Once again, there is plenty of crypto news to report this week. While Cardano and Solana reported a new all-time high, the news continues to be mostly positive as well. Visa is getting into NFTs, while software company MicroStrategy is adding to its BTC holdings.
The week’s top crypto news at a glance
Bitcoin in El Salvador: plans are in full swing
Bitcoin will become legal tender in El Salvador on September 7, 2021. The Central American country is the first ever to take this step. While this news excited crypto fans at the time, President Nayib Bukele’s plan drew criticism from the opposition. The World Bank and the International Monetary Fund (IMF) are also critical of the project. Now things are moving forward in the Central American country. Read more.
Visa buys CryptoPunks: sales explode
NFTs continue to be in vogue. Visa is now getting into the business as well. Already companies like Coca-Cola and Shopify had entered the digital artwork field. So with the purchase of a CryptoPunk token, Visa is also getting started. Read more.
Regulation: Japan wants stricter crypto rules
Japan’s financial regulator is now considering introducing much stricter crypto rules. In doing so, the new regulation is intended to offer better protection to investors from Japan. Back in July, the FSA established its own section as well as a panel of financial experts to assist the government. The financial regulator intends to enforce the regulation by mid-2022. The recent case of the attack on the regulated Japanese crypto exchange Liquid Exchange shows the regulator that more regulation is still needed for security. You can find the full article here.
MicroStrategy continues to invest and now holds nearly 109,000 bitcoin
Michael Saylor is one of the biggest proponents of bitcoin. Now MicroStrategy has once again bought more Bitcoin (BTC). The company has increased its holdings by 3,907 BTC. Read more.
Cardano is listed on the Japanese exchange
Currently, Cardano is undoubtedly the coin of the moment. Most recently, the cryptocurrency’s price surged due to the date announcement of the Alonzo update. Now, Japanese cryptocurrency Bitpoint is the first exchange in the country to list the cryptocurrency. This means that 126 million residents of Japan can now invest in the cryptocurrency. Read more.
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