Signs of Diversified Cryptocurrencies, Exchanges Safe Banking Contracts + More News

4 min readJul 14, 2021

News on Investments

· Last week was the quietest trading week since October 2020 because digital asset investment products saw a small outflow, amounted to USD 4M, and was led by Bitcoin (BTC), per coinsares data. “While the inflow remains relatively small compared to Bitcoin and Ethereum (ETH), the data implies that investors are increasingly looking to diversify the ownership of their digital assets,” their report said, adding that, in the past few weeks, the provider of North America saw the BTC inflow Consistent, while Europeans continue to see outflows.

· Capital International Financial Services Company invested more than half a billion dollars into the Microstrategy Stock business intelligence company, according to submissions with the US Securities and Exchange Commission.

News on Exchanges

· Three South Korean banks have decided to extend the banking contract of the original name “four” “state” to September 24, when the grace period for exchange rules was completed officially ended, per Yonhap news agency and the media outlet of Nocut News. UPBIT, Bithumb, Coinone and Corbit hope to renew their six-month contract with the Bank (Shinhan, Nongyup and K-bank) maybe at the beginning of this month. But it seems that the banks have decided to postpone their decisions about the contract renewal to the last moment that allows when the regulatory landscape continues to shift.

· The provider of payment solutions to get acquainted in the UK Jening Junction confirmed it would no longer facilitate payments related to Binance because the announcement of the financial behavioral authority was recently that the exchange was not permitted to carry out any activities set in the UK. “We have decided to suspend GBP and EUR payments and will no longer facilitate deposits or withdrawals that support or on behalf of the Crypto trading platform,” said the company.

· The US Federal Court has permanently prohibited the PaxForex trading platform from trade, demand and registration, and requires the defendant to pay civil monetary punishment of USD 374,864, according to the commodity futures committee (CFTC). The exchange was accused of being involved in illegal transactions, off-exchanges in ETH, Litecoin (LTC), and BTC, in addition to precious metals and foreign currencies, with retail customers with leveraged, margined, or financed.

News on CBDC

· The Ukrainian central bank has spoken in the progress of the central bank digital currency (CBDC). The National Bank of Ukraine (NBU) states that he has completed the survey of stakeholders that aim to determine which CBDC model should be pursued, adding that “in front of most of the world” in digital Fiat plan. The NBU survey found that most respondents supported the development of e-hryvnia which could be “potentially used to make non-cash retail payments” — including financial transfers between private individuals, and e-commerce transactions.

· The Bank of Ghana (BOG) Deputy Governor of Bank of Ghana (BOG), Maxwell Opoku-Afari, said the central bank was in the advanced stage of the digital currency piloting, and that the limitation of the unexpected situation must be tested since modern this year, according to modern Ghana.

News on Adoption

· South Korean Banking Group Woori Financial Group will establish a Digital Asset Asset Custody Joint Venture (JV) with Crypto Solutions Provider Coinplug Inc., according to The Korea Economic Daily. Citing unnamed sources, they add that JV will be included in the earliest next week.

· Diamond 100 giants for sale for more than USD 12.2 million in Cryptoasset which is not determined at the Sotheby’s House auction, according to the New York Post. The diamond was previously estimated to be worth between USD 10M and USD 15M, and the auction house stated that they received BTC and ETT as payment options.

News on Altcoins

· Charles Hoskinson, founder of Cardano (there) and founder of Ethereum, has joined the Cooperative Board etc., the entity assigned to the development and growth of the Ethereum Protocol Classic (etc.). He joined the chairman of the Craig Salm board, and Barry Silbert, Cody Burns, Elaine Ou, and Roy Zou in this position.

News on NFTs

· MEEBITS TOKEN (NFT) non-fungible is sold at OpenSea Marketplace for ETH 1,000 (USD 2.1M). This makes it the most expensive NFT in the MEEBITS collection.

· Italy National Football Captain Giorgio Chiellini has launched the NFT collection, exclusively in Blockasset, Italian football reported. NFTS reflects Italy and “Gladoriorial Spirit of Juventus captain with the opportunity to meet him and receive a shirt charged by him from UEFA Euro 2020, he said.

News on Mining

· Mawson Infrastructure Group, Australia’s digital infrastructure provider, said it has increased its ownership at Luna Squares from 50% to 90%, with the remaining 10% subject to performance obstacles. This acquisition “Cements Mawson ownership of this high-quality hosting and proprietary bitcoin mining facilities in Georgia, USA,” the company said, without giving other details about the agreement.

· Police in Vinnytsia, in Central Ukraine, said they had explored large illegal mining operations that used a vast game console. Ukrainian security services said they found facilities in the city equipped with 50 processors, a number of laptops, 500 graphics cards and 3,800 playstation 4 consoles, all of which were confiscated in a major attack. The miners had set up a store in a warehouse left behind, but officers believed the miners used electricity from the local grid to power their operations. A number of arrests have been made and cases have been sent to the prosecutor.

Source: Cryptonews.com