The Crypto Round-Up: June 30th, 2021

Iran Issues Crypto Mining Licenses Despite The Ban on Crypto Mining

Due to the recent power shortages in Iran, it has been announced that there would be a blanket ban on mining operations. The ban will be up until September after the series of blackouts related to the energy-intensive process. However, this did not prevent Iran from issuing crypto mining licenses to 30 crypto mining operators. Read more

El Salvador’s Adult Residents To Receive $30 Bitcoin

President Nayib Bukele announced that every adult in El Salvador would receive $30 worth of Bitcoin (BTC). The Bitcoiners welcomed this announcement and the influencers speculating that the country might need to buy the required BTC it intends to distribute, which will add more than $100 million in purchasing pressure on markets. The President also mentioned that the “bitcoin law,” which recognizes Bitcoin as a legal tender, will be on September 7th. Read more

Morgan Stanley Co-Leads Fundraising Round Bringing $48 million in the Crypto Space

Securitize, a digital asset securities firm has excellent plans for the adoption of tokenized securities. It has raised $48 million in a Series B fundraising co-led by Morgan Stanley and Blockchain Capital. This would be Morgan Stanley’s first investment in the crypto space. Read more

Andreessen Horowitz Unveils $2.2 Billion Crypto Fund

In a blog post, the prominent venture capital fund Andreessen Horowitz announced its third crypto venture fund, which is a $2.2 billion fund. This is the largest crypto of its kind as they believe that the next wave of computing innovation will be driven by crypto. Read more