December 5, 2020

Cryptheory

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Crypto News of the Day (16.1.)|$ 20mil USDC Goes to Markets • eToro Plans to Issue Its Own Debit Card • and Other News

3 min read
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Here you can find an overview of the most important crypto events in the last 24 hours.

Markets

The markets have reversed the trend and price corrections today. Bitcoin has not yet reached the $ 8,800 threshold and is now below it. Also, most altcoins are now losing slightly. Nevertheless, the total market capitalization rose to almost $ 240 billion.

You can monitor the current cryptocurrency prices – here.

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Cryptocurrencies

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Regulations

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Crypto exchanges / Banks

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Blockchain / Technology

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Another USDC for USD 20m is heading to the markets

USD Coin (USDC) is the second largest stablecoin in terms of market capitalization. With the support of Coinbase and Circle, the asset is a competitor of Tether (USDT). Whale Alert reported that another $ 20 million worth $ 20 million has just been issued.

Crypto News of the Day (16.1.)|$ 20mil USDC Goes to Markets • eToro Plans to Issue Its Own Debit Card • and Other News

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Maduro: All flights must pay for fuel in Petro

Venezuelan President Nicolas Maduro said that all flights from the country had to pay for fuel in the Petro state cryptocurrency, which is covered with Venezuelan oil. Petro can be exchanged for any fiat currency, including USD. The measure aims to raise more resources for the state and circumvent US sanctions.

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European regulator ESMA wants to unify cryptocurrency regulations in the EU this year

The European Securities and Markets Authority (ESMA) recently issued its 2020-2022 roadmap detailing how it will attempt to integrate co-regulation of cryptocurrencies in the European Union. As already mentioned, it is very unlikely that ESMA will focus on any technical about cryptocurrency or prohibition of ICO, IEO or STO coming into the market in the future. However, it will most likely focus on how information on the trading of cryptocurrencies in the European Union is handled. Probably the best model currently belongs to the United Kingdom, which permits all cryptoactivities in the country, but now and then it asks for more information from local cryptocompanies.

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eToro plans to release its own debit card and extension

eToro, a platform that allows its customers to invest in whatever assets they want, from stocks and commodities to cryptoactives, plans to launch debit cards this year and expand their activities to the USA, South Africa and Hong Kong.

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The real estate company used blockchain to buy property in Switzerland for $ 134 million

The building on the prestigious Banhofstrasse in Zurich, Switzerland has been successfully tokenized and sold on the blockchain today. The new owner of the building is the Swiss real estate company BrickMarket. The company issued crypto token-backed bonds, which metaphorically represent the ‘shares’ of building ownership.

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Research: UAE could save $ 3 billion by using blockchain

By integrating blockchain-based solutions, the UAE can significantly reduce administration by removing 77 million working hours and 398 million documents. Emirates have about 80% of their businesses already involved in the use of blockchain technology. The United Arab Emirates have a relatively strong and positive regulatory framework for cryptocurrencies and blockchain.

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