This week, Google has lifted its ban on Bitcoin and all other crypto advertisements. The ban was introduced 3 years ago back in March 2018. Their requirements for advertisement are being registered at FinCen or being a bank that complies with relevant legal requirements, including local legal requirements, at a state or on a federal level, and this is bound to drive more and more mainstream adoption for crypto. Also, Ethereum has now changed its supply dynamics with EIP-1559 being released and it’s now burning ETH at a pace of $10k per minute. Although it is not deflationary yet, Ethereum will see a substantial decrease of its supply. As for Bitcoin, it started this week being worth roughly $40k, reaching its low on Wednesday at around $38k. After that it smashed through some resistance levels, and it looks poised to close the week at $45k.
As for the team here at NewsCrypto, this week we announced that we’re developing a novel cross-chain liquidity solution for Polygon, the biggest and fastest growing scaling solution there is. With their help we will achieve further recognition and bring new opportunities for DeFi users. To celebrate recent events and improvements here at NewsCrypto, we burned another million NWC tokens! And as a token of gratitude, we are also giving away 200,000 NWC to all of our users that hold their tokens on eligible wallets at the end of August!
Pretty exciting week and with seven more burn events, release of the 3.0 and the copy trading platform, all scheduled to take place by the end of 2021, there will be no shortage of developments to celebrate!