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 PayPal users will be able to pay with cryptocurrency at 29 million points of sale

In the near future, PayPal customers will be able to pay for their purchases at 29 million retail outlets using cryptocurrency. For purchases, one will be able to use BTC, ETH, as well as Bitcoin Cash and Litecoin. At the time of payment, PayPal users will be able to convert crypto coins to fiat. "This is the first time you can seamlessly use cryptocurrencies in the same way as a credit card or a debit card inside your PayPal wallet," said CEO of the company Dan Shulman. PayPal has no plans to charge a transaction fee when placing an order using digital currencies. Only one type of cryptocurrency can be selected for each purchase.

 Cryptanalyst: Selling BTC now is crazy

Well-known crypto enthusiast and analyst Willy Woo believes that now it’s not a good time to sell bitcoins. He is confident that this year will be a year of "insane optimism" for BTC, as the current rally is in its "final explosive phase." “You’d be crazy to sell right now. There’s more buying the dip than ever seen before, a new record for 2021 and we know the person that’s buying the dip is Rick Astley and he’s not going to let us down,” Woo said jokingly. He also stated that the cryptocurrency is currently "at the bottom", so Woo is "building up his long positions."

 Visa will process payments in USDC stablecoin

Visa payment system has launched a pilot program in collaboration with cryptocurrency company Crypto.com. According to the company, the pilot program will allow USD Coin (USDC) to be sent directly to Visa Ethereum addresses. Anchorage digital bank will become Visa's settlement agent when working with USDC. The company has taken the development of this direction seriously. In December last year, Visa already connected its global network to USDC and announced the release of a card with support for payments in stablecoin. In February, the company began testing a set of application programming interfaces (APIs) that will allow traditional bank customers to buy and sell digital assets. “We see increasing demand from consumers across the world to be able to access, hold and use digital currencies and we’re seeing demand from our clients to be able to build products that provide that access for consumers," Cuy Sheffield, head of crypto at Visa, said. In the future, Visa plans to process payments in central bank digital currencies (CBDC). Visa CEO Alfred Kelly said earlier this month that the company aims to reach out to stablecoins as well as Bitcoin and other cryptocurrencies. “We're trying to do two things. One is to enable the purchase of Bitcoin on Visa credentials. And secondly, working with Bitcoin wallets to allow the Bitcoin to be translated into a fiat currency and therefore immediately be able to be used at any of the 70 million places around the world where Visa is accepted, "Kelly said. The new program at Visa is described as a “small step” for the payment platform, but “a giant leap” for the proliferation of digital assets.

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 Elon Musk wants to send Dogecoin into space

The head of SpaceX, Elon Musk, wrote on his Twitter page that he intends to send a crypto coin to the moon. After that, the token went up in price by 30%. "SpaceX is going to put a literal Dogecoin on the literal moon," the entrepreneur wrote, without elaborating on the details of his plan. SpaceX's lunar mission is set to take place in 2023. However, users note that Musk's statement may be an April Fool's joke, so you shouldn't take it seriously. As of April 1, according to CoinDesk, the DOGE price is at $0.069. Before Musk's tweet, the coin was worth about $ 0.054.

 Total crypto market capitalization sets new all-time high above $1.9T

Amid another bullish trend on cryptocurrency markets, total crypto market capitalization has broken a new historical record just under $2 trillion. The market cap of all cryptocurrencies surpassed $1.9 trillion on March 31, according to data from major crypto monitoring resources like CoinGecko and CoinMarketCap. The total market cap reached as high as $1.99 trillion earlier on the day, hitting a new all-time record. In hitting its new historical high, the total crypto market capitalization has overtaken the market cap of oil and gas giant Saudi Aramco, the world’s second most valuable company by market cap after Apple. According to data from TradingView, Saudi Aramco’s market cap amounts to about 7 trillion Saudi riyals, or $1.86 trillion at the time of writing. After surpassing the market cap of Google stock at above $1.4 trillion in February, the total crypto market cap has continued flipping the world’s largest companies including Amazon and Microsoft. At publishing time, Amazon and Microsoft’s respective market capitalizations are $1.5 trillion and $1.7 trillion.

