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top stories of the week
BlackRock CEO Larry Fink recently delivered pro-crypto remarks, claiming that “Bitcoin is an international asset” and suggesting US regulators consider an ETF tied directly to bitcoin in the country. How to democratize finance. Under Fink, BlackRock has attempted to launch a spot BTC ETF with crypto exchange Coinbase acting as a monitoring partner. It is unclear whether the US Securities and Exchange Commission (SEC) will approve the investment vehicle, given its track record of rejecting all previously filed Spot BTC ETF applications to date.
Gemini files lawsuit against Digital Currency Group and Barry Silbert over Genesis and Earn program
Gemini has announced legal action against conglomerate Digital Currency Group (DCG) and its CEO Barry Silbert, claiming “fraud against creditors”. Genesis, a subsidiary of DCG, was the crypto lender responsible for operating the Earn program in partnership with the crypto exchange. The lawsuit follows an open letter published by Gemini co-founder Cameron Winklevoss, which criticized Silbert for allegedly trying to play the victim card when Arn investors are owed more than a billion dollars. . Winklevoss wrote in the letter, “Not even Sam Bankman-Fried was capable of such illusions.”
Bitcoin Uptrend Is Coming: Binance CEO Changpeng Zhao Reveals When
Binance CEO Changpeng “CZ” Zhao has given his prediction for the next bitcoin bull market. In an “Ask Me Anything” session on Twitter on July 5, CZ offered his thoughts on the next bull run, explaining that the price of bitcoin has historically risen in four-year bull cycles, and that his best bet was to That this will continue to happen. , Admitting that he cannot predict the future, Zhao emphasized the upcoming bitcoin halving event in 2024 and declared 2025 as the most likely year for the next bull market, adding: “The year after the bitcoin halving is usually It’s a year of boom.”
UK government moving forward on bill aimed at empowering authorities to confiscate crypto
Lawmakers in the United Kingdom are moving forward with legislation aimed at expanding the ability of authorities to target cryptocurrencies being used for illegal purposes. The June 27 version of the bill included provisions to allow authorities more flexibility in seizure of crypto assets and civil recovery. In addition, the law clarified the government’s right to digital assets “used for the purposes of terrorism” or for related reasons. Lawmakers will consider all amendments to the bill before it becomes law with royal assent.
Data Shows Binance, Coinbase and Gemini Employees Are the Least Happy
Crypto exchanges including Gemini, Binance and Coinbase are home to some of the least happy employees in the industry, according to tech recruitment firm TrueUp’s quadrant chart using data from Glassdoor. The chart shows the happiest and least happy workers at over 27 highly valued crypto firms in various stages of maturity. Defunct crypto lender Celsius, crypto exchange Gemini and trading firm Amber Group top the list of least satisfied employees, followed by Binance and Coinbase. Binance said its “hardcore” work culture may explain some of the results, while Neil Dundon, founder of Crypto Recruit, warned that the data should be taken with a grain of salt.
winners and losers
bitcoin at the end of the week ,B T c, is on $30,321ether ,ETH, But $1,868 And XRP But $0.46, Total market cap is $1.18 trillion, According To Coinmarketcap.
Among the 100 largest cryptocurrencies, the top three altcoin gainers of the week are Bon Shibaswap (Bone) At 40.88%, the manufacturer (MKR) 12.94% and on flow (Flow) at 11.73%.
Top 3 altcoin losers of the week are ApeCoin (APE) At -15.13%, stellar (xlm) -13.31% and on Phantom (ftm) at -12.63%.
For more information on crypto prices, be sure to read Cointelegraph’s market analysis.
read this also
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From the Director of the United States Mint to the First Bitcoin IRA Customer
features
Crypto, meet fiat. you two should have coffee sometime
most memorable quotes
“The year after a bitcoin halving is usually a bull year.”
changpeng zhaoBinance CEO
“Decentralized perpetual and futures trading is very new, so there is high growth opportunity with on-chain derivatives.”
Henrik AndersenChief Investment Officer at Apollo Crypto
“Let’s be clear: bitcoin is an international asset.”
Larry FinkBlackrock CEO
“The future tells me that we are headed towards augmented intelligence which will end in a fusion of the normal brain with AI. Perhaps this is the future of humanity.”
Paolo ArdoinoChief Technology Officer at Tether
“It takes a special kind of person to owe hundreds of thousands of people $3.3 billion and believe, or at least pretend to believe, that they are victims of some sort.”
cameron winklevossGemini CEO
“I think investment in bitcoin-related startups, especially early stage ones, has doubled in the last year. So it’s positive.”
adam backBlockstream CEO
week forecast
BTC price remains ‘undoubtedly bullish’ as $30K bitcoin buyers emerge
Bitcoin bulls had hoped that the new yearly high would allow BTC/USD to break out of its months-long trading range once and for all, but they were disappointed. The largest cryptocurrency declined this week at $31,500, falling below the $30,000 mark just hours later to challenge the bottom of the range.
