As Bitcoin managed to recoup a lot of the price action lost over the past 2 weeks, falling just shy of $11,000, there was lots to report from the crypto world this week:
The platform is going from strength to strength, at an exponential rate. Just over the past week, they announced the Futures A and B platforms, acquired the JEX exchange and have launched their own USD-backed stablecoin named BUSD.
Vice Presisdent of Apple Pay, Jennifer Bailey commented earlier this week that “We’re watching cryptocurrency,”. Giving one of the biggest signs yet that it is just a matter of time until Apple join Samsung in embracing blockchain and cryptocurrencies into their products. Asian banking giant HSBC also used the Voltron blockchain to carry out the first Yuan-denominated letter of credit transaction.
Bakkt confirmed that they have started accepting deposits for their Sept 23rd launch of physically backed Bitcoin Futures. Meanwhile the joint ETF application from VanEck/SolidX found a SEC loophole to launch their delayed product, albeit to institutions only. As the new NFL season gets underway, LA Chargers left tackle Russell Okung is looking to raise Bitcoin awareness throughout the league, proposing the possibility of players being paid in BTC one day.