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 Raiffeisenbank analysts predict that 10% of countries will issue their own crypto coins by 2025

10% of countries will issue national digital currencies by 2025 and launch platforms for exchanging such assets. This is stated in a new report by Raiffeisenbank. Analysts are confident that the authorities of various states will need a little time to form a regulatory framework, and tokenized assets will become a tool for investment and savings.

 Erik Voorhees claims the biggest event in crypto this week isn’t Coinbase’s listing

According to Erik Voorhees, ShapeShift CEO and crypto industry stalwart ,Coinbase’s listing isnt’t the biggest event in crypto this week. He says, that the launch of ThorChain is arguably the biggest event in crypto this week, which is a pretty big claim. ThorChain’s launch is scheduled for Tuesday and will mark the first time that native crypto assets can be traded on a decentralized exchange across unique blockchains without bridging technology or wrapping tokens. Voorhees twitted: “Thorchain has no bridges. It has no wrapping. It is native assets, swapped across chains in a decentralized way, for the first time ever,” Voorhees exclaimed. To swap BTC for ETH, for example, the exchange would trade the BTC for RUNE, which is then swapped for ETH. This is all carried out at high speed to ensure the user is not impacted by the intermediary trade. ThorChain is also developing a native wallet called AsgardEx, which will be built to interact directly with the “chaosnet,” allowing the tokens of unique blockchains to be held by a single wallet. The platform’s native token, RUNE, has been on fire recently, surging 13% over the past 24 hours to reach an all-time high of $12.65, according to CoinGecko.

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 After listing, Coinbase turned out to be more expensive than NASDAQ, on which it was listed

On April 14, trading in shares of the cryptocurrency platform Coinbase began on the NASDAQ. After the start of trading, the share price rose to $381 at the set reference price of $250, and after a while the securities rose in price to $429. By the end of trading, Coinbase's capitalization reached $86 billion. As of April 15, the share price on the US premarket hovered around $344. On Thursday, at the premarket, the crypto platform's securities rose 11% to $365. At this rate, Coinbase is even more valuable than Nasdaq and the Intercontinental Exchange, which owns the New York Stock Exchange, combined. The media compared the placement of the company of Brian Amstrong and Fred Ersam to the "debutante ball" of the crypto business.

 Ethereum has been hardforked

Today, April 15, a hard fork “Berlin” took place on the Ethereum mainnet. Due to this, the algorithm for calculating the amount of commissions for transactions within the network has been changed, and new types of transactions have been introduced. The hard fork took place at block # 12,244,000. Many community members supported the event as it can have a positive impact on the Ethereum price. According to Coinmarketcap, the price of ETH has increased by more than 21% over the past 7 days. On the eve of the hard fork, the price of the crypto coin has renewed its historical maximum and reached $2,441.

 Bitcoins stolen from Bitfinex users moved to unknown addresses

Yesterday, April 14, about 10% of the bitcoins stolen in 2016 from the Bitfinex crypto exchange started moving. About 12,200 BTC were moved to unknown addresses. Their total cost is estimated at about $770 million. “We believe that the BTC transfers started during the trading for Coinbase's direct listing. The media shields allows them to at least get less publicity, considering there are fewer people tracking their movements or reporting it ... everyone's focused on the Coinbase listing,” says research analyst at Trade the Chain Nick Mancini. And Cinneamhain Venture partner Adam Cochran noted that "the bitcoins stolen from Bitfinex are the most tracked and blacklisted ones around the world." “No exchange will process them. They can basically never be cashed out,” the crypto enthusiast is confident.

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 DOGE has prerequisites for growth

Dogecoin has risen over 300% in the last 7 hours, according to Coinmarketcap as of April 20. The crypto coin costs $0.3.As Messari analyst Ryan Watkins wrote on Twitter a few months ago, DOGE's $50 billion capitalization level was beyond his imagination. "DOGE is really going to $1 isn't it?" he asked his followers. Crypto enthusiasts are optimistic about the growth of the Dogecoin rate. One of the prerequisites for this was the news that the largest retailer of computer components and electronics Newegg has provided its customers with the opportunity to pay for goods in DOGE. The marketplace has entered into a partnership agreement with the Bitpay service, working with altcoin since March 2021.

