It’s Sunday and so we can look back on a week with a lot of crypto news! Non-fungible tokens (NFT) were again frequently seen, and there were also some interesting developments in Bitcoin (BTC). In this article, you will find an overview of the most important newspublished on Crypto Insiders.
Visa joins the NFT craze
The NFT craze is in full swing and with it the new prices for these digital collectibles are skyrocketing. We see more and more often that big names either sell or buy NFTs. Earlier this week, the big payment giant Visa was in the news in this regard. This company has bought a CryptoPunk NFT.
This was CryptoPunk #7610, one of the 10,000 unique CryptoPunks (and one of 3,840 female ones). CryptoPunks are so-called non-fungible tokens (NFTs) in the Ethereum (ETH) network. Read more about this message in this Twitter post:
El Salvador prepares for a big Bitcoin move, Cuba is switching to Bitcoin
El Salvador made big headlines when it decided to accept Bitcoin as legal tender. On September 7, the law comes into force, and the country is preparing for this moment. Among other things, Bukele, the country’s president, announced that the government is currently setting up 200 Bitcoin ATMs, also known as “BATMs.” Bukele calls these BATMs the “Cajeros Chivo”. The President also made some other interesting statements.
Cuba also seems to be warming up to cryptocurrencies. The central bank and government of Cuba have announced that they want to recognize and regulate cryptocurrencies. This could be an important support for the country, as Cubans abroad can more easily send money into the country.
Big money continues to buy Bitcoin
Meanwhile, major investors continue to buy crypto currencies. MicroStrategy, for example, has invested another $177 million in Bitcoin:
This company has been buying Bitcoin regularly for a long time, so it’s no longer any particular news. Meanwhile, about 4% of the total Bitcoin stock is in the hands of companies and asset managers. Among other things, an investment in Immediate Advantage as a still very new technology is to be in the room.