A roundup of the week's cryptocurrency news!
✅ The Bank of Finland Supports Transition to Digital Euro
The Bank of Finland (BOF) is coordinating the creation and launch of an instant payment system that complies with European standards, as stated by BOF board member Tuomas Välimäki. Välimäki outlined the main objectives of introducing the digital euro, which are related to the European Commission's task of ensuring the reliability and efficiency of payment systems in the digital world as cash usage decreases.
✅ Elon Musk Considers Closing X in Europe
Business Insider reported, citing its own source, that Elon Musk is "disappointed" with the need to comply with the Digital Services Act (DSA) in Europe. In August 2023, the European Union adopted a law that, among other things, sets rules to prevent the spread of harmful content. It also introduces restrictions or bans on certain methods of targeted advertising, as well as new regulations regarding the exchange of certain internal data with regulatory authorities.
✅ On October 24th, Bitcoin's Price Rose to $35,000
The price began to rise on October 23 when Bitcoin reached the $31,000 mark. Later, during the night, it continued to increase, reaching $35,000.
✅ Thai Crypto Investors Combine Astrology and Technical Analysis
According to a Reddit report, Thai crypto investors regularly consult astrologers and fortune-tellers. They believe that Tarot cards and other "future prediction" methods can help them choose the right trading strategy.
It was revealed that one astrologer, operating under the pseudonym Pimfah, has a Facebook group with 160,000 members. Its participants frequently send messages seeking explanations of the Tarot card meanings in the context of the cryptocurrency market.
According to a Pew Research report, over 80% of Thais believe in magic and astrology, so they regularly turn to so-called seers to make decisions about buying or selling cryptocurrencies.
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