This Week in Crypto: Tesla, Bans, BTC Death Cross & More!

Jun 21, 2021

👮‍♂‍China’s Crypto Crackdown Continues👮‍♂‍

Last week, the Chinese province of Sichuan turned off the lights for 26 cryptocurrency mining operations

🏎Tesla To Accept BTC… Again?🏎

In response to a CoinTelegraph article posted on Twitter, Tesla CEO Elon Musk highlighted that at least 50% of all Bitcoin mining must be done using renewable energy before Tesla can reverse its stance

🤑Microstrategy Bitcoin Madness🤑

Last Monday, Microstrategy asked the SEC for permission to sell over 1 billion dollars in their own stock to finance operations including the acquisition of Bitcoin

🤐SEC Silent On Crypto🤐

The SEC didn’t note cryptocurrencies on its annual regulatory agenda. Instead, the SEC seems to be more focused on the dangers of retail trading on Robinhood ⚖Creeping Crypto Regulations⚖ India is once again playing chicken with it’s domestic crypto market with a new bill to ban crypto under review. In East Asia, South Korea seems to be cracking the whip on crypto traders and exchanges. A bank here in the UK is going to ban its 5 million clients from purchasing cryptocurrencies

💸UK Crypto Investment ATH💸

A recent survey conducted in the United Kingdom suggests that more Brits bought Bitcoin than stocks last year

👨‍💼Grayscale Considers More Cryptocurrencies👨‍💼

The 13 cryptocurrencies Grayscale is currently considering for its digital trusts are 1inch, Bancor, Curve, Kava, Kyber Network, Loopring, Polygon, Ren, UMA, Solana, Near, Dfinity, and 0x

🏠Record Digital Land Sale🏠

Someone recently bought a massive chunk of land in its virtual world for over 900 thousand dollars in MANA. The buyer is Republic Realm, an investment firm backed by Binance and Galaxy Digital that specializes in virtual real estate

😱Bitcoin Bear Market Incoming?😱

Historically, a death cross has resulted in a 30 to 70 percent dip in Bitcoin’s price, but the severity of each dip has declined over time as Bitcoin becomes less volatile

📊Weekly Crypto Market Analysis📊

Turning to the leaderboards, this week’s winners are Amp, XinFin Network, Quant, Shiba Inu, and Fantom.


📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.