Two sources close to BBVA indicate that the bank is preparing to offer new services with cryptocurrencies. Andreas Antonopoulos calls for reflection on the true purpose of Bitcoin, beyond its value in the markets. This and more news in this daily summary so that you are always informed with the events. latest that occur within the crypto world.
📍Several sources assure that the Spanish bank BBVA is about to launch new services based on cryptocurrencies, . According to an interview by CoinDesk to two people related to BBVA's new plans, the bank is preparing to offer its new digital crypto services. As sources mention, BBVA will launch its new services from Switzerland, which has clear regulations for the development of cryptocurrencies and digital assets. Likewise, sources assure that these new services will soon be available throughout Europe.
For years, BBVA has implemented solutions that integrate technology blockchain, as an effective tool for future development. Now, the possible integration of new services with cryptocurrencies demonstrates the change in paradigm and belief system of some banks that seek to remain at the forefront of technological development and innovation while the needs of society evolve towards digital systems.
📍Andreas Antonopoulos, a renowned lecturer and advocate of Bitcoin, calls for reflection during one of the most important cryptocurrency conferences held in Latin America, Labitconf 2020, which this year is done virtually. During his participation, Antonopoulos reflected on the direction that Bitcoin is taking, remembering that the main objective with which this cryptocurrency was born was not to become an asset with a high value, but rather one capable of generating trust and freedom for society. , immersed in a corrupt financial system that has failed on several occasions, causing great and serious damage over the years.
“We are concerned about achieving some goals. Blockchain is not the goal. Getting approval from Wall Street is not the goal… The goal is fairness".
With these words, Antonopoulos reminded participants that the purpose is to build a more just and balanced society, free of rulers and intermediaries. Finally, the speaker pointed out that it is the responsibility of all bitcoiners, users and holders of Bitcoin, to protect the decentralized and autonomous system from those who do not understand its true essence.
📍In the world of fashion, another renowned brand is using the potential of blockchain technology to ensure traceability and transparency in its supply chain. Unequal, a fashion brand of Spanish origin, is implementing blockchain technology to track its materials and supplies and guarantee transparency and reliability in its products.
The fashion brand will use blockchain Marco Company finboot to trace your raw materials from their origin.
📍Alexander Vinik, who is credited with the founding of the exchange of BTC-e cryptocurrencies in 2011, was sentenced to 5 years in prison after being found guilty of money laundering and organized gang crimes. Vinnik was extradited to France where he received the sentence; In addition, he must pay a fine of 100.000 euros. Authorities also point out that in the future Vinnik could be extradited to the United States or Russia, his country of origin.
BTC-e Founder Also Tried for Cybersecurity Crimes Related to Ransomware Locky, whose creation is also attributed to him. However, it seems that the evidence against Vinnik for these crimes was not compelling, which is why the court declared him innocent of the charges of disseminating and operating this ransomware.
📍At press time, the price of Bitcoin has fallen by about 5% in the last 24 hours, going from being worth about $19.300 USD to about $18.200 USD, with a loss of about $1.000 USD per unit. Analysts estimate that the correction is being caused by massive sales of bitcoins by “whales” within cryptocurrency exchanges, which is increasing the supply of the cryptocurrency and decreasing its value.
Continue reading: Reasonable interest? Ethereum broadens its appeal and arouses greater interest among investors
