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An excerpt from Bitcoin Magazine's Deep Dive: How Bitcoin miner capitulation is driving the bitcoin price down.

Bitcoin Magazine

Miner Capitulation Is Putting Pressure On The Bitcoin Price

Sexagenarian Billionaire, Tim Draper, is doubling down on predictions that Bitcoin is on course to smash the quarter-a-million mark by the end of 2022. The strong Bitcoin proponent who rose to the ranks of a three comma senior citizen, courtesy of fruitful early investments in SpaceX, Twitter, Tesla, and Bitcoin is rooting for the apex [&#8230;]

ZyCrypto

Bitcoin Has 17 Months Left To Hit $250,000, Billionaire Tim Draper Tells Why

BBVA Switzerland will soon begin offering Bitcoin trading to private banking clients while not providing any advisory services on crypto investments.

CoinTelegraph

Banking giant BBVA debuts Bitcoin trading and custody for Swiss clients

Crypto Briefing

Sichuan Orders Shutdown on 26 Bitcoin Mining Farms

Bitcoin bulls ducked for cover as the Federal Reserve started paying interest rate returns on cash deposits via its reverse repurchase program.

Bitcoin pinned below $38K as investors stash record $756 billion with Fed

While most crypto assets are suffering through a steep correction, one altcoin has nearly quadrupled in value in less than a month. The price of the collateral-as-a-service token Amp (AMP) has jumped from $0.026 on May 23rd to a high of $0.12 on Wednesday – an appreciation of 361%. Over the same period, the price [&#8230;]The post This Crypto Newcomer Has Rallied 361% As Bitcoin Moves Sideways appeared first on The Daily Hodl.

The Daily Hodl

This Crypto Newcomer Has Rallied 361% As Bitcoin Moves Sideways

The last week was rather challenging for altcoins as most of the major ones are trading in the red. Bitcoin managed to pull ahead a bit, which also resulted in an increase in its market dominance. Bitcoin Bitcoin is up by a very small 2.8% over the past week as it currently trades at $37,900 [&#8230;]

Crypto Potato

Crypto Price Analysis & Overview June 18th: Bitcoin, Ethereum, Ripple, Cardano, & Solana

The Spanish banking giant BBVA will launch a bitcoin trading and custody service for private clients in Switzerland on June 21st.

Spanish Banking Giant BBVA to Launch Bitcoin Trading and Custodial Services in Switzerland

Spanish banking giant BBVA's swiss entity, BBVA Switzerland, has opened bitcoin trading and custody services.The post Banking giant BBVA opens bitcoin trading and custody services in Switzerland appeared first on The Block.

TheBlock

Banking giant BBVA opens bitcoin trading and custody services in Switzerland

The US-American news outlet CNBC has published a report, speculating that miners might move to the United States, after China banned the practice. Can Texas and Florida attract Bitcoin Miners? According to the report, the US states of Texas and Florida are the likeliest states to provide a home for mining operations, due to low [&#8230;]The post Chinese Bitcoin Miners To Come To The US, According To CNBC Report appeared first on CryptoCoin.News.

CryptoCoin.News

Chinese Bitcoin Miners To Come To The US, According To CNBC Report

The Ya’an municipal government in Sichaun has ordered energy companies to cut supply to 26 cryptocurrency mining farms.

Decrypt

Bitcoin Miners in Sichuan Ordered to Shut Down: Report

In the current cryptocurrency landscape, there are many different ways to generate new assets and secure networks. Furthermore, the traditional mining approach may soon be a thing of the past due to growing energy consumption concerns. Therefore, to make cryptocurrency mainstream, more favorable and accessible mining solutions need to be explored. Cryptocurrency Mining Needs To [&#8230;]

Bitcoinist

How Utopia (Crypton) Ushers in The Next Era Of Cryptocurrency Mining

The cumulative market cap of the cryptocurrency sector was $1.57 trillion at press time, having fallen by 2.39 percent since yesterday. The market&#8217;s alts were falling too, with the likes of Polkadot, EOS, and IOTA seeing red on the charts. While Polkadot continues to maintain its position in the top 10, EOS was ranked 27th [&#8230;]

AMB Crypto

Polkadot, EOS, IOTA Price Analysis: 18 June

Polygon, Solana, DeFi on Grayscale’s Radar

Mayor Francis Suarez wants to make Miami a Bitcoin mining hub by offering the city’s cheap, clean nuclear energy supply.

