Crypto News Cast For July 29th 2022 ?

Crypto News Cast 📮 29-07-2022

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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: $1106 B
📊24h Mcap %: 28.30%
⚠️Bitcoin Dom: 41.60%
📌Active Coins: 11413
📍24h Vol %: 3.10%
💲24h Vol: $113 B

Crypto News Updates :

Due To Nigerians’ Reliance On Cryptocurrencies, The Naira Now Has “Crypto Exchange Rate”
U.K. Commission Sees The Need To Streamline Crypto Property Law
With $65 Million Series A Round, Unstoppable Domains Reaches Unicorn Valuation
Australia Receives First Gemini-Safeguarded Unlisted Crypto Fund
Solana Plans To Establish IRL Store And Web3 “Embassy” In New York
50% Of Gig Workers Prefer Receiving Some Of Their Paycheck In Cryptocurrency
Next UK Prime Minister Candidates Expresses Support For Cryptocurrency
After The UEFA League Debacle, Binance Entered The NFT Ticketing Space
CME Reports Record Trading in Crypto Derivatives in Q2

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– Due To Nigerians’ Reliance On Cryptocurrencies, The Naira Now Has “Crypto Exchange Rate”

According to Bloomberg, Nigerians have been accumulating cryptocurrency since 2020 as a result of their loss of confidence in the Naira, challenging the official and black-market exchange rates that previously dominated the country’s currency market. The unofficial black-market rate fluctuations based on supply and demand influence more accurately represented the Naira’s real value. Read Full on cryptoslate.

– U.K. Commission Sees The Need To Streamline Crypto Property Law

The U.K. Law Commission suggested revisions to clarify how property laws in England and Wales apply to digital assets, as governments around the world continue to debate how to regulate cryptocurrencies. The commission asserts that non-fungible tokens (NFTs), or exclusive blockchain tokens that represent ownership, are becoming more and more significant in contemporary society. Read Full on Decrypt.

– With $65 Million Series A Round, Unstoppable Domains Reaches Unicorn Valuation

With the help of a $65 million Series A fundraising round, Unstoppable Domains, a Web3 service that offers NFT-based domain names for cryptocurrency wallets and websites, has earned a “unicorn” valuation of $1 billion. Pantera Capital spearheaded the investment round, which also included participation from Mayfield, Alchemy Ventures, Redbeard Ventures, Polygon, CoinGecko, OKG Investments, and other investors. Read Full on Decrypt.

– Australia Receives First Gemini-Safeguarded Unlisted Crypto Fund

Following a partnership with the Gemini exchange, the digital asset venture capital firm and fund manager Holon said that it has become the first Australia unlisted retail bitcoin, ether, and filecoin funds. According to a release, the funds would invest directly in BTC, ETH, and FIL via a conventional investment vehicle known locally as a retail managed investment scheme. Australia is quickly developing into a hotspot for regulated cryptocurrency investment plans. Read Full on blockworks.

– Solana Plans To Establish IRL Store And Web3 “Embassy” In New York

In New York City, a Solana-themed store is going to start operations. The new business, Solana Spaces, is being opened in Hudson Yards and is being sponsored by the Solana Foundation, which created the blockchain network of the same name. Users can learn about Web3 and how Solana functions inside [the store]. Users will receive a wallet and their first NFTs from them, and they will be guided through their first on-chain transactions. Read Full on Decrypt.

– 50% Of Gig Workers Prefer Receiving Some Of Their Paycheck In Cryptocurrency

According to a recent survey, despite the current market collapse, almost half of gig workers are willing to accept cryptocurrency payments as part of their salary. According to a report released recently by digital asset management company Bakkt, 38 percent of gig workers may actually consider earning in cryptocurrency, while a massive 50 percent of those asked felt at ease with doing so. Read Full on Finbold.

– Next UK Prime Minister Candidates Expresses Support For Cryptocurrency

Two of the remaining contenders for the position of next British prime minister, Liz Truss, secretary of state for foreign, Commonwealth, and development affairs, and former chancellor of the Exchequer Rishi Sunak, have both previously indicated support for crypto. In an effort to turn the United Kingdom into a major crypto hub, Sunak asked that the Royal Mint produce a nonfungible token. While Truss has always advocated for a deregulation of the crypto industry. Read Full on cointelegraph.

– After The UEFA League Debacle, Binance Entered The NFT Ticketing Space

Following the havoc caused by fake tickets in the UEFA Champions League 2022, the cryptocurrency exchange Binance has begun testing its non-fungible token (NFT) ticketing solution with the football team Società Sportiva Lazio for the 2022–2023 season. NFT tickets will remove scalping and the problem of bogus tickets, eliminating chaos at sporting events. The NFT tickets will also be used as discounts for shops and sporting events, free tokens, etc.Read Full on cointelegraph.

– CME Reports Record Trading in Crypto Derivatives in Q2

Despite the market sell-off in digital assets escalating, CME Group’s crypto derivatives generated record open interest and higher than average daily volumes during the second quarter. According to a report released by the derivatives exchange, the average daily open interest across all of its crypto products was 106,000 contracts, an all-time quarterly high. About 57,000 contracts were traded on average each day, which was the second-highest quarterly total.Read Full on blockworks.