“John McAfee, the controversial software magnate and crypto booster, has died by suicide in a prison in Barcelona. McAfee was awaiting extradition to the U.S. for tax fraud, which the Spanish High Court authorized just this morning.
Everything indicates that it could be a death by suicide.
McAfee was a controversial figure in the later years of his life, participating in alleged “pump and dump” schemes as well as being paid to promote a number of initial coin offerings, without disclosing those payments.”
“Crypto-friendly payments app Wirex intends to bring decentralized finance (DeFi) to a mass audience.
Wirex is launching X-Accounts, a new service that offers users the chance to earn up to 10% interest on crypto holdings and 16% on fiat funds, in a partnership with custody and infrastructure firm Fireblocks. Behind its hassle-free custodial platform, Wirex is tapping DeFi majors Aave, Uniswap, MakerDAO and 1inch.
The income you can generate with DeFi pools and lending is much higher than the centralized model where you use institutional lenders to generate interest.”
“Blockchain investment firm QR Capital’s bitcoin exchange-traded fund (ETF) started trading on the Brazil stock exchange today. The bitcoin ETF will give investors exposure to bitcoin with safe custody, daily liquidity, without worrying about private keys.
The arrival of bitcoin in the stock market is a historic moment for the cryptomarket and the conventional financial market as well. The Brazilian investor has now a regulated and robust choice to buy bitcoin.”
“The Bank of Israel (BOI) completed its pilot in an experimental, closed environment based on Ethereum’s architecture, involving the trial issuance of tokens representing digital shekels and their transfer amon digital wallets.
As part of its pilot, the BOI successfully tested its ability to program a car ownership certificate transfer using nonfungible digital tokens (NFT) and completed a transaction wherein an NFT payment was made the condition of the certificate’s transfer and vice versa.
This application, the report stated, represents just one possible example of what payment services providers, tasked with providing digital wallets for the public, could be able to build. The BOI has reportedly asked industry actors to propose various smart applications that could prospectively be built upon the infrastructure of a future digital shekel.”
“Since January, the amount of ether (ETH) held in smart contracts has increased over 50% to an all-time high of 26.7 million ETH, worth roughly $50 billion. Meanwhile, the amount of ETH held on cryptocurrency exchanges fell to a two-year low of 13 million ETH.
As of June 2021, close to one quarter of total ETH supply is held and managed by smart contract accounts. Of the 26 million ETH held in smart contracts, roughly 8.5 million is used within decentralized finance (DeFi) apps such as MakerDAO, Aave, Compound and Uniswap.
After DeFi apps, the Ethereum 2.0 deposit contract, which is the smart contract that creates validators on the Eth 2.0 Beacon Chain, is the second-most popular by total value locked, holding around 5.8 million ETH.
Increasing value in these smart contracts suggests the use case for ether as a speculative asset to trade on exchanges is growing weaker while the asset’s narrative as an interest-bearing crypto asset to be used within the decentralized application (dapp) ecosystem of Ethereum is taking off.“
“Fresh on the heels of the unveiling of the FTX Arena in Miami, the crypto exchange is becoming the “Official Cryptocurrency Exchange brand of MLB.” Under the baseball deal, FTX branding will appear on all umpire uniforms starting at the All-Star Game in Denver on July 13 and continue into the postseason. MLB is calling FTX its “first-ever umpire uniform patch partner.”
Bankman-Fried said FTX and MLB have plans on ‘collaborating on products and experiences together.’ The data-minded traders at FTX crunched the numbers and found sports naming rights to yield the best return on investment for their marketing spending.”
“The two blockchain bills – the Blockchain Innovation Act and parts of the Digital Taxonomy Act – direct the Secretary of Commerce and the Federal Trade Commission (FTC) to study and report on the use of blockchain technology and digital tokens.
The blockchain bills are one of many in a series of attempts to provide regulatory clarity on digital asset ownership and management. Many in the crypto space are increasingly demanding regulation, claiming that the lack of a legal framework stifles innovation.
Previous attempts at providing regulatory clarity, including Rep. Warren Davidson’s (R-Ohio) Token Taxonomy Act, which was first introduced in 2018, have failed to gain any meaningful traction.”