Daily Crypto NewsEDITION #EP8, 27 July 2020

Moni Talks EP8: Mass adoption is in the air

🟣 See the vital crypto-market stats here.

🇺🇸 The Office of the Comptroller of the Currency (OCC) published a letter clarifying national banks' and federal savings associations' authority to provide cryptocurrency custody services for customers.

🇨🇳 China's state-backed Blockchain-based Service Network (BSN) has integrated with six public chains including Tezos, NEO, Nervos, EOS, IRISnet and Ethereum.

🇯🇵 The Bank of Japan said on Monday it has created a new team to look more closely into central bank digital currencies, taking a cue from heightening demand for cashless payments and growing moves by its global peers to eye issuance of such currencies.

🇷🇺 Russia has updated its crypto law. It’s not as strict as proposed earlier drafts but has rendered currencies like Bitcoin basically useless.

👩🏻‍💼Commissioner Hester Peirce, AKA “Crypto Mom,” slammed the SEC for chasing after Telegram for its 2018 ICO.

💳 The Visa payment company announced its intentions to focus on cryptocurrency and blockchain, while prioritizing stablecoins, CBDC and blockchain technologies. Visa plans to bridge the gap between cryptocurrencies and Visa's 61 million merchants. Payments giant PayPal is also said to have partnered with Paxos Crypto Brokerage to launch its crypto service. Another significant partnership includes Wirex and MasterCard, who have brought their efforts together to bring crypto one step closer to the mainstream.

👨‍⚖️ Cryptocurrency businesses are taking Google, Facebook, and Twitter to court in a class-action lawsuit that could cost the social media giants $300 billion.

📈 Binance CEO, CZ tweeted that we are very much in the altseason now.

💰 Whale alert service has rolled out a research article, estimating the fortune of Satoshi Nakamoto. Satoshi, by the way, not only created the Bitcoin network, but also played a significant role in ensuring Bitcoins security throughout the first years of its existence. More details on the development of Bitcoin blockchain can be found in this article.