Crypto News Cast 📮 19-07-2022
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $1038 B
📊24h Mcap %: 17.68%
⚠️Bitcoin Dom: 42.00%
📌Active Coins: 4549
📍24h Vol %: 24.88%
💲24h Vol: $113 B
Crypto News Updates :
- Australian Central Bank Governor Promotes Private Sector Crypto Regulation
- Binance Exchange Now Holding The Most Bitcoin Globally, Overtaking Coinbase
- Crypto Is Likely To Be Essential For The Future Financial System
- In Collaboration With NYDIG, Southland Credit Union Will Accept Bitcoin Payments
- Christie’s Opens A Venture Fund For Investments In Web3 And Blockchain Technology
- Most Players Think Metaverse Will Have A Positive Impact On The Gaming Industry
- Everybody’s Portfolio Will Include Bitcoin, According To A Former Blackrock Official
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– Australian Central Bank Governor Promotes Private Sector Crypto Regulation
According to Phillip Lowe, governor of the Australian central bank, a private solution will be preferable for cryptocurrencies as long as risks are reduced by regulation. Phillip Lowe maintains there are risks associated with dealing with cryptocurrencies that can be reduced by strict rules, but the technology should be produced by private businesses. Recent stablecoin dangers can be mostly attributed to depegging occurrences. Read Full on cointelegraph.
– Binance Exchange Now Holding The Most Bitcoin Globally, Overtaking Coinbase
Will Clemente, the chief insights analyst at Blockware Solution, reports that Crypto Exchanges Binance and Coinbase have alternated holding the largest amount of Bitcoin of any exchange. Coinbase, which is the more established among the two exchanges since 2012, have always had a clear advantage, but Binance, which entered the cryptocurrency market in 2017, has since thrived to overtake it. Read Full on Finbold.
– Crypto Is Likely To Be Essential For The Future Financial System
According to Eddie Yue, CEO of the Hong Kong Monetary Authority, despite the industry’s flaws, cryptocurrencies are expected to be a major component of future financial systems. Yue pointed out that most cryptocurrency projects’ underlying technology could be modified to work with the existing banking system. However, Yue advocated for industry regulation to prevent risks like the recent Terra (LUNA) ecosystem catastrophe, which caused huge losses.Read Full on Finbold.
– In Collaboration With NYDIG, Southland Credit Union Will Accept Bitcoin Payments
The second credit union in Southern California to allow customers to buy bitcoin through its mobile banking app is Southland Credit Union, a billion dollar organization. A collaboration with the bitcoin bank NYDIG, which specializes in providing infrastructure to businesses and organizations wishing to broker bitcoin services to their consumers, made it possible to buy bitcoin. In NYDIG, users will be able to buy, sell, and hold their bitcoin. Read Full on Bitcoin Magazine.
– Christie’s Opens A Venture Fund For Investments In Web3 And Blockchain Technology
The auction company Christie’s has established an investment fund to help young businesses that have technology that enables seamless consumption of art. The fund will provide financial support to businesses in Web3, art-related financial products and solutions, and technologies relating to fine art and luxury goods, according to the auction house. LayerZero Labs, a business creating tools to support omnichain decentralized apps, will be its first investment. Read Full on cointelegraph.
– Most Players Think Metaverse Will Have A Positive Impact On The Gaming Industry
A survey conducted by the software development company Globant and Yougov shows the majority of players, over half of those polled, anticipate that the metaverse will have a beneficial impact on the gaming business. While 41% of this group says it will do so in a favorable way, 25% disagrees. The survey, which solicited feedback from 1,000 PC, console, and mobile gamers, also discovered that most gamers are still skeptical with advertising in the metaverse.Read Full on Bitcoin News.
– Everybody’s Portfolio Will Include Bitcoin, According To A Former Blackrock Official
Edward Dowd, a former executive at Blackrock has emphasized that despite the recent dip in the cryptocurrency market, Bitcoin is here to stay and has the potential to be included in everyone’s portfolio. According to Dowd, if Bitcoin reaches maturity, it will probably surpass gold due to its capacity for digital transactions. Dowd contends that while gold is still a sound investment, Bitcoin has a better chance of succeeding as a wealth store. Read Full on Finbold.
