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Messages - Tnoy30

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16
CryptoSlam ranks Solana as the fourth-best NFT blockchain behind Ethereum, Ronin and Wax in terms of 24-hour sales volume. Secondary sales volume for Solana-based nonfungible tokens (NFT) has reached almost $500 million since the start of August.

According to data from CryptoSlam, secondary sales of Solana NFTs have generated a total of roughly $497.7 million from around 348,000 transactions as of Tuesday, with the average sale per NFT tallying in at $1,500.

The data shows that Solana saw a record month for secondary NFT sales volume during September with a total of $189.4 million. While Solana is seen by some as an “Ethereum killer,” the Ethereum blockchain remains the most popular, with NFT aficionados and secondary sales on Ethereum topping $2.2 billion that same month.
Source: Solana secondary NFT sales reach half a billion dollars in three months


17
Chainalysis aims to aid crypto and blockchain's already impressive growth in Southern Asia and Oceania. Leading blockchain analytics firm Chainalysis is opening its first Australian office in Canberra, coinciding with the news it has partnered with the Commonwealth Bank on its plans to offer crypto trading to 6.5 million app users.

Chainalysis, which was valued at US$4.2 billion at its Series E funding round in June, is a blockchain data research platform founded by Jonathan Levin and Michael Gronager in 2014.
Source: Blockchain forensics firm Chainalysis opens Australian office


18

19
The "Travel Rule" aims to bring reporting standards for virtual asset service providers in line with other traditional financial institutions. Tether Operations Limited, the firm operating the Tether (USDT)-centric platform tether.to, announced today that it will use Notabene, an end-to-end solution for cryptocurrency Travel Rule compliance.

Tether will begin testing Notabene's cross-border transaction monitoring system for virtual asset service providers (VASPs) to combat financial crimes such as money laundering.
Source: Tether trials Notabene’s new travel rule technology to combat financial crimes


20
Here’s how options traders would play the “very high volatility” that Binance founder Changpeng Zhao suggested will impact the crypto market over “the next few months.”
Volatility is a complex statistical measure commonly used by traders and investors. Those unfamiliar with it will likely attribute some sort of special “standing” to analysts whenever the term is used. However, as shown in a recent comment by Binance exchange founder Changpeng Zhao, most of the time, people are clueless about what volatility means.
Source: Binance CEO expects ‘very high volatility’ in crypto. Here’s how to trade it


21
The report is also expected to clarify the regulatory jurisdiction of the Treasury Department CFTC with regards to stable tokens. U.S. regulatory bodies have reportedly agreed that the Securities and Exchange Commission (SEC) will lead the United States’ efforts to regulate the stablecoin sector.

According to an Oct. 26 Bloomberg report citing anonymous sources “familiar with the matter,” the SEC has reached an agreement with other U.S. agencies to take the reins on proposing legislation and overseeing the stablecoin industry.
Source: SEC expected to head U.S. stablecoin regulation and enforcement


22
Bakkt’s share price surged by 120% during Monday’s trading session on the heels of fresh partnerships with global payments firms. The share price of the Intercontinental Exchange-backed crypto services company Bakkt ($BKKT) has surged as it unveiled two partnerships with major global payments firms.

On Monday 25 Oct., Mastercard announced it would be working with digital asset platform Bakkt to allow its customers based in the United States to buy, sell and hold digital assets through custodial wallets. On the same day, global payment provider Fiserv also announced a strategic collaboration with Bakkt to offer merchant-facing digital asset services.
Source: Bakkt shares skyrocket after partnering with Mastercard and Fiserv


23
The recent purchasing behavior of institutional investors contrasts with that in 2020 and earlier, when “institutions exclusively favored altcoins that were at least four years old, such as Ether and Litecoin.” Cryptocurrency exchange Okcoin has reported the number of and trading volume of institutions surged significantly in the last year, driven largely by stablecoins and tokens in decentralized finance.

In a report released on Oct. 26, Okcoin said it had seen a 450% increase in the number of institutional customers on its platform between September 2020 and September 2021, as well as a 124% increase in institutional trading volume over the same period. According to the report, 53% of the purchases institutional investors made in September were for altcoins. In addition, the customers showed “a greater appetite for non-Bitcoin crypto assets” compared to previous years.
Source: Okcoin reports altcoins drove institutional interest in crypto for 2021

24
Flutterwave is teaming up Tempo Payments to use USDC on Stellar to target Africa’s enormous remittances market.
The Stellar Development Foundation (SDF) has announced that it will facilitate a new remittance channel between Europe and Africa using the USD Coin (USDC) stablecoin.

