5 July

“In response to “extensive demand from various institutions,” Aave’s permissioned deployment will go live this month. The platform provides a rail for institutions to begin deeply engaging with decentralized finance.

At launch, Aave Pro will only support four assets — Bitcoin (BTC), Ether (ETH), Aave and USD Coin (USDC), with its pools segregated from Aave’s other deployments.

The platform will add a whitelisting layer onto its v2 smart contracts to ensure that only “institutions, corporates, and fintechs” that have passed Fireblocks’ Know Your Customer verification can access Aave Pro. Fireblocks will also be tasked with implementing Anti-Money Laundering and anti-fraud controls for Aave Pro.

The email also notes plans to decentralize governance for Aave Pro in the future.”

See Also: SNX hits multi-week highs as total value locked on Synthetix approaches $1 billion

The American CryptoFed DAO received notice from the Wyoming Secretary of State’s office on Tuesday recognizing it as a legal entity. The Merchant Advisory Group (MAG), which represents 165 of the largest merchants in the U.S., expressed its support of the filing.

Wyoming is the leading digital assets jurisdiction in the USA, and now with this DAO law, Wyoming is arguably the top blockchain jurisdiction in the world.

The American CryptoFed DAO was established by mobile banking solutions provider mSHIFT on July 1, 2021. The project describes its mission as promoting a two-token economy that is immune from inflationary or deflationary influences.”

“With effect from today, Barclays intends to stop credit and debit card payments to Binance.

The decision follows shortly after the U.K. Financial Conduct Authority (FCA) announced that Binance was not allowed to conduct any regulated activities in the country.”

“The experiment was conducted with the European blockchain firm LiquidShare and involved the issuance and settlement of both unlisted and listed securities using blockchain technology.

This experiment made it possible to test the integration of issuance and settlement activities, including exchanges on the secondary market.

In June, the bank announced a new CBDC experiment with the Swiss National Bank dubbed “Project Jura,” involving the bank-to-bank wholesale lending market.”

Decentraland: 2nd Annual ‘Art Week’ Announced – July 8-18th

Decentraland Art Week | Decentraland Events

“One of the most widely used charts for predicting massive future bitcoin (BTC, -3.8%) price gains is showing the largest divergence since January 2019. The bitcoin stock-to-flow model currently suggests that the price of bitcoin should be around $77,900.

‘PlanB’ said that the next six months will “make or break” the stock-to-flow model.

The stock-to-flow model is generally applied to natural resources like gold or silver. The commodities are often referred to as “store of value” resources that, in theory, should retain their value over the long term due to their scarcity and low flow.”

“REvil had targeted software supplier Kaseya and used its network-management package to spread the ransomware via the cloud. Over 1 million machines are said to be infected.

Biden said that he’d ordered U.S. intelligence agencies to investigate the attack and he would take measures if Russia was behind it.”