Latest Updates

Huobi Launches New Digital Asset Mining Platform

  • Primepool will enable users to participate in the launch of new premium projects on Huobi.
  • Users will be able to "mine" new assets by staking HT or ETH, receiving rewards in the form of new tokens.
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  • Primepool will enable users to participate in the launch of new premium projects on Huobi.
  • Users will be able to "mine" new assets by staking HT or ETH, receiving rewards in the form of new tokens.

Latest Updates

Binance to Shut Down in Malaysia, Scales Down Derivatives in Europe

  • The Malaysian Securities Commission has issued a notice ordering Binance to stop offering its services in the country.
  • The exchange also revealed that its clients in Germany, Italy, and the Netherlands will no longer be able to open new futures and derivatives accounts.

Synthetix Goes Live on Optimistic Ethereum L2

  • During the initial testing phase, Synthetix exchanges will be enabled for sUSD, sBTC,sETH, and sLINK trading on Optimistic Ethereum L2.
  • Optimistic Ethereum is set to bring significant improvements to Synthetix, including lower fees and better trade security.
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  • State Street partnered with Lukka to use its reference and pricing data, as well as its middle and back office products, to power its new services.
  • Using Lukka's products, the bank will be able to incorporate digital assets alongside private clients' other alternative investments.

State Street to Provide Private Clients with Crypto Administration Services

  • State Street partnered with Lukka to use its reference and pricing data, as well as its middle and back office products, to power its new services.
  • Using Lukka's products, the bank will be able to incorporate digital assets alongside private clients' other alternative investments.

Diginex Closes $6 Million Series A Funding Round

  • The funding round, led by Fitch Group, brings the total amount raised by the company to $8 million.
  • Diginex will use the investment to improve its DiginexESG platform.

  • The funding round, led by Fitch Group, brings the total amount raised by the company to $8 million.
  • Diginex will use the investment to improve its DiginexESG platform.

Okcoin Secures Crypto Licenses in Malta and the Netherlands

  • The company has secured approval from the Malta Financial Services Authority and formal registration from the Dutch Central Bank.
  • The licenses will enable the company to establish additional banking partnerships and payment rails in Europe.
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  • The company has secured approval from the Malta Financial Services Authority and formal registration from the Dutch Central Bank.
  • The licenses will enable the company to establish additional banking partnerships and payment rails in Europe.

Valora Separates from Celo, Raises $20M

  • The mobile digital wallet built for the Celo network revealed it will be separating from its parent firm cLabs, and will now operate as an independent company.
  • The new company also announced it has closed a $20 million Series A funding round led by Andreessen Horowitz.

Ripple Launches First On-Demand Liquidity Service in Japan

  • SBI Remit has partnered with Coins.ph to facilitate remittance payments from Japan to the Philippines using Ripple.
  • Ripple's ODL service will enable the companies to provide faster and more affordable remittance options.

Chainlink Price Feeds to Go Live on Cronos

  • Crypto.com selected Chainlink as it has proven itself as one of the most reliable decentralised price oracles in the industry.
  • Its price feeds will open up new use cases on Cronos, such as establishing exchange rates for tokenized assets, checking limit order conditions, and more.
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  • Crypto.com selected Chainlink as it has proven itself as one of the most reliable decentralised price oracles in the industry.
  • Its price feeds will open up new use cases on Cronos, such as establishing exchange rates for tokenized assets, checking limit order conditions, and more.

Editors' Picks

DOGE Accounted For 34% of Robinhood’s Crypto Revenue in Q1

  • Dogecoin-derived income accounted for 6% of the company's total revenue in Q1 2020.
  • Robinhood noted that it's business could be hurt if the markets for Dogecoin deteriorate.
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  • Dogecoin-derived income accounted for 6% of the company's total revenue in Q1 2020.
  • Robinhood noted that it's business could be hurt if the markets for Dogecoin deteriorate.

BBVA Bank to Offer Bitcoin Trading, Custody to Swiss Clients

  • The service will only be available in Switzerland, due to the region's clear crypto regulations and widespread adoption.
  • Initially BBVA will provide only services for Bitcoin, but the bank has plans to gradually extend its offering to other cryptocurrencies in the future.

