Venezuela, the country that uses Bitcoin the most in Latin America, announced that it started BTC mining by establishing a production facility in addition to making payments with cryptocurrency in many places. Petro, Venezuela's own digital currency, is still not available globally due to US sanctions, but can be used as a form of payment in many shopping channels in the country. State leaders maintained their confidence and encouragement in the use of digital currency, stating that this will play a major role in the development of the country.
$ 1.3 Billion Lawsuit Against Ripple
Ripple was asked for $ 1.3 billion in a lawsuit filed for violating federal securities laws, following accusations by the SEC that Ripple was unlicensed fundraising "through a digital asset called" XRP ". Looking at the claim, it is seen that Ripple was bribed by Ripple to list XRP on the exchanges and many other legal violations.
Bitcoin Supply Could Be Less than 21 Million
Bitcoin has a limited supply of 21 million in total. The current circulating supply is about 18 million. Cryptocurrency analytics company Glassnode showed in the statistics it shared that two million Bitcoins could be lost. According to the research, 98% of two million Bitcoins, corresponding to 9.5% of the total supply, were mined more than 7 years ago and 94% more than 10 years ago. The fact that bitcoins are forgotten or lost in certain places for not being traded can reduce the supply of 21 million Bitcoin, making it more difficult to obtain.
Blame MoneyGram on Ripple
MoneyGram, the world's second largest money transfer provider, received $ 52 million from Ripple this year to provide Ripple's own liquidity support. In the complaint, the SEC seems to have mentioned MoneyGram when it claimed that "participation in ODL was" subsidized by Ripple. "MoneyGram was not identified as the name in the SEC complaint, but stated that Ripple paid the anonymous money changer $ 52 million by September 2020. .
Bitcoin Supply Crisis Begins
In a table showing the Bitcoin supply published by Glassnode CTO, the most striking was the sharp decline in the number of Bitcoins that have existed for about 1 year. CTO and others see this as a sign that Bitcoin is in the midst of a supply and liquidity crisis, which makes long-term high pricing predictable in conjunction with Bitcoin demand.
TESLA is More Volatile than Bitcoin
Tesla, America's most valuable automaker, is more volatile than Bitcoin. It was determined that TSLA, one of the best performing shares of the year, was "less volatile" than Bitcoin. While TSLA has become the favorite of Wall Street, it did not go unnoticed that Bitcoin yielded 200% in the same period and 400% return since its lowest level in the year.
Establishes Bitcoin Fund on SkyBridge
Ripple was asked for $ 1.3 billion in a lawsuit filed for violating federal securities laws, following accusations by the SEC that Ripple was unlicensed fundraising "through a digital asset called" XRP ". Looking at the claim, it is seen that Ripple was bribed by Ripple to list XRP on the stock market, and many other legal violations.
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