Today, CoinMarketCap looks at the demand for Bitcoin and what's going on with Coinbase listings.
Today’s Top Crypto News Stories
But first — subscribe to our newsletter here.
Demand for Bitcoin Is 'Slow' 💔
Institutional demand for Bitcoin “remains slow” — and the market is continuing to fight for support, according to a new report. Glassnode says the world’s biggest cryptocurrency isn’t out of the woods yet after “realizing the largest absolute losses in history.” The markets could also face a renewed bout of selling pressure in the middle of July. Here's why.
Coinbase to List Coins Faster 🚀
Coinbase “needs to move faster” on adding new cryptocurrencies to its exchange, its CEO has admitted. Brian Armstrong says projects will now only need to answer 12 questions in order to be considered — a sharp reduction from the current 70. The company is also planning to launch a special app store that's focused on crypto-related software. Learn more.
Would You Scan Your Eye for Crypto? 👀
A startup is planning to distribute crypto to every single person on Earth by scanning their eyeballs, according to Bloomberg. Worldcoin has reportedly invented an orb-shaped device that can scan a person’s iris, which will serve as a unique personal identifier. It's hoped this will promote financial inclusion in places where few adults have bank accounts. Read more.
Crypto.com Seals $100M Deal with F1 🏎
Formula 1 has announced that Crypto.com is going to serve as a global partner for its Sprint series in 2021. The platform's branding will have a trackside presence at every race, starting with the British Grand Prix on July 17. As you might expect, the two companies are also developing a range of "exclusive NFTs" to celebrate. Find out more.