Ledger Secures $380M in Series C

  • Led by 10T Holdings, the $380 million Series C funding round has raised the valuation of Ledger to $1.5 billion.
  • The funds will help the firm diversify its offering beyond crypto, and add support for NFT, real estate, and other forms of value on the blockchain.

Coinbase Card Gets Apple Pay, Google Pay Support

  • Customers can now use their Coinbase Card with Apple and Google Pay.
  • Select users will also be able to earn up to 4% in crypto rewards.

Apple Looking For New Hire With Crypto Experience

  • While Apple is yet to expand into the crypto market, the new job offering could indicate the company is warming up to the idea.
  • The new hire must have experience with alternative payments, such as cryptocurrency, and will be responsible for leading the company's Alternative Payments Partnerships.

Guides

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Impermanent Loss Explained With Examples & Math

  • Learn what impermanent loss is, how it manifests, and how to calculate it.
  • We use several examples and formulae for both standard and complex AMM-based pools to examine, explain, and plot impermanent loss.

How to Leverage Yield Farming on Alpha Homora – The Simple Guide

  • Learn how Alpha Homora works, how to open a leveraged position and earn more with the same amount of assets, and how to manage your positions.
  • We also explain how to choose a pool to leverage, the rules of leveraging on the platform, and how to calculate possible scenarios.

How to Farm QUICK on QuickSwap – The Simple Guide

  • This article will teach you how to take advantage of one of the most lucrative liquidity mining programs on the market right now, while saving money on transaction fees.
  • We will take you through the strange but fascinating world of multiple network bridges and AMM quirks so you can have a seamless experience using the Layer-2 based exchange.

How to Optimise APY For Liquidity Mining Rewards

  • Users tend to blindly trust the APY calculations of the liquidity mining programs, despite the fact that they are typically flawed.
  • Knowing how compound interest works, how often to sell given your stake, and how to hunt for low gas fees are all invaluable skills we will look at.

How to Buy Cryptocurrency – The Simple Guide

  • Learn how to buy cryptocurrency on four of the most prestigious crypto trading platforms in the world.
  • To make an informed decision, you need to research what each platform offers, i.e., supported assets and countries, fees, and payment methods.

Opinion

The Rise of Bancor

  • The exchange was the first to prove the feasibility of AMM, but has since struggled to compete with other DeFi platforms.
  • However, through the introduction of several smart features and innovations, notably single-sided exposure, Bancor is surging among the DeFi ranks.

The Blockchain-Enabled Elections Of The Future

  • We now have the technology to immutably store and process data in a trustless environment, yet we still resort to paper ballots as the fundamental ingredient for elections.
  • In a blockchain-enabled future, voting will be as simple as withdrawing money from an ATM, and processing election results will be finished in minutes.

Opinion: How Will Crypto Markets React To The Second Wave Of COVID-19?

  • As several countries have already entered the second period of lockdown, many parts of the world are bracing for a long winter of isolation.
  • How will this affect crypto markets this time around, and how will it differ from the first lockdown?

Opinion: Why The $100,000 Harvest Finance Bounty Is Absurd

  • Only if we put ourselves in the shoes of the attacker can we find a possible angle of negotiation in a bid to recover more from the 13 million USDC and 11 million USDT that were profited from the arbitrage scheme.
  • Although the Harvest Finance team has acted responsibly in the face of an unprecedented-to-the-project crisis, their bounty reward initiative is naive.

Opinion: The Impact Of PayPal Entering The Crypto Market

  • PayPal will expose cryptocurrency access to its 346 million user base and 26 million merchants worldwide.
  • The news is a stamp of mainstream approval on cryptocurrency, but doesn't come without its downsides, including asset encapsulation and centralization, the latter seen by many as the enemy of what Bitcoin stands for.

