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🌍 The World Gets Ready for Crypto – US Leads The Way

Our daily selection of top Blockdesk articles: Crypto adoption, CBDCs, industry

Hey Blockster, Just a year ago, many wondered: is the world ready for crypto? Now we can say with confidence that we are getting there. Crypto Head, a project aimed at popularizing crypto, published its Crypto-Ready Index, naming the top five crypto-ready countries. According to Ali Raza's article highlighting the list, the US is Leading the Way with Market Readiness for Crypto with a record index of 7.13 out of 10. All for a good reason: the country takes pride in hosting the greatest number of crypto ATMs, ranks first in the legality of crypto with a top score for usability in national banks, and performed well in terms of quantity of crypto-related online searches. Cyprus, Singapore, Hong Kong, and the UK follow, with indexes of 6.47, 6.3, 6.27, and 6.06, respectfully.  The governments and top banks embrace digital currencies – even though sometimes this road gets long and winding, as you can see from the rest of today's picks. World Bank, IMF, and BIS Advocate for CBDCs During G20 Summit – In their report, the world's largest financial institutions stated that no major jurisdiction has officially launched a CBDC. The firms also assessed the practicality of a CBDC use case through different scenarios. Bank of America Approves Crypto Futures Trading for Some Clients – According to two anonymous sources, BoA has given some of its clients the green light to trade cash-settled Bitcoin (BTC) futures. However, this news hasn't yet been confirmed by the bank representatives.  Tether Reserves – How Much Can We Trust Them? – Crypto adoption goes hand in hand with investor trust. Will USDT, the world's biggest and the most controversial stablecoin, be able to keep the pace after the mishaps of 2017-2019 and the recent audits? Malaysian Police Crush Over 1000 Bitcoin Mining Machines – Not all stories end well, especially if the protagonists mine on stolen electricity. Malaysian police destroyed over one thousand ASICs worth around $1.25 million, seized during Borneo's illegal mining farm raids. What can we say? Ouch.  FUD, HODL, FOMO, DeFi, Farming, and NFTs – What Does Crypto Jargon Mean? – Every industry has its own jargon, and the crypto industry is not an exception. Abbreviations, sadly, make matters even worse. Want to be fluent in Crypto? This piece is an excellent place to start from. Hope you enjoyed today's compilation! We'll be back with a new one tomorrow. Cheers, The Blockster Team © 2021 Blockster. All rights reserved This message was sent to lelakikelasmenengah@gmail.com by info@blockster.com Queensway, Midtown, Giblartar GX11 1AA, Gibraltar Unsubscribe | Manage Subscription | Forward Email

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