Crypto News Digest May 30 – June 5

May 30, 2021

Indian banks sends cautionary email to customers to adhere to RBI guidelines and refrain from crypto transactions

U.S. Senator Rick Scott urged Treasury Secretary Janet Yellen to take massive action on cryptocurrency scams, which have cost consumers at least $80 million.

Ripple stops US securities and exchange from accessing its legal concerns for XRP.

May 31, 2021

Dogecoin dramatically overvalued – Grayscale CEO, Barry Silbert

Justin Sun, CEO of Tron believes that Bitcoin bull market will resume between July and August having agreed with Elon Musk’s view on Bitcoin energy concerns

India’s central bank gives clarityclarity to banks dealing with crypto customers

June 1, 2021

Cryptocurrencies’ Rising Popularity Is “of Great Concern,” Says Irish Central Banker and new chairwoman of European Securities and Markets Authority Derville Rowland

Crypto mining companies flee China following the State Council of China recent announcement of a crackdown on bitcoin mining and trading practices.

June 2, 2021

Former Congressman Ron Paul: ‘Bitcoin should be legalized as money, let it compete with Dollar’

“I’d rather have bitcoin, than a piece of ‘fake’ paper” – ‘Rich Dad, Poor Dad’ Author, Robert Kiyosaki

Billionaire Bitcoin bull Mike Novogratz says the cryptocurrency will not be used as a payment system, but rather should be bought and used for protection against ‘insane’ global deficit

June 3, 2021

A major stakeholder and maker of bitcoin mining machines in China, Canaan Inc. argued against an indiscriminate crackdown on cryptocurrency mining in China, saying that the business helps make better use of electricity, and contributes to employment and the local economy.

Russia’s largest digital bank, Tinkoff says it’s prepared to launch crypto services but faces regulatory challenges.

Korean crypto market, one of the biggest market for cryptocurrencies  has just received a $20 million boost for Solana expansion

June 4, 2021

Twitter CEO, Jack Dorsey says he’d spend his whole life developingdeveloping Bitcoin he he didn’t work for Twitter.

Cardano Reddit community surpasses 500k subscribers as it becomes one of the largest cryptocurrency community globally.

“Everybody should have their own mind and choose what cryptocurrency they wanna choose,” Floyd Mayweather speaks highly of cryptocurrencies at the Fox Business Network

June 5, 2021

Kais Mohammad a resident of Orange County, South California will spend the next 24 months in federal prison for operating an illegal Bitcoin ATM service processing up to the sum of $25 million.

Iranian Minister Farhad Dejpasand has said that using technologies to produce cryptocurrencies could help Tehran bypass sanctions, as President approves mining in the country.

World’s largest Bitcoin event held in Miami with thousands in attendance to GlorifyGlorify the flagship cryptocurrency.

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