🗞 Daily Crypto News, June, 15th 💰

Bitcoin Price Dips Below $9K Amid Heavy Stock Market Futures Losses;
Bitcoin and Black America: A Digital Uprising;
Bitcoin Halving and Competitors Boost Pressure on Bitmain & Canaan;
Nevermind Coinbase — Big Brother Is Already Watching Your Coins;
Enjoying my Atomic Wallet Coins Investment +75% ! Why don't you join?
I left that one because well... I told you so : COVID19 is back ! And it will crash both Cryptocurrencies & Stock Market 😭;
🗞 Daily Crypto Calendar, June, 15th 💰

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Bitcoin Price Dips Below $9K Amid Heavy Stock Market Futures Losses

Bitcoin (BTC) dropped below $9,000 on June 15 as a new week produced fresh selling pressure across macro assets.

Bitcoin price tests $9,000 resilience

Data from Cointelegraph Markets and CoinMarketCap showed BTC/USD entering the $8,000 range in Monday trading — for the first time since May 28.

The latest bearish move follows a difficult week for Bitcoin in which markets almost regained $10,000 before shedding $800 in a matter of hours on Thursday.

After spending the weekend at around $9,400, support gave way once more as the outlook for the week on stock markets looked bleak.

🗞 Bitcoin and Black America: A Digital Uprising

In 2014, several surveys found that African Americans were less likely to know about and use Bitcoin (BTC). However, in 2020, a Coinbase study found that African Americans are now much more interested in and trustful of bitcoin and other decentralized digital currencies.

A turnaround

Speaking to The Atlantic in 2015, the founder of Storj, a decentralized blockchain-based cloud-storage service, Shawn Wilkinson explained the benefits that adopting bitcoin would have for black Americans.

“Bitcoin, or some kind of cryptocurrency, has the ability to decouple African Americans from the economic system in a positive manner. With Bitcoin, there are a lot more methods with microlending, where you can have communities using cryptocurrencies to help themselves without any intermediaries," Wilkinson stated.

“The fact that many African Americans don’t use PayPal, or are even afraid to do retail banking, demonstrates this lack of trust in financial institutions, even when there is a face on the other side. Many times, you’ll hear them say, ‘I don’t trust banks, I’d rather put my money under a mattress and risk it being stolen than putting it in a bank for some unnamed institution to steal it.”

🗞 Bitcoin Halving and Competitors Boost Pressure on Bitmain & Canaan

Although Bitmain’s market share has decreased in the past year, the market size has more than doubled in the same time.

An increase in pressure on manufacturers over the coming months is estimated.

New players to emerge in the mining hardware sector.

The Bitcoin (BTC) mining hardware sector is opening up. New hardware manufacturers are entering the market with innovative new mining units, reducing the former dominance of major players such as Bitmain and Canaan.

And with the Bitcoin halving in May putting an extra squeeze on the profit margins of miners, hardware manufacturers are being increasingly forced to introduce more efficient units, raising competition within the sector even further. In the process, newer mining hardware companies like MicroBT might gain a bigger market share.

🗞 Nevermind Coinbase — Big Brother Is Already Watching Your Coins

On June 5, cryptocurrency exchange Coinbase came under fire for its alleged efforts to sell crypto surveillance services to both the U.S. Drug Enforcement Administration and the Internal Revenue Service.

In the days since, Coinbase representatives have made it clear that the company’s analytics services do not share any personally identifiable data with law enforcement. They claim to source all data from publicly available information.

Speaking on the condition of anonymity, this source indicated that crypto surveillance tactics go all the way back to Bitcoin’s earliest days. They said these practices became a much broader effort after the much maligned Mt. Gox incident, in which 850,000 BTC went missing on the once-popular crypto exchange in late 2013.

Our source explained:

“I’ve worked for crypto exchanges, bitcoin ATM companies, general crypto services providers, and more. They all engage in surveillance practices. They have no choice.”

🗞 Enjoying my Atomic Wallet Coins Investment +75% ! Why don't you join?

I have seen increasing adoption and more people talking about it.
A few days ago (5 to be precise), I was chatting with some crypto aficionados and we talked about current crypto investments.

When I saw the following things, I started to buy $AWC tokens:

They said that they will release their native token staking system soon where you could earn up to a maximum of 23%APR
To earn a better APR (3 tiers 17%-20%-23%); you need to buy more tokens.
The more AWC tokens you have, the more cashback you get for every trade you make
They started a writing even on Publish0x to advertise all of these new features

Full article here

🗞 COVID19 is back ! And it will crash both Cryptocurrencies & Stock Market 😭

These are my own thoughts about the current situation both on the healthcare/financial and crypto sides.

Humans have always fascinated me, they are easily influenced (for the better or worse) and most of them are not capable to develop their own critical thinking and will comply with the norm/herd.

What shocked me is back in the end of January, I wrote to my colleagues and bosses:

"We do not know if this pandemic will be catastrophic but the way we and other market participants deny it is even happening is making me speechless."

Well, my entire company, brokers thought it was a non-event. "Look at SRAS, it does not last, V-shaped recovery... blablabla". Even with facts showing it was definitely not like SRAS in terms of R0 and impact.

Well we all know what happened next to financial & crypto markets

Full article here