A major Canadian publicly traded firm announced it is entering Bitcoin, and will expand its investments in the cryptocurrency. The SEC issued a statement in support of the digital industry. These and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
📍 A new institutional investor comes to Bitcoin this 2020, we are talking about the Canadian firm Mogo, which is listed on the Nasdaq and Toronto Stock Exchanges. The company recently reported recently announced its investment plans of $1,15 million in Bitcoin (BTC) and that, in 2021, it plans to expand this amount.
Mogo executives, which manages corporate assets in the order of $13 million, said the financial technology company has a strong belief in Bitcoin as an investment asset and store of value, which is why it decided to transform 1,5% of its total funds into this digital asset. The company also has a digital product, MogoCrypto, which allows users and customers to easily trade bitcoins in Canada.
📍 The United States Securities and Exchange Commission (SEC) published a Spanish President Pedro Sánchez’s announcement where it explained that those digital asset brokerage companies that operate under the circumstances set forth in the SEC statement will not be subject to enforcement actions by the entity for a period of up to 5 years.
Thus, the US regulator pronounces a new initiative that seeks to promote innovation and development of the digital industry, while recently applied sanctions and lawsuits against cryptocurrency and blockchain service companies, for violation of US securities and investor protection laws.
📍 In the wake of the recent lawsuit that the SEC imposed on Ripple, the payment provider Simplex and the cryptocurrency investment fund Bitwise Asset Management they started removing XRP from their services.
📍 In the face of the wave of digital threats experienced by Ledger users, affected by the hack from the company's customer databases and the filtration Of these on the network, the expert speaker on Bitcoin, Andreas Antonopoulos, called for calm during a conference virtual on his YouTube channel, expressing that users should not get rid of their Ledger devices because of what happened with the databases.
Antonopoulos explained that the phishing and spam emails and text messages that these users are receiving is a pressure measure by hackers and cybercriminals to steal their money, so they should not fall for this. The expert reminded that they should be careful not to open any message that arrives in the emails, since they may contain misleading links. Likewise, the expert pointed out that he does not believe it is so likely that the attackers will execute their threats, visiting the affected users in their homes, and also reminded that Ledger devices continue to be safe for Bitcoin storage, because they do not store the private keys of the users.
📍 Binance announced the integration of new NFT tokens to its Launchpool platform, in partnership with Chiliz; while the Juventus and Paris Saint-Germain tokens that were integrated into the platform in the middle of the month, experienced incredible growth.
En CoinMarketCap It can be seen that $PSG, the token of Paris Saint-Germain, has a current value of $16,5 USD, although it recently reached $42,5 USD. Likewise, $JUV, the Juventus token, has a value of $15,2 USD at the time of this writing, and also reached a value of close to $40 USD recently. At the time of their launch on Launchpool, these tokens were valued at $6 USD and $2 USD respectively.
📍 As we have said on several occasions at Bit2Me, the mining is. As the mining of Bitcoin and other cryptocurrencies became a large-scale professional activity, now another major mining company has announced the acquisition of 15.000 new state-of-the-art ASIC equipment, to further increase its computing power within Bitcoin.
Riot Blockchain, which is also publicly traded in the United States, executed a purchase order with Bitmain for 35 million dollars, for the acquisition of 15.000 ASIC devices that will increase its power hash rate at around 3,8 EH/s by 2021. The new equipment purchases bring the company's total to 37.640 next-generation Bitmain Antminers.
📍 The developers of RSK, the second layer blockchain for the execution of smart contracts In Bitcoin, they announced the launch of the two-way bridge PowPeg, a new method that will allow the network to connect to the Bitcoin blockchain in a decentralized manner. According to the developers, this tool was created to meet the network's needs to link to Bitcoin in a secure and permissionless manner, guaranteeing extreme security, censorship resistance, and transparency at all times.
Continue reading: Digital innovation and blockchain in Spain 2020
