Crypto News Cast For September 9th 2021 ?

Crypto News Cast 📮 09-09-2021

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $2158 B
📊24h Mcap %: 80.05%
⚠️Bitcoin Dom: 41.00%
📌Active Coins: 6455
📍24h Vol %: -36.53%
💲24h Vol: $158 B

Crypto News Updates :

India’s Former Reserve Bank Official Encourages Crypto Adoption In The Country
El Salvador Becomes First Country To Adopt Bitcoin As Legal Currency
Novogratz Calls Bitcoin The Internet Of Value Transfer Despite Price Crash
Standard Chartered Says Ethereum Is On Track To $35,000 Price Mark
Germany Government Plans The Launch Of Tokenized Mutual Fund Shares
Many Nation States Will Follow El Salvador’s Lead, Says Cardano’s Creator
Snowden Encourages Other Nations To Adopt Bitcoin After El Salvador’s Historic Move
NFTs Global Interest Spikes By 426% In August 2021, Data Reveals
Solana (SOL) Overtakes XRP On The Cryptocurrency Ranking

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– India’s Former Reserve Bank Official Encourages Crypto Adoption In The Country

The former Deputy Governor of the Reserve Bank of India, Rama Subramaniam Gandhi talked on The Crypto Market Industry, saying cryptocurrencies should be seen as taxable assets or commodities. He shared this at the inaugural HODL ’21 virtual conference organized by the Blockchain and Crypto Assets Council of the Internet and Mobile Association of India on Sept. 7. He encourages the government to view cryptocurrency as a solution to economic problems. Read Full on cointelegraph.

– El Salvador Becomes First Country To Adopt Bitcoin As Legal Currency

El Salvador becomes the first country to adopt bitcoin legal currency as the bitcoin law comes into effect Today, September 7, 2021. This means that the citizens of El Salvador will now have legal rights option to use bitcoin instead of dollars. This a historic move as nobody knew that bitcoin will one day become a major asset adoption for individuals, institutions and countries, the largest cryptocurrency keeps getting more investor’s attention as it keep growing more and more. Read Full on Bitcoin Magazine.

– Novogratz Calls Bitcoin The Internet Of Value Transfer Despite Price Crash

Billionaire Bitcoin bull, Mike Novogratz highlighted that the recent bitcoin decline is to be expected and he said that more investors are happy to buy into the market mentioning the recent interest from institutions such as Visa buying Non-fungible tokens and Job postings from Amazon in search of crypto experts. He went further to describe Bitcoin as the internet of value transfer in what he calls Web 3.0. and not just a hedge against bad financial system. Read Full on cointelegraph.

– Standard Chartered Says Ethereum Is On Track To $35,000 Price Mark

Standard Chartered analysts shared a bullish outlook on the recent London hardfork that has brought Ethereum to limelight. Investors now consider the network utility as a financial market, with With 224,700 ETH burned to date and another 7,500,000 tokens locked in ETH 2.0 deposit contracts. The reports predicts Ethereum catching up with Bitcoin’s market capitalization, putting Ethereum at $26,000 to $35,000 price target once BTC crosses $175,000 mark. Read Full on Crypto Briefing.

– Germany Government Plans The Launch Of Tokenized Mutual Fund Shares

Germany’s Federal Ministry of Finance announces plans to develop Tokenized Mutual Fund Shares, with comments submission until Oct. 1, 2021 and allows investment funds to issue tokenized units on the blockchain. This is a good sign that blockchain and cryptocurrencies have gained the much attention in the richest European Union country with another benefit of reducing the obstacle to entry and cutting down the administrative costs. Read Full on U.Today

– Many Nation States Will Follow El Salvador’s Lead, Says Cardano’s Creator

IOG CEO Charles Hoskinson believes other nations will follow the path of El Salvador and legalize bitcoin adoption, and other countries should draft out their own financial strategy on how to grow its economy via adopting cryptocurrency investments. He said the market have survived through 12years and keeps growing and encouraged standing against crypto tribalism and encouraged more unity as the market is still early and more will be achieved in unity. Read Full on U.Today

– Snowden Encourages Other Nations To Adopt Bitcoin After El Salvador’s Historic Move

The infamous whistle-blower Edward Snowden shared his own view regarding Bitcoin as legal tender by El Salvador on a post by crypto journalist Aaron van Wirdum, saying other nations will become eager to adopt BTC as well before it comes late. Bitcoin adoption has grown from institutional to individuals, as many investors went into the largest cryptocurrency’s system. Edward Snowden noted he felt like buying bitcoin when lockdowns affected the global economy. Read Full on Bitcoin News.

– NFTs Global Interest Spikes By 426% In August 2021, Data Reveals

There has been a 426% massive increase in the Global interest in non-fungible tokens (NFTs) in August. Results from Blockchain Centre’s analysis of Google Trends reveals, these represent the search interest with the key word “how to buy NFT” was on the increase in August. NFT space grows due to its uniqueness of allowing business models and use cases to be expanded using these capabilities, where the ownership and uniqueness can be verified. Read Full on Finbold.

– Solana (SOL) Overtakes XRP On The Cryptocurrency Ranking

Few days ago, cryptocurrency market lost more than 11% of its total capitalization with major coins bleeding massively. Solana, however managed to keep growing with 86.9% valuation increase in 7days, maintaining a steady upwards trend above the $208 price level. This has made Solana’s token to overtake XRP in the cryptocurrency ranking and bossing the #6 spot on the list for the first time as XRP saw over 18% loss from $1.38 price level. Read Full on CryptoPotato.

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