Week in review: October 29, 2021 – ALT 5 Sigma launches Visa / Mastercard program

Written by Robby Ramos
on November 1, 2021

In this week’s newsletter:

  • ALT 5 Sigma launches its North American Visa and Mastercard digital assets linked program.
  • Ethereum, the second largest cryptocurrency, soared to an all-time high.
  • MicroStrategy added nearly 9,000 BTC to its corporate balance sheet last quarter.

Read our weekly round up below.

ALT 5 Sigma Launches its North American Visa, and Mastercard Digital Assets Linked Programs

Accesswire: October 25, 2021

The Visa and Mastercard programs enable banks and other institutions using ALT 5 Sigma’s trading platform to offer co-branded Visa and Mastercard credit cards to their registered end users which are linked to their digital assets’ accounts.

Ether Rises To Record High As Use of Ethereum Blockchain Surges

BNN Bloomberg: October 28, 2021

Ether, the second-largest cryptocurrency, soared to a record above US$4,400 Friday on bullish sentiment surrounding an upgrade to the Ethereum network and rival Bitcoin’s recent rally to a high of its own.

MicroStrategy’s Bitcoin Coffers Swell to $7 Billion

Decrypt: October 29, 2021

According to MicroStrategy’s Q3 financial results published on Thursday, the firm spent a total of $3.160 billion to purchase the Bitcoin it owns, with an average cost of approximately $27,713 per coin.

This Week in Bitcoin: BTC Bucks Below $60,000

Tipranks: October 27, 2021

Following a hyper-bullish run, Bitcoin is facing a near-term pullback. At present, BTC has dropped below the $60,000 psychological level, suggesting a correction could persist for the coming days.

Biggest Bitcoin Fund In The World Could Become ETF By July As GBTC Nears $40B AUM

Cointelegraph: October 29, 2021

Filing to convert GBTC now is “perfect timing,” the company’s ETF head argues, but concerns remain over the overall strength of the industry. Speaking at a virtual event organized by MarketWatch on Oct. 27, Grayscale global head of ETFs David LaValle gave a nine-month timeline for approval by United States regulators.

Shiba Inu Soars Knocking Dogecoin Down a Notch — 20 Holders Own 75% of the SHIB Supply

Bitcoin News: October 28, 2021

The meme-based digital asset shiba inu has entered the top ten largest crypto assets by market capitalization, knocking dogecoin down a notch. In the last 30 days, the shiba inu token climbed 976% capturing a market cap of over $40 billion.

Mastercard Says Any Bank or Merchant on its Vast Network Can Soon Offer Crypto Services

CNBC: October 26, 2021

Mastercard is preparing to announce that any of the thousands of banks and millions of merchants on its payments network can soon integrate crypto into their products, CNBC has learned.

Why Crypto Strategists Predict Ethereum To Cross The $5000 Mark Before 2022

CryptoSlate: October 28, 2021

A new survey by Finder dot com found several financial strategists peg a price target of $5,000 for Ethereum, more than 100% of its current value. According to the forecast, fintech panelists have opined that the prices of Ethereum will continue to soar as 80% of applications are built on the Ethereum blockchain.

Robby Ramos

Robby Ramos

Director of Digital Marketing | Bridging the gap between digital assets and financial institutions.