24.06.[News of the day] • The US Department of Justice is recruiting a cryptocurrency lawyer • and other articles

Welcome to today’s overview of crypto news:

MARKETS

The last few days have reminded the community of the increased volatility of BTC. Within a few hours, the asset fell from a peak of $ 36,000 to $ 28,500, its lowest price in more than five months.

Still, that wasn’t all, as it recovered more than $ 5,000 in a matter of hours, as announced yesterday. The bulls continued to push him up and BTC pumped just under $ 35,000. But then the cryptocurrency reversed its trajectory. It has fallen by about $ 2,500, and although it has recovered by several hundred dollars since then, it is currently facing a price just under $ 33,000.

Most altos have mimicked BTC fluctuations in recent days and have stopped or withdrawn in the last 24 hours. ETH, which fell below $ 1,700 and then bounced back to more than $ 2,000, has fallen 4% since yesterday.

Cryptocurrencies

Survey: 32% of beginning traders first invested in cryptocurrencies in the past year

According to a survey published today by the Singapore crypto exchange Overbit, almost one in three budding traders said they had not invested in anything traditional other than cryptocurrencies in the past year.

The survey was conducted among 3,000 traders in 87 countries and showed that while most respondents consider crypt markets as riskier than the stock market, 82.2% also believe that they are significantly more profitable. The study also looked at the impact of Covid-19 on business behavior, with 55.7% of respondents saying that the pandemic increased their willingness to invest in risk.

Regarding the storage of cryptocurrencies, 65.3% of respondents stored their cryptocurrencies on the stock exchange, while professional traders preferred the use of cold wallets. Approximately 41% of users reported losing their crypto due to a personal mistake, 24% said they lost money due to one or more fraudsters, while 12.6% lost assets due to a hacker or other security breach.

BTC and ETH have been found to be the most popular cryptocurrencies. The survey was conducted through social networks as well as Overbit partners and traders.

ETH 2.0 continues to absorb the share of contracts in ETH

According to a published tweet, 179,480 of ETH 5,880,962 are already in the deposit of the new contract. That’s about $ 11.5 billion at $ 1,969, or 5.05% of ETH’s total offering. And this number is slowly but surely constantly increasing. At the same time, the number of active validators exceeded 170,000. The daily addition of new validators is approximately 847. The queue currently numbers 5,654 validators.

Currently, ETH 2.0 is in its first phase, called “Phase 0”. More than 16,000 validators and 500,000 ETHs were needed for the initial launch at the end of 2020. At first, community members seemed reluctant to lock their coins, but the minimum limit was exceeded just before the deadline. Since then, the inflow of ETH into the ETH 2.0 staking contract has increased significantly.

Banks, crypto exchanges, companies

The Chinese company Ant Group is launching a transmission network supporting blockchain

Ant Chain, the technology brand of the Ant Group, introduced a new blockchain communication technology at the first Ant Chain development conference in Hangzhou, China.

The new Blockchain Transmission Network is a high-speed, long-distance blockchain communication technology that promises to help improve data throughput and stability of blockchains. According to the statement, it can increase the throughput of the blockchain network by 186%, reduce its bandwidth costs by 80% and reduce transmission latency by 40%.

BTN’s infrastructure will support Ant Chain’s flagship product, Trusple, a blockchain platform for cross-border financial activities.

Huobi will burn more than 1% of its total HT supply in one month

The Huobi Exchange reached a huge milestone when it burned a significant number of its native HT tokens. In a recent press release, the platform announced that it had burned a total of 5.826 million tokens worth more than $ 138.5 million during May 2021 as part of its ongoing token burning program.

The HT token is an ERC20 standard token intended exclusively for use within the Huobi ecosystem. The platform performs regular token burning actions to reduce the total number of HT tokens in circulation, thereby supporting their increase over time.

CBDC, Regulation

The US Department of Justice is hiring a cryptocurrency lawyer

The U.S. Department of Justice (DOJ) is hiring a lawyer for cryptocurrency cases as part of its broader efforts to monitor the cryptocurrency market for crime.

The U.S. Department of Justice is looking for a lawyer specializing in cryptocurrencies for its criminal department, according to a June 23 announcement. Recruitment is part of his digital currency initiative, which as a whole is picking up a huge pace. The staff member will be based on a site on the outskirts of Washington DC and will work within the Digital Currency Initiative Forensic Department.

The position requires a lawyer with knowledge of cryptocurrencies and blockchain technology, as well as knowledge of law in the area of ​​money laundering and confiscation of property. The Authority will accept applications by 19 July 2021.

South Korea points to efforts to regulate the crypto

The chairman of the Financial Services Commission, Eun Sung-soo, addressed the National Policy Committee on April 22, saying that young Koreans were “going in the wrong direction” by investing in cryptocurrencies and needed advice. He also described the trade in cryptocurrencies as a highly speculative activity that involves no intrinsic value.

The next day, a member of the public filed a petition calling on the head of the FSC to resign, accusing him of unaware of the difficulties facing the younger generation, and reprimanding the government for being unprepared for blockchain and cryptocurrency innovations.

In its response yesterday, the President’s Office did not address the call for the resignation of the head of the FSC, but instead emphasized that the government is making efforts to regulate virtual assets and protect investors. Eun also answered questions about cryptocurrencies in the National Assembly yesterday. Asked about his April statements, he said he was trying to warn people of the September 24 deadline for crypto exchanges to meet standards.