Crypto News Recap: Bitcoin Rising Steadily As Bulls Eye $12,000

Crypto News Recap: Bitcoin Rising Steadily As Bulls Eye $12,000

With each passing week, things continue to look more optimistic for the blockchain and cryptocurrency ecosystem.

Last week for example was quite positive for the crypto world as Germany is ready to embrace blockchain technology for the first time in the energy sector.

Bitcoin price remained above the $11,250 support level. Analysts say that the flagship cryptocurrency is ready to escape from this range to rally to $12,000.

Like always, most major altcoins followed bitcoin in outperforming this past week and gaining more and more.

Without further ado, let’s take a look at the major highlights of last week in the amazing world of crypto.

Germany to decentralize their energy economy Using blockchain

Germany’s federal energy agency, Deutsche Energie-Agentur (DENA) announced the country’s intention to decentralize the energy sector registry using blockchain technology.

According to a blog post by Energy Web, DENA partnered with over 20 crypto and blockchain entities to enable ‘energy assets in Germany, such as thermostats, solar PV systems, batteries, and electric vehicle charging stations to undertake automatic registration with a decentralized ledger of identities, allowing their utilization by the German grid for a range of services such as virtual power plants and frequency regulation’.

The project also hopes to control CO2 emissions by creating a CO2 mapping tool that is able to determine what are the next climate policies to be enforced based on a transparent database. The report adds: ‘The ideal case would be a city equipped with sensors that record current environmental values and CO 2 emissions. Such a city does not yet exist in Germany. With the already existing possibilities of digitization, however, it is possible to approach this ideal’.

Facebook’s Libra Hires former HSBC Veteran as CFO

Facebook’s Libra Association, an independent member organization developing a blockchain-based payment system supporting financial inclusion and responsible financial services innovation, announced the appointment of Ian Jenkins as Chief Financial Officer and Chief Risk Officer.

Before joining, Jenkins worked as Deputy Group Finance Director and CFO for Europe at HSBC, CRO at Abbey National, plc, and Santander UK. As well as COO Asia Pacific at Credit Suisse, according to the announcement.

Trezor Announced New More Secure Wallet For Desktop

Crypto wallet provider Trezor announced the launch of a new desktop wallet.

We are proud to introduce Trezor Suite public beta, an all-new desktop app for Trezor hardware wallets.

Expanding on each of our key pillars of security, usability, and privacy, the Suite ecosystem will be growing quickly.

According to the website, the new Trezor Suite is a ‘new workspace where you can manage your hardware wallet and portfolio at once, with greater privacy and completely secured by your Trezor device’.

Trezor says that the desktop app would be in public beta until January.

Ripple Launches New Credit Service For Cross-Border Payments

Ripple, a real-time gross settlement system, currency exchange, and remittance network, launched a new beta service, Line of Credit. This new service designed to enable customers to benefit from its On-Demand Liquidity (ODL) service to source capital on-demand, and initiate cross-border payments with the use of the XRP token.

According to the statement, ‘Line of Credit aims to solve the barriers for customers by providing upfront access to capital for every market through one simple credit arrangement – simplifying access to financial solutions that accelerate business performance and scale’.

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