Crypto News Cast For September 7th 2021 ?

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Crypto News Cast 📮 07-09-2021

Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today

24hours Cryptocurrency Market Cap:

📈MarketCap:          $2084 B
📊24h Mcap %:       -265.00%
⚠️Bitcoin Dom:        42.30%
📌Active Coins:       6454
📍24h Vol %:            79.50%
💲24h Vol:                $220 B

Crypto News Updates :

  • Mining Rigs Demand In Vietnam Triples As Bitcoin Settles Above $51,000
  • German Asset Manager With $437Billion Under Custody Adds Bitcoin Exposure Option
  • El Salvador Government To Sanction Businesses That Won’t Accept Bitcoin Transactions
  • Coinbase Integrates With Polygon’s Ethereum Scaling Solution To Lower High Prices
  • Ark Invest CEO Believes That Cryptocurrency Market Has A Bright Future
  • NBA Superstar Stephen Curry Set To Join The Crypto Space
  • Visa Set To Add Cryptocurrency Services to Traditional Banks In Brazil


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– Mining Rigs Demand In Vietnam Triples As Bitcoin Settles Above $51,000
Mining activities increases more and more as Bitcoin price hits new levels settling at above the $50,000 mark. This made the demand for mining rigs in Vietnam to increase as reported by Vnexpress. Quang Thuan, an operator of mining rigs shops reports also 3x increase in demand for mining equipment since the start of September. This means that investors are up to make profits from the May market crackdown. Read Full on Finbold.
– German Asset Manager With $437Billion Under Custody Adds Bitcoin Exposure Option
Frankfurt-based asset management company, Union Investment with 368.2 billion euros (roughly $437 billion) under management sets to add bitcoin to its other several funds as reported by the senior commodities portfolio manager, Daniel Bathe. Bathe also believes that many from the Europe will consider bitcoin as an hedge over inflation, also a new law permitted German institutional funds (Spezialfonds) to invest up to 20% of their portfolio into bitcoin. Read Full on U.Today
– El Salvador Government To Sanction Businesses That Won’t Accept Bitcoin Transactions
As El Salvador sets to become the first country to adopt bitcoin as legal currency from Sept 7, Javier Argueta, legal advisor to El Salvador’s President Nayib Bukele reveals that businesses who refused to adhere to using Bitcoin for transactions and use the national Chivo wallet will face sanctions under its country’s Consumer Protection Law. This was a complete U-turn statement made by Bukele on the use of bitcoin being voluntary. Read Full on U.Today
– Coinbase Integrates With Polygon’s Ethereum Scaling Solution To Lower High Prices
Coinbase teams up with Polygon’s team to improve its user experience through integrating Oxpolygon, Polygon’s proof of stake mechanism, as they’re focused on its Ethereum network scaling via integration with L2 and other scaling solutions. This integration already has the support of crypto exchanges and digital wallets including Huobi Wallet, Okex, and Binance Exchange Wallet, as this will help the coinbase user’s experience by reducing high prices and settlement times. Read Full on ZyCrypto.
– Ark Invest CEO Believes That Cryptocurrency Market Has A Bright Future
Cathie Wood, CEO of investment management firm Ark Invest spoke to Yahoo Finance, indicating that cryptocurrency markets is up for a run with Bitcoin embarking on a short-term rally, saying that bitcoin would overtake gold as the digital store of value. She added that cryptocurrency is a generational phenomenon and will evolve as technology evolves, this statement was in opposition of billionaire investor John Paulson’s criticism on bitcoin. Read Full on Finbold.
– NBA Superstar Stephen Curry Set To Join The Crypto Space
American basketball player Stephen Curry with yearly salary of $45.78 million seeks crypto exposure from members of the cryptocurrency community as he’s new in the industry. Youtuber Marques Brownlee advised curry to ignore all crypto Twitter advice as many people started pitching their favorite cryptocurrencies including MicroStrategy CEO Michael Saylor. It’s noted that Golden State Warriors are the first NBA team to launch a set of non-fungible tokens back in April. Read Full on U.Today
– Visa Set To Add Cryptocurrency Services to Traditional Banks In Brazil
Top Credit card Firm Visa plans to add cryptocurrency solutions into traditional banking platforms, Eduardo Abreu, Visa’s vice president of new business in Brazil noted that a develop applications (APIs) will unite traditional banks with cryptographic products, giving access to make investments in cryptocurrencies and ETFs. Visa also announced plans with Zro Bank, Alterbank, and Rippio to issue cryptocurrency cards that’ll allow users connect to these bank accounts. Read Full on Bitcoin News.
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