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Cryptocurrency news for the week.

Posted by luba66 Lyubov Sultanova on June 11, 2021 - 8:27pm


Monday
 Ethereum Average Fee Drops To Low Since December 2020

 Altcoin transaction fees dropped 83% over the past two weeks to $ 3.7

 Automata token price skyrocketed by 12 350% in an instant

 The price of the cryptocurrency has risen sharply after listing on the Binance crypto exchange.  The asset is currently trading at 4500% above the starting price

 Investment funds named bitcoin the least attractive asset

 Goldman Sachs conducted a survey of 25 investment directors of hedge funds and funds that only go long

 Tuesday
 Bitcoin has fallen in price by 10% per day

 The cost of the first cryptocurrency fell below $ 32.5 thousand.Over the past 1.5 months, the price of an asset has halved

 Traders lost more than $ 1 billion amid falling crypto market

 The cost of bitcoin dropped to $ 32 thousand, which led to a massive forced closure of the margin positions of crypto-exchange users

 Buffett's company invests in Brazilian digital bank Nubank

 In June, Nubank became the owner of the Easynvest broker and two other companies that offer clients investments in cryptocurrencies

 Wednesday
 The first country in the world to legalize bitcoin as a means of payment

 The relevant law was passed by the Parliament of El Salvador.  The document takes three months to create an infrastructure that will allow accepting payments in cryptocurrency

 Experts assessed the earnings of Russians on bitcoin trading

 According to the analytical company Chainalysis, Russia ranked fifth in the ranking of the countries whose residents received the most profit from the main cryptocurrency in 2020.

 Mining is completely banned in Xinjiang

 The authorities of the Chinese region demanded to immediately stop the mining of cryptocurrency

 Thursday
 The President of El Salvador instructed to use the energy of volcanoes for mining

 The state electrical company LaGeo operates in the country, which uses geothermal sources to generate environmentally friendly electricity.

 Bitcoin rate increased by 12% per day

 The price of the cryptocurrency has renewed a 6-day high at around $ 38.4 thousand.Over the past three days, the asset has risen in price by more than $ 7 thousand.

 Bitcoin hash rate fell by 25% in a day

 The decline in computing power on the bitcoin network began in mid-May after the Chinese authorities called for stricter regulation of mining and crypto trading.  Because of this, cryptocurrency mining companies began to leave the country.

 Friday
 One of the largest US banks will start working with cryptocurrency

 State Street will create a department that will be responsible for the development of the bank in the field of digital assets, the DeFi sector of decentralized finance, as well as blockchain and tokenization.

 Cryptoexchange Kraken will reconsider plans to enter the stock market

 Jesse Powell, CEO of the site, confirmed the company's intentions to go public, but noted that the experience of the large cryptocurrency exchange Coinbase, which conducted a direct listing, made Kraken think about another option - an initial public offering (IPO).

 Billionaire from South Africa accused Elon Musk of manipulating the crypto market

 According to Magda Vezhitskaya, the CEO of Tesla and SpaceX used his influence on social media to raise the price of Bitcoin after its purchase by the automaker.

 You can find more news about cryptocurrencies in our telegram channel RBC-Crypto.

 Author
 Alexey Korneev                                                        Sincerely, Lyubov Sultanova.

 

 

 

Svetlana N thanks for sharing
June 13, 2021 at 1:40pm
Bill Rippel Thanks for the weeks update.
June 12, 2021 at 4:20pm