Visa reported $1B in crypto transactions / Argentina introduced crypto legislation / Fresh Funding

Plus: NFT sales reached a record $2.5B in the first half of 2021

Inside.com Part of   Network July 07, 2021

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Tomorrow, July 8, 2021, we will be hosting our virtual event, Mastering NFTs. This event is free to attend for all Inside subscribers thanks to our sponsors SuperWorld and Near Protocol. Please join us as we hear and learn from those leading the future of NFTs. Speakers include: Gmoney NFT (NFT collector & trader) Benoit Pagotto (RTFKT Studios) Roman Tirone (Zed.Run) Will O'Brien (NFT Oasis) Plus more... Save your seat now → [CLICK HERE] Griffin

The global crypto market cap is $1.47T 2.38%▲ with a 24-hour market volume of $75.91B 4.56%▲. Bitcoin's dominance is currently 44.17% 0.14%▼. CURRENT PRICES BY MARKET CAP # Name Price 24h % 1 Bitcoin BTC $34,724.65 2.28% ▲ 2 Ethereum ETH $2,368.17 2.07% ▲ 3 Binance Coin BNB $338.10 6.13% ▲ 4 Cardano ADA $1.42 1.13% ▲ 5 XRP XRP $0.6693 1.19% ▲ *Prices as of 3:00 p.m. ET.

Visa reported over $1B in crypto purchases in the first half of 2021. Visa only began offering the ability to pay with digital assets at the start of this year. More: The company seeks to provide usable onramps for merchants to boost the functionality of cryptocurrency payments. Visa began offering transaction settlements through Circle’s USDC back in March. Despite expanding their crypto operations, Visa maintains that they will only retain currencies they “pay people in” on their balance sheets.

Argentine Chamber of Deputies’ José Luis Ramón introduced legislation for workers to receive salaries in crypto. The bill would provide partial or full salary payments in crypto for “exporter of services” workers. More: Exporter of services positions includes workers providing services abroad who would otherwise need to convert their paychecks to the Argentine peso. The Argentine National Congress passed a law in 2019 that established a 30% tax on foreign currencies but exempt cryptocurrencies.  The proposed legislation comes amid a rise in crypto acceptance among Central and South American countries.

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▲ TOP GAINERS # Name Price 24h % 1 Harmony ONE $0.09239 33.46% ▲ 2 Axie Infinity AXS $14.51 32.23% ▲ 3 Decentraland MANA $0.7538 24.48% ▲ 4 KuCoin Token KCS $13.82 23.77% ▲ 5 Enjin Coin ENJ $1.41 21.63%▲ ▼  TOP LOSERS  # Name Price 24h % 1 Synethix SNX $11.36 6.03%▼ 2 Compound COMP $463.88 4.52%▼ 3 XinFin Network XDC $0.09803 3.89%▼ 4 Telcoin TEL $0.02208 2.61%▼ 5 Celo CELO $3.12 1.65%▼ *Limited to cryptocurrencies in the Top 100. Prices as of 3:00 p.m. ET.

🍋Fresh Funding🍋 WiV Technology, NFTs/Wine: $1.5M ⮕ The $WIVA token funding round was participated in by RedCave Ventures, SuperNatural, 1010 Capital, StableNode, Daniel Maegaard, and Tokenization. More: WiV offers a platform for retail and institutional investors to buy NFTs developed by wine vineyards. NFTs represent physical bottles or cases of wine to allow for greater liquidity for vintners. WiV plans to use the fresh funding to grow its engineering, design and operations teams while also developing the platform.

🍋Fresh Funding🍋 Zerion, DeFi Aggregator: $8.2M ⮕ The Series A funding round was led by Mosaic Ventures and participated in by Placeholder, Digital Currency Group, Lightspeed Venture Partners, Blockchain.com Ventures, and others. More: Zerion is a DeFi interface provider expanding its support from Ethereum to Polygon and Finance Smart Chain. Zerion expects to grow its user base from 200,000 to 1 million through new feature integrations and an expanded team with the fresh funding. Zerion has received a total of $10.2M in funding to date.

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QUICK HITS Want to develop your team's STEM skills and understanding? Learn by doing, not lecturing, with interactive challenges and visualizations. * NFT sales reached a record $2.5B in the first half of 2021. New Zealand released a roadmap demonstrating its plans to construct a public blockchain for a CBDC. UFC agreed to a $175M deal with Crypto.com for kit sponsorships.  Former CFTC Chairman Timothy Massad told Bloomberg that a bitcoin ETF could “enhance transparency and integrity” in the cryptocurrency space. Terra partnered with Harmony to offer cross-chain DeFi products through UST and Anchor. Switzerland’s Sygnum Bank became the first bank to offer Ethereum 2.0 (ETH2) staking. Shape Your Own CI/CD Virtual Event - Submit your questions to learn from an experienced panel of leaders led by Kelsey Hightower. Register now. * * Sponsored Content

Upcoming events hosted by Inside.com July 8, 2021 – Inside Cryptocurrency: Mastering NFTs (Register Here) July 19, 2021 – Angel University by LAUNCH (Register Here) July 29, 2021 – Inside NoCode: Building Without Developers (Register Here) October 26-27 2021 – Meet our Fund Fall ’21 Cohort (Register Here) To register for our events visit: events.inside.com

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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