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Daily Bitcoin and Crypto Analysis

This week in crypto...

June 13, 2021
On Monday, a US government taskforce recovered $2.3 million in crypto from the Colonial Pipeline attack last month.

“Today, we turned the tables on DarkSide. [...] By going after the entire ecosystem that fuels ransomware and digital extortion attacks, including criminal proceeds in the form of digital currency, we will continue to use all of our tools and all of our resources to increase the cost and the consequences of ransomware attacks.”

On Tuesday,

Eduardo Murat Hinojosa, a senator of the Mexican federal government, tweeted his intentions to foster bitcoin adoption in Mexico. 

Voy a promover y proponer ante la Cámara de Diputados un marco legal para las criptomonedas en México #BTC. I will be promoting and proposing a legal framework for crypto coins in Mexico's lower house #BTC. 

On Wednesday, 

Elizabeth Warren called Bitcoin a "bogus" currency, claiming cryptocurrency: 

“...Has created opportunities to scam investors, assist criminals, and worsen the climate crisis. The threats posed by crypto show that congress and federal regulators can't continue to hide out, hoping crypto will go away. It won't. It's time to confront these issues head on."

El Salvador's President,  Nayib Bukele, announced he wants to create volcano-powered Bitcoin miners in the country. His tweet announcement stated: 

I’ve just instructed the president of @LaGeoSV (our state-owned geothermal electric company), to put up a plan to offer facilities for #Bitcoin mining with very cheap, 100% clean, 100% renewable, 0 emissions energy from our volcanos. This is going to evolve fast! 

On Thursday,

Multi-trillion dollar asset manager State Street announced it will be launching a cryptocurrency division. CEO Ron O'Hanley said: 

“Digital assets are quickly becoming integrated into the existing framework of financial services, and it's critical we have the tools in place to provide our clients with solutions for both their traditional investment needs as well as their increased digital needs.”

On Friday, 

Bitcoin's taproot update was locked in for November on block 687285 after all recognized mining pools signaled for it. 

The New York state bill asking for a crypto mining ban for 3 years from earlier this week failed in the senate. 


For more on these stories, visit: 

https://cointelegraph.com/news/us-officials-recover-2-3m-in-crypto-from-colonial-pipeline-ransom

https://twitter.com/eduardomurat/status/1402257568580390923?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1402257568580390923%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fmexico-lawmakers-aim-to-follow-the-example-of-neighboring-countries-with-proposed-bitcoin-legislation

https://twitter.com/nayibbukele/status/1402680890057166858

https://cointelegraph.com/news/elizabeth-warren-compares-bogus-crypto-to-legitimate-cbdcs-in-senate-hearing

https://newsroom.statestreet.com/press-releases/press-release-details/2021/State-Street-Launches-New-Division-Dedicated-to-Digital-Finance/default.aspx

https://www.nysenate.gov/legislation/bills/2021/s6486

https://www.coindesk.com/locked-in-bitcoin-taproot-upgrade-gets-activation-mandate

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