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Top News
El Salvador Has Become The First Country To Adopt Bitcoin As Legal Tender
El Salvador has officially become the first nation in the world to accept Bitcoin as a legal tender in the country. The Latin American country's congress voted overwhelmingly in favor of the law late Tuesday. The U.S. dollar is currently the country's official currency and its economy depends heavily on money sent back from abroad. President Nayib Bukele said Bitcoin could improve financial inclusion and access to wealth in a desperately poor nation.
President Biden & Other World Leaders May Discuss Cryptocurrency At Annual G-7 Meeting
U.S. President Joe Biden will speak directly about cryptocurrency and its role in the attack on the Colonial Pipeline at the annual G-7 Meeting according to his national security adviser says. The G-7 summit is scheduled to be held in the United Kingdom from June 11 to 13. It will be Biden's first foreign trip acting as U.S president since his inauguration in January.
Bitcoin News
Former President Donald Trump Says Bitcoin Is A “Scam" Against The US Dollar”
Former US President Donald Trump has said he sees Bitcoin as a "scam" affecting the value of the US dollar. His comments come on the back of news El Salvador plans to make the crypto-currency legal tender. The price of Bitcoin has been falling steadily since early May and so far has not recovered.
FBI & U.S. DOJ Recover $2.3M In Bitcoin From Gas Pipeline Hack
After Colonial Pipeline paid a ransom worth roughly $4.3 million in bitcoin to cybercriminals, the FBI was able to track and recover 63.7 bitcoins, currently valued at about $2.3m. The operation marks the first time recovery by the new Ransomware Task Force. Colonial Pipeline is the same pipeline that has shut down temporarily from a hack that made major headlines last month as it caused a fuel shortage.
Altcoin News
Mark Cuban Now Owns Over 100+ Altcoins In His Cryptocurrency Portfolio
Crypto investors are using on-chain data and tracking Mark Cuban's crypto movements to learn the content of the billionaire's altcoin portfolio. Cuban appears to be immersed in the space and is even using crypto platforms to mint non-fungible tokens (NFTs) He has revealed some of his investments either on podcasts or by way of minting and promoting NFTs. On-chain data reveals the billionaire is invested in over 100+ cryptocurrencies.
Reddit Co-Founder Alexis Ohanian Revealed That Majority Of His Crypto Wealth Is Tied To Ethereum
Reddit co-founder Alexis Ohanian revealed that a good amount of his crypto holdings are in Ethereum (ETH). Ohanian said, "That's where a lot of my holdings are, candidly," but did not reveal exactly how much ETH he holds.
Market Movers
The Biggest Gainers and Losers
Gainers (7 Days)
• Streamr (Data) - Up 134%
• Rakon (RKN) - Up 128%
• Bitball Treasure (BTRS) - Up 121%
Losers (7 Days)
• Enzyme (MLN) - Down -42%
• BORA (BORA) - Down -40%
• Venus Reward Token (VRT) - Down -39%
Trending Cryptocurrency
The Top Trending Crypto
Top Trending Crypto (7 Days)
• Alaska Inu (LAS)
• GreenTrust (GNT)
• SENSO (SENSO)
• Safe Star (SAFESTAR)
• Coco Swap (COCO)
Exchange News
Binance Plans To Launch NFT Platform Soon With 100+ Artists & Creators At Launch
Crypto exchange Binance has handpicked 100 artists who will be able to sell their NFT artworks during the launch of the exchange's upcoming NFT marketplace. After the marketplace launches on June 24, only these creators can sell their artworks for the first week. However, anyone with a registered Binance account will be able to access the marketplace to buy and resell NFTs.
Coinbase Has Partnered With A 401(k) Advisor To Offer Crypto Retirement Accounts
Coinbase has partnered with ForUsAll, a 401(k) advisor, to offer crypto investments for retirement accounts. The partnership will allow small to medium-sized employers to offer employees an option to invest up to 5% of their portfolio into cryptocurrencies such as bitcoin and ether.
Blockchain News
UNICEF Is Investing Over $300K Into Blockchain Startups
UNICEF’s Innovation Fund has invested $300,000+ in three African and Latin American startups. Leaf Global Fintech received $48,900 and Rumsan secured $100,000 for its mobile-based digital aid distribution system. Xcapit secured $110,000 to create a mobile app that promotes financial education among young people.
Nvidia’s CEO Says Society Is “On The Cusp Of” A Blockchain Metaverse That Will Be Fueled With NFTs
Nvidia CEO Jensen Huang says we're "right on the cusp of" a VR/AR world with self-contained economies. The company is already using a VR version of its new office building to test these theories, a campus that the company has dubbed "Voyager" Eventually, employees will be able to attend work by wearing VR headsets from home and controlling robots to move about the physical office space.
Crypto Mining News
Jack Dorsey’s Square Is Investing $5M Into Green Energy Bitcoin Mining Plant
Financial services firm Square Inc. is partnering and investing $5M with Blockstream Mining to build a solar-powered bitcoin mining facility. The facility will be a "proof-of-concept for a 100% renewable energy Bitcoin mine at scale," Blockstream says. Square confirmed the news in a tweet, saying it was "committed to driving further adoption and efficiency" of renewables.
The Largest Cryptocurrency Mining Facility Running On Renewables Is Being Built In The United States
Manhattan Solar Partners, LLC plans to build crypto data centers utilizing over a gigawatt of renewable energy in Texas. The data centers will add up to 700 high-paying jobs to the local economy in addition to bringing international focus to Texas as a global crypto mining center. Manhattan Solar Partners' clients plan to move existing international and domestic operations to Texas to take advantage of renewable energy.
DeFi News
World Economic Forum Published A New DeFi Regulatory Policy
The World Economic Forum has published a policy toolkit for decentralized finance, in a bid to help shape regulation of digital asset marketplaces between different countries. The toolkit coincides with growing interest in regulated decentralized finance worldwide and presents guidance for regulators to help formulate effective legislative responses.
NFT News
Doge Meme Auctioned As An NFT Sells For A Record-Breaking $4M
The dog meme that is popularly known as "doge" was sold in an auction Friday for approximately $4 million. The bidder, in an apparent gag, paid for the meme via Ether — handing over 1,696.9 of the cyber coins. The money goes to Japanese kindergarten teacher Atsuko Sato, the owner of the actual Shiba Inu dog.
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Tesla Is Looking To Resume Bitcoin Payment Option
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