Elon Musk spoke at The B Word conference / Argo blockchain filed for US IPO / Fresh Funding

Plus: A transparency report from Paxos revealed its stablecoins are backed by 96% cash or cash equivalents.

Inside.com Part of   Network July 21, 2021

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The global crypto market cap is $1.21T 6.62%▼ with a 24-hour market volume of $78.01B 20.82%▲. Bitcoin's dominance is currently 46.21% 0.18%▼. CURRENT PRICES BY MARKET CAP # Name Price 24h % 1 Bitcoin BTC $31,759.32 6.46% ▲ 2 Ethereum ETH $1,951.21 8.64% ▲ 3 Binance Coin BNB $286.45 6.47% ▲ 4 Cardano ADA $1.15 8.03% ▲ 5 XRP XRP $0.5664 6.53% ▲ *Prices as of 3:30 p.m. ET.

Elon Musk said Tesla would resume accepting bitcoin (BTC) once its usage of renewable energy reaches 50%. The statement came from his discussion with Jack Dorsey and Cathie Wood at "The B Word" conference. More:  Musk said he supports all cryptocurrencies, including bitcoin, despite his issues with proof of work cryptocurrencies. He further stated he owns a “meaningful” amount of bitcoin, dogecoin (DOGE), and ethereum (ETH). While reiterating that Tesla is a holder of bitcoin, he additionally shared that SpaceX also owns bitcoin.

Argo Blockchain submitted draft registration to the SEC for an upcoming U.S. IPO. The crypto mining company is already listed on the London Stock Exchange. More: Argo is a clean energy bitcoin mining company that has been in operation since 2018. Galaxy Digital recently loaned Argo $20M so the company could expand its mining operations and facilities. If accepted by the SEC, Argo would join Greenidge Generation Holdings and Cipher Mining as the third crypto mining company to go public this year.

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▲ TOP GAINERS # Name Price 24h % 1 Telcoin TEL $0.01315 29.13% ▲ 2 Axie Infinity AXS $18.84 21.23% ▲ 3 Flow FLOW $14.20 17.41% ▲ 4 Polygon MATIC $0.8468 16.52% ▲ 5 Theta Fuel TFUEL $0.2687 14.86% ▲ ▼  TOP LOSERS  # Name Price 24h % 1 UNUS SED LEO LEO $2.93 6.19%▼ 2 Celo CELO $2.26 0.62%▼ 3 Revain REV $0.005702 0.50%▼ *Limited to cryptocurrencies in the Top 100. Prices as of 3:30 p.m. ET.

🍋Fresh Funding🍋 ⮕ Zed Run, NFT/Gaming: $20M ⮕ The Series A funding round was led by TCG Capital Management with participation from Red Beard and Andreessen Horowitz. More: Zed Run is an NFT horse racing game created by Virtually Human Studio (VHS) that allows players to buy, breed, and race virtual horses. The fresh funding will be used to strengthen VHS products and build out their engineering and business operations. Zed Run virtual steeds are currently being sold for as much as 30 ETH ($57,000) on OpenSea.

🍋Fresh Funding🍋  FLURRY, DeFi Protocol: $3M ⮕ The investment funding round was lead by Flurry Finance with participation from GenBlock Capital, One Block, AU21 Capital and others. More: FLURRY is a DeFi protocol offering yield aggregation with rhoToken, which boasts lower gas fees by automatically farming for yields. This fresh funding will be used to prepare the company’s DeFi products and IDO for launch in Q3 of 2021. FLURRY aims to increase the usability of its DeFi products with a more user-oriented model that will help investors grow their crypto assets with ease.

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QUICK HITS See how a viral video game, Cookie Run: Kingdom, has 360,000+ concurrent users pushing 60,000 SQL QPS to 90 nodes running on CockroachDB. * Tyson Fury sold “Lineal by Tyson Fury” for $987K via HoDooi, making it one of the most expensive sports-related NFT sales to date. Upgrade, a fintech company, announced a bitcoin credit card with the perk of unlimited 1.5% BTC back on purchases. PayU and CELO entered a partnership to offer a stablecoin payment program using cUSD. Bitcoin mining company Core Scientific announced that it would be going public through a merger with Nasdaq-listed Power and Digital Infrastructure Acquisition Corp. (XPDI). A transparency report from Paxos revealed its stablecoins (Paxos Standard and Binance USD) are backed by 96% cash or cash equivalents. SEC chairman Gary Gensler suggested that “stock tokens” may be the subject of upcoming regulation and enforcement actions. Bitstamp announced that Kraken CCO Robert Zagotta would become the company’s first CEO for U.S. operations.  87% of all businesses worldwide use video as part of their overall marketing strategy. See more insights about video conferencing in 2021. * * Sponsored Content

Griffin McShane is a J.D. candidate currently living in Portland, Maine. He is a graduate of Providence College, where he studied both computer science and business. Griffin aspires one day to go to the moon and bring some of his altcoins along for the ride. Editor Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford.

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