As a seasoned researcher who has witnessed the evolution of the digital economy since its infancy, I can confidently say that this week’s crypto highlights are nothing short of extraordinary. The surge of Bitcoin past $65,000 is reminiscent of the early 2017 bull run, and it feels like déjà vu all over again – Yogi Berra would have loved this one!
In my current exploration this week, I’ve come across some fascinating developments in the crypto sphere. Visa, a name we all recognize, has launched a tokenization platform for banks – an exciting step towards mainstream adoption of digital assets. Unfortunately, Caroline Ellison was sentenced to two years in prison due to her involvement in the FTX collapse, serving as a stark reminder of the challenges and risks inherent in this dynamic industry. Lastly, Bitcoin reached an impressive milestone, soaring past the $65,000 mark – a testament to its enduring allure among investors. Let’s delve deeper into these developments and uncover their implications for the future of cryptocurrency.
Bitcoin
Thursday saw the BTC/USD pair make a higher high, breaking through the $65,000 resistance.
DeFi
2024 saw significant impacts from women occupying key positions such as venture capitalists, marketing leaders, strategists, and PR specialists within the blockchain industry.
Altcoins
BlockDAG recently declared a generous $1 million prize draw, where winners will have an opportunity to purchase cryptocurrency. This initiative follows the impressive success of their testnet launch and the presale surpassing a significant milestone of $77 million.
An individual who transformed a modest initial investment of $900 into an impressive $1 million by adopting a patient, long-term investment strategy for diamonds in their hands (a term referring to investors who hold onto assets regardless of short-term market fluctuations) is experiencing success as the value of Ethereum continues to climb during the waning days of the Decentralized Finance (DeFi) era.
Technology
Visa, a prominent figure in the world of payments, is venturing further into the realm of cryptocurrencies by introducing a platform specifically tailored for banks to explore and trial tokenized assets and smart contracts.
Web3
The Synesis Foundation, recognized for its innovative work on AI data pre-processing solutions for the Solana platform, has entered into a strategic partnership with AirMoney DEGN.
EOS has successfully updated its network to version 1.0 of Spring, bringing numerous improvements in performance and adding fresh features.
INX collaborates with Backed to debut tokenized versions of well-known stocks such as Apple [symbol AAPL], Tesla [bTSLA], Microsoft [bMSFT], Google [bGOOGL], and GameStop [bGME].
Regulation
The Securities and Exchange Commission (SEC) has given its approval for Bank of New York Mellon Corporation (BNY) to manage cryptocurrency assets, not just in the context of exchange-traded funds (ETFs).
As a crypto investor, I’ve just learned that Caroline Ellison, the ex-CEO of Alameda Research who played a significant role in the downfall of the crypto exchange FTX, has received a two-year prison sentence.
Mango Markets, a decentralized exchange built on Solana, is facing legal hurdles and is contemplating a $500,000 agreement to resolve issues with the U.S. Commodity Futures Trading Commission (CFTC).
2024 Presidential hopeful, Kamala Harris, aims to establish her stance as a pro-cryptocurrency contender. She plans to advocate for the advancement of Artificial Intelligence (AI) and digital assets, all while prioritizing consumer protection in this rapidly evolving field.
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2024-09-29 16:34