The price of Bitcoin fell quickly below $ 16,000 this Saturday. Putting on pause the rapid rebound observed in recent weeks. The price of Bitcoin fell after hitting $ 16,400 yesterday. Bitcoin took a dip in a matter of hours.
Currently according to our online crypto tool, the price of Bitcoin stands at USD 15,900. Registering a decreasing variation of -2.30% in the last 24 hours. However, despite the fact that Bitcoin fell back this Saturday, analysts agree that the race towards Bitcoin’s record of around $ 20,000 would accelerate again, probably in December.
The United States allows payment with Bitcoin for the passport service with Peninsula Visa
US citizens can now pay for select passport services with Bitcoin (BTC). Peninsula Visa announced the change to its accepted payment methods in a statement.
Peninsula Visa announced its integration plans to allow Bitcoin payments for some of its services. In the next 12 months, your customers can access their “BTC benefit” through the Coinbase Commerce platform.
Peninsula Visa Operating Officer Evan James has commented on the partnership. He said the collaboration means Peninsula Visa has become the first company to support Bitcoin payments for United States passport services.
Senator Cynthia Lummis: “I hope to bring Bitcoin to the national debate in the United States”
Cynthia Lummis, a senator-elect for the state of Wyoming, hopes to make Bitcoin visible in the national debate in the United States. Mainly, because it considers that it is an efficient value protection mechanism that will play an important role in the future.
During an interview on national television, Lummis contrasted the emission mechanisms of Bitcoin and the dollar. For her, Bitcoin is ahead of fiat money by having a limited supply, while the money issued by the Federal Reserve (FED) is inflationary.
Our own currency is inflationary. Bitcoin no. There will only be 21 million bitcoins mined. That’s it. It’s a finite supply, “explained the senator, Wyoming’s first woman elected to that position.
Additionally, the former congresswoman and member of the Republican Party recalled her past as treasurer of her town and her constant search for a good safeguard asset. “Bitcoin fits that search,” added the senator. Lummis is known in the political arena as the first senator to publicly acknowledge owning Bitcoin.
18 thousand bitcoins went from Huobi to Binance after the disappearance of a manager
The whereabouts of Robin Zhu, chief operating officer of the Huobi exchange, has been unknown since November 2. According to some versions, he was arrested in China. Since that day, Huobi users withdrew more than 18,652 Bitcoin directly to the Binance exchange.
This is how CoinDesk described it in a recent note. In the publication, it can also be seen that November 5 was the all-time high of bitcoin transfers from Huobi to Binance (about 4,800 Bitcoins).
Still, even before Zhu’s disappearance, the number of transfers from Huobi to Binance was constantly increasing. The cause of this appears to be the measures of the Chinese government against exchanges that accept users from that country, despite the ban that has been in force since 2017.
Quick Notes of Interest:
- The Bitcoin Cash (BCH) Blockchain network, the alternate version of Bitcoin originally endorsed by Roger Ver and the Bitcoin ABC team, will experience a new large-scale update (hard fork) tomorrow, November 15, in which the community will have to decide what will be the changes that they want to support in a majority way for the operation of the network.
- Chile’s CMF now works with the Central Bank on crypto-regulations: The Chilean Financial Market Commission has recently published a proposed Fintech Law for the stock market and briefly mentions the case of digital assets.
- KuCoin recovered 84% of the funds stolen by hackers from the platform in September. This was indicated by the exchange through a statement, in which it reported that it recovered some USD 235 million stolen from KuCoin in an attack carried out at the end of September. The criminals originally stole around $ 300 million in crypto funds, which led to the suspension of operations while the respective investigations were carried out.
Bitcoin fell back this Saturday, how do you think the price of Bitcoin is going to follow? Let us know in the comment box.