HODLing Bitcoin may pay off eventually, but it means one’s money isn’t working for them now, says Andreas Antonopoulos.
Bitcoin educator Andreas Antonopoulos says there are risks behind any current method of earning steady income with one’s Bitcoin holdings, but DeFi offers one of the few ways to do so without “giving your money to other people.”

In a livestream Q&A on Antonopoulos’ YouTube channel on June 27, he said decentralized finance (DeFi) contracts were one way for Bitcoin (BTC) owners to generate passive income without relinquishing custody of their coins. “Passive income” refers to money earned using methods that require little-to-no effort.

Readmore: https://cointelegraph.com/news/andreas-antonopoulos-use-defi-contracts-for-btc-passive-income

Bitcoin price dropped below $9,000 for the second time this week but traders continue to buy on each dip.
Within the last hour Bitcoin (BTC) price dropped below $9,000 to a daily low at $8,813. Since June 24 Bitcoin price has been losing momentum while pinned below the 20-MA and today’s drop to $8,813 coincided with a surge in sell volume.

Readmore: https://cointelegraph.com/news/bitcoin-price-bounce-at-88k-support-shows-traders-keep-buying-the-dip

Ripple co-founder Chris Larsen discussed U.S. regulators’ ignorance towards regulating the blockchain and crypto space and how it is helping China.
In a recent interview with Wall Street Journal reporter Paul Vigna, Ripple’s co-founder and executive chairman Chris Larsen said that the United States has been “slow to the game” in terms of experimenting, implementing and regulating the blockchain and cryptocurrency industry.

Larsen said that the U.S must change its viewpoint towards blockchain and cryptocurrency as the industry is already past the 2017 and 2018 hype. The war against ICO scams is won, he said, and now regulators must address the industry such that they can compete with China’s blockchain and cryptocurrency progress.

Readmore: https://cointelegraph.com/news/ripple-exec-slow-response-on-blockchain-could-be-potential-catastrophe-for-us

Blockchain companies are developing digital identity solutions to ensure regions can safely reopen following COVID-19 lockdowns.
After spending months in lockdown, countries across the world have begun lifting stay-at-home orders enforced due to the coronavirus pandemic. Yet as countries look to reopen, and students and employees return to schools and offices, there is a fear that coronavirus cases will spike. In an attempt to ease these concerns, a number of blockchain companies are developing blockchain-based digital identity solutions designed to help regions reopen safely.

Read more: https://cointelegraph.com/news/safe-and-sound-blockchain-backed-digital-identity-in-the-post-coronavirus-era

Australia’s Securities and Investment Commission says that between March and May, investment scams of all types rose by 20% as compared to the same period in 2019.
The Australian Securities and Investment Commission (ASIC) has identified a sharp rise in investment scams during the coronavirus pandemic and has singled out crypto-related fraud as a particular concern.

Between March and May 2020, investment scams of all types have reportedly risen by 20% as compared to the same period in 2019, according to ASIC’s announcement on June 24.

Readmore: https://cointelegraph.com/news/australian-watchdog-warns-of-spike-in-crypto-scams-during-coronavirus-pandemic

Although scant on details, South Korea’s finance minister has confirmed that taxes will be imposed on cryptocurrency in the country.
The South Korean Finance Minister, Hong Nam-Ki, announced plans to impose a tax on cryptocurrency, while speaking to the parliamentary finance committee on June 17.

According to a report from local news outlet, Korea JoongAng Daily, the ministry will reveal further details of the plan next month. Hong told the committee that the government.

Readmore: https://cointelegraph.com/news/south-koreas-finance-minister-confirms-plan-to-tax-cryptocurrency

The World Economic Forum looks at blockchain as a solution against foul play in government processes.
The World Economic Forum (WEF) hopes to make corrupt activity in the public sector more difficult using blockchain technology. 

“Corruption is a ‘high-potential’ space for blockchain because you really benefit from decentralization; records are very difficult to remove or censor, for instance,” WEF blockchain project lead Ashley Lannquist told Cointelegraph.

Readmore: https://cointelegraph.com/news/wef-hopes-to-stamp-out-corruption-with-colombian-blockchain-trial