The Biggest & Latest Crypto Incidents
In This Article, We'll Cover the Biggest & The Latest Crypto News
El Salvador accepts Bitcoin as legal tender.
After a Bitcoin adoption bill presented to the goverment by President Nayib Bukele was approved with 62 votes out of 84.
El Salvador became the first country to legally adopt Bitcoin.
The #BitcoinLaw has been approved by a supermajority in the Salvadoran Congress. 62 out of 84 votes! History! #Btc🇸🇻President Nayib Bukele, wants to go even further with a plan to use volcanoes to generate 100 percent renewable bitcoin mining facilities.
Nearly half of millennial millionaires have at least 25% of their wealth in cryptocurrencies, according to the CNBC Millionaire Survey.
BlockFi Inc. Adds New Financing Platfotm.
BlockFi Inc., a cryptocurrency financial services company, has launched a bundled financing and trading platform for institutional and high-net-worth clients.
“The way that we’ve set up the business from day one, more than any other of the new digital fintechs out there, we were built to serve institutions, so it’s just been a natural extension to be able to do this -- it hasn’t been like a quantum leap for us,” Olsson said of the new service. BlockFi has been onboarding more “household-name alternative asset managers” this month than at any point in the company’s history and the “trajectory is exponential,” he said. “We’ve got a lot more on the road-map that’s really exciting.”
Mining BTC using Manure? Seriously
Since Tesla CEO Elon Musk questioned bitcoin's environmental credentials, an entrepreneur who set up a cryptocurrency mining service powered by cow excrement has experienced a surge in business.
U.K.-based Josh Riddett, who started Easy Crypto Hunter in 2017 in Manchester, has carved a niche selling farmers equipment powered by renewable energy such as anaerobic digestion, which turns animal dung into energy.
Coinseed Permanently Liquidated.
Coinseed a cryptocurrency trading company based in New York, has permanently closed after the state attorney general's office investigated it for potential fraudulent investment activities.
Crypto “The Wild West”
“The U.S. government needs to step up oversight of the digital currency market and find ways to protect consumers from scams stemming from the rapid rise of cryptocurrencies” Senator Warren Said, adding that the Crypto Market is the Wild West.
Solana Received $314.15 Million
Solana has concluded a $314.15 million private token sale, according to Solana Labs.
The millions raised will be used to create a venture investing arm, a trading desk dedicated to the Solana ecosystem, and support the development of new decentralized applications with the goal of drawing more people onto the blockchain and eventually reaching 1 billion users.(Forbes)
China Crypto Crackdown Intensifies.
With another province ordering all crypto-mining operations to shut down just hours after popular Internet companies began censoring searches for three of the country's largest crypto exchanges, according to Reuters.
Chinese police have also arrested over 1,000 people on money-laundering charges, alleging they used cryptocurrency to help them evade the law.
DraftKings Crypto Payment Prevented by Regulations.
“As of now, crypto is not an approved payment type in any of the states where we're live," DraftKings CEO Jason Robins said citing regulatory issues.
With his Crypto optimism he added, “Crypto likely transform some entire industries."
Invesco To Launch Crypto ETFs.
According to a filing with the US Securities and Exchange Commission, the Invesco Galaxy Blockchain Economy ETF and the Invesco Galaxy Crypto Economy ETF will invest in crypto-linked equities to the tune of 85%. The remainder of the assets will be invested in cryptocurrency trusts and funds.
As some reports suggest that Invesco is looking to bypass the regulators, due to the repeatedly delayed approval of Crypto ETFs.
Interactive Brokers Soon to Offer Crypto Trading.
"As for hurdles, the greatest hurdle is how do you keep you customers 100% safe. How do you make it 100% sure that no one will steal their coins in spite of the fact that they are untraceable? We will find out more about this when we open for business at the end of the summer," the CEO said.
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