STATUE HONORING THE MYSTERIOUS BITCOIN FOUNDER UNVEILED IN HUNGARY

September 24, 2021

TL:DR

Happy Friday, everyone! It’s time for our weekly newsletter. As always, we will be telling you about some of the news stories that made headlines this past week and giving you a sneak peek at some of the upcoming events that we think are worth your time.

If you like what we do then please don’t forget to forward this newsletter to your friends.

Here is the top crypto-news from the past week.

MARKETS

▲ Bitcoin

$44,159.79

+50.76%

▲ Ethereum

$3,069.53

+321.03%

▲ Cardano

$2.27

+1202.32%

▲ Solana

$145.06

+7771.83%

▲ Binance

$375.16

+888.66%

*Cryptocurrency data as of Thursday at 9:30 PM PST. YTD% Average

Weekly Review

Last week’s market perfomance

Looks like the bear market is here to stay. This week so far, Bitcoin crashed below $40,000 for a while until it finally made it out. Like other cryptocurrencies, mainly Solana and Cardano ADA, both of which reached their highest until they fell back. The hopes for the bear market coming to an end are quite low, but long-term investors are eying to buy more dips before the bear market recovers.

Technology

Robinhood all set to launch its new crypto wallet feature

Robinhood has promised its users that it will launch more features in its crypto wallet, one of the most famous investments and trading apps. The feature will allow users to send and receive cryptocurrencies to other external wallets. It’s a great opportunity for Robinhood to become Coinbase’s rival and develop a stronger crypto ecosystem.

TRIVIA

This tech mogul and revolutionary who passed away earlier this year, once said “The blockchain was probably the most revolutionary software technology that I had seen in my 50 years of doing computer science.” Hint: The “security” of Blockchain probably appealed to him 😉

A. Bill Gates B. John McAfee
C. Richard Branson D. Jeff Bezos

Answer Below.

Travel

travelers are using crypto to pay for their trips MORE thAn ever

As per a report published by travelnoire.com, travelers are more interested in using cryptocurrencies despite being a risky transaction option than traditional fiat. According to the report, some 22% of Americans are booking their travels through the help of cryptocurrencies. The news appears to be a great move towards crypto-adaptation in the coming years.

Politics

Thousands in El Salvador march against the adaptation of Bitcoin

El Salvador has been on the crypto-news for the past few months. Sometimes the news is welcoming while the other times, not so much. On Wednesday, thousands of Salvadorans protested the government’s Bitcoin adaptation plan, saying it’s a move that should be repelled, citing Bitcoin’s volatility, especially considering the ongoing bear market.

World Policy

Statue honoring the mysterious Bitcoin founder unveiled in Hungary

You might not have heard about Hungary in the crypto-news much, but it seems the locals are in love with Bitcoin. A bronze statue was revealed this week in Budapest, the capital of Hungry, featuring Satoshi Nakamoto, who is believed to be the founder of Bitcoin. According to locals, this is to pay homage to Bitcoin’s founder for his exceptional work in creating digital currency.

Coin Market Calendar

Date	Project	Website
09/27	Monsoon Finance	$MCASH
09/27	Orion Money	$ORION
09/27	Revault	$REVA
09/27	Divergence	$DIVER
09/28	Gro Protocol	$GRO
09/28	Aleph Zero	$AZERO
09/28	Brokoli Network	$BRKL
09/29	SoccerHub	$SCH
09/29	Rangers Protocol	$RPG

Connect to our shareable calendar here.

World Policy

Over 60 cryptocurrency exchanges in South Korea set to suspend services

According to the statement by the local Financial Intelligence Unit, all crypto exchanges are to register about their services with the Unit till 24th September. Those who fail to do so will get banned in the country, including those who fail to secure partnerships with the banks. The move is a part of series against the free flow of cryptocurrencies led by the Korean government.

NFT News

Sports NFT platforms collects nearly $1 billion in funding this week alone

Considering how young the NFT market is, Dapper Labs and Sorare, both of which are sports NFT platforms, have collected nearly $1 billion within a week, which tells you how serious the investors are about NFTs. The news is not quite welcoming; however, as the NFT marketplace has seen inside trading frauds, everyone is cautious about whether to invest in them or not.

Featured Project

BlockBank – the future of banking

This week’s featured project is Block Bank, a one-stop solution that helps combine the power of decentralized or DeFi technology in a simple and secure mobile & web application. The goal of Block Bank is to develop an AI-powered, traditional mobile banking experience through seamless crypto integration.

Last week Block Bank issued applications for their Beta app version. Users can apply here who wish to have early access to the Block Bank’s application. Block Bank also announced nearly 50 million tokens are staked as the community keeps on growing and expanding! It means 50% of the supply is locked up in the staking contract with $8.2m in total value.

TRIVIA ANSWER

B. John McAfee

John David McAfee was a British-American computer programmer, businessman, and two-time presidential candidate who unsuccessfully sought the Libertarian Party nomination for president of the United States in 2016 and 2020. In 1987, he wrote the first commercial anti-virus software, founding McAfee Associates to sell his creation. He resigned in 1994 and sold his remaining stake in the company.