Miami mayor offers city's clean nuclear power to Chinese Bitcoin miners

The long wait is over, or so it appears as Bitcoin holders prepare to set foot into a green zone after seven months of red hot drought. The earliest signs of a bullish rebound for Bitcoin were sighted on Glassnode’s on-chain metrics this week. Bitcoin users joyfully watched as the index flipped an unprofitable red-run [&#8230;]

This Bitcoin HODLer Metric Has Just Flipped Green For The First Time In 8 Months – Here’s What This Means

Market participants are not expecting a major price breakout in the near term and are trading in the oscillating range. BTC has been unable to break out of its oscillating range for the past seven days. The bullish sentiment was short-lived on June 13, when MicroStrategy announced a $500 million debt raise to buy the [&#8230;]

OKEx Insights

BTC futures data reflects lack of directional trades as market remains range-bound

The partnership will see Tezos brand emblazoned across the Formula 1 team's cars and drivers' race suits.

McLaren Racing Teams Up With Tezos For Formula 1 NFTs

The U.S Securities and Exchange Commission (SEC) has delayed its decision to approve the VanEck Bitcoin ETF application for a second time. In explaining the outcome, the securities regulator raised concerns to do with market manipulation. However, Wednesday&#8217;s filing also mentioned it would take more time to garner public opinion on the matter. As things [&#8230;]

SEC Draws Condemnation For Further Delays To Bitcoin ETF Approval

Russia needs to move to Bitcoin to provide a “real financial instrument enabling independence in foreign trade settlements,” Deripaska argued.

Russian oligarch Deripaska blasts Bank of Russia for ignoring Bitcoin

After hinting at potential cryptocurrency legislation last week, a Paraguayan official has confirmed that the rule is coming in July.

Paraguayan Official Confirms: In July We Legislate Bitcoin

The Switzerland arm of BBVA, a Spanish banking giant has launched Bitcoin trading and custody services for its private clients. According to the company’s official announcement, the dive into the cryptocurrency ecosystem was preceded by six months of testing in which the bank certified the demand, and interest in the growing asset class amongst its The post Just-In: Spain&#8217;s Banking Giant BBVA Launches Bitcoin Trading Service in Switzerland appeared first on Coingape.

CoinGape

Just-In: Spain’s Banking Giant BBVA Launches Bitcoin Trading Service in Switzerland

Landon Cassill, a NASCAR driver, has partnered with Voyager Digital to be paid fully in cryptocurrency.

NASCAR Driver Landon Cassill To Be Paid Entirely In Crypto

The United Kingdom’s approach to cryptocurrency regulations has been measured, but it has matured in the post-Brexit financial landscape. Even though the U.K didn&#8217;t ban the whole crypto-sector, there were still some hiccups on the way, however. Looking at how things currently stand, did the crypto-community in the U.K evolve? Here&#8217;s a recent study to [&#8230;]

U.K’s crypto-users are growing in number, but do they even understand the asset class?

The mining company Bitfarms has revealed the firm will commence trading on Nasdaq Global Select Market starting on June 21. The firm claims to process 1% of the global hashrate and with &#8220;99% green hydroelectricity.&#8221; Bitfarms Renewable Operations to List on Nasdaq Global Select Market The Canadian bitcoin mining firm Bitfarms announced on Thursday that [&#8230;]

Bitcoin.com

Bitcoin Mining Company Bitfarms to Commence Trading on Nasdaq Next Week

TL;DR Breakdown Chainlink price is expected to fall to below $22 The closest support level is at $21.5 Chainlink price is facing resistance at the $23 After finally climbing past the $24 mark, Chainlink price failed to continue its bullish rally and the price has dropped to just below $22.5.While the price at press time [&#8230;]

Cryptopolitan

Chainlink price analysis: Chainlink price is expected to fall below $22

China has expanded its digital currency experiment with a roll-out of digital yuan conversion feature at more than 3,000 ATMs in Beijing.

China’s Digital Yuan is Now Available at 3000+ ATMs in Beijing

Mark Cuban. Source: a video screenshot, Youtube, The Filmy Amid the algorithmic stablecoin debate prompted by what decentralized finance (DeFi) protocol Iron Finance called &quot;the world’s first large-scale crypto bank run,&quot; many in the Cryptoverse came down quite hard on Dallas Mavericks owner Mark Cuban for his call for stablecoin regulation - arguing that he should've done due

cryptonews

'Crypto Bank Run' Shows Cuban That DYOR Comes Before Regulation

The Sichuan Energy Bureau and the Sichuan Development and Reformation Commission jointly issued a document ordering to shut down 26 mining farms that have been getting a supply of hydroelectricity from state-owned power plants and distributors. The local government agencies have outlined two main measures in regards to closing down local bitcoin mining operations. This [&#8230;]

Coinnounce

Sichuan authorities order to shut down local bitcoin miners.

