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Ripple files to squash ex SEC director's deposition. El Salvador to gift every adult citizen $30 in BTC. Peter Schiff is at it again pooping all over Bitcoin. Can Bitcoin reclaim the $40,000 mark? BitTorrent burns of 19% of its bid. This, and so much more this week on CoinChpater.com
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Must-reads from our recent coverage.
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Ripple Labs subpoenaed former Director of SEC’s Division of Corporation Finance, William H. Hinman, for a deposition. However, on June 24, SEC filed a motion against the subpoena, arguing that Ripple Labs cannot 'meet the burden' of showing 'exceptional circumstances' that justify the deposition.
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Nayib Bukele, the president of El Salvador announced his government will give $30 worth of Bitcoin (BTC) to every adult citizen.
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The current Bitcoin price momentum does not necessarily instill too much market confidence. The world's leading cryptocurrency can retake the $40,000 level soon. Several metrics and indicators hint at such an upcoming development sooner than people may think.
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Most cryptocurrency enthusiasts will know all too well that Peter Schiff will never say anything positive about Bitcoin. Nor does anyone expect him to, as his bearish Tweets often help the market recover. In the latest edition of "Things Peter Schiff Says About Bitcoin," the gold bug claims institutions likely have lost interest in the world's leading cryptocurrency.
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BitTorrent bulls should look for cover as bears drop one bomb after another over its native token BTT to destroy its market value.
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