Crypto News September 25th: The author of “Rich Dad, Poor Dad” knows the real reason of the latest China FUD and news Ethereum, FTX, Block0, Fantom, Wall Street Bets, Alchemix, NFT

From Commentary Robert Kiyosaki explains why China has passed another Bitcoin ban so that FTX will relocate operations to the Bahamas. Here are some highlights from the crypto market.


Bitcoin news

Renowned real estate investor and author of the book “Rich Dad, Poor Dad”, Robert Kiyosaki, covered the real reason China has put another ban on Bitcoin and all other cryptocurrencies.

That ban comes after China began controlling cryptocurrency miners earlier this year.

The Chinese government documents were issued in early September but were not released until Friday, he said.

The PBOC’s announcement sent the entire crypto market into the red, forcing Bitcoin to $ 41,000 and Ethereum below $ 3,000.

Kiyosaki suggested that the Chinese government work with the PBOC to clear the way for the implementation of CBDCs by declaring crypto transactions (covering all crypto-related businesses) illegal in the country. or digital yuan.

The US Federal Reserve has recently shown interest in CBDCs and has begun researching them. When the Fed introduces a digital dollar (“Fed Coin”), the US government becomes a fully centralized authority, as in China

Bitcoin and Ethereum will continue to accumulate.

In his most recent tweet, crypto hedge fund Galaxy Digital CEO and former Goldman Sachs asset manager Mike Novogratz stated that he believes that Bitcoin and Ethereum will pile up as they grow (and the entire crypto market) will be hit by someone else’s news Chinese crypto ban.

On Friday, the Central Bank of China (PBOC) released public documents declaring all cryptocurrency transactions in the country to be illegal. However, the possession of cryptocurrencies is still allowed. Later, several influencers of the crypto market made it clear that the document was still circulating internally within the PBOC and the Chinese government for the past 2 weeks but was not released until 9/24.

Ethereum news

Cryptocurrency analysis firm Santiment, to say Most speculators are leaving Ethereum (ETH) in search of better alternatives that offer higher returns.

The data giant in the blockchain industry says exchanges are seeing a sharp surge in ETH numbers, suggesting that people are selling their holdings in response to the recent market-wide decline.


The ETH supply on the stock exchanges has increased significantly | Source: Santiment

According to Coinecko, ETH fell from $ 3,000 to the $ 2,600 region before bouncing back to $ 3,102 at the current point in time.

Santiment says the network’s growth had stalled for several months before the ETH price collapsed.

The company analyzes that this behavior is due to developments in other Layer 1 projects such as Avalanche (AVAX), Fantom (FTM) and Cosmos (ATOM), as well as a speculative decline in the NFT market.

FTX messages

Exchange FTX is moving some of its core operations from its longstanding Hong Kong headquarters to the Bahamas.

FTX CEO Sam Bankman-Fried (Sam Curly) said the exchange is in the process of relocating its headquarters to the Bahamas following the recent regulatory turmoil in China.

Currently, FTX’s subsidiary, FTX Digital Markets, has applied for a license to operate in the Bahamas. Ryan Salame, former Head of OTC at Alameda Research, will take over FTX’s Bahamian office as CEO.

In the near future, Sam Curly will likely spend most of his time in his new Bahamas office, and he will be relocating the main FTX operations here for ease of administration.

Message block0

On September 21st, Block0, a leading blockchain development and consulting firm, announced that it was going to be a baker on Tezos. With the new position of the baker, Block0 now validates transactions (blocks) and adds them to the Tezos blockchain.

Block0 is one of the first companies in Wallonia dedicated to blockchain technology and has been in the market since 2017. The company has developed a number of industrial applications that meet the need for secure traceability and transparency in the supply chain.

Currently, Block0 is joining the Tezos network because of the widespread acceptance and interest of customers, as a large amount of data is to be processed with high speed, high security and low cost.

News from Fantom

DeFi coder and developer Andre Cronje has released a beta version of the new NFT marketplace on the Fantom network.

In post On the blog, Fantom announced the beta version of the new NFT marketplace called Artion on September 24th. According to the post, Artion has open source code, fast transaction speed, and low cost.

Cronje is the founder of the large DeFi organization Yearn Finance. In addition, DeFi Prime named him “DeFi Person of the Year” in 2020 for his contributions in the field.

News Wall Street betting

Reddit Community Moderator / r / WallStreetBets has decision Create a crypto-focused subreddit.

According to the announcement published on Wednesday, the new subreddit is called / r / WallStreetBetsCrypto and is operated by the same moderators in the same format.

While / r / WallStreetBets allows members to discuss most types of investments, discussions about cryptocurrencies are largely prohibited in the main subreddit. Moderator bawse1 stated that the discussion on cryptocurrencies has been under review since April but has not been implemented as concerns about crypto-related issues are rife across the forum.

News Alchemix

The Ethereum-based credit protocol Alchemix has integrated Chainlink Keeper into its ecosystem to enable a more seamless delivery of services on the DeFi platform.

By using Chainlink Keepers, Alchemix users have been able to borrow DeFi, make a profit, and repay the loan over time with their earnings without manual input.

The project’s development team has also funded the launch of a new Chainlink price feed for the native token ALCX and stablecoin alUSD to support their use as collateral across the DeFi ecosystem.

NFT news

NFT took the world by storm in 2021 and the three current projects in the NFT universe have generated billions in sales. The statistics show that the NFT Opensea Market, the NFT blockchain game Axie Infinity, and the Cryptopunks digital collectible series have totaled over $ 10 billion in sales.

So far, Opensea has achieved total sales of US $ 6.85 billion with 452,319 dealers data NFT Market Statistics. Opensea recorded a monthly growth of around 74.26% in the last 30 days.

The blockchain game that uses multiple tokens and NFT, Axie Infinity, topped the $ 2 billion mark in sales this week, hitting the $ 2.17 billion mark with 640,376 merchants. The game had NFT sales of $ 574 million, 33.79% less than the previous month.

Eventually, the NFT collection called Cryptopunks also reached $ 1.33 billion in sales. There are a total of 10,000 cryptopunks and according to Dune Analytics there are 2,980 unique owners (addresses) who own Cryptopunk NFT.

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