PRViously on Crypto: Rumors Bump Bitcoins, Binance Bans Withdrawals, Cardano’s Latest Milestone
It’s that time of the week wherein we roundup the hottest news on cryptoverse. From rumors that gave Bitcoin a little bump, withdrawal bans by Binance, to Cardano’s newest milestone.
Let’s review the highlights of this PRVious week!
Bitcoin: soon to surge?
Closing the week at [BTC: $31,412.49], the past 7 days have been a rollercoaster ride for Bitcoin. Last Monday, rumors circulated that Apple Bought $2.5 Billion in Bitcoins! The source? Chainlink’s very own CEO:
On the other hand, Galaxy Trading, one of the leading market analysts, parked the value at “more than $2 Billion”:
Imagine reading that headline, but starring PRV! Don’t worry we’ll get there- and beyond!
Anyway, people are quick to assume that these rumors are pegged from an earlier remark made by Apple co-founder and legendary programmer Steve Wozniak in the Jalisco Talent Land Digital 2021 event. To quote:
“Gold is limited and you have to look for it. Bitcoin is the most amazing mathematical miracle. I do not invest in Bitcoin, but I believe it’s here to stay.”
Tie this unconfirmed rumor to a confirmed report and you got yourself a catalyst. Just this Thursday, the Bank of America has approved access to bitcoin futures to some clients. This made BTC closed off at a late surge of $32,000 last Friday.
What made the second-largest bank by assets in the US take this step? We don’t know for sure, but it’s great news to BTC hodlers!
Binance Bans Withdrawals
A report from Financial News in London has accorded that Binance [BNB: $301.24] barred GBP withdrawals from those residing in the United Kingdom.
“Please note that GBP Bank Withdrawals (via Faster Payments) have been temporarily suspended,” Binance noted in a message to users. “We are working to resume this service as soon as we can.” A similar message says that EUR withdrawals are likewise blocked.
But this is not the first time this has happened. Around June 28, Binance cited maintenance issues when it blocked GBP withdrawals via Faster Payments.
This banning is most likely a result of Clear Junction’s move to cut ties with Binance. The official statement released on July 12, says:
“Clear Junction can confirm that it will no longer be facilitating payments related to Binance. The decision has been made following the Financial Conduct Authority’s recent announcement that Binance is not permitted to undertake any regulatory activity in the UK.”
Treading waters on BNB? How about swapping some assets within the Binance Smart Chain (BSC) and staking them to our Vaults?
And finally, for this week’s roundup,
Cardano goes White!
Cardano [ADA: $1.17] was on a roll as it trends for two consecutive days, following a series of tweet updates on its smart contract venture.
This takes us back to our PRV smart contract audit last May!
Anyway, Input Output tweets:
It may be remembered that earlier in July, Cardano had launched “Catalyst Circle”, a community-elected group responsible for feedback and reporting on its Project Catalyst. This project is a public fund supporting innovation in the Cardano community.
These are all part of a multi-phase Alonzo upgrade that will bring smart-contract functionality to the blockchain. After the White era, Alonzo intends to go public during the Purple phase.
Once completed, Alonzo will bring smart contracts to the proof-of-stake blockchain. This will definitely put Cardano in the map of decentralized finance (DeFi) along with the likes of Ethereum, Binance Smart Chain (BSC), and Solana. (And PrivacySwap!!)
That’s a wrap for this week’s PRViously on Crypto! Never miss the hottest trends in the cryptoverse by simply dropping by our Medium on Sundays.
Who knows, maybe the next headline is: Confirmed Rumor: Apple bought $2.5 Billion in PRV!