Today I have found three very interesting news pieces to share with you.
Now once again, let’s look at what the giveaway for this week is. Because we love our awesome fans, we are very happy to announce a $70 Bitcoin Giveaway this week. All you need to do is to like, comment, and subscribe, to go into the draw to win! We will announce the winner this Saturday, by drawing out a video from this week and then drawing the winner from that video. All you need to do is to like, comment, and subscribe! And you could be the next lucky winner.
Now, before discussing all the news, we will have a look at today’s market. Today the market witnesses a mixture of greens and reds. On the top 10 tokens, after a bearish run yesterday, today Bitcoin has recovered back to over the $11,000 mark, with a 7.05% increase. Ethereum and XRP are also increasing by 1.28% and 0.07% respectively. Next, our top 20 saw no major decreases. NEO recovered with a 6.45% increase from the downturn a few days ago, while Cardano and Stellar are still dropping slightly with 0.75% and 0.80% decreases.
Now, let’s get straight onto the news segment guys. Per a report on Coindesk, on July 2, the UK Financial Conduct Authority has approved Prime Factor Capital, making it the first cryptocurrency hedge fund. According to the article, the hedge fund will play a role as a full-scope alternative investment fund manager. One interesting thing is that, although it is approved by the UK watchdog, Prime Factor Capital will abide by European regulations.
Moving on to the second news item. On the decrypt.co, Ripple is reported to invest $500 million into more than 20 companies to build the “internet of value”, which will ultimately enrich the XRP ecosystem called Xpring, Ripple’s ecosystem initiative. Although the XRP token is used to support cross-border payments, Ethan Beard, the Senior Vice President (SVP) of Xpring, argues that it can be used for much, much more.
And the last piece of news for today video. It is so cool to hear that on July 2, the IOTA Foundation has officially announced that it has released the Trinity wallet, a new Software Wallet facilitating IOTA tokens. For those who are unaware, The IOTA Foundation is a non-profit corporation whose distributed ledger technology (DLT) has seen recent partnerships with companies such as Primority for food tracking and Alyx for fashion supply-chain transparency.
And there you have it guys! That’s the news wrap for today.
What are your thoughts on this situation?
What do you think about Prime Factor Capital and the approval of the UK Financial Conduct Authority? Do you think that it’s a good strategy to invest $500 million dollars to build the internet of value?
How about the reliability of Trinity wallet? Would you use it in the future to store your IOTA tokens in the future?
Guys, please don’t hesitate to let me know what you guys are thinking in the comments right below!
And guys, please remember to like and subscribe to go into the draw to win $70 worth of Bitcoin. It’s your girl Cindy with CryptoPig, I’ll see you guys soon.