July 16, 2021

Cryptocurrency Digest Jul 16, 2021: News, Analysis & Opinions

crypto digest 16 jul 2021

💡 PayPal announced an increase in its cryptocurrency purchase limit to $100,000 per week. 

💥 Twitter CEO Jack Dorsey announced the development of a new crypto service. Details are still scarce. 

📈 In the second quarter, trading volume on DEX was $405 billion, an 83% increase over the first quarter. 

🔨 DeFi- project THORChain hacked, hacker stole $7.7 million. 

⛔️ Binance will stop offering tokenized stock trading. 

🏦 America’s second largest bank, Bank of America, allowed some customers to trade bitcoin futures. 

1️⃣ Hong Kong’s regulator issued a warning to Binance for illegally providing services.

2️⃣ Lithuania issued a similar warning to Binance. 

📑 The Central Bank of China published a technical document of the digital yuan.

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Jack Evans

About the author

I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments. 

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