Daily Crypto Brief for Thursday, July 2, 2020, by ITBiometrics

#DailyCryptoBrief #CryptoHeadlines #BitcoinNews

This is your ITB Media Daily Crypto Brief for Thursday, July 2, 2020.

In Mainstream Financial News.

CNBC reports: Here’s what a new SEC chair could mean for crypto, according to Bitcoin investor Michael Novogratz - https://cnb.cx/2Vec0kY

A potential change at the top of United States' main securities regulator could be a good thing for cryptocurrencies, investor Michael Novogratz said on Monday.

Bloomberg Headline: Bitcoin Is Stuck In a Rut, But Millennials Could Bring Salvation - https://bit.ly/38n4nOu

Bitcoin Is Stuck In a Rut, But Millennials Could Bring Salvation. ... While professional investors have scoffed at some of the youngsters' hubris and willingness to ignore danger signs, the thousands of small-time players could generate a frenzy if Bitcoin climbs past its 2020 high of $10,400, according to Maley.

The Asia Times Reports: Fake bullion scam highlights bitcoin’s benefits -

Citing Chinese and Japanese media outlets, Cointelegraph reported that a loans deal between Chinese financial institutions and Wuhan Kingold Jewelry – with gold as collateral – fell apart when it became known that the gold was actually gilded copper. According to Chinese outlet Caixin, “at least some” of the gold bars involved were simply copper, with the loan lenders seriously out of pocket as a result. “That has left lenders holding the bag for the remaining 16 billion yuan of loans outstanding against the bogus bars,” it reported.

Wall Street Journal Headline: Lobbyist Jack Abramoff Charged With Fraud - https://on.wsj.com/2NyGVnS

Jack Abramoff was charged with fraud Thursday in connection with the sale of a new cryptocurrency that was touted as superior to bitcoin. Mr. Abramoff, 61, a disgraced former lobbyist who served time in prison, was charged in San Francisco federal court with conspiracy to commit wire fraud over his role in the sale of the proposed digital coin, called AML Bitcoin, which raised over $5 million from 2,400 investors, authorities said.

Forbes Headline: Bitcoin As A Payment System — Crypto Cards And The Rocky Road They Travel - https://bit.ly/2ZJU0Az

“By 2030, every single person on the planet will hold digital assets one way or another. Our mission is simply to accelerate the world’s transition to cryptocurrency. Familiar form factors, like a card, play a very important role in educating main street users.”

In Social Media headlines.

Altcoin Daily: Bill Burr Goes ALL IN On Bitcoin 2020! Anthony Pompliano Explains Bitcoin Value Proposition! - https://bit.ly/3dX1V2i

The Moon: THIS BITCOIN CHART IS NOW FLASHING A CRAZY SIGNAL!! - https://bit.ly/2ZzweXC

Data Dash: My #1 Trading Strategy To Win In Markets - https://bit.ly/2VGEUub

Crypto Zombie: BITCOIN FINALLY READY for BREAKOUT!!? BTC ETP LISTED!! RETAIL CRAZY for CRYPTO! - https://bit.ly/38iLQD0

In Crypto Publications headlines.

Blockchain Exec Says Decentralized Platforms Won't Necessarily Replace YouTube by Cointelegraph - https://bit.ly/3ilPy3f

Blockchain Exec Says Decentralized Platforms Won't Necessarily Replace YouTube. ... However, according to Wes Levitt, head of strategy at Theta Labs — the firm behind Theta.tv — both YouTube and decentralized platforms can co-exist. YouTube is increasingly banning crypto-related content.

Coindesk.com headline: Why Bitcoin Bulls Are Betting on Explosive Growth in India - https://bit.ly/31Cq8IJ

Since then, Binance joined the Internet and Mobile Association of India (IAMAI), which played a key role in overturning the ban, and noted explosive growth via WazirX, the Indian exchange Binance acquired in 2019. A WazirX spokesperson told CoinDesk the exchange saw 150% more signups in many Indian cities from February to May 2020, which boosted local trading volumes by 66%.

Cryptonews.com reports on its front page: Retail May Consume 50% of Bitcoin Supply After Next Halving – Report - https://bit.ly/31DTcQ0

According to the report, which analyzed data from analytics provider Chainalysis, Bitcoin’s next halving, which is expected to occur in 2024, will limit BTC supply to the extent that demand from retail investors alone “could potentially account for eating up over 50% of the physical supply.”

Now, around BTC 900 are generated per day on average.

This has been your ITB Media Daily Crypto Brief for Thursday, July 2, 2020.

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