By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
  • Home
    • About us
    • About Hinza Asif
  • News
    • Cryptopedia
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • Altcoin News
    • Latest Metaverse & NFT News
      • Metaverse & NFT Games
      • Virtual Land
    • Exchanges News
    • Policy & Regulation
    • Web Stories
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Videos
  • Events
Search
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit Press Release
  • Submit NFT Project
© 2022 NFTStudio24.com News Network. All Rights Reserved.
Reading: Crypto Roundup:
Share
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Search
  • Home
    • About us
    • About Hinza Asif
  • News
    • Cryptopedia
    • Latest Metaverse & NFT News
    • Exchanges News
    • Policy & Regulation
    • Web Stories
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Videos
  • Events
Have an existing account? Sign In
Follow US
  • About us
  • Advertise with us
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
  • Global
  • Japan
  • South Asia
  • Partners
  • Community
HOME > News > CRYPTOPEDIA > BITCOIN NEWS > Crypto Roundup:
BITCOIN NEWSNews

Crypto Roundup:

NFT Studio 24
Posted NFT Studio 24 September 29, 2021 673 Views 4 Min Read
Updated 2022/02/08 at 5:00 PM
Share
SHARE

Another week of wild volatility has hit the cryptoasset market, as China’s latest ban collides with accelerating adoption to catalyze big market swings.First, fears of the financial collapse of Chinese developer Evergrande sent crypto sliding last Monday, before the market turned around as Twitter added Bitcoin tipping. El Salvador’s President Bukele then bought the dip, only for the gains to be erased on Friday as Chinese authorities announced yet another crypto crackdown.

Contents
China ban fails to sink BitcoinTwitter accelerates crypto adoptionWeek ahead

When the dust settled, Bitcoin and Ethereum were both sitting slightly higher with 2% and 5% weekly gains respectively. DeFi tokens however, enjoyed even bigger wins in anticipation of more Chinese users being forced into the DeFi wilderness. Exchange protocol Uniswap has risen 23%, while up-and-coming platforms Tezos and Cardano are celebrating 25% and 8% gains.This Week’s Highlights

  • China ban fails to sink Bitcoin
  • Twitter accelerates crypto adoption
  • eToro launches DeFi Portfolio

China ban fails to sink Bitcoin

Digital asset traders were left with déjà vu on Friday as Chinese authorities announced yet another crypto crackdown.The Chinese central bank said in an announcement that all crypto-related activities are now illegal, including exchange services between cryptoassets, and between fiat currencies and cryptoassets.Bitcoin tumbled on the news, but soon recovered on a wave of optimism about the opportunity for adoption elsewhere. Weighing in on Twitter, U.S. Senator Pat Toomey said that “China’s authoritarian crackdown on crypto” represents “a big opportunity for the U.S.” to take part in what is “arguably the most exciting innovation in finance in decades.”

Twitter accelerates crypto adoption

Twitter has taken crypto another step closer to full-blown mainstream adoption by enabling Bitcoin tipping, and revealed plans to roll out an NFT authentication feature.Tipping, which is currently only available on iOS, uses Bitcoin Lightning Network to allow anyone to receive direct donations from profile visitors. NFT authentication on the other hand, is expected to allow users to connect their wallets to showcase their NFT collections.Alongside Reddit’s Moon Tokens on Ethereum, and Facebook’s ongoing Diem project, crypto now looks set to be a permanent feature of social media. This could lead more otherwise uninterested social media denizens to develop cravings for cryptoassets over the next few years.

Week ahead

As September draws to a close, analysts including Galaxy Digital’s Mike Novogratz are anticipating a bullish fourth quarter.In October, the biggest upcoming price catalyst could be the approval of a Bitcoin ETF. Bloomberg analyst Eric Balchunas gives this a 75% chance.On the bearish side, Washington now has crypto firmly in its regulatory crosshairs. Jake Chervinsky, crypto lawyer at Compound, expects enforcement activity from the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) in the next two weeks as the agencies seek to boost performance before the end of the fiscal year.

Sign Up For Daily NFT Drops

Don't miss the next NFT drops!!!
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share this Article
Facebook Twitter Whatsapp Whatsapp
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article theflokiinu FLOKI INU TO BEGIN MAJOR MARKETING PUSH IN THE MONTH OF OCTOBER
Next Article SwissOne Capital AG Makes Investing in the Top 50 Cryptocurrencies Easy with Smart Index Crypto Fund Tracker Certificate

Don’t miss the NFT Drops! Sign up Now

I have read and agree to the terms & conditions

Latest News

GameStop Dismisses CEO Matt Furlong And Promotes Ryan Cohen as Executive Chairman
GameStop Dismisses CEO Matt Furlong And Promotes Ryan Cohen as Executive Chairman
BLOCKCHAIN NEWS METAVERSE & NFT GAMES News June 8, 2023
Binance CEO Changpeng Zhao Served with US Court Summons as SEC Lawsuit Unfolds
Binance CEO Changpeng Zhao Served with US Court Summons as SEC Lawsuit Unfolds
CRYPTOPEDIA EXCHANGES News June 8, 2023
Cardano Counters SEC Claim by asserting ADAs Compliance with U.S. Laws
Cardano Counters SEC Claim by asserting ADA’s Compliance with U.S. Laws
ALTCOINS NEWS CRYPTOPEDIA News June 8, 2023
Join us
Ad imageAd image

You Might also Like

GameStop Dismisses CEO Matt Furlong And Promotes Ryan Cohen as Executive Chairman
BLOCKCHAIN NEWSMETAVERSE & NFT GAMESNews

GameStop Dismisses CEO Matt Furlong And Promotes Ryan Cohen as Executive Chairman

June 8, 2023
Binance CEO Changpeng Zhao Served with US Court Summons as SEC Lawsuit Unfolds
CRYPTOPEDIAEXCHANGESNews

Binance CEO Changpeng Zhao Served with US Court Summons as SEC Lawsuit Unfolds

June 8, 2023
Cardano Counters SEC Claim by asserting ADAs Compliance with U.S. Laws
ALTCOINS NEWSCRYPTOPEDIANews

Cardano Counters SEC Claim by asserting ADA’s Compliance with U.S. Laws

June 8, 2023
Circle Granted Digital Payment License in Singapore for Token Services
CRYPTOPEDIAEXCHANGESNews

Circle Granted Digital Payment License in Singapore for Token Services

June 8, 2023
//

NFTStudio24 delivers the latest NFT news to its global audience. We are committed to reporting mainstream and emerging talent via exclusive press releases, podcast interviews, NFT rankings, and much more.

GET IN TOUCH

  • About us
  • Advertise with us
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy

Experts Alliance

  • Experts Alliance
  • About Alliance
  • Alliance Benefits
  • Membership requirements
  • Apply Alliance
//

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Follow US

© 2022 NFTStudio24.com News Network. All Rights Reserved.

Removed from reading list

Undo
Join us metaverse Join us metaverse
Welcome Back!

Sign in to your account

Register Lost your password?