Today I have 3 really awesome news pieces to kick off the end of the week!
Once again, if you want to hear all about it, please make sure stay right until the very end. Once again, today is the last day to go into the draw to win…drum roll please guys, $70 worth of Bitcoin tokens. We will announce the winner tomorrow by drawing out a video, and then draw a winner from the video. Good luck to you guys all!
Moving onto the market today. As you guys can see here in the top 10, there is a mix of greens and red in the market. Bitcoin is still in top place, increasing by 1.46%. Just before I continue with its increase – guys, I want to also state here that Bitcoin’s price is at $9,265 and at this rate, will reach $10,000 very soon! Ethereum’s Ether is in second place, increasing by 0.26% and finally Ripple’s XRP is falling by 0.98%. Now moving to the top 20, you can see here that there are no major increases or decreases across the board.
Now let’s look at the news! First up, we have news from the Head of the Central Bank of Russia. According to Ethereum World News, the head of the Central Bank of Russia mentioned that cryptocurrencies are more convenient than cash and that society is ready for adoption. Although cryptocurrencies are mentioned a lot in geopolitics, the Bank of Russia is currently considering the possibility of issuing a national cryptocurrency. According to Elvira Nabiullina, the head of the Central Bank of Russia, she highly praised the technology behind cryptocurrencies.
Now moving on, it looks like US Residents will lose access to many altcoins on Binance beginning in September. The report from CryptoPotato shows, as you can see on this table here, that many cryptocurrencies will no longer be available to US citizens. Unfortunately for these endangered exchange tokens, they will most likely experience a large drop in volume.
Now moving on, the last news item for the day, the Senate banking committee sets hearing on Facebook’s cryptocurrency token for July 16. It looks like the Banking Committee of the United States Senate will hear the testimony on Facebook’s LIbra cryptocurrency Project on July 16.
“Given the company’s troubled past, I am requesting that Facebook agree to a moratorium on any movement forward on developing a cryptocurrency until Congress and regulators have the opportunity to examine these issues and take action.” On July 16, the Banking Committee will hold a hearing called “examining Facebook’s proposed digital currency and data privacy considerations.”
So what are your thoughts about this situation?
Do you think that Russia will have its own national crypto anytime soon?
What about Binance’s removal of altcoins for US citizens?
And finally, thoughts about the US Government jumping in to hold a hearing about Facebook’s Libra token?
Once again guys, if you want to go into the draw to win $70 worth of Bitcoin, don’t forget to like, comment, and subscribe. It’s your girl Cindy with Cryptopig – I’ll see you guys next week!!
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