Marcos Galperin, founder and CEO of Mercado Libre, has spoken out in favor of Bitcoin, stating that, in his opinion, this cryptocurrency is a better store of value than gold. This and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
📍 This January 11, the price of Bitcoin (BTC) fell to $30.400 USD, losing more than $8.000 USD of value in just a few hours. However, the price of the cryptocurrency has recovered at the end of the day, and is trading at $34.420 USD at the time of this edition. Despite the volatility that BTC is experiencing these days, Mercado Libre CEO, Marcos Galperín, said that it is a better reserve asset than gold.
📍 Meanwhile, Grayscale's new CEO, Michael Sonnenshein, noted that pension funds are coming to Bitcoin, diversifying the institutional investment boom that the cryptocurrency has been experiencing since 2020. During a interview, Sonnenshein noted that Bitcoin price volatility, daily or weekly, will not affect pension funds' savings strategies, which are long-term. Likewise, Sonnenshein said that institutional positions in BTC are growing considerably, and that greater participation of this sector, and others, within Bitcoin is expected this year; something that will undoubtedly improve and increase the value of this cryptocurrency.
📍 The user from Reddit BitcoinHolderThankU is celebrating, as he managed to regain access to his wallet that was holding no less than 127 BTC, valued at the time of this edition at 4,46 million dollars. The user lost his passwords for 8 years, but a visit to his grandfather's house during the Christmas season allowed him to recover them from an old computer that he used to play Dark Orbit. After a week of having regained access to his bitcoins, the user decided to sell them through an operation OTC, liquidating the cryptocurrencies worth $4,2 million at the time of sale.
Later, after overcoming an immense wave of emotions, the user confessed to regretting having sold all his bitcoin holdings.
📍 After ban retail investor access to Bitcoin and cryptocurrency derivative products, the UK opens consultation to obtain public opinion on a possible regulation at stablecoinsThe consultation process will be open until March 21, and seeks the participation of industry stakeholders.
📍 In cybersecurity, the FBI (Federal Bureau of Investigation), the United States' top investigative agency, issued a advertisements for businesses and companies in all industries, and around the world, to take cybersecurity measures and protect themselves from ransomware egregor, which is hijacking data and private information to encrypt the files and then demand ransom using different methods.
Egregor, a ransomware As a Service (RaaS) The ransomware was discovered in mid-September and has already claimed more than 150 victims, including several well-known companies. The attack is mainly carried out through phishing emails containing malicious attachments to infect devices and hijack data. Cybercriminals' current approach is to demand ransoms in cryptocurrencies and digital assets, and if they do not receive payment, they threaten their victims with making the hijacked information public.
📍 Shares of the Bitcoin and cryptocurrency mining company Digital Bit (BTBT) have grown unparalleledly over the past year. Bit Digital (BTBT) started with a market cap of just $6 million 1 year ago. Now, as of today, its market cap is over $1.200 billion, a growth of over 7.500% in this period.
The company has expanded its mining capacity exponentially, with the purchase of several thousand Antminer and Whatsminer mining rigs. Experts point out that the incredible expansion that this company has had, as well as others in the industry such as Riot Blockchain, Marathon Patent Group y Hive blockchain, which have also made significant purchases of Bitcoin mining equipment, is due to the large profits that miners are making with the appreciation of Bitcoin, which grew by almost 300% in 2020.
📍 Another company that is betting on Bitcoin mining is 500.com LimitedThis Asian company, dedicated to sports lottery, is listed on the stock exchange, and is betting on increasing its profits through bitcoin mining. According to Yahoo Finance, 500.com Limited signed an agreement with a mining equipment supplier to issue an aggregate of $14,4 million of its Class A common shares as consideration for the purchase of Bitcoin mining equipment, including Bitmain's S17, T17 and S9 and MicroBT's M20s.
So far, the total amount of mining equipment that the company will acquire is unknown, as is the name of the equipment supplier; although the report indicates that the sale will be completed this first quarter of the year, and that the company will handle a total of hash rate of 918,5 PH/s with the purchased equipment.
📍 The Agricultural Bank of China is testing ATMs for CBDC of the country, the DCEP or digital yuan. The third public test of the DCEP is taking place in the Asian nation, in the city of Shenzhen, where the People's Bank of China, together with the Agricultural Bank, is testing new functions for the digital currency, including the exchange of cash, or bank accounts, for digital yuan through new ATMs.
Continue reading: Finland to sell almost 2.000 BTC confiscated in seizure proceedings
