Crypto News


September 25, 2021
From China issuing another cryptocurrency crackdown to El Salvador doubling down on their crypto holdings purchases, last week was nothing short of eventful in the cryptoverse.

On Monday...

El Salvador President Bukele announced that the government had bought an additional 150 Bitcoins, as the cryptocurrency market took a plunge, spending another $6.7 million in the transaction.

Vitalik Buterin, Ethereum creator, was named one of TIME’s most influential people of 2021.

On Tuesday…

With five countries from Africa ranking in the top 20 of the Global Crypto Adoption Index, it has the most dynamic crypto market, received $105.6 billion worth of digital currencies over 12 months, recording 1,200% growth since June last year

SEC Chair Gensler reaffirmed the SEC’s intention to support crypto regulation in the U.S., but expressed his doubts about the “long-term viability for five or six thousand private forms of money”.

On Wednesday…

A new poll from Newsweek suggests that as many as 10.8 million Texans may support legislation that makes cryptocurrency legal in the next election.

Fast food giant Burger King announced the launch of the “Keep it Real Meals” NFT campaign with the NFT marketplace Sweet.

On Thursday…

Fed Chair Jerome Powell voiced the Fed’s view on issuing a US Central Bank Digital Currency stating:

“We think it is our obligation to do the work both on public policy and technology to form a basis for making an informed decision. The ultimate test we will apply when assessing a central bank digital currency and other digital innovations is there are clear and tangible benefits that outweigh any cost and risks.”

HSBC Group CEO, Noel Quinn recently authored an article titled “New forms of digital money could spur growth” highlighting the bank’s commitment towards supporting CBDCs.

On Friday…

China’s Central Bank issues another ban on virtual currencies, calling all digital currency activities illegal.

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