Daily News Headlines | Latest Crypto News (23rd 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.

Peter Schiff Says Tether Could Surpass ETH, Become 2nd Largest Crypto

Bitcoin critic Peter Schiff took to his Twitter account to point out that USDT could easily take the second spot among the top ten cryptocurrencies, should ETH lose all its gains made in 2021. Schiff, a staunch BTC critic, believes that Bitcoin is also poised to lose its annual gains.

Mike Novogratz Remains Bullish Despite Bitcoin Falling Below $30,000

Crypto investor and CEO of Galaxy Digital, Mike Novogratz is still optimistic about Bitcoin over the long-term, despite the cryptocurrency falling down to $30,000. He remains confident that we are way past behind to see a price crash of that level ($30,000) again saying the ecosystem is so much more mature now.

El Salvador’s Opposition Party Drags Bukele’s Bitcoin Law to Court

The deputy leader of El Salvador’s opposition party, Farabundo Marti National Liberation Front(FMNL), has filed a lawsuit against the country’s recently adopted Bitcoin legislation. The party has joined forces with a group of citizens who allege that the law is unconstitutional.

Bitcoin Plummets Below $30,000 Support As China Vows Crackdown

Bitcoin(BTC) wiped all its gains for the year as it dropped below the $30,000 support level amid concerns over the broader crackdown on crypto trading and mining in China. The currency crashed below its May price bottom and shed as much as 12%, failing to recapture its last week’s high of $40,000.

SEC Delays VanEck’s Bitcoin ETF Approval as Customer Demand Soars

The Securities and Exchange Commission(SEC) delayed its approval of VanEck’s Bitcoin ETF in a Wednesday filing for a second time. Meanwhile, the CEO of VanEck urged the commission to fast-track the approval of an exchange-traded fund as customer appetite for Bitcoin ETFs grows.