🔴 U.S. Won't Ban Crypto | This Week in Crypto – Oct 4, 2021
.. by a hamster These stories and more this week in crypto. Hi, Im Nate Martin from 99Bitcoins.com and heres whats happened this week in crypto., The Chairman of The US Federal Reserve, Jerome Powell, said that the United States has no intentions of banning cryptocurrencies, including Bitcoin.. He still asserted that some digital assets, stablecoins in particular, have to be regulated.. This fresh, more optimistic US approach had an immediate positive effect on the entire market. At the end of the week., TikTok has announced that it is launching a new collection of NFTs called TikTok Top Moments that is inspired by its own top creators. TikTok NFTs will provide a way for creators to be recognized and rewarded for their content. Fans can own A selection of six culturally significant TikTok videos from celebrities and creators. The leading payment processing company Visa announced that it is working on a new blockchain initiative called Universal Payment. Channel. The cross chain. Interoperability hub will connect different DLT networks. Described as a universal adapter among blockchains. It will allow central banks, businesses and consumers to seamlessly exchange value. No matter the form of the currency. Coinbase is unveiling a new feature that will allow customers to deposit their paychecks into their accounts. As cryptocurrency. US users can choose what portions of their checks should be converted to digital assets and all deposits can be made either in USD or in a digital currency of the customers choosing.. In its latest step in cracking down on crypto, China has blocked access to major cryptocurrency related websites, including CoinGecko CoinMarketCap and TradingView.
This week.. At the same time, Alibaba. The Chinese e commerce giant decided to forbid its merchants on the wholesale platform from selling cryptocurrency mining equipment. In response to last weeks, warning that China considers all cryptocurrency related transactions illegal. Following Chinas decision, several digital trading exchanges around the world are taking steps to shut out Chinese customers.. Huobi will end services for Chinese customers by the end of the year and Binance will not accept any additional customers with Chinese phone numbers.. Chinese crypto users are now flocking into decentralized exchanges like dYdX, where the daily trading volume has surpassed even Coinbase.. El Salvador is testing volcano power for bitcoin mining rigs.. President Nayib Bukele has released a video showing several digital currency mining rigs being installed in a factory which is stationed in a forest near a volcano.. The project aims to power, bitcoin mining processes using 100 percent. Renewable energy. – A hamster known as Mr. Goxx, has become a prominent crypto trader on Twitch.. Mr. Goxxs channel features the rodent running on an intention wheel, which eventually lands on a specific crypto.. He then runs through either a sell or a buy tunnel which prompts his owner to engage in trades of the selected asset., A huge thanks to Unstoppable Domains. For being our sponsor this week. Did you know that Unstoppable Domains is now fully integrated with Trustwallet Compatibility with Unstoppables NFT domains means Trustwallet. Users can now easily send and receive crypto without memorizing complex addresses as simple as sending emails.
Claim your own personalized NFT domain. With the link in the description, below. Thats whats happened this week in crypto, see you next week..