1) Turkish central bank digital currency will be practically tested in 2021.
Naci Agbal, Governor at Central Bank of Rep of Turkey announced that “conceptual” research had been completed on Digital Lira. He said
There is an R&D project initiated on digital money. Currently, the conceptual phase of this project has been completed. We aim to start pilot tests in the second half of 2021.
Turkey has been researching on CBDC since 2019 and in November of 2019 Turkish president Recep Erdoğan had announced that tests for a digital Lira will be done by end of 2020. Therefore, they are already running a bit late as planned.
2) Mexico’s second richest man calls Bitcoin purchase as his best investment ever.
Ricardo Salinas Pliego in an Interview explained that he had bought his first Bitcoin in 2013 when it was worth around $200 and that was his “best investment ever”. He had held it till 2017 highs, he sold all his positions at $17,000 and rebought it later at a lower price. He also claimed that he was initially attracted by Bitcoin as a means of exchange and now is convinced that Bitcoin’s potential resides in its store of value features.
3) David Sønstebø discloses details about his split with the IOTA Foundation.
IOTA founder David Sønstebø opened up about his split with the IOTA foundation on his blog. He mentioned in the blog
The “official” reasoning for my departure was communicated on the basis that there was some kind of contradiction between my interests and that of the organization. I categorically reject this blatantly false, dubiously motivated and defamatory depiction of my person. I founded the project, raised the capital for the Foundation, built the initial team, single-handedly selected and empowered every current Board member and have never taken a single cent in compensation. Rather, in context, the truth is that if forced, my number one allegiance is to IOTA.
4) XRP still stays bearish with a 50% downfall within last 7 days .
The SEC thing has been too hot to handle for Ripple. The lawsuit claimed that Ripple’s former CEO and founder Christian Larsen and its current CEO Bradley Garlinghouse violated securities laws by selling XRP over a seven-year period starting in 2013. Just after the news Exchanges started building barriers around XRP. MoneyGram a global leader in cross-border P2P payments and money transfers in a press release clarified things about their partnership with Ripple. Bitwise Asset Management, one of the largest crypto fund managers has stopped investing in Ripple after SEC’s complaint.
5) Bitcoin reaches ATH and its price surges towards $28,000.
According to Coinmarketcap, Bitcoin had reached a record high of $27,509. To this Josh Rager, an analyst tweeted
Kind of wild that Bitcoin is closer to $30k than $20k now
Bitcoin Jack also tweeted
$BTC $26.6 to 30K is a region in which a potential overthrow could develop, only confirmed by falling below the diagonals again, leading to a large correction Without overthrow, the price will continue scarily steep towards 36-42K it seems Current PA similar to March-May 2017
Stay up to date with latest Cryptocurrency News and Analysis by connecting with us on Twitter.
You must be logged in to post a comment.