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Hello there!
Everyone at Coinigy is excited š
Want to know why?
Just log in to your Coinigy dashboard and take a look at Bitcoinās price.
Bitcoin is currently maintaining 14% gains in the last 7 days after touching $31k on Friday š
Despite the SECās clampdown, FUD, and all, the market may actually be leaving the bear season.
Is it too early to jubilate, though? Well, weāll leave that to you.
Anyway, hereās 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 ārobust federal roleā 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." Hereās 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. Hereās the complete story.
Deutsche Bank seeks crypto custody license approval in Germany
German investment bank Deutsche Bank has applied to Germanyās financial regulator to provide custody services for cryptocurrencies. āI can confirm that Deutsche Bank has applied to BaFin for a license for crypto custody,ā a spokesperson for the bank told Blockworks via email on Tuesday. Bloomberg first reported the development, citing Deutsche Bankās global head of corporate bank, David Lynne. Hereās 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 Cryptopay was using UAB PayrNet, a licensed EMI in Lithuania, whose license was revoked by Lithuaniaās central bank. Read the complete story.
Other Highlights Worth Mentioning
- Casa launches multisignature Ethereum self-custody vault - CoinMarketCap
- Binance.US solves USD withdrawal issues but warns it wonāt last long - Cointelegraph
- Optimism Unveils $40M Public Goods Funding Round - The Defiant
- Pepecoin becomes biggest Meme Coin gainer with 70% weekly jump - CoinDesk