From the statement that whales are increasingly buying Bitcoin instead of selling them to Cardano, heralds the announcement of 3 NFTs created with the new tool. Here are some highlights from the crypto market.
On-chain analyst Willy Woo said whales or units holding 1,000 BTC or more bought more bitcoin than sold during the recent correction.
The popular analyst suggested that Bitcoin’s recent downturn had little to do with whales selling their cryptocurrency.
Contrary to popular belief, the recent decline was not caused by whales selling their BTC stocks.
Supply distribution of Bitcoin updates.
Whales have recently been added. Minnows continue to pile up. 10-1000 BTC holders mostly flat.
Publicly held reserves decreased (mainly exchanges and ETFs decreased while companies increased). pic.twitter.com/IdJ4XcIHbV
– Willy Woo (@woonomic) September 12, 2021
Woo shared a chart showing that whale stocks have increased since Bitcoin rose below $ 30,000 in July, even after the sharp downturn on September 7th.
Woo added that whales aren’t the only group of investors amassing BTC. The on-chain analyst said that even wallets with less than 10 BTC, which Woo calls “minnows”, continue to grow over time.
48% of Brazilians support Bitcoin as their official currency.
According to a Valor Investe report, 48% of Brazilians support Bitcoin as their local currency (17% enthusiastically support, 31% support). In contrast, only 21% rejected this opinion (9% strongly opposed, 12% rejected). The remaining 30% are pretty indifferent to this question.
– Paulo Francisco Martins (@MartinsPF) September 10, 2021
The survey was conducted via the online research platform Toluna, which has also examined support for Bitcoin and cryptocurrencies in many other Central and South American countries, including Argentina, Chile, Colombia and Costa Rica, El Salvador, Venezuela and Mexico. Of all the regions mentioned above, Brazil has the highest percentage of people who advocate cryptocurrencies.
El Salvador will waive the Bitcoin tax for foreign investors.
According to government lawyers, foreign investors in El Salvador will be exempt from tax on their Bitcoin profits.
The government of El Salvador announced that foreign investors will be exempt from tax on profits made from Bitcoin. The government adviser announced on September 10th that this was a development to encourage and attract companies and investors to this country.
JUST IN – El Salvador exempts foreign investors from tax #Bitcoin Profits.
“Neither the capital increase nor the income has to be paid taxes.” pic.twitter.com/c8KV655eU8
– Bitcoin magazine (@BitcoinMagazine) September 13, 2021
Hammond, an expert on the Haskell programming language used in the Cardano (ADA) architecture, announced three NFTs built with a new engine.
According to Hammond, the first batch of NFTs on Cardano (ADA) was issued via the Plutus script token.
Just minted three NFTs with a Plutus script token factory #Cardano
– Kevin Hammond (@khstandrews) September 12, 2021
To view the newly minted tokens, Hammond shared a link to the appropriate address on Cardano (ADA).
According to the Cardanoscan browser, in addition to 4.13 ADA, the above address also contains 3 tokens named “Kevin”, “Charles” and “Tim”.
These tokens are minted on Cardano with the blocks 6236229, 6236236, 6236248, i.e. immediately after the activation of the smart contract function.
Charles Hoskinson won a $ 50,000 bet from Polymarket.
On Sunday, September 12th, the long-awaited Alonzo hard fork was started on Cardano and enabled smart contracts on this proof-of-stake (PoS) blockchain.
Input Output Global CEO and Founder of Cardano, Charles Hoskinson, announced that he has won a $ 50,000 bet from Polymarket, the forecasting market platform. The team is betting that Cardano will not release the smart contract feature before October 1st.
– Charles Hoskinson (@IOHK_Charles) September 13, 2021
Hoskinson reminded the Polymarket team that they will need to donate $ 50,000 to the charity he named once the smart contract feature goes live.
Hoskinson selected Magic Yarn, a small charity with an initiative to help children with cancer based in Palmer, Alaska. The project is currently planning to make wigs for children with hair loss caused by chemotherapy.
Amount of USDC circulate on Solana has grown to $ 2.5 billion in no time.
The Solana network has seen explosive growth this year. Data from the Solana browser shows that the current supply of USDC on the network has reached $ 2.5 billion.
1 / A long thread on USDC’s rapid growth on Solana and why it’s important to the future of payments, banking, and capital markets. First, USDC jumped from 1 billion to 2 billion in circulation on Solana in just one week. Impressive! pic.twitter.com/tmUKpotz
– Jeremy Allaire (@jerallaire) September 10, 2021
Commenting on the matter, Circle Co-Founder and Chief Executive Officer Jeremy Allaire said, “The amount of USDC in circulation on Solana has increased from 1 billion to 2 billion in just one week.”
Allaire also revealed that the effort to bring USDC to Solana is part of their goal to introduce “Multichain USDC, Multiple Key Chain Partnerships” and that they consider Solana a key player. and cost efficiency that this chain can bring to the USDC. “
Today Astar Network announced the release of Astar v2.0 with many exciting features.
Astar Network is a multi-chain dApp hub that supports the Ethereum Virtual Machine, WebAssembly and multiple Layer 1 blockchains.
Notice #A star v2.0: Multi-chain dApp hub
Astar Network is a multi-chain dApp hub that supports Ethereum Virtual Machine, WebAssembly and multiple Layer1 blockchains@AstarNetwork @Speckle #smart contracts #Multi-chain pic.twitter.com/drHOJhLJUz
– JimmyTudeski / takenode (@stakenode_dev) September 13, 2021
News pax dollars
Binance has Completely Renaming of Paxo Standard (PAX) to Pax Dollar (USDP) and also opened a Pax Dollar (USDP) deposit and withdrawal service for the Ethereum (ERC20) network.
USDP deposits and withdrawals for the Binance Smart Chain (BEP20) network will open at a later date and the exchange will not make any further announcements in this regard.
The USDP / BUSD trading pair applies the Zero Trading Fee Promotion as for PAX / BUSD.
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