In the last few hours, Bitcoin has been recovering its value on the markets, reaching the 49K level again; meanwhile, MicroStrategy reveals another investment of 15 million dollars in BTC. 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
📍Bitcoin (BTC) is gaining momentum again, and analysts believe that a new bullish rally is about to come for this cryptocurrency. The data from in Glassno show that miners are starting to hoard newly mined bitcoins again, which could drive up the price of the cryptocurrency by reducing the supply of bitcoins on the markets. At the time of this writing, Bitcoin is worth $49.200 USD.
Source: in Glassno
📍On the other hand, users of Rakuten, Japan's largest retailer, can now use their cryptocurrencies, such as Bitcoin, to load their Rakuten Pay wallets and pay for their purchases. The platform announced the integration of its digital wallet with cryptocurrencies, so users can now use their digital assets to top up their accounts and make purchases in the online store.
In the statement, the platform said that no commission fees will be charged for transactions or changes.
📍In Ethereum (ETH) Gas prices have fallen by 70%, returning commissions to a margin of about $11 USD per transaction. Like Bitcoin, the price of Ether on the markets is recovering. At the time of this writing, ETH is trading at a value of $1.550 USD per unit.
Bitcoin and Blockchain Adoption
📍microstrategy announces a New $15 million investment in BitcoinThe business intelligence company decided to invest all its surplus cash in Bitcoin since last year, to guarantee its future value and protect it from fiat money inflation. Its CEO, Michael saylor, has become the new evangelist of Bitcoin, promoting and encouraging institutional and corporate participation in this cryptocurrency.
In a release Recently, the firm revealed that it added another 328 BTC to its balance sheets, for a total of 90.859 BTCThe firm recently made one of its largest investments in Bitcoin, investing nearly $1.030 billion in the cryptocurrency.
📍The Blockchain Service Network (BSN), in its Chinese version, announces the integration of its second public blockchain network. The opportunity is for the abandoned blockchain TON, designed by Telegram, which was almost forgotten after the death of its Gram cryptocurrency project, which was not at all liked by regulators around the world.
TON, whose development has been surviving in the hands of the community, will be brought back to life with the integration into the Chinese BSN. This will allow the blockchain to enjoy the innovation of new developers working on it, while also allowing the Chinese BSN to develop highly useful and scalable applications. This blockchain will adapt to the strict regulatory environment that exists in the Asian country.
📍According to a tweet posted by Tether Limited, a group that wants to damage the image of the company, and its stablecoin tether (USDT), threatened to publish sensitive information that could “harm the Bitcoin ecosystem.” The group requested a ransom of 500 BTC, which amounts to over $24 million at the time of writing.
CBDC and Central Banks
📍The Central Bank of India (RBI) is evaluating the advantages and risks of issuing a central bank digital currency (CBDC) of its own, based on the government's intentions to create its own digital currency and prohibit the use of cryptocurrencies. According to the discussions that the RBI has held with stakeholders, a CBDC promotes and facilitates the financial inclusion of its population, although it may threaten its current banking system.
In a report In its recent report, the entity praised all the benefits that a CBDC can bring to a country like India, although it also pointed out that it would represent a great risk of disintermediation for the banking system, which would diminish the importance of banks and weaken the commercial banking system, which is already fragile in the country.
Regulations
📍In the autonomous region of China, Inner Mongolia, the authorities reported Starting next April, they will enforce a ban on cryptocurrency mining in the region. This is in order to curb energy consumption. The information was reported by Bloomberg, which points out that the National Development and Reform Commission of China has strongly criticized the region for not controlling energy consumption. Inner Mongolia is one of the regions preferred by miners, as it has one of the cheapest energy rates in the country.
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