Last month was full of ups and downs in the crypto market. Bitcoin quotes collapsed below $53,000 in early July after large volumes of BTC were moved from the wallets of the Mt.Gox crypto exchange, preparing to return assets to its creditors ten years after the hack. However, the panic in the crypto market didn’t last long, and by the middle of the month, the price of BTC began to recover, rising to $65,000.
Mid-summer was also a turning point for the cryptocurrency industry in the European Union, where the MiCA bill’s critical rules regarding stablecoin issuers came into force on June 30. Crypto exchanges began adjusting to the new regulatory requirements, refusing to list unlicensed assets. Stablecoins USDC and EURC became the first fully legal digital tokens in the EU thanks to Circle receiving a license to operate in the region.
CoinsPaid Media readers will learn about these and many other events in the crypto market thanks to the team regularly publishing key Web3 industry news. We recommend subscribing to us on social media to stay updated on major events.
For many years, the traditional diamond market was considered a “closed club” for large investors only. Everything changed with the launch of the Diamond Standard blockchain project. Using this case study, we reveal how blockchain and tokenization ensure standardization, and the growth of liquidity and availability of precious metals.
We discuss one of the most popular trading strategies — what it is, how it works, and whether you can make money on crypto arbitrage. The article also draws separate attention to the types, popular tools, and risks of arbitrage.
We continue to break down the terminology of professional traders and tell you what options are. You can learn the difference between traditional and crypto option contracts, as well as how options differ from other financial instruments.
We decided to figure out what exactly ensures the long-term sustainability and constant growth of the Ethereum ecosystem. It turned out that the blockchain network owes its evolution to an effective decision-making system within the project. You can learn how, where, and who makes decisions that play a key role in the development of the blockchain network of the largest altcoin.
The last month of summer prepared for crypto community members many interesting opportunities for meetings and networking. As usual, CP Media has prepared a list of the most significant events related to the Web3 industry, which will be interesting to attend in August 2024.
We’d also like to emphasize the achievements of our SOFTSWISS colleagues over the past month. Game Aggregator, SOFTSWISS’ flagship solution, expanded the number of games included in the company’s portfolio to more than 23,500, solidifying the title of the largest content hub in the iGaming market. Besides, SOFTSWISS’ Anti Fraud Team helped the company’s customers save around €6 million by increasing the global security of the iGaming ecosystem.
Last month, the CryptoProcessing brand was recognized as the best cryptocurrency payment solutions provider at Malta’s Gaming Excellence Awards 2024.
