Chainlink Flips Bitcoin Cash; Nigeria Leads in Crypto Usage + More News
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
- After rallying more than 20% today and pushing its market capitalization above USD 5.7bn, chainlink (LINK) became the 5th largest cryptoasset by market capitalization, leaving bitcoin cash (BCH) and bitcoin SV (BSV) behind. At the time of writing (14:40 UTC), LINK trades at USD 15 and is also up by 63% in a week and 83% in a month. The price rallied by 520% in a year.
Crypto adoption news
Nigerians, Vietnamese, and South Africans are the most active crypto users/owners, according to the latest Statista Global Consumer Survey. 32% of the respondents in Nigeria said they used or owned cryptocurrency, while in Vietnam and South Africa these numbers were 21% and 17% respectively.
- Major crypto market data provider CoinMarketCap said it launched CoinMarketCap Earn - a platform where users can learn more about a cryptoasset while earning crypto rewards for doing so.
- The Heilongjiang Province-based branch of the state-owned China Construction Bank is set to launch a cross-border financial blockchain service platform, per East Money. China Construction Bank is currently taking part in the central bank’s ongoing digital yuan pilots, but appears to have other blockchain-related plans, too. The new platform, said the bank, could help companies and banks in the province to finance export deals for Heilongjiang-based manufacturers.
- Domestic market-leading South Korean crypto exchange Upbit has won regulatory permission to open a Thailand-based branch, per a press release shared with Cryptonews.com. Upbit operator Dunamu stated that a new joint venture project named Upbit Thailand has been “approved for four provisional licenses to operate digital asset-related businesses” by Thailand's regulatory Securities and Exchanges Commission. The firm stated that its Upbit APAC subsidiary will co-run the business along with Thai partners including Chatchaval Jiaravanon, the head of the Thai publishing giant Meredith Corp.
- Coinbase said that it is leaving Blockchain Association, an industry group it helped found, citing "recent decisions" the major exchange believes could "irreparably impair the credibility of the association," Law360 reported.
- South Korean firms are struggling to find enough talent to fill blockchain roles, per the Japanese-language edition of Chosun. The media outlet reported that even though the job market is not looking promising for many young South Koreans, there is still a shortfall of almost 30% in blockchain-related jobs, with demand outstripping supply in the fast-growing sector.
- Elliptic, a provider of cryptoasset risk management solutions, appointed David MacLean as Chief Financial Officer (CFO). He will lead Elliptic’s financial and people strategy as the business expands globally. MacLean previously served at Barclays, Metro Bank, and Revolut in finance and leadership roles.