Bitcoin.com News Weekly Update

Listen to the latest Bitcoin.com Weekly Update where we touch on negative interest rates, a huge Turikish crypto exchange exit scam, new regulation concerns in South Korea, and more.

 

ECB President Christine Lagarde defends negative interest rates

 

Turkish crypto exchange exit scam leaves users unable to access $2 billion of funds

 

US State passes resolution commending Satoshi Nakamoto and Bitcoin

All 200 cryptocurrency exchanges at risk of shut down in South Korea, regulator warns

Links:

Main Story:

The Global Economy Comes Before Savers: ECB President Christine Lagarde Defends Negative Interest Rates

https://news.bitcoin.com/the-global-economy-comes-before-savers-ecb-president-christine-lagarde-defends-negative-interest-rates/

 

Turkish Crypto Exchange Exit Scam: CEO Flees Country, 62 People Detained, Users Cannot Access $2 Billion of Funds

https://news.bitcoin.com/turkish-crypto-exchange-exit-scam-ceo-flees-country-people-detained-users-cannot-access-2-billion-funds/

 

US State Passes Resolution Commending Satoshi Nakamoto and Bitcoin

https://news.bitcoin.com/us-state-resolution-commending-satoshi-nakamoto-bitcoin/

All 200 Cryptocurrency Exchanges Could Be Shut Down Under New Regulation in South Korea, Regulator Warns

https://news.bitcoin.com/all-200-cryptocurrency-exchanges-shut-down-new-crypto-regulation-south-korea/

Listen to the latest Bitcoin.com Weekly Update where we touch on the impending regulation of cryptocurrency in the US, an alternative to high ETH gas fees with Smartbch, Venmo’s new crypto trading feature, and more.

Bitcoin hashrate drops over 45%, price slides 10%

 

US SEC expected to impose 'fair amount' of regulation on crypto

 

US lawmaker warns not to ignore Bitcoin or America will fall behind

 

Paypal's Venmo launches crypto trading for 70 million users

Smartbch Developer explains project's potential

Links:

Main Story:

Bitcoin Hashrate Drops Over 45%, Xinjiang Grid Blackouts Blamed, BTC Price Slides 10%

https://news.bitcoin.com/bitcoin-hashrate-drops-xinjiang-blackouts-blamed-btc-price-slides/

 

US SEC Expected to Impose 'Fair Amount' of Regulation on Cryptocurrencies, Says Former Chairman

https://news.bitcoin.com/us-sec-to-impose-fair-amount-of-regulation-on-cryptocurrencies-former-chairman/

 

US Lawmaker Warns Treasury Secretary and Fed Chair Not to Ignore Bitcoin or America Will Fall Behind

https://news.bitcoin.com/us-lawmaker-treasury-secretary-fed-chair-not-to-ignore-bitcoin-america-will-fall-behind/

 

Paypal's Venmo Launches Crypto Trading for 70 Million Users to Buy and Sell Cryptocurrencies

https://news.bitcoin.com/paypals-venmo-launches-crypto-trading-70-million-users-buy-sell-cryptocurrencies/

Maximizing TPS: Smartbch Developer Explains Project's Potential, Metamask Capabilities Seen in the Wild

https://news.bitcoin.com/maximizing-tps-smartbch-developer-explains-projects-potential-metamask-capabilities-seen-in-the-wild/

Listen the latest Bitcoin.com Weekly Update where we touch on the FBI’s supposed use of BTC mixers, the latest in Craig Wright’s civil lawsuit, the SEC commissioner’s opinion on banning Bitcoin, and more.

