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Cryptoaddicted - Daily Crypto News that you will regret missing! 💸 Disclaimer: This Channel is not a Financial Advisor and does not encourage you to invest in any Cryptocurrency. The content posted here is for entertainment purposes only!DYOR!!!
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Do you speak Spanish? If you do, then where do you live? And also, how do you rate your English language 1 out of 10? (Planning to make Spanish version of my YouTube channel)
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Bitcoin has pulled back to $33,500 with no buying interest in the middle of the range.
Bitcoin today again turned out to be about $33,500, having dropped by more than 6% per day to the lowest values since June 9. Over the past week and a half, the first cryptocurrency made an attempt to break through the $40,000 resistance and gain a foothold above it, but it was again unsuccessful.
The fall in the rate occurs at low volumes, indicating that market participants have no interest in protecting bitcoin from reaching the next psychologically significant level.
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😢 Bitcoin hashrate collapsed amid decisions by the Chinese authorities
The network hash rate of the first cryptocurrency fell below 110 EH / s after the decision of the authorities of the Chinese province of Sichuan to stop the work of key miners.
On the night of June 20, the interval between the mined blocks was almost two hours instead of about 10 minutes set by the algorithm, reporter Colin Wu noted.
He posted a video of the equipment outage on his twitter. The video, he said, went viral among Chinese miners.
Below is this video:
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😱 Robert Kiyosaki: the biggest crash in history is approaching, wait for Bitcoin at $24,000
“The biggest bubble in world history is getting bigger. The biggest crash in world history is approaching. Buy more gold and silver. Expect Bitcoin to drop to $24,000, ”Kiyosaki wrote on his twitter.
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Paraguay can recognize Bitcoin as legal tender.
After bitcoin became legal tender in El Salvador, several countries, including Paraguay, began to consider the possibility of a similar move.
As the national deputy of Paraguay Carlitos Reiala said, next month the deputies will discuss the possibility of full legalization of bitcoin in the country.
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Simon Yu: "The adoption of cryptocurrencies has increased significantly in the current bull cycle."
StormX CEO Simon Yu believes that the current bullish cycle is different from Bitcoin's growth in 2017 - cryptocurrencies have become much more popular among all categories of users.
“The popularity of cryptocurrencies has grown steadily, but after 2017, many have had a bitter aftertaste after the market fell rapidly. In 2021, it became clear that things are different now. The integration of cryptocurrencies into various aspects of daily life provides an opportunity for the entire industry to grow. Digital assets are no longer just investment assets, they are becoming a serious alternative to fiat currencies and people are beginning to understand this."
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💰Spanish bank BBVA will launch storage and trading services for bitcoin in Switzerland.
The Swiss branch of the Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA) will start providing Bitcoin storage and trading services to its private clients on June 21.
Initially, the offer will only apply to Bitcoin, but other cryptocurrencies are planned to be added in the future.
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🤯China began mass installation of digital RMB ATMs
Industrial and Commercial Bank of China (ICBC), the largest commercial bank in China, has installed over 3,000 ATMs in Beijing that can be used to cash out digital yuan. Information about this appeared in the local media.
ICBC became the first Chinese bank to develop an ATM network for digital yuan transactions.
Other financial institutions, including The Agricultural Bank of China, are also showing interest in expanding ATM functionality to adapt devices to work with a virtual version of the PRC's national currency.
In parallel, Chinese financial institutions are activating digital yuan wallets. The Chinese authorities, in turn, are promoting the new instrument in anticipation of its launch.
We will remind, earlier the Chinese regulators spoke about the intention to launch the digital yuan in 2022.
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😂 Mark Cuban called for DeFi regulation following the TITAN token collapse.
Billionaire Mark Cuban announced the need to regulate DeFi projects and stablecoins after the collapse of the TITAN token of the Iron Finance project, in which he lost 100% of his invested money.
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Gabriel Silva: Panama Will Submit Cryptocurrency Bill In July
Panamanian Congressman Gabriel Silva plans to introduce legislation next month that could potentially promote the adoption of cryptocurrencies as legal tender and create tax incentives for cryptocurrency-related businesses.
Silva did not disclose more detailed information about the specifics of the bill, but said that he will determine its content after negotiations with interested parties.
According to Silva, Panama's current constitution prohibits the government from listing only certain currencies as legal tender, which could facilitate the inclusion of bitcoins as a currency.
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❗️Scammers send modified wallets to Ledger users to replace old ones.
Fraudsters are sending modified Ledger crypto hardware wallets to replace existing devices to the company's customers, whose data was leaked last year.
One of the users on Reddit reported receiving such a device in the mail. The package comes with a manufacturer's print on the package and is accompanied by a letter stating that the wallet was sent to replace the old one, since the client's data was made public on a hacker forum.
❗️Share this with your friends to prevent them from getting scammed!!!
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🔥 One of the islands of the Persian Gulf will become a cryptocurrency exchange center
Iran's Minister of Information Technology has put forward the idea of transforming the island of Kish in the Persian Gulf into an international cryptocurrency exchange center
Iranian authorities are planning to create a financial free zone on a 91 square kilometer (35 square miles) island located off the coast of the Persian Gulf in southern Iran, one of the country's free trade zones is already located, which has already attracted cryptocurrency miners.
Iran's ICT minister said that the island of Kish in the Persian Gulf has everything it needs to become a cryptocurrency exchange hub.
“Kish has the infrastructure to become the hub of international crypto exchanges in the region. The authorities need to start negotiations with neighboring countries, ”the minister said.
The Tehran government is also planning to create a financial free zone there.
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The token of the Iron Titanium DeFi project that interested Mark Cuban fell to zero.
Iron Titanium (TITAN) token lost its value completely during trading on Thursday. At the time of publication, CoinGecko is displaying the TITAN price at $0.000000052038, up from nearly $65 yesterday.
