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.
Ethereum Co-Founder Anthony Di Iorio is Bullish on Cardano and Polkadot
Anthony Di Iorio, the co-founder of Ethereum and CEO of blockchain company Decentral and Jaxx wallet, said in an interview that he believes in the potential of Cardano (ADA) and Polkadot (DOT). Notably, both the projects are led by the other Ethereum co-founders such as Cardano founder Charles Hoskinson and Polkadot’s current CEO Gavin Wood.
World’s First Summit on Decentralized Finance to Kick Off on June 14
The world’s first-ever summit dedicated to decentralized finance is expected to kick off on June 14 at 9 am Pacific Time. DeFi summit is a virtual conference that gives participants free access to talks, roundtable discussions, and presentations taking place over a week. This time around, the conference will focus on DEX, wallets, DAOs, NFTs, insurance, and lending.
Elon Musk is planning to reconsider BTC payments at Tesla and underlined a threshold of 50% renewable energy usage to resume Bitcoin transactions at the company. Musk disclosed Tesla’s plans to resume BTC transactions while reacting to accusations leveled by Magda Wierzycka, CEO of cyber technology firm Sygnia.
ack Dorsey, the co-founder, and CEO of social media giant Twitter is upbeat about Bitcoin’s future in Nigeria, despite the Central Bank of Nigeria(CBN) ban prohibiting financial institutions from dealings with crypto exchanges. Dorsey revealed his hopes for the largest cryptocurrency in direct response to NFL star Russell Okung’s open letter in Bitcoin Magazine.
On-Chain Suggests Bitcoin may Touch $85K, Indicates Bullish Pattern
In accordance with the On-chain data, Bitcoin is making a base for recovery just like the asset did back in December 2018 and March 2020. The new report suggests that though BTC is still below a key moving average, signs of a rebound from this point have finally arrived.
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