🔥🔥Today in cryptocurrencies: Which developments came to the fore? 🔥🔥

Singapore became the new target of Akira ransomware. Ransomware, which stole $42 million from more than 250 organizations in North America, Europe and Australia in one year, is now actively targeting businesses in Singapore. Singaporean authorities have warned local businesses about the growing threat of the Akira ransomware variant.

United States Bitcoin exchange-traded funds (ETFs) purchased 25,729 BTC last week. This was also the biggest week of Bitcoin buying since mid-March, when Bitcoin hit an all-time high of $73,679.

However, cryptocurrency exchange co-founder “Radar Bear” said that the cryptocurrency is struggling to surpass its current high as its price is “more influenced by macroeconomic factors and geopolitical events.”

On June 7, the Bitcoin network experienced a sharp increase in transaction fees, largely driven by 332,000 unconfirmed transactions. At its peak, high priority transactions cost 514 satoshi, while low priority transactions cost 513 satoshi. Transaction fees ranged from $50 to $52 in US dollars.

The Bitcoin network held its fourth halving event in April, reducing the block reward from 6.25 BTC to 3,125 BTC. This caused companies like Bitfarms to report a huge drop in revenue in May.

Singapore became the target of Akira ransomware. US Bitcoin ETFs saw record buying. Bitcoin price was exposed to macroeconomic and geopolitical influences. Bitcoin transaction fees increased. Bitcoin halving event put downward pressure on miners.

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