Lebanon is preparing to launch a CBDC digital currency to address the country's current crisis, while Bots Inc is preparing to charge a fee to Bitcoin ATMs in the United States. 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.
📍 The Central Bank of Lebanon is preparing to launch a central bank digital currency (CBDC). According to statements issued by Riad Salameh, Governor of Banque Du Liban, the country is preparing to launch a CBDC, which will act as a regulatory mechanism for the nation to deal with its current crisis. Salameh stated that a CBDC will help streamline its financial system, while also enabling the money market to move locally and internationally.
“Banks must implement the Central Bank's circulars to provide deposits to their clients, and we must prepare a Lebanese digital currency project.”
📍 Bots Inc, a software, cybersecurity and products developed in Artificial Intelligence company, points out that acquired Bitcoin recently filed a patent on Bitcoin ATMs, and will therefore begin charging a fee for operations of these devices in the United States. Although the way in which this company will enforce its patent is not entirely clear, it does indicate that it will build a network of ATMs that all operators and owners of Bitcoin ATMs must join, in addition to paying a fee for the operations carried out with them.
“While we are in these negotiations, we are reaching out to individual operators to reach an amicable agreement without litigation, while offering those operators the opportunity to join a Bitcoin ATM consortium.”
📍 The Financial Industry Regulatory Authority (FINRA) of the United States authorized the operations of Texture Capital, which can now begin preparing its alternative trading services through a digital securities trading centre for private capital markets. The company had requested approval from the US regulator to launch a BROKER-DEALER and an ATS (Alternative Trading System) for the issuance and trading of digital securities in the country.
📍 Michael saylor, CEO of MicroStrategy, said that the potential it contains Bitcoin makes this cryptocurrency It is a million times better than gold. The entrepreneur and business executive pointed out that investments in gold are outdated, while detailing why he considers Bitcoin a better investment compared to this asset, which has long been considered a reserve asset and a valuable investment.
La Your Strategic MicroStrategy’s Bitcoin holdings total $425 million, and Saylor explains that he made the decision to invest in the cryptocurrency when he realized that “government money printers were eating away at his $500 million cash pile.”
📍 In Argentina, Ignacio Torres, a member of the country's Congress, will present to the Lower House a new bill aimed at creating a regulatory framework applicable to Bitcoin and cryptocurrencies. According to the in the media Local governments, the new bill will allow Argentina to promote the use and adoption of cryptocurrencies and digital assets, allowing civil and commercial transactions and operations and institutionalizing these assets so that banks and financial entities can operate and provide services with them.
📍 In Bitcoin, the hash rate of the network is recovering, after the fall it suffered with the migration of miners in China's Sichuan province. On November 2, Bitcoin's hash rate fell to 106 EH/s, while at press time it stands at 128,3 EH/s, according to Blockchain.com
Source: Blockchain.com
📍 Billionaire Wall Street investor, Stan Druckenmiller, said he remains invested in Bitcoin, after snubbing the cryptocurrency in 2019, because he now sees potential for value storage. Druckenmiller said that “if the gold bet works, the Bitcoin bet will probably work better.”
📍 Ethereum 2.0, the most anticipated update by the community Ethereum, stores a total of 52.929 ETH in its deposit contract at press time, representing just over 10% of the total minimum deposit the network must have for its mainnet launch. ETH 2.0 is scheduled to launch on December 1, if the minimum requirements for ETH staking and validators on the network are met.
Continue reading: JPMorgan: Institutional investors see Bitcoin as a better alternative to gold
