Everyone at Coinigy is excited 😁
Want to know why?
Just log in to your Coinigy dashboard and take a look at Bitcoin’s price.
Bitcoin is currently maintaining 14% gains in the last 7 days after touching $31k on Friday 🎉
Despite the SEC’s clampdown, FUD, and all, the market may actually be leaving the bear season.
Is it too early to jubilate, though? Well, we’ll leave that to you.
Anyway, here’s the latest from the crypto world this past week.
- Fed Chair Powell Says Bitcoin Has 'Staying Power' as an Asset Class
- BitGo cancels acquisition of Prime Trust
- Deutsche Bank seeks crypto custody license approval in Germany
- Cryptopay EU card provider loses license
Fed Chair Powell Says Bitcoin Has 'Staying Power' as an Asset Class
Federal Reserve Chair Jerome Powell said on Wednesday that the U.S. central bank should play a “robust federal role” in overseeing stablecoins, a sizable slice of the overall crypto market that legislators are trying to craft rules for. Powell also remarked that cryptocurrencies, like Bitcoin, have "staying power." Here’s the complete story.
BitGo cancels acquisition of Prime Trust
BitGo, the American crypto custodian platform, has made the decision to cancel the acquisition of Prime Trust. Following this announcement, Prime Trust has taken measures to suspend withdrawals. The cancellation of the deal comes just two weeks after BitGo signed a non-binding letter of intent to acquire Prime Trust. Here’s the complete story.
Deutsche Bank seeks crypto custody license approval in Germany
German investment bank Deutsche Bank has applied to Germany’s financial regulator to provide custody services for cryptocurrencies. “I can confirm that Deutsche Bank has applied to BaFin for a license for crypto custody,” a spokesperson for the bank told Blockworks via email on Tuesday. Bloomberg first reported the development, citing Deutsche Bank’s global head of corporate bank, David Lynne. Here’s the full story.
Cryptopay EU card provider loses license
The European Union debit card provider for Cryptopay has lost its Electronic Money Institution (EMI) license, according to an email sent by the company to its customers on June 22. Cryptopay was using UAB PayrNet, a licensed EMI in Lithuania, whose license was revoked by Lithuania’s central bank. Read the complete story.