The FDIC warns about false Voyager insurance coverage claims, Cathie Wooden dumps Coinbase and Mercedes Benz makes use of Polygon’s blockchain to retailer knowledge. These tales and extra this week in crypto.

Voyager’s Insurance coverage Claims Have been False

The Federal Deposit Insurance coverage Company has issued a letter to Voyager Digital, demanding an finish to its false claims of insurance coverage of its prospects’ funds. The FDIC defined that Voyager misled its prospects by implying that their uninsured deposits had been FDIC insured. Voyager utilized for chapter safety in the course of the first week of July.

Cathie Wooden Dumps Coinbase

ARK Make investments – the hedge fund spearheaded by Cathie Wooden – bought greater than 1.4 million shares of Coinbase World inventory. It seems that they bought the inventory at an all-time low worth of $53 a share, probably shedding almost $280 million. That is the primary time this 12 months that the fund has dumped Coinbase’s inventory.

Multinational Financial institution to Launch Crypto Buying and selling

Spanish multinational financial institution Santander plans to supply crypto buying and selling to its shoppers in Brazil within the coming months. Santander Brazil’s CEO acknowledged that their shoppers have demand for one of these asset, so the financial institution will supply crypto buying and selling in essentially the most instructional means they will.

EU Lacks Crypto Consultants

The European Union has a lack of crypto consultants to manage the crypto market, in keeping with the President of the European Banking Authority. José Manuel Campa mentioned the dearth of consultants within the crypto sphere within the EU has generated a significant concern within the physique chargeable for overseeing the EU banking sector.

Ethereum Traditional Jumps 124%

Over the past two weeks, Ethereum Traditional’s worth has doubled towards the greenback. Because the exhausting fork in 2016, Ethereum Traditional has been utilizing the identical proof-of-work consensus algorithm as Ethereum. Now, with Ethereum’s upcoming swap to proof-of-stake, there’s some hypothesis that a few of Ethereum’s proof-of-work miners will transition to mining Ethereum Traditional.

Solana Opens Actual Life Retailer in New York

A Solana-themed retailer is set to open its doorways in New York Metropolis. On the new retailer referred to as Solana Areas,guests can find out how Solana works, and what Web3 is. Solana’s group will even assist its guests with organising a pockets, shopping for their first NFTs and offering a real-life information by means of their first on-chain transactions.

Binance to Promote First NFT Soccer Tickets

Crypto change Binance might be promoting NFT match tickets for one in every of Italy’s main soccer groups, Lazio, this coming season. Past attending matches, Lazio followers will be capable of use the tokens to benefit from varied reductions and merchandise gives from their membership and take part in giveaways.

New Blockchain Community Launched by Mercedes

The Mercedes Benz Group has launched a blockchain-based knowledge sharing community particularly designed for company customers. The brand new challenge will let companies buy and promote knowledge, together with insurance coverage data and trial knowledge, in a decentralized setting. Polygon, the Ethereum Layer-2 scaling resolution, will assist execute transactions on the blockchain.

That’s what’s occurred this week in crypto, see you subsequent week.

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