September’s month-end crypto & digital currency news
Cryptocurrency news items in September 2021 covered developments and implementations including: Twitter’s TipJar and bitcoin payments; Bhutan’s central bank digital currency; cross-border settlements with CBDCs; cryptocurrencies in developing countries; the rise of ransomware and its connection with crypto; digital art, non-fungible tokens and cryptocurrency; and many more.
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- Bitcoin in El Salvador: “Transactions in Bitcoin will be exempt from capital gains tax, and foreigners investing three Bitcoins in the country…will be granted residency.”
- Twitter may be adding Bitcoin as a payment option for its Tip Jar service
- e-news, latest issue: Twitter and crypto, VC in Japan, Shariah crowdfunding, YCom 2021 Demo Day…
- Download: Bloomberg Crypto Outlook, September 2021 Edition (pdf)
- Nigerian central bank partners Barbados fintech Bitt to develop eNaira digital currency using Bitt’s Digital Currency Mgmt System already used in 6 countries
- Banque de France and Swiss National Bank to ‘explore cross-border settlement with 2 wholesale CBDC and a French digital financial instrument on a DLT platform’
- e-news, latest issue: India’s digital loans, Project Dunbar cross-border CBDC trial, Korean app legislation, NFTs in the art world…
- A quick-reference list of jurisdictions where a retail central bank digital currency is being explored, as at August 31st 2021
- Bhutan’s central bank to pilot a central bank digital currency in partnership with Ripple
- Video: Arianna Simpson, general partner for Andreessen Horowitz’s $2.2BN crypto fund, talks with The Philippines’ Rappler about cryptocurrencies, NFTs, blockchain gaming and more
- Crypto and developing countries: “…Emerging markets are fertile ground for cryptocurrencies, often because their own [fiat currencies] are failing to do their job…”
- UK Post Office to give users ability to purchase cryptocurrency through its EasyID ID-verification service, using crypto vouchers from Swarm Market exchange
- Asia’s tech e-news, latest issue: SoftBank in Aichi, Korea’s cryptocurrency woes, online payments in Thailand, Philippines’ emerging women leaders…
- “The rise of bitcoin and other cryptocurrencies has enabled ransomware to become one of the most profitable business models in the cyber criminal’s arsenal…”
- “NFTs will also play a foundational role in the metaverse, giving people complete ownership of their characters, accrued in-game items and even virtual land…”
- A brief overview of the cryptocurrency projects at Wall Street’s 10 top banks, from Goldman Sachs to JPMorgan
- Wall Street and crypto: “JPMorgan analysts estimated that, by late last year, high-frequency traders were responsible for almost 80% of the bitcoin prices sent to exchanges…”
- Crypto and developing countries: “…Emerging markets are fertile ground for cryptocurrencies, often because their own [fiat currencies] are failing to do their job…”
- China’s Bitmain bitcoin mining giant inks deal with data center and power partners Bit5ive and ISW Holdings to house 56000 AntMiner units in US state of Georgia
- A brief overview of the cryptocurrency projects at Wall Street’s 10 top banks, from Goldman Sachs to JPMorgan
- Twitter adding new features including connecting third-party tipping services linking Bitcoin addresses, NFT authentication and content creator funding
- Cambodia’s central bank digital currency: “…more than 1.4 million Bakong transactions were recorded in the first half of 2021 alone, with a total value of around $500 million.”
- A brief intro to the 15 bank and fintech finalists selected for the Monetary Authority of Singapore’s Global CBDC Challenge
- China: Sanya, tourist destination in Hainan province, to hand out 28K e-CNY red envelopes worth $1.55M through lottery
- Podcast: ‘The Digital Art Craze – Everyone Is Jumping In’ from CoinDesk, looking at NFTs
- Download: Bloomberg Crypto Outlook, September 2021 Edition (pdf)
- NFTs and intellectual property: So, what rights do you actually get when you buy a non-fungible token?
- South Korea: Cryptocurrency traders brace for losses of more than $2.6BN as 2/3 of country’s crypto exchanges set to be wiped out in a regulatory overhaul
- Mastercard in the UK launches sweepstake for cardholders to win company’s first Non-Fungible Token, in partnership with football coach Mourinho
- India: Unocoin crypto startup adds app feature allowing users to top-up FASTag highway toll payment accounts using cryptocurrencies
- People’s Bank of China announces that virtual currencies “are not legal and should not and cannot be used as currency in the market”
- India: Report projects the country’s cryptocurrency tech industry will reach $241M in value by 2030, potentially creating over 800K employment opportunities
- The problem with decentralized finance: “…they don’t actually hold the customer’s money, unlike a broker…But it also allows a wave of innovation by people trying to launder money…”
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