DAILY CRYPTO NEWS AND TOP CRYPTO EVENTS for 30th Jul 2021
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Top Crypto Events Planned for Tomorrow
1 - Formation FI (FORM): Early Adoption Program
Formation Fi: EARLY ADOPTION PROGRAM... The second and final snapshot will take place July 31st at 18:00 UTC — August 3rd at 18:00 UTC.
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2 - SafePal (SFP): Twitter Space AMA
Due to the abrupt crash of Twitter space last week, we will launch another Twitter space event... July 31st at 0:00 UTC 8PM EST.
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Some World Crypto News
#1 - PayPal president and CEO Dan Schulman has issued new details about the payment giant’s Bitcoin and cryptocurrency services expansion. Schulman hinted at the possibility of buy and sell functionality becoming available in the U.K. as soon as next month, a development that would find PayPal following through on promises issued as far back as February.
Although the call contained no mention of Bitcoin directly, Schulman said the company is adding functionality to its Venmo crypto services, which if launched in the U.K. could allow thousands to gain Bitcoin price exposure.
#2 - Maryland-based ProFunds is launching a publicly available mutual fund connected to the value of bitcoin (BTC).
The Bitcoin Strategy ProFund invests in bitcoin futures contracts, and seeks to track the digital currency’s price before fees. The total expense ratio of the ProFunds product is 1.15%, higher than the 1% exchange-traded funds (ETFs) usually charge.
The mutual fund is among the latest financial products offering exposure to the digital asset, without having to actually buy any directly. Everyday investors typically are much more familiar with mutual funds than the intricacies of the cryptocurrency market, ProFunds CEO Michael Sapir highlighted.
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