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Cryptocurrency news for today 6 July

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Breaking News from Crypto Business World (CBW) – July 6, 2020

Cryptocurrency news for today 6 July

Cryptocurrency news for today 6 July
CONTENT

  • Bitcoin still sits in a range and generates multidirectional forecasts

  • Bitcoin enthusiast joins the U.S. presidential race

  • CBDC will shape the development of the payment services industry in the coming years

International consortium of news organizations developing transparency standards.

Bitcoin enthusiasts are hoping for a bullish break, but renowned crypto critic Peter Schiff is in a hurry to dampen their enthusiasm. According to the proponent of the gold standard, Bitcoin has a much better chance of returning under the $ 9,000 mark than continuing to grow. Visa recognized the importance of the development and spread of digital currencies of central banks, and one of the famous supporters of bitcoin joined the presidential race in the USA.

Cryptocurrency news for today 6 July

What will happen to Bitcoin after a bullish breakout

Bitcoin formed its third consecutive bearish weekly candle last week. However, on July 6, the quotes moved to growth, which continues at the time of this writing, although signs of the upward momentum fading have already begun to appear on the hourly timeframes. Bitcoin formed a small bearish candle last week. Since June 1, this is the fourth such candlestick with long wicks on both sides, which indicates the presence of uncertainty in the market. More details

Peter Schiff predicts Bitcoin price drop to $ 9000

The value of the main cryptocurrency continues to decline gradually. Already last weekend, bitcoin saw a drop to $ 8,900 apiece, but quickly bounced up to the $ 9,000 area. On Monday, July 6, Bitcoin is trading at $ 9101 apiece. According to precious metals dealer and adversary of cryptocurrencies Peter Schiff, BTC will soon drop to $ 9,000. He wrote about this on his Twitter. More details

Cryptocurrency news for today 6 July

Bitcoin enthusiast Kanye West decided to run for US President

An ardent bitcoin fan, musician and husband of Kim Kardashian Kanye West, announced that he decided to run for the presidency of the United States. The crypto community took this news positively Musician and crypto enthusiast Kanye West announced on his Twitter page that he was going to run for the presidency of the United States this year. In particular, he wrote that “we must now fulfill America’s promise by trusting God, uniting our vision and building our future. I’m running for President of the United States. ” More details

CBDC will determine the development of payment systems for the next ten years

Central Bank Digital Currencies, or CBDCs, may be a thing of the past due to a new financial instrument, central bank digital currencies (CBDCs), according to the head of Visa’s cryptocurrency division. As … More, could become a major direction in the development of payment systems in the next decade. Kai Sheffield, who runs crypto projects for payment giant Visa, tweeted that “governments are evaluating the feasibility of CBDCs and their decision will have serious implications for areas such as privacy, monetary sovereignty, geopolitics and financial inclusion, as well as crypto recognition. -dollars and bitcoins globally. More details

Binance Will Support Ontology Upgrade and End Support for NEP5 ONT

Binance cryptocurrency exchange will stop accepting deposits in ONT tokens based on NEP5 after the release of Ontology 2.0 update. Binance, one of the world’s largest cryptocurrency trading platforms, has announced its readiness to support an upcoming update on the Ontology network. The new version of Ontology 2.0 is a consolidation of the mainnet updates proposed and implemented by the community. Binance also confirmed that users will no longer be able to make deposits in tokens based on NEP5 (Neo Enhancement Protocol 5). In particular, after the update, the funds contributed by users in NEP5 ONT tokens will not be reflected in their Binance accounts. More details

 

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Cryptocurrency news for today 6 July

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