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Daily News Headlines | Latest Crypto News (7th June) | Cryptoknowmics

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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. 

Bitcoin Struggles to Cross $40,000, GBTC Indicates Bearish Sentiment 

Bitcoin is struggling to surpass the $40,000 mark again, after crossing it for a short period on May 26. The digital currency is currently trading near the $36,000 price, a level that points to a 44% decline since its peak price of $64,889 on April 14. 

El Salvador Plans to Make Bitcoin As Legal Tender 

El Salvador may become the first country in the world to accept Bitcoin as legal tender as announced by the country’s President Nayib Bukele in a recorded message played at the Bitcoin conference in Miami on 5th June 2021. Partnering with digital wallet Strike, Bukele is said to help the country become the first nation in the world to legally accept Bitcoin as legal money. 

Square to Invest in Blockstream’s Solar-Powered BTC Mining Facility 

Financial services and digital payments company, Square is partnering with blockchain technology firm Blockstream to build a solar-powered Bitcoin mining facility. The environment-friendly initiative is an attempt at reducing bitcoin’s carbon footprint.  

Asset Management Firm Ruffer Reveals Selling All of its Bitcoin Holdings 

A report by The Times has recently revealed that Ruffer, the asset management firm based in the United Kingdom has sold all of its Bitcoin holdings worth $1.1 billion. The investment Director claims that the firm does not rule out investing in the flagship currency in the future. 

Hacker Group Anonymous Warns Elon Musk Over Crypto Tweets 

Tesla CEO Elon Musk has been allegedly warned by international hacktivist group, Anonymous due to his tweets that led to the crash of Bitcoin and other cryptocurrencies. The international hacktivist group has been previously linked for conducting cyberattacks on police departments, politicians, financial companies.