Market news by Safello AB from February 16, 2022, 2:40 pm
The shorter downward trend we have seen since last week has been broken and in just over the past 24 hours, the market has risen again. Right now it remains to be seen if the price of bitcoin manages to pick up further and pass the support level at 46,000 USD. If this happens, we can assume that the price will continue to rise. Otherwise, it is likely to turn down again. Right now, the bitcoin price is just over 44,000 USD.
The total market value of all cryptocurrencies is almost $ 2.08 trillion.
For the past 24 hours, the bitcoin price has been basically unchanged, while the ether price has risen by + 1.2%. The polkadot price has decreased by -0.1% and the polygon and link price have risen by + 2.1% and + 2.5% respectively. Of the total market value for all cryptocurrencies, just over 40% is allocated to bitcoin and 18% to ether. You can read about the course in SEK at bitcoin.se. Further deep diving in different segments and variables can be found here.
Earlier today, Safello released its fourth quarter report for the financial year 2021 and in connection with it, a presentation was broadcast live with Frank Schuil, CEO, and Johan Edin, CFO, as well as a subsequent Q&A. The report can be viewed on Safello's website and the live broadcast can be viewed on YouTube or LinkedIn.
The European Commission has announced that it plans to present a proposal for a new digital euro law (CBDC) next year. News site Politico reported that the bill will serve as the legal basis for the European Central Bank's ongoing technical work for a digital version of a euro banknote or coin. In e.g. The US Federal Reserve has already released the first results of its CBDC research and taken its first step towards issuing a CBDC. "If we do not meet this requirement, then others will," said Fabio Panetta, ECB Executive Director. The proposed bill will collaborate with the research carried out by the ECB. They expect to start working on a prototype by the end of 2023. Only then will eurozone legislators decide whether the introduction of a digital euro is worthwhile. If so, the digital euro could be launched in 2025.
The asset manager BlackRock will offer crypto trading
BlackRock, the world's largest asset manager, is preparing to offer a cryptocurrency trading service to its customers, according to three people working on the project. BlackRock manages over $ 10 trillion in assets and plans to enter the cryptocurrency area where they are also looking at their own credit facility. In other words, customers could borrow from BlackRock by pledging cryptocurrencies as collateral. One person said that BlackRock will allow its clients, including public pension schemes, private equity funds and government wealth funds, to trade cryptocurrencies through the new Aladdin platform - Asset, Liability, Debt and Derivative Investment Network.
Russia's plans to regulate Bitcoin
Last week, the Russian government published a document describing guidelines for regulating cryptocurrencies in the country. Russia will follow the Ministry of Finance's proposal to regulate digital currencies instead of banning them, as the country's central bank has previously stated. The document describes i.a. the logic behind the decision and what the plans for the legislation could look like. As early as January 20 this year, Russia's central bank proposed a general ban on the extraction and use of cryptocurrencies, in which they expressed concern that the industry could pose risks to the country's financial stability. The Ministry of Finance opposed the proposal a few days later and warned that a ban on the extraction and trading of cryptocurrencies could completely lead to Russia's contribution to innovation being neglected in the technology industry.
Greetings,
Team Safello
›› Find more crypto market news here
The shorter downward trend we have seen since last week has been broken and in just over the past 24 hours, the market has risen again. Right now it remains to be seen if the price of bitcoin manages to pick up further and pass the support level at 46,000 USD. If this happens, we can assume that the price will continue to rise. Otherwise, it is likely to turn down again. Right now, the bitcoin price is just over 44,000 USD.The total market value of all cryptocurrencies is almost $ 2.08 trillion.
For the past 24 hours, the bitcoin price has been basically unchanged, while the ether price has risen by + 1.2%. The polkadot price has decreased by -0.1% and the polygon and link price have risen by + 2.1% and + 2.5% respectively. Of the total market value for all cryptocurrencies, just over 40% is allocated to bitcoin and 18% to ether. You can read about the course in SEK at bitcoin.se. Further deep diving in different segments and variables can be found here.
Year-end report
Earlier today, Safello released its fourth quarter report for the financial year 2021 and in connection with it, a presentation was broadcast live with Frank Schuil, CEO, and Johan Edin, CFO, as well as a subsequent Q&A. The report can be viewed on Safello's website and the live broadcast can be viewed on YouTube or LinkedIn.
The EU will present proposals for a digital central bank currency in 2023
The European Commission has announced that it plans to present a proposal for a new digital euro law (CBDC) next year. News site Politico reported that the bill will serve as the legal basis for the European Central Bank's ongoing technical work for a digital version of a euro banknote or coin. In e.g. The US Federal Reserve has already released the first results of its CBDC research and taken its first step towards issuing a CBDC. "If we do not meet this requirement, then others will," said Fabio Panetta, ECB Executive Director. The proposed bill will collaborate with the research carried out by the ECB. They expect to start working on a prototype by the end of 2023. Only then will eurozone legislators decide whether the introduction of a digital euro is worthwhile. If so, the digital euro could be launched in 2025.
Buy easily with Swish
The asset manager BlackRock will offer crypto trading
BlackRock, the world's largest asset manager, is preparing to offer a cryptocurrency trading service to its customers, according to three people working on the project. BlackRock manages over $ 10 trillion in assets and plans to enter the cryptocurrency area where they are also looking at their own credit facility. In other words, customers could borrow from BlackRock by pledging cryptocurrencies as collateral. One person said that BlackRock will allow its clients, including public pension schemes, private equity funds and government wealth funds, to trade cryptocurrencies through the new Aladdin platform - Asset, Liability, Debt and Derivative Investment Network.
Russia's plans to regulate Bitcoin
Last week, the Russian government published a document describing guidelines for regulating cryptocurrencies in the country. Russia will follow the Ministry of Finance's proposal to regulate digital currencies instead of banning them, as the country's central bank has previously stated. The document describes i.a. the logic behind the decision and what the plans for the legislation could look like. As early as January 20 this year, Russia's central bank proposed a general ban on the extraction and use of cryptocurrencies, in which they expressed concern that the industry could pose risks to the country's financial stability. The Ministry of Finance opposed the proposal a few days later and warned that a ban on the extraction and trading of cryptocurrencies could completely lead to Russia's contribution to innovation being neglected in the technology industry.
Greetings,
Team Safello
›› Read more news and learn more about Safello AB here.
More crypto market news
If you are interested in reading other market news you can check out our market news watch that lists the most recent and relevant news from various crypto related companies around the globe.›› Find more crypto market news here
