| | |  Rebecca |  | | |
Market Watch Most coin values are in the green during mid-week trading. Bitcoin is once again heading in an upwards direction as it passes the $9,300 mark. | Bitcoin | $9,304 | +0.43% | | Ethereum | $242 | +2.45% | | Tether | $1.00 | +0.25% | | XRP | $0.198 | +7.62% | | Top 100 Winner: VeChain | $0.020 | +32.34% | | Top 100 Loser: Flexacoin | $0.003 | -11.08% | Prices are as of 3:00 p.m. ET.
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 Ride-sharing company Didi Chuxing is to trial China's central bank digital currency (CBDC). DiDi said that it had reached a "strategic agreement" with the People's Bank of China (PBoC) to study and explore the application of a digital yuan, also known as a Digital Currency Electronic Payment (DCEP). The ride-sharing firm said that a DCEP will become a "key infrastructure of the digital economy." DiDi will be working with the central bank to help bring the digital yuan into the real economy, it said. More: - The PBoC’s National Council for Social Security Fund, Wang Zhongmin, said in June that the backend architecture development of China's digital yuan had been completed.
- Despite this, there is yet no launch date for the CBDC.
- The PBoC began testing its digital yuan in April 2020. It has been under development since 2014.
THE BLOCK 
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 There are over 45,000 blockchain registered companies in China, new data shows. According to Chinese news site Qcc.com, over half are located in China's Guangdong province. The number of blockchain companies in China has risen since 2016; however, 2018 saw a significant increase, with approximately 16,000 organizations emerging. The growth rate slowed down in 2019 but 2020 is seeing a steady increase, with June experiencing a monthly record, with 2,406 firms registering. Last year, Chinese president Xi Jinping praised the technology, urging the country to speed up blockchain adoption. DECRYPT
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Our Crypto Masterclass features a well-known thought leader or expert in the crypto space. Today, I focus on Bitcoin educator Andreas Antonopoulos, who said that Bitcoin will never be truly private. Antonopoulos said that creating privacy features on Bitcoin "would create an enormous amount of controversy." To get more of Antonopoulos' views and receive our Masterclass every day, sign up for Inside Crypto Premium. GET YOUR 14-DAY FREE TRIAL  | | | |
A new study has found that 89% of crypto investors worry about what may happen to their assets after they die. The study, conducted by The Cremation Institute found that despite this, only 23% of investors have a documented plan in place to ensure their assets are distributed among family members. According to the study, 59% of Generation Z and 35% of Millenial crypto holders have no plans in place. Meanwhile, 86% of Generation X and 94% of Baby Boomers report having some sort of plan in place. CREMATION INSTITUTE
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 Crypto exchange Coinbase has hired Facebook's former vice president and deputy general counsel Paul Grewal as its new Chief Legal Officer. Prior to joining Facebook, Grewal spent over five years serving as the U.S. magistrate judge for the Northern District of California. During his tenure, he oversaw thousands of cases, many of which involved technological issues. Some of these included the Apple v. Samsung and Oracle v. Google cases, which Coinbase noted in its announcement. COINBASE
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Quick Hits - Mercedes-Benz's parent company Daimler AG is teaming up with Ocean Protocol, a decentralized data exchange protocol focused on data collation, in a pilot project that will see it collecting and packaging data for monetization.
- The Venezuelan army has seized 315 bitcoin mining machines after they were found to not have a permit issued by the National Superintendence of Cryptoactives and Related Activities (Sunacrip). This is the highest authority on crypto in the country.
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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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