Infocripto
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December 8, 2023
Cryptocurrencies continued their downward trend on December 8, with Bitcoin falling below $43,000. Ethereum was also affected, falling below $2,300.
Prices of the main cryptocurrencies
* Bitcoin: $43,538
* Ethereum: $2,361.95
* Tether: $0.9986
* Binance Coin: $239,801
*XRP: $0.63820
* Cardano: $0.43081
* Solana: $62.9565
* Polkadot: $5.90210
* Tron: $0.10564
Outstanding news
Do Kwon, founder of Terraform Labs, will be extradited to the United States. Kwon is accused of fraud and market manipulation in connection with the collapse of the TerraUSD stablecoin.
El Salvador calls for a thousand people for its 100% bitcoinized visa.
The Salvadoran government is offering a special visa to investors who buy at least 3 bitcoins.
Sotheby's auctions its first Bitcoin NFT collection. The collection, called "Genesis," includes 10 digital artworks created by artists from around the world.
Analysis
The downward trend of cryptocurrencies is due to a number of factors, including:
The increase in interest rates by central banks, which makes safer investments, such as bonds, more attractive.
Global economic uncertainty, which has caused a flight of capital from risk assets.
Regulatory concerns about cryptocurrencies, which have led some investors to liquidate their positions.
The downward trend in cryptocurrencies is likely to continue in the coming months unless there is a significant change in economic or regulatory conditions.
December 8, 2023
Cryptocurrencies continued their downward trend on December 8, with Bitcoin falling below $43,000. Ethereum was also affected, falling below $2,300.
Prices of the main cryptocurrencies
* Bitcoin: $43,538
* Ethereum: $2,361.95
* Tether: $0.9986
* Binance Coin: $239,801
*XRP: $0.63820
* Cardano: $0.43081
* Solana: $62.9565
* Polkadot: $5.90210
* Tron: $0.10564
Outstanding news
Do Kwon, founder of Terraform Labs, will be extradited to the United States. Kwon is accused of fraud and market manipulation in connection with the collapse of the TerraUSD stablecoin.
El Salvador calls for a thousand people for its 100% bitcoinized visa.
The Salvadoran government is offering a special visa to investors who buy at least 3 bitcoins.
Sotheby's auctions its first Bitcoin NFT collection. The collection, called "Genesis," includes 10 digital artworks created by artists from around the world.
Analysis
The downward trend of cryptocurrencies is due to a number of factors, including:
The increase in interest rates by central banks, which makes safer investments, such as bonds, more attractive.
Global economic uncertainty, which has caused a flight of capital from risk assets.
Regulatory concerns about cryptocurrencies, which have led some investors to liquidate their positions.
The downward trend in cryptocurrencies is likely to continue in the coming months unless there is a significant change in economic or regulatory conditions.
#criptoecuador #Ecuador
Cryptocurrencies in Ecuador are still in an early stage of development, but their importance is growing rapidly. In 2023, the Central Bank of Ecuador estimated that there were around 100,000 Ecuadorians who owned cryptocurrencies. This figure is likely to increase in the coming years as cryptocurrencies become more popular and accessible.
Economic importance
Cryptocurrencies have the potential to facilitate international trade. International cryptocurrency transactions are faster and cheaper than traditional fiat currency transactions. This can be beneficial for Ecuadorian companies that export goods and services.
The Central Bank of Ecuador is working to develop a regulatory framework for cryptocurrencies. The goal is to promote the use of cryptocurrencies in a safe and responsible manner.
Social importance
Cryptocurrencies also have the potential to have a significant impact on Ecuadorian society. They can provide new financial opportunities to people who do not have access to traditional financial services.
For example, cryptocurrencies can be used by Ecuadorian migrants to send remittances to their families in the country. Remittances are an important source of income for many Ecuadorian families, but traditional transfer fees can be high. Cryptocurrencies can help reduce these fees, which can benefit families receiving remittances.
Additionally, cryptocurrencies can be used by social enterprises to raise funds. Social enterprises are organizations that use business principles to solve social problems. Cryptocurrencies can give these companies a new way to raise funds and support their causes.
Cryptocurrencies in Ecuador are still in an early stage of development, but their importance is growing rapidly. In 2023, the Central Bank of Ecuador estimated that there were around 100,000 Ecuadorians who owned cryptocurrencies. This figure is likely to increase in the coming years as cryptocurrencies become more popular and accessible.
