28.06.[News of the day] • 30 miners have obtained a BTC mining license in Iran • and other articles

Welcome to today’s overview of crypto news of the day on 28.06.

MARKETS

At the beginning of the weekend, the market was completely under the control of the bears, which pushed BTC hard. Within hours, BTC lost about $ 3,000 in value and fell just above $ 30,000. However, after approaching less than $ 100 twice in less than a week since breaking this round, the situation changed quickly. The bulls took action and BTC began to grow gradually.

Further positive price movements came at the beginning of today, when BTC climbed from USD 32,400 to an intraday high of USD 35,350. Currently, the price is around 35,000 USD.

In recent days, the Altcoins have imitated the performance of their leader. ETH dropped to just over $ 1,700 on Saturday, but has been responding well ever since. ETH jumped above $ 1,800 yesterday and continued to rise to over $ 2,000.

Technical analysis: BTC / USD – the fifth support test, what will follow?

Market Overview: Fall to $ 1,000 in the Summer? Why is it threatening?

Cryptocurrencies

30 miners have obtained a BTC mining license in Iran

Thirty BTC mining farms in Iran obtained an operating license last week as the government eased its stance on the crypt market, the local Financial Tribune reported.

Six farms in Semnan Province received the license (this region received the highest number of licenses), four farms in Alborz Province and several licenses were also obtained by miners in the provinces of Mazandaran, East Azerbaijan and Zanjan. In the meantime, only one mining entity from the province of Tehran obtained a license. Iran additionally issued 2,579 permits to settle, of which 305 only for the province of Zanjan, 262 permits went to the province of Fars and 247 permits to West Azerbaijan.

Iran is one of the hub of cryptocurrency mining, but not everything is fine. Earlier this month, the government confiscated 7,000 mining facilities from local operators, citing increased energy consumption in the summer months and network congestion. However, after last week’s licenses were issued, a blanket ban seems rather unlikely.

Elon Musk will discuss BTC with Jack Dorsey in July

Elon Musk will discuss BTC with Twitter CEO Jack Dorsey at The B Word in July, as originally suggested on Twitter.

Both technology leaders agreed on Twitter to take part in such a discussion, but given Musk’s playful attitude, it may not be clear if he was serious. A spokesman for the event confirmed that the interview would actually take place.

Banks, crypto exchanges, companies

The unveiling of South Korean crypto exchange fees has dealt a blow to the sector’s credibility

South Korean cryptocurrency issuers appear to be forced to pay fees for this privilege on the exchanges on which they are listed, despite claims by exchange operators that they offer free listing, which undermines fundamental transparency in the industry.

Allegations have been circulating for some time that stock exchanges and the companies that work with them levy listing fees. It now appears that a copy of the agreement between the Xangle cryptographic publishing platform and the token issuer that leaked to the Decenter server confirms these claims.

The agreement requires the coin issuer to pay Xangle for what it describes as “quotation management services”, suggesting that Xangle, best known for providing credit ratings for crypto companies, acts as a de facto intermediary between altcoin projects and virtual trading platforms.

CBDC, Regulation

Hong Kong continues plans for the digital dollar and e-CNY

According to an official blog released on Sunday, Hong Kong Finance Minister Paul Chan reiterated the city’s determination to develop digital versions of the Hong Kong dollar and the Chinese yuan for retail and cross-border payments.

In December 2020, the Hong Kong Monetary Authority and the China Central Bank’s Digital Currency Research Institute discussed a technical pilot testing of e-CNY for cross-border payments. The Hong Kong Monetary Authority has conducted several small-scale internal tests with Bank of China Hong Kong staff.

Hong Kong is also working on its own CBDC project. Together with the United Arab Emirates and Thailand, it launched the “Multiple CBDC Bridge”, which uses distributed ledger technology to conduct cross-border transactions between the central banks of the three jurisdictions.

The legislature clarifies that Paraguay will not follow Salvador

In an interview with Reuters, Paraguayan legislator Carlos Rejala clarified the speculation that Paraguay could soon follow El Salvador and make BTC legal tender. He explained that he only wanted to regulate cryptocurrencies, not make the BTC the national currency.

Earlier this month, news agencies announced that Rejala intended to introduce a bill to introduce BTC as legal tender in Paraguay, based on reports in the Paraguayan newspaper La Nación.

Juanjo Benitez Rickmann, CEO of BTC.com.py, recently said on Twitter that he was working with Rejala on a bill (due to the Paraguayan Congress on July 14 to increase investment in crypto assets in the country and to took advantage of the abundance of renewable energy in Paraguay.

The governor of the Russian central bank confirmed the tests of the digital ruble in 2022

Russia’s central bank governor, Elvira Nabiullin, has confirmed that the institution intends to begin testing the digital equivalent of the ruble in 2022. As previously reported, these plans to begin testing the digital ruble next year were announced in May and April.

As for BTC and other cryptocurrencies that are not issued by state financial institutions, Nabiullina considers them (and especially BTC) to be very risky assets and warned investors against buying them.

In early June, the head of Russia’s central bank said that the CBDC (digital currency of the central bank) was the future of the Russian financial system (and especially the Moscow payment system) because it would be fast and cheap.