In this week’s newsletter:
- Bitcoin will become legal tender in El Salvador alongside the US Dollar for purchases, salaries, money transfers and more on September 7th.
- Can Ethereum overtake Bitcoin?
- Top women’s tennis star is crypto-curious!
Read our weekly round up below.
Bitcoin News: August 31, 2021
Bitcoin will become legal tender in El Salvador alongside the U.S. dollar in seven days. The Salvadoran government has released a video explaining what to expect when the Bitcoin Law enters into force. The video features the government’s fee-free crypto wallet, Chivo.
CoinTelegraph: August 31, 2021
Is BTC, crypto’s flagship, prepared to fend off Ethereum with its “incredible network value, rich community and pace of innovation?” DeFi is on a tear, NFTs are mushrooming, Ethereum (ETH) remains more scalable than Bitcoin (BTC) and it also offers more uses including smart contracts.
BNN Bloomberg: August 30, 2021
The growing rage around cryptocurrencies has captured the attention of the defending U.S. Open champion, who’s been exploring where she can invest in the space. Part of her interest was spurred by all the noise around Dogecoin, the digital token that became famous for being the first memecoin to start out as a joke.
Baystreet: August 30, 2021
Cryptocurrencies are becoming an election issue in and around Edmonton as a municipal election nears. Some municipal candidates are promising to make Edmonton a cryptocurrency-friendly city, and to go so far as to declare the city a municipality that embraces the digital currency.
Market Watch: September 2, 2021
Bitcoin BTCUSD, 2.28% rose above $50,000 Thursday for the first time since Aug. 23, ahead of the Sept. 7 deadline for the cryptocurrency to become El Salvador’s legal tender. At last check the cryptocurrency was trading at $49,970, up 5.2% during the past 24 hours, according to data provider Messari.
Business Insider: September 3, 2021
Sol rallied by as much as 24% to a high of $146.37 earlier in the day and was last up around 8% at $138.83. Its market value is now around $42 billion, according to Coinmarketcap, meaning it has knocked dogecoin at $38 billion into 8th place in terms of market capitalization.
Decrypt: September 3, 2021
Technical analysis is a key tool in the arsenal of many cryptocurrency traders, helping them to make sense of the market’s ebbs and flows. Whether trading or investing, cryptocurrencies come with huge risks as well as opportunities, due to their extreme volatility—so proceeding with caution is advised.
Institutional Investor: August 26, 2021
As an emergent and inherently volatile asset class, cryptocurrencies such as bitcoin, Ethereum and others might seem to defy predictive modeling and forecasting. But blockchain analysis of millions of global crypto transactions and asset-holding behaviors are revealing trends, potential indicators and other intel that investors can use to anticipate what’s coming next.