#Bitcoin #TerraUSD #Nayibbukele

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Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://bitcoinist.com/bitcoin-mining-companies-and-their-profitability/

Bear Market Outlook: Public Bitcoin Mining Companies And Their Profitability

As the market inches towards what looks to be a bear market, bitcoin investors are looking towards other blockchain avenues to weather what is expected to be a long winter. Public bitcoin miners are one of the avenues that grew to prominence through the bull rallies of 2021. The growth of the value of their stocks during this time had drawn investors to them, and as the market slows down, we take a look at which of these public miners are best positioned to weather a crypto winter.

https://www.euronews.com/next/2022/06/01/terra-collapse-regulators-eye-stablecoin-safeguards-and-capital-rules-for-banks-crypto-hol?utm_source=flipboard.com&utm_campaign=feeds_money&utm_medium=referral

Terra collapse: Regulators eye stablecoin safeguards and capital rules for banks' crypto holdings

Global regulators plan to complete work by the end of the year on how much capital banks should hold to cover crypto assets on their books.

Financial watchdogs are trying to catch up with fast-moving developments in crypto markets, whose extreme volatility in recent weeks has caused huge losses for some users.

Last June, the Basel Committee on Banking Supervision proposed that banks set aside enough capital to cover losses on any Bitcoin holdings in full.

https://bitcoinist.com/block-bitcoin-knowledge-perceptions-pt-1-inclusion/

Analyzing Block’s “Bitcoin: Knowledge and Perceptions” Pt 1.- Income & Inclusion

The new Block report, “Bitcoin: Knowledge and Perceptions,” is a tour de force. A massive online survey turned into surprising data. The phenomenally-designed publication challenges several assumptions that the public has about bitcoin. Block’s intention with it is to “provide a resource for decision makers to better understand people’s knowledge and perceptions of bitcoin across different geographies, genders, and ages.”

https://decrypt.co/101832/doj-sentences-father-son-team-for-laundering-weed-cash-with-btc

Father-Son Duo Sentenced for Laundering Cash with Bitcoin in Weed Scheme

Pair convicted of laundering over $100,000 from sales using Bitcoin and dark web

Unlicensed company manufactured hash oil and other marijuana products

https://slate.com/technology/2022/05/bitcoin-el-salvador-nayib-bukele.html?via=rss_flipboard

Can El Salvador Save Its Risky Bitcoin Gamble?

On June 7, 2021, El Salvador President Nayib Bukele announced an audacious plan: to make Bitcoin legal tender.

Anna-Cat Brigida is a reporter who covers Latin America. She lives in Honduras now, but was based in El Salvador when Bukele made his announcement. From there, Brigida says, everything went at full speed. Within 90 days El Salvador had to build its own Bitcoin wallet, install Bitcoin ATMs, and sell the country’s population on the idea of Bitcoin—an idea that had been brought there by expat crypto enthusiasts, and embraced by President Bukele. Despite the buildup, m many small businesses are still not able to accept Bitcoin payments. And now the price of Bitcoin has dropped by roughly 37 percent since September. That means El Salvador’s holdings of the cryptocurrency have plummeted. 

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

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DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

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