- May 27, 2022
Crypto summary: “At least a third of Britons have bought cryptocurrencies”
We show you, a brief summary of what were the most outstanding crypto news of the week, so you don’t miss any data. Being the most outstanding: “At least a third of British people have bought cryptocurrencies.”
As usual, for this summary, the 7 most important news of the crypto week are selected. Very important, they are presented in the form of a synthesis. These are the headlines:
- At least a third of Britons have bought cryptocurrencies.
- Binance has paralyzed the cryptocurrency derivatives service in Spain.
- Instagram will provide support for NFTs.
- Bentley University accepts cryptocurrency payments.
- The first crypto cafe in Puerto Madero opens.
- Google’s new team will be dedicated only to Web 3.0.
- The Central Bank of Argentina has banned banks from operating with cryptocurrencies.
At least a third of Britons have bought crypto assets
To begin with, this has been indicated by a recent Coinbase report. Where it showed that at least a third of British people have bought cryptocurrencies.
By the way, the key points of this report indicate that 33% of British people own some kind of cryptocurrency, compared to 29% in October 2021. In addition, more than half, 61% of respondents, intend to increase their holdings in the next 12 months.
Binance has paralyzed the cryptocurrency derivatives service in Spain
Subsequently, the exchange has stopped offering its cryptocurrency derivatives services in Spain. As it is reportedly awaiting approval from the Spanish regulator, the National Securities Market Commission (CNMV).
Specifically, Binance has removed the derivatives drop-down menu, which is still available in the global version. However, the report suggested that Binance will reintroduce the derivatives option only after receiving the regulatory green light in the form of a guarantee certificate from the Bank of Spain (BdE).
Instagram will provide support for NFTs
According to internal sources, Instagram plans to integrate non-fungible tokens (NFTs) from major platforms such as Solana, Ethereum, Flow and Polygon. The social media platform is expected to announce a pilot plan on Monday.
According to the report, the platform will focus on a select group of NFT enthusiasts in the United States. It will also not charge users to display their NFTs.
Bentley University accepts cryptocurrency payments
Indeed, Massachusetts Bentley University will now receive cryptocurrencies for the payment of school fees. This makes it one of the first in the United States to take this initiative.
First of all, the accepted cryptocurrencies will be Bitcoin, Ethereum and the USDC Stablecoin. The university is now able to provide this service thanks to its partnership with the exchange Coinbase.
In this regard, Bentley President LaBrent Chrite said: «Bentley University is at the forefront of preparing business leaders with the skills and knowledge to succeed in the changing global economy. We are proud to embrace this technology that our students are learning, which will soon transform the global business landscape they are going to enter».
The first crypto cafe in Puerto Madero opens
CrypStation is the first café in Puerto Madero that allows you to pay with Bitcoin (BTC) and other cryptocurrencies. It is located in one of the iconic brick buildings in front of the dam that belongs to the Argentine Catholic University (UCA).
According to Mauro Liberman, one of the founders: “Coffee is an excuse to create bridges between the traditional economy and the crypto world».
In addition, the cafe will offer investment advice, courses and events on the cryptocurrency universe. As well as access to the Metaverse.
Google’s new team will focus only on Web 3.0
The following, the technological giant commented that it is already forming a team for the creation of services focused on Web 3.0. Describing, that they plan to launch services for Blockchain developers or programmers working with Web 3.0 applications.
“We already know that the world is still starting to adopt Web 3.0, but it is a market that is already demonstrating great potential, and we have many customers asking us to increase our support for Web3, and for crypto-related technologies.”
Amit Zavery, vice president of Google Cloud
The Central Bank of Argentina has banned banks from operating with cryptocurrencies
Finally, the Central Bank of Argentina (BCRA) reported that financial institutions will not be able to carry out or facilitate their customers to carry out operations with digital assets, including cryptocurrencies.
Likewise, the BCRA statement added that the offer of “assets whose returns are determined based on the value of cryptocurrencies».
«The measure provided by the Board of the BCRA seeks to mitigate the risks associated with operations with these assets, which could be generated for users of financial services and for the financial system as a whole».
I close with this quote from Joe Rogan: “I think about Bitcoin the same way I think about the beginnings of the Internet».