Daily Crypto News 20 September
California is the most cryptocurrency-ready country in the United States. California managed to overtake New Jersey, Texas, Florida and New York in the crypto readiness index. Despite regulatory uncertainty and the impending infrastructure bill that could affect key segments of the blockchain economy, the United States continues to be a world leader in cryptocurrency adoption. Crypto's success in the United States stems in large part from its investment asset status.
0xMaki, a Sushi key core contributor, said that he will be resigning from day-to-day DeFi platform management and becoming a consultant. He rose to the position of CEO and helped the project grow into one of the top decentralized exchanges in the DeFi industry, as well as extending into new products. Mackie has stated that it will concentrate on the DeFi ecosystem as a whole. Projects in conjunction with the venture capital business Future Fund could involve philanthropic causes.
After the United States and Canada, El Salvador now has the third largest network of crypto ATMs. El Salvador has successfully installed 201 ATMs in just one month, according to Coin ATM Radar statistics. President Nayib Bukele earlier stated that a network of 200 ATMs and 50 branches would first boost Bitcoin adoption. With 27,664 active machines and 2,790 new machines deployed in September, crypto ATM installations are at an all-time high. Merchants, on the other hand, can convert bitcoin payments to US dollars before extracting their profits. While other governments have yet to decide whether or not to use Bitcoin as a fixed asset, an average of 63.7 ATMs being deployed every day around the world. Additionally, local opposition to bitcoin adoption in El Salvador has resulted in the recent burning of a Chivo-supported bitcoin atm. El Salvador's legal tender is currently bitcoin and the US dollar.
After a massive market drop last week, NFT market sales have started to improve. Non-fungible token (NFT) marketplaces saw sales plummet seven days ago after reaching all-time highs in August. Sales have recovered to some extent a week later, and NFT marketplaces such as Opensea, Rarible, and Superrare have seen increases in seven-day trading volumes.