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Cryptocurrencies are our life! Get an Overview of Market News

18.06. [News of the day] • The mayor of Miami attracts Chinese miners for cheap nuclear energy • and other articles

4 min read
Miami
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Welcome to today’s overview of crypto messages:

MARKETS

Until a few days ago, the situation on the market with primary cryptocurrency looked much more promising. For the first time in almost a month, the asset was well above $ 40,000 and even climbed above $ 41,000.

However, he failed to maintain such a high price limit and began to lose traction somewhat quickly. It initially fell below $ 40,000, but the bears continued to press, resulting in another drop to about $ 38,000. Although the cryptocurrency first bounced back and regained $ 39,000, this time the slump was even worse, just above $ 37,000.

Altcoins have recently mimicked the relatively unfavorable movement of their leader. ETH rose above $ 2,600 on Tuesday, but has since lost about $ 300. As a result, ETH is well below $ 2,400.

Technical analysis: Altcoin Index

Market Overview: A bloody slump at the weekend ?!

Cryptocurrencies

The mayor of Miami is luring Chinese miners to cheap nuclear energy

BTC miners who have been expelled from China could find a new location in Miami, Florida. Mayor Francis Suarez said he was working to reduce electricity costs to attract more miners to the region.

In a recent interview with CNBC, Francis Suarez spoke about the adoption of BTC in the city, but this time focused specifically on mining. He also touched on the topic of using clean energy. The mayor of Miami wants to use cheap nuclear energy in the region.

Suarez admitted that current prices were still higher than in China, but promised to work to reduce costs.

Landcar Cassill, Nascar driver, will receive a salary in Litecoin (LTC)

Landcar Cassill, a Nascar driver, will start receiving his salary exclusively at Litecoin (LTC). According to ESPN, Cassill will be the first rider to receive a salary exclusively in the cryptocurrency after concluding a sponsorship agreement for 19 races with Voyager, which begins this weekend on the Nashville Superspeedway.

Voyager is a cryptocurrency broker and partner of the Litecoin project.

Landon Cassill is himself a crypto enthusiast and CEO of Voyager. He met Steve Ehrlich at a cryptoconference two years ago. Landon Cassill was a member of the panel at the event and has been working on the idea of ​​sponsorship ever since.

Banks, crypto exchanges, companies

Kraken could go public in 2022, according to the CEO, preparatory work is underway

Kraken CEO Jesse Powell told Bloomberg that the crypto exchange is set to go public in the next 12 to 18 months. Kraken would thus become the second US stock exchange to go public, after Coinbas’s direct entry into the stock market so much discussed earlier this year.

Kraken is one of the largest crypto exchanges in the world, with a user base of more than six million users and monthly trading volumes of more than $ 1 billion since the beginning of the year. The stock exchange has so far raised $ 118.5 million, all through private equity.

Denmark’s largest bank is cautious about cryptocurrencies, but does not want to interfere

Danske Bank, the largest bank in Denmark, expressed its official position on cryptocurrencies on June 17, when it published a four-point announcement outlining the reasons to be careful when trading digital assets.

The bank urged users to be careful, but stopped to take any practical stance against cryptocurrencies. The bank stated that it would not offer its clients any services in the area of ​​cryptocurrencies, but would also not interfere in transactions originating from cryptoplatforms.

The bank also said it saw no problem with its credit cards being used in connection with cryptocurrency trading platforms, provided that the usual anti-money laundering laws were met.

CBDC, Regulation

Chinese banks are introducing 3,000 ATMs that can convert digital yuan into cash

More than 3,000 ATMs in Beijing are now equipped with a feature that can convert Chinese digital yuan, also known as e-CNY, into cash and vice versa.

According to a report by Friday’s Xinhua news agency, the Beijing branch of the Industrial and Commercial Bank of China (ICBC) has activated this function in its 3,000 ATMs in the Chinese capital. This is another sign that China is expanding the ongoing e-CNY tests towards their full implementation.

The Agricultural Bank of China (ABC), which, along with ICBC, is also one of four major state-owned commercial banks, has activated 10 ATMs with the same function in Wangfujing, Beijing’s main business and shopping district.

Paraguay will introduce legislation on BTC next month

Paraguay is set to introduce a cryptocurrency law based on BTC’s success in El Salvador, a government official said this week.

The South American country is reeling from the decline of the economy and the unfortunate consequences of the printing of dollars in the USA. However, officials are turning to BTC to compensate for some of these side effects, becoming one of the first nations to legalize more than a decade-old cryptocurrency.

Carlitos Antonio Rejala Helman, a member of the National Assembly and a member of the Congress of Paraguay, wrote on Twitter last night: “This is Paraguay. We are issuing laws in July! #BTC. ”

The comment came in response to a tweet from Paraguay Entertainment Group, the country’s largest entertainment company, which said it would accept BTC, ETH, Shiba Inu and Chiliz from next month.

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.
BlackRock (IBIT), the Grayscale Bitcoin Trust (GBTC), Fidelity (FBTC), Ark Invest/21Shares (ARKB), Bitwise (BITB), Franklin (EZBC), Invesco/Galaxy (BTCO), VanEck (HODL), Valkyrie (BRRR), WisdomTree (BTCW), Hashdex (DEFI)

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