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Daily News Headlines | Latest Crypto News (22st July) | Cryptoknowmics

Here are the top 5 crypto news for the day!

Let’s dive into the news headlines one by one and see how they’ll be affecting the crypto space as we know it, in the coming days.

 

According To FTX Founder And CEO $25000 May Be The Next Strong Support

 

In a recent interview with Bloomberg, FTX founder and CEO Sam Bankman shared his thoughts and ideas on the crypto market’s current conditions. Bankman also addressed digital asset rules, which is a cause of concern among EU and US authorities.

 

Upgrade Launches America’s First Generally Available Bitcoin Rewards Card

 

Fintech startup Upgrade Inc. has launched a new version of its credit card that offers crypto rewards to customers. The Upgrade Bitcoin Rewards Card is a low-cost Visa signature card accepted at all Visa-supporting retailers. Its holders can earn 1.5% in Bitcoin rewards on every purchase they make, which they can hold and sell at the trading platform provided by NYDIG.

 

Alameda Research Admits To Buying A Lot More Bitcoin Under $30,000

 

Alameda Research, directed by Sam Bankman-Fried, has raised its net worth to $8 billion, admitting to buying a lot more Bitcoin under $30,000. On Wednesday, Bitcoin tried a tiny rebound above $30,000, according to the statements. On the FTX market, which just raised a record $900 million, the cryptocurrency reached an intraday high of $31,669.

 

Crypto Mining Firm Core Scientific to Go Public Via SPAC Merger

 

One of America’s largest cryptocurrency miners, Core Scientific, is gearing up to go public through a merger with a special purpose acquisition company (SPAC). According to an announcement made on Wednesday, the company will merge with Power & Digital Infrastructure Acquisition Corp. upon receiving shareholders’ approval for a deal valued at $4.3 billion.

 

24 Exchange Secures Crypto Trading License in Bermuda

 

Multi-asset trading platform 24 Exchange has been granted a “Class T” digital assets license by the Bermuda Trading Authority (BMA). In a press release issued on Tuesday, the company announced that it expects to offer crypto trading services to its institutional clients and facilitate wider adoption of digital assets in the future.