Daily News Headlines | Latest Crypto News (12th June) | Cryptoknowmics
Here are the top 5 crypto news for the day!
Let’s dive into the news headlines one by one and see how they’ll be affecting the crypto space as we know it, in the coming days.
El Salvador’s BTC Adoption May Have Unintended Impact: JPMorgan
One of the world’s largest investment banks, JPMorgan Chase & Co. is lukewarm towards El Salvador’s BTC adoption. The institution sees no economic benefits in the legislation and believes that it may complicate the country’s negotiation terms with the International Monetary Fund(IMF).
Billionaire Claims Elon Musk Manipulates Crypto Market for Personal Gains
South African Billionaire, Magda Wierzycka has accused Elon Musk of toying with crypto prices through controversial tweets. The founder of cyber technology firm Sygnia has slammed Musk’s irresponsible actions for the recent fluctuations in Bitcoin prices.
Dutch Official Slams Bitcoin, Calls for Complete Ban
https://www.cryptoknowmics.com/news/dutch-official-slams-bitcoin-calls-for-complete-ban/
Pieter Hasekamp, director of the Dutch Bureau of Economic Analysis, joined a growing chorus of global authorities demanding a blanket ban on Bitcoin. In an essay entitled “The Netherlands must ban Bitcoin”, the official argues that the Dutch government must ban the mining, trading, and holding of BTC with immediate effect.
Bitcoin Weekly Chart Appears to be in the Green Zone
https://www.cryptoknowmics.com/news/bitcoins-weekly-chart-appears-to-be-in-the-green-zone/
The weekly chart of Bitcoin (BTC) appears to have entered the green zone for the first time in a while, with 24 hours gain of 2.4% and a weekly price gain of 1.4%. This signals that the price of the digital asset is soon gearing for an upwards bullish momentum in the near future.
Thailand SEC Prohibits Crypto Exchanges from Handling NFTs
The Securities and Exchanges Commission(SEC) of Thailand has ratified fresh guidelines prohibiting crypto exchanges from supporting NFTs, among four different types of tokens. The new set of rules would bar cryptocurrency exchanges in the country from supporting certain types of digital assets.