Issue 30 July 12th 2021

Crypto News

South Korea’s Fourth-Largest Bank to Offer Crypto Custody

Woori Bank of Woori Financial Group is now providing digital asset custody services (DACS) in a joint venture (JV) with a bitcoin-based fintech solutions provider Coinplug Inc. With a hike in popularity, Digital asset custody services are spreading across institutions in South Korea.

1897-Built New York Power Plant Turns to Bitcoin Mining for Better Profitability

A historic power plant in Mechanicville, New York has decided to switch to mining Bitcoin as a more profitable pursuit in addition to generating electricity.

According to a report by The Albany Times Union, a hydroelectric plant built in 1897 and operated by Albany Engineering Corp., is using a portion of the power it produces to mine Bitcoin.

ORBS Tokens Will Soon Be Available on Alpaca Finance Vault

As DeFi continues to grow, public blockchain infrastructures such as Orbs are experiencing increased interest from some of the most prominent players within the cryptocurrency universe, especially staking. The Orbs team has been working round the clock on integrating their solution with significant tools and platforms, including AWS, MS Azure, Google Cloud, FTX, KuCoin, Metamask, Enjin Wallet, and several others.

Shiba Inu frenzy: ShibaSwap TVL surges to record $1.56 billion in two days

Banking on the Floki frenzy for attracting liquidity providers, Shiba Inu (SHIB) developer’s trading protocol recorded a massive inflow of funds, but its safety concerns raised red flags.

Crypto’s most notorious influencer Elon Musk tweeted on the 25th of June his new Shiba Inu will be named Floki, which resulted in a frantic launch of numerous meme tokens and decentralized applications (dapps), some of which attracted huge attention accompanied by substantial amounts of money.

FBI Warns Digital Currency Exchanges and Crypto Owners of Possible Threats

The U.S. Federal Bureau of Investigation (FBI) issued an industry-wide warning about possible attacks on exchanges and crypto holders this week. The institution declared that there are threats actively tracking virtual asset platforms in order to take hold of these assets, causing financial losses in the process. Sim swapping, account theft and tech support staff are the means to accomplish these attacks.

Former pro sailer brokers tax-haven passports for wealthy crypto clients

A Russian expatriate and former professional sailboat racer, Katie Ananina, Plan B Passport — a firm that brokers citizenship through investment schemes for tax-haven nations that don’t impose capital gains on crypto holdings to wealthy investors.

Capital International Buys Nearly 1 Million Shares of Bitcoin-Focused Microstrategy

Major asset management firm Capital International has gained exposure to bitcoin through investing in almost 1 million shares of Microstrategy which now holds more than 100K bitcoins.

Compute North plans to add 1.2 gigawatts of bitcoin mining colocation capacity

U.S. bitcoin mining facility operator Compute North boasts an ambition to scale up its capacity by 1.2 gigawatts over the next 12 months amid a global supply crunch for hosting bitcoin miners.

Crypto Bank Cashaa Could Become a Saviour for Indian Exchanges on Debut

Cryptocurrency bank Cashaa has announced its launch in India during the upcoming month of August in the states of New Delhi, Gujarat, and Rajasthan. Cashaa has shared plans of expansion into the Indian territory with the states of Maharashtra, Uttar Pradesh, and West Bengal in the second phase of their scheme.

Crypto Platforms/Deals

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Tapestri is an app that you can download and install on your iOS or Android device. Tapestri runs in the background and captures anonymous location data from your iPhone or Android phone. That anonymous data is monetized and then Tapestri pays you for your anonymous data.