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news of the week
We will deliver the news of the week (5/27-6/2) together.
Bitcoin (BTC) price analysis by JP Morgan analysts was the most read article this week.
Regarding the crypto asset (virtual currency) market, the May 29 report that summarizes the rebound in the Bitcoin price as concerns about a US default have receded is attracting attention.
In addition, the news that reported on the travel rule compliance of bitFlyer, a major domestic exchange, also attracted a lot of attention.
table of contents
- This week’s news ranking
- Market news ranking
- Virtual Currency/Blockchain Industry News
This week’s news ranking
1st place: JP Morgan analyst points out the possibility that Bitcoin will reach $ 45,000 (5/29)
JP Morgan analysts suggested Bitcoin could reach 6.3 million yen ($45,000) in the latest price forecast in a client memo. It explains the rationale for the analysis. (the article ishere)
2nd place: bitFlyer announces restrictions on deposits and transfers of crypto assets in response to travel rules (5/30)
On the 30th, bitFlyer announced countermeasures for the introduction of the “Travel Rule”. Restrictions apply to all corporate and individual customers who deposit and send crypto assets on bitflyer. (the article ishere)
3rd place: The revised Fund Settlement Act, which came into effect on June 1, will allow the issuance of domestic stablecoins, which will also benefit multinational companies (5/31)
With the enactment of the revised Payment Services Act, interest in the possibility of issuing legal currency-backed stablecoins has skyrocketed. For foreign-issued stablecoins, distributors, not issuers, will be required to secure assets. (the article ishere)
Market news ranking
1st place: Bitcoin rebound due to receding default concerns, 3 backgrounds that change the tide (5/29)
Bitcoin price rebounded to $28,129, up 3.78% from the previous day. Although uncertainty over the U.S. debt ceiling issue continued, President Biden reached an agreement in principle with Speaker of the House of Representatives McCarthy and indicated a policy to submit a bill to raise the debt ceiling to the Congress, creating a risk-on mood. Spread. (the article ishere)
2nd place: Bitcoin is slowing down, watch the future of the US debt ceiling bill (5/30)
Bitcoin fell 1.19% from the previous day to $27,760. The price climbed to $28,500 in response to an agreement in principle between the US ruling and opposition parties on the US debt ceiling issue, which had weighed on the market, but it took a break as a reactionary fall after the sharp rise. (the article ishere)
3rd place: Default concerns recede, US stocks rebound, c3.ai falls sharply after financial results (6/2)
US stocks rallied as fears of a US default receded. Shares of c3.ai, which offers artificial intelligence applications, plunged after a weaker-than-expected revenue outlook. (the article ishere)
Virtual Currency/Blockchain Industry News
Popular series latest work “GTA6”, rumors of virtual currency introduction resurfaced (5/28)
Rumors have recently reignited that cryptocurrencies could be introduced into Grand Theft Auto 6, the latest installment in the popular game from major game studio Rockstar Games. The GTA series is a world-famous open-world crime action game. (the article ishere)
Nike collaborates with US game giant EA to improve Web3 sports experience (6/2)
Leading sports brand Nike and leading digital entertainment company Electronic Arts (EA) today announced a new partnership. The purpose of the partnership is to enhance and personalize the virtual sports experience. (the article ishere)
Zaif decides to end crypto asset FX service and abolish “Type 1 financial instruments business” (June 1)
Cryptocurrency exchange Zaif announced on the 1st that it will end its cryptocurrency FX service. It ends on the Bitcoin (BTC/JPY) and Ethereum (ETH/JPY) currency pairs, and any positions remaining after July 26 will be liquidated. (the article ishere)
Binance to delist 12 privacy stocks in Europe (June 1)
Binance announced on May 31 that it will stop offering trading of privacy-related stocks in the European market. Countries covered are France, Italy, Poland and Spain. (the article ishere)
ANA Group launches NFT marketplace, preparing metaverse (5/31)
On the 30th, the ANA Group launched the world’s first NFT (non-fungible token) marketplace as an airline group. The company also plans to promote ANA GranWhale, a virtual travel platform. (the article ishere)
To promote Japan’s Web3, the Liberal Democratic Party approves the proposal of the “New Capitalism Implementation Headquarters” as a growth strategy (5/31)
Liberal Democratic Party lawmaker Taira Masaaki, chairman of the “web3 project team (PT)”, said on the 30th that the proposal formulated by the “New Capitalism Implementation Headquarters” was approved by the Liberal Democratic Party Policy Research Council and became the Liberal Democratic Party’s growth strategy. reported that (the article ishere)
The post Weekly cryptocurrency news | JP Morgan’s BTC price analysis attracts attention, remittance restrictions on domestic exchanges, etc. appeared first on Our Bitcoin News.
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