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Daily News Headlines | Latest Crypto News (7th 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


China’s Central Bank Suspends a Software Firm Due to Alleged Crypto Trading

The Chinese central bank’s Beijing branch has issued a suspension order for Beijing Qudao Cultural Development Co Ltd, a local software firm. The business was reportedly involved in Bitcoin trading, according to a Reuters investigation.


Hedge Fund Firm Marshall Wace Intends to Enter the Crypto Market

According to the Financial Times, Marshall Wace, a UK hedge fund business with over $55 billion in assets under management, intends to enter the cryptocurrency market. Marshall Wace also took part in a $440 million financing round for Circle, the US-based business behind USD Coin, in May.


Michael Saylor Says Bitcoin Volatility Will Always Hurt Some Traders

MicroStrategy CEO, Michael Saylor opines that Bitcoin‘s volatility will always disappoint investors who lack a broader view of its technology and base their decisions on pure speculation. Saylor, a longstanding Bitcoin proponent, discussed the threats and prospects for the global crypto economy during an interview with Sven Henrich from the Northman trader.


India’s Finance Minister Says Cryptocurrency Bill is Ready for the Cabinet

In an interview with Businessline released last week, India’s Finance Minister Nirmala Sitharaman said the country’s cryptocurrency bill is ready for the cabinet. The Indian parliament has already approved legislation to establish an official digital currency. The measure aims to make all private cryptocurrencies illegal in the country.


RNC Systems Attacked by Russian Government Hackers

Russian government hackers attacked Republican National Committee’s(RNC) computer systems last week. The hack coincided with a massive ransomware attack organized by a Russia-linked group, according to two sources familiar with the issue.