Binance Resumes UK Fiat Withdrawals Via Faster Payments – July 1

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $33,426

Bitcoin price has fallen back into the $33,000s overnight, as price retreats from its latest break-out attempt.

Top-20 altcoins appear to be losing strength too, with Ethereum falling 1%, XRP dropping 4% and Ethereum Classic sees a 10% tumble.

Top Stories for July 1, 2021 πŸ”₯

πŸ‘‰ Binance Resumes UK Fiat Withdrawals Via Faster Payments

Crypto exchange giant Binance has resumed withdrawals of the British pound (GBP) using Faster Payments, just a matter of days after suspending them.

Users feared that the UK payment method may have been shuttered permanently, following an Financial Conduct Authority (FCA) order that instructed Binance Markets Limited to cease activity in the country.

πŸ‘‰ BlockFi Cuts Crypto Interest Rates For Second Time In Months

Crypto financial services platform BlockFi has cut its interest rates on user deposits for the second time in a matter of months, due to “changing market dynamics”.

The previous rate cut was fairly recent, occurring in March of this year. Competitors have not followed the move, with some executives from those firms even reporting increased borrowing demand.

πŸ‘‰ Katy Perry Buys Stake In Theta Labs, Plans To Drop NFT Collection

Pop star Katy Perry has announced that she has purchased a minority stake in Theta Labs, and will be dropping her very own non-fungible token (NFT) collection on the platform.

The digital collectibles will be derived from her upcoming residency in Las Vegas, with sales likely to commence in the final quarter of 2021.