Daily Crypto News 22 July

Coindesk announced that China has opened a new national institute to study applications of cryptography to provide the digital yuan. The center will be located in Shandong City. It is projected that the digital currency will contribute to China's financial and national security.

A Bermuda trading company has received extensive regulatory approval, Cointelegraph reported. The 24 Exchange trading platform has acquired a “Class T” digital asset business license. With this license, the company plans to launch physical crypto trading, and in the longer term, 24 Exchange intends to expand the capabilities of its platform to include all possible assets.

 

The British crypto fund Nickel Digital Asset Management conducted a study to identify the biggest concerns of investors related to crypto, reported Cointelegraph. More than 50% of respondents said their concerns stemmed from the security of custody services. Other concerns include a lack of transparency and instability.

The non-fungible token platform (NFT), Autograph, has signed partnerships with Lionsgate and sports betting firm DraftKings, Coindesk reported.