 

HSBC changes crypto policy

Claims of FBI using Bitcoin mixers during BTC forfeiture processing

Civil Lawsuit against Craig Wright wants high court to rule against his Bitcoin white paper claims

SEC Commissioner: “banning Bitcoin is like shutting down internet”

Links:

Main Story:

HSBC Changes Crypto Policy, Now Bars Clients From Buying Stock of Companies That Hold Bitcoin

https://news.bitcoin.com/hsbc-crypto-policy-bars-clients-buying-stock-companies-hold-bitcoin/

Report Claims the FBI Uses Bitcoin Mixers During BTC Forfeiture Processing

https://news.bitcoin.com/report-claims-fbi-bitcoin-mixers-btc-forfeiture-processing/

 

Civil Lawsuit Against Craig Wright Wants High Court to Rule Against His Bitcoin White Paper Claims

https://news.bitcoin.com/civil-lawsuit-against-craig-wright-wants-high-court-to-rule-against-his-bitcoin-white-paper-claims/

 

SEC Commissioner: Banning Bitcoin Is Like Shutting Down Internet — Government Would Be 'Foolish' to Try

https://news.bitcoin.com/sec-commissioner-banning-bitcoin-shutting-down-internet-government-foolish-to-try/

Listen to the latest Bitcoin.com Weekly Update where we touch on declining interest in NFTs, Kevin O’Leary’s preference for “clean” Bitcoins, hackers targeting Github servers, and more.

 

2021 statistics show prices of goods and services have surged

 

NFT interest declines, finance author highlights NFT oversupply

Kevin O'Leary says institutions will not buy 'blood coins' from China

 

Hackers target Github server infrastructure to mine cryptocurrencies

 

Links:

Main Story:

2% Inflation Is a Myth- 2021 Statistics Show Prices of Goods and Services Have Surged

https://news.bitcoin.com/2-inflation-myth-2021-statistics-prices-goods-services-surged/

 

Non-Fungible Token Sales Begin to Dive, NFT Interest Declines, Finance Author Highlights NFT Oversupply

https://news.bitcoin.com/non-fungible-token-sales-begin-to-dive-nft-interest-declines-finance-author-highlights-nft-oversupply/

 

Shark Tank's Kevin O'Leary Will Only Buy 'Clean' Bitcoins — Says Institutions Will Not Buy 'Blood Coins' From China

https://news.bitcoin.com/kevin-oleary-buy-clean-bitcoins-institutions-blood-coins-from-china/

 

Hackers Target Github Server Infrastructure to Mine Cryptocurrencies

https://news.bitcoin.com/hackers-target-github-server-infrastructure-to-mine-cryptocurrencies/

Listen to the latest Bitcoin.com Weekly Update where we touch on the latest in Ripple’s lawsuit, the United States’ digital dollar prototype, Paypal’s new “checkout with cryptocurrency” feature, and more.

Billionaire hedge fund manager says government outlawing Bitcoin is 'a good probability'SEC vs. Ripple: US Judge Orders Both Parties from the XRP Lawsuit to Hold a Discovery ConferenceThe Fed plans to unveil digital dollar prototypes in July

Paypal launches 'Checkout With Crypto' feature

 

Links:

Main story: Billionaire Hedge Fund Manager Ray Dalio Says Government Outlawing Bitcoin Is 'a Good Probability'

https://news.bitcoin.com/billionaire-hedge-fund-manager-ray-dalio-government-outlawing-bitcoin/

SEC vs. Ripple: US Judge Orders Both Parties from the XRP Lawsuit to Hold a Discovery Conference

https://news.bitcoin.com/us-judge-orders-both-parties-from-the-ripple-lawsuit-to-hold-a-discovery-conference/

 

The Fed Plans to Unveil Digital Dollar Prototypes in July

https://news.bitcoin.com/fed-unveil-digital-dollar-prototypes/

 

Paypal Enables Cryptocurrency Payments at Millions of Stores With 'Checkout With Crypto' Launchhttps://news.bitcoin.com/paypal-cryptocurrency-payments-millions-of-stores-checkout-with-crypto-launch/

Listen to the latest Bitcoin.com Weekly Update where we touch on the latest update in John McAfee’s ‘crypto fraud’ trial, NFT criticism heightening, privacy concerns with the digital yuan, and more.

