Week in review: October 29, 2021 — ALT 5 Sigma launches Visa / Mastercard program
In this week’s newsletter:
✅ ALT 5 Sigma launches its North American Visa and Mastercard digital assets linked program.
✅ Ethereum, the second largest cryptocurrency, soared to an all-time high.
✅ MicroStrategy added nearly 9,000 BTC to its corporate balance sheet last quarter.
Read our weekly round up here.
Accesswire: October 25, 2021
The Visa and Mastercard programs enable banks and other institutions using ALT 5 Sigma’s trading platform to offer co-branded Visa and Mastercard credit cards to their registered end users which are linked to their digital assets’ accounts.
BNN Bloomberg: October 28, 2021
Ether, the second-largest cryptocurrency, soared to a record above US$4,400 Friday on bullish sentiment surrounding an upgrade to the Ethereum network and rival Bitcoin’s recent rally to a high of its own.
Decrypt: October 29, 2021
According to MicroStrategy’s Q3 financial results published on Thursday, the firm spent a total of $3.160 billion to purchase the Bitcoin it owns, with an average cost of approximately $27,713 per coin.
Tipranks: October 27, 2021
Following a hyper-bullish run, Bitcoin is facing a near-term pullback. At present, BTC has dropped below the $60,000 psychological level, suggesting a correction could persist for the coming days.
Cointelegraph: October 29, 2021
Filing to convert GBTC now is “perfect timing,” the company’s ETF head argues, but concerns remain over the overall strength of the industry. Speaking at a virtual event organized by MarketWatch on Oct. 27, Grayscale global head of ETFs David LaValle gave a nine-month timeline for approval by United States regulators.
Bitcoin News: October 28, 2021
The meme-based digital asset shiba inu has entered the top ten largest crypto assets by market capitalization, knocking dogecoin down a notch. In the last 30 days, the shiba inu token climbed 976% capturing a market cap of over $40 billion.
CNBC: October 26, 2021
Mastercard is preparing to announce that any of the thousands of banks and millions of merchants on its payments network can soon integrate crypto into their products, CNBC has learned.
CryptoSlate: October 28, 2021
A new survey by Finder dot com found several financial strategists peg a price target of $5,000 for Ethereum, more than 100% of its current value. According to the forecast, fintech panelists have opined that the prices of Ethereum will continue to soar as 80% of applications are built on the Ethereum blockchain.