Blockchain Industry Update (John McAfee, Binance, Athena Bitcoin, Theta Network)

This week’s market was Volatile. Bitcoin gained more favorite spots among communities. Blockchain use cases and Crypto investment on rising. The sad demise of Mr.John McAfee and much more news…

::Bitcoin::

Senator Cynthia Lummis excited to buy the Bitcoin dip. The conservative Republican from Wyoming plans to buy more BTC if the price drops further.

Duo vanishes with 69,000 Bitcoin, stash worth $4 billion at peak BTC prices. The notorious operators of an African crypto exchange made away with 69,000 Bitcoin.

Investment services company NYDIG announced a pair of new business deals this week. The firm’s deal-making signals ambitions for a broader role at the intersection between banking and bitcoin.

University in Paraguay will take tuition payments in Bitcoin and Ethereum. The Universidad Americana is set to become the first university in Latin America to accept cryptocurrencies.

Bitcoin Taproot locked in to improve privacy and introduce smart contracts. The Bitcoin Taproot upgrade will activate later in 2021 as developers urge to create applications that will leverage its advantages.

China strengthens Bitcoin ban as El Salvador prepares free BTC for citizens. The cryptocurrency market continues to feel the influence of China’s renewed efforts to cast Bitcoin mining out of the country.

Absolutely right to think of Bitcoin as the new gold said Mexico’s 3rd richest man. Ricardo Salinas Pliego doubles down on BTC yet again as gold and the U.S. dollar come in for serious criticism.

Bitcoin’s trajectory on a macro level is generally up. Anyone who has held Bitcoin for 3.25 years has made money.

::Blockchain::

Blockchain dot com introduces username-based crypto transactions. The new integration enables Blockchain.com users to send funds to major wallets by typing a readable domain.

Blockchain not suitable for CBDC, says Swiss national bank economist. Global economists continue to question the implications of blockchain implementation for central bank digital currencies.

Bitcoin ATM operator Athena Bitcoin has unveiled its plan to install 1,500 bitcoin ATMs in El Salvador. Initially, the company will install dozens of machines as a test.

Cardano adds 50,000 new ‘staking’ addresses in just 3 weeks. The platform’s total number of staking addresses grew 8%.

Ultra’s blockchain technology is feature complete and ready for primetime! Together with 7 Block Producers from around the world, the company is launching Ultra’s Mainnet on the 29th of June and opening Ultra’s network to the public.

::Crypto::

Bitmain Technologies Ltd. has suspended sales of its mining machinery. The suspension of sales comes amidst a crackdown on mining in China.

FTX becomes official crypto sponsor of MLB. Sam Bankman-Fried, founder and CEO of FTX and Alameda Research, announced the new partnership on Wednesday.

Kaiko, a Paris-based crypto market data provider, has secured $24 million in a Series A round led by Anthemis and Underscore VC.

Andreessen Horowitz has officially launched its new crypto fund, called Crypto Fund III. The fund has more than $2.2 billion to invest. The firm is also expanding its crypto unit with several key hires.

Chinese banks and financial institutions ban cryptocurrency. As China cracks down on crypto, Bitcoin miner BIT Mining Ltd. delivered its first batch of mining machines to Kazakhstan.

Japan’s Finance Regulator warns Binance is operating without registration. Japan’s lead financial regulator has issued another warning stating that the crypto exchange continues to operate in the country without formal registration.

The U.K.’s financial watchdog has ordered Binance to stop undertaking any regulated activity in the country. Binance has to stop these services in the U.K. by June 30.

NFT

Theta Network has received patent approval for its technology to implement decentralized DRM via NFTs. The technology is aimed at managing rights across multiple domains in the creative industry.

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John McAfee, the founder of the antivirus software, was found dead in his prison cell in Barcelona, where he was doing time for the crime of tax evasion.

 

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Mansi Nashte
Articles: 63

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