In “This was the NEWS” we take a look at the most important news of last week. What has happened in the crypto space over the last 7 days? What news items that you may have missed, do you really need to read? You will find it here!
Owner New York Stock Exchange Launches Crypto Trading Platform
Amazing news this week! The Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, announced on Friday that they are working to launch a new company called Bakkt. The ICE will work alongside a marquee group of enterprises that includes BCG, Microsoft, Starbucks, and others, to create the new digital asset ecosystem. With Bakkt, ICE has the intention is to create an integrated platform that enables consumers, merchants, and institutional clients to buy, sell, store, and spend digital assets on a “seamless global network. You can read more about this amazing news here: ICE Launches Crypto Trading Platform
Coinbase Customers Can Now Buy Crypto with GBP
The San Francisco-based cryptocurrency giant Coinbase said Wednesday that customers in the United Kingdom can now buy digital assets with the British Pound. The news is significant because, until now, the company’s UK customers had to maintain their fiat funds in euros rather than pound sterling. With the GBP’s addition to the Coinbase portfolio, UK users can expect same day deposits and withdrawals at nominal intermediary costs. Good news for UK users, for sure! Find out more about the Coinbase news: Coinbase Begins British Pound Support for UK Bitcoin Customers
Binance Is One Step Closer To Making Crypto Adopted
Binance, the world’s biggest crypto exchange, announced on Tuesday that it has purchased Trust Wallet, a decentralized wallet service for digital tokens that also serves as a browser for so-called decentralized applications. The company’s CEO Changpeng Zhao (CZ) emphasized that wallets are crucial for the crypto economy, as they will help it to become mainstream. It’s the first acquisition for Binance, but many believe more acquisitions will surely follow. Binance has seen an enormous growth over the past year and is now looking for ways to expand. More information about the acquisition can be found here: Binance Acquires Trust Wallet in Push to Expand Crypto Services
Gibraltar Football Team Gets Paid In Crypto
Talking about mass adoption: a football team in Gibraltar has become the first in the world to offer its players payment in cryptocurrency. The move has been announced by the club’s owner Pablo Dana, an investor in the digital currency Quantocoin. Gibraltar United F.C. got founded in 1943 and is currently playing in the Gibraltar Football League’s Premier Division. According to Pablo Dana, “preoccupation with transparency” prompted the introduction of cryptocurrency to Gibraltar United, predicting that the technology’s open-access nature could curtail the corruption scandals that have plagued football. Read more about this unusual story: Football Team in Gibraltar to Pay Its Players in Cryptocurrency
“This was the NEWS” summary!
After Bitcoin started a rally last week and shortly managed to reach $ 8500, we saw the Bitcoin vastly go down again this week. Yesterday and today Bitcoin even dropped below $ 7000. But there is hope! In regards to the news this week, there were plenty of reasons to cheer! The biggest news, of course, was that the Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), announced that they are going to issue a bitcoin futures contract and that they will come up with their own cryptocurrency platform called Bakkt. Furthermore, the largest cryptocurrency exchanges in the world, Binance, and Coinbase, also keep progressing and are looking for more and more opportunities to grow. The decision from Binance to acquire Trust Wallet should lead to more crypto adoption in the future, where the decision from Coinbase to add the British Pound to its platform will make it easier for people in the UK to buy and sell crypto. The news that a football team in Gibraltar will get paid in cryptocurrency shows that mass adoption is already on its way! In conclusion: a nice week in terms of crypto news!