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Mexican senator proposes bill to make Bitcoin legal tender Senator to the federal congress of Mexico, Indira Kempis has proposed a bill that, if passed, would make Bitcoin legal tender in the country and be framed in the monetary law of Mexico. 🇲🇽It is reformed by addition to article 2 of the Monetary Law of the United Mexican States to read as follows: Article 2 Bitcoin (BTC) will be considered as a legal tender in the Mexican Republic,” says the document introduced to parliament June 28. Source : FinBold

The Best Cryptos To Invest in During the Bear Market 🧮With the current crypto bear market, savvy investors have an opportunity to purchase high-valued crypto assets at a discount. With that being said, here are some of the best cryptos to stock up on during this phase of the market. 🔵Cardano (ADA) is the next coin on the list that investors should look into buying. The team behind the coin has been rapidly developing their blockchain during this bear market with its most anticipated upgrade ever still on the way; the Vasil Hard Fork. ADA is arguably one of the most undervalued coins in the crypto market at the moment. 🟡Meanwhile, Solana (SOL), similar to ADA, is an Ethereum competitor. Although ADA leads the way in terms of community and market cap, SOL is still a good option to invest in. One problem reported with SOL is the number of recent network outages that its blockchain has experienced. However, this is mainly due to SOL pushing the limitations of blockchain technology. Source : Deep-Resonanse

What Traders Are Saying About Bitcoin's Biggest Monthly Loss in 11 Years 💸Bitcoin slid almost 38% in June to record its second-biggest monthly loss since its debut in 2009. It traded over $31,000 on June 1 and dropped to as low as $17,700 mid-month, before recovering and ending the month at $19,209, according to CoinGecko data ❗️❗️“The losses were caused by many factors," said Ali Kassab, chairman of crypto investment firm Centurion & Co. “These included monetary policies bordering on central banks' response to rising inflation fueled by COVID-19 and the ongoing Russo-Ukrainian war. 📉“Everybody kind of feels that bitcoin needs to wash out and take out all the short positions and reset, which would be probably the full 80% retracement, which is typical in the markets, which would be down in the $12,000 to $13,000 range,” Terry added. Source : CoinDesk

More Crypto Meltdowns, Filling Bitcoin Coffers, Strict Regulation and 20 Crypto Jokes ❗️This week in crypto: as bitcoin was playing around USD 20K and analysts warned of further downside, bitcoin funds saw the largest outflows on record ‘by a wide margin’ last week, and while the worst may be behind us, more crypto meltdowns could be seen soon. 🏢A court ordered the liquidation of Three Arrows Capital, Harmony offered the Horizon Bridge hacker USD 1m in bounty for the return of USD 100m in stolen funds, and CoinFLEX aimed to turn the debt of a "high integrity" individual into the rvUSD token in order to fund other customers' withdrawals, but then they said this person is Roger Ver and that he owes them USDC 47m, which Ver denied. Source : CryptoNews

Crypto market regains 11% capitalization in a week ❗️On the week of June 13, the crypto market took a major hit after Bitcoin’s price fell. The market cap started the week at $867 billion and ended at $955 billion. This happened at a time when investors started pulling their Bitcoins from exchanges, and analysts argue that Bitcoin will continue its fall. “We’re in a bear market. And I think that’s good. It’s good, because it’s going to clear the people who were there for the bad reasons,” Source : Deep-Resonanse

Mastercard survey says 51% of Latin American consumers have crypto experience Mastercard survey shows. 💶💳Additionally, more than a third said they’ve made a purchase with stablecoin, according to Mastercard’s New Payments Index 2022, a survey conducted between March and April among more than 35,000 people around the world and released on Wednesday 🤔In Latin America, 54% percent of consumers surveyed are optimistic about the performance of digital assets as an investment, and two-thirds want greater flexibility to use crypto and traditional payment methods interchangeably. Source : Deep-Resonance

As Bitcoin Scales With Lightning Network, What Role Does Litecoin Have to Play? ✅The market has seen a wave of capitulation among many of the coins that were put forward as faster, lower cost, or higher throughput alternatives to Bitcoin. ✅”Bitcoin still has market share, but Litecoin is the second most transacted digital currency for payments." ✅Litecoin still operates as a kind of useful testnet for Bitcoin. 👀At the time of writing, Litecoin (LTC) is the 20th biggest cryptoasset by market capitalization. Back in 2013, it used to be the second-biggest, but the following nine years have seen thousands of new altcoins appear on the scene, with many of these making its modest update on Bitcoin (BTC) seem less-than interesting by comparison. Source : CryptoNews

France’s central bank says users have more trust in banks than cryptocurrencies – WEF22 🇫🇷France central bank governor François Villeroy de Galhau has suggested that the recent happenings in the cryptocurrency market characterised by massive sell-offs have pushed people to trust more in banks than digital currencies. ❓❗️According to the governor, cryptocurrencies are unreliable because they lack an entity that is responsible for their value. In this line, Villeroy noted that the trust issues would likely accelerate the development of CBDCs. Source : FinBold

Ethereum Mainnet to Undergo ‘Gray Glacier’ Upgrade Next Wednesday ✅Next Wednesday, June 29, the Ethereum network will undergo a scheduled upgrade called “Gray Glacier” at block 15,050,000. The Gray Glacier upgrade will prolong the Difficulty Bomb by 700,000 blocks, equivalent to 100 days, starting Wednesday. ❗️Tim Beiko, a core developer at Ethereum, said this would be the last prolongment to the Difficulty Bomb, implying Ethereum 2.0 is a few months away from launch. He added that the Bomb would keep scammers off the network because it would require decent technical knowledge. Source : Deep-Resonance