Ethereum hit a new all-time high on Thursday as the Bank of Spain publishes forms to supervise service companies with Bitcoin and other cryptocurrencies. 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
📍Ethereum price hit a new all-time high. Ethereum, the second most important cryptocurrency in the industry, reached a new historical high in its value, surpassing $4.361 for ETH. According to data from CoinGecko, the value of Ethereum has grown by more than 15% in the last two weeks and more than 1.000% in the last year.
📍Bitcoin Core developer Jonas Schnelli says goodbye to the crypto community. In a post shared on Twitter yesterday, Jonas Schnelli, developer of Bitcoin Core for more than 8 years, reported that he will leave his position as a maintainer and contributor to the Bitcoin code to continue in another direction. Schnelli asked the crypto community not to worry about his departure, since the development of bitcoin is in the hands of many experienced and committed developers. cryptocurrency.
Schnelli said there were no other projects lined up for him and that he would take a few months off to find his next venture. He also left open the possibility of returning to developing the Bitcoin code in the future.
Bitcoin and Blockchain Adoption
📍Houston Firefighters Retirement and Relief Fund invests $25 million in Bitcoin and Ethereum. The Houston Firefighters' Relief and Retirement Fund, the retirement fund for Houston firefighters (United States), said that cryptocurrencies are an asset that he could not ignore, so he decided to invest 25 million dollars in the most important in the world, Bitcoin (BTC) y Ethereum (ETH)The investment was made through digital asset investment firm NYDIG. Bloomberg noted that this was a significant step for public pension funds, which have so far stayed away from investing in cryptocurrencies.
📍Peter Thiel, co-founder of Paypal, thinks his investment in Bitcoin fell short. What we inspect with the "El Bailador" road simulator: interview On Bloomberg, Paypal co-founder Peter Thiel said his Bitcoin investment has fallen short and that he should have bought more of the cryptocurrency. He noted that he “underinvested” in Bitcoin, which has proven to be a powerful investment asset and hedge against inflation. Thiel also noted that Bitcoin is a “well-known secret” but that perhaps its biggest “secret” is that it should be taken as a long-term investment. Its appreciation in the last year exceeds 460%, with the cryptocurrency trading at a value of more than XNUMX million euros. $62.800 at the close of this edition.
For the co-founder of Paypal, the impressive increase in the value of Bitcoin in recent days is driven by the “total bankruptcy and collapse” of central banks.
📍JPMorgan analysts say Bitcoin's bull run is driven by inflation. JPMorgan, one of the most prestigious investment banks in the world, considers The bank said that the current level of inflation is the real driver of Bitcoin’s price in the markets, and not the arrival of cryptocurrency ETFs in the United States. In this regard, the bank noted that the current enthusiasm for Bitcoin ETFs is unlikely to last, so it could “cool off” in the coming weeks.
development and technology
📍AMC is considering issuing its own cryptocurrency. Film and entertainment giant AMC has talked about the possibility of issuing its own cryptocurrency. Adam Aron, CEO of AMC, told CNBC that the industry blockchain AMC is providing great opportunities for its participants and that AMC intends to continue expanding within it. According to his statements, the cinema giant could design its own cryptocurrency. In September, AMC announced that it would begin accepting payments in bitcoins and other cryptocurrencies in its movie theaters. Aron posted a poll on Twitter to find out the demand and acceptance of Dogecoin as payment.
Cybersecurity
📍Un flash crash on Binance US, the price of Bitcoin collapsed to $8.000. The BTC/USD pair on Binance US, the US-licensed cryptocurrency exchange, surprised Bitcoin traders with a sudden and dramatic drop in the value of the cryptocurrency. While Bitcoin was trading very close to $65.000 per BTC on virtually all platforms in the industry, Binance US was showing a value of just over $8.000 per unit.
Crypto blogger Wu Blockchain explained that the price disparity on the platform with the rest could be caused by a glitch in the market controller algorithm or insufficient depth. Apparently, other exchanges have suffered from similar errors, so the crypto blogger suggests that they use the same market maker.
Rules and Regulations
📍Spain requires registration to supervise cryptocurrency companies in the country. Un release The Central Bank of Spain is requiring companies that provide financial and custody services with cryptocurrencies to legally register with the entity. According to the Central Bank, the measure seeks to ensure compliance with existing regulations for the fight against and protection against money laundering.
Cryptocurrency companies in the country must submit the requirements required by the bank starting on the 28th of this month. The Bank of Spain reported that the requirements are mandatory for companies and service providers with crypto assets domiciled in Spain, which provide services to citizens of the country or foreigners. Banks that operate with cryptocurrency transactions must also register with the Bank of Spain.
📍China requests comments on adding cryptocurrency mining to list of “obsolete” industries. In a release Recently, China’s National Development and Reform Commission published a request for comments to obtain public opinion on the country’s actions against the cryptocurrency mining industry. According to the report, the consultation will be open until November 21.
The Commission also highlighted the news that the United States has surpassed China as the world's largest Bitcoin mining country, Wu Blockchain reported.
Continue reading: Chainalysis invests in Bitcoin to reaffirm commitment to the crypto industry
