Crypto News Cast 📮 07-06-2022
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $1228 B
📊24h Mcap %: -41.69%
⚠️Bitcoin Dom: 46.40%
📌Active Coins: 4540
📍24h Vol %: 1.07%
💲24h Vol: $72 B
Crypto News Updates :
- Partnering With Binance, Dubai’s Retail Behemoth Majid Al Futtaim Accepts Cryptocurrency Payments
- The Australian Mayor Suggests Tax Payments Be Made In Bitcoin
- Sao Paulo, A Brazilian Soccer Team, Has Adopted Cryptocurrency Payment Method
- Hive, A Bitcoin Miner, Increased Its Hash Rate By 8% In May
- Binance Partners With Vietnam Blockchain Association To Promote Cryptocurrency Development
- Institutions Keep Buying The Dip, As Weekly Bitcoin Inflows Hits $126 Million
- Senator Lummis’ Bill To Integrate Cryptocurrency Into The Banking System Launches Soon
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– Partnering With Binance, Dubai’s Retail Behemoth Majid Al Futtaim Accepts Cryptocurrency Payments
Majid Al Futtaim, a leading operator of shopping malls, hotels, theaters, hypermarkets, and retail stores in the Middle East, Africa, and Asia, has announced a strategic relationship with Binance, the world’s largest cryptocurrency exchange. Binance Pay will be incorporated into Majid Al Futtaim’s different destinations, including 29 shopping malls, 13 hotels, and others, allowing millions of people to pay with cryptocurrencies. Read Full on Bitcoin News.
– The Australian Mayor Suggests Tax Payments Be Made In Bitcoin
The Gold Coast City Council, according to Australian Mayor Tom Tate, is open to adopting Bitcoin as a payment option for rates and other council services. The move coincides with the city’s desire to embrace modern technology and adopt new ideas. As it is still in the study phase, Gold Coast Mayor Tom Tate stated that the move sends a statement that they are inventive and bringing in the younger generation. Read Full on Cryptopolitan.
– Sao Paulo, A Brazilian Soccer Team, Has Adopted Cryptocurrency Payment Method
Sao Paulo, one of the most successful Brazilian soccer clubs, became the first in the country to allow fans to purchase match tickets using cryptocurrencies. Sao Paulo partnered with the cryptocurrency exchange Bitso a few months ago. As a result, the corporation has agreed to sponsor the team for the next three years. Only registered fans with membership cards will be able to take advantage of the promotion at first. Read Full on CryptoPotato.
– Hive, A Bitcoin Miner, Increased Its Hash Rate By 8% In May
According to the company’s most recent operational report, Hive increased its hash rate by 8% in May. This is possible, according to CEO Frank Holmes, thanks to new installations and electrical enhancements. Hive mined 273.4 BTC and 2,694 ETH in May. The company has 2.18 exahash per second (EH/s) of Bitcoin mining capacity and 6.26 terahash per second (TH/s) of Ethereum mining capacity towards the end of the month. Read Full on .
– Binance Partners With Vietnam Blockchain Association To Promote Cryptocurrency Development
The Vietnam Blockchain Association has teamed with Binance, the world’s largest cryptocurrency exchange, to promote blockchain technology development in the Asian country. The two parties will also form alliances with other tech firms throughout the world. The partnership aims to build a link between crypto’s backbone technology, the local business community, and IT companies. Its goal is to attract worldwide investors and resources.Read Full on CryptoPotato.
– Institutions Keep Buying The Dip, As Weekly Bitcoin Inflows Hits $126 Million
Since the beginning of the year, more than half a billion dollars has been invested in Bitcoin exchange-traded funds, with $126 million streaming into ETPs just last week as Investors keep bagging the dip. Last week, though, net inflows totaled $100 million into digital asset investment products as a whole. This is because investors withdrew money from Ethereum-based funds, canceling out the $4.3 million in Bitcoin and multi-asset product inflows. Read Full on Decrypt.
– Senator Lummis’ Bill To Integrate Cryptocurrency Into The Banking System Launches Soon
Senator Cynthia Lummis of Wyoming, who’s a popular Bitcoin supporter, is slated to introduce the first draft bill on cryptocurrencies in Congress this week. The bill is expected to clarify several aspects of Cryptocurrency rules as well as determine how digital assets should be classified. Senator Lummis points out that if the bill pulls through, then, cryptocurrencies will formally enter the banking system.Read Full on Finbold.
