Bitcoin miners are seeing their work better rewarded today than a few months before the network's third halving. This and more news in this practical summary daily so that you are always informed with events most recent that occur within the crypto world.
📍 The current rally that lives Bitcoin (BTC) not only benefits cryptocurrency users and investors, but also the network's miners, whose profit level has returned to those seen before the halving May. On his Twitter account GlassNode, a data analytics firm in blockchain, shows that current profit levels of the mineros Bitcoin prices are the same as those seen before the halving, when the mining reward was twice what it is today.
As of today, the Miners' earnings exceed 21 million dollars a day, with the price of Bitcoin oscillating between $17.900 and $18.000 USD, while by May, before the network's third halving, profits were about $20,6 million per day.
📍 In Japan, 30 companies are preparing to launch a private digital currency, which will be in line with the CBDC that the nation plans for the digital yen and is estimated to be launched in the middle of next year. According to a report published by Reuters, the Japanese companies to design common private currency to promote use of digital money in a society clinging to cash, but which is also becoming aware of the importance of digitalization in the current era.
Among the 30 companies promoting the development of a common private digital currency are three of Japan's largest banks, exchanges, exchanges and service companies. Hiromi Yamaoka, a former Bank of Japan executive who leads the digital currency initiative, assures that the vision is to create an innovative product that can make various platforms compatible with each other.
📍 In the Netherlands, a new law promoted by the Dutch Central Bank (DNB) obliges the exchanges and cryptocurrency exchanges to require additional information from their customers, such as Why do you want to buy Bitcoin?, before carrying out purchase and sale operations within their platforms.
The new law, which came into effect on November 17, also requires users to report the type of wallet they use to store and manage their cryptocurrencies, as well as exchanges to activate additional verification measures to verify users as "legitimate owners" of the addresses of Bitcoin they use.
Several cryptocurrency exchanges and exchanges have already expressed their nonconformity with this regulation, asking the entity to desist from this "ineffective and disproportionate" requirement, in addition to stating that they have received numerous complaints from their clients.
📍 BitMEX incorporates the tools World-Check One de Refinitiv to improve your ability to comply with US rules and regulations. In a release official, The company assured that this integration will allow it to monitor and comply with the risks of sanctions, financial crimes, bribery and corruption more efficiently and effectively., guaranteeing secure trading within its platform. The Chief Compliance Officer of 100x Group, Malcolm Wright, assured that:
“We are improving our KYC/AML systems to manage any illicit funds risk by incorporating more reliable detection systems into our processes. “Compliance can never stop and our inclusion of World-Check One is an important step towards meeting the highest global standards of financial integrity.”
📍 The expectations of the crypto ecosystem in relation to Ethereum 2.0 grow as the estimated release date approaches. Now the Bitcoin Suisse company, announced which will offer the staking service for ETH 2.0 from the first day of its launch. The company assures that the launch of this new network is one of the most important milestones in the crypto space this year, so they will be prepared to offer this service to their clients from day one.
As of today, the ETH 2.0 deposit contract has 105.408 ETH deposited, out of a minimum total required of 524.288 ETH for genesis generation.
📍 Jesse Felder, former hedge fund manager, shocked the crypto community with several somewhat erroneous statements that he published in a blog about Bitcoin. First of all, Felder claims that trading the cryptocurrency is pointless, because Bitcoin "It makes no sense as an investment or as an alternative currency", but rather it is a speculative asset, citing what was expressed in Seth Klarman's book «Trading sardines and eating sardines: the essence of speculation«. Secondly, he assured that Bitcoin provides neither “security of capital nor an adequate return”, so it cannot be seen as a store of value.
Felder went on to claim that millions of dollars worth of bitcoins have been hacked, even though we believers in this cryptocurrency know that it is not possible; and what has happened is the hacking of platforms that custody and store bitcoins, which is completely different from saying that Bitcoin was hacked. Finally, Felder said that network forks have led to the creation of more bitcoins, “multiplying the amount and type of bitcoins in circulation”, and that if all the forks of the network since its creation are added "the total amount of bitcoins has actually grown faster than the amount of dollars." As expected, the crypto community did not remain silent in the face of such claims, rushing to correct all the errors in Felder's article.
Nic Carter, co-founder of CoinMetrics, said on his Twitter that almost everything in this post is wrong and especially the forks, which did not actually dilute Bitcoin, nor can they be taken as part of the current supply of the cryptocurrency.
Continue reading: Zcash is getting a “halving” as the cryptocurrency undergoes its second halving
