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Bitcoin jumped 30% this month | Israel today

2020-01-18T21:21:59.745Z

economy



Digital currency worth more than $ 9,000 • First: The Chicago Stock Exchange announces the option to buy options on the currency • CEO of Tesos Israel: "Approaching the Next Level in Digital Currency Evolution"

  • Illustration by AFP

For the first time in three months, the distributed digital currency, Bitcoin, is about to cross the $ 9,000 threshold, completing a 30% increase from the beginning of this month.

The surge in the digital currency rate is taking place against the backdrop of a series of moves leading to its expansion.

In recent days, the CME (the Stock Exchange and Futures Exchange) for the first time announced the possibility of acquiring options on Bitcoin as a direct extension of the currency futures it launched in 2018. Beyond that, a little history has happened this past week with the first NBA player contract offering as digital currency. Spencer Devindy, the Brooklyn Nets' point guard, has issued a digital currency backed by his contract with the league.

It's actually a bond issue, but with the endless power of blockchain-based digital currency. Dwindi linked the offering to the battle for the All-Star Game, which he is seeking to be selected, and opened a hatch for a new stage in sports fan engagement, and the introduction of mass funding for professional sports. However, the NBA management has announced that it will review Dwindy's unique contract so that the precedent move requires approval.

This step is also accompanied by another team in the league, Sacramento Kings, which has enabled payments in crypto. Eli Trajman, CEO of Tesos Israel, explains that the latest moves may signal the next stage in the evolution of digital currencies. "Bitcoin and other digital currencies are seen as legitimate, under-regulated activities, allowing the masses access to investments they never had," says Treg "From today to" Israel today. "" All of these create a backdrop for the phenomena we see, but this time on more solid ground, with a clearer understanding of the potential and the risks. "

Trajman is wary of developing expectations about Bitcoin's value in the near future, noting that "in the near and distant past we have seen big leaps and big falls. However, as blockchain platforms seem to be entering more traditional areas - bonds, stocks, banks, government offices and more. And the more innovation we see in the field, the more the mainstream of the economy goes, the more the use of the various currencies will gain momentum and volume, and the different currency rates will develop accordingly. "

In the meantime, Tesos World, which is a blockchain for asset transfer platform, announced the establishment of its innovation lab in Israel, which will train programmers, developers and entrepreneurs, and integrate blockchain technology for asset transfer.

Source: israelhayom

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