CryptoCompare data shows that the price of Bitcoin (BTC) is around 34$ 000 to retest its all-time high near 42000 USD has gone up, but the price does not appear to have exceeded 41000 USD and has since corrected to at 39000 USD to trade

Ether (ETH), the second largest cryptocurrency by market capitalization, started the week on Jan.$ 300 and rose steadily to a new all-time high above 1USD 700 before Bitcoin’s price correction weighed on the crypto market and ETH fell to 1$ 600

Cryptocurrency prices rose this week after Elon Musk, CEO of Tesla, announced that Bitcoin was on the verge of widespread adoption.During an extensive interview on the Clubhouse app, Musk said he thought BTC was “a good one.” Thing ”and added

“I’m a Bitcoin believer I’m late for the party, but a Bitcoin supporter is about to gain widespread acceptance among traditional finance people”

The Tesla CEO’s comments came about the same time as Visa CEO Al Kelly’s about the cryptocurrency during the company’s earnings call in the first quarter of 2021, calling BTC “digital gold” ”

During the call, Kelly said the payments giant is capable of making cryptocurrencies “safer, more useful, and more applicable,” and even adding them to the company’s payment network

The CEO added that cryptocurrencies like Bitcoin “are not being used in any appreciable way as payment at this point,” saying the company’s strategy is to work with wallets and exchanges to “allow users to purchase these currencies.” with their to enable Visa credentials or withdraw our Visa credentials to make a fiat purchase from one of the 70 million merchants that accept Visa worldwide ”

These endorsements came in the same week as the number of active addresses on the Bitcoin network hit a new all-time high of more than 223 million addresses, the previous record of 216 million in December 2017. It’s worth noting that, since everyone is free Can create a Bitcoin address, addresses cannot be used to measure the number of active Bitcoin users How many people use BTC on a daily basis is not known

# Bitcoin network activity at ATH In January, more than 22 million unique addresses were active on the network sending or receiving $ BTC – the highest monthly number in Bitcoin’s history HartChart: https: // tco / yPPOix0KFx BildTwittercom / yjWwYbRC98

With the rise in the price of cryptocurrency, Bitcoin Miner’s revenue surpassed $ 1 billion in January, although the number is impressive, but it didn’t hit the record of $ 1 in December 2017. The halving event of May 2020 halved the block rewards of 25 billion 125 BTC t 625 BTC per block, which significantly reduces the inflation of BTC

The growing network has consistently attracted investors, so PayPal’s CEO Dan Schulman stated: “The crypto volume traded on our platform has far exceeded our expectations.” The company is going “significantly” in its new crypto business, Blockchain and digital currencies are investing to “share this broader future”

PayPal has been letting users buy, sell and hold BTC, BCH, ETH and LTC through its platform since November 2020 During the call for profit, Schulman announced that users who bought cryptocurrencies through PayPal should check out before buying crypto at a rate that is twice as high as their login frequency

Investor and entrepreneur Dan Tapiero is launching a new $ 200 million fund to invest in cryptocurrency startups called 10T Holdings This is evident from a report to the US Securities and Exchange Commission

During an interview, Miami City Mayor Francis Suarez announced that the city is considering allowing employees to receive their salaries in BTC while allocating a portion of their treasury to cryptocurrency

These assignments are also made after Bitcoin Core employee and developer Andrew Chow uncovered an “unexploitable vulnerability” affecting older versions of the software that have now been fixed and are commonly affected by web browsers

The Central Bank of Nigeria has ordered deposit banks and other financial institutions to close down accounts that operate or operate cryptocurrency exchanges, stating that these operations are “prohibited” “

Failure to do so will reportedly result in “severe regulatory sanctions,” according to a circular sent to financial institutions late last week and later posted on the central bank’s website, the country’s Securities and Exchange Commission announced back in September Regulate trading in cryptocurrencies to protect investors and ensure transparency

India is also reportedly planning to introduce a law banning all private cryptocurrencies in the country during Parliament’s budget session

The proposed legislation would provide a framework for the creation of an official digital currency issued by the country’s central bank, the Reserve Bank of India, and allow specific exemptions to promote blockchain technology and its uses

The Reserve Bank of India is currently considering the need for a digital version of the country’s fiat currency

Francisco Memoria is a content creator at CryptoCompare who is in love with technology and focused on helping people see the value of digital currencies. His work has been featured in numerous prestigious trade publications. Francisco holds various cryptocurrencies but doesn’t have any Prejudice in his writing

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World News – GB – Bitcoin tests 40th$ 000 again as active addresses hit a new all-time high – CityAM