Daily News Headlines | Latest Crypto News (29th June) | 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.

German Financial Authority Grants Crypto Custody License to Coinbase

Germany’s financial watchdog has approved a crypto custody business license for Coinbase, enabling the leading exchange to continue activities in the German market. Coinbase is the first crypto exchange to receive a license to operate as a custodian for digital assets.

Self-Crowned Bitcoin Inventor, Craig Wright Wins Copyright Lawsuit

Craig Wright, the self-crowned Bitcoin inventor, won a High Court battle today to get the copyright lawsuit deleted off Bitcoin.org. It is his first victory in attempting to control who sees the Bitcoin whitepaper.

Ethereum(ETH) and Internet Computer(ICP) Record Double-Digit Gains

Ethereum (ETH) and Dfinity’s Internet Computer (ICP) have surged by 10% and 15% respectively while o ther tokens grew by far less. ETH reached $2,015 as its value increased by 10.5%. This is the first time since Thursday when the second-largest crypto touched the $2,000 mark.

Bitcoin Cannot Replace Fiat Money: Former Finance Minister of Greece

The former minister of finance of Greece, Yanis Varoufakis, argued that Bitcoin cannot and should not displace fiat money while emphasizing that countries should adopt its underlying technology — blockchain. In an interview with news publication Greek Reporter, Varoufakis, a well-known BTC critic, cited the largest cryptocurrency’s limited supply as a major drawback.

Polygon Will Introduce Avail, An All-Purpose Blockchain

Polygon, formerly known as the MATIC network, aims to launch Avail, an Ethereum full-stack scaling solution. Avail, according to Polygon, would guarantee flawless data availability while avoiding data encoding proofs through the use of erasure coding and polynomial commitments to build a two-dimensional data availability system.