Crypto Trends Weekly 24 – 30 July

    03 Aug 2021

    Breaking crypto news from the last week (24 – 30 July 2021):

    24 July: Twitter CEO Jack Dorsey sees Bitcoin as a big part of Twitter’s future and forecasts its integration into Twitter services and new features, including Twitter Tip Jar and Super Follows.

    25 July: In various experts’ opinions, Bitcoin has proven to be resilient even against such a strong shock as mining restrictions in China. Regions that offer the necessary infrastructure and easy regulations for transferring miners will gain the biggest benefit.

    26 July: Bitcoin surged above $39,000 for the first time since mid-June after recent bullish comments from Twitter CEO Jack Dorsey and Tesla CEO Elon Musk. Experts attributed the moves to the lowering concerns over the environmental impact of Bitcoin mining and China’s regulatory crackdown.

    27 July: Wall Street investment bank Goldman Sachs has filed an application with the United States Securities & Exchange Commission (SEC) for new decentralized finance (DeFi) and blockchain-based exchange-traded fund (ETF).

    28 July: Tidal Finance creates the DeFi insurance platform on Polygon. Aimed at the growing DeFi space, Tidal Finance announced the launch of its mainnet and token reward system for users providing capital to its reserve pools. The platform goes live on Ethereum layer 2 network Polygon, with a subscription-based insurance model, including StaFi, Marlin, EasyFi, Xend Finance, and bZx.

    29 July: Built on Polkadot, Pontem Network, a decentralized application framework, has partnered with Pinknode service provider to develop an experimental test environment for Facebook’s Diem blockchain-based payment system. It will lay the groundwork for various applications to join Diem’s network, providing decentralized finance and other features to Facebook’s users.

    30 July: Parachains as future of the real decentralized web. They provide an original alternative to the current centralized internet infrastructure with its weaknesses. How does it works, explains Alex Siman, founder of Subsocial, a Polkadot-based decentralized social network platform.

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