After almost 3 years, Bitcoin again surpasses the $16.000 USD mark, although analysts expect a possible correction in the market in the next 4 days. This and more news in this daily summary so that you are always informed with the most recent events that occur within the crypto world.
📍 After 3 years, Bitcoin is back above $16.000 USD. At press time, Bitcoin (BTC) maintains a value above $16.404 USD in the market, with a growth of 5% in the last 24 hours, while the markets of the main altcoins are falling. As CoinGecko shows, Bitcoin broke the $16.000 USD mark during the early hours of Thursday morning, and although a few minutes later its value fell again to near the $15.600 USD level, a few hours later it recovered its value, closing the day above $16.000 USD.
Source: CoinGecko
This mark was last seen in early 2018, almost 3 years ago, after Bitcoin touched its all-time high of $20.000 USD. Now, renowned market analyst, Willy Woo, believes that we are facing a great bullish sentiment for Bitcoin, but that it will possibly be at the end of next year when we see the cryptocurrency to reach its all-time high. Meanwhile, the analyst predicts a possible market correction in the coming days.
📍 Bit2Me News reported recently from an unannounced hard fork on the blockchain Ethereum, which affected the operation of several products and services based on this network for a few hours. Now another blockchain that faces a hard fork es Bitcoin Cash, since its developers and the community have not reached a consensus to subject the network to a new update, which will take place on November 15. The two development groups, Bitcoin ABC y BCH Node, present different proposals for the development of the network and dispute the name "Bitcoin Cash" in case of forking and giving rise to a new one blockchain.
If this hard fork occurs, the network would be giving rise to a third cryptocurrency, since the first Bitcoin Cash fork gave rise to the one known today. Bitcoin Satoshi Vision o Bitcoin SV (BSV), which is currently experiencing a critical bug that puts users' funds at risk, such as reported this medium recently. Given the proximity of this event, the exchanges cryptocurrency exchanges have already begun to halt cryptocurrency operations.
📍 A new regulator is interested in the cryptocurrency and digital finance ecosystem. Securities and Exchange Commission of Pakistan (SECP) is evaluating the regulatory policies implemented in several countries to prepare a regulatory framework applicable to cryptocurrencies and digital assets. The measure aims to define crypto assets within the country's legislation, to regulate digital finance markets and provide clarity for cryptocurrency companies and businesses to develop their activities in a legal and supervised manner, guaranteeing the security and protection of users and consumers.
📍 In the Middle East, the Israeli technology firm, Kirobo, has presented a new technology which allows transactions to be reversed on Ethereum, so that users can recover their funds if they make a mistake when making a transfer. Similar to its product for Bitcoin, Retrievable Transfer allows to "undo" unconfirmed ETH transactions in the MetaMask and WalletConnect wallets. Although this service is only available for ETH users since November 12, it is expected that it will soon be available for users as well. Tokens ERC-20 based on this blockchain.
📍 European Central Bank President Christine Lagarde has said that the digital euro could take between 2 and 4 years to reach the market. Lagarde made these statements during the ECB Forum on Central Banking 2020 held virtually together with the president of the Federal Reserve (FED) and the governor of the Bank of England.
(I.e. After facing a accusation by the CFTC, BitMEX accused this cryptocurrency exchange of allowing illegal trading with US customers by implementing new AML compliance rules. The company is integrating the technology developed by the firm Eventus Systems which will allow the exchange to strengthen its surveillance control against illicit activities and guarantee the transparent trading of cryptoassets on its platform.
Continue reading: The United Kingdom prepares regulatory framework for stablecoins and considers the issuance of a CBDC
