Crypto Daily News from ZBG Exchange

1. Crypto Long & Short: Bitcoin’s Taproot Update Shows How It’s Not Like Gold

When Bitcoin undergoes a technological shift, it’s a test of narratives that underpin the asset’s value.

Bitcoin’s strongest narrative is “digital gold.” Investors buy it not out of an expectation that it will behave like gold behaves in the market today, but that it will some day take on the historic importance that gold has held across cultures and ages.

2. President of El Salvador Says He’s Submitting Bill to Make Bitcoin Legal Tender

An emotional Jack Mallers announced the news at the Bitcoin 2021 conference in Miami.

El Salvador is developing a bill to recognize bitcoin (BTC, +0.91%) as legal tender, according to President Nayib Bukele. In a videotaped announcement shown Saturday, he said he will submit the bill next week.

3. Musk’s Crypto Tweets ‘Destroyed Lives,’ Anonymous Says as Hacker Group Targets Tesla CEO

The video accuses the Tesla CEO of abandoning bitcoin as a form of payment in order to keep government subsidies.

A video on YouTube claiming to be from the hacker group Anonymous takes aim at Tesla and SpaceX CEO Elon Musk, saying his tweets that have roiled the cryptocurrency markets have “destroyed lives” of hardworking people who’ve had “their dreams liquidated over your public temper tantrums.”

4. Polygon’s MATIC Token Ended May Up 120% Despite Bitcoin’s Price Crash

MATIC’s monthly gain proves that a cryptocurrency backed by growing usage can weather broader market sell-off.

Surging usage of Polygon Network’s Ethereum layer 2 scaling solution allowed that platform’s token (MATIC) to largely escape the fate of other cryptocurrencies in May brought down by crash in the price of bitcoin (BTC, +1.88%).

5. Bitcoin, Other Cryptos Fall After Weibo Blocks Rekindle Fears of China Crackdown

Concerns of a crackdown by Beijing have been weighing on the market over the past weeks.

The price of bitcoin (BTC, +1.88%) and other cryptocurrencies fell Saturday morning after a large number of cryptocurrency “Key Opinion Leaders” (KOL) on Weibo were blocked, a move some are viewing as signs of a further crackdown on crypto by China’s government.

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

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ZBG, World’s top 10 crypto currency exchange.

Link to future value!

ZBG Team

June 7, 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