The price of the first cryptocurrency has fixed above $30,000, KuCoin will introduce mandatory user verification, MicroStrategy has additionally acquired 12,333 BTC for $347 million, and other events of the outgoing week.
Bitcoin fixes above $30,000
This week, the first cryptocurrency was trading in the range of $30,000 to $31,000, showing little volatility. At the time of writing, the price of bitcoin is $30,500. Over the past week, the asset has fallen in price by 0.2%.
Hourly BTC/USDT chart on Binance exchange. Data: TradingView.
Most of the top 10 digital assets by capitalization did not show significant dynamics. Litecoin has noticeably risen in price over the week, adding 25%.
Data: CoinGecko.
The total capitalization of the cryptocurrency market exceeds $1.2 trillion. The Bitcoin dominance index is 51.2%.
What’s up with Binance?
Bitcoin exchange Binance considers the UAE as a “key point” for its business. The company’s regional manager, Alex Cheheid, described the country as a key growth area for the digital asset industry with a regulatory-friendly environment.
The platform refused to delist anonymous tokens in France, Italy, Poland and Spain. On June 26, Binance was preparing to remove a number of privacy coins from the list.
According to media reports, the exchange withdrew the application for a license in Austria. The sources also said that the German Federal Financial Supervisory Authority will not grant permission to Binance to provide custody services for cryptocurrencies.
MicroStrategy Acquires 12,333 BTC for $347M
From April 29 to June 27, analytics software provider MicroStrategy purchased an additional 12,333 BTC worth $347 million at an average price of $28,136.
At the time of writing, MicroStrategy owns 152,333 BTC worth approximately $4.52 billion at $29,668.
KuCoin will introduce mandatory user verification
Cryptocurrency exchange KuCoin has announced new rules for user verification (KYC). They will go into effect July 15th.
Existing users will only be able to access spot sell and withdrawal orders. KuCoin will block deposits, as well as impose restrictions on margin and futures accounts, KuCoin Earn services and ETFs.
What to discuss with friends?
Sam Bankman-Fried spent $243 million on Bahamian villas. The volume of trading launched on Ethereum analogue of Ordinals exceeded $1 million. Twitter introduced limits on viewing posts for all users. A U.S. court ordered Kraken to hand over customer information to the tax authorities.
Experts estimate the income of airdrop hunters
The average revenue for a standard airdrop hunter was $9384 per address (median $6497). The premium segment has the corresponding figures of $18,935 and $14,288, according to a joint study by X-explore and journalist Colin Wu.
Experts noted that after the Uniswap airdrop in 2020, the strategy of rewarding early adopters with tokens gained popularity in the Web3 industry.
US Presidential Candidate Expresses Commitment to Bitcoin
The nephew of the 35th President of the United States and a participant in the current election race, Robert Francis Kennedy Jr., promised to defend the right of citizens to freely own and use the first cryptocurrency.
“Bitcoin is not only a bulwark against totalitarianism and manipulation of our money supply, it points the way to a future in which state institutions will be more transparent and democratic,” the politician said.
Kennedy wants not only to legalize digital gold, but also to introduce it into the daily lives of US citizens. Earlier, he promised to make decisions that “support bitcoin and freedom of transactions, allowing people to manage their wallets, nodes and passwords.”
CEO Circle: Hong Kong will become the center of the digital asset market
Circle CEO Jeremy Allair said that Hong Kong will strengthen its position in the market for digital assets and stablecoins. According to him, this can serve as an example for mainland China.
Circle’s CEO said he is closely monitoring changes in Hong Kong’s regulation after the new rules come into effect, as the region “is of great interest.”
Also on ForkLog:
Bitcoin mining difficulty decreased by 3.26%. Fidelity Investments has filed an application to launch a Bitcoin ETF. Cryptocurrencies in the Russian Federation will be taken under “serious control” after legalization.
A group of programmers proposed a plan for the revival of Terra Classic
A team of six Terra Allies 6/6 engineers unveiled a plan to revive the Terra Classic ecosystem.
This is the original network created by Terraform Labs. It continued to exist as an independent blockchain after the collapse of the project in May 2022 and the launch of Terra 2.0. At the time of writing, the capitalization of the Terra Luna Classic (LUNC) token is ~$506 million (CoinGecko).
A group of engineers also calling themselves the Six Samurai have offered the community $116,000 for them for the third quarter of the year. For this amount, programmers are ready to continue working on the project.
Vitalik Buterin expressed support for projects affected by the SEC
Ethereum co-founder Vitalik Buterin is “sorry” for many crypto projects, as they have come under attack from the US Securities and Exchange Commission.
“They don’t deserve it. If Ethereum ends up “winning” due to the fact that all other blockchains are forced out of the exchanges, this is not the most worthy way to win, and in the long run, this is probably not a victory at all,” he wrote.
Buterin wished that “all worthy projects” achieve a fair outcome in the current situation.
What else to read?
The cards talked about convolutional neural networks and creating a cryptocurrency portfolio. We have prepared a calendar of important events for July. The traditional digest collected the main events of the week in the field of cybersecurity.
The decentralized finance sector continues to attract increased attention from cryptocurrency investors. ForkLog has collected the most important events and news of recent weeks in a digest.
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ForkLog Newsletters: Keep your finger on the pulse of the bitcoin industry!
2023-07-02 17:02:58
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