A daily roundup of the hottest articles on cryptocurrencies like BItcoin, Ethereum, and Tether to help start your day.Top Cryptocurrency News in June
Major stories on Bitcoin, Dogecoin and digital cash
A daily roundup of the hottest articles on cryptocurrencies like BItcoin, Ethereum, and Tether to help start your day.
Top Cryptocurrency News on June 18
- Top Cryptocurrency Prices Today on June 18
- Tesla, El Salvador, and Cbdcs: Has Bitcoin's Moment of Truth Come?
- Iconic 'Doge' Meme Becomes Most Expensive Nft Meme Ever Sold at $ 4 Million
- NCB Arrests Mumbai's 'Cryptoking' Who Provided Bitcoins to Purchase Drugs on Dark Web
- Implications of El Salvador's Appointment with Bitcoin
- Wazirx Announces Partnership with Sonyliv for Uefa Euro 2020
Top Cryptocurrency Prices Today on June 18
Cryptocurrency prices continue in the red on June 18. The global cryptocurrency market capitalization is $ 1.57 trillion, a drop of 2.39 percent over the last day, while the total volume of the cryptocurrency market in the last 24 hours was $ 78.55 billion. , a decrease of 11.89 percent. The volume of all stablecoins is now $ 61.42 billion - 78.19 percent of the total volume of the crypto market in 24 hours. Bitcoin's price is currently at $ 37,473.16 and its dominance is currently 45.10 percent, a decrease of 0.05 percent in one day. This came after the World Bank said on June 17 that it could not help El Salvador's implementation of bitcoins given environmental and transparency issues.
Tesla, El Salvador, and Cbdcs: Has Bitcoin's Moment of Truth Come?
Recently, El Salvador almost became a savior of Bitcoin, when it officially approved it as legal tender along with the US dollar. However, this barely made up for the sharp drop in price triggered by electric car maker Tesla's announcement last month that it will no longer accept cryptocurrency as payment, due to environmental concerns. Thus, the situation exposes the inherent rift in Bitcoin's armor, as the market appears to have sidelined the embrace of an entire country, however small. It is not difficult to see why.
Iconic 'Doge' Meme Becomes Most Expensive Nft Meme Ever Sold at $ 4 Million
The extremely popular "Doge" meme, an image of a Shiba Inu, was sold as a non-expendable token (NFT) for $ 4 million. The auction winner, whose Twitter username is @pleasrdao, bid for 1,696.9 of the cryptocurrency Ethereum, making it the most expensive meme NFT has ever sold. The meme, widely shared on the internet, had notably inspired the cryptocurrency Dogecoin.
NCB Arrests Mumbai's 'Cryptoking' Who Provided Bitcoins to Purchase Drugs on Dark Web
The Narcotics Control Bureau (NCB) arrested a Mumbai resident who provided Bitcoins to drug dealers for buying narcotics on the dark web, an official said. Known as the 'cryptoking' - Makarand P Adivirkar, was arrested for allegedly providing Bitcoins for the purchase of LSD, a psychotropic substance, to a street vendor in November 2020. NCB detectives discovered that Adivirkar provided Bitcoins to those people in exchange of cash. the official said, adding that more investigations were underway.
Implications of El Salvador's Appointment with Bitcoin
The Bahamas and El Salvador became unlikely winners of two major digital money-related races. While The Bahamas became the first country to issue a central bank digital currency (CBDC), El Salvador became the first to allow Bitcoin as legal tender. While the race for CBDC has been going on for a while, there was no such race for Bitcoin. In many ways, the race to convert Bitcoin to legal tender had great potential, but it was still an empty field. With El Salvador becoming the first to enter the race track, how should we view this policy?
Wazirx Announces Partnership with Sonyliv for Uefa Euro 2020
WazirX, will be the co-host sponsor of the UEFA EURO 2020 live stream on SonyLIV. WazirX said it wants to meaningfully engage with an expanding crypto community to educate and take advantage of the growing interest and enthusiasm for crypto investment in India and this partnership offers "widespread visibility among Indian soccer fans, millions of whom are young, tech-savvy people who are expected to watch the games online this season. "
WazirX is India's largest crypto exchange and surpassed $ 6.2 billion in terms of monthly transaction volume in May 2021. The company says it "aims to democratize the opportunity to engage in crypto."