot bitcoin exchange-traded fund (ETF), joining other big money asset managers such as BlackRock.
With Bitcoin gaining strength above $30,000, another strong move down Upside down could be on the way.
Ethereum
HSBC Hong Kong, a subsidiary of one of the world’s largest banking and financial services organizations, recently added support for Bitcoin and Ethereum Futures ETFs.
Mastercard plans to launch a blockchain based market for financial applications, propelling the evolution of payment solutions beyond traditional parameters.
Altcoins
As bitcoin takes its break higher, the spark this has given the entire crypto industry has defined the altcoins a light.
Technology
Worldcoin, a cryptocurrency project led by Sam Altman, co-founder of the AI bot ChatGPT, has in partnership with digital identity provider Auth0 to efficiently manage World ID logins.
Decentralized exchange dYdX has announced its intention to launch the public testnet of its Cosmos-based blockchain on July 5, 2023.
Circle, the issuer of the stablecoin USD Coin (USDC), has announced the operationalization of its Cross-Chain Transfer Protocol (CCTP) on Arbitrum, a Layer 2 scaling solution for the Ethereum network.
Business
Leading crypto wallet service provider, registerannounced its latest foray into the world of institutional trading technology.
Tether recently signed a memorandum of understanding with the Georgian government, which will position Georgia as the central core for blockchain and peer-to-peer technology.
Affected Voyager customers can now open a Gemini account through July 23, 2023, and withdraw their cryptocurrencies directly in accordance with the claims of the distribution process.
The new management of FTX announced the $7 billion recovery liquid assets, calling the development “substantial progress” in asset recovery.
In a recently leaked internal announcement, Robinhood Markets plans to lay off approximately 150 full-time employeesi.e. approximately 7% of its total workforce.
Nevada Financial Institutions Division Placed Crypto Firm First in receivershiphaving taken control of the company, and froze its activities and operations.
Binance, the world’s largest cryptocurrency exchange, has reversed its delisting decision some privacy coins in Europe.
At Solana’s Cardinal Laboratories announced its decision to cease operations and close, citing economic conditions.
Regulations
Just as Bitcoin seemed poised to break criticism $31,000 price pointthe SEC has thrown a spanner in the works by rejecting all of the latest ETF filings.
Binance’s Crypto Custody License Application Reportedly Was rejected by the German regulator BaFin.
Cryptocurrency platform KuCoin has announced that it will introduce mandatory KYC rules because it seems to adopt regulations.
Coinbase filed a motion to dismiss the lawsuit filed against it by the SEC, citing a lack of jurisdiction and a violation of the right to due process.
The Blockchain Association, a leading lobby group for the U.S. cryptocurrency industry, appealed to the SEC Chairman Gary Gensler will recuse himself to enforce rules on the crypto space.
Crypto exchange Kraken has been ordered by a federal court to roll over user account information and transaction history to the IRS so it can check whether users of the exchange have under-reported their taxes.
The House of Lords passed the Financial Services and Markets Billwhich aims to regulate Bitcoin and crypto in the UK.
The Law Commission of England and Wales has published recommendations for reform and the development of the Digital Assets Act to secure the UK’s position as a global crypto hub.
The Swiss authorities are said to have seized more than $26 million value of Bitcoin and other digital assets related to Terraform Labs and its former executives.
NFT
Former First Lady of the United States Melanie Trump launched a new NFT collection to celebrate the country’s Independence Day, inspired by the country’s iconic landmarks.
The highly anticipated Azuki Elementals The NFT collection sold out in a record 15 minutes and grossed $38 million.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended for use as legal, tax, investment, financial or other advice.