 The main cryptocurrency may continue to fall to the level of $ 52'000

The first crypto coin may continue to fall and reach the level of $ 52'000. This is stated in the column of NewsBTC analyst Aayush Jindal. "If bitcoin remains stable above the $54,000 level, it could attempt an upside break. The first key resistance is near the channel trend line at $56,000," the crypto enthusiast believes, noting that this is where a large number of sell orders are located.

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 Gemini: More than half of US residents are interested in cryptocurrencies

More than 50% of Americans are interested in digital currencies, according to a Gemini study. The platform surveyed about 3,000 Americans. 63% of respondents showed interest in digital currencies. About 14% of respondents own digital assets, and 13% are ready to purchase them in the coming year. Gemini believes that the number of cryptocurrency owners could double within a year. 77% of those surveyed said they would like to learn more about digital currencies, whether they own them or not. Gemini CEO Noah Perlman noted that trading platforms that emphasize user safety make digital currencies more accessible and attractive.

 Weiss Ratings did not see the risks associated with ETH

Analysts at Weiss Ratings did not notice any threat to ETH's position from similar projects in the near term. Cryptocoins are often criticized for insufficient bandwidth and rather serious commissions for operations. “Many people say that other blockchains are “ catching up with ETH”, but we are extremely skeptical about that. It's all too reminiscent of 2017, when the self-proclaimed Ethereum killers sacrificed decentralization to be faster and cheaper. We all know how it ended. For many of these projects, the only hope to survive is to become an Ethereum sidechain,” Weiss Ratings analysts wrote on Twitter. Today, the main competitor to Ethereum is Binance Smart Chain. But there are bandwidth issues on this blockchain - recently, the development team of the PancakeSwap exchange reported about the congestion of the BSC network.

 The head of BitMEX spoke about the company's plans

The head of BitMEX, Alexander Heptner, allowed the company to enter an IPO, invest in SPAC or issue tokens. It is about implementing a new platform strategy. BitMEX is ready to go beyond the usual business by adding spot trading, broker services, custodial services, and information products to the platform. The platform is poised to become "one of the world's largest regulated crypto derivatives exchanges and a powerful catalyst for change in the financial services industry." “I joined BitMEX at the beginning of the year with a very specific mission to help expand the focus on crypto derivatives and beyond. It's time to actively build up our user base,” said Alex Hoptner, CEO of the crypto exchange.

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 Economist: BTC already consumes more electricity than the Netherlands

Italian economist Fabio Panetta is confident that mining digital currencies carries risks for ensuring environmental safety. A member of the board of the European Central Bank believes that "colossal electricity consumption" and carbon emissions from the mining of crypto assets can negatively affect socio-economic development. The ECB notes that due to the pandemic, the volume of carbon dioxide emissions has decreased. But experts say this has a temporary effect. Panetta believes that cryptocurrency mining poses a potential threat to international environmental security. “Bitcoin alone is already consuming more electricity than the Netherlands. Controlling and limiting the environmental impact of crypto assets, including through regulation and taxation, should be part of the global discussion,” Panetta said.

 eBay users will be able to trade NFT

The e-commerce platform eBay has released a statement that its users can now buy and sell non-fungible tokens on the site. NFT can be operated by “eBay-compliant sellers”, and anyone can purchase tokens. All transactions will be in US dollars, with many other platforms suggesting using Ethereum. A significant part of the non-fungible tokens presented on the site is created on the basis of WAX. Because of this, sellers offer buyers to create a wallet in this network to receive NFT. "In the coming months, eBay will add new capabilities that bring blockchain-driven collectibles to our platform," said Jordan Sweetnam, senior vice president and manager of North American Marketplace for eBay.

 Crypto enthusiast announces a possible drop of BTC below $50,000

The main cryptocurrency price may fall below the $50,000 level. This is probably due to the decrease in the number of "whale" addresses to the minimum since this year. This point of view was expressed by Pankaj Balani, the head of the cryptocurrency platform Delta. According to Glassnode, the number of addresses that store at least 1000 bitcoins dropped to 1943. The negative trend has been traced since the first decade of February when a record high of 2237 addresses was recorded. “The data looks bearish, as it shows a clear trend of whales offloading their holdings,” Balani is sure.

