Bitcoin today celebrated 13 years

Bitcoin Today: 13 years since Whitepaper publication

On October 31, 2021, Bitcoin, the oldest functioning cryptocurrency, celebrated precisely 13 years since the publication of its Whitepaper, the leading Bitcoin publication that preceded its deployment into live operation. So far, the BTC is the most valuable and powerful digital currency on the market, and proponents consider it to be much more decentralized than the rest of the cryptocurrencies. This is partly because the founder of Bitcoin, Satoshi Nakamoto, receded into the background and fell silent, thus relieving BTC of a figure standing realistically or morally at its head.

Exactly 13 years ago, Satoshi Nakamoto published on the Internet his proposal for a decentralized cryptocurrency based on an ingeniously simple technology known as the blockchain. It was the beginning of a new era of money.

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El Salvador bought the slump again

The first country to promote Bitcoin (BTC) from a mere investment asset to legal tender took advantage of the sale and bought a slump. How much did El Salvador buy this time? On Wednesday, Salvadoran President Nayib Bukele announced that another 420 BTC had been added to his state reserves.

Bukele wrote on Twitter: “It was a long wait, but it was worth it. We just bought a dip! 420 new bitcoins. Then, he added: We’ve already made money on the bitcoins we just bought”.

El Salvador bought BTC when its price had dropped by about $7,000 from its October high. Anthony Pompliano blames the US for not doing the same. He said: “It is absurd that the US is ahead of El Salvador in how many bitcoins it owns. Our national policy should be to match every purchase of BTC made by a foreign government. The next geopolitical competition will not be the number of nuclear weapons but how many bitcoins you own”.

Regulators want US banks to hold Bitcoin

According to Reuters, US regulators are working to create more explicit rules for banks. These should make it easier for clients to trade. But also to use and hold cryptocurrencies. Federal Deposit Insurance Corporation (FDIC) President Jelena McWilliams is working with the Office of the Currency Controller (OCC) and the US Federal Reserve (FED). This to establish regulatory procedures for Bitcoin and cryptocurrencies.

“I think we need to allow banks to enter this area while properly managing the risks involved”. McWilliams said, adding:

“My goal in this interagency group is basically to give banks a way to act as managers of these assets. Also to use cryptocurrency assets and digital assets as a form of collateral. At some point, we will look at how and under what circumstances banks can keep them on their balance sheets. However, the problem is the valuation of these assets and fluctuations in their value, which can be almost daily”.

“The chairwoman of the FDIC has just stated that regulators are looking for ways in which American banks can own Bitcoin”. This was commented on the report by the famous crypto enthusiast, Anthony Pompliano.