Crypto Diversification Marks, Exchanges Secure Banking Contracts + Other News

Source: Adobe / Franz Pfluegl

Get your daily, bite-sized roundup of crypto asset and blockchain news – and investigate the stories flying under the radar of today’s crypto news.

Investment news

  • Last week was the quietest week of trading since October 2020 as digital asset investment products saw minor outflows totaling $ 4 million, led by Bitcoin (BTC), according to CoinShares data. “While inflows remain relatively small compared to Bitcoin and Ethereum (ETH), the data suggests investors are increasingly looking to diversify their digital asset holdings,” the report said, adding that North American providers are in The past few weeks have seen steady BTC inflows while Europeans continued to see outflows.

    Crypto Diversification Marks, Exchanges Secure Banking Contracts + Other News 102MTD – for months; YTD – since the beginning of the year; AUM – assets under management. Source: CoinShares

  • The financial services company Capital International has invested more than half a billion dollars in the shares of the business intelligence company MicroStrategy, according to a report filed with the US Securities and Exchange Commission.

Exchange messages

  • Three South Korean banks have decided to cancel the real-name banking contracts of the country’s “Big Four” crypto exchanges by 24 NoCut messages. Upbit, Bithumb, Coinone and Korbit were hoping to renew their existing six-month contracts with the banks (Shinhan, NongHyup and K-Bank) possibly later this month. However, it appears that banks have instead decided to postpone their contract renewal decisions until the last possible date as the regulatory landscape continues to change.
  • UK-based payment solutions provider Clear Junction confirmed that it will no longer facilitate payments related to Binance due to the recent announcement by the Financial Conduct Authority that the exchange will not be allowed to engage in regulated activities in the UK. “We have decided to suspend both GBP and EUR payments and will no longer allow deposits or withdrawals in favor of or on behalf of the crypto trading platform,” the company said.
  • According to the Commodity Futures Trading Commission (CFTC), the US Federal Court of Justice has permanently banned the trading, advertising and registration of the trading platform PaxForex and obliged the defendant to pay a civil fine of USD 374,864. The exchange was accused of having carried out illegal, over-the-counter transactions in ETH, Litecoin (LTC) and BTC in addition to precious metals and foreign currencies with private customers on a leverage, margin or financial basis.

CBDCs news

  • The Ukrainian central bank has commented on the advances in its central bank digital currency (CBDC). The National Bank of Ukraine (NBU) said it had completed a stakeholder survey to determine which CBDC model to pursue, adding that it was “ahead of the rest of the world” in its digital fiat plans. The NBU survey found that most respondents were in favor of developing an e-hryvnia that “could potentially be used for cashless retail payments” – including financial transfers between individuals and e-commerce transactions.
  • Bank of Ghana (BoG) First Deputy Governor Maxwell Opoku-Afari said the central bank is at an advanced stage in piloting a digital currency and should, unless unforeseen circumstances arise, Modern said. Ghana will be piloted from September this year.

Adoption News

  • The South Korean banking group Woori Financial Group will set up a joint venture (JV) for the custody of digital assets with the crypto solution provider Coinplug Inc., according to Korea Economic Daily. Citing unnamed sources, they added that the JV will start next week at the earliest.
  • A giant 100-carat diamond was sold for more than $ 12.2 million in an unspecified crypto asset at auction house Sotheby’s, according to the New York Post. The diamond was previously valued at between $ 10 million and $ 15 million, and the auction house said it accepted both BTC and ETH as payment options.

Altcoins news

  • Charles Hoskinson, the founder of Cardano (ADA) and co-founder of Ethereum, has joined the board of directors of the ETC Cooperative, tasked with developing and growing the Ethereum Classic (ETC) protocol. In this position, he joins CEO Craig Salm as well as Barry Silbert, Cody Burns, Elaine Ou and Roy Zou.

NFTs news

  • A non-fungible token (NFT) meebits was sold on the OpenSea marketplace for 1,000 ETH (2.1 million USD). This made it the most expensive NFT in the Meebits collection.
  • The captain of the Italian national soccer team, Giorgio Chiellini, has released an NFT collection exclusively on Blockasset, reported Football Italia. The NFTs reflect the “gladiatorial spirit” of the captain of Italy and Juventus, with the chance to meet him and receive a UEFA EURO 2020 shirt worn by him, it said.

Mining news

  • Mawson Infrastructure Group, an Australian digital infrastructure provider, has increased its stake in Luna Squares from 50% to 90%, with the remaining 10% subject to performance hurdles. The acquisition “solidifies Mawson’s ownership of this high-quality hosting and proprietary bitcoin mining facility in Georgia, USA,” said the company, without providing any further details on the transaction.
  • Police in Vinnytsia, west-central Ukraine, say they unearthed a large illegal mining operation that made extensive use of game consoles. Ukrainian security services said they found a facility in the city with 50 processors, a range of laptops, 500 graphics cards and 3,800 PlayStation 4 consoles, all of which were confiscated in a major raid. The miners had settled in an abandoned warehouse, but officials believe the miners used electricity from the local grid to power their operations. There have been a number of arrests and cases have already been referred to prosecutors.

(Updated at 16:33 UTC with an announcement from Clear Junction.)

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