A third transaction with a transaction fee worth thousands of Ether has confirmed as experts suggest foul play again.
A third intriguing transaction has taken place, this time with a 2,310 Ether (ETH) transaction fee valued at over $540,000 at time of press. Occurring less than 24 hours after the first two transactions with over $5.2 million (10,668.73 Ether each) in fees were processed on the Ethereum blockchain, this new transaction has raised the question of whether there is more than one person involved.
Read more info: https://cointelegraph.com/news/third-ether-transaction-with-huge-fee-suggests-a-new-player-has-joined-the-party

Russia’s Supreme Court for the first time used a blockchain-based system to record votes in a plenary session on Friday.

According to a press release, judges used the Polys app from Kaspersky Lab to record the results of voting on six issues before the court. The session was the latest to take place as a web video conference as part of Russia’s anti-coronavirus measures.

“This voting system is based on a blockchain and is using transparent encryption,” the press release says, adding that the system received a “high appraisal” from the judges of the Supreme Court in the “landmark” vote. The system has been recommended for use in the next plenary session in July.
Read more info: https://www.coindesk.com/russias-supreme-court-makes-landmark-vote-with-blockchain-system-from-kapersky-lab

The week-long calm in the bitcoin market ended with a sudden $800 price drop on Thursday.

The over-6% drop saw the top cryptocurrency by market value register its biggest single-day decline in two weeks, according to CoinDesk’s Bitcoin Price Index. Prices briefly hit lows near $9,100, a level last seen on May 27.

There’s three likely factors as to why this happened:
Read more info: https://www.coindesk.com/why-bitcoin-price-suddenly-dropped-thursday-crypto

Bitcoin’s mining difficulty is set to adjust by 10% within 3 days, meaning operational costs for miners could spike.
Bitcoin’s mining difficulty is set for a minimum increase of 10% in the 3 days, according to data from BTC.com. That means the cost to mine Bitcoin(BTC) will increase significantly in a short period of time.
Read more info: https://cointelegraph.com/news/bitcoin-price-volatility-expected-as-10-mining-difficulty-adjustment-looms

Media magnate Steve Forbes has described crypto assets as “a high-tech cry for help” resulting from the failures of contemporary fiat money systems.
In an interview with the Center for Natural and Artificial Intelligence, Forbes Inc chairman Steve Forbes weighed in on cryptocurrency and the future of money.

Forbes described cryptocurrencies as a “high-tech cry for help” borne from “the instability of government-printed money today.”

Crypto too volatile for currency
Forbes criticized the volatility of crypto assets, describing Bitcoin (BTC) as looking like “steak” one day, and “dog food” the next.

Contrary to many crypto supporters, Forbes took aim at the hard cap on Bitcoin’s supply, stating that many within the virtual currency community have “made the mistake of thinking that if they restricted the supply it would create value.”

The media magnate asserted that effective money commodities “facilitate commerce” and do not “control the economy,” concluding that monetary forms that are overly scarce “become an impediment to commerce.

While noting that crypto assets have seen significant adoption as a store of value in countries like Venezuela and Syria that are facing monetary crises, Forbes emphasizes the appeal of crypto as a symptom of failed economic policy and not the virtues of Bitcoin as a money commodity.
Read more information: https://cointelegraph.com/news/steve-forbes-bitcoin-is-a-high-tech-cry-for-help

Investment firm Wilshire Phoenix just filed with the SEC for a tradeable Bitcoin fund similar to the Grayscale Bitcoin Trust.
Alternative investment firm Wilshire Phoenix has filed an S-1 registration statement with the U.S. Securities and Exchange Commission, or SEC, for a publicly traded Bitcoin Fund in line with regulation. The registration reads:
Read more information: https://cointelegraph.com/news/wilshire-phoenix-files-with-sec-for-publicly-traded-bitcoin-backed-fund