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UBS Warns Of Regulation While Crypto Adoption Signs Keep Coming + More News
6.7.2021
Source: iStock/Rafael_Wiedenmeier
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Regulation news
Swiss banking giant UBS has warned its clients that regulatory crackdowns "could...
Turning bullish? Institutions are net buyers of crypto for the first time in 5 weeks
6.7.2021
CoinShares’ weekly report showed institutional managers are buying into crypto funds again after four weeks of profit taking
Musk Trolls Buffett With Fake Quote on Twitter, Then Deletes It
6.7.2021
Elon Musk went after Bitcoin hater Warren Buffett recently, sharing what looked like a bullish crypto quote attributed to the billionaire investor. The tech entrepreneur, whose comments on social media have been moving crypto markets this year, later removed the post with the obviously fake Buffett...
Breaking news: US financial regulator FinCEN hires its first-ever chief digital currency advisor
6.7.2021
The Financial Crimes Enforcement Network is looking to broaden its enforcement measures in the cryptocurrency sector with its latest hire
India’s Finance Minister Says Crypto Bill Ready for Cabinet
6.7.2021
India’s finance minister has provided a status update on the country’s cryptocurrency bill that the government has been working on. “We have done a lot of work on it. We have taken stakeholders’ inputs,” she was quoted as saying. Status of Indian Crypto Bill Indian...
Bitcoin volatility will always disappoint some investors: Michael Saylor
6.7.2021
Traders that get into Bitcoin for short-term gains stand to be disappointed by the volatility associated with Bitcoin, according to MicroStrategy's CEO
USD 55B Fund Marshall Wace Prepares To Enter Crypto Industry - Report
6.7.2021
London-based hedge fund Marshall Wace, which manages USD 55bn in assets, is planning to start investing in areas such as digital currencies, stablecoins, blockchain, and payments, while crypto trading might come next, the Financial Times reported, citing undisclosed people familiar with these...
Bitcoin and Ethereum Fail Near Breakout Zone, Altcoins Climb Higher
6.7.2021
Bitcoin price started a fresh increase above the USD 34,000 and USD 34,500 resistance levels. BTC even spiked above USD 35,000, but it failed to continue higher. It is currently (12:12 PM UTC) trading near USD 34,000, but it must settle above USD 35,000 for upside continuation.
Besides, most major...
Is the Bitcoin bull run only in the ‘disbelief’ market cycle phase?
6.7.2021
BTC price action would perform a one-off move if it were to top out at its recent $64,500, Alex Saunders believes
AAVE price hits 3-week high as ‘Aave Pro’ debuts for institutional lending
6.7.2021
Aave's gains also coincide with a sharp upside momentum across the cryptocurrency market
Barclays' Binance Customers Looking for Alternative Apps, Banks & Countries
6.7.2021
The crypto-supporting customers of London-headquartered multinational bank Barclays are "leaving" and searching for workarounds, after the bank - previously fined for being used for money laundering - stopped payments to major crypto exchange Binance to "protect" customers'...
Nigerian Twitter Suspension Has Unintended Effects on Country’s Crypto Community
6.7.2021
On the surface, it looks like Nigeria’s suspension of Twitter operations on June 4 may have been triggered by the microblogging company’s decision to take down a controversial tweet — from President Mohammed Buhari. However, as some observers have noted, the removal of the tweet...
What Does the Bitcoin Decreasing Hash Rate Indicate?
6.7.2021
Altcoins altered the market sentiment along with the rise of Ethereum as they surpassed Bitcoin for the first time in history. ETH surpassed BTC on the total number of active addresses for the first time. This surely is triumphant news for Ethereum supporters but what could it mean to the Bitcoin...
China proves Bitcoin is an unstoppable machine: Bitcoin Center founder
6.7.2021
Bitcoin price goes up once regulatory setbacks are digested by the crypto community, Zap Procotol co-founder Nick Spanos says
Beijing Sends Another Warning Over Crypto Trading
6.7.2021
A Beijing office of China’s central bank ordered Beijing Qudao Cultural Development Co Ltd, a Beijing-based software maker, to suspend operations, and its website had been deactivated over its suspected involvement in crypto trading, Reuters reported.
The department of the People’s Bank of China...
Bitcoin Miner Runs Into a PR Crisis As Local Residents Worry About a Lake
6.7.2021
A Bitcoin (BTC) mining operator in upstate New York is facing protests from residents who claim the firm is “ruining” an idyllic lake with its gas-powered mining activities.
Per NBC News, a resident claimed that “the lake is so warm you feel like you’re in a hot tub.” The body of water...
Crypto mining firm Argo Blockchain eyes secondary Nasdaq listing
6.7.2021
After becoming the first blockchain firm to list on the London Stock Exchange, Argo Blockchain is now looking at a potential secondary listing on the Nasdaq
Japanese Ruling Party Official Says Digital Yen Clarity Will Be Revealed in 2022
6.7.2021
While the U.S. ramps up discussions of a digital dollar and China’s central bank digital currency (CBDC) draws near, Japan’s CBDC, otherwise known as the digital yen, is getting closer to its realization as well. Japan’s ruling Liberal Democratic Party member, Hideki Murai...
Cryptonews.com Launches in Latin America
6.7.2021
Cryptonews.com has taken another global step, this time towards the Hispanic community - by launching its tenth franchise and bringing crypto news and insights to those already within the crypto universe, as well as reaching out to those outside of it. As the Spanish version went live,...
Hope in S Korea as Ruling Party Says ‘Let’s Institutionalize Crypto’
6.7.2021
Korean lion dog statue and the National Assembly building, Seoul. There may be fresh hope for the South Korean crypto sector as the ruling Democratic Party launched a crypto task force – with the new body talking in relatively upbeat terms about the industry and the need to “institutionalize”...