The longer-term perspective similarly continued the overall bullish story, with short-term retracement and sideways movement below expected resistance.
The pseudonymous trader TraderKoz shrugged off fears of a deep decline challenging bitcoin’s uptrend. “A lot of people are talking about short term pullbacks so it’s important to keep the big picture in mind and not lose focus,” he wrote on July 6. The weekly chart is undoubtedly bullish (in my opinion). And I’d like to bid the decline.”
FUD of the week
Multichain MPC Bridge sees outflow of over $100 million, sparking exploit fears
There are unusually large outflows from the multichain multi-party computation (MPC) bridge platform Crores of dollars of exploits are being feared. On July 6, observers noticed that over $102 million worth of cryptocurrency was withdrawn from Multichain’s phantom bridge on behalf of Ethereum, as well as $666,000 from Dogchain and $5 million from Moonriver. Several on-chain detectives took to Twitter to label the incident as a potential exploit. Multichain said the activities were unusual and that the team is “not sure what happened and is currently investigating.”
Coinbase domain name allegedly used by scammers in high-profile attacks
Coinbase users have been turning to Twitter in recent weeks to report scams and phishing attacks involving the company’s services and applications, including claims that scammers are using the crypto exchange’s domain name. The criminals are reportedly using the “help@coinbase.com” email to defraud users and gain access to accounts. Coinbase said that anyone caught defrauding its customers would be prosecuted.
Barnbridge DAO called to stop ‘all work’ on DeFi protocols amid SEC probe
Barnbridge DAO members have been asked to stop “all work” related to the project following a reported investigation by the US Securities and Exchange Commission. Douglas Park, a lawyer for the decentralized autonomous organization, revealed the news to members in a post on the platform’s Discord channel. All products related to Barnbridge are currently on hold, including its Liquidity Pool. DAO members are not compensated for work derived from the organization’s investment efforts.
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Gods Unchained and My Pet Hooligan have joined the Epic Games Store for a first look at a beloved tropical island blockchain game.
Why Coin Stories’ Natalie Brunel Doesn’t Want Bitcoin ATH Anytime Soon: Hall of Flames
subscribe
The most fascinating reading in blockchain. Delivery is done once a week.
top stories of the week
BlackRock CEO Larry Fink recently delivered pro-crypto remarks, claiming that “Bitcoin is an international asset” and suggesting US regulators consider an ETF tied directly to bitcoin in the country. How to democratize finance. Under Fink, BlackRock has attempted to launch a spot BTC ETF with crypto exchange Coinbase acting as a monitoring partner. It is unclear whether the US Securities and Exchange Commission (SEC) will approve the investment vehicle, given its track record of rejecting all previously filed Spot BTC ETF applications to date.
Gemini files lawsuit against Digital Currency Group and Barry Silbert over Genesis and Earn program
Gemini has announced legal action against conglomerate Digital Currency Group (DCG) and its CEO Barry Silbert, claiming “fraud against creditors”. Genesis, a subsidiary of DCG, was the crypto lender responsible for operating the Earn program in partnership with the crypto exchange. The lawsuit follows an open letter published by Gemini co-founder Cameron Winklevoss, which criticized Silbert for allegedly trying to play the victim card when Arn investors are owed more than a billion dollars. . Winklevoss wrote in the letter, “Not even Sam Bankman-Fried was capable of such illusions.”
Bitcoin Uptrend Is Coming: Binance CEO Changpeng Zhao Reveals When
Binance CEO Changpeng “CZ” Zhao has given his prediction for the next bitcoin bull market. In an “Ask Me Anything” session on Twitter on July 5, CZ offered his thoughts on the next bull run, explaining that the price of bitcoin has historically risen in four-year bull cycles, and that his best bet was to That this will continue to happen. , Admitting that he cannot predict the future, Zhao emphasized the upcoming bitcoin halving event in 2024 and declared 2025 as the most likely year for the next bull market, adding: “The year after the bitcoin halving is usually It’s a year of boom.”
UK government moving forward on bill aimed at empowering authorities to confiscate crypto
Lawmakers in the United Kingdom are moving forward with legislation aimed at expanding the ability of authorities to target cryptocurrencies being used for illegal purposes. The June 27 version of the bill included provisions to allow authorities more flexibility in seizure of crypto assets and civil recovery. In addition, the law clarified the government’s right to digital assets “used for the purposes of terrorism” or for related reasons. Lawmakers will consider all amendments to the bill before it becomes law with royal assent.
