Seeing a huge demand of cryptocurrencies, Fidelity Digital Assets, the subsidiary of an asset management firm, reported to expand its staff size by 70%, at least 100 staff, for crypto business. ““We’ve seen more interest in Ether, so we want to be ahead of that demand.” said Tom Jessop, the president of Fidelity Digital Assets. As the crypto market operates 24/7, the expansion of the crypto team could help to extend the service time to the clients.

Besides, Stablecoin firm Circle announced their plan to go public by integrating with Concord Acquisition Corp (NYSE: CND), a publicly-traded special purpose acquisition…


Visa connects crypto economy to its network, enabling customers to spend cryptocurrency at 70 million merchants worldwide and convert fiat money into stablecoins by partnering with 50 crypto companies. Visa announced on Wednesday that their crypto-linked cards have recorded over US$1 billion spending in crypto in the first half of 2021. “it’s clear that the crypto community sees value in linking digital currencies to Visa’s global network.” stated in the announcement.

In March, Visa announced their plan to cooperate with cryptocurrency platform Crypto.com …


The United States Treasury’s Financial Crimes Enforcement Network (FinCEN) has recruited Michele Korver, who formerly worked for the Department of Justice, to be FinCEN’s first Chief Digital Currency Advisor. Korver will work to “advance FinCEN’s leadership role in the digital currency space by working across internal and external partners toward strategic and innovative solutions to prevent and mitigate illicit financial practices and exploitation”

Since 2013, Michele Korver has been partnered with the Department of Homeland Security and private technology companies for crypto-related anti money laundering activities. “Michele brings a wealth of digital currency expertise, and will be a tremendous leader…


While Ukrainian government is under progress with cryptocurrency regulations, ebank Monobank plans to launch a debit card with crypto trading function. Monobank has completed the pilot integration with cryptocurrency trading platform, allowing clients to buy and sell cryptocurrency, Oleg Gorokhovsky, the co-founder of Monobank, announced yesterday. The new feature will be released after the approval from the National Bank of Ukraine.

Vietnam prime minister Phạm Minh Chính is propelling a digitalised government, including cryptocurrency and blockchain technology. Thus, Vietnam’s State Bank is going to pilot a cryptocurrency scheme between 2021 and 2023. “ Digital currency is an inevitable trend.” said…


According to the latest report conducted by crypto education platform Crypto Head, the United States is the world’s most “crypto-ready” country, followed by Cyprus, Singapore, Hong Kong and the United Kingdom.

The report examined the amount of crypto ATM, the accessibility of crypto-related information, the legal stance of the government whether banks can use it, as well as the number of online searches for crypto-related terms among 200 countries.

Simultaneously, Bank for International Settlements(BIS) published a study, namely “Distrust or speculation? The socioeconomic drivers of US cryptocurrency investments”, declaring that the study “disproves the hypothesis that cryptocurrency investors are motivated…


Fiserv, Inc. a global provider of payments and financial services technology solutions, has partnered with crypto custody company New York Digital Investment Group(NYDIG) to enable customers to manage bitcoin transactions under their financial institution, including buy, sell and hold bitcoins. Besides, Fiserv and NYDIG are working on additional services like giving banks the ability to implement bitcoin-based rewards programs.

First Foundation Bank is the first bank working with Fiserv and NYDIG to launch the service to the market. “If our industry is truly committed to innovation and the financial future of our clients, we need to lead in this area…


After the crackdown on bitcoin mining, China’s central bank continued its regulatory crackdown on banks and payment firms, including China Construction Bank, the Agricultural Bank of China and Alipay, requesting them to shut down all cryptocurrency-related trading. “Virtual currency trading activities disrupt the economic and financial order, lead to the risks of illegal cross-border transfer of assets, money laundering and other illegal and criminal activities, and seriously infringe the people’s property safety.” …


Multichain NFT marketplace HoDooi aims at becoming NFT’s eBay and received the strategic investment from Crypto.com. Recently, Crypto.com has upgraded the mainnet to offer NFT support, while HoDooi.com plans to combine the platform to “expand the options for creators and collectors alike.” Apart from Crypto.com, Mattel Creations intends to enter the NFT market as well, by releasing the Hot Wheels series’ NFT. The auction will last for 7 days from 22 July 2021.

Moreover, a digital land was sold from Ethereum blockchain game Decentraland in around US$913,000, that is 1,295,000 MANA, and the price of this virtual land is equal…


With the Euro 2020 championship in progress, NFT Fantasy Football Platform Sorare announced that it has reached a licensing agreement with the France Football Federation, and launched The French National Team NFT before the match against Germany tonight. According to CryptoSlam, the 24 hours trading volume of Sorare has increased 63%, and ranks sixth.

NBA Top Shot, launched by the NBA and Dapper Labs has led to the entire NFT boom. Since its launch in October 2020, NBA Top Shot has generated $6.3 billion in revenue. Besides NBA Top Shot, There is also the NFT issued by Major League Baseball…


In the Wednesday vote, 62 out of 84 votes approved the recognition of Bitcoin as legal tender in El Salvador, becoming the first country to adopt Bitcoin officially. Before the vote, President Nayib Bukele responded to the founder of Tron Justin Sun’s prediction :“Crypto investors and entrepreneurs will start to move to El Salvador!”, that his country will open permanent residency to crypto entrepreneurs if they contribute 3 BTC to El Salvador’s economy (around US$1.1 million as of press time) and will not require crypto investors to pay capital gain tax for Bitcoin investment.

Moreover, the president even plans volcano-powered…

TideBit

TideBit is a leading crypto asset exchange supporting fiat currency.

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