The virtual meeting to discuss the current and future outlook of blockchain technology in Aragon, Spain, was a complete success. The community was recognized as a pioneer in the development of this technology. 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.
📍The Autonomous Community of Aragon was recognized as a pioneer in the development of technology blockchain in Spain. During the virtual meeting called «Blockchain technology: current situation and future prospects in the Autonomous Community of Aragon«, the experts and analysts present recognized Aragon as a community that is defining the current and future situation of blockchain within the territory. The experts highlighted Aragon's initiatives and efforts to integrate technology into the bidding processes for contracts and public works, which allow guaranteeing transparency, reliability and security in each of the processes.
📍Meanwhile in Mexico, the president of the National Banking and Securities Commission (CNBV)) of the country he pointed the importance of integrating blockchain technology into the financial system and the FinTech industry. According to Juan Pablo Graf, through the Law to Regulate Financial Technology Institutions (Ley Fintech) Mexico can position itself at the forefront of blockchain development in the world. Through the FinTech Law, the Mexican nation has the power to regulate financial technology companies focused on the development of payment systems and crowdfunding services. Likewise, Graf pointed out that the integration of blockchain will allow the development of innovative services that facilitate access to financial instruments for all unbanked people.
📍During the weekend the price of Bitcoin (BTC) y Ethereum (ETH) suffered several setbacks and recoveries. Bitcoin is currently trading around $10.500 USD, while Ethereum remains close to $350 USD. Experts estimate that the nearly 10% drop in the value of these cryptocurrencies, This is due to the recovery of the dollar, an increase in selling pressure in the markets and the trading operations of Bitcoin miners and whales. These 3 possible factors have also affected the performance of other major cryptocurrencies such as Ethereum (ETH).
📍The reduction in the participation of investments of Warren Buffett y Berkshire Hathaway in the actions of Wells Fargo This could mean positive action for Bitcoin (BTC). According to analysts, Buffett cut his investment to 3,3% in Wells Fargo, going from 32 billion to just 3,36 billion dollars in shares, which means that investors are looking for a safe and reliable store of value, which guarantees security and stability against inflation. Recall that in June, Wells Fargo recorded a loss of more than 2,4 billion dollars and that, according to the risk rating corporation, Wells Fargo lost XNUMX billion dollars. Moody's CorporationWells Fargo currently has a negative outlook.
📍For their part, the brothers Winkelvoss Bitcoin (BTC) has become a major asset capable of competing fiercely against gold, according to Cameron Winkelvoss' claims, BTC has gone from being a mere white paper to be an asset with more than $200 billion in market capitalization in just 10 years.
📍Due to the COVID-19 pandemic, many commercial banks continue to take measures to protect citizens and respect safety measures to prevent the mass spread of the virus. In this regard, several major banks have made the decision to close several of the bank branches and focus on offering their services online. Thanks to the reach of the Internet and easy access to smartphones, the global banking is adopting the use of digital platforms to automate processes and offer its services in a safe and reliable manner.
“The global digital banking market is projected to reach US$22.300 billion by 2025, driven by the growing base of internet users equipped with smartphones, mobile internet connections and an insatiable appetite for convenience.”
Continue reading: Chainalysis: The adoption of cryptocurrencies in Latin America