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In Other News

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Mastercard Onboards 7 Startups to its Start Path Program

  • GK8, Domain Money, Mintable, SupraOracles, STACS, Taurus, and Uphold have joined Mastercard's new Start Path program.
  • The startups will leverage Mastercard's tools and network to address various pain points in the crypto and blockchain industries.
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Block.one’s Bullish Exchange Launches Private Pilot Program

  • The 7-week private pilot program will offer a select group of retail and institutional investors the opportunity to use Bullish.
  • The exchange will feature a unique Hybrid Order Book, yield-earning Liquidity Pools, and top-notch security.
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ZKSwap Launches V2 With Unlimited Token Listing, Custom Fee Tokens, and L2 Deployments

  • ZKSwap is targeting a Layer-1 Ethereum mainnet launch on 28 July, with L2 deployments on BSC, HECO, and OEC to follow soon after.
  • V2 will enable users to list any ERC-20 token and choose between 4 different tokens when paying withdrawal fees.
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Shopify to Allow Direct Selling of NFTs

  • The e-commerce company is now supporting the direct sale of NFTs for its merchants, though the offering will be limited for some time.
  • The first merchant to use the new offering is the Chicago Bulls, which released a limited NFT collection representing its six championship rings.

Tether Executives Investigated for Bank Fraud

  • "People with direct knowledge of the matter" told Bloomberg that Tether executives have received letters informing them of the investigation.
  • The sources also revealed the Department of Justice was looking into a "conduct that occurred years ago, when Tether was in its more nascent stages".

Simplex Partners With Allpay to Launch Crypto Debit Card

  • allpay.cards will provide Simplex users with a bespoke Visa debit card.
  • The card will enable users to spend their cryptocurrencies anywhere Visa cards are accepted.

Amazon Reportedly Looking to Accept Bitcoin Payments

  • An anonymous source said that Amazon was looking to introduce Bitcoin payments by the end of 2021.
  • Within the next year, the company is reportedly planning to introduce other cryptocurrencies and explore the launch of a native token.

Binance Cuts Down Leverage Limit to 20x

  • Binance announced it is lowering its futures trading leverage limit from 125x to 20x only a day after another major exchange, FTX, did the same.
  • The New York Times implied regulators will be shifting their gaze on to high leverage margin trading soon, citing a former U.S. SEC chairman on Friday.

Acoer Launches User Rights Management Platform on Hedera

  • RightsHash will associate individuals' digital rights with NFTs issued on the public Hedera platform.
  • The first use case for the platform will be providing consent management for clinical trials.

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Cryptocurrency

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Binance to Shut Down in Malaysia, Scales Down Derivatives in Europe

  • The Malaysian Securities Commission has issued a notice ordering Binance to stop offering its services in the country.
  • The exchange also revealed that its clients in Germany, Italy, and the Netherlands will no longer be able to open new futures and derivatives accounts.
Shutterstock

Huobi Launches New Digital Asset Mining Platform

  • Primepool will enable users to participate in the launch of new premium projects on Huobi.
  • Users will be able to "mine" new assets by staking HT or ETH, receiving rewards in the form of new tokens.
Shutterstock

Synthetix Goes Live on Optimistic Ethereum L2

  • During the initial testing phase, Synthetix exchanges will be enabled for sUSD, sBTC,sETH, and sLINK trading on Optimistic Ethereum L2.
  • Optimistic Ethereum is set to bring significant improvements to Synthetix, including lower fees and better trade security.
Shutterstock

State Street to Provide Private Clients with Crypto Administration Services

  • State Street partnered with Lukka to use its reference and pricing data, as well as its middle and back office products, to power its new services.
  • Using Lukka's products, the bank will be able to incorporate digital assets alongside private clients' other alternative investments.

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Business

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State Street to Provide Private Clients with Crypto Administration Services

  • State Street partnered with Lukka to use its reference and pricing data, as well as its middle and back office products, to power its new services.
  • Using Lukka's products, the bank will be able to incorporate digital assets alongside private clients' other alternative investments.
Shutterstock

Diginex Closes $6 Million Series A Funding Round

  • The funding round, led by Fitch Group, brings the total amount raised by the company to $8 million.
  • Diginex will use the investment to improve its DiginexESG platform.
Shutterstock

Okcoin Secures Crypto Licenses in Malta and the Netherlands

  • The company has secured approval from the Malta Financial Services Authority and formal registration from the Dutch Central Bank.
  • The licenses will enable the company to establish additional banking partnerships and payment rails in Europe.
Shutterstock

Valora Separates from Celo, Raises $20M

  • The mobile digital wallet built for the Celo network revealed it will be separating from its parent firm cLabs, and will now operate as an independent company.
  • The new company also announced it has closed a $20 million Series A funding round led by Andreessen Horowitz.
Shutterstock

Ripple Launches First On-Demand Liquidity Service in Japan

  • SBI Remit has partnered with Coins.ph to facilitate remittance payments from Japan to the Philippines using Ripple.
  • Ripple's ODL service will enable the companies to provide faster and more affordable remittance options.

