POKKET Weekly News: The Week In Crypto (22–28 June)
Bitcoin volatility declined to levels before the March market crash, while altcoins continue to catch fire with the help of DeFi token rallies. Driven by the narrative that most of these DeFi tokens are based on Ethereum, ETH volatility remained slightly higher than BTC.
In other news, the much anticipated “the largest options expiry in history” for bitcoin was a disappointment for market participants. Crypto market analysts have been focused on watching the $1 billion bitcoin options contracts expiring on June 26th, expecting a big move in BTC prices.
While you’re at it, check out our interest rates including our top 10 earning tokens below.
Here are this week’s highlights
Ethereum 2.0 First Public Multi-Client Testnet To Go Live Next Week
Ethereum 2.0 is ready to launch its first public multi-client testnet on Monday, June 29. This version of the testnet – called Altona v0.12 – will be the last semi-major version of the test network specification, and is expected to become the foundation for the first long-lived ETH 2.0 public testnet…
DCEP: An inside look at China’s digital currency
China’s digital currency is slowly gathering momentum. But DCEP is not blockchain based, it’s centralized, with a ‘loosely coupled’ twist…
Italian Banks Are Ready to Trial a Digital Euro
The Italian Banking Association (ABI) announced Thursday its banks are willing to pilot a digital euro. The group shared 10 considerations for a digital euro in Thursday’s announcement, starting with, “Monetary stability and full compliance with the European regulatory framework must be preserved as a matter of priority.”…
PayPal, Venmo to Roll Out Crypto Buying and Selling: Sources
Fintech giant PayPal plans to roll out direct sales of cryptocurrency to its 325 million users, according to three people familiar with the matter. Currently, PayPal can be used as an alternative means for withdrawing funds from exchanges such as Coinbase, but this would be a first in terms of offering direct sales of crypto…
KPMG Introduces Cryptocurrency Management Platform
KPMG has launched a cryptocurrency management platform designed to accelerate institutional crypto adoption. KPMG’s patent-pending tool aims to bridge traditional data and crypto systems, integrating key use cases of cryptocurrency, including custody, wallets, and anti-money laundering (AML) transaction monitoring…
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