A new lawyer came to Ripple to defend Garlinghouse

A new lawyer came to Ripple to defend Garlinghouse

Ripple lawyer James K. Filan, who often shares news of Ripple's legal defense in the SEC case, wrote on Twitter that a new lawyer has joined Ripple team. Nicole Tatz of Cleary Gottlieb Steen & Hamilton LLP.

Tatz will represent the interests of Brad Garlinghouse, CEO of Ripple.

According to the law firm's website, Tatz focuses on litigation and law enforcement.

As a new lawyer joins the Ripple team, one of the commission's lawyers and the stock exchange and securities are off the battlefield.

As previously reported by U.Today, (Dugan Bliss) Senior Adviser to the Court at the Securities and Exchange Agency has left the Securities and Exchange Commission after more than ten years at the SEC. Currently, he is seeking court permission to withdraw from the Ripple case.

Hassan Rouhani: [Cryptocurrencies] may soon become legal in Iran

Hassan Rouhani: Cryptocurrencies may soon become legal in Iran

Save "Cryptocurrencies may soon be legalized in Iran," Iranian President Hassan Rouhani told a meeting of the Economic Coordination Board.

In order to legalize the activity of digital currencies and protect the capital of the people in this field, we must think of a solution as soon as possible and lay down the necessary laws and instructions.
Although Iran has not imposed any regulatory or structural restrictions on digital currencies, laws were passed last year that allowed the use of bitcoins for imports. Recently, the country issued a temporary ban on bitcoin mining operations until September 22 due to fears of blackouts at the height of the electricity demand season.
Rouhani denied involvement in the temporary ban on mining activities. "The Ministries of Communications and Information Technology and Energy are responsible for power outages in these centers," he said.

The authorities in charge of the capital market should cooperate with the media and cyberspace in the field of information, education and public awareness about this phenomenon and its instructions and laws.
Iran's presidential election will be held next week. It is unclear whether Rouhani is trying to gain some concessions or whether the new government will maintain a pro-digital currency stance.

Is bitcoin mining by {volcanic energy} happening in El Salvador?

Is bitcoin mining by volcanic energy happening in El Salvador?

El Salvador President Najib Abu Quilla announced on Twitter that he had instructed LaGeo, the state-owned heating company, to come up with a plan to extract bitcoins using volcanic energy.

The idea was suggested to Najib Abu Kiley today in a live audio conversation on Twitter.

There are about 20 active volcanoes in the country. The Chaparrastique volcano has erupted 25 times in the last 500 years.

El Salvador's geothermal energy is completely clean and renewable.

In the early hours of Wednesday, a majority of lawmakers voted in favor of President Nayib Bukele's plan to use bitcoin in Latin America. Also in this country, from now on, anyone who invests 3 bitcoins in the El Salvadorian economy can obtain permanent residence.

In addition, El Salvador holds approximately $ 150 million in bitcoin in its trust fund.

World |Gold| Review Thursday, June 10

World Gold Review Thursday, June 10

The price of gold continues its previous downward trend. Recent decisions by the European Central Bank (ECB) monetary policy and consumer price index (CPI) data on Thursday reflect policymakers' thinking about the next stimulus package. Meanwhile, the four-hour gold price chart paints a bearish picture.

Sellers can target immediate support in the horizontal trend line connected to the previous price floor at the level of $ 1881. Crossing this level could cause the price to drop to the lowest level recorded on June 4, ie $ 1856. Previously, an area of ​​demand around $ 1865 could allow some cows to operate.

Any attempt to improve prices could face tough resistance around the $ 1891-1895 area; At this level, simple moving averages of 21, 50 and 100 days collide. In addition, the resistance of the triangle at the level of $ 1900 can challenge this uptrend. Last month's high of $ 1913 is a point to be optimistic about.

Gold futures fell 0.35% to $ 18,888.95 at 11:23 pm Eastern time. The dollar, which usually moves in the opposite direction to gold, is rising as the 10-year US Treasury returns fell below 1.50% for the first time since May 7.

