Crypto News Cast 📮 21-07-2022
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today, It includes all the latest news, prices, and events in the cryptocurrency world.
24hours Cryptocurrency Market Cap:
📈MarketCap: $1045 B
📊24h Mcap %: -31.56%
⚠️Bitcoin Dom: 42.10%
📌Active Coins: 4549
📍24h Vol %: -18.12%
💲24h Vol: $81 B
Crypto News Updates :
- Colombia Develops Its Local Cryptocurrency Industry’s Regulatory Framework
- 21Sahres Deploys S&P Risk Controlled Bitcoin And Ether ETPs
- Bitcoin Mining Council Confirms That Sustainable Bitcoin Mining Power Mix Hits 59.5%
- Polygon Introduces A New Scaling Solution To Reduce Ethereum Costs
- Texas Bitcoin Miners Restarts Operations After Shutting Down Due To Electricity
- Crypto Regulation Framework To Be Released By The Central Bank Of Singapore
- Ireland Grants Gemini A Virtual Asset Service Provider License
- Italy’s Regulatory Body Approves Crypto.com To Offer Services
- In Southeast Asia, 51% Bitcoin Investors Utilize The Cryptocurrency To Protect Their Capital
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– Colombia Develops Its Local Cryptocurrency Industry’s Regulatory Framework
The government of Colombia has published proposed regulations for cryptocurrency businesses who wish to operate there. The regulations include cybersecurity best practices, methods to track cryptocurrency transactions, and a risk management framework for money laundering and terrorism financing. The strategy demonstrates Colombia’s commitment to a time when people will be able to purchase cryptocurrency using standard banking accounts. Read Full on Decrypt.
– 21Sahres Deploys S&P Risk Controlled Bitcoin And Ether ETPs
Due to its new risk-adjusted cryptocurrency investment products, 21Shares is attempting to match the benchmarks of the S&P Dow Jones Indices despite the over 50% decline in the cryptocurrency markets this year. In an effort to reduce volatility, the Swiss cryptocurrency investment company 21Shares has introduced two new exchange traded products (ETPs) that give investors exposure to the two largest cryptocurrencies, Bitcoin (BTC) and Ether (ETH).Read Full on cointelegraph.
– Bitcoin Mining Council Confirms That Sustainable Bitcoin Mining Power Mix Hits 59.5%
According to the most recent Q2 2022 report from the Bitcoin Mining Council, nearly 60% of the electricity utilized to operate Bitcoin (BTC) mining equipment originates from environmentally friendly sources. The global Bitcoin mining industry now uses 59.5% of sustainable energy, up 6% from Q2 2021 and 2% from Q1 2022, according to the BMC’s Q2 review, published on Tuesday. This makes it one of the most sustainable industries in the world. Read Full on cointelegraph.
– Polygon Introduces A New Scaling Solution To Reduce Ethereum Costs
Polygon, a provider of Web3 infrastructure, announced that the release of Polygon zkEVM (zero-knowledge Ethereum Virtual Machine), which is billed as the “first” scaling solution for Ethereum that makes use of the zero-knowledge proofs cryptographic technique. The team estimates that Polygon zkEVM will significantly reduce layer-1 Ethereum network expenses by roughly 90% while also dramatically increasing throughput capacity. Read Full on Decrypt.
– Texas Bitcoin Miners Restarts Operations After Shutting Down Due To Electricity
Large-scale Bitcoin miners in Texas have resumed regular operations after having been idle for several weeks as part of efforts to stabilize electricity demand. Due to increasing electricity use brought on by high temperatures that drove inhabitants to switch on their air conditioners in large numbers, the operators had to stop mining operations at the request of the Electric Reliability Council of Texas (ERCOT).Read Full on Finbold.
– Crypto Regulation Framework To Be Released By The Central Bank Of Singapore
Next month, rules for Singapore’s transformation into a center for bitcoin and other cryptocurrencies will be released by the Monetary Authority of Singapore (MAS). Much of the plan focused on the importance of establishing stricter expectations for entities intending to use Singapore as a cover for unethical practices, even though the nation seeks friendly relations with those looking to operate in the larger cryptocurrency space and become a hub for digital assets.Read Full on Bitcoin Magazine.
– Ireland Grants Gemini A Virtual Asset Service Provider License
Gemini claims to be the first company to be authorized by the Central Bank of Ireland (CBI) to operate as a virtual asset service provider (VASP). An organization acquired an electronic money institution (EMI) authorization from the CBI earlier in February 2022. Ireland-based individuals and organizations can now use Gemini’s exchange and custody services to buy, sell, and store more than 100 cryptocurrencies as well as the euro and British pound. Read Full on cointelegraph.
– Italy’s Regulatory Body Approves Crypto.com To Offer Services
Organismo Agenti e Mediatori, Italy’s top financial regulator, has given the go-ahead for the digital asset exchange Crypto.com to offer a variety of goods and services to Italian customers in accordance with national law. Despite the crypto cold and its harmful effects, Crypto.com continues to broaden its global presence. In order to provide a wide range of products and services to its devoted clients, Crypto.com will keep collaborating with authorities. Read Full on CryptoPotato.
– In Southeast Asia, 51% Bitcoin Investors Utilize The Cryptocurrency To Protect Their Capital
A study of 150 Southeast Asian consumers by the AAX cryptocurrency exchange and Forrester Consulting found that 51% of Southeast Asian Bitcoin users utilized their currency to save money and maintain their wealth. About 47% of Southeast Asian Bitcoin users wanted to make money, while 44% used it as a hedge against profits or losses in other investments. Additionally, about 63 percent stated that Bitcoin has uses other than financial returns.Read Full on Forkast.
