From the prediction that Bitcoin could hit $ 63,000 in October, to Australia’s new crypto law, which is expected to go into effect in 2022. Here are some highlights from the crypto market.
Bitcoin (BTC) was keen to hold the $ 44,000 region on October 1 as the month’s close sparked a late bull run.
Data from Cointelegraph Markets Pro and TradingView show that BTC price first returned to the $ 44,000 mark on Thursday, then tested lower levels before rising higher.
While Bitcoin still failed to break the resistance at $ 45,000, it didn’t disappoint with its end-of-month performance, which roughly matches the predictions of the creator of the stock-to-flow pattern.
According to PlanB, Bitcoin plans to hit $ 63,000 in October to make up for the fourth quarter loss.
Next destinations: Oct> 63k, Nov> 98k, Dec> 135k🚀 pic.twitter.com/C45nfQkQSC
– PlanB (@ 100 trillion USD) October 1, 2021
The dealer Michaël van de Poppe also said: “September was terrible. But October, November and December will be great, ”he also urged people to buy the dip.
September was bad.
October is great.
November is great.
December is great.
Buy the damn dip. pic.twitter.com/Ze9nXFdztT
– Michaël van de Poppe (@CryptoMichNL) October 1, 2021
El Salvador started Bitcoin mining with a volcano.
Just days after announcing his plan to use thermal energy to mine Bitcoin from a volcano, the President of El Salvador said he mined BTC using this method.
On the afternoon of October 1, 2021 (Synthetic Team time), the President of El Salvador, Nayib Bukele, said he had started using the volcano’s thermal energy to mine Bitcoin. Accordingly, the Latin American country has mined 0.0059 BTC worth $ 260.
– Nayib Bukele (@nayibbukele) October 1, 2021
RippleX, the San Francisco-based subsidiary of Ripple, has publication Technical preview of the associated sidechains in the XRP ledger.
When specified At the Apex Dev Summit earlier this morning, Ripple CTO David Schwartz said the Ethereum Virtual Machine (EVM) chain will be one of the first uses of this new feature.
The federated sidechains make it possible to work on a wide variety of new applications that were previously not possible. According to Schwartz, the most interesting is the DeFi market.
Ripple’s CTO believes migrating smart contracts from Ethereum to the XRP ledger can lower the barrier to entry for DeFi developers.
An additional 1 billion XRP is released every month.
Another 1 billion XRP, valued at more than $ 948 million, was periodically released on October 1. The issue takes place via two transactions with 500,000,000 XRP each.
This is a routine programmed by Ripple to run automatically since 2017. These monthly recurring releases were originally scheduled for 55 months, which means the company would stop unblocking deposit in 2022.
Ripple regularly publishes 1 billion XRP | Source: Whale Alert
COTI, the blockchain platform that enables companies to build their own payment solutions, has expanded its product line. According to the announcement, the company has partnered with fintech firm Simplex to introduce Visa debit cards and bank accounts to customers.
COTI bank accounts and Visa debit cards are here! This exciting event is the result of intensive work with @SimplexCC
COTI’s debit card significantly increases the adoption of our network as merchants can now accept crypto as a payment option.https://t.co/k8Z37XAWK5
– COTI (@COTInetwork) September 29, 2021
The new services will make it easier for users to access the currency ecosystem and act as a bridge between the fiat money market and digital assets.
Customers can open a new bank account with IBAN and choose a COTI Visa debit card. With this card, customers can convert crypto to fiat for global spending, withdraw cash from ATMs in both the SWIFT and SEPA regions, and top up accounts with crypto assets.
follow Press release, IOHK, the company behind the third largest blockchain, Cardano, signs a partnership agreement with a new VC fund in Africa. The fund plans to invest $ 6 million in startups that want to build on the Cardano platform.
The VC Foundation will select innovative blockchain projects that want to develop their products on Cardano in order to publicize the DLT rollout across Africa and to enable the region’s legacy infrastructure to be on par with the existing infrastructure in western countries is.
Panther (ZKP) has cooperate with the NEAR protocol to develop data protection technologies in the NEAR ecosystem.
Panther has received a grant from NEAR to research the development of the open source security infrastructure (Rust libraries, APIs, and tools) required to integrate Panther with NEAR. This includes the provision of Panther security solutions on the NEAR EVM Aurora.
The Bank for International Settlements (BIS) continues to investigate the development of CBDCs and has released a new joint publication with seven central banks.
OK publication On September 30th, the BIS’s latest CBDC report looks at collaborative efforts to implement the CBDC with the Bank of Canada, Bank of England, Bank of Japan, European Central Bank, Bureau of US Federal Reserve, the Investigate Sveriges Riksbank and the Swiss National Bank.
The report provides a summary of the progress made since October 2020, outlining the general fundamentals and key features of CBDCs.
The BIS also published three detailed CBDC reports on CBDC system design and interoperability, user demand, adoption and financial stability.
Blockchain messages monster hunt
Blockchain Monster Hunt (BCMC) notification closed the first round of funding with $ 3.8 million.
This investment round was supported by Animoca Brands with strategic investments from HECO, Polygon, pNetwork, SkyVision, ChainBoost, GD10 Venture, Everse Capital, Polkastarter, MoonEdge, Morningstar Ventures, Delta Blockchain Fund, HyperEdge, Hyperion Alpha, Safe Launch, Ignition, Chainflow, Double Peak, DWeb3, ZBS Capital and others.
After crowdfunding by the Kusama Network’s Parachain Slot Auctions, the Board of Directors decided to open an 11th auction.
Accordingly, the 11th Parachain slot auction in Kusama will open on Wednesday, October 6th.
Motion 362 has accepted my advice to open an 11th Parachain auction immediately after the 10th auction ends next week. The 11th auction is scheduled to begin next Wednesday, October 6th, at 11:30 a.m. CEST.
– kusama (@kusamanetwork) October 1, 2021
The new Australian cryptocurrency law is expected to come into effect in 2022.
Senator Andrew Bragg said Australia had a plan to create crypto-related laws that could be enacted in 2022.
– Senator Andrew Bragg (@ajamesbragg) September 30, 2021
He supports plans to run the crypto sector on renewable energy as part of the government’s unsettled target of “zero” carbon emissions.
Speaking at Blockchain Australia’s NFT Fest on September 30th, Bragg announced that the Senate Committee will publish a report by the end of October containing regulatory recommendations that could be adopted over the next 12 months.
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