Crypto Trends Weekly 28 Aug. – 3 Sept.

    06 Sep 2021
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    Breaking crypto news from the last week (28 Aug. – 3 Sept. 2021):

    28 Aug.: Deloitte, one of the Big Four, surveyed financial leaders as part of its 2021 Global Blockchain Survey, with the results suggesting a transition to digital assets is inevitable. Cybersecurity, regulation, and privacy are seen as the biggest obstacles to the global adoption of digital assets, according to a survey.

    29 Aug.: The People’s Bank of China once again asserted its crypto crackdown stance at a recent media briefing. The Central Bank stated that virtual currencies like Bitcoin can’t compete with legal tender in the nation. The bank officials argued that cryptocurrencies are not backed by any real value.

    30 Aug.: Stephen Stonberg, CEO of Bittrex Global, praised the efforts of the UAE authorities to poise a crypto-friendly positioning of the region. Helped by the region’s status as a tax haven, Dubai is poised to benefit from the growing cryptocurrency market in the Middle East, he said in an interview with Bloomberg.

    31 Aug.: The novel token Solana become a hot-token, hitting a new all-time high due to growing investor fervor around altcoins, which also supports the smart contracts necessary for booming decentralized finance (DeFi) applications and non-fungible tokens (NFTs).

    1 Sept.: Project PleasrDAO announced that a notable Doge NFT, sold in June 2021 for 1,696.9 Ether, a historic sale over $3.6 million at the moment of sale, will be fractionalized. Now, the NFT’s owner wants to share the ownership with others. But Pleasrdao’s idea is not alone amid the projects aiming to offer the crypto community shares of popular NFTs. Cryptopunk #543 has already being fractionalized and sold at $1 per share.

    2 Sept.: SFM Corporate Services, a Dubai-based corporate and trust service provider, has announced the acceptance of cryptocurrency as payment for business formation corporate services. The company enables secure and seamless business payments in leading cryptocurrencies for investors and entrepreneurs to establish a company online in a few minutes in 25 jurisdictions worldwide.

    3 Sept.: While DOGE’s price is hovering near the USD 0.30 level at the start of September after rising 35% last month, the Dogecoin team has released its latest update for all users. According to Billy Markus, co-founder of Dogecoin, it’s most useful for miners to download the update because they are the ones who “put transactions into the blocks they mine.”

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