30.06.[News of the day] • NatWest Bank introduces daily limits for crypto transactions • and other articles

Welcome to today’s overview of crypto news of the day 30. 06.:

MARKETS

After Saturday’s bloodbath, when BTC dropped to just over $ 30,000, bulls rule. Subsequently, the cryptocurrency recovered most of the losses in less than a day and continued only higher. On Monday, BTC jumped above $ 35,000 and stayed there for a while. However, in the past 24 hours the asset started to grow further. It added over $ 1,500 to about $ 36,600. However, it failed to make further profits and retreated by more than a thousand to just over $ 35,000.

Most altcoins also saw a short increase yesterday, with ETH beating $ 2,200 for the first time in two weeks. However, the second largest cryptocurrency has also declined since then, currently hovering around $ 2,150.

Cryptocurrencies

Popular crypto analyst abandons Ethereum in favor of Cardano

The pseudonymous crypto analyst revealed that he is selling the rest of his shares in Ethereum in order to buy more Cardano, because he believes that this cryptocurrency will surpass the second largest cryptocurrency by market capitalization.

In a series of tweets, a businessman known as Capo told his more than 135,000 followers that when he looked at the ADA / ETH chart, he saw Cardano as “one of the best looking majors” and therefore sold the rest of his ETH for it after selling last month. 75% of its shares in Ethereum. 

Banks, crypto exchanges, companies

Coinbase reveals plans to trade in crypto applications as part of a global shift in focus

America’s largest centralized crypto exchange, Coinbase, has announced plans to launch a crypto application business that will offer products developed by third parties.

A blog post on June 30 by Coinbase CEO Brian Armstrong unveiled plans for an application business, stating that although “cryptoeconomics is still at an early stage, it is clear that more and more economic activities take place in cryptocurrencies ”.

He also stressed Coinbase’s commitment to expand the number of supported crypto assets and increase the speed of new statements, announcing plans to limit legal scrutiny of potential statements and launch an ” experimental zone ‘for new assets’.

CoinMarketCap launches token exchange and Uniswap support

In a recent announcement on Binance’s proprietary website, CoinMarketCap (CMC) said it has launched a new token swap feature that allows users to exchange crypto assets across the platform.

The popular tracking platform has integrated Uniswap, which enables swapping of Ethereum-based ERC-20 tokens.

“On each supported network and token, you will be able to connect a supported crypto wallet and exchange your tokens directly to CoinMarketCap in a secure manner.”

The company added that wallets supported by Uniswap will also be available for the exchange of CMC tokens. These include MetaMask, WalletConnect, Coinbase Wallet, Fortmatic and Portis.

NatWest Bank introduces daily limits for crypto transactions

According to a Reuters report published on June 29, the British bank NatWest imposed restrictions on transactions related to crypto exchanges, including Binance. The change follows a report from the UK’s Office of Financial Ethics (FCA), which warned Binance not to conduct regulated operations without a license.

Customers now have a daily limit on the amount of funds they can send to crypto exchanges. It is not clear what this particular amount is, but it is assumed to be in the order of several thousand pounds and depends on the platform. Binance is only one of many platforms to which this rule change applies.

A spokeswoman told Reuters that the change was the result of concerns about fraud and embezzlement. The bank made this decision to protect customers from criminal abuse and to also block payments to a small number of crypto companies. These companies are said to have suffered a particularly significant degree of damage to their customers in connection with fraud.

CBDC, Regulation

Beijing Rail is adopting digital Renminbi as part of a pilot program

Beijing Railways has launched a pilot program that allows the use of the country’s central bank digital currency for payments. Digital Renminbi can now be used to pay for tickets on multiple railway lines.

Beijing Rail Transit has launched a pilot program to accept the Renminbi digital currency as currency. This pilot program is another in a long list of such programs that the Chinese government is implementing.

Users with a bank account with the Industrial and Commercial Bank of China (ICBC) will be able to make a swip payment at transit gateways. ICBC is one of the banks that is very focused on introducing digital Renminbi among customers. He is already working on offering BTC exchange services at ATMs in Beijing.

Mexico has halted plans by a large bank to offer Bitcoin services

The Mexican Minister of Finance, Arturo Herrera Gutierrez, shared on Twitter an official statement from the Central Bank of Mexico, the Ministry of Finance and the National Banking and Securities Commission stating that virtual assets are not considered money under current law and that banks are not allowed to cryptocurrencies. operate in any way.

The statement warns that those who attempt to offer any product related to cryptocurrencies will be subject to legal sanctions under the Criminal Code and other standards. Regulators add that operations with stablecoins are also prohibited, although these assets do not have the volatility typical of traditional cryptocurrencies.