September is starting in the best way possible, with Bitcoin crossing $50,000 and coins going green everywhere 📈. Something tells us this will be a great month.
Quickly, let’s look at some of the biggest headlines over the past week.
We’re all hyped for Nigeria’s upcoming central bank digital currency (CBDC). On Monday, the Central Bank dropped some spoilers as it announced a partner on the project 🤝. The new partner is Bitt Inc. – a FinTech company based in Barbados. Earlier this year, Bitt Inc. helped the Eastern Caribbean Central Bank (ECBB) to launch its CBDC, called “DCash.” So, they’ve got some valuable experience.
Cardano (ADA) investors have been smiling to the bank for weeks now as the coin’s price has been going all the way up. On Thursday, ADA hit $3 for the first time as investors have continued to buy the coin 💪. The Cardano blockchain is expected to add smart contracts this month, making it even more useful. Who wants to guess how much ADA will jump by then?
Last week, the Texas state government officially passed two bills to increase crypto and blockchain adoption in the state 😀. Under the laws, banks with a state charter can now keep cryptocurrencies for their customers. So, if you’re looking to move to a crypto-friendly state in the U.S., you can now add Texas to the list of options.
On Friday, the Nigerian Securities and Exchange Commission (SEC) established a new FinTech division. The division will study crypto and blockchain, and its findings will help the SEC to regulate the crypto market better 🙏. We’re excited to see where this leads.
We recently got to see the countries with the highest crypto adoption rates. While names like Vietnam were ranked high, Australia is also doing some impressive numbers. A new survey revealed that 1 in 6 Australians now holds crypto 🥵. Bitcoin is unsurprisingly the most popular coin in Australia, followed by Ethereum, Dogecoin, and Bitcoin Cash.