Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Crypto Flipsider News – July 23rd – BlockFi, Circle K, ThorChain, IBM Health Passport, Steve Jobs, NFT, ADAHA

CryptocurrencyJul 23, 2021 11:01AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Crypto Flipsider News – July 23rd – BlockFi, Circle K, ThorChain, IBM Health Passport, Steve Jobs, NFT, ADAHA

  • BlockFi is under U.S. regulatory scrutiny, plans IPO
  • Circle K convenience stores will host thousands of crypto ATMs
  • ThorChain attacked a second time in a week
  • Blockchain-based IBM (NYSE:IBM) Health Passport integrated with Amadeus reservation system
  • NFT news: Steve Job’s Job Application, Binance NFT Drop and The ADAHA Collection

BlockFi is Under U.S. Regulatory Scrutiny, Plans IPO

The United States regulators come stricter on crypto lending startup BlockFi due to its Interest Accounts (BIA) offering. Within the past few days, regulators from Texas, New Jersey and Alabama alleged that BlockFi’s Interest Accounts are unregistered with states’ securities regulators.

BlockFi has several weeks to respond and continue the BIA operations. The startup says its Interest Accounts product is lawful and appropriate for crypto market participants. Currently, with a BlockFi Interest Account (BIA), cryptos can earn up to 7.5% APY.

Flipsider:

  • BlockFi does not comment, but CoinDesk reported that the “documents circulated to investors” reveal it might be working on plans to go public within the 12 to 18 months.

Circle K Convenience Stores Will Host Thousands of Crypto ATMs

The largest Bitcoin ATM operator will be expanding into Circle K locations in the United States and Canada.

Bitcoin Depot has about 700 of its Bitcoin ATMs installed at partners Circle K convenience stores across various U.S. states. The company also has about 3,500 crypto ATMs in operation across the U.S. and Canada, with the possibility to purchase more than 30 different types of cryptocurrencies.

Thus, Bitcoin Depot aims to provide underserved communities with financial access services, which ultimately will attract more people to the crypto space.

The number of crypto ATMs across the globe has grown significantly. So perhaps Bitcoin Depot is doing a great job bringing accessibility to more people?

Flipsider:

  • Even though Bitcoin Depot mission to expand cash-to-crypto services sounds great, let’s not forget about high fees. One of the most common complaints about Bitcoin ATMs is their fees varying up to 5.1% per transaction and some Bitcoin ATMs have fees that are much higher reaching 15%.

ThorChain and White Hats

Cross-chain DEX ThorChain suffered another attack on Thursday, which came just days after the previous one, that caused nearly $5 million losses.

According to ThorChain’s tweet, the current attack was carried by the white-hacker who asked for his 10% bounty. The current attack cost nearly $8 million. The sophisticated attack was implemented via the ETH router.

ThornChain said the ETH will be halted until it can be reviewed with audit partners, as a priority.

It also named the “complexity of the state machine” as the current Achilles heel.

Flipsider:

  • Everybody in crypto is in the race at some point, as space is evolving at the speed of light. But maybe it’s time to slow down with the tempo? And thoroughly audit, audit (and once again audit) such complex systems before they go live?

Blockchain-Based IBM Health Passport Integrated With Amadeus Reservation System

Spanish flights reservation system Amadeus partnered with IBM to offer a simplified flight onboarding process in times of global pandemic. Amadeus will integrate IBM’s digital health passport solution into its platform.

Blockchain-based IBM’s Digital Health Passport allows the validation of user’s vaccination data in a secure decentralized way. It also authenticates credentials against pandemic requirements of each country.

Travelers (NYSE:TRV) will only have to scan their QR codes instead of presenting paper certifications at the gates. The reservation system is used by 474 airlines.

Flipsider:

  • Hopefully, this will help to reduce queues when onboarding the flights. At least, while they are still allowed.

NFT News: Steve Job’s Job Application, Binance NFT Drop and the ADAHA Collection

  • A 1973 handwritten job application from Steve Jobs when he was 18 is going for auction both as a physical collectible and an NFT. The application is one page long and was written right before Steve and Steve Wozniak, set up the Apple (NASDAQ:AAPL) company. The aim of this auction is to not only sell the collectible but also to determine which version of the document would sell for more. As many other auctions, Olly Joshi’s event will donate a portion of its proceeds from the sale to cancer research and children’s charities.
  • The ADAHA Collection with its innovative artwork is stepping a foot into the Binance NFT marketplace. It will showcase thought-provoking artwork from eight contemporary artists. The collection will be available via an online auction which will start on July 27, giving a great opportunity for NFT collectors to purchase rare artwork from renowned artists.

Flipsider:

  • This unusual auction format will demonstrate where the real value lies -in physically accessible collectible or in innovative NFT?
  • As more NFT’s are coming to the daylight, digital art is booming. Not only is everyone releasing their NFT’s but also, some are selling them for millions. The question stands: are those participating understand the actual value of digital art, or they only are chasing after what’s popular?

EMAIL NEWSLETTER

Join to get the flipside of crypto

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7] You can always unsubscribe with just 1 click.

Continue reading on DailyCoin

Crypto Flipsider News – July 23rd – BlockFi, Circle K, ThorChain, IBM Health Passport, Steve Jobs, NFT, ADAHA
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email