Hey, Your Crypto Newsletter for June 14, 2021

If you are interested in cryptocurrencies, this newsletter is for you. [FeedBinary Newsletter]( You Might Like     [Learn more about RevenueStripe...](   [Indian Government May Regulate Crypto as Asset Class: Report](  India may be regulating crypto as an asset class under the purview of the Securities and Exchange Board of India (SEBI). In addition, a crypto bill is likely to be introduced during the Monsoon session of parliament, local media reported. Indian Government Reportedly Considers Regulating Crypto as an Asset Class The Indian government has yet to introduce a cryptocurrency bill. An existing bill seeks to ban cryptocurrencies. However, there have been reports of the government re-evaluating the recommendations within the bill. The New Indian Express reported Friday that top sources tracking the crypto industry told it that “the government has moved away from its earlier hostile stance towards virtual currencies and will most likely classify bitcoin as an asset class in India soon.” The publication further conveyed:  Market regulator Securities and Exchange Board of India (SEBI) will oversee regulations for the cryptocurrency sector after bitcoin’s classification as an asset class.  [Read More](  [Elon Musk’s Tweet Did It Again! Bitcoin Jumps as Tesla Shares Future Plan with Crypto](  Elon Musk did it again! Bitcoin price climbed above $39,000 after Tesla chief executive had indicated that electric carmaker will resume transaction with cryptocurrency. In a reply to an article which criticises the celebrity CEO for ‘manipulating Bitcoin price’, Musk mentioned Tesla will resume transactions with the cryptocurrency when mining is done with more clean energy. “When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions,” the celebrity CEO tweeted after Sygnia chief executive had criticised Musk for ‘manipulating bitcoin price,” Elon Musk said in a tweet. Tesla chief also said that Tesla sold about 10% of holdings to confirm bitcoin could be liquidated easily without moving market. Following Tesla’s future plan, Bitcoin rose nearly 10% on a day to $39,021.54 at 0800 hours IST on Monday on coinmarketcap.com Index. It was the largest one-day percentage gain since June 9. On May 13, Musk announced that Tesla will no longer allow vehicle purchases using bitcoin due to environmental concerns. CEO said that, “Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment. Tesla will not be selling any Bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy.” Bitcoin plunged by around 10% soon after the tweet.  [Read More](   [As blockchain becomes widely used in banking, what are its security risks?]( Blockchain provides greater data transparency and security than ever before, but the technology is not immune to cyber attacks and data breaches. Today, everybody understands the importance of investing in technology and the surplus returns it brings. Blockchain is currently one of the hottest technologies on the market. Not only have investors made their fair share of investments in blockchain for the first time ever, but investment banks also now issue bonds using this technology. What is blockchain technology, and why now? Blockchain technology is a form of decentralized database that stores information in “blocks” that are chained together. It computes, stores and analyzes data stored in this database and functions differently from the traditional centralized database in very specific ways. ● Blockchain is decentralized because no single individual controls the information within the database or network. It is accessible to anyone around the world to command or access. [Read More]( You Might Like     [Learn more about RevenueStripe...]( Connect with FeedBinary on social media [Facebook]( [Twitter]( [Linkedin]( You received this email because you operate or create content for a website/service and based on your website it seemed like this could be important information to you and your users. This newsletter is managed by [Postbox Consultancy Services Pvt. Ltd](.C-4/5, IBD Emporia, Kolar Road, Bhopal, Madhya Pradesh, INDIA, 462042 Want to change how you receive these emails? [Update your preferences]( or [Unsubscribe]( Â