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There's a lot of crypto news going around despite the bear market.
Google Trends data shows that searches for 'Bitcoin dead' hit an all-time high this month of June in 2022. But that's not what cryptocurrency companies and other industry players are searching for.
Here's a roundup of crypto news on June 23 – covering Shopify's new NFT integrations, the launch of a new Tether GBP stablecoin, zero-fee Bitcoin trading on Binance, and the LunaSky NFT marketplace from EverGrow Coin.
Shopify announced on Wednesday that its users can create NFT-gated shop fronts for their websites.
It means the thousands of small businesses using Shopify's platform can create custom e-commerce experiences. For example, token holders can connect their crypto wallet to gain early access to product drops, limited collections, and other 'surprises'.
The gm shop (gated merch) feature is only available to those with existing NFT collections at present.
Shopify is also enabling brick-and-mortar shops to token-gate purchases on select merch at that physical location. The moves demonstrate how NFTs are being increasingly used as membership passes, tickets to events, and keys to unlock exclusive experiences.
The world's largest stablecoin issuer, Tether, will introduce a stablecoin pegged to the British pound sterling in July.
GBPT will join USDT, EURT, CHNT and MXNT as the fifth Tether stablecoin. GBTP will launch on the Ethereum blockchain.
Tether CTO Paolo Ardoino said: "We believe that the United Kingdom is the next frontier for blockchain innovation and the wider implementation of cryptocurrency for financial markets."
"Tether is ready and willing to work with UK regulators to make this goal a reality and looks forward to the continued adoption of Tether stablecoins."
Binance.US has removed trading fees for a series of BTC spot market trades — BTC/USD, BTC/USDT, BTC/USDC, and BTC/BUSD.
CEO of Binance.US, Brain Shroder, said the American arm of Binance will expand the list of tokens that offer zero-fee trading in the future. There are no trading volume requirements for the current zero-fee Bitcoin trading pairs.
"We see this as an opportunity to revolutionise the way fees are approached in our industry, increase accessibility to crypto, and better support our market and customers in a time of need," Shroder said.
Coinbase – currently the largest crypto exchange in the US – charges trading fees of between 0% and 0.50%, while Kraken charges fees between 0% to 0.26%, and FTX.US charges fees between 0% and 0.20%.
The leading reflection token, EverGrow Coin, is launching an NFT marketplace that will generate passive income for existing investors.
Rather than churning a yield from staked user deposits, EverGrow Coin seeks to reward its investors from the profits generated by applications in its ecosystem. The first of these, LunaSky, will use all profits from NFT sales to buyback EverGrow Coin from the market and burn it from the supply.
EverGrow Coin comes with 14% transaction tax with 8% distributed as BUSD to all investors. So investors will also be earning passive income from a portion of all profits from LunaSky.
EverGrow Coin has paid more than $37 million in BUSD reflections to investors since launching in September 2021.
LunaSky will be followed by Crator – a content subscription platform – and The Abstract – a cloud-streamed VR gaming metaverse. Each of these are designed to boost EverGrow Coin trading volume and pump profits back into burning tokens and rewarding investors.
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