Hey, Your Crypto Newsletter for July 07, 2021

[FeedBinary Newsletter]( You Might Like         [Learn more about RevenueStripe...](   [India’s cryptocurrency investors are playing with fire](   ndian investors are flocking to cryptocurrencies like never before and the trend could be a dangerous one. Indians had parked nearly $6.6 billion (Rs49,189 crore) in cryptocurrencies until May this year, as compared to around $923 million until April 2020. The country ranks 11 out of 154 nations (pdf) in terms of cryptocurrency adoption, as per blockchain data firm Chainalysis. Many believe that this growth is still just the tip of the iceberg and many more Indians will likely flock to digital coins in the near future. “India has a population of 1.39 billion that is predominantly young which is seen as tech-savvy and more adaptable to crypto saving,” Harish BV, co-founder of Unocoin, which has a userbase of 1.3 million in India, had told Quartz in May. While this growth has given Indian cryptocurrency exchanges a reason to celebrate—and attract funding from global investors—the boom is happening in the absence of any stringent guidelines from the central bank or the government. This is particularly problematic because of the Indian government’s past relationship with cryptocurrencies. [Read More](   [Biteeu set to become world’s first space-based digital currency exchange](   Biteeu has announced the successful launch of its digital security infrastructure into space onboard a SpaceX Falcon 9 rocket under the rideshare program. The space node created for Biteeu by space-as-a-service solution provider and partner SpaceChain is installed on a YAM-2 satellite carried by the rocket. The mission was made possible by satellite operator Loft Orbital. This marks Biteeu as the first cryptocurrency exchange in the world to leverage the high security of space-grade infrastructure for ultra-secure Bitcoin cryptocurrency transactions, and having its public satellite key backed up on a space node. Biteeu has obtained the ISO 27001 certification which validates the exchange meets global best practices for its information security management system. Today’s announcement further reinforces the exchange’s commitment to ensuring ultra-secure user privacy with cutting-edge technology. Once activated, the space node will be capable of processing mutlisignature Bitcoin transactions. Multisignature technology requires more than one private key in order to authorize a bitcoin transaction from a crypto-wallet address, rendering the transaction more secure than standard single-signature methods. [Read More](     [Fake versions of Tesla and Apple stocks have started trading on blockchains](   For years, the powers that be on Wall Street have toyed with questions about whether it would be feasible to move the stock market onto a blockchain, the underlying technology behind cryptocurrencies. The innovators in the fast-moving world of decentralized finance—or DeFi—aren’t waiting around to see how those discussions unfold. Instead, they’ve built synthetic versions of equities that track some of the world’s biggest companies. In essence, the anti-establishment ethos of the crypto world is being applied to a rough facsimile of the stock market. Fake versions of Tesla Inc., Apple Inc., Amazon.com Inc. and other big stocks, as well as a few popular exchange-traded funds, have been created by the projects Mirror Protocol and Synthetix over the past year. The tokens, and the programming that allows them to trade, are engineered to reflect the prices of the securities they track without any actual purchases or sales of the real stocks and ETFs involved. So far, volumes are just a tiny fraction of those on regulated exchanges. But for crypto enthusiasts, the potential upside is huge. The synthetic shares join a strange new world of assets such as digital artwork and highlights of NBA games now trading on blockchains. Yet, unlike the modern art and dunks of the non-fungible token universe, these instruments raise questions about how they fit into a global stock market and brokerage industry governed by thousands of pages of rules from dozens of countries. [Read More]( You Might Like         [Learn more about RevenueStripe...]( Connect with FeedBinary on social media You received this email because you operate or create content for a website/service and based on your website it seemed like this could be important information to you and your users. This newsletter is managed by [Postbox Consultancy Services Pvt. Ltd](.C-4/5, IBD Emporia, Kolar Road, Bhopal, Madhya Pradesh, INDIA, 462042 [Unsubscribe](