Crypto Daily News from ZBG Exchange

1. Market Wrap: Bitcoin Pops to $36.8K, Other Cryptos Higher Despite Worrying China Signals

Pessimistic news isn’t stopping the crypto spot markets from looking bullish Wednesday.

Prices of blockchain-based assets are climbing amid a fresh bout of uncertainty regarding cryptocurrency regulation and enforcement in China,

2. Elizabeth Warren, US Lawmakers Put Bitcoin on Trial in Senate CBDC Hearing

While a Senate Banking Committee hearing ostensibly focused on central bank digital currencies, bitcoin’s role in the ecosystem drew much of the attention.

U.S. lawmakers may be warming to a central bank digital currency (CBDC).

3. China’s Qinghai Province Has Ordered All Crypto Miners to Shut Down

It follows orders to other provinces, including Xinjiang and Inner Mongolia, to shut down miners.

China’s Qinghai province has announced a ban on virtual currency mining operations, a government document said Wednesday.

4. Looming ‘Death Cross’ Could Signal Bitcoin Bear Market

A death cross occurs when the 50-day moving average crosses below the 200-day moving average.

The “death cross,” a bearish technical signal biw looming in price charts, could point to trouble ahead for bitcoin (BTC) amid regulatory crackdowns and environmental concerns.

5. Invesco Plans Two Crypto-Focused ETFs

Atlanta-based Invesco is an investment management firm with $1.5 trillion in assets.

Invesco plans two cryptocurrency-focused exchange-traded funds (ETFs), becoming the latest entrant into the field while approval of an actual bitcoin (BTC, +12.35%) ETF by the U.S. Securities and Exchange Commission remains elusive.

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 10, 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