Crypto Trends Weekly 26 June – 2 July

Breaking crypto news from the last week (26 June – 2 July 2021):

26 June: London police seized about £114 million ($158 million) of cryptocurrency, one of the largest hauls in history, which was being used to transfer proceeds of crime. As well the Metropolitan Police arrested a 39-year-old woman on suspicion of money laundering. This was the biggest seizure in the U.K. and more than doubled their total seized from all of 2020.

27 June: The Palestinian Monetary Authority is researching the possibility of issuance of its own digital currency, which would provide a symbolic move to monetary independence from Israel. PMA plans to use European funds to boost the private sector, but experts are skeptical about this new adventure.

28 June: U.K. regulator banned crypto exchange Binance, one of the world’s largest cryptocurrency exchanges, from operating in Britain. It appears one of the most significant regulator’s moves amid global scrutiny in the crypto industry.

29 June: Formula 1 has announced Hong Kong-based Crypto.com, the world’s fastest-growing crypto exchange, as the inaugural global partner of the new Sprint series for 2021.

30 June: World Wide Web source code has sold at Sotheby’s for $5.4 million as a non-fungible token (NFT). Tim Berners-Lee, who wrote the code back in 1989, also known as the “Father of the Web,” plans to donate the money to charity.

01 July: Twitter has announced the launch of its own collection of non-fungible tokens (NFT), which will be available on Rarible. The company will give away 140 new NFTs, the social network’s first official raid into digital assets, which are growing popular since the beginning of the year.

02 July: Dutch Football Team AZ Alkmaar has announced crypto broker Bitcoin Meester as its exclusive and official cryptocurrency partner until 2024. As the announcement said, the sponsorship deal will be finalized fully in BTC, while the Dutch club is going to hold the Bitcoin sum on its balance sheet.