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Daily News Headlines | Latest Crypto News (25th 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.

 

Eric Adams Wants to Make New York a Bitcoin Hub to Compete With Miami

 

New York City’s top Democratic mayoral candidate Eric Adams has stated that within one year he would make the city into a Bitcoin hub to compete with Miami as the centerpiece of America’s crypto culture. If Adams is elected and follows through on his vow to transform New York City into a Bitcoin hub, the city will compete with Miami as the heart of the US crypto community.

 

Crypto Lender Celsius Ceases UK Operations as FCA Tightens Rules

 

Crypto lending and borrowing platform Celsius has announced that it will cease operations in the United Kingdom, owing to the ongoing regulatory uncertainty. The news followed the fresh warning from the Financial Conduct Authority (FCA), which cited 111 crypto firms doing business without registration.

 

Andreessen Horowitz Launches $2.2 Billion Crypto Fund

 

The Silicon Valley venture capital firm Andreessen Horowitz, also known as a16z, has raised $2.2 billion for a new crypto fund. This the company’s third crypto fund, which according to its announcement is the largest of its kind.

 

Bitcoin Has ‘Few Redeeming Public Interest Attributes,’ As Per BIS

 

In its Annual Economic Report, the Bank for International Settlements (BIS) slammed Bitcoin, stating that it offers minimal benefits. Furthermore, the BIS singled out Bitcoin for its high energy consumption, which has already been shown to be larger than other countries’ yearly energy use.

 

Winklevoss’ Gemini Buys Carbon Credits to Offset Emissions

 

Gemini, a leading cryptocurrency exchange run by Cameron and Tyler Winklevoss, has purchased carbon credits to offset the emissions of its Bitcoin holdings. On Thursday, the company announced that it was incorporating climate-consciousness in its long-term initiatives and consequently partnering with Climate Vault, a nonprofit established by the University of Chicago.