Fidelity will allow institutions to buy, sell, and trade Ethereum on its crypto platform starting Oct 28.
📍 Follow @Coins for the hottest news in crypto.
📍 Follow @Coins for the hottest news in crypto.
Reddit now has more NFT wallets than OpenSea.
The Polygon integration for Reddit collectibles has routed to over 3 million Reddit Vault wallets.
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The Polygon integration for Reddit collectibles has routed to over 3 million Reddit Vault wallets.
📍 Follow @Coins for the hottest news in crypto.
Binance.US announced the appointment of former Federal Bureau of Investigation agent, BJ Kang, as the company’s first Head of Investigations.
https://blog.binance.us/former-fbi-joins-binance-us/
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https://blog.binance.us/former-fbi-joins-binance-us/
📍 Follow @Coins for the hottest news in crypto.
USDC adoption is lagging outside of the United States.
Currently, 3x more USDC is bought with USD versus non-USD currencies. In part this is because, outside of the US, users usually have to pay fees in the process of converting their local currency into USDC, and this is a barrier to broader international adoption.
https://cointelegraph.com/news/usdc-adoption-is-lagging-outside-of-the-united-states-coinbase
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Currently, 3x more USDC is bought with USD versus non-USD currencies. In part this is because, outside of the US, users usually have to pay fees in the process of converting their local currency into USDC, and this is a barrier to broader international adoption.
https://cointelegraph.com/news/usdc-adoption-is-lagging-outside-of-the-united-states-coinbase
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Cointelegraph
USDC adoption is lagging outside of the United States: Coinbase
According to Coinbase, USDC has seen “conservative” adoption outside the US and the exchange is building more on-ramps for users to access the U.S. dollar-pegged cryptocurrency.
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The Lord of the Rings Web3 Movie Experience is the first in an anticipated series of Web3 movie offerings from Warner Bros.
The Lord of the Rings: The Fellowship of the Ring will be out on Oct.21
Warner Bros and Eluvio are minting 999 Lord of the Rings NFTs.
Here's how you can participate: https://www.cryptopolitan.com/lord-of-the-rings-nfts-coming-to-web3-market/
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The Lord of the Rings: The Fellowship of the Ring will be out on Oct.21
Warner Bros and Eluvio are minting 999 Lord of the Rings NFTs.
Here's how you can participate: https://www.cryptopolitan.com/lord-of-the-rings-nfts-coming-to-web3-market/
📍 Follow @Coins for the hottest news in crypto.
Cryptopolitan
News | Cryptopolitan
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Telegram is soon to launch a username auction platform on The Open Network (TON) blockchain.
The development phase is almost over, and the auction platform will be launched soon. Make sure you don't miss your chance to acquire the most valuable usernames and secure your ownership of them in the TON blockchain’s immutable ledger.
https://t.me/s/username
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The development phase is almost over, and the auction platform will be launched soon. Make sure you don't miss your chance to acquire the most valuable usernames and secure your ownership of them in the TON blockchain’s immutable ledger.
https://t.me/s/username
📍 Follow @Coins for the hottest news in crypto.
Housing NFTs: An NFT representing ownership of a house located in South Carolina was sold for $175K last week.
Fractional real estate ownership is a very interesting concept that opens the door for smaller investors to participate in the market. However, regulatory clarity is needed to address situations like wallet exploits.
Crypto is the extension of the financialization of everything. From that perspective, integrating real estate with crypto makes sense. But real estate NFTs are probably overhyped in the short to medium term.
Just because smaller investors can participate and increase liquidity doesn’t mean that they will. However, in the long term, tokenized properties could be bundled to create a tokenized fund that focuses on a specific geographic region, thus providing another investment vehicle to users.
📍 Follow @Coins for the hottest news in crypto.
Fractional real estate ownership is a very interesting concept that opens the door for smaller investors to participate in the market. However, regulatory clarity is needed to address situations like wallet exploits.
Crypto is the extension of the financialization of everything. From that perspective, integrating real estate with crypto makes sense. But real estate NFTs are probably overhyped in the short to medium term.
Just because smaller investors can participate and increase liquidity doesn’t mean that they will. However, in the long term, tokenized properties could be bundled to create a tokenized fund that focuses on a specific geographic region, thus providing another investment vehicle to users.
📍 Follow @Coins for the hottest news in crypto.
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BNB chain leading Daily Active Addresses across all L1s.
BNB chain has:
2.2X more active addresses than Ethereum.
18X more active addresses than Arbitruim and Avalnche.
33X more active addresses than Optimism.
📍 Follow @Coins for the hottest news in crypto.
BNB chain has:
2.2X more active addresses than Ethereum.
