Ethereum, the second cryptocurrency by market capitalization, has just surpassed $600 USD, a value it had not seen for two years. This and more news in this practical daily summary so that you are always informed with the most recent events that happen within the crypto world.
📍 The upward trend of cryptocurrencies, continue, and now Ethereum (ETH) exceeds $600 USD per unit for the first time in 2 years. At the time of this edition, ETH has a value of $612 USD per unit, and reflects a growth of almost 10% in the last 24 hours.
Another cryptocurrency that continues to rise is Ripple (XRP), with more than 36% growth in the last 24 hours, and more than 140% so far this month. The parabolic rise of these and other cryptocurrencies is largely due to the bullish rally that Bitcoin (BTC), although of course there are other reasons behind it. In the case of Ethereum, the proximity of the scheduled date for the launch of Ethereum 2.0 is a major influencing factor for the rise of the cryptocurrency. In the case of Ripple, the company announced the purchase of more than 45 million dollars in XRP during the third quarter of this year, in addition to other activities that are presumed as possible influential reasons for the incredible rise in its price.
📍 The People's Bank of China will carry out its second test of the digital yuan or DCEP through a new public draw, this time to be held in the city of Suzhou. The inhabitants of this city will enjoy the second delivery of digital red packets from the entity, which will take place on December 12 during the year-end shopping festival Double 12.
DCEP's new public test will allow the bank to study new functionalities for the digital currency (CBDC), such as offline and touch transactions, which were not implemented during the first test that was carried out in the city of Shenzhen.
📍 The Stock Exchange of Colombia (BVC) announced a alianza with the fintech company Framework Contract to implement technology blockchain in the OTC derivatives market. According to local media reports, as of January 1, 2021, a new law focused on the digital transformation of the capital market will come into effect, which will allow the implementation of blockchain-based initiatives to facilitate, streamline and simplify the clearing and settlement of guarantees. in OTC operations.
The president of the BVC, Juan Cordoba, explained that it is in this market where there is greater complexity, so blockchain technology will help facilitate processes for its clients and investors.
📍 The United States Internal Revenue Service (IRS) sent a new wave of letters CP2000 to cryptocurrency holders and users to request payment of taxes, informs the tax software provider cryptotrader.
According to the company, in the new wave of letters many are “inaccurate” and do not correspond to the real information of citizens' income and expenses, recorded in 2018. Likewise, the tax software company concluded that many of the Those who received the letter from the IRS did not receive the capital gains cited by the entity, since with the fall of the digital markets at that time, many sold their cryptocurrencies for a lower price than they had bought them, so in reality they should not these funds.
“This notice, of course, was completely inaccurate and, in reality, the IRS owed money to John (not his real name), as he had incurred cryptocurrency investment losses of $2,000 that year.”
📍 Cover Protocol, an insurance protocol for decentralized finance projects (DeFi), is in the voting process to determine whether or not the community wishes to activate compensation for the loss of more than 19 million dollars during the hack to Pickle Finance last weekend.
On his Twitter account, Iván Mártinez, Cover Protocol advisor, explained that if the request for compensation is approved by vote, the request will go to a Validity Committee (CVC) for approval of payment to those affected. To date, the majority of the votes that can be seen on the page Cover Protocol claim that this is a valid claim, and that users should be compensated; Although of course, the protocol does not guarantee to cover all of the funds lost in the attack.
📍 Meanwhile, Bitcoin's bullish rally continues, with the market-leading cryptocurrency showing growth of almost 2% in the last 24 hours. For his part, the CEO of Paypal, Dan Schulman, he assured during a interview that multi-cryptocurrency platform adoption will expedite enterprise adoption of digital assets; since the platform facilitates both the purchase and storage of cryptocurrencies, as well as their integration into commercial payment platforms around the world.
This is something that will undoubtedly continue to favor the price of Bitcoin and cryptocurrencies.
📍 Winning Poker Network, an online casino conglomerate based in Costa Rica is purchasing nearly $100 million in Bitcoin to cover its customers' payment demand in this cryptocurrency. According to a report According to Bloomberg, about 95% of online poker players are demanding their payments in BTC since the bull rally, forcing the conglomerate to acquire large amounts of the cryptocurrency.
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