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4C Newsflash of July 24


Market Cap at 2:01 (UTC) – $267,356,337,964 billion 

Bitcoin dominance: 64.9% 

BTC $9,722.87 (-2.61%

ETH $208.04 (-1.52%

XRP $0.309048 (-0.73%

New York takes action on crypto

On July 23rd, New York Department of Financial Services (NYDFS) has established a new Research and Innovation Division focusing on supporting interval transformation and market innovation. The new division will help the NYDFS to supervise, license virtual currency, assess new technology effort to resolve financial exclusion, identify and protect customer data rights. Additionally, the new division will be led by Matthew Homer, Matthew Siegel, Olivia Bumgardner and Andrew Lucas.
In other news, New York State Assembly assigned six new members to the New York State Digital Currency Task Force. The announcement was made by Assembly member Clyde Vanel on July 22nd on Youtube. The six new members are Joseph Lubin, Sandra Ro, Yaya Fanusie, Yorke Rhodes, Ryan Zagonne and Aaron Wright. The mission of the task force is to investigate and regulate issues related to crypto market.

IRAN approves Bitcoin mining

According to an article by Iran Chamber Newsroom, the Iranian government’s economic commission have approved a mechanism for cryptocurrency on Sunday. Additionally, the mechanism will be put to discussion in a cabinet meeting later.

Marubeni backs WePower

Reuters recently reported that Japan’s fifth largest trading company, Marubeni had come to an agreement to back blockchain power purchasing platform, WePower. Marubeni will help WePower by issuing a loan which can be converted into shares. However, the detailed value of the loan hasn’t been determined.

German authorizes Etherem token sale

BaFIN, Germany’s financial regulator has approved a $280 million Ethereum token offering for a blockchain startup, Fundament. The token sale will be opened to any retail investor in the globe with no minimum investment requirement.

Norwegian Air accepts Bitcoin

Norwegian Air, one of the leading Europe’s budget airlines will start accepting Bitcoin. Norwegians will soon be able to order their ticket and pay with their BTC. Additionally, the firm also reported to open its own cryptocurrency exchange, Norwegian Block Exchange (NBX). The exchange will be opened in August and is expected to roll out in neighboring countries in the new few months. Further reading

Nomura Holdings invests in Omise

According to Jun Hasegawa, the founder of Omise Holdings, the company has received funding from Nomura Holdings. The funding will be used to expand Omise Holdings’ subsidiaries. However, the amount of funding was not revealed.

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