DailyCoin
Published Jul 29, 2021 11:00AM ET
Crypto Flipsider News – July 29th – Bitcoin, Israel, Binance, Uniswap, Bit Boy, Vitalik NFT Animation
Institutional Confidence Is Back: $2.5b In BTC Moved Off Crypto Exchanges
Nearly $2.5 billion in Bitcoins were taken out from crypto exchanges. This is over 63K of Bitcoins. The move indicates the return of big money’s confidence in the largest crypto.
Institutional investors have lowered their money inflows into crypto or even sold off since May, as Bitcoin failed to retest new highs and started to fall.
Bitcoin sits at around $40K at the time of publishing. This is nearly 30% growth since July 20th when the dominant crypto stopped falling. The price jump was mostly related to positive context around BTC; institutions buying exposure to BTC through Grayscale, BTC integration with Twitter, Amazon (NASDAQ:AMZN) BTC payment rumors and Bitcoin’s short squeeze.
Flipsider:
Israel Asks To Report Transactions Over $61k, Us Congress Wants The Same, Binance Launches Tax Reporting Tool
Flipsider:
Uniswap Hinted at Possible Partnerships with PayPal and Stripe and Then Changed its Mind
A video which recently circulated online seems to suggest that Uniswap is looking to expand its operations and move into the mainstream.
During a recent speech at the Ethereum Community Conference Ashleigh Schap, Uniswap’s growth lead, mentioned that the company is in conversation with Paypal, Stripe and other well-known fintech brands to introduce DeFi to more potential users.
The prospective relationship between Uniswap and established Fintech companies could offer greater variety to consumers and fulfill the existing demand for cryptocurrencies.
Paypal might be one to benefit from the alliance as it has recently come under scrutiny for their decision to step into a tie-in with the ADL.
Flipsider:
Bit Boy Fights To Remain On Youtube – Cash Me Outside, How Bow Dah?
URGENT: Like & Retweet NOW!Tonight @TeamYouTube deleted my YouTube channel. The censorship and unfair crackdown on #crypto has gone too far.If you want to see YouTube give me my channel back so we can share education and news with you, let @teamyoutube know. pic.twitter.com/zH0XoPdSFu— Ben Armstrong (@Bitboy_Crypto) July 29, 2021
Flipsider:
Vitalik-Featured NFT Animation ‘Stoner Cats’ Lifted Gas Fees
The Stoner Cats and Vitalik Buterin story is still in high rotation in the media. Whether it’s a well-prepared promotional campaign or a coincidence of events, Ethereum’s founder appears in the digest for the third time in a row.
On the other hand, the news is not so bullish this time. Although Mila Kunis’ animation NFTs were sold out in just half an hour bringing around $8M in total, they caused some trouble for the creators. To be precise, the gas fees spiked from $9.50 all the way up to $33 right after they sold out. This overwhelmed the network and caused some transactions to fail.
Flipsider:
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