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 Anthony Scaramucci advises investing in bitcoins up to 3% of the investment portfolio

SkyBridge Capital founder Anthony Scaramucci believes that the main cryptocurrency is still an asset that should be in an investment portfolio. According to him, it is still difficult to convince many investors to pay attention to BTC. The head of SkyBridge Capital advises investing relatively little money in bitcoin. According to the entrepreneur, BTC is the only crypto-coin that has reached “space speed”. “As an investment adviser and someone who’s been running money for 30-plus years, it’s responsible of me to tell my clients to own 1%, 2% or 3%. I’m not telling them you’ve got to own 100% of your net worth in it - but if we’re right, you don’t want to be missing out on this," Scaramucci said.

 Losses of traders because of BTC fall reach $2.4 billion

As a result of the collapse of the first cryptocurrency coin, traders lost about $2.4 billion. In 24 hours, cryptocurrency exchanges forcibly closed the positions of 304 thousand users, analysts of the bybt service noted. The market collapse was preceded by another post by Elon Musk on Twitter. In it, he criticized the main cryptocurrency. “Bitcoin is actually highly centralized, with supermajority controlled by handful of big mining (aka hashing) companies. A single coal mine in Xinjiang flooded, almost killing miners, and Bitcoin hash rate dropped 35%. Sound “decentralized” to you?” Musk wrote on May 16. However, on May 17, in response to a barrage of criticism, the entrepreneur hastened to "refute the speculation”, saying that "Tesla has not sold a single bitcoin."

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 Poll: over 50% of Australians think that Elon Musk is the creator of BTC

According to a survey of Finder website users, 56% of Australians believe Elon Musk is the creator of Bitcoin. They had never heard of Satoshi Nakamoto. The study involved over a thousand Australian residents. Many of those surveyed do not know that the Bitcoin supply is limited to 21 million cryptocoins. 44% of respondents are sure that the number of BTC is not limited. In addition, 25% of survey participants said they have already purchased cryptocurrency or intend to do so by the end of the year. However, about 20% of respondents do not know how to do this.

 German politician advocates restricting bitcoin miners

Sven Giegold, a politician from Germany, considers it necessary to pass a law that limits the consumption of electricity by bitcoin miners. The deputy calls for the introduction of appropriate restrictions on the territory of the European Union. “As long as cryptocurrencies were small sandbox games, there was no need for regulation, and it was necessary to give innovative technologies room for development. But if something becomes ecologically damaging on the scale of mining cryptocurrencies like Bitcoin, then you have to intervene,'' the politician said. According to Giegold, carbon dioxide emissions from BTC miners are a threat to the German economy. The MEP stressed that the regulation of the cryptocurrency mining industry lags far behind the development of this industry.

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 American GameStop Network to launch an NFT-related project

The American network for the sale of game consoles, computer games, and game accessories GameStop will launch an Ethereum platform for NFT tokens. The exact date of the platform launch has not yet been disclosed. “We are building a team. We welcome exceptional engineers (solidity, react, python), designers, gamers, marketers, and community leaders,” the company's announcement, which is posted on the site's website, says. Probably, the target audience of the project will be not only players and developers, but also potential NFT collectors. There is also a slogan on the site: “Power to the players. Power to the creators. Power to the collectors."

 Canadian regulator accuses Poloniex of illegal asset trading

The Ontario Securities and Exchange Commission has sued the popular crypto platform Poloniex. OSC believes that the exchange is carrying out illegal trading in stocks and derivatives. In early spring of this year, it became known that companies conducting operations with cryptoassets in Canada are required to register as investment dealers. Until April 19, such companies had to contact the regulator to warn of possible sanctions against them. 70 platforms applied to OSC, some of which were registered outside Canada, but Poloniex was not among them. Now the platform faces a large fine, as well as a ban on trading in securities.

