Hey guys!

Welcome back to your favourite crypto weekly news update.

In this week's episode, we have the following:

  • Binance has been kicked out of the UK
  • Twitter releases NFTs
  • Payment company NCR teams up with NYDIG to bring crypto to 650 banks in America
  • Cardano sets the standard.

Find details below.

1. 650 Banks To Allow Direct Purchase Of Bitcoin

The payment company NCR teams up with digital assets management group NYDIG to bring bitcoin to 650 banks in America.

Now, bank account holders in those banks will be able to purchase BTC directly from their bank accounts.

NYDIG will hold custody of the bitcoin so that the banks don't have to go through the regulatory process of owning BTC.

This allows banks to keep money in their accounts and stop users from withdrawing to sites like Coinbase.

2. UK Bans Binance Market Place

The financial conducts authority in the UK has kicked out Binance in their attempts to regulate and limit the use of Cryptocurrencies.

It claims that Binance has not met the regulations needed to effectively operate in the country.

3. Twitter Releases NFTs

Twitter has released 140 Twitter-themed tokens to its users who can accept the bids on the NFT platform, Rarible.

In March 2021, Twitter CEO, Jack Dorsey sold his first tweet as an NFT for 2.9 million dollars.

4. BTC Mining Adjustment

After the ban of the mining of bitcoin in China, the hashrate of BTC has greatly reduced.

But just like a business with a proper plan, the BTC network has found a way to fix this.

Now the mining difficulties on the blockchain have also dropped to ensure faster and smoother transactions.

This is good news for the meantime while the Chinese miners move to other locations.

5. School In Nigeria Adopts Crypto

A Kano-based school in Nigeria, the New Oxford Science Academy, has begun accepting crypto as a means of payment of school fees.

6. Cardano's New Standard

Cardano worth over $30 billion is now being staked on the network which is about 75% of the circulating supply.

Cardano is now the #1 proof of stake network in the world.

One of the reasons for this is because Cardano will soon release its smart contract networks.

Grayscale has also added ADA to its holdings.

Conclusion

That's all for this week.

BTC sentiment remains Bullish still and this is only good news for altcoins.

HODL on to your Cardano in the meantime, and see you next week.