Week in review: September 24, 2021 – China cracking down on crypto

Written by Robby Ramos
on September 27, 2021

In this week’s newsletter:

  • China is cracking down on crypto-related business and stating it as illegal.
  • Fidelity Survey: 52% of institutional investors hold cryptocurrency
  • Snoop Dogg is hosting a private Ethereum metaverse party.

Read our weekly round up below.

Bitcoin, Ether Tumble As China Intensifies Crackdown On Crypto

BNN Bloomberg: September 24, 2021

China’s central bank said all cryptocurrency-related transactions are illegal, according to a Q&A statement on PBOC’s website. It’s an urgent task for China to root out crypto mining and the crackdown is important to meet carbon goals.

Fidelity Survey: 52% Of Institutional Investors Hold Bitcoin, Cryptocurrency

Bitcoin Magazine: September 17, 2021

Fidelity Digital Assets published the 2021 Institutional Investor Digital Assets Study that tracked institutional investor’s behavior in the face of the delicate situation traditional markets endured for the past year.

Bullish Sentiment Toward Crypto Assets Increases with 8 of 10 People Seeing Bitcoin Bounce Above $56,000

Business Insider: September 23, 2021

Crypto investors have grown more optimistic about the price outlook for bitcoin and other digital assets in the last quarter, even in the face of more regulatory scrutiny, a new survey from Voyager Digital shows.

Snoop Dogg Is Selling 1,000 NFT Passes for Private Ethereum Metaverse Party

Decrypt: September 23, 2021

Earlier this week, rapper and entertainer Snoop Dogg dropped a bombshell, revealing that he’s the man behind Cozomo de’ Medici, a crypto Twitter personality and serious NFT collector with an Ethereum wallet filled with collectibles valued above $17 million.

This Week in BTC: Prices Bounce Back

Tipranks: September 22, 2021

BTC prices are rebounding modestly after hitting six-week lows below $40,000. Meanwhile, El Salvador capitalized on the dip once again, adding another 150 BTC to the nation’s wallet.

‘We Just Bought The Dip’: El Salvador Expands Bitcoin Holdings

Market Watch: September 22, 2021

El Salvador President Nayib Bukele announced his country purchased $6.4 million worth of bitcoin after prices of the cryptocurrency fell in September.

How Decentralized Finance Works, and Why It’s Taking On Wall Street

CNBC: September 17, 2021

Decentralized finance is an emerging ecosystem of financial applications and protocols built on blockchain technology with programmable capabilities, such as ethereum and solana.

ALT 5 Sigma Names Todd Ruppert and Don Codling to Advisory Board

ALT 5 Sigma: September 15, 2021

ALT 5 Sigma Inc., a global fintech that provides next generation blockchain technologies for digital asset and trading platforms, announced today the appointment of Todd Ruppert and Don Codling to the firm’s advisory board.

ALT 5 Sigma Forms Agreement with Leading Wealth Manager in Latin America Expansion
Read the full press release here.

Robby Ramos

Robby Ramos

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