Billionaire Ray Dalio says Chinese ‘digital’ yuan could compete with BitcoinThe global crypto market cap is $1.63 trillion with a 24-hour volume of $114.33 billion. The price of Bitcoin is $37,107.56 and the BTC dominance is at 42.6%.
by Shaurya Malwa Bridgewater Associates founder and CEO Ray Dalio says Bitcoin can see traction in the years to come, but that the digital version of Yuan, China’s national fiat currency, could ‘compete’ with it. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. More news ⏬Reserve Bank of India slams banks after they stop services for crypto usersThe Reserve Bank of India, the country’s central bank, released a new directive today after local banks ceased crypto services for users citing a directive from 2018, an official filing shows. Economist Intelligence Unit’s report shows trends behind the increased acceptance of cryptocurrenciesWhile cryptocurrency has been around for quite some time now, a stratospheric rise in its use has materialized over the last year, primarily due to the pandemic. Flash loan attack on DeFi platform ‘Belt Finance’ sees $6.2 million goneBelt Finance, a decentralized finance (DeFi) platform based on smart contract network Binance Smart Chain (BSC), became the latest project to fall victim to a flash loan attack, losing over $6.2 million worth of tokens in the process. China: Crypto traders turn to OTC platforms amidst Bitcoin crackdownMillionaires in China are turning to over-the-counter services to trade and buy Bitcoin and other cryptocurrencies even as the local government says it would crackdown on the sector, as per a report on business outlet Bloomberg today. ‘I felt like a moron’ for not buying Bitcoin, says billionaire Stanley DruckenmillerBillionaire investor Stanley Druckenmiller has recently explained why invested only $20 million in Bitcoin (BTC), skeptical of Ethereum (ETH), and prefers to pretend that Dogecoin (DOGE) doesn’t exist at all. Early Ethereum designer to host DeFi Whiteboarding Weekend in the Bay AreaThe Bay Area will be host to a new event, Defi Discussions Whiteboarding Weekend, focused on whiteboarding with “some of the brightest folks in the Bay Area DeFi scene”. China’s state-run media slams Bitcoin trading, calls for stricter supervisionFollowing the Bitcoin mining debacle that originated from China earlier this week, Xinhua News, the official state-run press agency of the People’s Republic of China, published a new article today, highlighting the risks of cryptocurrency trading. Police drone finds illegal Bitcoin mine while searching for weed farmIn a bizarre case, UK police busted an illegal Bitcoin mining operation while trying to weed out cannabis operations, local daily Birmingham Live reported today. Bitcoin farm in Montana to use solar energy for miningMontana cryptocurrency miners are backing the Basin Creek Solar Project, a 300 megawatt solar array farm in Butte, to supply energy for an expanding data center, reported local news Montana Standard. Headed to Bitcoin Miami June 4?Join the free afterparty hosted by Crypto Briefing. Admission: CBMIAMI2021 Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🔥 Trending Sectors
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