Daily Crypto NewsEDITION #258, 08 July 2021

Let me speak!

Hey #Moni Maker 🔊

Today, in 52 B.C., Julius Caesar took control of Lutetia. Caesar, you're cool, but turf wars are a thing of the past. More precisely, the century before Christ.

Today's businessmen are fighting over the brains, attention, and time of the user. And every day this war is getting bloodier and bloodier...

But you already know what Digest needs to pay attention and time, don't you? Let’s go!

Binance CEO Changpeng Zhao wrote a letter in response to excessive scrutiny of their exchange by regulators around the world. Also including authorities in the UK, Japan, Canada, the US, Thailand and the Cayman Islands.

CZ writes that the crypto industry has changed significantly since Binance launched four years ago, but it still needs more regulatory certainty.

He noted that the crypto industry still lacks a clear regulatory framework in several countries and that "more regulations are actually a positive sign that the industry is becoming more mature."

Zhao also recalled that for 2021, the exchange responded to 5,600 inquiries as part of various investigations, and helped catch a cybercrime OCG that was laundering money.

So what?

While Coinbase is obediently complying with all U.S. requirements, CZ is reasonably going out on a verbal barrage against the regulators.

Though everything is not so unambiguous, of course. Don't believe the pretty decorations until you look behind the scenes.

And many crypto cats have already cursed CZ for wanting more regulation.

According to the Financial Times, the cryptocurrency exchange Binance suspends the acceptance of deposits in euros through SEPA, one of the largest payment systems in Europe.

Binance did not provide details and explained that the decision is temporary and does not depend on the trading floor.

Crypto exchange warned that all deposits, which users spend through SEPA, will be returned within 7 working days. The company stressed that this suspension does not affect the withdrawal of funds.

Indian Finance Minister Nirmala Sitharaman has provided a status update on the country’s cryptocurrency bill in an interview with Businessline published last week.

Sitharaman was asked about the status of “the Cryptocurrency and Regulation of Official Digital Currency Bill 2021” and when it is likely to be passed. The Indian minister of finance replied:

We have done a lot of work on it. We have taken stakeholders’ inputs. The Cabinet note is ready. We have to see when the Cabinet can take it up and consider it so that then we can move it.

“From our side, I think one or two indications that I have given is that at least for fintech, experiment and pilot projects a window will be available. The Cabinet will have to take a decision,” she clarified.

So what?

Vietnam has banned crypto but now decided to accept it. India has banned crypto, but it is accepted.

We have only one wish for this world. STOP. FIGHTING. WITH PROGRESS. Thank you.

Yes. We're serious. Moni Talks launches its third digest. NFT one. No, we're not robots. No, we don't use stimulants. Do we sleep? It happens.

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Visa said Wednesday that more than $1 billion worth of cryptocurrency was spent by consumers globally on goods and services through their crypto-linked cards in the first six months of the year.

By comparison, Visa estimated crypto spending at only a fraction of that amount in the same periods last year and in 2019. The payments giant did not release exact numbers.

“We are doing a lot to create an ecosystem that makes cryptocurrency more usable and more like any other currency,” Visa CFO Vasant Prabhu told CNBC. “People are exploring ways in which they can use cryptocurrencies for things they would use normal currencies for.” He added, “There are lots of issues in terms of volatility, etc. But that’s up to the owners of cryptocurrencies to manage and track.”

So what?

You should get that Visa is like any other business. They want more money. If crypto becomes popular, Visa will do whatever it takes to make money from it.

Do you get the hint?

The Pavilions Hotels & Resorts became the world's first international hotel group to begin accepting cryptocurrencies as payment.

In partnership with crypto-payment gateway Coindirect, all The Pavilions hotels and resorts can now be securely booked using crypto, including bitcoin, Ethereum and 40 other cryptocurrencies.

“We pride ourselves on providing partners a platform for instant secure payments with over 40 Cryptocurrencies; this was a critical factor for The Pavilions Hotels & Resorts to ensure the end-to-end payment service is safe, flexible, and easy for guests when booking their next experience at any of The Pavilions Hotels & Resorts’ across the globe.” said Jesse Hemson-Struthers, CEO and Co-founder of Coindirect.

So what?

- Will you renew? Ah... you're out of bullrun.

Decryption — is a data decryption process.

And more you can find in our Glossary!

And you...buy Bitcoin! 😉 (it's a good time!)