Cryptocurrency headlines in June
June 2021 crypto and digital currency news,
articles and downloads
June 2021’s crypto news headline summary gathers items spanning central bank CBDC moves, social impact in The Philippines using gaming and cryptocurrency, China’s digital yuan in Xiong’an, the massive a16z Crypto Fund II, the Bank of Thailand’s moves towards digital currency and many more.
Hit each crypto headline below to read the digital currency news item behind it in full, online and for free.
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- ICYMI: El Salvador president announces plan to make Bitcoin legal tender alongside US Dollar, subject to approval of legislation by El Salvador congress
- Download: Bitcoin White Paper Made Simple – A guide to understanding the Bitcoin white paper for people without an advanced degree in computer geekery (pdf)
- ICYMI: Bitcoin set to become legal tender in El Salvador on September 7th, becoming the first country to take the step
- Download: Bloomberg Crypto Outlook, May 2021 Edition (pdf)
- Download: Bloomberg Crypto Outlook, June 2021 Edition (pdf)
- Q1 2021: Cryptocurrency, CBDC and digital currency news headline summary for January, February and March of this year
- Download: Cryptocurrency Crime and Anti-Money Laundering Report, via CipherTrace
- ICYMI: Square payments provider considering developing hardware cryptocurrency wallet, essentially open-source and not tied to Square ecosystem
- Fantasy Hollywood’: A deep dive into the combination of cryptocurrency, NFTs, decentralized autonomous organisations and community-owned characters
- NFT trading volume expected to hit $175M by October, given 645% rise between January and March 2021, with market expected to grow from 2020’s $338M to $470M by year-end
- “There’s a new vision for crypto, and it’s wildly different from Bitcoin”
- ICYMI: US City of Miami to launch MiamiCoin token, allowing residents ‘to make money for yourself while building municipal assets’
- “Unlike cryptocurrencies…central bank digital currencies would be issued, backed and controlled by domestic national banks [allowing]…governments to monitor every transaction…”
- ICYMI: Andreessen Horowitz venture capital giant – a16z – raises $2.2BN for Crypto Fund III, making it the VC industry’s largest cryptocurrency-focused investment fund
- ICYMI: Snickerdoodle Labs raises $2.3M with data privacy-focused NFTs, aiming for NFTs to be ‘the cookies of the Web 3.0 ecosystem’
- “The digital currency revolution is here, and may sweep away 5,000 years of monetary history. There is a coming storm in the world of finance as governments around the world engage in a global contest to digitize their currencies.”
- ICYMI: Bank of France completes CBDC settlement experiment, testing CBDC issuance and settlements on a public blockchain via a smart contract simulation
- Download: ‘The future of digital currencies’, a February 2021 9-page outline from Standard Chartered (pdf)
- The digital currencies that matter’: Get ready for Fedcoin and the e-euro – via The Economist
- China: Past digital yuan project head talks of CBDCs in future working on Ethereum smart contract basis rather than as digital cash, executing functions when set conditions are met
- China: Industrial and Commerce Bank of China the first bank in the country to launch feature allowing conversion of cash to ‘digital yuan’ at 3000 ATMs in Beijing
- China: Xiong’an government launches digital yuan pilot using Blockchain Fund Payment Platform to pay some builders’ wages
- China: Will digitization change the status of the yuan at home and abroad?
- China, global trade & CBDC: “The only question is how far-reaching the ramifications will be across issues related to who controls access to capital and its movements.”
- The digital currencies that matter’: Get ready for Fedcoin and the e-euro – via The Economist
- Download: Are Central Bank Digital Currencies (CBDCs) the money of tomorrow? From Deloitte (pdf)
- ICYMI: Indonesia’s central bank now planning to launch ‘digital rupiah’ currency and is assessing which platform it will use
- Bank of Thailand hires Germany’s Giesecke+Devrient tech firm to develop central bank digital currency prototype, allocating around $320K for the project
- Australia: Lloyds Auctions Australia begins accepting cryptocurrency for all purchases on its marketplace
- China: Sichuan, the country’s second-largest bitcoin mining province, added to crackdown, ordering cryptocurrency mining projects to shut down
- Cryptocurrency attack methods to be aware of in 2021, focusing on the 4 most talked-about methods on cybercrime forums
- ICYMI: US Republicans’ House campaign arm to accept contributions in cryptocurrency, processing donations using BitPay and immediately converting into dollars
- Hong Kong: Amber Group cryptocurrency trading firm raises $100M Series B, ten times the company’s 2019 Series A, offering algorithmic trading and more
- South Korea: Residents to be required to pay tax on crypto assets held in overseas exchanges, starting January 2022
- China: BIT Mining delivers first batch of 320 machines to Kazakhstan after operations in Sichuan province were suspended in gov’t crypto mining crackdown
- ICYMI: JPM Coin, JP Morgan’s digital token, looks at future “programming what money can do for you, whether it’s conditional payments, whether it’s things like tax assessments.”
- South Korea: Banks to be required to ensure virtual currency exchange clients are classified as high-risk, subject to transaction monitoring and user ID verification
- South Korea: Over $47M in bitcoin, ethereum and other crypto assets were confiscated from 12K people accused of tax evasion following months-long probe
- Indonesia: Cryptocurrency transaction volume grew by nearly 470% from $4.4BN last year to $25BN in the first 5 months of 2021
- Hong Kong to test connecting China’s e-CNY, the ‘digital yuan’, with its domestic payments network, heralding second stage of digital currency trials in the city
- FinTech news, quarterly: A wide angle round-up of key fintech and banking technology news headlines, articles, reports and downloads from Q1 2021
- Philippines: Yield Guild Games raises $4M Series A with focus on play-to-earn games using NFTs
- India: Unbound Finance blockchain startup raises $5.8M, in part enabling interest-free crypto loans in Unbound’s $UND stablecoin and other ‘synthetic assets’
- ICYMI: Tim Berners-Lee to sell source code that made the first web browser work as an NFT in a Sotheby’s auction later in June
- ICYMI: ‘Vault by CNN’ set for launch, to sell memorable moments from CNN’s 41-year history as non-fungible tokens
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