Data Shows Binance, Coinbase and Gemini Employees Are the Least Happy
Crypto exchanges including Gemini, Binance and Coinbase are home to some of the least happy employees in the industry, according to tech recruitment firm TrueUp’s quadrant chart using data from Glassdoor. The chart shows the happiest and least happy workers at over 27 highly valued crypto firms in various stages of maturity. Defunct crypto lender Celsius, crypto exchange Gemini and trading firm Amber Group top the list of least satisfied employees, followed by Binance and Coinbase. Binance said its “hardcore” work culture may explain some of the results, while Neil Dundon, founder of Crypto Recruit, warned that the data should be taken with a grain of salt.
winners and losers
bitcoin at the end of the week ,B T c, is on $30,321ether ,ETH, But $1,868 And XRP But $0.46, Total market cap is $1.18 trillion, According To Coinmarketcap.
Among the 100 largest cryptocurrencies, the top three altcoin gainers of the week are Bon Shibaswap (Bone) At 40.88%, the manufacturer (MKR) 12.94% and on flow (Flow) at 11.73%.
Top 3 altcoin losers of the week are ApeCoin (APE) At -15.13%, stellar (xlm) -13.31% and on Phantom (ftm) at -12.63%.
For more information on crypto prices, be sure to read Cointelegraph’s market analysis.
read this also
features
From the Director of the United States Mint to the First Bitcoin IRA Customer
features
Crypto, meet fiat. you two should have coffee sometime
most memorable quotes
“The year after a bitcoin halving is usually a bull year.”
changpeng zhaoBinance CEO
“Decentralized perpetual and futures trading is very new, so there is high growth opportunity with on-chain derivatives.”
Henrik AndersenChief Investment Officer at Apollo Crypto
“Let’s be clear: bitcoin is an international asset.”
Larry FinkBlackrock CEO
“The future tells me that we are headed towards augmented intelligence which will end in a fusion of the normal brain with AI. Perhaps this is the future of humanity.”
Paolo ArdoinoChief Technology Officer at Tether
“It takes a special kind of person to owe hundreds of thousands of people $3.3 billion and believe, or at least pretend to believe, that they are victims of some sort.”
cameron winklevossGemini CEO
“I think investment in bitcoin-related startups, especially early stage ones, has doubled in the last year. So it’s positive.”
adam backBlockstream CEO
week forecast
BTC price remains ‘undoubtedly bullish’ as $30K bitcoin buyers emerge
Bitcoin bulls had hoped that the new yearly high would allow BTC/USD to break out of its months-long trading range once and for all, but they were disappointed. The largest cryptocurrency declined this week at $31,500, falling below the $30,000 mark just hours later to challenge the bottom of the range.
The longer-term perspective similarly continued the overall bullish story, with short-term retracement and sideways movement below expected resistance.
The pseudonymous trader TraderKoz shrugged off fears of a deep decline challenging bitcoin’s uptrend. “A lot of people are talking about short term pullbacks so it’s important to keep the big picture in mind and not lose focus,” he wrote on July 6. The weekly chart is undoubtedly bullish (in my opinion). And I’d like to bid the decline.”
FUD of the week
Multichain MPC Bridge sees outflow of over $100 million, sparking exploit fears
There are unusually large outflows from the multichain multi-party computation (MPC) bridge platform Crores of dollars of exploits are being feared. On July 6, observers noticed that over $102 million worth of cryptocurrency was withdrawn from Multichain’s phantom bridge on behalf of Ethereum, as well as $666,000 from Dogchain and $5 million from Moonriver. Several on-chain detectives took to Twitter to label the incident as a potential exploit. Multichain said the activities were unusual and that the team is “not sure what happened and is currently investigating.”
Coinbase domain name allegedly used by scammers in high-profile attacks
Coinbase users have been turning to Twitter in recent weeks to report scams and phishing attacks involving the company’s services and applications, including claims that scammers are using the crypto exchange’s domain name. The criminals are reportedly using the “help@coinbase.com” email to defraud users and gain access to accounts. Coinbase said that anyone caught defrauding its customers would be prosecuted.
Barnbridge DAO called to stop ‘all work’ on DeFi protocols amid SEC probe
Barnbridge DAO members have been asked to stop “all work” related to the project following a reported investigation by the US Securities and Exchange Commission. Douglas Park, a lawyer for the decentralized autonomous organization, revealed the news to members in a post on the platform’s Discord channel. All products related to Barnbridge are currently on hold, including its Liquidity Pool. DAO members are not compensated for work derived from the organization’s investment efforts.
Best Cointelegraph Features
Should You Give Kids the ‘Orange Pill’? the case for bitcoin children’s books
How young is too young to introduce children to bitcoin? Parents and authors of bitcoin children’s books consider this.
Super Mario: Crypto Thief, Sega Blockchain Game, Battle for AI Games Rights – Web3 Gamers
Gods Unchained and My Pet Hooligan have joined the Epic Games Store for a first look at a beloved tropical island blockchain game.
Why Coin Stories’ Natalie Brunel Doesn’t Want Bitcoin ATH Anytime Soon: Hall of Flames
subscribe
The most fascinating reading in blockchain. Delivery is done once a week.
