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Important day for the future of money in the euro zone. The European Central Bank (ECB) has announced that it will move forward with the digital euro, at a time when central bank digital currencies (CBDCs) are in the crosshairs of governments and monetary regulators across the globe. Around 80% work in them. For the entity led by Christine Lagarde, giving the green light to the next phase means that the issuing institute will enter a period of exploration of this ecosystem that will last about two years.
The markets are abandoned these days to the usual summer tranquility, when the opportunities and the volume of operations is lower than normal, a panorama that is especially noticeable in cryptocurrencies. While global stock markets in general maintain the good tone they have been showing throughout the year, despite growing doubts about the coronavirus and the expansion of the Delta strain, bitcoin and the rest of 'altcoins' have not just come out of the correction that has lasted for two months now, but a number of factors can enliven the summer period for crypto assets.
Bitcoin maintains its negative tone this Wednesday after chaining two days of falls that have seen the digital asset approach the low part of its trading range, at $30,000, after the US inflation report that showed how consumer prices were they rose to their thirteen-year high. However, buyers have once again taken advantage of the falls to buy the most traded of digital currencies and the price hovers above $31,000. Ethereum has still suffered a further decline, changing hands below $1,900 and the total capitalization barely exceeding $1.
Big shock for the expectations that the new legislation that will be voted between this Wednesday and Thursday in Paraguay to regulate bitcoin and cryptocurrencies will follow in the footsteps of El Salvador and convert the digital asset into legal tender. A draft of the rule that has been leaked on the Internet and that has been echoed by various media outlets reflects that the legislation seeks to control operations with 'cryptos' and subject them to the payment of taxes.
Cryptocurrencies continue in summer mode in which they have been for a few weeks already. Bitcoin is determined to stay in a trading range between $ 33,000 and $ 35,000, as part of a consolidation movement that encapsulates it between 30,000 and 40,000 as support and resistance, respectively, of greater importance. The rest of the market behaves in a similar way, oscillating between rises and falls of 5% that make it remain flat. The volume of operations and the withdrawal of capital from crypto exchanges are two symptoms of this torpor that they do not want to leave behind.
El Salvador's decision to accept bitcoin as legal tender has generated a wave of interest in other Latin American countries that see cryptocurrencies as an opportunity to boost their economies and circumvent some of their inefficiencies. Panama, Mexico and especially Paraguay have taken steps towards a generalized adoption of the most operated of cryptocurrencies, with important legislation to provide a new legal framework, which makes analysts think that Latin America could become a world center of reference in cryptocurrencies .
More than $1bn in cryptocurrency payments have passed through Visa cards in the first half of 2021, the payments infrastructure company has revealed.
The highly anticipated London update of the Ethereum network is getting closer and closer. Last week, the developers of the blockchain on which smart contracts are deployed and the majority of DeFi (for the acronym in English of decentralized finance) carried out various tests for the improvements of the algorithm that will be completed on August 4, date announced for release. Analysts expect this event as a true milestone for ether - the native unit of this network - which has the potential to serve as a price catalyst.
The price of bitcoin has remained flat over the weekend, encapsulated in the range that it has been drawing in recent days, but eager to retry an assault on $35,000, a price level that was choked last week. This Monday it regains the 34,000 dollars and gains 2%, while investors look for signals that confirm what will be the next move of the queen of crypto. Meanwhile, large accounts continue to amass coins, market data shows.
The US Federal Reserve (Fed) has for the first time highlighted rising crypto-asset prices in its overall assessment of the stability of the financial system, saying it reflects increased risk-taking by investors.
Apple co-founder Steve Wozniak, known to be a staunch advocate of cryptocurrencies, called bitcoin "the most amazing mathematical miracle" during the Jalisco Talent Land Digital 2021 event, reports Mexico's 'El Sol' newspaper.
Wall Street's interest in cryptocurrencies does not stop. Despite the fact that in recent months the regulatory pressure that hangs over these assets and the doubts about the carbon footprint of the mining of digital currencies, especially bitcoin, has reduced the fury of the giants of the US market, the first sword of banks continues to take positions in this industry. The last to join the list of entities that offer their customers these products or some type of information or business about them has been Bank of America (BofA).
The cryptocurrency market remains in the red this Friday, after a new wave of sales that this Thursday made bitcoin lose its short-term support at $ 34,000. After marking a July low of $ 32,500, the creation of Satoshi Nakamoto tries to consolidate around $ 33,000, but everything suggests that it will end up touching $30,000, the lower part of the range in which the digital asset has been moving in the last weeks.
Ether, the native unit of the Ethereum network, is on the lips of all participants in the cryptocurrency market. This week a date has been set for its long-awaited London update, an improvement of five aspects of the current algorithm of the blockchain on which smart contracts are developed and on which the majority of companies in the DeFi ecosystem are built (from English decentralized finance). Known in the jargon of the market as a hard fork, it will take place on August 4, somewhat later than planned, but in a more secure way, having reaped successes in its two tests carried out.
It has been one of the stars of the first half of 2021 and although part of the craze around dogecoin has faded, its role in the cryptocurrency market is indisputable, to such an extent that it has placed itself on the podium of the most popular crypto investments both in the US and the UK, behind bitcoin and ethereum. The future is uncertain for this digital currency that was born as a joke, but which has a good legion of followers, led by the founder of Tesla, Elon Musk.
The long-awaited London hard fork of the Ethereum network, which includes five protocol improvement proposals, will likely launch on August 4 between 3:00 p. m. and 7:00 p. m. (local time), with the block 12,965 . 000. Many Ethereum enthusiasts welcome the launch delay, while some view it with "cautious optimism. ".
Bitcoin holds the rate this Wednesday, after China's latest regulatory bid against ‘crypto’ companies, and maintains the consolidation mode that it does not seem to want to abandon since the beginning of July. The announcement of the closure of a software company in Beijing for covertly engaging in cryptocurrency trading caused mild swings on Tuesday in the price of the most traded of digital currencies, which were not enough to make it leave the range between 33,000 and 36,000 dollars that he has been drawing in recent days.
Non-fungible token (NFT) sales have reached a record $ 2. 47bn in the first half of 2021, according to data from DappRadar. These assets, which allow the digitization of unique and non-replicable works and objects, have been under the media spotlight in recent months in the heat of interest in cryptocurrencies and the blockchain.
Bitcoin has started its first full week of July with some calm after the ups and downs of the last two months, but with new challenges for the price of the world's largest cryptocurrency. Traders are preparing for the great unlocking of the shares of the Grayscale Bitcoin Trust (GBTC) - worth 40,000 bitcoins only corresponding to January-, and a strong impact on the price of the 'crypto' is expected in the coming days, although the experts are not clear how it will react exactly.
Barclays clients and Binance spokespeople have expressed their dissatisfaction through comments on social networks, the former, and statements to specialized media, the latter, after the British banking giant's ban of its customers' credit card payments on the crypto exchange. The bank has taken advantage of the notice of the United Kingdom Financial Conduct Authority (FCA for its acronym in English) of June 26 on Binance.