18X more active addresses than Arbitruim and Avalnche.
33X more active addresses than Optimism.
📍 Follow @Coins for the hottest news in crypto.
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FTX's SBF tweets about users who lost funds to API hack, agrees to compensate victims:
But this once, we'll do it; roughly $6m total.
(To be clear, only for FTX accounts! Hopefully other exchanges will comp theirs.)
BUT AGAIN NOT A PRECEDENT, WE WILL NOT GOING FORWARD.
https://twitter.com/SBF_FTX/status/1584304075323367426
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But this once, we'll do it; roughly $6m total.
(To be clear, only for FTX accounts! Hopefully other exchanges will comp theirs.)
BUT AGAIN NOT A PRECEDENT, WE WILL NOT GOING FORWARD.
https://twitter.com/SBF_FTX/status/1584304075323367426
📍 Follow @Coins for the hottest news in crypto.
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Block builds a Bitcoin mining hardware team:
Jack Dorsey's Block, formerly known as Square, is looking to fill the ranks of its bitcoin mining and wallet hardware teams.
⛏ Block wants to hire a "test hub lead" for mining hardware and software applications.
The move isn't surprising; Dorsey spoke about creating an 'open' bitcoin mining ecosystem back in January.
The post suggests that Block may create and sell an entire product line of mining hardware, opening up a potential new competitive front.
But as The Block's Catarina Moura has reported, the mining ASIC market isn't exactly healthy these days. As such, Block might take its time before trying to jump into the market with next-gen products.
📍 Follow @Coins for the hottest news in crypto.
Jack Dorsey's Block, formerly known as Square, is looking to fill the ranks of its bitcoin mining and wallet hardware teams.
⛏ Block wants to hire a "test hub lead" for mining hardware and software applications.
The move isn't surprising; Dorsey spoke about creating an 'open' bitcoin mining ecosystem back in January.
The post suggests that Block may create and sell an entire product line of mining hardware, opening up a potential new competitive front.
But as The Block's Catarina Moura has reported, the mining ASIC market isn't exactly healthy these days. As such, Block might take its time before trying to jump into the market with next-gen products.
📍 Follow @Coins for the hottest news in crypto.
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Yesterday UK elected their new Prime Minister, Rishi Sunak.
Did you know he is pro-crypto? Earlier this year, he tweeted
'We're working to make the UK a global cryptoassets hub. We want to see the businesses of tomorrow, and the jobs they create, here in the UK.'
Full tweet: https://twitter.com/RishiSunak/status/1510985313409245184
https://www.cryptopolitan.com/uk-appoints-rishi-sunak-as-prime-minister/
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Did you know he is pro-crypto? Earlier this year, he tweeted
'We're working to make the UK a global cryptoassets hub. We want to see the businesses of tomorrow, and the jobs they create, here in the UK.'
Full tweet: https://twitter.com/RishiSunak/status/1510985313409245184
https://www.cryptopolitan.com/uk-appoints-rishi-sunak-as-prime-minister/
📍 Follow @Coins for the hottest news in crypto.
Twitter
Rishi Sunak
We're working to make the UK a global cryptoassets hub. We want to see the businesses of tomorrow, and the jobs they create, here in the UK. Today @JohnGlenUK set out how we are going to encourage crypto investment and technology in UK markets. 👇 gov.uk/government/new…
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Rumor: Twitter is working on a “wallet prototype” that supports “crypto deposit and withdrawal”
https://twitter.com/wongmjane/status/1584616567530483712
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https://twitter.com/wongmjane/status/1584616567530483712
📍 Follow @Coins for the hottest news in crypto.
L’Oréal, Meta and French business school HEC Paris are joining forces to launch a startup acceleration program dedicated to creativity in the metaverse.
https://www.voguebusiness.com/technology/loreal-and-meta-launch-metaverse-startup-accelerator
📍 Follow @Coins for the hottest news in crypto.
https://www.voguebusiness.com/technology/loreal-and-meta-launch-metaverse-startup-accelerator
📍 Follow @Coins for the hottest news in crypto.
Vogue Business
L’Oréal and Meta launch metaverse startup accelerator
The programme, which will support creative startups in fields such as augmented reality and avatar creation, signals L’Oréal’s commitment to carving out a competitive edge in Web3.
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Short Liquidations on the highest level in 15 months:
As the title already suggest, there was some volatility today on Bitcoin.
Around the opening time of US Stock Market short positions started to roll over. An aggregated amount of $320 million have been liquidations in the hours after. This is the highest amount for months, making it an important trading day.
📍 Follow @Coins for the hottest news in crypto.
As the title already suggest, there was some volatility today on Bitcoin.