Mainstream adoption of Bitcoin growing

 

John McAfee's bodyguard pleads not guilty in $13M crypto fraud case

 

Skeptic claims NFTs will be 'broken in a decade'Deutsche Bank: Bitcoin is too important to ignore

 

Digital Yuan will lack anonymity 

 

Links:

Main story: Mainstream Adoption of Bitcoin Growing(examples: Visa, Paypal, Tesla, Xbox, Morgan Stanley)https://news.bitcoin.com/microsoft-is-surveying-its-xbox-users-about-adding-a-bitcoin-payment-option-to-the-store/

https://news.bitcoin.com/tesla-accepting-bitcoin-elon-musk-btc-payments/

https://news.bitcoin.com/visa-cryptocurrency-extremely-mainstream-bitcoin-use-70-million-stores/https://news.bitcoin.com/morgan-stanley-bitcoin-funds/

 

John McAfee's Bodyguard Pleads Not Guilty in the $13M Crypto Fraud Casehttps://news.bitcoin.com/john-mcafees-bodyguard-pleads-not-guilty-in-the-13m-crypto-fraud-case/

NFT Criticism Heightens: Skeptic Calls Tech a 'House of Cards,' Claims NFTs Will be 'Broken in a Decade'https://news.bitcoin.com/nft-criticism-heightens-skeptic-calls-tech-a-house-of-cards-claims-nfts-will-be-broken-in-a-decade/

 

Deutsche Bank: Bitcoin Now 3rd Largest Currency, Too Important to Ignore

https://news.bitcoin.com/deutsche-bank-bitcoin-3rd-largest-currency-too-important-to-ignore/

 

Digital Yuan Won't Be Fully Anonymous but Offers 'Controllable' Privacy Protection, Says Official

https://news.bitcoin.com/digital-yuan-wont-be-fully-anonymous-but-offers-controllable-privacy-protection-says-official/

Listen to the latest Bitcoin.com Weekly Update where we touch on a discovery in Africa showing gold’s scarcity is hard to prove, Visa’s anticipation for cryptocurrency’s entry into the mainstream, Jungle.net seeing an increase in sales of Bitcoin Cash NFTs, and more.

 

Economy's biggest risk is inflation

 

Discovery in Africa shows metal's scarcity is hard to prove

 

Visa anticipates cryptocurrency becoming 'extremely mainstream' 

 

Juungle.net sees increased sales of Bitcoin Cash NFT’s 

 

Links:

Main story:

 

Inflation Concerns Supersede Covid-19: 220 Investors Managing $650B Say Economy's Biggest Risk Is Inflation

https://news.bitcoin.com/inflation-concerns-supersede-covid-19-220-investors-managing-650b-say-economys-biggest-risk-is-inflation/ 

 

The Congolese Mountain of Gold: Surprise Discovery in Africa Shows Metal's Scarcity Is Hard to Prove

https://news.bitcoin.com/the-congolese-mountain-of-gold-surprise-discovery-in-africa-shows-metals-scarcity-is-hard-to-prove/

 

Visa Anticipates Cryptocurrency Becoming 'Extremely Mainstream' — Working to Allow Bitcoin Use at 70 Million Stores

https://news.bitcoin.com/visa-cryptocurrency-extremely-mainstream-bitcoin-use-70-million-stores/

 

https://www.reddit.com/r/btc/comments/m5fzq3/noisecash_pays_out_100000_a_month_in_bch_just_for/

Listen to the latest Bitcoin.com Weekly Update where we touch on controversy around tokenizing tweets like NFTs, Biden’s latest and largest stimulus payment, Tesla’s Bitcoin position, and more.

