| Rebecca | | | |
Market Watch Coin prices have seen a slight drop in value today. Compound has seen a decline in value by nearly 30%, dropping to $212 a coin. Bitcoin | $9,328 | -3.32% | Ethereum | $234 | -3.76% | Tether | $1.00 | +0.03% | XRP | $0.183 | -2.62% | Top 100 Winner: Synthetix Network Token | $1.90 | +26.16% | Top 100 Loser: Compound | $212 | -27.13% | Prices are as of 3:00 p.m. ET. | |
Swiss-based crypto bank SEBA has launched a Bitcoin product that allows investors to earn yield. The product, called the Dual Currency Certificate, will see investors earning a maximum yield of 3.23%, or 44.7% per annum, if Bitcoin's price is equal to, or greater than, the strike price at the product's maturity of three weeks, according to SEBA. At the same time, if Bitcoin's value is down, investors could lose all of their investment, the bank added. SEBA is aiming the product at investors who have a "moderately positive" view on Bitcoin. More: - In December, it was reported that SEBA had expanded its services to nine new countries, making it fully operational for institutional clients and accredited investors in Austria, France, Germany, Hong Kong, Italy, Portugal, Singapore, and the U.K.
- In May, SEBA teamed up with Tokensoft International AG to offer a tokenization service for companies interested in issuing their own security tokens.
THE BLOCK | |
The USD Coin stablecoin will launch on the Algorand blockchain. The integration of the coin, which was jointly developed by Circle and crypto exchange Coinbase, will enable customers who are using Circle APIs or Circle Business Accounts to convert fiat into stablecoins on the Algorand blockchain. According to Jeremy Allaire, CEO of Circle, the combination of USDC and Circle Payment Services with the blockchain will create a basis for creating "scalable, secure, and compliant financial applications." COINTELEGRAPH | |
A message from ELECTRIC The Office of the Future? We’re living in it right now — and it needs some work. Our CEO recently weighed in on the COVID-accelerated shit to remote work. Learn why he’s describing the shift as “a giant step forward in workplace philosophy and two big steps back in workplace capability, security and standardization,” and how to combat these shortcomings. Learn More | |
Our Crypto Masterclass features a well-known thought leader or expert in the crypto space. Today, I focus on Adam Traidman, CEO of BRD, a venture-backed company. In an email sent to Inside Crypto writer Rebecca Campbell, Traidman talks about the impact PayPal could have on the industry following the news that the company is preparing to support crypto transactions. "[This is a] huge social validator to the industry." To get more of Traidman's views and receive our Masterclass every day, sign up for Inside Crypto Premium. GET YOUR 14-DAY FREE TRIAL | | | |
The official FC Barcelona fan token sold out in less than two hours, generating €1.2 million (~$1.35 million). According to an announcement, 600,000 $BAR fan tokens were available at a fixed price of €2 in the flash sale, which went on sale on fan voting & rewards app Socios.com and the Chiliz Exchange. These were sold on a first-come, first-served basis. The announcement further stated that demand was 5x the initial pre-sale and that tokens were sold in 106 countries. CHILIZ/MEDIUM | |
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The Bitcoin.com forum will close on July 23. In a post on Bitcoin.com, the site announced that it would be terminating its services but didn't specify why. Some responded to the notice by questioning why the forum was closing, whether the threads would be archived or deleted, and if they should use a subreddit as an alternative. Bitcoin.com, which is backed by Roger Ver, is a website that focuses on Bitcoin and Bitcoin Cash, as well as providing a crypto exchange and wallet and mining services. BITCOIN.COM | |
Quick Hits - The Venezuelan government tests the acceptance of Bitcoin for some passport applications. The option was only available to some applicants outside of the country for a limited time, with some suggesting that the Bitcoin option was a test run.
- DeFi Money Market, which is backed by venture capitalist Tim Draper, has raised $6.5 million in a token sale.
- Chief architect at Drift cut nearly $2M from their annual AWS bill while serving 1.3 billion chats. Learn how he did it.
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| | This newsletter was written and curated by Rebecca Campbell. She has been writing and reporting on various industries for the past 10 years, more specifically tech in the last three. | | Editor | Jonathan Harris is a writer for Inside.com. Previously, he wrote for The Huffington Post, TakePart.com, and the YouTube channel What’s Trending. | |
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Find out why PCMag named SimpliSafe Editor’s Choice For Home Security. | |