VISA APPROVES AUSTRALIAN STARTUP TO ALLOW SPENDING IN BITCOIN

July 19, 2021

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TL:DR

Happy Monday, everyone! This is our first newsletter giving you a weekly overview of crypto-news from around the world. If you’re still not sure who we are, you can find more info about us here. And, if you like what we’re doing, please don’t forget to forward this email to your friends.

Here is the top crypto-news from last week.

MARKETS

▲ Bitcoin

$31,899.19

+0.65%

▲ Ethereum

$1,922.95

+0.94%

▲ Cardano

$1.19

+1.04%

▼ Litecoin

$120.86

-0.21%

▼ Stellar

$0.23

-0.62%

*Cryptocurrency data as of Sunday at 4:00pm PST.

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Weekly Review

Last week’s market perfomance

Unfortunately, the bear market is still on the run. Bitcoin is floating around $30,000 and the rise of cryptocurrencies again leading towards their all-time high seems bleak at the moment.

Technology

Square is making a real-time Bitcoin wallet

The news was shared by Jack Dorsey who is not just the founder of Square but also a top executive on Twitter. The move can make using Bitcoin as a method of payment for ordinary shopping. It’s a big move, suggesting more payment methods are welcoming the usage of cryptocurrencies as their popularity is growing among users. Paypal already does, now Square is coming, probably more will follow.

TRIVIA

What is Bitcoin’s max supply?

A. 5,000,000 B. 90,000.000 C. 1,000,000 D. 21,000,000

Answer Below.

World Policy

South Korea introduces stricter policies

Under new policy by the Korean government, crypto exchanges will have to partner with the local banks which will ensure all the trading that takes place within the accounts is held by actual people. This, of course, is very against the nature of cryptocurrencies and many enthusiasts are fighting this move in South Korea. Time will tell what consequences this brings to cryptocurrencies in South Korea however many experts believe exchanges will delist multiple altcoins.

Finance

S&P Dow Jones Launches 5 more crypto indexes; Tracking 240 coins

Coming to S&P, for the first time S&P Dow Jones indices about five new cryptocurrency index products, making it the first-ever digital asset benchmarking tool entering the market. As per the press statement, the broad digital market or BDM index that includes over about 240 coins will help the investors track different segments of the market.

Technology

Visa approves Australian startup to allow spending in Bitcoin

As the headline suggests, in the coming days Australians will be able to spend crypto through the help of their physical debit card which, as long as it is run by a Visa card. The approval has been given to an Australian financial startup known as “CryptoSpend” which will issue debit cards to the startup’s users. This won’t require the conversion of fiat towards crypto but users can make direct purchases. Isn’t that cool?! 😆

Coin Market Calendar

Date	Project	Website
07/18	Vent Finance	$VENT
07/20	PolkaCipher	$CPHR
07/21	Scaleswap	$SCA
07/26	DeRace	$DERC
07/26	CoinBurp	$BURP

Connect to our shareable calendar here.

Finance

Cryptocurrency still not a threat to traditional finance, says Bank of England

Coming back to England, while there is some crackdown, as we have seen even in the case of Binance which has been told to halt its operation in the UK, however, this is very welcoming news as according to Jon Cunliffe who is currently the Deputy Governor of the Bank of England says: cryptocurrency does not pose any threat to the traditional banking system. Which is also a green signal suggesting authorities let cryptocurrencies themselves flourish? We think so too!

Closing

Bitcoin to Become Dominant in Global Finance by 2050: Study

The week finally ended with the news of Bitcoin becoming the dominant force within the entire global financial system by the year 2050. This was published by Finder, which is a personal finance site. Around 54% of the experts interviewed believed Bitcoin has a much stronger future than many believe. Where do you think cryptocurrency is headed? Do you agree with the study or not? Let us know on Twitter and Discord!

TRIVIA ANSWER

D. 21,000,000 There are only 21 million bitcoins that can be mined in total. Once miners have unlocked this number of bitcoins, the supply will be exhausted. However, it’s possible that bitcoin’s protocol will be changed to allow for a larger supply.