Express Crypto News: 60-Second Recap, September 18th 2023

Last week in crypto, Bitcoin price stayed stable above $26k as US CPI numbers for August were higher than expected.

Telegram, a popular messaging platform with 800 million users, has unveiled its cryptocurrency wallet. This move allows users to securely store, send, and receive digital assets within the app. The wallet supports various cryptocurrencies, including Bitcoin and Ethereum, and incorporates a decentralized exchange feature. Telegram aims to simplify the crypto experience for its massive user base, potentially driving further adoption of digital currencies.

The Bank of Israel and Hong Kong Monetary Authority (HKMA) have signed a memorandum of understanding (MoU) to explore CBDC collaboration and share knowledge. This partnership aims to foster innovation and enhance financial infrastructure while facilitating cross-border transactions. Both regions acknowledge the growing significance of digital currencies and their potential to revolutionize the financial sector. The collaboration signifies a step towards CBDC implementation, reflecting the global trend among central banks to investigate and develop digital currencies in response to the changing landscape of payments and finance.

Despite recent announcements to temporarily withdraw its UK offering, PayPal has expanded its crypto payment options for Web3 merchants in the US. Expanding token acceptance to Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. PayPal has claimed this move is part of its efforts to support the growing Web3 ecosystem and demonstrate a continued commitment to cryptocurrency integration in the financial landscape.

The WeMix Korean Golf Tournament has incorporated cryptocurrency into its event by offering crypto prizes. Participants can win Bitcoin and Ethereum as rewards for their performance in the tournament. This innovative approach aims to attract more participants and engage the crypto community in golf. It represents a unique intersection of sports and digital assets, showcasing the increasing acceptance and integration of cryptocurrencies into various sectors beyond traditional finance.

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