In today's newsletter: - Crypto exchange Binance is teaming up with Swipe for its debit launch card.
- Bank of Lithuania to launch a CBDC for collectible purposes.
- Crypto Masterclass featuring Jay Smith, a popular trader on the eToro platform, who talks about overlooked and undervalued crypto assets.
A reminder: If you subscribe to our premium content, you'll receive Inside Cryptocurrency ad-free five days a week, along with features like our daily Masterclass, interviews with crypto experts, and the latest studies and reports on crypto. Sign up now for a 14-day free trial! Best, | Rebecca | | | |
Market Watch Coin prices are mostly in the green today during Thursday trading. Bitcoin is trending in an upwards direction and the Kyber Network is up ahead of an upgrade for platform known as Katalyst. Bitcoin | $9,215 | +0.59% | Ethereum | $228 | +0.23% | Tether | $1.00 | +0.08% | XRP | $0.176 | +0.44% | Top 100 Winner: Kyber Network | $1.48 | +16.46% | Top 100 Loser: Compound | $190 | -10.89% | Prices are as of 3:00 p.m. ET. | |
Crypto exchange Binance and Swipe are launching a debit card. The announcement, which is only available on a cached version of the platform's Binance Card FAQ's section, states that Binance has partnered with Swipe to provide "a Card platform for Binance users." The Binance Card would enable the "real time" conversion of crypto to fiat and can be used at merchants globally. Cardholders will be able to withdraw money from ATMs, so long as they are in an area that supports cash withdrawals, Binance said. More: THE BLOCK | |
The Bank of Lithuania plans to launch a pre-sale of its central bank digital currency (CBDC) July 9, which will be issued for collectible purposes only. Known as the LBCOIN, the coin will be issued and sold July 23 and will be based on the NEM blockchain. The BoL plans to sell 24,000 coins that will available in packs of six at a cost of 99 euros. Each of the coins will feature one of the 20 people who signed the country’s declaration of independence in 1918. REUTERS | |
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Our Crypto Masterclass features a well-known thought leader or expert in the crypto space. Today, I focus on Jay Smith, a popular trader on the eToro platform, who talks about overlooked and undervalued crypto assets. | |
Wes Levitt, head of strategy at Theta Labs, believes that YouTube and decentralized alternatives can co-exist. His comments come amid efforts by YouTube to ban crypto-related content. In April, for instance, Jason Appleton, also known as Crypto Crow, said that his YouTube channel was terminated "without warning." Levitt went on to say that the censorship of crypto content is a problem and that a decentralized platform will become a reality as more people get banned from YouTube. However, he doesn't think that YouTube will be completely replaced. COINTELEGRAPH | |
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Since 2017, the total non-fungible token (NFT) sales have reached $100m for the first time. Representing collectibles and artwork, NFTs started gaining popularity with CryptoKitties, a blockchain game on Ethereum that lets players collect, sell, and breed virtual cats. According to Andrew Steinwold, partner at Polynexus Capital, blockchain collectibles account the majority of NFTs sold between 2017 and 2020 at over $37m. DECRYPT | |
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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 | Edited by Eduardo Garcia in New York. Eduardo is a graduate of the Columbia Journalism School M.A. Science program and writes regularly for the New York Times Climate Fwd: newsletter. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
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