TheWorldNewsOrg

World Economic Forum, "The percentage of identified illicit activity among all cryptocurrencies [...] was less than 1%. This compares with estimates of illicit activity in the economy as a whole, which are on the order of 2-4% of global GDP"

https://www.weforum.org/agenda/2021/06/cryptocurrencies-financial-inclusion-help-shape-it

That’s not in any of your charts or data. - Michael Saylor

Deputy Trade Minister: there should be a lot of cryptocurrency circulating in Indonesia rather than abroad.

https://www.cnbc.com/2021/07/01/feds-seized-robinhood-ceos-phone-as-part-of-gamestop-trading-probe.html

Robinhood CEO Vlad Tenev’s phone was seized by federal attorneys in one of the stock-trading app company’s many legal battles, it revealed in its IPO filing on Thursday.

In a section outlining legal risks from investigations and subpoenas, the company noted that “a related search warrant was executed by the USAO to obtain Mr. Tenev’s cell phone.” Here, “USAO” refers to the United States Attorney’s Office for the Northern District of California, which was investigating Robinhood’s restrictions on trading during the meme stock flurry around GameStop and other stocks early this year.

1 of 45 members of the Paraguay Parliament has created a bill. Big deal? Not even close.

Bill creation isn't usually a sign of something being passed into law.

Sometimes, the bill is just to gain favor among certain peers or constituents.

And sometimes, it's just political messaging or narrative manipulation, or worse: fame seeking.

Article is out of date.

https://www.google.com/amp/s/cryptoslate.com/no-paraguay-is-not-legalizing-bitcoin-congressman-confirms/amp/

Paraguay has become the second country after El Salvador to propose a bill to make Bitcoin legal tender. The bill in support of the cryptocurrency was proposed on Thursday night. Paraguay believes that it can become a crypto hub as it has a lot of cheap renewable energy. However, concerns about bitcoin mining and its environmental impact remain.

Bitcoin has now closed its third red monthly candle in a row, meaning BTC/USD is now the furthest away from its stock-to-flow model estimates in more than two years. Data shows the world’s biggest cryptocurrency fell 40.36% in Q2… the biggest quarterly plunge in over three years.

Plan B said the next six months will be “make or break” for the stock-to-flow model, adding: “Even for me it is always a bit uneasy when Bitcoin price is at the lower bound of the stock-to-flow model.”

Bitcoin.org has blocked U.K. visitors from downloading Bitcoin Core software, as well as the whitepaper authored by Satoshi Nakamoto. 

It comes days after a British court ruled in favor of self-proclaimed Bitcoin creator Craig Wright.

He had accused Bitcoin.org and its current operator Cøbra of copyright infringement for hosting the BTC whitepaper in the U.K.

Cøbra elected not to mount a defense in order to protect their anonymity — and was also ordered to pay interim legal costs of £35,000 (about $48,600.)

The judgment is the latest salvo in Wright’s assault on people who dispute his claim of being Bitcoin creator Satoshi Nakamoto.

Bank of France governor François Villeroy de Galhau said that Europe should make crypto regulation a priority or risk digital assets challenging its monetary sovereignty.

He warned the European Union only has “one or two years” left to establish a regulatory framework for cryptocurrencies.

“We in Europe need to move as quickly as possible,” the governor added.

Dogecoin prices surged but did not skyrocket after receiving another endorsement from Tesla CEO Elon Musk on Thursday.

Musk’s first tweet declared “Release the Doge!” — sending the joke cryptocurrency up 8.42% to $0.261. A sell-off followed suit, taking DOGE/USD down to $0.247.

Less than an hour later, Musk tweeted a rather unusual message that said: “Baby Doge, doo, doo, doo, doo, doo, Baby Doge, doo, doo, doo, doo, doo, Baby Doge, doo, doo, doo, doo, doo, Baby Doge.”

DOGE/USD subsequently rose 5.22% to $0.26 after the second tweet.

This is modest compared with the wild gains we’ve seen after Musk’s tweets in the past.

Mallers has taken aim directly at Coinbase too, describing Coinbase’s fees as “asinine.” He added: “Make no mistake, when you buy Bitcoin on Coinbase, you are supporting shitcoins.”

"Blockstream’s Liquid Network is a sidechain-based settlement network that enables “more confidential Bitcoin transactions”. The company’s website claims that the transfers with this product can be settled within two minutes and it’s open to all companies.

According to Blockstream Chief Strategy Officer Samson Mow, representatives from the company and El Salvador’s government met to discuss the proposal. The government expressed interest in the project but is yet to decide.

Mow highlighted those tokenized securities based on the Liquid Network have greater liquidity than traditional securities. This sidechain operates every day without restrictions and, Mow said, it’s more cost-efficient for the users."

https://bitcoinist.com/how-el-salvador-could-issue-digital-bond-to-strengthen-bitcoin-law/

Binance faces regulatory upheaval as lawmakers target ‘global’ exchanges

Regulatory woes are piling up for Binance. Japan has accused the exchange of operating without proper registration, and toughened measures in the Canadian province of Ontario have prompted Binance to announce that it plans to cease all operations there.

Monday saw Binance suspend the use of Faster Payments in the U.K., meaning that it would take longer for British customers to withdraw pounds from the exchange. This came days after the Financial Conduct Authority told the exchange to cease all regulated activities in the country. However, this was later reinstated.

Thailand’s Securities and Exchange Commission and the Cayman Islands Monetary Authority are the latest financial regulators to announce a regulatory crackdown on Binance.

As a major global exchange, the exchange has been struggling to find the right jurisdiction for operating its business. 

Mallers also said that users willing to access the Bitcoin Tab would need to join a waitlist. Furthermore, with the new product, US customers would soon be able to not only make bitcoin purchases but would also be able to get rewards in bitcoin, roundup savings in BTC, receive payment in bitcoin, among other offers. 

Payment platform Strike has launched a new product called the Bitcoin Tab, which would enable users in the US to buy bitcoin at one of the cheapest rates. The company would only charge 0.3% as market spread execution cost, which could reduce to below 0.1% as volume grows. Strike CEO Jack Mallers said that the company is aiming to become the cheapest place for users to purchase bitcoin.

Original Fox News Link: https://www.foxbusiness.com/technology/bitcoin-price-surged-cyberattacks

I'd love to see these "Researchers"

This one doesn't take more than 2-5 minutes of thought to instantly debunk.

Couldn't the cyberattacker simple now ask for 30% more seeing that the price is lower? Duh!

The writers / sponsors who probably paid Fox News a few grand to have this article written are trying to mentally link Bitcoin w/ Cyberattacks in the minds of the public.

Sorry... this one isn't going to work.

The petrodollar is boiling the oceans

Warren Buffet said “Bitcoin is rat poison” if bitcoin is rat poison look at who the rats are