Crypto Daily News from ZBG Exchange

1. Market Wrap: Bullish Basel News Causes BTC Jump to Week-High $38K Level; ETH Slips

Bitcoin busted out a quick 5% gain early Thursday on positive news from that continent before losing some steam.

Bitcoin has returned to the spotlight on positive cryptocurrency banking news out of Europe. Ether’s shine is diminishing a bit Thursday based on some volume, volatility and options data.

2. Arrington Capital Launches $100M Algorand Ecosystem Fund

The TechCrunch founder’s second crypto fund will bet on Algorand projects and coins. But don’t think the firm is abandoning XRP.

Michael Arrington’s crypto venture-capital firm, Arrington Capital Management, is launching a $100 million fund for bets on projects building on the Algorand blockchain.

3. Gold Tokens Take Off as Inflation Accelerates, Bitcoin Retreats

The market cap of gold-backed tokens has surged 30-fold since the start of 2020, according to one research firm.

As bitcoin loses some of its luster as “digital gold,” some cryptocurrency investors are apparently seeing value in tokens backed by the physical version of the yellow metal.

4. Republican Senator Asks FinCEN to Reconsider Controversial Crypto Rule

The FinCEN rule, proposed under former President Donald Trump, needs to be revisited, Sen. Pat Toomey said Thursday.

Proposed U.S. regulation around cryptocurrencies might be counterproductive, the top-ranking Republican on the Senate Banking Committee said Thursday.

5. El Salvador’s Bitcoin Bill Raises ‘Issues’: IMF Spokesperson

Gerry Rice said El Salvador’s plan to adopt bitcoin as legal tender raises “macroeconomic, financial and legal issues.”

International Monetary Fund (IMF) spokesman Gerry Rice said the organization is following developments in El Salvador “closely” ahead of a meeting with the nation’s officials on Thursday.

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 11, 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