Crypto Daily News from ZBG Exchange

1. Market Wrap: Bitcoin Struggles Below $40K as Traders Digest Fed Statement

Bitcoin is under pressure as Fed taper concerns linger, although some expect crypto to remain resilient.

Bitcoin traded lower as investors unpacked Wednesday’s announcement from the U.S. Federal Reserve that it could raise interest rates by late 2023. Assets deemed to be risky like stocks and crypto also appear to be weighed down by lingering concerns that the Fed may wind down its bond-buying program sooner than expected.

Latest prices

2. In Token Crash Postmortem, Iron Finance Says It Suffered Crypto’s ‘First Large-Scale Bank Run’

In the wake of the crash, billionaire Mark Cuban is now calling for regulation of stablecoins.

A near-total collapse in the price of a share token of a decentralized finance (DeFi) protocol was “the world’s first large-scale crypto bank run,” the people behind Iron Finance said in a blog post providing a postmortem. The run brought the worth of the protocol down from $2 billion to near zero on Wednesday.

3. Mining Council: We Must Counter ‘Misinformation’ About Bitcoin’s Environmental Damage

MicroStrategy CEO Michael Saylor said the problem isn’t bitcoiners but those negative headlines about mining.

“We are not trying to fix bitcoin.”

4. Scammers Are Now Sending Ledger Users Fake Hardware Wallets

The fake wallets are an escalation in phishing attempts following a 2020 data breach that exposed 272,000 customer addresses.

The 2020 data breach of the hardware wallet company Ledger has taken yet another turn.

Scammers are sending fake hardware wallets to people whose data was gathered via a third-party data breach. These fake wallets contain hardware designed to steal the user’s crypto.

5. Bank of England: Any UK CBDC Will Be ‘Tens of Thousands’ Times More Efficient Than Bitcoin

The fintech lead at U.K.’s central bank urged eco-conscious citizens not to “throw the blockchain baby out with the bitcoin bathwater.”

According to the Bank of England’s fintech director, the technology behind central bank digital currencies (CBDC) could be “tens of thousands of times more efficient per transaction” than bitcoin (BTC, -3.49%).

Founded in July 2018, ZBG is a Hong Kong-based cryptocurrency exchange, a global platform of ZB.COM.

ZBG.com has quickly become one of the top 10 exchanges in the world with its innovative, efficient and global operations, and is known as a “New First-Tier” exchange.

Currently, ZBG supports 11 languages, with an average daily activity of more than 160,000, providing over 3 million users around the world with trustworthy cryptocurrency trading, contract trading and other crypto asset investment services.

In the future, ZBG will continue to expand its global market and provide stable, safe and fast blockchain project listing, diversified crypto assets and blockchain derivatives investment services to more blockchain enthusiasts around the world.

ZBG Official English (Telegram): https://t.me/ZBG_Exchange

ZBG Official Chinese(Telegram): https://t.me/ZBG_ChineseOfficial

ZBG Official Bangladesh (Telegram): https://t.me/zbgbangladesh

Twitter:https://twitter.com/ZBG_Exchange

ZBG, World’s top 10 crypto currency exchange.

Link to future value!

ZBG Team

June 18, 2021

Launched in 2018, ZBG is a Hong Kong-based crypto exchange, a subsidiary of ZB.COM. ZBG is focused on providing a trading platform for new and innovative tokens