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Binance has been expelled from the UK, Grayscale Cardano adds, and a new study reveals which country ranks first in cryptocurrency adoption. These stories and more are coming this week in Cryptocurrency.
Binance Markets Limited – a division of Binance, arguably the world’s largest and most popular crypto exchange – has been expelled from the UK as the country’s Financial Conduct Authority regulates and limits cryptocurrencies. A statement was issued stating that the company did not meet the legal criteria set by the agency.
grayscale She added The fifth largest cryptocurrency by market capitalization, Cardano, has its base currency (ADA) or “ada” for its large VC fund. ADA’s holdings now make it the third largest holding in the fund, after Bitcoin and Ethereum. The addition of the ADA comes just weeks after the company updated its “assets under consideration” list.
Mercado Bitcoin – the first cryptocurrency exchange established in Brazil – has raised $200 million in Series B funding from the SoftBank Latin American Fund. The company is just one of several companies owned by the 2TM Group, which is currently valued at more than $2 billion, making it one of the largest financial firms in the country.
Twitter has issued its own non-fungible tokens (NFTs). The company is distributing 140 Twitter tokens to its users, who can then accept bids that are growing in the NFT marketplace, Rarible. Twitter CEO Jack Dorsey is a huge fan of NFTs. In March, he sold his first tweet as NFT for $2.9 million.
The popular investment app, Betterment, is looking forward to offering cryptocurrency services to its users. It’s worth noting that the app currently serves over 600,000 people, and it could be a great step toward adopting more cryptocurrencies if it pays off.
Ark Invest — long headed by Kathy Wood Thor Bitcoin — has submitted an application to the Securities and Exchange Commission (SEC) for a bitcoin-based exchange-traded fund (ETF). This is the ninth separate crypto-based ETF application awaiting SEC approval, although the agency did not say whether it plans to be more open towards cryptocurrencies in the near future.
To further his involvement in cryptocurrency, legendary footballer Tom Brady and his wife – on the popular cryptocurrency exchange – FTX. Although the amount of the share share was not disclosed, it is known that the couple will receive some kind of payment in cryptocurrency.
According to a new study, the country most ready to begin mass adoption of cryptocurrency is the United States. The study notes that the United States boasts the largest number of crypto ATMs, tests the most searches for digital currencies online and ranks highest in usability among individuals and banks.
This is what happened this week in cryptocurrency, see you next week.
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