Welcome to All Things Blockchain your go-to source for keeping up to date with everything blockchain and crypto related.
The way we look at money is changing at a rapid pace. The future of money is increasingly being shaped by the digital first habits of consumers and innovations like stablecoins.
Stablecoins which combine the stability of traditional currencies with the benefits of digital assets, offer a reliable means of transaction, reducing the volatility commonly associated with cryptocurrencies. They enable faster, cheaper cross-border payments, and can be seamlessly integrated into various financial systems and services.
Join us on Wednesday to talk about the Future of Money including the use of Stablecoins. Hope to see you there!!
This months issue:
📉 Bitcoin Dominance Drops
🤝🏼 Stripe Joins Forces With Coinbase
👩🏼⚖️ SECs War On Staking
THE TLDR;
📉 Bitcoin Dominance Drops:
Bitcoin's market dominance dropped by 1.8% to 54.34%, its largest fall in five months, due to concerns over the redistribution of 140,000 BTC from the 2014 Mt. Gox hack. The announcement created anticipated selling pressure due to fears that recipients would cash out, increasing market supply.
This anticipation, coupled with the U.S. Government transferring 3,940 seized BTC to Coinbase, led to a nearly 5% drop in Bitcoin's price to $58.8K. While some expect limited selling pressure from long-term Mt. Gox creditors, traders sought downside protection with short-term options. Bitcoin has since bounced back.
🤝🏼 Stripe Joins Forces With Coinbase:
Coinbase has just announced their partnership with Stripe, they will now feature their native token Base in Stripe’s stablecoin payments. Coinbase Wallet users are now able to purchase crypto with credit cards or Apple Pay via Stripe.
Stripe announced they are will be supporting USDC payments, expected to roll out this summer.
👩🏼⚖️ SECs War On Staking:
The SEC has filed a lawsuit against ConsenSys, alleging that its MetaMask Swaps and Staking services violated U.S. securities laws. The SEC claims ConsenSys acted as an unregistered broker and engaged in the unregistered sale of securities, collecting over $250 million in fees. The complaint also identified Lido and Rocket Pool's staking services as unregistered securities.
This follows ConsenSys' recent lawsuit against the SEC over its regulatory approach to Ethereum and a Wells notice indicating a planned enforcement action. Despite ending its investigation, the SEC may pursue future actions against ConsenSys.
💭Do you want to get access to our Blockchain Utility Hub?
Have you ever dreamt of an organised list of different Blockchain businesses? I know I have 🙋🏼♀️
I’m always finding amazing use cases and businesses that utilise Blockchain, usually while listening to a podcast or reading / researching and then… 😬 quite literally 20 minutes later I’ve totally forgotten the name.
We know how much the ATB community likes to learn about new projects in the Blockchain / Crypto space to help while you build/invest/learn.
So we saw this as an opportunity to create a free resource: The ATB Utility Hub! This is a database full of Blockchain businesses/projects that are sorted by their industry and best bit its constantly getting updated and added to..
You can get access to the ATB Utility Hub (for FREE) here!
Last months recap:
The Great Meme Coin Debate 🐸🐶👀
We held a community debate on whether memecoins are good or bad for the crypto ecosystem!
Where experts in the space, and both memecoin enthusiasts and sceptics got to voice their opinion.
We looked into the impact, potential, and controversy surrounding memecoins on the space as a whole.
What’s on this month:
Have you ever stopped to think about what the future of payments will look like?
Will it include Stablecoins or still be reliant on foreign exchange? How will international workers be paid for their services and who will be the winner amongst stablecoins.
This month we are going to speak with a panel of industry experts about the Future of Money.
Speakers include:
Berni B - Co-founder of Stables
Jamie N Founder of Square Pegs Legal
Where & When
📅 Date: July 3rd
⏰ Time: In-person gathering at 5:30 PM IRL
📍 Location: Hybrid Event - In-Person at 25 Montpelier Road, Bowen Hills, Brisbane, Level 3
Join in Online at 6:15 PM
👏🏼 Sponsor spotlight:
We'd like to shout out our amazing sponsors! Without their this wouldn't be possible..
This month we are thanking our sponsor..
Stables
Stables is a comprehensive digital wallet designed for stablecoin users, allowing seamless spending, sending, and earning of USDC and USDT.
It includes a Mastercard for using stablecoins anywhere, facilitating global transfers without fees, and offering rewards for shopping and referrals.
Stables prioritises security with institutional-grade cryptography and simplifies the conversion between cash and stablecoins, making it user-friendly for both daily transactions and investment purposes.
Stables aims to integrate stablecoins into everyday financial activities efficiently.
If you want to know more, you can do that here.
Or follow them on Linkedin
And of course we'd like to thank you for being a valued member of our community! If you'd like to see something featured in our next edition please reply to this and let us know.
Team ATB.
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This Newsletter was written for All Thing Blockchain (ATB) by Jess de Haas.
The information in this newsletter is for educational purposes only, it is not investment advice.
