The company believes that, despite regulatory uncertainty, the price of the first cryptocurrency will update its all-time high as institutional investors start buying digital coins Co-head of the trading department at Galaxy Digital, Jason Urban, in an interview with Kitco News, predicted that bitcoin by the end of this year…

Digital coins will be distributed to all residents of the country who run a special crypto wallet El Salvador’s President Nayib Bukele said at a press conference that every adult in the country who installs the state-developed Chivo crypto wallet app will receive $30 in bitcoin. According to the president…

Launchpads and decentralized exchanges continue to actively conduct token sales. Their profitability is falling, but many projects bring high profits After the beginning of the correction on the crypto market, the situation on the IDO (Initial Dex Offering) market is gradually changing — fees, profitability and the number of participants in token sales have slightly decreased. However, new projects continue to issue their coins, and the industry continues to develop.

Mary Barra named the condition under which the company will start accepting cryptocurrency for payment General Motors CEO Mary Barra admitted in an interview with CNBC that the company could start selling its cars for Bitcoin. This will only happen if the manufacturer sees such a need from customers, Barra said. “Nothing prevents us from doing this. We will be guided by the wishes of our customers, ”added Barra.

The development of the crypto industry allows today to choose a convenient way to make a profit from working with digital coins. In most cases, this requires certain knowledge and start-up capital. Since the beginning of 2021, bitcoin has risen in price by almost 40%. In mid-April, the main cryptocurrency reached an all-time high of $64.3 thousand. Over the past two months, the digital coin has fallen in price by 37%.

The Commodity Futures Trading Commission believes that decentralized finance violates the law “On commodity exchanges and exchange trading” Decentralized Finance (DeFi) projects may violate the Commodity Exchanges and Trading Act (CEA). This opinion was expressed by Dan Berkowitz, Commissioner of the Commodity Futures Trading Commission (CFTC). An unregulated DeFi market is a bad idea, he said. “Not only do I think unlicensed DeFi markets are a bad idea, but I also don’t understand how they can exist under CEA,” Berkowitz said.

Major cryptocurrency exchanges are looking to enter the Indian market despite the uncertainty in the regulation of the local crypto market Bitfinex, Kraken, and KuCoin are exploring the possibility of entering the Indian market. This is reported by Reuters, citing sources close to the exchanges. According to preliminary information, one of the three exchanges is already negotiating a takeover with a local firm. However, details were not disclosed.

The company has already acquired 92,079 BTC. The coins are held on the balance sheet of a newly formed organization called MicroStrategy LLC. The announcement also announced the formation of another company called Micro Strategy Services Corporation. The company is going to issue secured bonds for $400 million with the preemptive right to redemption until 2028. With the money received, she will buy bitcoin.

The top 10 largest cryptocurrencies end the week in the green, although Bitcoin has never been able to break out of the symmetrical triangle. Anonymous hackers threatened Elon Musk with war. Dynamics of major cryptocurrencies The outgoing week turned out to be unremarkable for the bitcoin (BTC) rate. The main…