 Wharton School of Business talks about the possibilities of decentralized finance

DeFi has the potential to transform the global financial market. According to experts at the Wharton School of Business at the University of Pennsylvania, such assets can be used in insurance, lending, capital management, the development of decentralized exchanges, and the issuance of stablecoins. In addition, the use of DeFi is possible when running "ancillary services" such as wallets and oracles. Decentralized finance can help alleviate market pressures, transaction costs, and asset allocation costs. However, business school experts have also pointed out the disadvantages of DeFi. For example, these are frequent cases of fraud, an uncertain attitude of regulators towards such assets, and immaturity of the technology.

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 The head of the Japanese regulator speaks out against bitcoin

The volatility of the main cryptocurrency is "excessively high". This opinion was voiced by the Governor of the Bank of Japan Haruhiko Kuroda. “Most of the trading in the cryptocurrency industry is speculation on excessive volatility. It is unlikely that Bitcoin can be used as a means of payment, ” Kuroda said. But he treats stablecoins differently. According to the Governor of the Central Bank, if stablecoins meet the standards of regulators and have "sound government practices", then in the future they will turn out to be a convenient payment instrument.

 Ray Dalio considers the first cryptocurrency to be an alternative currency

Ray Dalio, founder of hedge fund Bridgewater Associates, is convinced that a clear distinction needs to be made between “digitized” money and alternative digital currencies. At the same time, he called the main crypto-coin an alternative currency. “Bitcoin is an alternative currency compared to digitalization,” the entrepreneur said. In his opinion, the digital yuan can become a competitor to BTC, but the state digital currency will not be able to conquer the crypto market. At the same time, the digital dollar will be stable and competitive, the businessman believes.

 In the UK, the bank has banned customers from sending funds to crypto exchanges

In the UK, Starling Bank has imposed a temporary ban on its clients from sending funds to crypto trading platforms. The reason is the high risks associated with online financial crime. However, Starling clients still have the ability to withdraw funds from cryptocurrency exchanges to bank accounts without any restrictions. Starling plans to lift the ban after the end of special checks, which will oblige the bank's customers to transfer funds to crypto platforms. Starling's initiative is not yet widespread. For example, the world's largest bank Barclays issued a message stating that it does not plan to impose a ban on customers from making deposits on crypto exchanges.

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 Coinbase Pro to add DOGE to listing

Cryptocurrency platform Coinbase Pro has released a statement on plans to add dogecoin to the listing. Clients of the exchange can already transfer cryptocoins to their accounts. That being said, DOGE should start trading at 09:00 PT tomorrow, June 3. This will happen if the conditions that relate to liquidity are met. Coinbase Pro users will be offered DOGE pairs against the US Dollar, Euro, British Pound, USDT and BTC. Against the backdrop of this news, the Dogecoin rate has increased by 32% over the past 24 hours, according to Coinmarketcap data. The DOGE price is $0.42.

 Goldman Sachs draws a parallel between BTC and copper

Goldman Sachs’s Global Head of Commodities Research Jeff Curry believes that bitcoin does not fit the common concept of digital gold. According to the expert, BTC is more like copper. “Digital currencies are not substitutes for gold. If anything, they would be a substitute for copper, they are pro-risk, risk-on assets. They are substitue for risk on inflation hedges not risk off inflation hedges,” Curry said. The economist believes that bitcoin correlates with the business cycle, as it is linked to its payment system. Curry believes that BTC, like copper, is an effective defense against "good inflation" arising from growing demand. But gold is hedging against the "bad inflation" caused by the increase in supply.

 Guggenheim Partners creates a fund to invest in the first cryptocurrency

Guggenheim Partners, which manages more than $350 billion in assets, is launching an investment fund for Bitcoin transactions. The new structure will focus on maximizing profits "by combining current income and capital gains." The portfolio of the Guggenheim Active Allocation Fund will consist of a large list of securities, which are planned to be diversified through an “alternative investment pool”. “The Fund may seek investment exposure to cryptocurrency (notably, Bitcoin), often referred to as «virtual currency» or «digital currency,» through cash settled derivatives instruments, such as cash settled exchange traded futures, or through investment vehicles that offer exposure to Bitcoin or other cryptocurrencies through direct investments or indirect exposure such as derivatives contracts,” the company's prospectus says.

