Forecast: Bitcoin will rise in price to $50,000
Large Bitcoin investment funds expect cryptocurrencies to rise after announcements of new government support programs in the United States. Bitcoin can go up to $50,000.
Ethereum developers try to rethink fee pricing model
The cost of gas required to complete transactions in Ethereum increased by 500% since April. This complicates the work of decentralized applications on Ethereum.
President of Kazakhstan signs decree banning cryptocurrency turnoever
Kazakhstan adopted a law on the regulation of cryptocurrencies. Bitcoin is recognized as property, but its issue, circulation and use as a means of payment is prohibited.
Telegram negotiates settlement agreement with SEC regarding TON
The US Securities Commission (SEC) and Telegram agreed on a settlement. According to it, Telegram is obliged to return $1.22 billion to Gram buyers and pay a fine.
Another mining equipment manufacturer from China to launch IPO in USA
Chinese bitcoin miner Ebang plans to launch an initial public offering on the US-based Nasdaq on 26 June. The company hopes to raise more than $80 million during the IPO.
PayPal allegedly to launch service for buying and selling bitcoins
PayPal and Venmo will launch a joint service for buying and selling cryptocurrencies. This will happen in the next three months, sources familiar with the project say.
Media: Deutsche Bank admits possible bitcoin crash
The new report of Deutsche Bank examines the likelihood of various disasters in the next 10 years that will outperform the Covid-19 pandemic. According to Bitcoinist, one of the scenarios supposes the bitcoin collapse.
Report: 72% of Fortune 100 develop blockchain solutions
Cryptorush of 2017 inspired major US companies to experiment with blockchain solutions. According to a recent study, nearly three-quarters of Fortune’s leading companies are exploring opportunities or already implementing blockchain solutions.
Bitcoin follows stock markets downturn and fell due to second wave fears
On June 15, bitcoin fell in price to a three-week low. The first cryptocurrency followed the leading benchmarks of the largest exchanges in Europe, Asia and the USA, which began to decline due to fears of the second wave of the COVID-19 pandemic.
Vanguard Investment Fund pilots blockchain securities management
One of the world's largest investment funds, Vanguard, which manages assets with a total value of $5.7 trillion, announced the successful launch of a pilot project to use blockchain in the settlement of securities transactions.
Report: China loses dominance in bitcoin mining
Due to pressure from the current bitcoin prices and uncertainty surrounding the cryptocurrency regulation in China, bitcoin mining companies prefer to move their enterprises to more profitable jurisdictions.
Anonymous user twice pays multimillion fee for transactions in Ethereum
The Ethereum account holder paid $2.6 million to transfer $134 in ETH. A day later, he again paid such a commission for a transaction of 350 ETH. Most likely, this mistake was made by a bot, not a human.
Investigation: QuadrigaCX bankruptcy is caused by founder's fraudulent actions
The Securities Commission of the Canadian province of Ontario came to the conclusion that the bankruptcy of QuadrigaCX was provoked by fraudulent actions of its founder.
Europol accuses Wasabi crypto wallet of money laundering services
The European Center for Cybercrime published a report on the analysis of the Wasabi bitcoin wallet regarding its use for laundering money obtained by criminal means.
Statistics: miners reduced sales of mined bitcoins
Miners simply reduced the volume of sales of mined bitcoins almost a month after the third halving, that led to decrease of miners' profits. This may be a harbinger of cryptocurrency growth.
CipherTrace: Cybercriminals stolу $1.4 billion in cryptocurrencies in 2020
It's not even half a year, while cybercriminals have already stolen $1.4 billion in cryptocurrencies since the beginning of 2020. However, 2020 is unlikely to beat 2019 in terms of stolen crypto.
