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Friday, September 24, 2021

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Bitcoin returns to $ 50,000 levels, then falls

Bitcoin, the most famous cryptocurrency in the world, reached 50,139.20 dollars per unit this Monday, around 9:30 a.m. in Mexico City, a level it has not returned to since May.

After the online payment company PayPal announced that it will start making transactions for the purchase and sale of cryptocurrencies in the United Kingdom, bullish expectations for bitcoin were activated.

These operations were reactivated in the United Kingdom because in June the financial control body of that country (FCA for its acronym in English) had stopped the activities of Binance Markets, a platform for the exchange of cryptocurrencies by volume.

Through the PayPal platform, UK users will be allowed to buy and sell cryptocurrencies. The crypto assets available are ethereum, bitcoin, litecoin and bitcoin cash, although it is not yet clear whether these types of assets will be accepted to make payments.

The CEO of Coinbase, an American cryptocurrency trading platform, Brian Armstrong, announced via Twitter that an investment of 500 million dollars in purchases of cryptocurrencies was approved and that 10% of their profits in the future will be invested in digital currencies.

“We recently received the approval of the board to buy more than 500 million dollars in cryptocurrencies,” he wrote on his social network.

“We will invest 10% of all future earnings in cryptocurrencies. I hope this percentage will continue to grow over time as the crypto economy matures, ”he added.

Facebook, the main social network in the world, is also interested in crypto assets, as it is considering launching its digital wallet Novi.

Initially, the company had released its cryptoasset under the name Libra and has had different setbacks due to privacy, regulatory and design issues. Your token was supposed to be backed by a portfolio of fiat currencies, but now only the dollar will be included.

US banks such as JP Morgan, Wells Fargo join Goldman Sachs and BNY Mellon, seeking to expand offerings for their clients in cryptocurrencies.

In fact, Wells Fargo registered its own bitcoin fund, according to CounDesk. It is a bitcoin tracker that will only be available to patrimonial clients.

TikTok, the video social network, partnered with Audius, a streaming platform powered by cryptocurrencies.

According to Forrest Browning, co-founder of Audius, in an interview with Rolling Stone magazine, he mentioned that the integration will allow users to export songs created with the TikTok protocol with a single click.

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Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: [email protected] Phone: +1 513-209-1700

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