Breaking crypto news from the last week (19-25 June 2021):
19 June: Paraguay, the one more Latin American country that could legislate Bitcoin next month as a legal tender.
20 June: Elon Musk’s tweets have an obvious impact on the prices of cryptocurrencies. However, Ethereum co-creator Vitalik Buterin predicts that the crypto market will develop an “immune system” against such social media impacts.
21 June: Venture capital funds have already invested more than $ 17 billion in the cryptocurrency market in the first half of 2021, marking a new annual record since 2018. According to data provider PitchBook, that’s around the total amount raised in all previous years combined.
22 June: The price of Bitcoin has suddenly fallen below $30,000 on Tuesday, following the bad news from China. In total, more than half a trillion dollars has been wiped from the crypto market in the last seven days, as the cryptocurrency lost more than 50% since its all-time peak in April.
23 June: The Bitcoin Fund debuted on the Nasdaq Dubai exchange became the first digital asset-based fund to list in the Middle East and North Africa. Canada’s largest digital-asset investment fund manager 3iQ Corp seeking to raise around $200 million in the offering.
24 June: The Silicon Valley venture capital firm Andreessen Horowitz has officially announced the launch of a $2.2 billion fund focused on the crypto industry.
25 June: The chief investment officer of the Guggenheim Partners investment firm, Scott Minerd, warned on Friday that Bitcoin could step down at $10,000 to $15,000.