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Five Crypto News you can’t miss this week

Photo of: Joseph Stone
by Joseph Stone

Bitcoin soars above $15,000

Decidedly, 2020 will not have been a catastrophic year for everyone. Bitcoin has indeed performed very well this year and has even just passed the symbolic bar of 15,000 US dollars, a first since January 2018. At the time of writing, the BTC is trading at more than 15,100 dollars, which represents an increase of 8% in 24 hours and 12% in one week. In order to reach its historical high of close to 20,000 dollars (reached in December 2017), Bitcoin would need to jump 30%. Experts’ predictions are very positive for the next few months, Bloomberg Intelligence sees it easily at 100,000 dollars by 2025. We just have to wait…

Phase 0 of Ethereum 2.0 arrives on December 1st, ETH price increases

Hallelujah! It looks like we finally have a launch date for the first phase of Ethereum (ETH) 2.0, it would be December 1, 2020. This second version of Ethereum will launch the genesis block (the first block) of its beacon chain, at least that’s what the developers announced this week. According to them, there must be at least 16 384 validator repositories 7 days before December 1st. These deposit contracts will allow transactions between the original Ethereum and its second version, which will be based on the long-awaited consensus mechanism by proof of stake.

Bitcoin is of growing interest to Cubans

According to recent data from Google Trends, it seems that Cuba is becoming more and more seriously interested in Bitcoin (BTC). In fact, the island now ranks second in terms of interest in Bitcoin over the last 30 days. The country follows Nigeria, which is still on the first step of the podium where it has been since April 2020. One of the explanations for the Cuban people’s growing interest in the dean of cryptocurrencies is most certainly to be found in Uncle Sam’s house. In fact, the United States has imposed sanctions on Cuba that its inhabitants can circumvent thanks to Bitcoin, which does not recognize any borders. The large digital payment companies such as PayPal and Stripe are not accessible to Cubans. At the end of October, local programmer and YouTuber Erich García called on the country to use Bitcoin for cross-border money transfers through the exchange of BitRemesas cryptocurrencies.

A pro-Bitcoin senator has just been elected

Proponents of cryptocurrencies are delighted. A pro-Bitcoin politician (BTC) has just won a seat in the U.S. Senate. She is Cynthia Lummis, the Republican Party for Wyoming. She has already been dubbed the Bitcoin Senator and has received the support of several financial personalities such as Caitlin Long, the CEO of Avanti Bank & Trust. Lummis recently stated in a blockchain event: “It was during my time in Congress that I got to know Bitcoin. I was struck by its innovative character, with its decentralized public ledger and fixed supply. Knowing that there will only be 21 million Bitcoins makes it an attractive store of value”. She said she made her first purchase in 2013, when you could buy a BTC for about $300.

The European Central Bank wants your opinion on the euro-crypto

For several months now, central banks have been working on the subject of digital currencies for central banks (MNBC). The European Central Bank, which wants to speed up the implementation of a digital euro, recently asked people’s opinion on this subject via a poll. According to Fabio Panetta, a member of the ECB’s board of directors, the current health climate could even represent a scenario favouring the creation of an MNBC, as our colleagues from the Journal du Coin learn. An opinion shared by Christine Lagarde, President of the ECB, who said on Twitter: “We have started to explore the possibility of launching a digital euro. As Europeans are increasingly turning to digital in the way they spend, save and invest, we should be ready to issue a digital euro, if necessary. I would also like to hear your views on this. “Ms. Lagarde would like to hear the opinions of both individuals and professionals.