In today's newsletter: - Wirecard-issued crypto debit cards reactivated by the U.K.'s FCA.
- Israeli blockchain startup develops a Bitcoin undo button for transactions sent to the wrong address.
- Crypto Masterclass, featuring Adam Traidman, CEO of BRD, a blockchain-enabled financial services company, who talks about the recent Wirecard scandal and how blockchain could be a game-changer for audit processes.
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 The market is back in the green during Tuesday trading. Bitcoin is still clinging on above $9,000 and is up slightly today. | Bitcoin | $9,166 | +0.73% | | Ethereum | $228 | +2.13% | | Tether | $1.00 | +0.30% | | XRP | $0.177 | +0.05% | | Top 100 Winner: Elrond | $0.005 | +21.75% | | Top 100 Loser: SwissBorg | $0.101 | -12.55% | Prices are as of 3:00 p.m. ET.
| |
 Wirecard-issued debit cards have been reactivated after receiving the green light from the U.K.'s financial regulator. The Financial Conduct Authority (FCA) said that it had provided written consent to Wirecard Card Solutions, a subsidiary of Wirecard AG, to allow it to issue e-money and provide payment services. Crypto debit cards issued by Wirecard include those from companies such as Crypto.com and TenX. While the restrictions were lifted at 00:01 on June 30, 2020, according to the FCA, the regulator added that "certain requirements" are in place, which have been imposed on Wirecard's authorization. More: THE FINANCIAL CONDUCT AUTHORITY 
| |
Israeli blockchain startup Kirobo claims it has created a way for senders to cancel transactions sent to the wrong Bitcoin address. Known as the Retrievable Transfer, the startup said that it provides a unique code to the sender. The receiver of the funds has to enter the matching code in order to receive the transfer. Kirobo said that it doesn't have access to the user's private keys or their funds. According to Asaf Naim, CEO of Kirobo, the aim of the undo button is to make blockchain transactions easy and secure. COINTELEGRAPH
| |
| |
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 blockchain-enabled financial services company. In an email, Traidman told me about the recent Wirecard scandal and how blockchain could be a game-changer for audit processes. "This fraudulent activity would be seen and audited on a publicly anonymous ledger." 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 U.K.'s Financial Conduct Authority (FCA) has said that roughly 2.6 million residents have purchased crypto "at some point." In its latest research note, it estimated that 1.9 million people, or 3.86% of the general population, currently own cryptocurrencies. It said that 75% of consumers who own crypto hold under $1,000. Notably, 11%, or 300,000, of current and previous crypto owners thought that they were protected. The number of British citizens that hold or have held crypto increased from 3% in 2019 to 5.35% this year, the FCA said. THE FINANCIAL CONDUCT AUTHORITY
| |
 A message from FORMSTACK In an evolving workplace, we can no longer let inefficient processes hold us back. From paperwork to collaboration mishaps, inefficient workflows and rigid systems slow us down and prevent us from doing our best work. Check out our Workplace Woes video series as we take a look at these common challenges and how to overcome them, whether you're in the office or remote. Watch Now
| |
 A man has celebrated the birth of his baby boy, Noah, on the Bitcoin blockchain. Known as Tookdrums, he posted the news on Reddit stating that he has "immortalized" the birth of his son in the "best immutable and decentralized database I know of." Tookdrums, who is from Europe, has also set up a small savings account for Noah, which currently holds 0.05 Bitcoin, around $457, in the account. He said he plans to keep adding money into the account and plans to give Noah the private key when he turns 18. DECRYPT
| |
Quick Hits - The European Innovation Council has given out $5.6m in grants to six blockchain startups. They are WordProof, PPP, GMeRitS, OXBBU, CKH2020, and PROSUME.
- Beijing is hoping to become a hub for blockchain innovation over the next two years. Under a plan announced by the Chinese government, Beijing would be fully integrated with blockchain applications.
- Join Teachable's Online Coaching Challenge to make your first coaching sale this July. Register before June 30th! *
*This is sponsored content.
| |
 |  | 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 | Written and curated 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. | |
ChaosSearch is the data lake engine for scalable log analysis. | |
| |
