Blockchain Industry Update(Monobank, Bank of Jamaica, Barclays, Visa)

::Bitcoin:: 

Ukrainian e-bank plans to offer Bitcoin trading in July. Monobank is seeking approval from the National Bank of Ukraine to launch its Bitcoin debit card later this month.

Brazil’s Bitcoin King arrested over 7,000 missing BTC.  The alleged fraudster’s crypto brokerage filed for bankruptcy in 2019 after claiming to have been the victim of a hack.

Bitcoin price will likely shrug off $530M GBTC unlock in July. New research questions the gravity of the upcoming unlocking events at the Grayscale Bitcoin Trust, pointing to bigger potential price threats later in 2021.

Software company Meitu is facing an impairment loss of over $17 million on its Bitcoin holdings. However, the firm is not planning on parting ways with its cryptocurrency any time soon.

GBTC unlock edges closer as an impact on Bitcoin price remains unclear. Contrary to JPMorgan’s analyst, the major GBTC unlock on July 18 might not put any downside risk on BTC’s spot price.

Stacks has been rallying over the last week. The blockchain brings smart contracts to Bitcoin. Through Stacks’ PoX consensus mechanism, holders can stake their STX to earn BTC.

::Blockchain::

Synthetix closed the weekend in bullish mode after rising 21.9% Sunday through Monday. 

Japan’s CBDC development is ready to enter the second phase. By 2022 Japan would have more clarity on what the digital yen would look like.

BarnBridge unveils an application to maintain portfolio weightings of ERC-20 tokens. BarnBridge’s SMART Exposure application automatically rebalances ERC-20 tokens held in a user’s portfolio to ensure they maintain specific weightings.

Boston Celtics basketball team joins fan token platform Socios. Tokenizing professional sports players and franchises seems to be a competitive game among blockchain firms.

Bank of Jamaica to begin testing CBDC in August. Financial institutions to help BOJ distribute CBDC. Jamaica CBDC is an alternate to fiat currencies.

New Zealand to explore central bank digital currency as part of public consultations.

::Crypto::

François Villeroy de Galhau, the Governor of the French Central Bank, Banque de France, has called upon European regulators to introduce a regulatory framework for cryptocurrencies

Philippine Stock Exchange wants to provide crypto trading when regulators approve it.

Vietnam and Philippines choose a crypto-friendly route. Vietnam wants crypto-friendly regulations under the fiat currencies bill. The Philippines chooses to trade cryptocurrencies using the PSE.

Barclays has reported it no longer supports wiring funds to Binance, one of the largest cryptocurrency exchanges in terms of daily volume.

Nigerians trade crypto worth $1.5bn on Paxful amidst crypto ban. Crypto trade surges in Nigeria.

Visa reports over $1 billion in crypto spending in H1 2021. Payment giant Visa will continue connecting the crypto economy to its network of networks to support the broader digital transformation of financial services.

Visa now has 50 active partnerships with crypto firms, up from 35 just four months ago. Visa’s head of crypto Cuy Sheffield told The Block that crypto and stable coins are on track to become an important part of the financial future.

Poland financial regulator issues a public warning about Binance. The cryptocurrency market is neither regulated nor subject to supervision to the Polish Financial Supervision Authority, the regulator said.

Gemini eyes Asia Pacific expansion after getting a good response from Singapore. The exchange plans to open satellite offices in Hong Kong as well.

Africrypt founders are on the run as investors turn to legal action. Africrypt founders are still on the run as investors turn to legal action to try to recoup funds lost in South Africa’s latest cryptocurrency theft scandal.

TikTok bans paid crypto promotions but the financial analysis is unaffected. Social media platform bans paid crypto promotions, but unpaid shilling is still good to go.

Bogdanoff Twins claim they helped invent Bitcoin. The bizarre statements follow a running gag that the 71-year-old twin brothers control the crypto markets…and the world.

$8 Million lost in major ChainSwap exploit. Several tokens have plummeted after ChainSwap suffered its second exploit in eight days. The losses amount to roughly $8 million.

::Ethereum::

Sygnum, a Swiss-based bank, has recently revealed that it will begin offering customers access to Ethereum 2.0 staking through its banking platform.

::NFT::

Los Angeles Dodgers to auction NFT with physical world series ring. Gary Vaynerchuk’s Candy Digital will release Dodgers collectibles as its second MLB launch, following this week’s Lou Gehrig NFT.

Playboy collaborates with Superrare to launch the Miami Beach NFT Collection.

Axie Infinity sets ATH as Ethereum-based NFT Game goes viral. MANA and SAND also thrived in this weekend’s gaming coin rally.

Credit: Telegram VYSYN – Capital News

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Mansi Nashte
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