Economic importance
Cryptocurrencies have the potential to facilitate international trade. International cryptocurrency transactions are faster and cheaper than traditional fiat currency transactions. This can be beneficial for Ecuadorian companies that export goods and services.
The Central Bank of Ecuador is working to develop a regulatory framework for cryptocurrencies. The goal is to promote the use of cryptocurrencies in a safe and responsible manner.
Social importance
Cryptocurrencies also have the potential to have a significant impact on Ecuadorian society. They can provide new financial opportunities to people who do not have access to traditional financial services.
For example, cryptocurrencies can be used by Ecuadorian migrants to send remittances to their families in the country. Remittances are an important source of income for many Ecuadorian families, but traditional transfer fees can be high. Cryptocurrencies can help reduce these fees, which can benefit families receiving remittances.
Additionally, cryptocurrencies can be used by social enterprises to raise funds. Social enterprises are organizations that use business principles to solve social problems. Cryptocurrencies can give these companies a new way to raise funds and support their causes.
#resumendeldia #CriptoNoticias #Bitcoin Cryptocurrency News Summary for December 7, 2023
The cryptocurrency market rebounded on Thursday, December 7, with Bitcoin (BTC) trading above $43,000.*
The flagship cryptocurrency rose 1.7% in the last 24 hours, to $43,069.25, according to data from CoinMarketCap.
Other major cryptocurrencies also posted gains. Ethereum (ETH) rose 2.2% to $2,239.66, while Binance Coin (BNB) rose 2.5% to $371.99.**
The cryptocurrency market's recovery comes after a series of weeks of losses. The CoinMarketCap Cryptocurrency Price Index is up 12.03% from its all-time low in June 2023.
Analysts attribute the recovery to increased institutional interest in cryptocurrencies. In recent weeks, several investment funds and banks have announced plans to invest more in cryptocurrencies.
Consumer adoption of cryptocurrencies is also expected to increase in the coming months. Several retailers and utility companies have started accepting cryptocurrencies as a form of payment.
Overall, the cryptocurrency market remains volatile, but there are signs that the downward trend could be coming to an end.
Cryptocurrency-specific news that occurred on December 7, 2023:
Sotheby's auctions off its first Bitcoin NFT collection.** Luxury auction house Sotheby's announced that it will auction off a collection of Bitcoin NFTs, including works of art, music and videos. The auction will take place on December 14.
JPMorgan's Jamie Dimon still believes the government can shut down Bitcoin.** JPMorgan Chase CEO Jamie Dimon reiterated his opinion that the government could shut down Bitcoin. Dimon said the government could “turn off the switch” on Bitcoin if it wanted to.
The cryptocurrency market rebounded on Thursday, December 7, with Bitcoin (BTC) trading above $43,000.*
The flagship cryptocurrency rose 1.7% in the last 24 hours, to $43,069.25, according to data from CoinMarketCap.
Other major cryptocurrencies also posted gains. Ethereum (ETH) rose 2.2% to $2,239.66, while Binance Coin (BNB) rose 2.5% to $371.99.**
The cryptocurrency market's recovery comes after a series of weeks of losses. The CoinMarketCap Cryptocurrency Price Index is up 12.03% from its all-time low in June 2023.
Analysts attribute the recovery to increased institutional interest in cryptocurrencies. In recent weeks, several investment funds and banks have announced plans to invest more in cryptocurrencies.
Consumer adoption of cryptocurrencies is also expected to increase in the coming months. Several retailers and utility companies have started accepting cryptocurrencies as a form of payment.
Overall, the cryptocurrency market remains volatile, but there are signs that the downward trend could be coming to an end.
Cryptocurrency-specific news that occurred on December 7, 2023:
Sotheby's auctions off its first Bitcoin NFT collection.** Luxury auction house Sotheby's announced that it will auction off a collection of Bitcoin NFTs, including works of art, music and videos. The auction will take place on December 14.
JPMorgan's Jamie Dimon still believes the government can shut down Bitcoin.** JPMorgan Chase CEO Jamie Dimon reiterated his opinion that the government could shut down Bitcoin. Dimon said the government could “turn off the switch” on Bitcoin if it wanted to.
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