Central Bank of the Central Asian country Kyrgyzstan announced that it has started work on a bill to regulate the cryptocurrency industry in the country. Among the expected benefits of the new regulations, the bank aims to introduce the development of digital financial products, favorable conditions for business, and even a formal tax regime for digital assets.
Ethereum 2.0 Is Coming To The Expected Level
The four Ethereum-based liquidity pools of the Uniswap decentralized cryptocurrency platform will be closed at the end of the campaign. With the closure of four pools, it is known that over 2 million Ethereum will be unlocked tonight. Currently, 524,288 ETH must be staked for Ethereum 2.0. Because Ethereums that will be released increase the possibility of a transition to Ethereum 2.0 if they are staked (stored and locked) for the new update.
Banks' Expectation for Bitcoin Increases
CitiBank Managing Director Thomas Fitzpatrick recently published a new report called "Bitcoin: 21st Century Gold", where he made an ambitious target that Bitcoin could reach $ 318,000 by December 2021. The interest and predictions of big banks in cryptocurrencies also increase the interest of investors.
Serious Increase in Bitcoin Transaction Density
Bitcoin (BTC) price reached its 2020 high as it approached the $ 17,000 level. Last month, the BTC price gained over 50% as net buyers on exchanges suppressed miner sales during this period. In an hourly analysis on exchanges, Bitcoin purchases reach about 20 times the amount that miners sell.
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