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Daily News Headlines | Latest Crypto News (5th July) | 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.

 

Michael Saylor Equates Dogecoin Investment to Gambling in Las Vegas

 

MicroStrategy CEO Michael Saylor equated Dogecoin investment to gambling and playing Russian roulette in Las Vegas in an interview with NorthmanTrader’s Sven Henrich on July 3. However, the millionaire feels that gambling on meme stocks or meme cryptocurrency is not immoral as long as it does not impoverish your family.

 

Bitcoin Soars to $35,000 as Whales Accumulate 60K BTC

 

Following weeks of volatility, Bitcoin(BTC) price recorded upward momentum during this weekend as it climbed by over 5%. The flagship cryptocurrency broke past the $35,000 support with major assistance from whales who added 60,000 coins to their wallets in the largest daily accumulation of 2021.

 

Ether Surges to a 2-Week High as Traders Remain Positive About Update

 

Ether(ETH) bulls seem to be in firm control of the currency’s price as it jumped over 6.5% on Sunday to reach a two-week high of $2,370. The second-largest crypto is due for an update, dubbed the London hard fork, which will be implemented later in July.

 

XRP and Ether Investors Lead Crypto Owners in Education: BIS Report

 

A report published by the Bank for International Settlements(BIS) found that investors holding XRP or Ether surpassed other crypto owners in terms of education. The report titled “Distrust or speculation? The socioeconomic drivers of US cryptocurrency investments”, studied various factors that contributed to American retail investors’ inclination towards digital assets.

 

Japan’s Digital Yen Plans Will Look Clearer in 2022: Ruling Party Official

 

According to a ruling party official overseeing the digital yen, Japan will gain more clarity on its central bank digital currency(CBDC) by next year. The country launched an experiment into a state-mandated e-currency in April, with a focus on competing with counterparts like China, who are further along in the process.