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 Ruffer Investments earned $ 1.1 Billion on bitcoin

Wealth management company Ruffer Investments has announced significant profits after investing in the purchase of the first crypto coin. The firm acquired BTC for $600 million back in November 2020. It has now become known that the British company has completely sold its crypto assets. The cumulative profit after the sale exceeded $1.1 billion. “When the price doubled we took some profits for our clients in December and early January. We actively managed the position and by the time we sold the last tranche in April the total profit was slightly more than $1,1 billion,” Hamish Bailey, the investment director of Ruffer, said.

 Singapore authorities record an increase in investment in fintech

Sopnendu Mohanti, the Financial Technology Director of the Singapore Monetary Authority, is confident that a significant inflow of investments in the fintech industry is expected in 2021. This should happen as part of Singapore's consolidation of its position as a regional financial center. Mohanti said investments in fintech companies have increased from about $20 million in 2014 to $1.1 billion in 2020. In his opinion, in 2021, local authorities expect even greater growth. “We don’t have Silicon Valley, but we are trying our best. The environment the country is building enables these fintech players to find opportunities to see if their early ideas translate into real value in the long run,” MAS fintech director said.

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 El Salvador approves BTC as legal means of payment

The Legislative Assembly of El Salvador approved a bill on the legalization of BTC, in which the president of the state proposed to make the crypto coin an official means of payment, on a par with the American dollar. The legislative initiative was supported by 62 out of 84 possible deputies, 17 opposed, one parliamentarian abstained. The draft law will enter into force 90 days after publication in the official government media. If the initiative of the head of the country Nayib Bukele is approved, bitcoin will be the official payment instrument in El Salvador. Information about this appeared in the politician's microblog.

 Coinseed stops working

Cryptocurrency investment app Coinseed is suspended due to a lawsuit from the New York State Attorney's Office. Earlier, the department filed a lawsuit against the crypto project, accusing the platform of fraud and deceiving users for $1 million. The prosecutor's office believes that about 2 years ago, the top management of Coinseed conducted an unregistered ICO. In addition, the platform's management applied hidden fees and attracted investors with implausible promises. Coinseed CEO Delgerdalai Davaasambuu said the service had received no complaints from users. At the same time, the prosecutor's office said that since the filing of the claim, the department received more than 170 complaints about the crypto project.

 CFTC Commissioner: "DeFi derivatives may be illegal in the US"

The Commissioner for the US Commodity Futures Trading Commission believes that some DeFi products may be illegal on US soil. CFTC Commissioner Dan Berkowitz said DeFi markets, such as for futures contracts, may be illegal due to US law. These are the provisions of the American Mercantile Exchange Act. “DeFi markets, platforms, or websites are not registered as DCMs or SEFs. The CEA does not contain any exception from registration for digital currencies, blockchains, or «smart contracts, ”said the CFTC Commissioner.

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 Founder of Tudor Investment Corporation is ready to invest in bitcoins

The founder of the hedge fund Tudor Investment Corporation Paul Tudor Jones intends to invest part of his capital in bitcoins. The American billionaire said he prefers to invest in "something reliable, consistent, honest and definite," and the first cryptocurrency has these characteristics. “The only thing I know for certain, I want 5% in gold, 5% in bitcoin, 5% in cash, 5% in commodities. At this point in time, I don’t know what I want to do with the other 80% until I see what the Fed is going to do,” Jones said. The Fed will meet this week to discuss forecasts for interest rates and inflation. Depending on the further actions of the regulator, Jones admitted that he could invest more in digital assets.

 The Netherlands calls for a ban on BTC

Pieter Hasekamp, head of the Dutch Bureau of Economic Analysis at the Ministry of Economy and Climate Policy, believes that local authorities are obliged to introduce a complete ban on mining, storing, and trading the main cryptocurrency. He is confident that bitcoin cannot be used as a unit of account, payment instrument, and storage medium. The official believes that the Netherlands is currently lagging behind other states in terms of its policy of containing the growth in popularity of digital currencies. Hasekamp cited China as an example, where they had previously called for tight control over the circulation of cryptocurrency assets in the country. “Dutch regulators have tried to tighten supervision of marketplaces, but without much success. The Central Planning Bureau pointed to the risks of cryptocurrency trading in 2018, but concluded that stricter regulation is not needed yet, ” Hasekamp added.