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Politics

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U.K. Regulator to Spend £11M on Marketing Campaign Warning of Crypto Risks

  • The head of the FCA, Nikhil Rathi, made the announcement during a speech at the "Our Role and Business Plan" webinar on Thursday.
  • Rathi said the digital marketing campaign was necessary, as crypto investors are more likely to be young people drawn to social media.
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Italian Financial Regulator Says Binance is Unauthorized to Offer Investment Services

  • Italy's CONSOB has become the latest in a series of financial regulators to warn investors that Binance unauthorized to operate in their jurisdictions.
  • Earlier this month, Barclays warned it will be blocking payments to Binance, citing a notice published by the FCA in June.

American CryptoFed DAO Becomes First Recognized DAO in the U.S.

  • Earlier this year, Wyoming recognized DAOs as a distinct form of LLCs.
  • The law made the American CryptoFed DAO the first legally recognized DAO in the U.S.
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  • Earlier this year, Wyoming recognized DAOs as a distinct form of LLCs.
  • The law made the American CryptoFed DAO the first legally recognized DAO in the U.S.

Britain’s Financial Regulator Issues Consumer Warning to Binance

  • The FCA said Binance Markets Limited is not permitted to undertake any "regulated activities" in the U.K.
  • However, Binance will most likely be able to continue operating in the country as it's registered outside of the U.K.
Binance CEO Changpeng Zhao speaking at an "Ask Us Anything" conference. Binance

  • The FCA said Binance Markets Limited is not permitted to undertake any "regulated activities" in the U.K.
  • However, Binance will most likely be able to continue operating in the country as it's registered outside of the U.K.

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CRYPTOCURRENCY

DeFi

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Huobi Launches New Digital Asset Mining Platform

  • Primepool will enable users to participate in the launch of new premium projects on Huobi.
  • Users will be able to "mine" new assets by staking HT or ETH, receiving rewards in the form of new tokens.

Chainlink Price Feeds to Go Live on Cronos

  • Crypto.com selected Chainlink as it has proven itself as one of the most reliable decentralised price oracles in the industry.
  • Its price feeds will open up new use cases on Cronos, such as establishing exchange rates for tokenized assets, checking limit order conditions, and more.

3 U.S. States Say BlockFi’s Interest-Bearing Accounts Violate Securities Laws

  • New Jersey, Alabama, and Texas have increased regulatory pressure on BlockFi.
  • The states claim BlockFi's interest Accounts (BIAs) are unregistered securities and violate state laws.

Exchanges

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Binance to Shut Down in Malaysia, Scales Down Derivatives in Europe

  • The Malaysian Securities Commission has issued a notice ordering Binance to stop offering its services in the country.
  • The exchange also revealed that its clients in Germany, Italy, and the Netherlands will no longer be able to open new futures and derivatives accounts.

Huobi Launches New Digital Asset Mining Platform

  • Primepool will enable users to participate in the launch of new premium projects on Huobi.
  • Users will be able to "mine" new assets by staking HT or ETH, receiving rewards in the form of new tokens.

Synthetix Goes Live on Optimistic Ethereum L2

  • During the initial testing phase, Synthetix exchanges will be enabled for sUSD, sBTC,sETH, and sLINK trading on Optimistic Ethereum L2.
  • Optimistic Ethereum is set to bring significant improvements to Synthetix, including lower fees and better trade security.

Stablecoins

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Tether Executives Investigated for Bank Fraud

  • "People with direct knowledge of the matter" told Bloomberg that Tether executives have received letters informing them of the investigation.
  • The sources also revealed the Department of Justice was looking into a "conduct that occurred years ago, when Tether was in its more nascent stages".

Circle Partners With Mastercard on USDC Settlement Pilot

  • The pilot program will test crypto-to-fiat conversions using USDC.
  • Mastercard will use the program to enhance its card program for cryptocurrency exchanges.

