Bitcoin, ethereum, litecoin, Ripple’s XRP, and bitcoin cash, the top five cryptocurrencies by value (excluding stablecoin tether), leaped over the U.S. Thanksgiving holiday weekend.
The bitcoin price climbed from under $7,000 per bitcoin to almost $8,000 in just two days, with ethereum, litecoin, Ripple’s XRP, and bitcoin cash all making similar gains
The news was welcomed by the local bitcoin and crypto industry, as well as the banking association BdB, which said the new regulation makes it possible for investors to invest in crypto-values via domestic rather than foreign funds, could help prevent money laundering and terrorist financing, and allow “experienced” credit institutions to protect investors.
Elsewhere, the bitcoin and cryptocurrency market may have been further boosted by reports Twitter and Square chief executive Jack Dorsey, known to be an advocate of bitcoin, revealed he plans to spend time in Africa next year, where it’s thought he will work on some bitcoin-related projects.
Dorsey expects Africa to “define” the future, especially when it comes to bitcoin
If you like this post, don't forget to upvote, comment and resteem it. Also make sure to follow@betrendy to stay updated about future posts.
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!