Bitcoin prices dropped a further 5% after the announcement from the People’s Bank of China. Read more about the notice released by the PBOC and everything else that happened in the crypto industry last week.
Bitcoin
On Friday, China’s central bank issued a statement banning all crypto-related transactions, further reinforcing its tough stance on cryptocurrency. The “Notice on Further Preventing and Disposing of the Risks of Hype in Virtual Currency Transactions” outlines all the crypto services that are now illegal in China.
El Salvador’s President Nayib Bukkele announced on his Twitter that the government has purchased an additional 150 BTC, bringing up their reserve to a total of 700 BTC.
DeFi
A partnership between decentralized investment protocol Solrise and identity verification platform Civic has led to the creation of an on-chain decentralized exchange on Solana, providing permissioned access based on digital identity for institutional investors.
NewsCrypto, an all-in-one crypto suite platform, announced on September 23 that it will be working in collaboration with Polygon to build an interoperable bridge that connects Polygon blockchain to the Stellar ecosystem.
Business
FTX has announced that it is planning to shift its headquarters from Hong Kong to the Bahamas and has already initiated the process of moving.
Mutual funds management company, VanEck has decided to capitalize on the “Solana Summer” craze by seeking to offer Solana exchange-traded fund (ETF) in Germany.
Altcoins
Shiba Inu reached 900k Twitter followers and a 31.9% boost of over $870 million purchases after successfully obtaining a Coinbase listing.
After being held in jail for several weeks by US authorities in connection with a court case in South Africa, Riccardo Spagni, the former Monero lead maintainer, has been released.
Technology
Social networking platform Twitter has officially shared details of its new feature that would enable users to receive tips from other users through a number of payment options, including crypto.
Bhutan’s central bank, the Royal Monetary Authority (RMA), is piloting its central bank digital currency (CBDC) using Ripple’s CBDC Private Ledger to improve financial inclusion among citizens and boost cashless payments.
Regulation
The state of Kentucky has prohibited crypto lending company Celsius from offering accounts after deeming them risky to customers.
Pennsylvania Senator Pat Toomey has urged the US Securities and Exchange for more clarity on crypto while presenting the SEC chairman with a list of over two dozen questions regarding the regulation of cryptocurrencies.
NFT
After revealing that he was the person behind CozomoMedici, celebrity and NFT collector Snoop Dogg announced that he has partnered with The Sandbox to sell 1000 NFT passes for a private metaverse party.
Crypto Daily had the please of interviewing graphic novel legend Frank Miller on the verge of his upcoming NFT launch.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