*Apple's market [value] is expected to reach $ 3 trillion by 2022

Apple's market value is expected to reach $ 3 trillion by 2022

During yesterday's trading session, Apple Stock (NASDAQ: AAPL) rose about 0.21%, ending yesterday's session with a market value of about $ 2.1 trillion. Today, Apple is trading at $ 127.13, up 0.39%. Meanwhile, Dan Eves, a well-known market analyst from Wedbush, has stated that he expects the company to reach a market value of $ 3 trillion by 2022.

AAPL Stock Outlook

Among FAANG shares, Apple was the second lowest performing company. The company has fallen 4.48% since the beginning of the year. This decrease reached 11.7% in December.

Nevertheless, the $ 2.1 trillion tech giant still tops the list of the world's most valuable companies. The company's market value crossed the $ 1 trillion mark in 2018 and the $ 2 trillion mark in 2020, creating a trend that is expected to cross the $ 3 trillion mark in 2022.

Ives' view is particularly uplifting about the company's $ 1 trillion software business. He expects the figure to reach about $ 1.5 trillion soon, which in turn will help boost the company's market value.

What is [mina protocol] Cryptocurrency?

What is mina protocol Cryptocurrency?

Mina Digital Protocol and Currency is known as the world's smallest blockchain with a volume of 22 KB. The cryptocurrency of this platform is known by the symbol of MINA in the cryptocurrency market.

Other blockchain protocols are very heavy and require intermediaries to execute the nodes. But Mina's digital platform and currency is very light, so anyone can connect peer-to-peer and quickly sync and validate the chain.

With the help of Mina Digital Currency, anyone who synchronizes the chain confirms the transactions like a complete node. The design of the MINA digital currency means that any participant can participate in the stock proof consensus. Access to strong censorship resistance and secures Lakchin.

Mina Cryptocurrency

Other blockchain platforms are not connected to the Internet and limit the scope and use of its applications. But Mina’s Snapps can interact specifically with each website and access verified real-world data for online use.

As a result, developers can use information in calculations and decisions to change anything from how they work on a daily basis to other things without compromising privacy. Other blockchains are managed by powerful ecosystems. But enamel is supplied by participants with a limited number of block manufacturers.

 In fact, Mina Digital Currency is one of the largest and most active communities among all cryptocurrency projects in the world that has been launched recently. If you like to buy MINA‌ digital currency The best exchanges for buying and selling MINA digital currency and tokens right now are OKEx, BitZ, Kraken, Bilaxy and Coinlist Pro.

Enamel digital currency function

Thanks to a character whose true identity we do not yet know, the famous Satoshi, our eyes were opened to the dream of a new financial system. But since then, a wide range of technology limitations have limited the community of cryptocurrency developers and developers.

It is important to note that issues such as data privacy, network congestion, transaction costs, ease of use, and ease of integration into traditional services have all played a role in limiting progress. But MINA digital currency is seen as a revolution in this field and a solution to all limitations. Mina is the first blockchain protocol with a very limited volume, compact and the size of only a few tweets.

The Mina Digital Currency Protocol retains its small size even for users with decades of experience. The small MINA digital currency chain makes it possible for anyone on any device to validate the entire chain as a complete node.

MINA Digital Currency and Token is a stock-proof protocol for scheduled payments, non-stop programs, unauthorized privacy, distributed computing, and pervasive consensus managed by its participants and secured with encryption.

Permanent residence in[ El Salvador] for {crypto} entrepreneurs

Permanent residence in El Salvador for crypto entrepreneurs

As we reported a few days ago, the President of El Salvador, Najib Abu Quilla, announced during the Miami Conference that the country intends to accept bitcoin as a currency in the country. Now the 39-year-old has added to the appeal of his proposal on Sunday with his new remarks on Twitter. Abu Kileh announced in his latest tweet that:

"The government immediately grants permanent residency to crypto entrepreneurs."

