As Bitcoin's correction continues, other altcoins on the market are hitting new all-time highs, and MicroStrategy is taking advantage of the drop to increase its Bitcoin holdings. 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.
📍‌ Bitcoin (BTC) continues to take a break, while Hail (AAVE), Chainlink (LINK) y Ivy Hashgraph (HBAR)Are the altcoins with higher returns this week. BTC, the market-leading cryptocurrency continues to decline, while other digital assets hit new all-time highs (ATH). AAVE, the token of the DeFi lending protocol Aave, hit a new ATH this January 24 when its price surpassed $244 USD. The same for LINK, the token of the Chainlink oracle blockchain, which reached a maximum value of $23,43 USD on January 23, surpassing its peak seen in August 2020.
In the case of HBAR, this token did not reach a new high, but it did show an exceptional performance of more than 60% in the last week, reaching a price of $0,11 USD per unit. At the time of this edition, BTC is trading at $32.000 USD.
📍‌ MicroStrategy, one of the largest Bitcoin investors in 2020, continues to expand his holdings in this cryptocurrency taking advantage of the recent BTC correction, which brought its value up to $30.000 USD. Now The company has 70.784 BTC, with its recent acquisition of another 314 BTC, valued at around $10 million at the time of purchase, which was made in cash, as indicated by Michael Saylor, CEO of MicroStrategy.
Likewise, one of the largest data providers in the crypto industry, GlassNode, notes that the number of whales holding more than 1.000 BTC continues to rise while bitcoin remains on the decline. According to the data From this provider, there are currently almost 2.450 addresses with more than 1.000 bitcoin units.
📍 ‌The Bank for International Settlements (BIS) enters the digital ecosystem to design and implement a settlement infrastructure for digital currencies CBDC (Central Bank Digital Currency) through its Innovation Center. According to a release According to the BIS, its priorities for this year include studying the feasibility of making international payments more agile and economical through a wholesale CBDC, as well as investigating structural models for the distribution of retail CBDC coins. The BIS will create a digital platform where different central bank digital currencies can be tested.
📍 ‌The New York Department of Financial Services (DFS) announced the opening of the competition Techsprint Virtual 2021, in which different companies from the crypto industry will participate to develop prototypes of solutions that allow the regulator to obtain a greater flow of information and data from the digital ecosystem. As the publication indicates, the department is increasingly interested in benefiting from new technologies, such as blockchain, to optimize their monitoring techniques and advance their vision for the future.
Companies can register to participate in this competition until next Tuesday, January 26, and can present their prototypes from March 1 to 12 of this year. The objective is to enable the DFS to have real-time access to financial data of companies that hold digital currencies, and also to receive early warning signals of possible financial risks for companies and their clients.
📍 ‌In Russia, the new law of the crypto industry that came into effect this year, and the decree A presidential decree signed in December by President Vladimir Putin requires all public officials in the country to declare all their cryptocurrency holdings. There is also another decree in the country that requires many other officials to sell their crypto holdings by April 1 of this year. The requirement arises based on Federal Law No. 259-FZ, which requires all public officials to declare all their cryptocurrency holdings. prohibits certain officials to maintain “possession and use of digital financial assets” issued in foreign financial systems and instruments.
These officials include: positions such as members of the Board of Directors of the Central Bank of Russia, heads and deputies of the Prosecutor General, staff of public offices of constituent entities, and others. Personnel serving in these positions who hold cryptocurrencies and digital assets in foreign accounts must sell them before the deadline set by the nation's government. These measures, according to the state, are intended to ensure the national security of the Russian Federation and protect the nation from financial crimes and internal corruption.
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