China’s crypto market is absent? Beijing’s crackdown keeps sending shockwaves

Given that the commence of the summer months, a collection of steps from Chinese authorities to control cryptocurrency investing and mining have dominated the crypto information cycle. 

From urging fiscal company vendors to throttle cryptocurrency-similar transactions to purchasing a crypto trading computer software company shut down, the initiatives coming out of Beijing and their repercussions are greatly thought to have contributed significantly to the current current market downturn.

What motivates this new round of hostile steps, and how will they have an effect on the cryptocurrency place of the country that had after accounted for some two-thirds of the worldwide electronic asset source? On top of that, it appears to be that regardless of what takes place in China is acquiring a fantastic influence on other elements of the earth, which does not look to be damaging.

Propping up the electronic yuan

It is not hard to observe how the intensifying clampdown on investing and mining of decentralized cryptocurrencies will come hand-in-hand with the ramping up of China’s central lender electronic forex (CBDC) venture. As part of the Digital Forex Digital Payment method screening, stacks of the federal government-issued digital dollars have currently landed in the wallet apps of some 200,000 Chinese citizens chosen by means of a lottery. It seems as if much larger-scale trials and broad implementation can be expected in just months.

When it will come to the distribution of political or economic ability, Chinese leadership is not in the practice of advertising and marketing pluralism and

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Market Wrap: Bitcoin Outperforms Top Cryptocurrencies in June

Bitcoin traded lower on Wednesday as traders took profits into the June close. The world’s largest cryptocurrency is on track for a record second-quarter price drop of 41%, snapping a four-quarter winning streak that saw prices chart a sixfold rise to almost $65,000 in April. 

The crypto sell-off over the past quarter was triggered by regulatory crackdowns, concerns about tighter monetary policy, environmental issues and a slowdown in institutional demand. Selling stabilized in June, leaving bitcoin in a tight range of between $30,000 and $40,000. 

Bitcoin was trading at around $34,000 at press time and is down about 4% over the past 24 hours.

“Price swings reinforce the idea that volatility is a fundamental part of a nascent and expanding market,” Steve Elrich, CEO of crypto exchange Voyager Digital, wrote in an email to CoinDesk. “Investors are still buying the dip.” 

Latest prices

  • S&P 500: 4300.4, +0.2%
  • Gold: $1769.5, +0.5%
  • 10-year Treasury yield closed at 1.458%, compared with 1.473% on Tuesday

Relative performance in June

Bitcoin outperformed other large market-cap cryptocurrencies in June with a decline of 2.7%, versus declines of more than 30% in XRP, EOS and LINK.

The decline in altcoins stabilized bitcoin’s dominance ratio, or relative market share, at around 45%. There are signs, however, that altcoin demand has risen in recent weeks.

“While bitcoin remains in our top weekly net buys, we are seeing other altcoins gaining popularity in the wake of its dip, including SHIB and ETH which took the top two spots for

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Next-Generation Of SexTech Entrepreneurs Is Here, Disrupting The $37 Billion Sexual Wellness Market

Statista estimates the market size of the sexual wellness market to reach $37.2 billion dollars by 2023. This growing industry, ripe with potential and opportunity, is more than just sex gadgets and apps, as some might assume. Sexual health education, data gap related to female pleasure, and lack of research related to women’s health are some of the main reasons many of the sextech startups exist and build their innovative products around – while sexual exploration is important in and of itself, a huge potential lies in bridging the gap of female sexual function in health and medicine. And rightfully so. 

One example is cardiovascular health. Since Viagra and Cialis became available for erectile dysfunction, it’s a well-known fact that if you have blood flow difficulties down there, you may be at a higher risk of cardiovascular disease, heart attack, and death. The same sort of research on female sexual response and cardiovascular health is not well established (due in part to the taboos and limitations in research in this area)—even though heart disease is the leading cause of death for women in the United States. That’s just one area—there are many different health conditions, diseases, and pharmaceutical effects where studying female sexual function could be beneficial in tracking changes in health or medication side effects.

It’s important to note that this research doesn’t exist

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How will EOS accomplish in June’s crypto market place?

EOS plummeted in selling price in the course of May’s crash — are investors now wanting at a discount?

In just just a month of hitting the $14 price position, the decentralised programs infrastructure EOS is again to fluctuating among $4 and $7, leaving buyers puzzled about the upcoming of the cost of the token. The altcoin, which focuses on delivering a system for business-scale Decentralised Purposes (dApps), has frequently been highlighted as a competitor to Ethereum.

With considerations about Ethereum 2. heightening as deadlines turn into additional and far more stretched, could June be an opportunity for EOS to decide up some steam? In this report, we’ll study the recent rate of EOS, look at some things that could affect its rate in June, and lastly make a forecast for the EOS value this month.

EOS Coin Price Evaluation

All through the early phases of its ICO, EOS strike its all-time low of $.48 but the coin shortly managed to crank out fascination and reached the $1 cost stage. By April 2018, months immediately after EOS was formally launched, the token had managed to produce significantly buzz and enthusiasm, primary to its all-time superior price tag of $22.89. Nevertheless, the attraction toward the new token in the industry quickly died down and the detrimental sentiment surrounding Bitcoin also influenced the token. EOS finished the yr at $2.56. Given that then, even though the token has once in a while crossed the $10 selling price place, it has failed to

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