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 General Motors may start selling cars for bitcoin

General Motors CEO Mary Barra said the auto giant could start selling its cars for BTC. According to her, this is possible if such a need arises among the company's clients. “Nothing prevents us from doing this. We will be guided by the wishes of our customers,” Barra said. Earlier, the media wrote that Tesla abandoned the idea of selling its cars for bitcoins. Canadian entrepreneur Kevin O'Leary said Tesla shareholders had a significant impact on the decision to refuse to accept payments in BTC.

 John McAfee claims to have lost his cryptocurrency fortune

American businessman John McAfee, who is in a Spanish prison, said that he had lost his fortune in cryptocurrencies, and other assets of the entrepreneur were confiscated. In the US, McAfee faces legal proceedings related to allegations of tax evasion, money laundering, and market manipulation. “The US believes I have hidden crypto. I wish I did but it has dissolved through the many hands of Team McAfee (your belief is not required), and my remaining assets are all seized. My friends evaporated through fear of association. I have nothing. Yet, I regret nothing," McAfee wrote on Twitter.

 CEO of Pantera Capital is confident that the time has come to buy BTC

Pantera Capital CEO Dan Morehead spoke about the fall in the cryptocurrency market and the resulting panic. According to the entrepreneur, this is a great opportunity to buy bitcoins. In a letter to investors, Morehead noted that it is necessary to buy digital currencies, like any other asset, when the markets are "below trend." In the case of BTC, now is a good period for its acquisition - bitcoin was so “cheap relative to the trend” only 20.3% of the time during its entire existence. The investor believes that the significant increase in the rate of the main cryptocurrency in the last year is not evidence that bitcoin is overvalued. “The year-on-year return never went literally off-the-chart like in past peaks. It’s currently trading at 281% year-on-year — which seems entirely plausible given the money printing that has occurred in that period,” Morehead said.

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 Goldman Sachs urges not to invest in bitcoin

Goldman Sachs analysts believe that investment in digital assets cannot be called “viable”, but cryptocurrencies are suitable for speculation in the market. The investment bank is confident that despite the increasing interest of people in digital currencies, investing in them is still risky. Analysts at Goldman Sachs noted that serious fluctuations in the crypto market scare off potential investors. And the conflicting opinions of industry participants about cryptocurrencies simply confuse many Goldman Sachs clients interested in acquiring such assets. “As Bitcoin soared to new highs over the past year, many wondered if they should invest in it. Now, a team at Goldman Sachs is telling retail investors that the digital currency isn’t worthy of most portfolios — at least not yet, ”the analysts of the investment bank are sure.

 Beijing residents will be able to exchange cash for digital yuan at more than 3,000 ATMs

The Metropolitan Branch of the Industrial and Commercial Bank of China has added the function of converting the yuan to and from the digital version. This opportunity can now be used in more than 3,000 ATMs. In addition, the Agricultural Bank of China has added a similar option. So far, it is available only on 10 devices located in Beijing. The initiative of the capital branches of banks indicates that the development and testing of the digital yuan is underway. Earlier, several Chinese cities tested the state cryptocurrency, when citizens received digital yuan to make purchases.

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 Miner spoke about the "solvency" of bitcoin

Restrictive measures in relation to the production of the main cryptocurrency should be taken positively, as they confirm the "solvency" of bitcoin. This was stated by the miner Brandon Arvanagi, who previously worked as a security engineer for Gemini. Arvanagi believes that now the authorities of various states are forming a consensus on BTC. And the tightening of the Chinese government's policy on mining and digital currency trading could prove to be a positive factor in the medium to long term. Former security engineer Gemini said that the role of the People’s Republic of China will be transferred to the United States, where the mining of cryptocurrencies is capable of becoming a large industry. He believes that Texas and Florida can offer favorable terms for miners. A similar opinion is shared by the head of Facebook Financial, David Marcus, who, commenting on news from China, said that this is "a great development in the history of bitcoin."

