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THIS WEEK IN CRYPTO...

October 1, 2021
Another tumultuous week in the cryptoverse as global sentiment grows bullish amidst on-going crackdown by China on cryptocurrencies.

On Monday...

The billionaire investor and CEO of Galaxy Digital, Mike Novogratz, says the bitcoin market is in good shape with China having a dwindling influence over the crypto market.

The Spanish amusement and leisure park – PortAventura World – will be the first in its field to add bitcoin payments as an option for its clients.

Nayib Bukele, El Salvador’s President, has claimed that 2.1 million citizens are using the new government-backed Chivo cryptocurrency wallet, implying high levels of adoption of Bitcoin in the country.

On Tuesday…

As many as 62% of global institutional investors with zero exposure to cryptocurrencies like Bitcoin (BTC) said they expect to make their first investments in cryptocurrencies within the next year, according to a new survey by European investment manager Nickel Digital Asset Management.

According to Miami Mayor, Francis Suarez, Miami residents will soon be able to pay their taxes with Bitcoin.

According to new research from Chainalysis, Europe has emerged as the world’s most active cryptocurrency block, receiving over $1 trillion worth of digital assets over the past year.

On Wednesday…

El Salvador’s President, Nayib Bukele announced on Twitter that the country has begun the building of its formerly promised, volcanic geothermal Bitcoin mining facility.

The China-based e-commerce company Alibaba has banned sales of cryptocurrency miners on its website in an effort to ban most cryptocurrency transactions and access to crypto market sites.

Tesla CEO Elon Musk called Crypto undestroyable at the Code Conference in California stating: “It is not possible to destroy crypto, but it is possible for governments to slow down its advancement.”

On Thursday…

Financial services behemoth Visa announced its plans to build an interoperability hub for cross-chain crypto payments. The Universal Payment Channels (UPC) protocol will connect various blockchains and digital currency platforms, allowing users to exchange funds between them.

On Friday…

Prominent macro investor and asset allocator Dan Tapiero claimed $7,000,000,000,000 of Capital Is Coming to Bitcoin and Crypto.

Billionaire Orlando Bravo revealed he owns Bitcoin and claimed Bitcoin is here to stay.


For more information on these stories, visit:

https://news.bitcoin.com/billionaire-mike-novogratz-bitcoin-market-in-good-shape-china-less-influence-over-crypto

https://cryptopotato.com/adoption-spanish-portaventura-to-become-the-first-amusement-park-enabling-bitcoin-payments

https://www.newsbtc.com/news/bitcoin/2-1-million-salvadorans-actively-using-chivo-wallet-el-salvadors-president-claims/ 

https://cointelegraph.com/news/62-of-institutions-to-start-investing-in-crypto-within-a-year-survey

https://cryptopotato.com/miami-working-on-allowing-tax-payments-in-bitcoin-promised-mayor-suarez/

https://cointelegraph.com/news/europe-becomes-largest-crypto-economy-with-over-1t-in-transactions-chainalysis

https://coingape.com/el-salvador-building-of-the-most-awaited-volcanic-geothermal-bitcoin-mining-facility-begins

https://cryptobriefing.com/alibaba-has-banned-the-sale-of-crypto-miners/

https://coinnounce.com/tesla-ceo-elon-musk-says-crypto-is-impossible-to-destroy/

https://cryptobriefing.com/visa-is-building-a-hub-for-cross-chain-crypto-payments

https://dailyhodl.com/2021/09/30/7000000000000-of-capital-is-coming-to-bitcoin-and-crypto-says-macro-investor-dan-tapiero/

https://www.newsbtc.com/news/bitcoin/orlando-bravo-reveals-he-owns-bitcoin/ 

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THIS WEEK IN CRYPTO...

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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.