Bitcoin’s (BTCMichael Saylor’s Strategy has accumulated over 7,000 BTC despite the fact that Bitcoin’s price fell in September.
Over $240 Million was invested in Bitcoin Exchange-Traded Funds (ETFs). BlackRock is one firm that has generated over $260 millions in revenue in just the past two year from its ETF offering.
Progress on crypto-laws has slowed in the US; most legislatures are either out of session, or recess. Five states have made progress on crypto legislation this month. Wisconsin has also introduced a law regarding data centers, Bitcoin mining, and other issues.
Stablecoins are still growing. In the past month alone, the total stablecoin capitalization has surpassed 295 billion dollars.
This is September in numbers.
7 378 BTC stacked in a strategy stack worth $837 M
Strategy, the software company-turned-Bitcoin investment vehicle headed by Michael Saylor, purchased over 7,378 BTC worth $837.5 million at an average price of $113,520 per Bitcoin this month. Strategy now has 80 Bitcoins purchased, according to Strategy data.
Strategy’s $1 billion Bitcoin haul in one month might seem like an impressive amount, but it is actually a sign of slowdown. In August, Strategy reported a decrease in revenue. bought 7,714 BTCThe number of people in July was significantly lower than today’s 31,466 BTC.
Saylor stated that Bitcoin was in an increasing stage and, price action It may seem a little bit iffy “boring.” He said that institutions will enter the market when prices are less volatile. This could cause markets to appear a little bearish, before they continue their gains.
Stablecoins cross $295 billion
After several months of consistent growth, the total value of stablecoins reached $290 billion by September. Stablecoins increased by almost $5 billion during the week ended September 26.
Certain jurisdictions provide clarity on stablecoins. The Commodity Futures Trading Commission in the US is exploring tokenized assetsAs collateral, derivative markets can accept stablecoins. The Securities and Investments Commission of Australia has introduced a licensing exemption Intermediaries who distribute stablecoins.
Stablecoins can be issued in other jurisdictions, but they are not as liberal. Senior Bank of Italy officials recently said that stablecoins issued by multiple entities The financial system of the European Union can be at risk if there are different risks in various countries.
There are now 241,700 Crypto Millionaires on the loose
According to the Crypto Wealth Report from wealth and citizenship advisory firm Henley & Partners, this number is now at a record 241,700. According to the Crypto Wealth Report from wealth and citizenship advisory firm Henley & Partners, this represents a 40% year-on-year growth.
Crypto centimillionaires — i.e., millionaires worth over $100 million — rose 38% to 450, while the number of crypto billionaires rose 29% to 36.
Related: 3 people who unexpectedly became crypto millionaires… and one who didn’t
The increase of crypto-rich individuals is a result, according to the consultancy firm. “watershed year for institutional adoption.”
BTC ETFs saw $241 Million in flows in September.
Bitcoin ETFs saw $241 millions in new inflows during September. Ether (ETHThe ‘net outflows’ were $73million. The total amount of crypto-net inflows now stands at $167.8 Million, as per data CoinMarketCap.
Some crypto ETFs have been a great success for their issuers. BlackRock’s crypto ETFs are among the most popular. brought the company some $260 million in revenue This is a total of $218 million from Bitcoin ETFs and $42 millions from Ether. In addition, Ether ETFs contributed $42 and Bitcoin ETFs $218 millions.
Five US States move forward with crypto bills
As the crypto industry gains traction in the US each state is regulating the sector. In September, crypto bills were introduced in Wisconsin and five other states.
Wisconsin State Assembly members, which is the lower house in Wisconsin’s state legislature, presented a proposal on September 2 that exempts data centers, except when they are used to store cryptocurrency, from paying sales tax.
This bill is completely payable sponsored Republicans would change a July law Support data centers development in rural states. Critics and other observers are already concerned about the water and electricity requirements. planned Wisconsin data centres
Seven EU Member States oppose Chat Control
Seven EU member states now oppose the proposed Chat Control legislation. The number of EU member states who support the proposed law has increased to down from 15 Starting at the first of the month, you can expect to see 12. According to Fight Chat Control which tracks support for this measure.
Chat Control will effectively neutralize encrypted messaging within the European Union by requiring that services such as WhatsApp, Signal, and other similar ones screen all messages prior to sending. The EU Council considered the legislation several years ago but failed to give it the needed support. Denmark brought the legislation back to the EU Council in July, when it assumed its six-month presidency.
Magazine: ‘Help! My robot vac is stealing my Bitcoin’: When smart devices attack
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Source: cointelegraph.com