Quick TakeDisclaimer: The Block Research team has, is, and will be experimenting with the various protocols, projects, and applications mentioned in this series. The projects mentioned in our reports are not recommendations from our team and should not be misconstrued as investment advice. Many projects that appear in this series are highly experimental and, as such, will come with risks. Readers should evaluate their own risk tolerance before experimenting with these projects.DeFi Digest is a bi-weekly look at newly launched DeFi projectsThis week’s digest looks at Alkimiya Protocol and Pawn.Fi

DeFi Digest: Alkimiya Protocol & Pawn.Fi

Quick TakeFireblocks is a blockchain cyber-security services provider for moving, storing and issuing digital assets$133mm Series C at a $700mm valuation in May-21 led by Coatue, Ribbit and StripesRecent $637bn in digital asset storage and transfers milestone, a +2,032% uptick in volume YoYPartnership with BNY Mellon in Feb-21 to grant institutional managers access to the digital asset spaceNominated by Microsoft as a Cyber Security Trailblazer for Microsoft’s Security 20 / 20 AwardsWith the crypto custodial facing consolidation and regulatory hurdles, Fireblocks is well positioned for a market share grab as institutional asset management and market makers look for a reliable platform

Fireblocks Company Intelligence Report

Crypto miners in Ya'an City have reportedly been ordered to temporarily shut down their operations.

City in Sichuan reportedly orders crypto miners to shut down for investigation

DigiFinex, a global cryptocurrency exchange, is adding Horizon Protocol’s token HZN to its ever-increasing list of tradeable altcoins. This news comes a few days after Horizon Protocol announced the upcoming launch of their Horizon Genesis project on BSC. The project will provide Horizon Protocol’s community with better ways of managing their synthetic assets on the [&#8230;]

DigiFinex Crypto Exchange to List Horizon Protocol’s Token HZN

After a healthy pullback above $40,000 earlier this week on Tuesday, Bitcoin (BTC) has once again come under pressure slipping under $38,000 today. At press time, Bitcoin is down nearly 4% trading at $37,780 as traders look to take profits with every price rise. But several on-chain indicators suggest caution at this point as analysts The post Analysts Suggest Wait and Watch for Bitcoin (BTC) Traders Based on These Indicators appeared first on Coingape.

Analysts Suggest Wait and Watch for Bitcoin (BTC) Traders Based on These Indicators

NetcoinCapital, a blockchain-based startup from Turkey focused on building a decentralized economy, today announced it will be listed on XT exchange beginning from August 4th, 2021. The new listing on the XT exchange will allow investors to trade this security token with other cryptocurrencies like bitcoin and ethereum. Investors who are interested in investing in [&#8230;]

NetcoinCapital token to be listed on XT Exchange

The post Coinbase Pro takes a U-Turn on Shiba Inu! SHIB Price drops 10% appeared first on Coinpedia - Fintech &amp; Cryptocurreny News Media| Crypto GuideShiba Inu has been on a roll of late, It has been surging well in successive sessions over the past few days. SHIB was set to debut on the most regulated exchanges in the world, Coinbase Pro. It was all good in the hood until Wednesday when Coinbase pro made a change to its SHIB &#8230;

coinpedia

Coinbase Pro takes a U-Turn on Shiba Inu! SHIB Price drops 10%

Binance has launched its new Bitcoin Dominance perpetual contract, BTCDOM The BTCDOM contract will have a maximum leverage of 25x and use Tether (USDT) as collateral BTCDOM is a cryptocurrency index comparing Bitcoin to the top 20 digital assets on Binance by market cap, excluding stablecoins The BTCDOM index is uncapped which means it can trade beyond the 0 &#8211; 100% range of the regular Bitcoin dominance Trading will commence on June 21st at 3:30 am UTC The popular crypto [&#8230;]

