Sep 2021 Crypto Industry Updates

Table of Contents
  • [27 Sep]: users in Singapore are advised to cease all related trades, withdraw fiat assets and redeem tokens to avoid potential trading disputes
    • Deadline: Wednesday, 2021-10-26 04:00 AM UTC (12:00 PM UTC+8).
  • Twitter enables tipping using bitcoin.
    • Twitter allows users to send and receive Bitcoin “tips” via the Lightning Network, a protocol designed to make BTC payments faster and cheaper.
    • Lightning Network transactions fees are typically fractions of a cent, and also use much less energy than transactions on the main blockchain.
  • Ukraine Becomes Second Country to Legalise Bitcoin
  • [02 Sep]: Monetary Authority of Singapore (MAS) orders crypto exchange operator Binance to stop providing payment services to Singapore residents.
    • The regulator has placed on its investor alert list, warning consumers that Binance is not regulated or licensed to provide any payment services in Singapore.
  • MetaMask, a popular wallet option for DeFi, has seen its user count soar 1,800% this year.
    • It now has more than 10 million users.

Started investing in crypto towards the end of 2020.