Today, his proposal was approved by 62 official members of parliament against 19 votes against. Explaining the bill, Bokle added that the country is also proposing a new law to parliament that would allow anyone with a 3-bitcoin investment in the El Salvadorian economy to obtain permanent residency.

It is interesting to know that the official currency of El Salvador is the US dollar. About a quarter of El Salvadorians live in the United States, and last year sent more than $ 6 billion in remittances, despite the Corona epidemic.

Abu Kileh acknowledged that the move was aimed at creating jobs and providing employment opportunities for thousands of people who now operate outside the country's legal economy. He noted that 70 percent of the population now does not have a bank account and operates in an informal economy.

Revolut banking services application added+ Dogecoin| to its trading platform

Revolut banking services application added Dogecoin to its trading platform

Dogecoin , London-based Revolut, announced today that it will be available for purchase, sale and maintenance in the Roulette app along with 29 other digital currencies.

Roulette is an application that provides mobile banking services and is known in the UK as the "Challenging Bank", a term used for digital banking startups. The company said today that Dogecoin , the sixth digital currency with a market value of more than $ 40 billion, is a popular demand among its users.

Dogecoin has received a lot of attention over the past year. Its price has risen more than 12,000 percent in the last year, in part due to Ilan Mask tweets. Today, the Dogecoin trades at around $ 0.32.

Bitcoin{ became} the official currency of [El Salvador]

Bitcoin became the official currency of El Salvador

El Salvador officially introduced bitcoin as legal tender.

In the early hours of Wednesday, a majority of lawmakers voted in favor of President Nayib Bukele's plan to use bitcoin in Latin America. The president plans to sign the law tonight or early in the morning.
Sixty-two members of parliament, along with 19 votes against and 3 abstentions, voted in favor of the bill.

In a Twitter conversation on Wednesday morning hosted by Nick Carter, co-founder of Castle Island Ventures, Najib Abu Qileh gave more details about his vision, saying that to increase financial inclusion in a country where 30% of citizens have access to financial services We are trying, and users do not just need to use a government wallet.

The President of El Salvador also added in the conversation that the country is drafting a new law that anyone who invests 3 bitcoins in the economy of El Salvador can obtain permanent residence.

He added: "This bill obliges all businesses to accept bitcoin as a means of exchanging goods or services, and the government will act as a support for institutions that do not want to risk the cryptocurrency market." Accept because of its instability. The government may also support bitcoin mining.

World Gold Review Tuesday, June 8

World Gold Review Tuesday, June 8

The upward trend in gold prices is reversing above $ 1,900 as cows in the US dollar market return to their bids amid deteriorating market conditions. After falling sharply on Monday following Janet Yellen's recent remarks, the US dollar is now trying to recover some of that loss.

Gold ended the North American trading session with an increase of about 0.4% and its price rose from $ 1881 to about $ 1900.19. At the time of writing, the XAU / USD has risen about $ 0.13 percent, from $ 1,899 to about $ 1902.

The dollar index (DXY) fell 0.21 percent to 89.946. The US Treasury 10-year benchmark was last seen at 1.569%, down from 1.628% on Friday.

From a technical point of view, the price has reached an area of ​​horizontal resistance above the 10-day moving average. Proximity to the uptrend line in the daily timeframe is also a resistance that could limit the strong uptrend that continued on Monday.

The 4 and 20 hour moving averages are also bullish at this stage, while the 10-day moving average crosses the 20-EMA chart.

In contrast, in the hourly time frame, it is possible to correct the price to the previous resistance and cross the correction level of 38.2% Fibonacci and the moving average of 21 hours before the next move.

The main factor behind these moves could be increased optimism about coronavirus vaccination in the West and readiness to reduce the limitations caused by the epidemic. Also, according to data from the Federal Reserve Bank of St. Louis, the lowest level of inflation expectations in the last six weeks in the United States, in addition to lower unemployment, were other factors contributing to this trend.