“Omnipresent” Crypto Payments, Custody Exchange Network, DCG and Huobi Get New Weapons and Other News

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Get your daily summary of cryptocurrency and blockchain-related news, investigating the stories flying under the radar of today’s crypto news.

Adoption news

  • A survey by the accounting giant Deloitte shown 85% of respondents, who are executives of various US retail organizations, expect digital currency payments to become “ubiquitous” in their respective industries over the next five years. Over 85% of respondents, which includes 2,000 senior executives from U.S. retail organizations, are giving high or very high priority to enabling cryptocurrency payments, while around 83% are doing the same for stablecoins.
  • American music megastar Jay-Z e Twitter co-founder Jack Dorsey are financing The Bitcoin Academy, which offers free Bitcoin (BTC) training to residents of Marcy Houses, a public housing complex in Brooklyn, New York, USA, where Jay-Z grew up. Courses will also be available for children, Dorsey She saidadding that they will provide devices and data plans for anyone who needs them.

Trade news

  • Cryptographic platform Digital anchor announced integrated with Binance.US and earned commitments from crypto platforms CoinList, Blockchain.com, Strix LeviathanAnd Wintermute in their efforts to build a custody exchange network.
  • Cryptocurrency Exchange Coinme and the issuer of stablecoin USD Coin (USDC). Circle announced a collaboration to integrate USDC into Coinme’s cash onramp andofferamp ecosystem. The service will start rolling out in June 2022, they said.

Investment news

  • Major cryptocurrency investment company Digital currency group launched its asset management subsidiary named Digital HQ. It will offer private investment, wealth planning, risk mitigation, and insurance, among other services.
  • Cryptocurrency Exchange Huobi announced the launch of Ivy blocks, their new investment arm in the DeFi and Web3 blockchain ecosystem. It will be launched with three main services, Liquidity Investment Department, an asset management platform for smart DeFi mining and income aggregation; Ivy Labs, an innovative cryptocurrency and blockchain incubator; and Ivy Research, which focuses on blockchain and cryptocurrency research.
  • Circle announced agreed to purchase a digital asset infrastructure platform I was eating for an undeclared amount. The acquisition will allow Circle to offer “infrastructure as a service” for companies looking to build on Web3.
  • WE treasure Secretary Janet Yellen said cryptocurrencies are a “very risky” choice to include in average savers’ pension plans and that it would be reasonable for Congress to face the danger. according to to Bloomberg.
  • Decentralized software organization PartyDAO announced raised $ 16.4 million in a round led by a16z crypto. The funds will go to their project called PartyBid V1, a protocol for purchasing an NFT together as a group, they added.
  • Decentralized exchange protocol Orderly network announced the completion of a $ 20 million strategic investment round. The project plans to use the funds to focus on recruiting, product development, growing their ecosystem and building partnerships.
  • Initiating corporate crypto payments Request Funding said he has Locked down a $ 5.5 million seed investment round. The funds will help them continue to work on their efforts to streamline corporate payments for crypto-native companies, they said.
  • Digital payments network Flexa She said intends to acquire a marketing technology company Drop party. The latter will join the Flexa suite of product offerings and in order to strengthen Flexa’s commitment to merchants, they said.
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Regulation news

  • The Albanian parliamentary assembly drafted a resolution asking for the Financial supervisory authority (AFSA) to approve regulatory acts on cryptographic and digital currencies by 2022, for Exit. They called on AFSA to strengthen its industry regulation and “step up cooperation with international regulators to get better experiences for this market.”

Career News

  • Pierre Rochard, product manager for Bitcoin and Lightning Network at Kraken, announced he is retiring from the company and has hinted that he will still be working on an unspecified project related to BTC.
  • Investment company focused on Web3 and blockchain CoinFund announced the appointment of Margaret Gabriel as Head of Talent. Gabriel was previously Head of Learning & Development at the cryptocurrency exchange Twins.

Mining news

  • GEM Mining announced produced BTC 239 in May 2022, with a hash rate of 1.92 EH / s and an active mining fleet of 19,459 for a turnover of $ 7.57 million. As of May 31, GEM produced over 1,160 BTC in 2022 and the company recorded a 1,206% year-over-year increase in BTC produced.

NFT News

  • American actor Seth Green reunited with the Bored Ape Yacht Club Apparently NFT lost in a phishing attack last month, according to to BuzzFeed News. He reportedly paid ETH 165 (USD 286,000 today) for the NFT, after it was sold to a collector.

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