Liquid Launches Trading For Stellar USDC

  • Liquid will provide users with zero-fee Stellar USDC withdrawals.
  • The listing will provide meaningful liquidity and volume to the Stellar ecosystem, SDF CEO said.

Wallets

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Valora Separates from Celo, Raises $20M

  • The mobile digital wallet built for the Celo network revealed it will be separating from its parent firm cLabs, and will now operate as an independent company.
  • The new company also announced it has closed a $20 million Series A funding round led by Andreessen Horowitz.

Square Working on BTC Hardware Wallet

  • It only took Square one month to float the idea of a hardware wallet on Twitter, and then start assembling a team to work on the project.
  • The wallet is likely to prioritize mobile use, support multi-signature transactions, and offer users "assisted-self-custody".

Bitcoin

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Amazon Reportedly Looking to Accept Bitcoin Payments

  • An anonymous source said that Amazon was looking to introduce Bitcoin payments by the end of 2021.
  • Within the next year, the company is reportedly planning to introduce other cryptocurrencies and explore the launch of a native token.

Square Working on BTC Hardware Wallet

  • It only took Square one month to float the idea of a hardware wallet on Twitter, and then start assembling a team to work on the project.
  • The wallet is likely to prioritize mobile use, support multi-signature transactions, and offer users "assisted-self-custody".

Elon Musk, Jack Dorsey to Discuss Bitcoin at July Event

  • Musk has agreed to discuss Bitcoin with Dorsey during a July conference.
  • The event, called "The B Word," is set to encourage companies and institutions to adopt Bitcoin.

Ethereum

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CoinMarketCap Integrates Uniswap For Ethereum-Based Token Swaps

  • CMC's Ethereum-based token pages now include a token swap icon, enabling them to connect a wallet and swap between ERC-20 tokens.
  • While Uniswap was chosen as the first DEX to be integrated into the website, CMC has hinted there are more to follow.

Bank of Israel Using Ethereum in Digital Shekel Trial

  • Sources close to the matter revealed that the trial was carried out on Ethereum.
  • Deputy Governor Abir still remains skeptical about the release of the digital shekel in the next five years.

Infura, Truffle, MetaMask to Support Optimistic Ethereum

  • ConsenSys' developer tools will support the upcoming Layer 2 scaling solution for Ethereum.
  • Infura and Truffle will enable developers to launch Solidity contracts on Optimistic Ethereum.

NFTs

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Shopify to Allow Direct Selling of NFTs

  • The e-commerce company is now supporting the direct sale of NFTs for its merchants, though the offering will be limited for some time.
  • The first merchant to use the new offering is the Chicago Bulls, which released a limited NFT collection representing its six championship rings.

Acoer Launches User Rights Management Platform on Hedera

  • RightsHash will associate individuals' digital rights with NFTs issued on the public Hedera platform.
  • The first use case for the platform will be providing consent management for clinical trials.

Nifty’s Partners With Warner Bros. to Launch Space Jam NFTs

  • A collection of limited-edition Space Jam NFTs will launch on Nifty's new social NFT platform.
  • The company recently completed a $10 million seed funding round.

Tokens

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Reddit to Scale its Community Points System Using Arbitrum

  • Arbitrum was chosen as the winner of Reddit's "Scaling Bake-Off", and will now be used to upgrade the platform's two Ethereum-based tokens.
  • The integration will remain on the Rinkeby testnet for a while, after which it will be migrated to the scaling network.

Binance to End Stock Token Support 3 Months After Launch

  • Binance will no longer allow its customers to purchase its popular stock tokens, "effective immediately".
  • Customers now have 90 days, until 14 October 2021 , to liquidate their stock token positions, before the exchange completely stops support for the product.

EU Regulators Examining Binance’s Stock Tokens

  • The U.K. FCA is reportedly working with Binance to better understand the stock tokens, and what regulation may apply to them.
  • Binance said a prospectus was not required as the tokens were not settled in fiat currency, but in Binance USD (BUSD).

Initial Exchange Offerings

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Coincheck to Hold Japan’s First IEO

  • NFT platform Hashpalette will become the first company to hold an IEO on Coincheck sometime this summer.
  • The IEO will not only help Hashpalette gather funds for its blockchain, but also improve Coincheck's cryptocurrency business.