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Former US Treasury Secretary ceased to be an opponent of Bitcoin

Former-US-Treasury-Secretary-ceased Stephen Mnuchin | Former US Treasury Secretary

Former US Treasury Secretary Stephen Mnuchin has changed his hostility towards Bitcoin to a more loyal one. However, he himself is not going to invest in cryptocurrencies. The administration of former US President Donald Trump was known for its disdain for cryptocurrencies, and Trump called Bitcoin a "scam." 

Glassnode: stabilization of the Bitcoin rate – “the calm before the storm”

Glassnode-stabilization-of-the-Bitcoin Glassnode: stabilization of the Bitcoin rate

Bitcoin price has been holding in a narrow corridor between $ 30,000 and $ 35,000 for several weeks. Glassnode analysts have named the factors that can push the Bitcoin rate up. After recent fluctuations in the cryptocurrency market associated with bans by the Chinese authorities on mining and trading cryptocurrencies, the Bitcoin rate has stabilized and is holding in a narrow range. 

Willie Wu: indicators signal an imminent recovery of Bitcoin

Willie-Wu-indicators-signal-an-imminent-recovery Willie Wu | Cryptocurrency analyst

Cryptocurrency analyst Willie Wu believes the market has not yet become bearish. The speedy recovery of the Bitcoin rate is hinted at by the data of the indicators of the blockchain operation. During the podcast "What Bitcoin Did," Willy Woo emphasized that he sees no signs of a classic bear market. 

Meltem Demirors: long-term investors are not afraid of the fall of Bitcoin

Meltem-Demirors-long-term-investors Meltem Demirors | CoinShares Development Director

CoinShares Development Director Meltem Demirors described the recent drop in Bitcoin as a normal market correction that weeds out panic-prone traders. After Bitcoin's April high attempting to cross the $ 65,000-mark, novice traders may be worried about the current decline. Demirors is convinced that after 200 days of the rise in the cryptocurrency market, its subsequent fall is quite normal, since the price of any asset cannot constantly go up. 

Texas banks can store cryptocurrencies on behalf of customers

Texas banks Texas banks can provide such custodial services

According to the published document, banks can provide such custodial services provided that they have developed appropriate policies for effective risk management and compliance with applicable legislation. Given that cryptocurrencies do not exist in physical form, but in the blockchain, the owner of cryptocurrencies has private keys with which he can access them. The regulator explained that banks can store cryptocurrencies on behalf of customers by storing copies of their private keys, while users will be able to have direct control over their crypto assets.

Google will lift the ban on advertising cryptocurrency exchanges and wallets in the US

Google-will-lift-the-ban-on-crypto Google will lift the ban on advertising cryptocurrency exchanges and wallets in the US

Google will allow cryptocurrency exchanges and wallets from August 3 to advertise their services to American users, subject to certain conditions. In 2018, Google banned advertising of all financial instruments that could pose risks to users, and cryptocurrencies were no exception. 

David Rubenstein: cryptocurrencies will remain in the market, like gold

David-Rubenstein-cryptocurrencies David Rubenstein | American businessman, billionaire and investor

American businessman, billionaire and investor David Rubenstein believes that cryptocurrencies will remain in the financial market for a long time, as will gold. During the Squawk Box program on CNBC, Rubenstein revealed that he himself did not personally buy cryptocurrencies directly. 

Anthony Scaramucci: Bitcoin is an “apex predator” in the cryptocurrency market

Anthony-Scaramucci-Bitcoin-is-an-apex-predator Anthony Scaramucci | SkyBridge Capital founder

SkyBridge Capital founder Anthony Scaramucci believes that the popularity of altcoins does not prevent Bitcoin from maintaining its dominance in the cryptocurrency market. At the same time, the Bitcoin dominance index continues to be held at about 40%. According to Anthony Scaramucci, many investors still find it difficult to convince them to pay attention to Bitcoin. 

Stanley Druckenmiller: a blockchain asset could replace the US dollar

Stanley-Druckenmiller-blockchain-asset-replace-the-dollar Stanley Druckenmiller | Former hedge fund manager and billionaire

Former hedge fund manager and billionaire Stanley Druckenmiller believes the US dollar could be replaced by a distributed ledger system. During an interview on CNBC, Druckenmiller noted that the "smart guys" at MIT or Stanford could come up with a "distributed ledger system" that would replace the US dollar around the world. 

Mayor of Miami: it is too late to regulate Bitcoin

Miami-Mayor-Francis-Suarez Francis Suarez | Mayor of Miami

Miami Mayor Francis Suarez believes the widespread adoption of Bitcoin will make it difficult for regulators to impose severe restrictions on cryptocurrency firms and the digital asset industry. Speaking at the Ethereal Summit, Suarez said that it will be difficult for the US authorities to control the activities of firms working with digital assets, even if the necessary changes to the legislation are made. 

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