Bitcoin is gaining again and is at its highest since May this year.

The world's largest cryptocurrency, Bitcoin, was gaining in the past week. After starting below $ 48, BTC surged to over $ 000 on Thursday, and today recorded further gains at an early stage. The cryptocurrency currently costs around $ 54 and is at its highest since May this year, and most importantly, has returned to a range where it hit a record high of $ 000 on April 56.

In the meantime Ethereum had a more mixed week with significant volatility, but is still well above end-September levels. ETH started last week at around $ 3350 and its price hit $ 3665 on Friday. Amidst the overall uptrend last week, the cryptocurrency was held back by volatility - ETH fell on October 6 after starting the day above $ 3500, then dropped to $ 3362 and then rose back to over $ 3600. ETH also saw significant swings in the late evening on Sunday, but the cryptocurrency currently costs around $ 3500.

The White House is considering a cryptocurrency order

U.S. President Joe Biden and his team are considering publishing an executive order on cryptocurrencies that could have far-reaching consequences for the asset class. According Bloomberg, the injunction aims to coordinate the responsibilities of the various federal agencies for the treatment of cryptocurrencies, and to authorize those agencies to investigate and make recommendations regarding its regulation.

With Biden's financial regulators' increasingly aggressive stance on crypto-assets, any executive order will shed more light on the industry and try to control it. According to Bloomberg, a decree has yet to be decided, but its framework would bring together the work of agencies such as the Treasury Department, the Department of Commerce, the National Science Foundation, financial regulators, and security agencies. The administration also wants to appoint a cryptocurrency "tsar" to oversee activities under the president's mandate.

A bitcoin miner looks at the London Stock Exchange

Bitcoin mining company - Bitfury - is considering listing $ 1 billion on the London Stock Exchange. According to The Telegraph, the company intends to go public within the next 12 months, which would be the largest European crypto trading in history. Bitfury is based in the Netherlands, but its legal activities are registered in the United Kingdom. Documents show that the company is currently valued at approximately $ 1 billion for its final round of financing.

Founded in 2011 by Latvian entrepreneur Valery Vavilov, it mines bitcoin with operations in Canada, Norway, Iceland and Central Asia. The company also supplies miniature data centers encased in shipping containers to customers who wish to run their own mining operations.

Brazil will accept bitcoin as legal tender

Brazil may soon adopt bitcoin as legal tender, following in El Salvador's footsteps. South America's most populous nation developed a bill that is now passing through the House of Deputies (the UK's equivalent of the House of Commons) that would create a legal regulatory environment for cryptocurrencies. The federal deputy in charge of the bill, Aureo Ribeiro, says that with the bill he wants to create regulatory certainty for consumers, which would allow a transparent cryptocurrency basket transaction.

“We want to separate the wheat from the chaff, make laws that trade, know where you are buying and who you are dealing with. Thanks to these assets, it will be possible to buy a house, a car, go to McDonald's for a hamburger - it will be the national currency, just like in other countries. This will allow domestic transactions to be regulated by a government agency. We have already concluded an agreement with both the Central Bank and Brazil's Securities and Exchange Commission (CVM) regarding the possibility of cryptocurrency and, for example, its recognition, in terms of real estate value or currency of everyday use ”.