Daily News Headlines | Latest Crypto News (8th 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.
Trump Asserts Bitcoin is a Scam, Labels it a Threat to Dollar
Former President Donald Trump fired a fresh salvo at Bitcoin, urging U.S. regulators to monitor the digital currency. Trump appeared on the Fox Bussiness Network for an interview with Stuart Varney on Monday. During the interview, he claimed that Bitcoin is a “scam against the dollar.”
SkyBridge Reinforces Support for Bitcoin, Suggests it’s Better than Gold
Investment firm SkyBridge Capital is betting big on Bitcoin. During a telephonic interview given to Bloomberg, the company’s Co-Chief Investment Officer, and senior portfolio manager, Troy Gayeski revealed that the $7.5 billion hedge fund remained optimistic about gold prices but is likely to invest more in its digital equivalent — Bitcoin.
The MIIT of China Issues Guidelines for Blockchain Development
China’s Ministry of Industry and Information Technology (MIIT) and the Office of the Central Cyberspace Affairs Commission has jointly published a set of guidelines to boost the country’s development of blockchain technology. The guidelines are published to fix China’s cybersecurity issues, reform its IT industry, and make the country’s blockchain industry-ready by 2025.
MicroStrategy to Raise $400 Million in Debt to Buy More Bitcoin
Business analytics firm MicroStrategy revealed in a regulatory filing on Monday that it expects to suffer a loss of $284.5 million in the second quarter due to last month’s Bitcoin crash. Nevertheless, the company that sits on a $1.5 billion stockpile of BTC, is attempting to raise more money in debt to increase its existing reserves.
Vitalik Buterin Responds to Elon Musk’s “He fears the Doge” Comment
Appearing on episode #188 of the “Lex Fridman Podcast” on June 4, the Co-Founder of Ethereum blockchain, Vitalik Buterin addressed Elon Musk’s ‘he fears the doge’ comment on him, including the potential future of interoperability between Dogecoin and Ethereum. He also added that if Doge could be added to the Ethereum bridge that would be amazing.