Ethereum World News

Binance Launches the Bitcoin Dominance Perpetual Contract, BTCDOM

TL;DR Breakdown The formation of the BTC council followed Musk&#8217;s decision to dismiss Bitcoin payments at Tesla Inc in mid-May.&#160; The Bitcoin mining council has made clear on its website, Elon Musk, the SpaceX and Tesla CEO, only joined an educational call to discuss BTC mining therefore, he has no relation with the mining council. [&#8230;]

Bitcoin mining council wants to dispel negative media narratives

DigiFinex, a global cryptocurrency exchange, is adding Horizon Protocol&#8217;s token HZN to its ever-increasing list of tradeable altcoins. This news comes a few days after Horizon Protocol announced the upcoming launch of their Horizon Genesis project on BSC. The project will provide Horizon Protocol&#8217;s community with better ways of managing their synthetic assets on the [&#8230;]

NewsBTC

TL;DR Breakdown Polkadot price is expected to rise to $23 The closest support level is at $21 Polkadot price is facing resistance at the $23 After finally climbing past the $25 mark, Polkadot price failed to continue its bullish rally and the price has dropped to just below $22.5.While the price at press time holds [&#8230;]

Polkadot price analysis: Polkadot price hints at challenging the $23 mark despite bearish pressure

Canadian Bitcoin Miner Bitfarms Secures NASDAQ Listing

The billionaire Dallas Mavericks owner has called for stablecoin regulation after the price of TITAN fell to zero.&#160; The cryptocurrency market continues to recede after a slight recovery at the beginning of the week. The price of BTC and ETH are both down more than 4%, dragging the total cryptocurrency market capitalization down 3.6% to [&#8230;]

Crypto market continues pullback after Mark Cuban loses on TITAN collapse

Ethereum developers have put forward a proposal to help solve the network's high gas fees. While markets are excited, miners are not.

What Is EIP-1559 and Why Are Markets So Excited About It?

The Jax.Network blockchain is a unique blockchain solution governed by two native digital crypto coins, JAX and JAXNET (JXN). The two coins offer different utilities, but they work together to ensure that the Jax.Network blockchain operates accordingly and functions properly. When solving the inherent scalability and stability issues faced by blockchain projects, Jax.Network used a...The post Merge-mine Jax.Network for a higher ROI appeared first on Live Bitcoin News.

Live Bitcoin News

Merge-mine Jax.Network for a higher ROI

Paraguay is set to unveil a crypto bill on the back of Bitcoin’s success story in El Salvador, a government official said this week. The post Paraguay to unveil Bitcoin legislations next month appeared first on CryptoSlate.

CryptoSlate

Paraguay to unveil Bitcoin legislations next month

The president of El Salvador, Nayib Bukele. Source: A screenshot, Instagram/nayibbukeleAn audacious bid from two opposition lawmakers to amend key clauses in El Salvador’s forthcoming bitcoin (BTC) adoption law is accompanied by furious debate among the international crypto community.Two MPs from the Farabundo Martí National Liberation Front (FMNL) party – Anabel Belloso and Dina Argueta

MPs’ Bid to Amend El Slavador’s BTC Bill Raises Questions About State & Freedom

The global cryptocurrency exchange platform, DigiFinex, is updating its cryptocurrency listing with the addition of Phoenix Global token PHB. This move comes after Phoenix Global took steps to upscale its blockchain performance and functionalities.&#160; The PHB token, which is the BEP-20 native utility token of the project, is on DigiFinex starting 16th June 2021 at [&#8230;]

Phoenix Global Token to Be Listed on DigiFinex

Sichuan, a major Chinese bitcoin mining hub, has issued an order that will seek to close bitcoin mining operations in the region.The post Sichuan orders state power grid to cut supply for 26 bitcoin mining farms appeared first on The Block.

Sichuan orders state power grid to cut supply for 26 bitcoin mining farms

Nascar Driver Landon Cassill will receive his entire payment in Litecoin (LTC) Mr. Cassill will be the first Nascar Driver to be paid entirely in cryptocurrency The payment in Litcoin is part of a 19-race sponsorship deal with Voyager At one point, Charlie Lee helped Landon Cassill understand Litecoin when he was mining LTC in his basement Nascar driver, Landon Cassill, will start receiving his salary entirely in Litecoin (LTC). According to ESPN, Mr. Cassill becomes the first Nascar driver [&#8230;]

Nascar Driver Landon Cassill to Receive his Salary in Litecoin (LTC)

Bitcoin's price headed south again to a low of just over $37,000 as on-chain data suggests that whales have started to sell off some of their holdings.

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