Weekly Report (06 – 12 September 2021) | What Happened This Week in Crypto
This Report will provide you some important and quick news of cryptocurrencies that happened around the world.
1. Elon Musk’s Tweet Prompts 763 Nodes To Upgrade To Doge 1.14.4
Elon Musk’s two-week-old tweet assisted nearly 800 Doge nodes in upgrading to 1.14.4, but additional new nodes are required. The proprietor of the Dogecoin dev account “Doge Whisperer” reminded the community of the significance of the recent 1.14.4 Dogecoin upgrade, which was endorsed by Elon, the world’s leading innovator-entrepreneur, centibillioinare, and the most influential DOGE enthusiast…[continue reading]
2. Taiwan Police Apprehend 14 Suspects In $5.4 Million Crypto Scam
Taiwanese police detained 14 persons who were reportedly involved in a bitcoin investment fraud. Over the last year, this scam has duped over 100 people out of around NT$150 million (US$5.41 million). The Taipei Times, a Taiwanese news outlet, broke the story on Monday…[continue reading]
3. India Sees The Debut Of Blockchain-Based Platform For Property Ownership
The RealX blockchain technology enables Indian investors to purchase and sell “direct deeded co-ownership” in holiday properties. A fintech company based in Pune, India has introduced RealX, a blockchain-based registry system that enables Indian people to acquire fractional ownership in real estate. According to a report in The Economic Times, RealX has teamed with Tripvillas, a holiday home rental service, to integrate ownership of vacation properties based on usage and yield. Tripvillas will also be responsible for administering the basket of co-investment holiday properties…[continue reading]
4. Major Airlines Now Accepting Crypto Through The UATP
The Universal Air Travel Plan (UATP) is offering bitcoin payment alternatives to over 300 airline members and travel businesses. Air Canada, Air China, Delta, Frontier, Japan Airlines, Jetblue, Qantas, Southwest, and United are among the airlines that operate on the UATP network…[continue reading]
5. Brian Shroder Appoint As New President Of BInance.US
The Binance United States has picked a new president following the departure of its chief executive after only six months in office. Brian Shroder, a former executive at Ant Group and Uber, will lead strategy, US’s execution, fundraising, business, and corporate growth of Binance.us. he will also oversee the company’s legal, human resources, and product and technology departments, according to the corporation…[continue reading]
6. Bancoagricola Will Accept Bitcoin As Payment For Loans, Credit Cards, And Other Services
Banco Agricola is partnering with payments startup Flexa to offer a broad range of Bitcoin-related services in El Salvador. Bitcoin’s adoption in El Salvador has been rocky. Nonetheless, financial institutions are already taking steps to ensure compliance with the regulation. Bancoagrcola, the country’s largest financial institution, was one of the first banks to adopt Bitcoin-compatible technology solutions and is currently developing its infrastructure to offer Bitcoin services through cooperation with digital payments startup Flexa…[continue reading]
7. Bitmain To Supply 56K Miners To US Partners
Bitmain, situated in China and one of the world’s largest manufacturers of cryptocurrency mining rigs, has agreed to expand its operations in the United States with the help of two US partners — ISW Holdings and Bit5ive. ISW Holdings, a Nevada-based portfolio business with large crypto mining operations, announced Tuesday that it will host 56,000 Bitmain mining rigs and power them with 200 megawatts at the company’s “POD-CITY” facility in Georgia…[continue reading]
8. Hackers Create A Ponzi Bitcoin Scheme Via Russia’s Government Website
According to Izvestia’s local Russian news portal, an unknown group of hackers began promoting the Free Bitcoin Giveaway plan on the Ryazan administration’s website. Hackers had objected to the scheme’s offer of 0.025 BTC to anyone who installed the aforementioned program on their device. Additionally, the hackers added in the re-post that five lucky winners will be entered to win an additional $1,000. As of today, all messages, including the second post, have been removed…[continue reading]
9. Panama Will Recognize Bitcoin As A Form Of Payment
Panama has introduced a new measure that seeks to recognize bitcoin as a form of payment. Additionally, the bill will allow residents to use cryptocurrency. A Central American country is taking the same road, following El Salvador’s adoption of Bitcoin as legal cash. The goal is to empower inhabitants of the country to begin using cryptocurrencies such as Ether (ETH) and Bitcoin (BTC)…[continue reading]