Week in review: July 9, 2021 – $1B spent using crypto-linked cards

Written by Robby Ramos
on July 12, 2021

Payments giant Visa has revealed that over a billion dollars was spent using its crypto-linked cards during the first half of 2021. Singapore is becoming a hotspot for global companies and executives. Bitcoin looking to stabilize at $30k. Read our weekly round up below.

Visa: More Than $1 Billion Spent Using Crypto-Linked Cards in 2021

Decrypt: July 7, 2021

Financial services giant Visa has revealed that over $1 billion in cryptocurrency was spent using its cards in the first half of 2021. The company has teamed up with more than 50 cryptocurrency-related companies to allow its clients to convert and pay with digital assets at over 70 million merchants across the world.

Crypto Executives and Companies Are Flocking To Singapore To Take Advantage Of Its Crypto-friendly Regulations and Growth Potential

Insider: July 9, 2021

As the rest of the world cracks down on cryptocurrencies, the island nation of Singapore is becoming a hotspot for global crypto companies and executives with its warmer regulations and license exemptions.

Galaxy’s Novogratz: China ‘Declared War’ On Crypto, Sees Bitcoin Consolidating Around $30,000-$35,000

Seeking Alpha: July 8, 2021

Michael Novogratz, CEO of cryptocurrency investment fund Galaxy Investment Partners (OTCPK:BRPHF), said Thursday that China has “declared war” on cryptocurrencies as part of a new Cold War brewing with the U.S.

Jack Dorsey Confirms Square Is Building an ‘Assisted Custody’ BTC Hardware Wallet

Cointelegraph: July 8, 2021

Digital payments firm Square is building a Bitcoin hardware wallet, with CEO Jack Dorsey and hardware lead Jesse Dorogusker both confirming the plan on Twitter.

Argentine Lawmaker Presents Bill Enabling Workers to Receive Salary in Cryptocurrency

Bitcoin.com: July 8, 2021

A bill has been introduced in Argentina to allow workers to receive their salaries in cryptocurrency. He explained the idea is that workers “can strengthen their autonomy and conserve the purchasing power of their remuneration.”

As Bitcoin Breaks Down, Two Traders Share Key Levels To Watch

CNBC: July 8, 2021

Bitcoin, ether and litecoin all tumbled as investors soured on riskier assets in favor of safe havens such as bonds. Craig Johnson, chief market technician at Piper Sandler, is watching the charts closely for which way bitcoin could break next.

Bank of America Is Launching a Crypto Research Team as Institutional Interest in Digital Assets Rises

Business Insider: July 8, 2021

“Cryptocurrencies and digital assets constitute one of the fastest growing emerging technology ecosystems,” Candace Browning said, adding that the sector is currently valued at about $2 trillion.

Bitcoin Could Stabilize Around $30K Into The Weekend

Coindesk: July 9, 2021

Bitcoin (BTC) remains in a tight range after buyers took profits near $34,000 resistance. The cryptocurrency registered a series of lower price highs over the past few days, which suggests sellers are in control. The price decline could stabilize into the weekend around $30,000 support.

ALT 5 Sigma Names Richard Groome as Executive Chairman!

ALT 5 Sigma Names Richard Groome as Executive Chairman!
Read the full press release here.

Robby Ramos

Robby Ramos

Director of Digital Marketing | Bridging the gap between digital assets and financial institutions.