Crypto News – 04 June – Bitcoin falls below $8000, Binance launches GBP-backed stablecoin and more
— AMBCrypto (@CryptoAmb) 4 June 2019
Daily Crypto News – June 4
1) Andreas Antonopoulos on Bitcoin’s potential: In a new podcast, Antonopoulos discussed how cryptocurrencies, including Bitcoin, can help every individual earn financial independence from existing institutions. While explaining the underlying technology, he clarified the common misconception associated with proof-of-work and energy wastage.
Read more at https://bit.ly/2QLNOmz
2) Ripple’s Q2 2019 XRP sales: In an attempt to address concerns over inaccuracies in the reported volume by cryptocurrency exchanges globally, Ripple, the US-based blockchain tech firm, in a recently released post, introduced a new set of steps and a new approach to the second quarter of 2019.
Read more at https://bit.ly/2WlEPyp
3) Harmony trending on Binance DEX: At press time, Stephen Tse, the Founder of Harmony, announced that the ONE token accounted for 99.19% of the total volume on Binance DEX, making it the largest token being traded on the largest decentralized exchange in the world.
Read more at https://bit.ly/317IMWj
4) Bitcoin [BTC] drops below $8,000: For several days, Bitcoin was sluggish and remained below the $9,000 mark, trading sideways and exhibiting little to no drive for an upward push. After reaching the peak of $8,950, a major sell-off ensued on several exchanges, with the cryptocurrency falling by 3.07 percent in one hour, immediately following the 2.44 percent gain that pushed BTC’s price to the aforementioned price point on 30 May.