Cryptocurrency kaleidoscope of 2021 | Part 1 | BCH Academy

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Do you have monthly records during this year? Or do you have information about events that occur every month for a year?

There is a very special event or information that makes us shocked and say why did this happen? It is possible that the 2021 calendar will remind us of what to reflect on during 2021. This is an example of what happened during this year.


January 2021

I started this note from the Government of Indonesia which recognized crypto in January 2021 through Commodity Futures Trading Regulatory Agency Regulation No. 7 concerning the Establishment of a List of Crypto Assets that can be Traded in the Crypto Asset Physical Market. From the Commodity Futures Trading Regulatory Agency, since January 2021 Indonesia has set 229 types of cryptocurrencies that are recognized to be traded in Indonesia.

Another event is the market noting that in early 2021, there was a change in crypto assets that entered the top ten in terms of capitalization namely Litecoin (LTC), Chainlink (LINK), and Bitcoin Cash (BCH). From ETH's side, 2021 is the first step to start the development from ETH to ETH 2.0

Bitcoin Cash in particular, January was noted as the birthday of #Club1BCH, a club that supports the writer community on read.cash and makes social media buzz with articles about Bitcoin Cash. You have to admit that since #Club1BCH was born, this club is the most popular club and received appreciation from Marc De Mesel. Oh yeah, I forgot to mention that I've been active on read.cash since January 2021.

website: https://club1bch.org/

twitter: https://twitter.com/club1_bch


February 2021

This February, the event that made the crypto world buzz started with the My Neighbor Alice Game which has the potential for any user to buy and own a virtual island, collect and build interesting items, release a new event and the first NFT token sale. If I'm not mistaken, the President of #Club1BCH is the first author on read.cash to explain to us about Alice. In addition, Elon Musk who is the richest person in the world announced that Elon bought Bitcoin Core (BTC). The question from Elon Musk makes new crypto traders have higher trust in crypto. Also this month, many writers are publishing articles about Elon Musk.


March 2021

March of this year marked the beginning of the NFT revival, when digital artist Beeple received $69 Million from "Everydays: The First 5000 Day's" at an auction organized by Cristie's so that art from NFT became a solution for all artists to produce the best art and sell it. in NFT. my friends started making, buying and selling NFT since march 2021 till now. Meanwhile I still don't know how to make NFT and sell NFT.

And still about Elon Musk who started adding assets in crypto, and yes you are right, in March 2021 Elon Musk began to introduce a new asset, namely Dogecoin. And until now, Doge supporters are still fighting with the Shiba Army, especially on twitter and telegram. If I'm not mistaken, buyers can already use BTC to pay for Tesla cars in March 2021.


10 months ago

I forgot the time, @Jessquit listed his name in the top articles of the year for receiving $11,081.54 and $10000 coming from Marc De Mesel. This article caused an uproar and the author started fussing about upvotes, the criteria of the article, the quality of the article and the like.


April 2021

This April, Indonesian citizens made crowded with information about users or traders or crypto account owners reaching 5.6 million accounts as of April 2021. For global information, we know that the news we read says that Tesla, Paypal, Goldman Sachs, and JP Morgan adds to the list of names from voting for BTC and crypto. As a result of the excitement that emerged in the discussion of cryptocurrencies, three countries, namely India, China and the UK, created their own digital currency.

source:

https://www.jpmorgan.com/solutions/cib/news/digital-coin-payments

https://www.goldmansachs.com/insights/pages/crypto-a-new-asset-class-f/report.pdf


May 2021

Bitcoin Core miners in China had to leave the bamboo curtain country because of the ban on crypto mining. The news about the ban on mining BTC became the biggest news in the world which offset the news about Elon Musk supporting BTC. However, Central Banks such as Bank Indonesia, the Bank of England, and the IMF began to attack crypto by arguing that crypto has the highest risk in investment.


June 2021

Key events in June 2021 began when United States Deputy Attorney General Lisa Monaco said investigators from the United States Department of Justice had seized 63.7 BTC from the Colonial Pipeline transaction to gain access to a gas station on the east coast of the United States. Despite the negative information, the change in information turned positive when the President of El Salvador Nayib Bukele obtained congressional approval to adopt Bitcoin Core as a legal tender. For us to know, El Salvador created its own digital currency apart from adopting existing cryptocurrencies.


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Comments

It is good to know some governments are taking a reasonable approach towards crypto. While others choose to be left behind, like my government.

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2 years ago