Analysts are seeing bullish signals in Bitcoin that could push the cryptocurrency's price to new levels; meanwhile, Michael Saylor and over 150 other Bitcoiners narrate the Bitcoin whitepaper written by Satoshi Nakamoto. 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.
Cryptocurrencies and altcoins
📍The price of Bitcoin (BTC) is becoming attractive to investors as it hits the highs again $50.000 USD per unit. Analysts believe that the cryptocurrency is reaching a positive zone, and a new bullish line is forming, which may indicate the arrival of another rally for Bitcoin. If this theory is consolidated, it is possible that BTC will reach $52.000 USD soon, and even touch the $55.000 USD level.
📍Although Bitcoin's fate above 50K is still uncertain, one project that is enjoying a bullish rally is Ocean Protocol (OCEAN). This token grew by more than 32%, after the developers announced new functionalities and features for the protocol. In the last few days, the value of OCEAN went from $0,9 USD to $1,19 USD.
Bitcoin and Blockchain Adoption
📍On YouTube, a total of 159 bitcoiners joined together to narrate a segment of the white paper, or whitepaper of Bitcoin, the document that gave birth to the important and complex financial system that is Bitcoin today. Among the bitcoiners who joined this cause are: the developer Giacomo Zuco; MicroStrategy CEO, Michael saylor; and several other industry personalities such as Pierre Rochard, Jimmy song y Jameson Lopp.
📍Meanwhile, the anonymous Bitcoin developer, Cobra Bitcoin, also the administrator of the Bitcoin.com website, proposes that the identity of the developers and collaborators of the largest network in the world be kept protected, in order to avoid being the target of attacks by malicious private entities or governments. The developer claims that the growing demand for Bitcoin, and the revaluation of its cryptocurrency, make it necessary for “Bitcoin is once again largely developed by pseudonyms”, to prevent the network code from becoming a target of attack in the future.
📍Goldman Sachs is reopening its trading desk for cryptocurrencies, motivated by the growing boom of Bitcoin in the markets. According to the magazine ForbesGoldman Sachs will begin trading Bitcoin futures next week, and is also exploring the potential of opening a Bitcoin exchange-traded fund, as well as custody of cryptocurrencies and digital assets.
On the other hand, Goldman Sachs pro-crypto financial analyst, Heath TerryWas contracted by New York-based asset management firm Third Point. The firm is reportedly looking to bridge the gap between traditional finance and the cryptocurrency space, a plan Terry will help cement with his extensive experience and knowledge. Terry served as managing director of Goldman Sachs’ technology division.
NFT and DeFi Markets
📍“DeFi could disrupt the current financial system in the same way that ride-sharing companies disrupted taxi companies, or the Internet disrupted newspapers, or e-commerce disrupted retail”, were the words of Jim Bianco, president of Bianco Research, during a interview recent with Fox News.
According to Wall Street investment expert, the DeFi are "recreating the entire financial system", have also experienced explosive growth in recent months, reaching a value of more than 45.000 millionAlthough it is a rapidly growing financial ecosystem that has presented several failures and errors, Bianco believes that its developers will solve them and that this space will democratize finances, eliminating intermediaries such as stock exchanges and lenders.
📍The well-known DeFi decentralized exchange protocol, Sushi Swap, officially migrated to the Binance blockchain, the Binance Smart Chain, and other networks such as Fantom, Polygon, xDai Chain, and Moonbeam Network.
Its CTO, Joseph Delong, announced on his Twitter account that the migration is part of SushiSwap's evolution, and also an alternative for its users, who are victims of the high gas fees suffered by the Ethereum network.
Development
📍The group of advisors linked to Hassan Rouhani, the current president of the Islamic Republic of Iran, is recommending that the country's government mine cryptocurrencies, such as Bitcoin, to help strengthen its economy, which is facing serious problems due to the harsh international sanctions imposed against the nation. According to the report Presented by Iran’s Presidential Center for Strategic Studies, cryptocurrencies are an avenue for the nation to generate additional revenue that provides economic benefits in various sectors of the country’s economy.
📍Tailcat, an open search engine is now owned by Brave, the web browser focused on protecting the privacy of its users. According to a publication Brave, the search engine now belongs to the browser, allowing Brave to offer the first private alternative to Google Search and Google Chrome, on both mobile devices and desktop computers.
Regulations
📍One of the regulators who dedicated part of his efforts to defending the cryptocurrency industry, Heath Tarbert, confirmed his retirement as chairman of the United States Commodity Futures Trading Commission (CFTC). During his tenure, Tarbert supported the blockchain project “Nakamoto Terminal”, as a technological tool that facilitates many of the organization's tasks. He also defended and was in favor of regulating Ethereum (ETH) and DeFi tokens as commodities in US securities laws. On the other hand, the regulator also filed a lawsuit against BitMEX, for failing to comply with the laws and operating illegally.
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