Welcome to today’s overview:
It was only a few days ago, during the weekend, that the price of the primary cryptocurrency had risen to $ 60,000, but it didn’t last long. The ensuing refusal drove her south. Within hours, BTC was below $ 56,000 for the second time in less than a week. This happened after several highly volatile movements.
The bulls tried to strengthen and pushed BTC up, culminating yesterday’s daily high of $ 58,400. It is now trading around $ 59,500.
With the boom in tourism, Salvador is getting on the map thanks to BTC
The adoption of BTC in El Salvador already brings dividends to this small country, and the latest win is an increase in the number of tourists flocking to the country. Not only the BTC maximalists are coming to the capital San Salvador to see the future of the world, where BTC is the reserve currency.
Tourists come here from all over the world to see for themselves the impact of the decision to accept this cryptocurrency. Several travel bloggers have already documented their experiences with using BTC as a medium of exchange on their blogs. The direct consequence of this influx is the stimulus it brings to the overall economy of El Salvador.
Banks, crypto exchanges, companies
Adidas Originals announces partnership with Coinbase
Adidas Originals, a brand of the German sportswear company Adidas, has announced a partnership with the Coinbase crypto exchange.
Adidas reported on Twitter:
We’ve partnered with @coinbase.
– adidas Originals (@adidasoriginals) November 24, 2021
And in response to the partnership, Coinbase confirmed:
– Coinbase (@coinbase) November 24, 2021
Adidas Originals did not respond to requests for further information about the partnership. However, the brand expressed interest in the meta version in a tweet two days before the announcement of the partnership, in which it indicated: “adiVerse, anyone?”.
Leading Japanese banks want to introduce a digital currency covered by bank deposits
The Japan Digital Currency Forum has issued a white paper examining the possibility of introducing a new cryptocurrency covered by bank deposits.
The forum consists of more than 70 companies, including leading banks in the country, such as MUFG Bank, Sumitomo Mitsui Banking Corp, Mizuho Bank, Japan Post Bank and others. The project also includes several government agencies, with the country’s Ministry of Finance and the country’s central bank acting as observers.
The digital currency, temporarily called the DCJPY, would be issued by commercial banks as their liabilities. The currency would be covered by bank deposits and would not bear interest, the white paper said. Users could mint this currency by withdrawing deposits from their bank accounts and depositing the equivalent amount in DCJPY into a digital currency account.
Cryptocurrency miner Xive is fleeing southern Kazakhstan due to lack of energy
Crypto miners in southern Kazakhstan are facing a winter that is probably colder than they expected. Xive, which runs cryptocurrency farms in Kazakhstan, was forced to close its southern part of the country due to a lack of electricity.
Didar Bekbauov, co-founder of Xive, said today that his company had to close its mining site in southern Kazakhstan due to reduced energy supplies in the region.
KEGOC, which operates the national grid, said in October that demand for electricity in some parts of Kazakhstan had exceeded electricity production.
Spanish regulator raised the alarm due to the promotion of Binance by a football star
The chief financial regulator in Spain has issued a warning about football star Andrés Iniesta for promoting the main crypto exchange Binance.
Iniesta, a midfielder for Barcelona and the Spanish national team, promoted Binance on his Instagram and Twitter social networks.
On Wednesday, Iniesta published several photos of a laptop standing on the screen showing the Binance website.
— Andrés Iniesta (@andresiniesta8) November 24, 2021
Finnish regulators are tightening the conditions for the listing of digital currencies
The Finnish regulators have issued an official announcement in connection with the growing hype surrounding cryptocurrencies. The Finnish Financial Supervision Authority (FSA) said this on Wednesday.
“In Finland, virtual currencies and related services can only be listed by registered virtual currency providers. The listing of virtual currencies in Finnish and Finland is only permitted to entities registered as virtual currency providers in Finland. ”
FSA seems to want to protect investors, especially small ones, who are more likely to be affected by marketing activities. If it can be said that in the years 2020-2021, in connection with the bull mania, there will be a larger FOMO for retail investors around the world.
The FSA press release is a direct response to the increase in digital currency marketing and related services in Finland. The Finnish media reported an increasing number of cryptocurrency articles, while in a recent editorial in the mainstream Helsinki Times, the authors concluded that cryptocurrencies are fashionable in Finland and will remain popular in the years to come.