13.08. [News of the day] • Argentina President: There is no reason to push against the adoption of BTC • and other articles

Welcome to today’s overview of crypto news:

MARKETS

BTC reached a new nearly three-month high of $ 46,800 yesterday as the Bears regained control of the market. After reaching the top, the asset began to lose value somewhat quickly. This resulted in a drop in price of $ 4,000, after which BTC fell below $ 44,000 for the second time in less than a week.

At this point, however, the bulls intervened and reversed the cryptocurrency. BTC set out on a journey, recovering $ 44,000 and $ 45,000 in a matter of hours and embarking on another phase of growth. In the latter, he reconquered $ 46,000. Since yesterday’s slump, BTC has managed to add another roughly $ 2,500 and is currently above $ 46,000.

Most altcoins also corrected yesterday, with ETH dropping to just over $ 3,000. However, the second largest digital asset rebounded nicely and is currently trading above $ 3,200.

BTC analysis – price growth does not end, but volumes are still missing

Cryptocurrencies

After an 16% increase, Cardano becomes cryptocurrency number 3

The price of Cardano (ADA), a native token of the blockchain project of the same name, has risen 16.1% in the last day and today reached a 12-week high of $ 2.

According to CoinGecko, the asset gained 43.1% in the last week, making it the largest profiter among the leading cryptocurrencies on the market.

The latest upward move has pushed the token’s market capitalization to $ 63.43 billion, representing 3.17% of the total value of all cryptocurrencies. As a result, the ADA overtook Tether in the position of the third largest cryptocurrency and came ahead of Binance Coin (BNB).

Argentina President: There is no reason to push against the adoption of BTC

The Argentine president said that there was no reason why the country should oppose the possible adoption of BTC. El Salvador’s decision to accept the BTC as legal tender has sparked discussion in Central and South America. The Argentine president was the last to show some support in a recent interview.

In an interview with the local Caja Negra medium, Alberto Fernandez touched on the topic of digitization and how the country approaches it. Specifically, he was asked whether Argentina would be involved in launching the central bank’s own digital currency or perhaps even accepting BTC as legal tender:

“I don’t want to go too far,” but there’s no reason to say ‘no.’ Maybe it’s a good path we should take. “

He added that the most significant advantage of BTC’s journey is that “the inflationary effect is largely nullified” by the maximum supply of this asset, which is 21 million coins that ever existed.

Banks, crypto exchanges, companies

Powerbridge Technologies is expanding into cryptocurrency mining

Blockchain application developers and technology company Powerbridge Technologies Co. they are expanding their business model to include cryptocurrency mining.

In a August 12 announcement, Powerbridge Technologies Co. dealing with technology and blockchain, said she planned to expand her business model to include cryptocurrency mining (specifically BTC and ETH). The company is listed on the Nasdaq Stock Exchange and consists of two branches: Powerbridge SaaS and Powerbridge Blockchain.

The company’s SaaS branch integrates artificial intelligence, big data and IoT (Internet of Things) technologies in the form of SaaS solutions for international trade, e-commerce and other use cases. Its blockchain branch initially focused on IPFS distributed network services and industry-specific blockchain applications.

Chinese payment giant Alipay is looking for buyers for the new NFT

Alipay, one of China’s major payment applications, has re-launched NFT artwork designed as wallpaper for user code pages, with a total of 80,000 two editions sold in one day.

Yesterday, Alipay launched the sale of two editions of works of art, built on its own Ant Chain, based on the popular Chinese animated film “White Snake 2: The Tribulation of the Green Snake”, which hit theaters last month. Buyers could purchase artwork for 10 Alipay points plus 9.90 yuan ($ 1.53).

The latest sale followed a successful sale of Alipay NFT artwork in June, adapted to images of flying apsaras and sacred deer from the Thousand Buddhas Cave, or Mogao Cave in Dunhuang, China.

CBDC, Regulation

Samsung joins the South Korean CBDC pilot on the Galaxy smartphone

According to a report in the Korea Times, Samsung Electronics will participate in the Central Bank of Korea’s digital currency pilot program, which aims to test the practical possibilities of digital currency transfers without Internet access.

According to the report, the goal of the bank and Samsung officials is to explore the potential of CBDC to create more efficient and advanced payment systems and increase financial inclusion – monitoring tests in a virtual environment. Samsung plans to test the usability of blockchain-based payment systems on its Galaxy smartphone.

In particular, Samsung will focus on testing whether “it is possible to make payments via mobile phones using digital currency without Internet access or to send CBDC transfers to other mobile phones or other connected bank accounts,” said an unnamed official quoted in the report.

Ghana: CBDC “represents a great opportunity”

According to an official press release, the Bank of Ghana has taken a step forward to pilot the introduction of a universal CBDC. The bank collaborated with the German company Giesecke + Devrient (G + D), which deals with the printing of banknotes and securities, and used its CBDC solution called Filia.

G + D will provide its own CBDC (Filia) solution to test the allocation of the digital form of Ghana’s national currency Cedi, or “e-Cedi”. This project marks the importance of Ghana’s “Digital Ghana Agenda” digitization strategy, which aims to digitize data and government services for a country of 30 million people. Eventually, e-Cedi will serve as a supplement to physical cash as a digital alternative. The initiative aims to help those who do not have bank accounts or smartphones.