CryptoAddicted

🔥 Leading New York Mayoral Candidate Eric Adams Says New York Will Become "Bitcoin Hub" On the eve of the race for the mayor of New York on Tuesday, Democratic leader Eric Adams briefly endorsed the world's largest cryptocurrency. “I'm going to promise you that in a year you will see another city,” Adams said. "We will become a center for life sciences, a center for cyber security, a center for unmanned vehicles, unmanned aerial vehicles, a center for bitcoins." Adams is currently ahead of his closest rival Maya Wiley, according to a New York Times report on Wednesday, Adams is ahead of 75,000 votes. Former Democratic presidential candidate Andrew Young, a longtime Bitcoin supporter and cryptocurrency advocate, dropped out of the race early on with just 11.7% of the vote.

Paper hands be like: 🤡

Don’t forget about this 😅

Bitcoin is back to $34,000. Bitcoin has bounced back to $34,000 after yesterday's pullback below $28,000 and is trading 10% above year-to-date levels. However, the current quarter promises to be its worst since the start of the bear market in 2018, according to the Skew analytics platform. Slowly getting rid of paper hands 🙌

🤯 Opposition in El Salvador has opposed the bitcoin law, calling it unconstitutional A group of El Salvadorians have filed a lawsuit against the authorities over the law recognizing bitcoin as an official means of payment, calling it unconstitutional, according to the newspaper El Mundo. On June 8, El Salvador's parliament passed the new law by a majority vote, making El Salvador the first country to secure Bitcoin's status. The initiative was organized by Jamie Guevara of the opposition Farabundo Martí National Liberation Front (FMLN), one of the two largest parties in El Salvador. Civil plaintiff Oscar Artero said that the lawsuit against President Nayyib Bukele was filed for the reason that the authorities did not prepare sufficient legal basis for recognizing bitcoin as a means of payment and did not take into account the possible harmful consequences of this decision for the country's economy. “The law on bitcoin is needed to rob people's pockets. It is tax exempt. They want to force us to trade, ”Artero said at a press conference, while expressing hope that the Constitutional Chamber of the Supreme Court would support his point of view. According to a survey conducted by the Chamber of Commerce and Industry of El Salvador from June 11-15 among 1,600 residents of the country, one in eight objects to receiving payment in bitcoin.

Three tons (6614 pounds) of bitcoin miners will move from China to the USA A Chinese logistics company airlifts three tons of bitcoin miners to Maryland, America. Commenting on Yoon's statement, Thomas Heller, head of business development at Compass Mining, noted that in fact, we are talking about a very small batch of miners. “3,000 kg (6614 pounds) seems like a huge value, but compared to the volume of miners who move on a regular basis, this is nothing at all,” he said. Heller estimates the total weight of the disconnected equipment can be about 80,000 tons (1574730 hundredweight)

🔥 Visa is working on "safe use" of stablecoins A transnational payment system is studying the safe use of digital currencies related to the stablecoin type. Visa is developing ways to “safely” use stablecoins. Mikhail Berner, the head of Visa in Russia, said this in an interview with the Prime agency. According to him, today more and more central banks are interested in the possibility of issuing central banks' digital currency (CBDC). At the same time, Berner noted that the payment system is already working on the issue of integrating stablecoins into the global economy.

❗️Bitcoin rate for the first time since January fell below $30,000. Bitcoin price dropped below $30,000 during today's trading session. The first cryptocurrency has not reached these levels since January of this year, including during the collapse on May 19. The decline relative to the all-time highs, recorded on April 14, around $65,000, is 53%. In addition, as a result of the latest movement, Bitcoin was 3% below the opening price of 2021. The cryptocurrency made an attempt to return to values ​​above the key level, but then continued to fall and at the time of writing is approaching $29,000.

Charles Hoskinson: Bitcoin will lose to Ethereum in the competition Bitcoin is too slow compared to Ethereum and other networks based on the Proof-of-Stake consensus algorithm, so it will lose the competition. Charles Hoskinson, the head of the IOHK company behind Cardano “The problem with Bitcoin is that it's too slow. The only reason it still exists is because a lot of money has been invested in its support” said Hoskinson. Talking about the underlying Proof-of-Work algorithm for digital gold, the creator of Cardano stressed that the developers behind Bitcoin "have to update this damn thing." He explained that the software capabilities of the first cryptocurrency lag behind its competitors, including in terms of functionality. The specialist opposed Ethereum to digital gold. In his opinion, the network of the second largest cryptocurrency in terms of capitalization has grown to a level sufficient to compete with Bitcoin. It also has a "more flexible development culture."

Head of Facebook Payments David Marcus: China's mining ban is a great opportunity for bitcoin development Commenting on the recent decision by IMO China to block mining in the country, David Marcus said that this would create a very favorable opportunity for Bitcoin's development. He expressed his admiration for the transfer of mining facilities to the West. Also, the head of the Facebook payment system expressed bewilderment at the pessimism of the crypto community.

MicroStrategy bought an additional 13,005 BTC Analytical software provider MicroStrategy has purchased 13,005 BTC worth approximately $489 million, said the head of the company, Michael Sailor. In total, MicroStrategy owns 105,085 BTC worth $2.74 billion. Their average purchase price is $26,080.

🤯 On June 21, Chinese banks issued memorandums to customers stating that any operations with cryptocurrency are prohibited Banks' announcements came out at the same time. The People's Central Bank of China (PBoC) issued a statement announcing that it has reached an agreement with all of the country's largest commercial banks and one of the largest electronic payment providers to help it implement new measures to suppress the crypto industry and its users. - China Postal Savings Bank: No organizations or individuals are allowed to use our bank to fund token issuance and 'virtual currency' transactions - Industrial and Commercial Bank of China: No institution or individual can use our bank to conduct transactions such as "virtual currency". Alipay will track and investigate transactions related to virtual currencies and immediately block them when detected. The Central People's Bank of China has ordered banks to spend more on "technology investments" to "improve monitoring and identification capabilities," which helped them identify cryptocurrency-related transactions.

I don’t think it will be good for Safemoon... but at least we will get some reflections if we can’t avoid this from happening What’s your thoughts?

🔥 Bank of France announced the successful testing of the digital euro The digital euro was successfully paid for the delivery of securities. Banque de France announced the successful completion of the digital euro test, which was carried out in conjunction with the Swiss organization SEBA. In an experiment that also covered Luxembourg, Europe's digital currency was used to model the settlement and delivery of securities based on the TARGET2-Securities (T25) system. SEBA has acquired securities from Banque Internationale à Luxembourg with post-trade settlement controlled by the central securities depository LuxCSD. The Bank of France notes: the event demonstrates the possibilities of interaction between classical and decentralized financial systems, and also paves the way for providing more opportunities for those who use blockchain technologies. The tests do not stop there - in France they intend to study the possibilities of the digital euro in greater depth.

📌Colorado is exploring blockchain for water management. The Legislature of the US state of Colorado approved a proposal to study new technologies, including blockchain, for use in the state's water resources management. The document proposes the use of unmanned drones and wireless sensors to monitor water levels in reservoirs. The blockchain is planned to be used for storing documentation.