7 July

Allied Payment Network, a digital payments provider for financial institutions, plans to allow clients to buy, sell and hold bitcoin through a new partnership with NYDIG. Customers of Allied Payment Network’s clients will be given access to NYDIG’s platform when making bill payments through online or digital banking.

The partnership also allows Allied Payment Network to make a bitcoin allocation for its corporate treasury, it said.”

“After successful activation on the Ropsten and Goerli testnets, the final hard fork release date was decided.

The protocol update includes five Ethereum Improvement Proposals (EIPs), most notably EIP 1559. EIP 1559 introduces a new fee structure to make Ethereum less inflationary.”

GME to Launch a Crypto-based Dividend as an NFT on July 14th?

“As of 8 am UTC on Wednesday, Binance users will no longer be able to make euro deposits through their bank. However, they can still fund their accounts with credit cards and debit cards. Specifically, euro deposits via the Single Europe Payments Area, or SEPA, have been put on hold indefinitely.

Due to events beyond our control, we are temporarily suspending EUR deposits via SEPA Bank Transfers from 8 am UTC on July 7, 2021.”

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“Following their longest streak of selling since February 2018, institutional managers became net buyers of digital asset funds last week, offering cautious optimism that the worst of the market selloff has passed. Inflows into digital asset funds devoted to Bitcoin (BTC), Ether (ETH) and others totaled $63 million in the week ended July 2.

Funds devoted to Bitcoin saw $38.9 million in weekly inflows, bringing the year-to-date total to $4.186 billion. Ether funds registered $17.7 million in weekly inflows, bringing their year-to-date total to $960 million.”

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“In a Tuesday joint statement, the Beijing Financial Supervision and Administration Bureau and the Business Administration Department of the People’s Bank of China issued a warning to all financial institutions and payment service providers to not provide any crypto-related services to customers. This includes businesses not advertising or providing office space for any “virtual currency-related business activities.”

As part of a regulatory crackdown, the two groups announced they had ordered the shutdown of Beijing Tongdao Cultural Development, a company which allegedly provided software services for crypto transactions. The Beijing Tongdao firm used to be involved in the entertainment industry, with its own virtual currency Mao Li Coin, or “cat coin.”

The shutdown may suggest China’s regulators are not restricting themselves to solely monitoring mining firms and financial institutions for their involvement in the crypto space.

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Sales in Q2 were $1.24 billion, in line with $1.23 billion in Q1. The figures dwarf those of first-half 2020, when NFT sales totaled $13.7 million.

This surge represents the explosion in interest around NFTs in the last 12 months, buoyed by platforms such as NBA Top Shot, which have enjoyed considerable popularity.”