Crypto Market Overview – Jul 21th, 2021

 

Dex-Trade Crypto Market Overview July 21

 

Elon Musk, Katie Wood and Jack Dorsey to Become Keynote Speakers at “The ₿ Word” Crypto Conference

 

Tesla and SpaceX CEO Elon Musk, Twitter CEO Jack Dorsey, and Ark Invest CEO Katie Wood will give detailed talks at The ₿ Word crypto event on July 21st. Chaintimes reported.

 

The conference is organized by the Crypto Council for Innovation, a global alliance of leaders in the crypto industry, who advocate for the demystification of the crypt and raising awareness of the general public on the implementation of distributed ledger technology in various spheres of human life.

 

It’s expected that the conference will include open discussions on topics such as expanding economic opportunities with BTC, security of the cryptocurrency ecosystem, government regulation of digital money and support for developers.

 

Speakers also reportedly include Brink CEO John Newbury, Blockstream co-founder and CEO Adam Back, Lyn Alden Investment Strategy founder Lyn Alden, and Castle Island Ventures founding partner, Coin Metrics co-founder and chairman Nick Carter.

 

The “The ₿ Word” main mission is to draw attention to the digital money industry and scatter the digital economic future.

 
 

Fresh research from Fidelity Investments Inc: institutionals are ready to buy crypto assets

 

A large research conducted by Coalition Greenwich and commissioned by Fidelity Digital Assets (the cryptocurrency arm of Fidelity Investments Inc) showed that institutional investors are willing to invest and will continue to invest in digital assets in the future. Cointelegraph reports.

 

The survey included 1,100 large investors, family businesses, digital, traditional and targeted hedge fund managers, and financial advisors. Most of them have declared their desire to invest in BTC and altcoins.

 

The research was conducted from December 2020 to April 2021. Its results showed that 70% of those surveyed plan to invest in cryptocurrencies, purchase stocks of crypto companies or crypto derivatives in the next 5 years.

 

Thus, the international asset management giant Fidelity Investments Inc is shifting the focus on the relevance of digital currencies and financial derivatives and, it seems, is popularizing them among large capital holders.

 
 

US Republicans Resent: Crypto Yuan Planned For Beijing Winter Olympics

 

Republican Senators Marsha Blackburn, Cynthia Lummis and Roger Wicker have expressed concerns that China will use central bank digital currencies (CBDCs) in means of payment at the Beijing 2022 Winter Olympics. Coinnounce reports.

 

The politicians wrote a joint letter to the US Olympic and Paralympic Committee (USOPC), in which they argued that the crypto-yuan could become a tool for spying on American athletes by Beijing.

 

This opinion is also shared by some representatives of the crypto community, who believe that China can use digital technologies as a tool for mass surveillance and tracking of people's financial activity.

 

Republican senators said the committee should prohibit American athletes from receiving or using CBDC while participating in the Olympics.

 

Published: 2021-07-21