The CEO of one of the most comprehensive financial services companies for cryptocurrencies assures that Bitcoin is the best investment asset that currently exists in the world. This 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.
📍 Bill Barhydt, CEO of Abra, a technology and financial services company that operates a wallet and non-custodial cryptocurrency exchange, announced that it holds more than 50% of its investments in Bitcoin. According to his statements in a recent tweet, cash will become worthless in the future, while Bitcoin represents the best investment in the world so far.
The expert pointed out that one of his main reasons for holding bitcoins is its limited issue of 21 million units of the cryptocurrency, in addition to its highly decentralized nature and the possible introduction of improvements that optimize its privacy and security features. This medium reported recently that the developers of Bitcoin Core They are discussing the integration of functions tap root and the signatures Schnorr to the Bitcoin codebase to optimize several of its scalability and privacy features.
📍 In Peru, the Congress of the Republic enacted a new law that establishes electronic payments as a public necessity for society. According to they report According to local media, the Peruvian government wants to implement electronic payments as an efficient way to protect its citizens in the midst of the COVID-19 pandemic crisis, minimizing as much as possible the need for physical contact between its citizens. Thus, among the electronic means considered for making contactless payments are operations with debit or credit cards, transactions through mobile applications and transactions over the internet.
The law, which promotes electronic payments as a necessity in Peru, was recently published to ensure safe, efficient and real-time payments. Without a doubt, a measure that can promote financial inclusion and reduce the levels of debanking among Peruvian society.
📍 Meanwhile in China, the director of the Digital Currency Research Institute of the People's Bank of China, Mu Changchun, said that the new digital currency (CBDC) from China, the DCEP, will not compete with services offered by financial giants such as Alipay and WeChat, as these offer digital wallets for handling and managing money, while DCEP is the digital money itself that will be managed in wallets like these.
"They are not in the same dimension. WeChat and Alipay are wallets, while the digital yuan is the wallet money.", Changchun said.
The director of the institute also pointed out that the DCEP will be allocated through the official application developed by the bank, which some people can choose to keep there or switch to the application of their preference, including WeChat or Alipay. Everything will depend on the consumers and the use case they want to give to the digital currency, says the executive.
📍 MineSpot, a company dedicated to the mining of cryptocurrencies, but very little known in the crypto space, says which is opening a mining farm in Siberia, Russia, and which houses some 160 megawatts of power to become one of the largest mining farms in the country. This mining farm will be dedicated to offering services to miners from Bitcoin (BTC) y Ethereum (ETH).
📍 Quantstamp, an auditing company for smart contracts (smart contracts), claims that the Ethereum 2.0 update is almost ready for its long-awaited launch. According to the company, the audit carried out reveals that the update is almost complete, so users of this network will soon be able to migrate to this service. Richard Ma, CEO of Quantstamp, assures that the Ethereum upgrade is on track to “deliver Phase 0 in the very near future.”
This medium reported recently about a post made by one of the project's lead developers, Ben Edgington, who highlighted that the update has made incredible progress, so it could be completed in the expected time, as he stated Vitalik Buterin, co-founder of Ethereum, that ETH 2.0 would possibly be available by the end of this year.
📍 The governor of the Central Bank of Kenya, also known as CBK, Patrick Njoroge, reported The bank is currently in talks with other central banks around the world to explore the possibilities of entering the global CBDC digital currency trend. According to the bank's governor, the East African country is focused on developing an efficient method to minimize the risks of money laundering and other financial crimes, although he does not consider the digital currency to become a full substitute for its national fiat currency, but rather a complement to it.
“The trend is towards a less cash-rich economy, not a cashless economy.”
📍 A study conducted by researchers from the Universities of Austria and Switzerland, entitled Node classification and geographic analysis of the Lightning Network cryptocurrency network, reveals that most nodes in the network Lightning Network (LN) are concentrated in the United States. According to the data shown by the study, 44,8% of the nodes are located in North America, while 43,1% of these are concentrated in Europe, with Germany managing the largest number of nodes. In the other continents, Asia, Oceania, South America and Africa, the concentration of nodes represents a lower share within the network.
Continue reading: The Ethereum 2.0 update is closer than you imagine