 ARK Investment Management invested in BTC, after which the crypto coin began to grow

ARK Investment Management invested in the first cryptocurrency. This became known on June 22, when the BTC price dropped to $28,800. The investment company has acquired over a million shares of the Grayscale Bitcoin Trust. We would like to remind the readers that on June 22, the value of the main crypto coin for the first time since January 2021 fell below $30,000. The market capitalization of BTC, according to CoinGecko, fell to $554 billion. However, after the news of the ARK Investment investment, bitcoin rose by more than 11%. Today, June 23, according to Coinmarketcap, the cost of BTC is $34'921.

 SEC accuses Loci crypto project of fraud

The SEC has accused the head of the Loci crypto project, John Wise, of illegally selling digital assets and defrauding investors. According to the regulator, the startup and its top management raised $7.6 million thanks to the illegal sale of LOCICoin tokens. The SEC believes that Wise spent about $38,000 of the investment received for personal needs. “Loci and its CEO misled investors regarding critical aspects of Loci’s business. Investors in digital asset securities are entitled to truthful information and fulsome disclosures so they can make informed investment decisions,” Kristina Littman, Chief of the SEC Enforcement Division’s Cyber Unit, said. As a result, the crypto project destroyed all LOCICoins and will not participate in similar token sales in the future. In addition, the company will have to return $7.6 million to investors.

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 The Fed is concerned about the growing popularity of stablecoins amid the lack of regulation of this market

Boston Federal Reserve Bank Governor Eric Rosengren has raised concerns about the risks associated with Tether to the soundness of the financial market. According to the official, USDT has become a "new problem" in the short-term lending markets. “The reason I talked about tether and stable coins is if you look at their portfolio, it basically looks like a portfolio of a prime money market fund but maybe riskier. We actually had a stablecoin that ran into financial difficulties last week. Tether, as you highlighted, has a number of assets that, during the pandemic, the spread got quite wide on those assets,” Eric Rosengren said. He noted that stablecoins are already playing a significant role in the modern economy. However, the absence of a significant degree of regulation of this industry can be dangerous for all players in the financial market.

 British regulator has decided to complicate the work of Binance

The British Financial Conduct Authority issued a warning to top managers at Binance, which states that the crypto exchange is not allowed to conduct regulated activities in the country. Because of this, the local division of the company got in a deplorable situation. The FCA ruling states that Binance cannot carry out any activity requiring licensing without the consent of the regulator. Since the company goes through the registration procedure in the authority, it has no right to provide unregulated services, for example, the ability to conduct transactions in the derivatives market. In addition, the management demanded that the company stop advertising campaigns launched earlier in the country in the coming days. Until June 30, the crypto exchange is obliged to warn its customers about the FCA restrictions on the site.

 Mexican entrepreneur announces approval of major crypto coin

Mexican billionaire Ricardo Salinas Pliego said that the Banco Azteca he created will become the first bank in the country to accept BTC. The entrepreneur wrote about this on Twitter. “Sure, I recommend the use of bitcoin, and me and my bank are working to be the first bank in Mexico to accept bitcoin,” Salinas said. According to the businessman, bitcoin is "an asset that should be part of every investor's portfolio." Salinas noted the value of BTC, "which is traded with huge liquidity on a global level."

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 US Senator approves bitcoin usage

Wyoming Senator Cynthia Lummis said she invested in a major cryptocurrency to secure future retirement. In addition, she encourages to follow her example. According to Lummis, BTC is great for long-term and retirement savings. She noted that she now owns 5 bitcoins, at the same time she purchased the first BTC at a cost of $330. “I worry about having all of our retirement monies denominated in U.S. dollars. So as part of diversification, having a very diverse asset allocation, so you don’t have all your eggs in one basket, I think one of the strongest stores of value for the long run is bitcoin, ”said Lummis.

 Europe should prioritize digital asset regulation

The head of the Central Bank of France, François Villeroy de Galhau is confident that the EU must make the regulation of digital currencies a priority. Otherwise, it will threaten the financial sovereignty of Europe. François Villeroy de Galhau said the EU "only has one or two years" to create a regulatory framework for the cryptocurrency market. In his opinion, inaction could "undermine our monetary sovereignty" and potentially weaken the euro. “I want to stress the urgency of regulating cryptoassets. We do not have much time left – just one or two years,” Villeroy de Galhau said.