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🚀 Have you gotten a Punk yet?
🚀 Have you gotten a Punk yet?
| Happy Monday, Geckos! China continues cracking down on crypto trading.
On Saturday, The People's Bank of China (PBOC) released a regulatory assessment regarding China's monetary policies for the first half of 2021.
According to the report, the People's Bank of China holds firmly that crypto trading poses a financial danger to the economy and that it would maintain heavy regulatory pressure on illegal crypto trading.
The PBOC also stated that it will focus on accelerating yuan internationalization and the digital yuan's implementation, as well as promoting green finance.
In today's news, CryptoPunks sales gain momentum, Binance regulatory woes continue, and PayPal assembles crypto team in Ireland.
Read on! | | |
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| 24h Hot Searches Worldwide 👀 | |
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Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk | | | Although fans are a vital part of any sports team, they are rarely involved in making decisions in driving the growth and future development of their teams to greater heights. Chiliz is offering to change that through Fan Tokens.
Learn more about the next generation of fan engagement with this article from our analyst, Win Win. | | The Unstoppable Punks
On July 31, the number of CryptoPunks' sales on OpenSea jumped from 21 to 303 over the span of a week.
The ape call was sounded by Gary Vaynerchuk, a motivational speaker, and entrepreneur who purchased a CryptoPunk for 1,600 Ethereum (ETH) ($3.7 million) on Friday.
The rapid increase in popularity led to a weekend-long buying binge with its daily sales volume reaching $22 million on Sunday.
Decrypt | | Binance's Uncertain Future
Binance's regulatory troubles intensified on Friday when Malaysia's Securities Commission ordered the company to cease operations in the country.
Meanwhile, Binance said that it will close down futures and derivatives products in Europe, beginning with Germany, Italy, and the Netherlands.
Effective immediately, users in Germany, Italy, and the Netherlands will be unable to set up new futures and derivative positions on the platform.
CoinDesk | | PayPal is Paying for More Crypto Pals PayPal is looking to recruit several crypto-focused posts in compliance, anti-money laundering, and business development for its Dublin and Dundalk operations.
The new hires will support PayPal in expanding its crypto-focused business offering at a time when Bitcoin (BTC) and ETH are gaining momentum.
The initiative materialized after Schulman, PayPal's CEO, stated that the company's crypto trading service would be arriving in the UK soon. Cointelegraph |
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| | Daily Active Addresses (DAA)
On a blockchain, users interact with one another through their addresses, and daily active addresses (DAA) refers to the number of addresses which fulfills the defined activity parameter on a given blockchain. DAA is useful to measure how active a given blockchain is, and can be more representative compared to tracking number of transactions. Learn about other Crypto terms here | | | | | |
Rug Poll
Gallery: Parallel
Ah, rug pollen. Grass near the source turns to a soft, plush velvet. Feels great between the toes, but get too comfortable and you'll be too dizzy to tell the difference between your lover and a big ol' blacktusk. Nasty little trick.
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