Paraguay’s Deputy of the Nation, Carlos Antonio Rejala Helman, has confirmed that new legislation in regards to Bitcoin will arrive in July. This comes amid growing adoption in Latin America led by El Salvador, which could be followed by Panama as well.
With Bitcoin (BTC) mining concentrations increasing in North America, Miami Mayor Francis Suarez wants to make his city a crypto mining hotspot. Mayor Suarez told CNBC on Thursday that he has invited global mining firms to explore setting up data centers in the area. According to Suarez, Miami's abundant nuclear electricity supply could entice Bitcoin miners wanting to switch to clean energy sources for their operations, particularly given the current focus on crypto mining's alleged carbon impact.
In other news, according to a recent press release, BBVA, Spain's second biggest bank, is now offering its first cryptocurrency trading and custody service to all of its private customers in Switzerland. The bank will start with Bitcoin trading and custodial services, possibly expanding the list of digital assets in the future.
Technically, Bitcoin is still moving in the range created by the resistance and support areas. In the short term any move up or down is 50%-50% in our opinion. Once the price reaches a certain area of S/R then we must study the structure and decide if it’s going to break the range or continue to trade in it.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
With Bitcoin (BTC) mining concentrations increasing in North America, Miami Mayor Francis Suarez wants to make his city a crypto mining hotspot. Mayor Suarez told CNBC on Thursday that he has invited global mining firms to explore setting up data centers in the area. According to Suarez, Miami's abundant nuclear electricity supply could entice Bitcoin miners wanting to switch to clean energy sources for their operations, particularly given the current focus on crypto mining's alleged carbon impact.
In other news, according to a recent press release, BBVA, Spain's second biggest bank, is now offering its first cryptocurrency trading and custody service to all of its private customers in Switzerland. The bank will start with Bitcoin trading and custodial services, possibly expanding the list of digital assets in the future.
Technically, Bitcoin is still moving in the range created by the resistance and support areas. In the short term any move up or down is 50%-50% in our opinion. Once the price reaches a certain area of S/R then we must study the structure and decide if it’s going to break the range or continue to trade in it.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
