Binance is kicked out of the UK, Grayscale adds Cardano and a new study shows which country is the highest in adopting crypto. Those stories and more this week in crypto.
Binance Markets Limited – a division of Binance, arguably the largest and most popular crypto exchange in the world – is kicked out of the UK as the country’s Financial Conduct Authority works to regulate and limit digital currencies. A statement was released stating that the company had failed to meet the legal standards set by the agency.
Grayscale has added the fifth largest crypto by market capitalization, Cardano, with its underlying currency (ADA) or “ada” to its large-cap fund. The ADA holdings now make them the third largest position in the fund, behind Bitcoin and Ethereum. ADA’s inclusion comes just weeks after the company updates its list of assets to consider.
Mercado Bitcoin – the first crypto exchange founded in Brazil – has raised $ 200 million in Series B funding from the SoftBank Latin America Fund. The company is just one of several companies in the 2TM Group, currently valued at more than $ 2 billion, making it one of the largest financial firms in the country.
Twitter has released its own non-fungible tokens (NFTs). The company distributes 140 tokens on the topic of Twitter to its users, who can then accept the bids that are circulating on the NFT marketplace Rarible. Twitter CEO Jack Dorsey is a huge fan of NFTs. In March, he sold his very first tweet as an NFT for $ 2.9 million.
The popular investment application Betterment wants to offer cryptocurrency services to its users. It’s worth noting that the app currently serves more than 600,000 people, and it could be a big step towards further adoption of crypto if it comes to fruition.
Ark Invest – led by longtime Bitcoin bull Cathie Wood – has filed an application with the SEC for a Bitcoin-based Exchange Traded Fund (ETF). This is the ninth separate crypto-based ETF filing to be approved by the SEC, though the agency hasn’t made it clear whether it wants to be more open-minded about crypto going forward.
The legendary soccer player Tom Brady promoted his involvement with cryptocurrencies together with his wife – in the popular trading platform for cryptocurrencies – FTX. Although the amount of the equity stake has not been disclosed, it is known that the couple will receive some form of payment in cryptocurrencies.
According to a new study, the United States is the country most poised to see large-scale adoption of cryptocurrencies. The study suggests that the United States has the highest number of crypto ATMs, experiences the most online crypto searches, and ranks highest for usability among individuals and banks.
That’s what happened in crypto this week until next week.
