The price of Bitcoin started the week with a downtrend. BTC is trading at USD 34,120, decreasing by -2.47% in the last 24 hours. During the weekend, a recovery in the market could be observed. But, for this July 5, Bitcoin and the main altcoins registered falls of more than 3%.
According to information published by various analysts, the increase capitalized last weekend apparently corresponds to the movement of several whales within the market. Which took advantage of the fall in prices to acquire large amounts of BTC.
However, many reports agree that this does not necessarily mean the end of the downtrend. So there is still the expectation that prices may fall a little more in the coming days before it rises again and remains within said trend.
Meanwhile, there was a domino effect among major altcoins as well. Because they are going down for this July 5 with some cases especially pronounced for the time of publication.
With falls between 3% and 7% we have the cases of Ethereum (ETH), Dogecoin (DOGE), XRP, Polkadot (DOT), Uniswap (UNI), Solana (SOL), Bitcoin Cash (BCH), Chainlink ( LINK), Polygon (MATIC), Ethereum Classic (ETC), Internet Computer (ICP) and many others. This was recorded by our internal tool, crypto online.
Ukrainian electronic bank plans to offer Bitcoin trading in July
As the government of Ukraine moves forward with legislation related to cryptocurrencies. A major local electronic bank is preparing to launch a Bitcoin trading debit card.
Ukraine’s online banking app Monobank has completed a pilot integration with a cryptocurrency trading platform. This was announced on Monday by Monobank co-founder Oleg Gorokhovsky.
According to the executive, the new integration will allow Monobank users to buy and sell Bitcoin with a debit card. Monobank expects to launch the new feature later this month pending approval from the National Bank of Ukraine, Gorokhovsky said.
Launched in 2017, Monobank operates under the license of Universal Bank, owned by magnate Sergey Tigipko, former head of the central bank and former deputy prime minister of Ukraine. In August 2020, Monobank’s user base amassed more than 2.5 million customers.
REvil ransomware group attacks hundreds of companies worldwide, demands $ 70 million ransom in Bitcoin
A group of cybercriminals is demanding $ 70 million in Bitcoin to return the hijacked data to hundreds of companies around the world.
The ransomware group allegedly led by Russian cybercriminals, REvil, has orchestrated a massive attack that has paralyzed the operations of multiple companies. According to various news outlets, the attackers have used Kaseya. A software platform designed to help manage IT services remotely, to infect 1 million computer systems.
According to Bloomberg, the attack has affected more than 1,000 companies in a domino effect. Among them, a supermarket chain in Sweden told the outlet that it was unable to open 800 of its stores on Saturday after the attack caused its cash registers to malfunction.
Cryptocurrency ban in China is ‘great opportunity for Canada’, says head of mining company
China’s regulatory crackdown on cryptocurrencies continues to complicate major miners. Dubai-based investment firm IBC Group plans to terminate mining operations for Bitcoin (BTC) and Ether (ETH) in China. After the ban announcements from the different provinces across the country.
The group has major mining operations in China and plans to distribute its operations to the United Arab Emirates, Canada, the United States, Kazakhstan, Iceland and several countries in South America, according to the sources. IBC Group recently moved its headquarters to Toronto, Canada.
Commenting on the crackdown on cryptocurrencies with a focus on mining activities, IBC Group President and iMining CEO Khurram Shroff said it is a temporary inconvenience.
- Coinbase is looking to recruit “hundreds” of recruits for its new hub in India and is offering a $ 1,000 incentive in crypto.
- The exchange seeks to tap into the country’s “world-class community” of engineers, technology builders and entrepreneurs, Gupta wrote.
- The company wants to “hire hundreds of world-class engineers in the short term.” To fill your outpost in India, you currently have 20 different vacancies listed.