The adoption of El Salvador is the highlight of the month

The Bitcoin introduction in El Salvador, the failure of Solana and the small conversation of Coinbase with the US Sec are the most important highlights of the month

The status of Bitcoin in El Salvador is now officially

Bitcoin (BTC) has been around for more than a decade, but this is the first time that it has become a legal means of payment in a country. El Salvador's draft law at the beginning of the year to make Bitcoin a legal means of payment came into force this month and marked an enormous development for the world's first and largest cryptocurrency after market capitalization. The government has bought more than 700 bitcoins in the past few weeks to promote the introduction of cryptocurrency. It has also installed more than 200 Bitcoin money machines all over El Salvador. President Nayib Bukele has shown that he is a large fan of Bitcoin and takes steps that could pay off for the Central American country in the long term. The step of El Salvador has also encouraged some countries such as Panama and Ukraine to introduce laws that would make payments in cryptocurrency legal.

On the other hand, Turkish President Recep Tayyip Erdoğan BTC the war explains and other cryptocurrencies at the beginning of this month. He explained that Turkey did not intend to accept cryptocurrencies. He added that Turkey would never support cryptocurrencies because the country intends to advance with its own currency.

Coinbase sets his credit product due to the printing of the SEC

The Cryptocurrency Exchange Coinbase caught the attention of the US Securities and Exchange Commission (SEC) this month when the supervisory authority asked you to cancel your lend program, as this violates against securities laws. Coinbase said the regulatory authority did not provide any information about why it had to cancel the program. However, Coinbase would not be a usdc apy program anymore. Coinbase also painted the waiting list for the program. The SEC wants cryptocurrency exchanges to the regulatory authority after complaining that there is currently no Federal Supervisory Authority commissioned to monitor the activities of crypto bonds. These latest developments come at a time when Coinbase received a contract worth $ 1.36 million to deliver blockchain analysis software to the Ministry of Homeland of the United States.

The institutional acceptance of cryptocurrencies was strong this month

September was a good month for cryptocurrencies in relation to acceptance, although the prices did not recover to their earlier best value. AMC announced at the beginning of this month that Ether (Eth), Litecoin (LTC) and Bitcoin Cash (BCH) included the list of cryptocurrencies that would like to accept it by the end of the year. The company will start accepting BTC, ETH, LTC and BCH in almost 600 cinemas in the United States by the end of 2021. AMC also considered to include Dogecoin in the list and carried out a survey for this, with most voters adding their support.

Microstrategy, the company unit with the largest Bitcoin stocks, has taken up further bitcoins this month. Das Unternehmen 5.050 weitere Bitcoins gekauft für etwa 242,9 Millionen US-Dollar, was seinen Gesamtbestand auf 114.042 Bitcoins increased. Microstrategy has spent over $ 3 billion for bitcoins in recent years.

The payment giants Mastercard and Visa have expanded their presence in the crypto area in the past few months. At the beginning of this month, Mastercard acquired the blockchain analysis startup ciphertrace. Mastercard said the takeover would enable him to expand his offer in the crypto area.

Financial institutes also expand their cryptodic services

Financial institutes expand their services in the crypto room. At the beginning of this month, Vast Bank was the first chartered bank in the United States to offer its customers Bitcoin purchase and custody services. The bank said that the great demand for Bitcoin is the reason why it decided to offer these services. Vast Bank received the approval of the Office of the Compotroller of the Currency (OCC) and also spoke to the Federal Reserve about the matter.

Robinhood has confirmed that it will introduce cryptocurrency wallets by the next month. This would enable its users to send and receive Bitcoin and other supported cryptocurrencies from Wallets from third party. PayPal has also launched a super app that will serve as a one-stop solution for crypto and non-crypto investors. The payment giant said that the app will contain some exciting functions and services that support invoice payments, in-app shopping and early access to direct deposits.

Twitter starts his Bitcoin drinking money service for iOS users

The social media giant Twitter has finally started its tip service. The tip service enables its users to get bitcoins from each other via the Lightning Network. The payments would be handled by Strike. According to Twitter, users can add their BTC-Lightning Wallet or their Bitcoin address to receive and send BTC tips. However, the service is currently limited to iOS users, but Twitter said that he would soon be available on Android.