Bitcoin soars above $ 39,000 with revaluation of more than 10%

Kendy Villarroel — Thu, 07 Jan 2021 19:30:58 +0000

The value of the popular cryptocurrency, bitcoin, has risen this Thursday to a level that exceeds $ 39,000, with a revaluation of more than 10% in the session and above 30% so far in 2021, a figure that exceeds 377% the accumulated increase in one year.

The analyst of the multi-asset investment platform eToro, Simon Peters, reported that the growing demand for the popular currency makes the asset see as a refuge opportunity against the great fear of the institutions in this 2021, the powerful inflation.

“The financial generosity we have seen from central banks and governments has eroded the value of traditional assets like cash and bonds. This shows no signs of abating, so the momentum behind bitcoin is unlikely to fade in the near future, ”Peters said.

Better than physical gold

For his part, the co-founder and CEO of Bitpanda, Eric Demuth, reported in a recent interview to Europa Press that bitcoin “is digital gold and, in several respects, even better than physical gold (cheaper to store and move; better divisibility; tamper-proof and easily verifiable). That is something that many small investors already understand and to which institutional investors are adapting”.

In this regard, the Office of the Comptroller of the US Currency clarified that national banks could use stablecoins to perform payment activities and other functions.

K. Villarroel

Source: abc

La entrada Bitcoin soars above $ 39,000 with revaluation of more than 10% apareció primero en Bitfinance.

US banking regulators approve the use of blockchain to issue payments

Kendy Villarroel — Tue, 05 Jan 2021 18:15:08 +0000

One of the independent agencies of the United States Department of the Treasury, called the Office of the Comptroller of the Currency, has ruled through a statement about the use of stablecoins as a mechanism to issue payments in cryptocurrencies.

The measure directed exclusively to regulated banks of the Federal Government clarifies that as long as the law and banking practices are complied with, any “national bank or federal savings association can validate, store and record payment transactions serving as a node in an INVN (independent node verification network), also known as the independent node verification network or blockchain network ”.

The government entity also added that a bank “can use INVN and related stablecoins to carry out other permitted payment activities.”

Banks may issue stable coins

In the letter, it is also taken for granted that banks will be able to issue stablecoins due to charging debit cards and checks by exchanging them for fiat money. “Banks have long used cashier’s checks, traveler’s checks and other bearer instruments as a means of facilitating cashless payments,” as specified in the statement.

Jeremy Allaire, co-founder and CEO of Circle, assures that the measure leads the country’s economy to very important scenarios. “It is tremendous to see such progressive support from the largest national bank regulator in the United States,” Allaire said.

K.Villarroel

Source: diariobitcoin

La entrada US banking regulators approve the use of blockchain to issue payments apareció primero en Bitfinance.

Office of the Comptroller of the Currency – Bitfinance

Bitcoin soars above $ 39,000 with revaluation of more than 10%

Better than physical gold

US banking regulators approve the use of blockchain to issue payments

Banks may issue stable coins