Crypto Trends Weekly 18 – 24 Sept.

    27 Sep 2021

    Breaking crypto news from the last week (18 – 24 Sept. 2021):

    18 Sept.: Holding North American Bitcoin miner equity is an opportunity for those looking for indirect Bitcoin exposure in the public markets, said the Deep Dive, Bitcoin Magazine’s premium markets newsletter. Because of average year-to-date returns for the top-four North American Bitcoin miners are up to 140% versus Bitcoin price returns of 49%.

    19 Sept.: Amid a cryptocurrencies price explosion in 2021, European Central Bank (ECB) president Christine Lagarde argued cryptocurrencies aren’t currencies, which should be treated as “highly speculative” and “suspicious.”

    20 Sept.: Investors unnerved by the financial strains of a Chinese real estate firm sent cryptocurrencies reeling on Monday, with Bitcoin and other coins tumbling by more than 10%. Although the ultra-scarce cryptocurrency is claimed to be a hedge against catastrophic economic events, there is no telling how the volatile asset could react when it does finally arrive.

    21 Sept.: Internet Computer blockchain developed by Dfinity Foundation is bringing smart-contract capabilities to the Bitcoin (BTC) network, potentially opening the door to new use cases for the world’s biggest cryptocurrency.

    22 Sept.: A forum of some of the largest U.S. and European banks, including JPMorgan Chase and Deutsche Bank, has urged modifications to the rules proposed by the world’s central banks and regulators for capital requirements on Bitcoin exposure.

    23 Sept.: The United Arab Emirates’ Securities and Commodities Authority (SCA) has signed an agreement with the Dubai World Trade Centre Authority (DWTCA) to support regulation of cryptocurrencies within DWTCA’s free zone.

    24 Sept.: China’s regulators banned all crypto transactions and vowed to root out mining of digital assets, hitting Bitcoin and other major coins and pressuring crypto and blockchain-related stocks.

    24 Sept.: Twitter users on Apple’s iOS will now be able to connect third-party tipping services to their profile on the social media site. That will include the ability to link both Bitcoin addresses and Lightning Network addresses. Twitter also announced that it will add non-fungible token (NFT) verification features to the platform.

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