On this edition of the Crypto.IQ Daily Radio Show, we do a deep dive market analysis. The crypto market is generally in the red this morning, aside from Litecoin (LTC) which is seeing strong gains due to speculation ahead of the block halving in less than two months. Bitcoin (BTC) is trading in a range between $7,500 and $8,100 and is on a general downtrend since the CME Bitcoin futures expiration at the end of May. We discuss how Russia will likely pass crypto regulations, which will ban crypto mining and exchanging, although holding cryptocurrency will remain legal. Simultaneously, Russia may set up a crypto free trade zone on the border of China. Hear about how CCN, one of the top crypto news sites, has shut down due to a sudden loss of 90% of its revenue following a change in Google’s search engine algorithm. This shows the importance of decentralization, i.e. not depending on any particular centralized organization when running a crypto business. Learn how the popular crypto lending platform MakerDAO has seen strong long-term gains despite short-term issues with high interest rates. We also discuss how Bittrex has delisted 32 cryptocurrencies in the United States due to increasingly stringent securities laws.
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