Blockchain Companies Receive Over $30M in Bailout Loans – July 7

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$9,272

Bitcoin price continued its slow rise today, testing the high $9,300s for the first time in almost two weeks.

Top-20 altcoins have performed well again, as Chainlink gains 14%, and Bitcoin SV rises 12%. Top-5 coins are still moving slowly, with Ethereum gaining 1% and XRP gaining half a percent.

Top Stories for July 7, 2020 🔥

👉 Blockchain Companies Receive Over $30M in Bailout Loans

Blockchain organizations in the US have received more than $30M in bailout loans, according to figures published by the U.S. Small Business Administration.

Recipients include Ethereum’s ConsenSys, Tron’s Rainberry Inc, Bittrex, and Polychain Capital, in a total of more than 75 blockchain and cryptocurrency-based companies.

The loans are all part of the Paycheck Protection Program (PPP), which was designed to assist businesses in paying their employees during the economic crisis.

👉 Kraken-Owned Crypto Facilities Acquires UK License

UK-based cryptocurrency exchange Crypto Facilities – owned by Kraken – has acquired a Multilateral Trading Facility (MTF) license, allowing them to offer derivatives products to institutional investors.

The license, granted by the U.K. Financial Conduct Authority (FCA), will legally open the doors to several new groups of clients, who previously may have been restricted from accessing the Crypto Facilities’ services.

👉 Afghanistan Ministry of Health to Trial Medical Product Tracing on Fantom

Afghanistan’s Ministry of Health is looking to trial a “smart-medicine” pilot program, which will be based on the Fantom blockchain.

The effort aims to tackle the country’s issue of counterfeit medicines, and was originally intended to begin earlier this year.

The pilot program will run for 2-3 months, with participation from two medical companies – Royal Star Pharma and Nabros Pharma – and labeling company Bliss GVS.