 

Blockchain-certified tweet sales spark NFT controversy

 

Biden's $2 trillion relief package the largest stimulus payments to-date

IRS launches plan to target unreported crypto income

 

Critics claim Tesla should sell Bitcoin position

 

Links:

Main story:

Selling Social Media Posts for $1.5 Million? Blockchain-Certified Tweet Sales Spark NFT Controversy

https://news.bitcoin.com/selling-social-media-posts-for-1-5-million-blockchain-certified-tweet-sales-spark-nft-controversy/

Biden's $2 Trillion Relief Package the Largest Stimulus Payments to-Date, Plan Showers Money on the Bureaucracy

https://news.bitcoin.com/bidens-2-trillion-relief-package-the-largest-stimulus-payments-to-date-plan-showers-money-on-the-bureaucracy/

 

IRS Launches 'Operation Hidden Treasure' to Target Unreported Crypto Income

https://news.bitcoin.com/irs-operation-hidden-treasure-unreported-crypto-income/

 

Critics Claim Tesla Should Sell Bitcoin Position, Electric Vehicle Firm's Shares Down 30% Since Buying

https://news.bitcoin.com/critics-claim-tesla-should-sell-bitcoin-position-electric-vehicle-firms-shares-down-30-since-buying/

Citigroup says “Bitcoin is at a tipping point”

 

Shark Tank's Kevin O'Leary reverses stance on Bitcoin

Listen to the latest Bitcoin.com Weekly Update where we touch on retail giant Rakuten allowing crypto payments, Shark Tank’s Kevin O’Leary’s newest stance on Bitcoin, a huge system error at a Philippine crypto exchange, and more.

 

Rakuten allows loading payment app with cryptocurrencies

 

Mad Money's Jim Cramer has plan to save Gamestop with Bitcoin

 

Philippine crypto exchange has huge system error, sells Bitcoin at $6,000

 

Links:

Main story:

Citigroup: Bitcoin Is at a Tipping Point, Could Become Preferred Currency for International Trade

https://news.bitcoin.com/citigroup-bitcoin-tipping-point-preferred-currency-international-trade/

Shark Tank's Kevin O'Leary Reverses Stance on Bitcoin, Says Crypto Is Here to Stay, Invests 3% of His Portfolio

https://news.bitcoin.com/shark-tanks-kevin-oleary-bitcoin-cryptocurrencies-here-to-stay-invests-portfolio/

 

Online Retail Giant Rakuten Allows People to Load Payment App With Cryptocurrencies

https://news.bitcoin.com/online-retail-giant-rakuten-allows-people-to-load-payment-app-with-cryptocurrencies/

 

Mad Money's Jim Cramer Has a Plan to Save Gamestop With Bitcoin

https://news.bitcoin.com/mad-moneys-jim-cramer-plan-save-gamestop-bitcoin/

 

Philippine Crypto Exchange Demands Users Return Bitcoin Bought at $6,000 Following System Error

https://news.bitcoin.com/philippine-crypto-exchange-demands-users-return-bitcoin-bought-at-6000-following-system-error/

Watch the latest Bitcoin.com Weekly Update where we touch on Russell Okung’s crypto salary, Bill Gates’ neutral stance on Bitcoin, Binance’s temporary ETH withdrawal suspension, and more.

 

00:15 Does Bitcoin have intrinsic value?

02:26 Bill Gates neutral on Bitcoin

04:17 Binance suspends Ethereum and ERC-20 token withdrawals

05:30 Moeing Chain: a Bitcoin Cash Sidechain with Ethereum style smart contract compatibility

06:54 Paid in Bitcoin: NFL Russell Okung considered highest paid in league

 

 

Links:

Main story:

Bitcoin Has No Intrinsic Value, Asset Is Too Volatile, Says Bank of Korea Governor

https://news.bitcoin.com/bitcoin-has-no-intrinsic-value-asset-is-too-volatile-says-bank-of-korea-governor/

Paid in Bitcoin: NFL Offensive Tackle Russell Okung Considered the Highest Paid in the League

https://news.bitcoin.com/paid-in-bitcoin-nfl-offensive-tackle-russell-okung-considered-the-highest-paid-in-the-league/

 

Bill Gates Neutral on Bitcoin but Says Cryptocurrency Is an Innovation the World Can Do Without

https://news.bitcoin.com/bill-gates-bitcoin-cryptocurrency/

 

Binance Suspends Ethereum and ERC-20 Token Withdrawals Before Quickly Reversing Course

https://news.bitcoin.com/binance-suspends-ethereum-and-erc-20-token-withdrawals-before-quickly-reversing-course/