Get your everyday, bite-sized digest of cryptoasset and blockchain-related news — exploring the stories flying beneath the radar of the crypto news.
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Investments information
- MicroStrategy verified that it has raised USD 500m in order to buy more bitcoin (BTC). They’d spend USD 488m of the amount on BTC. The business said that it currently owns roughly BTC 92,079 (USD 3.75bn) that are being held by a recently formed subsidiary, MacroStrategy LLC.
- 81% of surveyed investors (3,671 in total) are somewhat more bullish than previously, following the current sell-off from crypto markets, based on cryptoasset agent Voyager Digital’s Q2 2021 Retail Investor Sentiment Survey. 87% of the respondents plan to grow their crypto holdings over the next quarter, compared to 80% in the prior survey. According to a sample group of more than 1.6m verified users, the results reveal that 18% assert that BTC will exceed USD 71,000 by the end of Q3 2021 (down from 20%), 28 percent said USD 41,000-USD 55,000, and 39% predicted USD 56,000-USD 70,000.
Regulation news
- The US SEC released its regulatory schedule for the summer and spring, and it doesn’t include crypto. The program introduces three stages of rulemaking – prerule, proposed rule, and last principle – and it’s centered on special purpose acquisition companies (SPACs), brief sale disclosures, gamification of trading platforms like Robinhood, loaning or borrowing securities, currency fund reforms, cybersecurity, climate change disclosures, etc..
- The spread of cryptocurrencies without any clear regulation is a cause for concern and could harm the way the market operates, Paolo Savona the head of Italy’s stock exchange regulator, said today, per Reuters. „When it takes a long time at a European level to think of a solution, (Italy) would have to take its own measures,“ he was quoted as saying.
- The Thai Securities and Exchange Commission has prohibited digital advantage exchanges from trading meme- or fan-based tokens, non-fungible tokens (NFTs), and exchange-issued tokens, the Bangkok Post reported.
- Argentina’s central bank, the Banco Central de la República Argentina (BCRA), said it is exploring nine fintech companies over their crypto links. The BCRA said that the companies were suspected of supplying customers with“unauthorized financial“ services that it says may only be available in the country by entities that hold banking licenses. The companies, it added, appear to be supplying entry to“investment projects that use cryptoassets as a tool for savings“
Legal information
- Block.one, the programmer of EOSIO, an open-sourced blockchain application, has entered into a USD 27.5m settlement to resolve the class action lawsuit started by the Crypto Assets Opportunity Fund (CAOF) associated with the company’s June 2017 – June 2018 market, along with allegations that the company misled investors and inflated the EOS cost. Block.one said it“believes this lawsuit was without merit and full of many inaccuracies,“ but the payoff will enable the team to concentrate on running their business.
Mining information
- Bitcoin mining difficulty, or the measure of how difficult it is to compete for mining rewards, dropped 5.3percent on Sunday during the latest difficulty adjustment. It is the next fall in a row, bringing the difficulty down to 19.93 T, or even the smallest it has been since late December 2020, as hashrate, or even the computing power of the Bitcoin network fell, because of a current crackdown on BTC mining in China.
- Mining farms in Kazakhstan could be a topic of the tax: 1 tenge (USD 0.0023) per kilowatt per hour of power consumed during the mining process, Kursiv.kz reported.
- Canadian Bitcoin mining company Hut 8 Mining Corp.. On a bought deal value CAD 100m (USD 82.25m) and it expects its shares to start trading on the Nasdaq on or about June 15, according to MarketWatch. The proceeds will be utilised to fund the expansion of Hut 8 crypto operations.
CBDCs information
- Spain’s biggest political party has filed a bill in parliament that — if passed — would visit the country introduce a central bank electronic money (CBDC). The draft bill is the brainchild of the Spanish Socialist Workers‘ Party (PSOE), the party of Prime Minister Pedro Sánchez, and also the party with the most seats in the houses. It was printed in the parliamentary bulletin — and proposes creating a token that would be issued by the Spanish central bank but pegged to the euro.
Crime news
- Crypto scams are“skyrocketing“ at China, per a report by Finance and Economic Media (via Sina). Recently released, government-compiled statistics showed that“security incidents in the blockchain industry in 2020″ improved by nearly 240% on 2019 statistics, with offenders seeking to exploit the fact that the majority of ordinary people have“limited understanding of cryptoassets.“ The media socket quoted a Yunnan Province power official as saying that miners working in the state were likely to be closed down by the end of June.
Blockchain information
- Computing giant IBM said it’s contributed code to the enterprise blockchain network Hyperledger, in order to make it easier to deploy and develop blockchain solutions for company. This includes the underlying code to the IBM Blockchain Platform Console — a user interface (UI) that will form what is currently the Fabric Operations Console, allowing different platforms to integrate with a Hyperledger Fabric network, thus improving standardization.
