09-20-2021, 02:38 AM
Your weekly dose of Crypto
<!-- SC_OFF --><div class="md"><h1>Your weekly dose of Crypto, Sept 12 - Sept 18</h1> <ol> <li>The total market cap stood at $2.2 trillion and is up by over 2.5% in the last 7 days. Bitcoin dominance is at around 40%, whereas Ethereum dominance is at 18%.<br/></li> <li>BTC is up by over 4.7% and ETH is up by over 2.1%, in the last 7 days, as the market slightly recoups from the flash crash of Sept 7.<br/></li> <li>Among the altcoins, Cosmos hit a new ATH of $41.28 and AVAX hit a new ATH of $75.04. Whereas LUNA, ADA and SOL are down by double digits in the last 7 days.<br/></li> <li>Decentralized music streaming service Audius has raised $5 million in a new round of funding. Katy Perry, Nas, Jason Derulo are some of the prominent artists to invest in this round <a href="https://www.rollingstone.com/pro/news/audius-blockchain-nft-crypto-streaming-platform-1226559/">link</a>.<br/></li> <li>OpenSea has admitted that one of its employees profited from insider info, by purchasing items that were set to display on its front page before they appeared there publicly <a href="https://opensea.io/blog/announcements/employee-information-use-at-opensea/">link</a>.<br/></li> <li>Asset Manager Franklin Templeton has filed for $20 million blockchain venture fund with SEC, it already has raised $10 million. The fund will be used to invest in crypto and blockchain startups <a href="https://www.sec.gov/Archives/edgar/data/1882656/000188265621000001/xslFormDX01/primary_doc.xml">link</a>.<br/></li> <li>Solana network was down for over 18 hours. Anatoly Yakovenko attributed this to an overwhelming number of transactions from bots on DeFi protocol Raydium. This halted Solana’s recent upward momentum <a href="https://nitter.net/aeyakovenko/status/1437795827704029189">link</a>.<br/></li> <li>El Salvador exempts foreign investors from paying tax on Bitcoin gains, to encourage foreign investment in the country <a href="https://www.france24.com/en/live-news/20210910-foreign-investors-exempt-from-tax-on-bitcoin-profits-el-salvador">link</a>.<br/></li> <li>The Drone Racing League has inked a five-year deal with Algorand. The blockchain network shall be used for various initiatives such as ticketing, NFTs, token-based league governance <a href="https://www.algorand.com/algorand-drone-racing-league-drl">link</a>.<br/></li> <li>Crypto.com has signed a five-year deal with esports team Fnatic, worth more than $15 million in total. The exchange is also already partnered with UFC, F1 team Aston Martin Cognizant, Paris Saint-Germain F.C., to name a few <a href="https://fnatic.com/news/fnatic-and-cryptocom-enter-historic-partnership">link</a>.<br/></li> <li>The Hedera governing council to allocate $5 billion in HBAR to independent foundation and ecosystem development initiatives <a href="https://hedera.com/blog/hedera-governing-council-to-allocate-5-billion-in-hbar-to-independent-foundation-and-ecosystem-development-initiatives">link</a>.<br/></li> </ol> <p>Edit: Added 11th item</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Aegontarg07"> /u/Aegontarg07 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pr723p/your_weekly_dose_of_crypto/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pr723p/your_weekly_dose_of_crypto/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><h1>Your weekly dose of Crypto, Sept 12 - Sept 18</h1> <ol> <li>The total market cap stood at $2.2 trillion and is up by over 2.5% in the last 7 days. Bitcoin dominance is at around 40%, whereas Ethereum dominance is at 18%.<br/></li> <li>BTC is up by over 4.7% and ETH is up by over 2.1%, in the last 7 days, as the market slightly recoups from the flash crash of Sept 7.<br/></li> <li>Among the altcoins, Cosmos hit a new ATH of $41.28 and AVAX hit a new ATH of $75.04. Whereas LUNA, ADA and SOL are down by double digits in the last 7 days.<br/></li> <li>Decentralized music streaming service Audius has raised $5 million in a new round of funding. Katy Perry, Nas, Jason Derulo are some of the prominent artists to invest in this round <a href="https://www.rollingstone.com/pro/news/audius-blockchain-nft-crypto-streaming-platform-1226559/">link</a>.<br/></li> <li>OpenSea has admitted that one of its employees profited from insider info, by purchasing items that were set to display on its front page before they appeared there publicly <a href="https://opensea.io/blog/announcements/employee-information-use-at-opensea/">link</a>.<br/></li> <li>Asset Manager Franklin Templeton has filed for $20 million blockchain venture fund with SEC, it already has raised $10 million. The fund will be used to invest in crypto and blockchain startups <a href="https://www.sec.gov/Archives/edgar/data/1882656/000188265621000001/xslFormDX01/primary_doc.xml">link</a>.<br/></li> <li>Solana network was down for over 18 hours. Anatoly Yakovenko attributed this to an overwhelming number of transactions from bots on DeFi protocol Raydium. This halted Solana’s recent upward momentum <a href="https://nitter.net/aeyakovenko/status/1437795827704029189">link</a>.<br/></li> <li>El Salvador exempts foreign investors from paying tax on Bitcoin gains, to encourage foreign investment in the country <a href="https://www.france24.com/en/live-news/20210910-foreign-investors-exempt-from-tax-on-bitcoin-profits-el-salvador">link</a>.<br/></li> <li>The Drone Racing League has inked a five-year deal with Algorand. The blockchain network shall be used for various initiatives such as ticketing, NFTs, token-based league governance <a href="https://www.algorand.com/algorand-drone-racing-league-drl">link</a>.<br/></li> <li>Crypto.com has signed a five-year deal with esports team Fnatic, worth more than $15 million in total. The exchange is also already partnered with UFC, F1 team Aston Martin Cognizant, Paris Saint-Germain F.C., to name a few <a href="https://fnatic.com/news/fnatic-and-cryptocom-enter-historic-partnership">link</a>.<br/></li> <li>The Hedera governing council to allocate $5 billion in HBAR to independent foundation and ecosystem development initiatives <a href="https://hedera.com/blog/hedera-governing-council-to-allocate-5-billion-in-hbar-to-independent-foundation-and-ecosystem-development-initiatives">link</a>.<br/></li> </ol> <p>Edit: Added 11th item</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Aegontarg07"> /u/Aegontarg07 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pr723p/your_weekly_dose_of_crypto/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pr723p/your_weekly_dose_of_crypto/">[comments]</a></span>Kind Regards R