Crypto News September 29: Bitcoin has to go through a series of rallies and accumulations before a new ATH with the news Nervos, Cardano, zkLink, Nahmii, CBDC, Proxi. is determined

From the statement that Bitcoin will experience greater price accumulation before a new ATH is founded, to the approval of Switzerland’s first crypto fund by FINMA. Here are some highlights from the crypto market.


Bitcoin news

Chris Vermeulen, head of strategy at investment advisory firm TheTechnicalTraders, said Bitcoin and gold will see more price consolidation before a new ATH is placed on the chart.

He believes that Bitcoin, often referred to as “digital gold,” “will go through a series of rallies and accumulations in the coming months before reaching new highs”.

Bitcoin’s price action in 2017 (as it does now) followed a similar path. After hitting an ATH of $ 20,000 in 2017, it fell significantly.

Vermeulen predicts a possible decline into the $ 21,000-16,000 zone and then another significant rally that will drive the price toward the $ 90,000 zone.

BlackRock has long joined Bitcoin.

BlackRock, the world’s largest asset manager, held $ 10.8 million in CME bitcoin futures in August, according to a filing with the US Securities and Exchange Commission (SEC).

The financial giant made a profit of $ 360,457 on 54 long futures contracts that expired on August 27.

BlackRock first got into Bitcoin futures trading in early 2021. In late May, the company announced it had entered into 37 long contracts with a face value of $ 6.5 million.

El Salvador wants to mine Bitcoin with geothermal energy from volcanoes.

El Salvador’s President Nayib Bukele has posted a video proposing a project to harness the energy of the country’s volcanoes to mine Bitcoin.

Bukele’s video first shows aerial photographs of a geothermal power plant and later photographs of trucks before the arrival of the last mining drilling rigs.

The government of this country wants to use the huge amount of energy that the volcano produces to mine the largest cryptocurrency.

Nervous news

Nervos, China’s leading public blockchain, has cooperate with SundaeSwap Labs, the developer of the Cardano-based decentralized exchange SundaeSwap.

With this partnership, DEX will be able to leverage Nervos’ Force Bridge to provide additional liquidity. Cardano developer Input Output has teamed up with Nervos to create a cross-chain bridge connecting the two ecosystems and allowing assets to be seamlessly moved between them in June.

News Cardano

Cardano is preparing to collaborate with Paul Oakenfold, one of the most popular musicians in the dance genre.

Paul Oakenfold is also a famous British record producer and DJ. He has been nominated three times for a Grammy and twice for the World Music Awards.

It is reported that Cardano founder and Ethereum co-founder Charles Hoskinson is currently working with Oakenfield to put his new album on the Cardano Distributed Ledger network, which will include cover artwork, music and notes. The new album will be called Zombie Lobster.

News zkLink

zkLink, a decentralized cross-chain exchange on Layer-2, will provide its infrastructure in the test network. To celebrate this great success, the development team has launched a new NFT initiative.

Accordingly, zkLink will dump the amount of NFT worth $ 5,000,000 from the air. In this program, zkLink starts a meme competition. All zkLink-themed meme creators receive 5,000 bonus points, while the best participants receive 10,000 bonus points.

As a DEX pioneer on EVM-compatible chains, zkLink solves all major bottlenecks in the decentralized exchange based on Ethereum. First of all, it was set up to improve the UX / UI aspects of the DEX. The development team emphasized that many DEXs still have cumbersome UX, so the “entry barrier” for these types of services needs to be removed.


Ethereum’s Layer 2 scaling platform, Nahmii, became announced launched Solution Version 2 after completing an $ 8 million financing round led by DARMA Partners.

28 announcement announced the Nahmii 2.0 platform, saying it would be the first Ethereum Layer 2 scaling solution “with real commercial applicability”.

The first version of Nahmii only supports payments, but the second version is fully compatible with smart contracts and geared towards decentralized applications for institutional investors.

CBDC. news

The Central Bank of Nigeria has started Website for the Central Bank’s (CBDC) digital currency, eNaira, ahead of its official launch on October 1st.

According to the Central Bank of Nigeria, eNaira is both a medium of exchange and a store of value, the CBDC is used for bulk payments and remittances. Citizens can join immediately by downloading the bank account integration app.

News proxy

Video game designer Will Wright is use Blockchain technology with an NFT-focused experience for a new game called Proxi.

“Proxi” is Wright’s first game project since “Spore” 2008. It is a simulation game that is powered by artificial intelligence and takes the player on a journey of self-discovery.

NFTs in Proxi act like a receipt for a scarce digital item, they can also be tied to individual items that can be resold to other users.

Other news

Verifone has teamed up with BitPay so that merchants in the US can accept payments in cryptocurrency.

According to Fundera, there are only about 2,300 companies in the United States accept Pay in Bitcoin by the end of 2020.

To encourage this, Verifone, one of the largest point-of-sale providers in the world, cooperate with BitPay, which enables US merchants to accept payments in cryptocurrency.

Mike Pulli, CEO of Verifone, said merchants using Verifone’s e-commerce cloud services platform and in stores across the United States will be able to accept payments in electronic money by the end of the year.

Pulli added that Verifone has been looking for alternative payment methods lately and will now support crypto transactions due to growing customer interest in this market.

BeePool and Tiger Brokers announce the suspension of the service.

China’s tightened crypto ban continues to shock the industry as more and more crypto service providers shut down their services for users in the country.

BeePool and Tiger Brokers are among the latest to announce suspension of services.

China-based BeePool, the fourth largest Ethereum mining pool called on Tuesday that it has stopped registering new users and plans to shut down its servers connected to the miners on October 15th. The company appears to be closing in response to the latest regulation.

In the meantime, Tiger Brokers, China’s online stock trading platform, will gradually stop allowing mainland users to open new crypto-related positions, but they will still be able to close their original positions.

The first crypto fund approved in Switzerland.

The Swiss Financial Market Supervisory Authority (FINMA) has authorize The Cryptocurrency Market Index Fund is the “first crypto fund under Swiss law”.

The fund was launched by the Swiss asset manager Crypto Finance and managed by the investment company PvB Pernet von Ballmoos AG under the supervision of SEBA Bank AG.

FINMA determined that the newly approved fund only offers services to qualified investors who invest primarily in cryptocurrencies or digital assets “based on blockchain or distributed ledger technology”.

SEBA Bank receives the first license to store digital assets in Switzerland.

SEBA Bank AG, a fully regulated Switzerland-based organization that focuses on the offering of digital crypto assets, today received the CISA license approval from the Swiss Financial Market Authority (FINMA).

Notify This enables SEBA Bank AG to become a Swiss regulated bank and actually become one of the first digital asset focused banks in the world to be granted a custody license. This license will enable the institute to offer greater investment opportunities to professional clients in the emerging crypto market.

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