Among the highlights of the last seven days is the decision of billionaire Elon Musk to invest in bitcoin through the car company Tesla. Upon learning of the fact that this company had bought 1.5 billion in BTC, the price of the pioneer cryptocurrency soared to a price that it had not reached before in its history, trading above $ 44,000 at the beginning of the week.

Bitcoin’s growth continued its march, even after Tesla’s announcement, approaching $ 50,000 in recent hours. The average advance in the week was 22.8%. At the time of writing, BTC is trading at USD 48,154, as reflected in the market price of Latin America and Spain, according to the CriptoNoticias price calculator.

With CriptoNoticias, those interested can keep up to date on the changes in the market prices of bitcoin and ether in relation to their local currency. To do this, they can visit the BTC and ETH Prices section, which has a calculator to make conversions quickly and easily to their national currency.

These are the most outstanding news:

Tesla Automotive Company bought $ 1.5 billion in bitcoins last January, as reported in its annual report to the SEC of the United States. The acquisition is due to an update of its financial policies. Shortly after this announcement, another company, Opportunity Trust, one of billionaire Bill Miller’s investment funds, said that it could put up to $ 400 million in Grayscale’s trust for bitcoin (GBTC). He explained that his investment strategy would be aimed at indirect investments in the cryptocurrency. Meanwhile, the CFO of the social network Twitter, Ned Segal, stated that they are also evaluating an investment in the cryptocurrency, although they have not made a decision yet. According to a report released by Bloomberg, the multinational financial services and investment banking company, Morgan Stanley, would inject millions of dollars in bitcoin through its subsidiary Counterpoint Global. The dissemination of this information would have pushed the price of BTC up to almost $ 50,000. Meanwhile, in Canada, the investment firm Purpose Investments announced that it had been cleared by that country’s securities regulators. to launch what they qualify as’ the first Listed Investment Fund (ETF) of direct custody Bitcoin in the world. The ETF is designed to provide investors with exposure to bitcoin, through direct investment in that cryptocurrency, with physical settlement. Mastercard will enable all of its affiliated merchants to receive payments in bitcoin later this year. In an official statement published this week, the company noted that once the use of cryptocurrencies is allowed, payments can be settled in digital assets. On the other hand, the commercial bank Ridge Blue Bank, which has been operating in the United States since 1983, announced that 19 ATMs are now available for the sale of bitcoins. It is the first bank in the world to integrate this service into its ATMs, initially configured for the withdrawal and deposit of fiat money. BitPay also announced that prepaid Mastercard users can now add the cards to their Apple wallet for cryptocurrency purchases. The app offers support for bitcoin, ether, and Bitcoin Cash, as well as stablecoins USD Coin, Gemini Dollar, Paxos Standard, and Binance USD. The Chicago Mercantile Exchange (CME) began trading future contracts for ethers (ETH), the cryptocurrency of Ethereum, on February 8. The new product seeks to replicate the one already offered with bitcoin since 2017. Additionally, a report from CoinShares indicated that during the first week of February investments in ETH were higher than in bitcoin. The cryptocurrency monopolized 80% of institutional investments in that period. For its part, data from the site howmanyconfs indicates that Ethereum and Bitcoin now offer the same degree of security. The website measures the security of different chains using the Proof of Work (PoW) algorithm and shows that Bitcoin requires 56 minutes to perform 6 block confirmations; while Ethereum requires 237 confirmations and a 51 minute wait time for secure transactions. According to a study published by the Library of Congress of the United States, neither in Chile nor in Colombia have the authorities ruled on how the earnings derived from staking should be declared, while in countries such as Venezuela and Spain tax experts argue that such income must be declared in accordance with current regulations for similar activities. Meanwhile, in the province of Mendoza, Argentina, a prosecutor from the Public Ministry initiated an investigation against “Sports Gains” for alleged fraud with bitcoin (BTC), money laundering and tax evasion. It is a rapidly growing online platform offering so-called investment packages. The administrator of SWIFT, the most used network for bank transfers worldwide, formed an alliance with the China International Payment System (CIPS) and the China Payment and Clearing Association. According to a . Agency report, this is a sign that China is exploring the global use of the digital yuan, now in the testing phase. The alliance group has created a joint venture called Finance Gateway Information Services.

If you want to know the meaning of several words in the crypto world terminology, you can consult them in the extensive Glossary of CryptoNews.

Bear): is a term borrowed from Wall Street jargon and refers to a trader or investor who believes that the price of a certain cryptocurrency will plummet and wants to profit from the crash.

Cryptotutorial of the week:

LocalBitcoins is a decentralized exchange for P2P exchange that allows quick exchanges. This without neglecting security and with a wide range of payment methods. The exchange is basic since we carry it out directly between users, based on a system of guarantee and reputation deposits. In this tutorial we show you how to use this platform to buy bitcoin.


Credit: Source link

Leave a comment

2 × three =