Daily News Headlines | Latest Crypto News (8th 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.

Ripple’s Director Equates XRP Use Cases With Bitcoin

Ripple’s director Matt Hamilton took to Twitter yesterday to dispel the misconceptions surrounding XRP’s use cases. Hamilton decided to set the record straight on XRP utility, the reason for its development, and why it’s a better version of Bitcoin(BTC).

Use of Crypto-Linked Cards Exceeds $1B in the First Half of 2021

Visa announced on Wednesday that in the first half of 2021, the worldwide use of crypto-linked cards exceeded $1B in the purchase of products and services. In comparison, Visa projected cryptocurrency spending at a fraction of that amount in the same periods last year and this year. 

Israeli Parliament Receives Declaration to the Elected President as NFT

In the run-up to the new Israeli President, Herzog has received the declaration with a duplicate of the original oath signed by his late father, Chaim Herzog, as an NFT. The concept came about when people in Parliament felt it would be a fantastic way to connect the past with the present.

Supply Shock is Occurring as BTC Withdrawal Rates Reach One-Year High

Willy Woo, an on-chain expert, predicts the occurrence of a supply shock in the Bitcoin market if long-term holders continue to rake BTC supply from short-term holders. According to Woo’s Friday email, the procedure may cause additional Bitcoin to be removed from circulation.

Ethereum Registers Over 5 Million Unique Addresses Before Upgrades

Data indicates Ethereum registered roughly 5.37 million addresses between Jun 6th,2021 – July 6th,2021, which means the network added approximately 173, 235 uniques addresses each day. Last week, the asset surpassed Bitcoin in terms of active addresses for the third time in a month.