Crypto Weekly Update
CRYPTO WEEKLY MARKET UPDATE
California named ‘most crypto ready’ US state
California has emerged as the most crypto-ready jurisdiction in the United States thanks to the proliferation of cryptocurrency ATMs and growing interest in digital assets among the state’s population, according to new industry research from review site Crypto Head.
With a score of 5.72 out of 10, California edged out New Jersey (5.44), Texas (5.28), Florida (5.03) and New York (4.29) in the crypto-ready index. The state’s point total was also 2.54 points higher than the national average.
Bybit crypto exchange suspends services in South Korea
Bybit, one of the world’s top cryptocurrency derivatives exchanges, will halt some of its services to South Korean users ahead of a licensing deadline.
The exchange officially announced on Friday that it will discontinue Korean language support from its platforms as well as its official South Korean community on social media. The suspensions will take effect starting on Monday.
PayPal completes crypto trading rollout for UK customers
PayPal (NASDAQ:PYPL) officially announced on Friday that all eligible customers in the United Kingdom can now buy, hold and sell cryptocurrencies using their PayPal accounts.
Customers can trade four major cryptocurrencies: Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). As announced previously, crypto trading will only be available to PayPal customers with verified identities.
Coinbase Strikes Another Million Dollar Deal With the U.S. Government
Coinbase (NASDAQ:COIN) closed a $1.36 million deal with the US Homeland Security.
The US Government will use Coinbase Analytics software for classified purposes.
A Coinbase representative confirms that the analytics tool handles customer data differently.
El Salvador ranks third in global Bitcoin ATM installations, data finds
El Salvador now hosts the third-largest network of crypto ATMs after the United States and Canada, amounting to 70% of all crypto ATMs in South America.
According to data from Coin ATM Radar, El Salvador has exceeded United Kingdom’s crypto ATM count after deploying 205 crypto ATMs to date to facilitate local Bitcoin transactions and BTC to U.S. dollar conversions.