Bitcoin continues to move forward. The coin gained more than 12 percent during the week and is now in the $ 18,000 range. And it’s not just about the US dollar like Bitcoin. In addition, the highest levels of full-time employment have been reached for the Russian ruble, the Colombian peso, the Brazilian real, the Turkish lira and the Sudanese pound. Its rally, now 375 percent above the point that gold investor Peter Schiff bid has called Bitcoin’s bottom, leaves analysts wondering how much higher it is.

The expert predicts Bitcoin will soon reach $ 22,000, citing HODL and funding rates, declining Bitcoin reserves and an increase in institutional savings. Investor Mike Novogratz expects $ 65,000 due to strong demand and limited supply. Citibank’s chief analyst, Thomas Fitzpatrick, looks taller than that. In a report targeting the bank’s corporate clients, he forecast $ 318,000 by December 2021.

Despite the current growth and positive trend of Bitcoin, everything is very quiet. Although the recent payment of the currency to $ 20,000 made headlines around the world, the press barely noticed the current price hike.

At least one bank in China has noted this. China Construction Bank chose the Fusang Digital Exchange to issue $ 3 billion in debt. The bonds will be denominated and exchanged for bitcoins. But that won’t happen, at least soon. Immediately after the announcement, Fusang said the release would be delayed until further notice “at the source‚Äôs request.”

In the United States, Jay Clayton, chairman of the US Securities and Exchange Commission, announced his resignation. Clayton told previous bitcoin investors that they could not rely on trading traditional exchanges without strict regulation.

However, the blockchain continues to find new uses. IBM is collaborating with German textile manufacturer Kaya & Kato to use blockchain to track supply chains in the fashion industry. Albany Airport in New York is using the blockchain to track hygiene, and BitPay is launching a new service to allow companies to make payments using cryptocurrencies. Cointelegraph Rarible is used to present one-time NFT-inspired illustrators.

But the blockchain has been avoiding voting systems for a while. MIT security experts say the use of blockchain pirated technology could increase the risk of hackers trying to tamper with the elections.

This is not all good news for journalists in the cryptocurrency space. Binance is suing Forbes and two of its journalists. The post claimed that Binance had a plan to avoid actions by US regulators. The company rejects the claim and requests damages and damages.

Source: CoinTelegraph