Defi News, Digital economy, NFT News

CRYPTO HOT NEWS 07/21/2022

Human Protocol introduces new blockchain coordination layer for data contribution

Decentralized infrastructure project Human Protocol said it was launching a new blockchain coordination layer to handle routing functionality among third-party vendors to power data contribution on the network. The feature, known as the Routing Protocol, sits atop Human to enable the discovery of network generators, fee agreements, consensus job standards, proof of balance and governance support for network upgrades.

Binance Overtakes Coinbase: Now Holds the Most Bitcoin in the World

Binance cryptocurrency exchange confirms its supremacy over Coinbase and other exchanges. Binance continues to chart its course and further establish itself as the main player in the crypto industry, with endless influence. Its BNB token is 5th in terms of market cap and its stablecoin is in 6th place. In addition to its continued growth, it is now the exchange that holds the most Bitcoins in the world.

Gemini receives virtual asset service provider license in Ireland

New York-based crypto trading platform Gemini claims to be the first one to get registered as a virtual asset service provider (VASP) by the Central Bank of Ireland (CBI). Individuals and institutions in Ireland now can access Gemini’s exchange and custody services to buy, sell and store over 100 cryptocurrencies along with the euro and Great British pound.

UK financial markets bill authorizes regulation of stablecoins, service providers

Crypto regulation came through as expected in the Financial Services and Markets Bill. The comprehensive bill, which was meant to preserve the U.K.’s leading place in the financial world post-Brexit, repealed retained EU laws, reformed certain insurance laws, supported victims of financial fraud and established new growth and competitiveness objectives. The bill also regulated stablecoins.

Experts reveal what Tesla’s $936M sell-off means for Bitcoin

The electric vehicle manufacturer Telsa revealed that it had sold 75% of its Bitcoin holdings in Q2, adding $936 million in fiat to its balance sheet. Tesla CEO Elon Musk noted that “The reason we sold a bunch of our Bitcoin holdings was that we were uncertain as to when the Covid lockdowns in China would alleviate. So it was important for us to maximize our cash position.”

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