Around the opening time of US Stock Market short positions started to roll over. An aggregated amount of $320 million have been liquidations in the hours after. This is the highest amount for months, making it an important trading day.
📍 Follow @Coins for the hottest news in crypto.
Key events to watchout for:
- 26th Oct - US consumer confidence – the market expects 105.3 (from 108)
- 27th Oct - EU; New interest rates! (now 1.25%)
- 27th Oct - US; corporate earnings – Apple & Amazon
- 27th Oct - US; GDP QoQ
- 02nd Nov - US; FOMC Meeting (Interest rates)
- 03rd Nov - UK; BoE meeting
- 08th Nov - US; Midterm Elections
- 10th Nov - US; New CPI numbers
- 15th Nov - G20 in Bali, (Xi and Putin to attend)
- 20th Nov - FIFA World Cup (Go $CHZ!!!)
📍 Follow @Coins for the hottest news in crypto.
- 26th Oct - US consumer confidence – the market expects 105.3 (from 108)
- 27th Oct - EU; New interest rates! (now 1.25%)
- 27th Oct - US; corporate earnings – Apple & Amazon
- 27th Oct - US; GDP QoQ
- 02nd Nov - US; FOMC Meeting (Interest rates)
- 03rd Nov - UK; BoE meeting
- 08th Nov - US; Midterm Elections
- 10th Nov - US; New CPI numbers
- 15th Nov - G20 in Bali, (Xi and Putin to attend)
- 20th Nov - FIFA World Cup (Go $CHZ!!!)
📍 Follow @Coins for the hottest news in crypto.
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U.K. SEEKS TO REGULATE BITCOIN, CRYPTO SIMILAR TO CURRENT FINANCIAL INSTRUMENTS
The bill looks to place bitcoin and digital assets under existing financial instrument law enabling existing regulatory infrastructure to build a framework.
https://bitcoinmagazine.com/markets/bitcoin-crypto-bill-passes-house-of-commons-in-uk
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The bill looks to place bitcoin and digital assets under existing financial instrument law enabling existing regulatory infrastructure to build a framework.
https://bitcoinmagazine.com/markets/bitcoin-crypto-bill-passes-house-of-commons-in-uk
📍 Follow @Coins for the hottest news in crypto.
Bitcoin Magazine - Bitcoin News, Articles and Expert Insights
U.K. Seeks To Regulate Bitcoin, Crypto Similar To Current Financial Instruments: Report
The bill looks to place bitcoin and digital assets under existing financial instrument law enabling existing regulatory infrastructure to build a framework.
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One day you wake up and see #bitcoin at $21K, without any important news or event. The next week BTC $24K .. and $30K. Some will say it's a bull trap, others realize the bear market is over and the next bull market has started.
https://twitter.com/100trillionUSD/status/1584883797061152768
📍 Follow @Coins for the hottest news in crypto.
https://twitter.com/100trillionUSD/status/1584883797061152768
📍 Follow @Coins for the hottest news in crypto.
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Bank of Canada surprises with 50bps hike.
https://www.reuters.com/business/finance/bank-canada-set-another-supersized-hike-even-outlook-darkens-2022-10-26/
📍 Follow @Coins for the hottest news in crypto.
https://www.reuters.com/business/finance/bank-canada-set-another-supersized-hike-even-outlook-darkens-2022-10-26/
📍 Follow @Coins for the hottest news in crypto.
Reuters
Bank of Canada slows pace of rate hikes as recession fears mount
The Bank of Canada announced a smaller-than-expected interest rate hike on Wednesday and said it was getting closer to the end of its historic tightening campaign as it forecast the economy would stall over the next three quarters.
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Meta's Metaverse Division Reports $3.67 Billion Quarterly Loss.
Meta's overall third-quarter losses are $600 million more than expected.
Meta founder and CEO Mark Zuckerberg: "While we face near-term challenges on revenue, the fundamentals are there for a return to stronger revenue growth"
Meta stock price is down by 7% in pre-market.
https://decrypt.co/112952/metas-metaverse-division-reports-3-67-billion-quarterly-loss
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Meta's overall third-quarter losses are $600 million more than expected.
Meta founder and CEO Mark Zuckerberg: "While we face near-term challenges on revenue, the fundamentals are there for a return to stronger revenue growth"
Meta stock price is down by 7% in pre-market.
https://decrypt.co/112952/metas-metaverse-division-reports-3-67-billion-quarterly-loss
📍 Follow @Coins for the hottest news in crypto.
Decrypt
Meta's Metaverse Division Reports $3.67 Billion Quarterly Loss - Decrypt
Meta's overall third-quarter losses are $600 million more than expected.
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