On Oct. 25, the SDF announced that global payments technology company Flutterwave will use the USD Coin (USDC) stablecoin on the Stellar network to simplify remittances between Africa and Europe.

Flutterwave will work alongside Stellar’s principal EU payments partner, Paris-based money transfer operator, Tempo Payments.
Source: Stellar partners tap USDC for remittances between Europe and Africa


25
Dapper Labs’ head of partnerships said pro sports leagues have opened to their arms to NFTs amid the sector's booming growth this year.

Dapper Labs, the firm behind NBA Top Shot, said that pro sports leagues are no longer resistant to exploring nonfungible tokens (NFTs) now that the sector is hot.

Speaking at Yahoo Finance's All Markets Summit on Oct. 25, Dapper Labs’ head of partnerships, Caty Tedman, said that the stance of professional sporting organisations suddenly shifted regarding NFTs amid the sector’s booming growth in early 2021,
Source: Pro sports leagues are no longer resisting NFTs: Dapper Labs


26
The UAE continues to be one of the most friendly jurisdictions worldwide for the digital asset industry. The Dubai Financial Services Authority (DFSA) has established a regulatory framework for investment tokens as part of its efforts to stimulate the digital financial and technological environment while also meeting market players' demands and requirements.

The DFSA is an independent regulatory body in Dubai that is in charge of monitoring and regulating financial services companies wanting to operate there. It also licenses and regulates their products and services.
Source: Dubai regulator announces new regulations for investment tokens


27
Developer 'Ohmzeus' has launched a new protocol allowing stablecoins to swapped at fixed price of exactly one-to-one.
A developer working on DeFi darling OlympusDAO has launched a new protocol that seeks to facilitate stablecoin swaps without price curves.

On Oct. 26, OlympusDAO developer “Ohmzeus” announced they had launched an experimental project dubbed Range comprising decentralized stablecoin pools that do not use a price curve. The programmer described Range as an “optimistic stablecoin swap protocol” designed to “abandon a pricing curve altogether.”
Source: OlympusDAO developer launches protocol enabling one-to-one stablecoin swaps


28
The report also found that one-tenth of all Bitcoin miners control 90% of network hash rate. Researchers have found that roughly 11,000 entities are responsible for more than half of Bitcoin’s on-chain volume.

According to a study published by the National Bureau of Economic Research (NBER) on Oct. 21, 11,043 on-chain entities represent 55% of volume on the Bitcoin network. Cryptocurrency exchanges were estimated to account for three-quarters of on-chain volume.
Source: Roughly 11,000 entities represent 55% of Bitcoin’s on-chain volume


29
Despite reaching a higher total sales volume this month, SuperRare has half as many active collectors buying on the marketplace this month compared to March. NFT marketplace SuperRare has set a new monthly record of $31.4 million for total sales volume with a week to spare until the end of October, according to Dune Analytics.

SuperRare is a single-edition Ethereum (ETH) NFT marketplace, where collectors can purchase a blockchain deed of ownership for digital items such as memes, videos or artworks.

The monthly sales record was previously $29.5 million in March, with 929 active collectors purchasing 3,179 artworks. The average artwork price ranged between 3.0 and 5.5 Ether, or about $12,600 to $23,000.
Source: SuperRare has fewer buyers, but they purchase more expensive NFTs, data shows

30
Uniswap / Valour Uniswap exchange-traded product to increase UNI exposure
« on: October 26, 2021, 01:30:51 PM »
Valour Uniswap ETP, with UNI as the underlying asset, launches on the Boerse Frankfurt Zertifikate AG stock exchange. Valour, a Zurich-based exchange-traded products (ETP) issuer, announced the launch of a fully-backed investment product to increase exposure to Uniswap decentralized exchange’s native token, UNI.

The UNI token serves as the underlying asset within the Valour Uniswap ETP offering available as a fully-backed passive investment product. The Uniswap ETP was launched on a European stock exchange named Boerse Frankfurt Zertifikate AG, the Frankfurt Stock Exchange co-owner.
Source: Valour Uniswap exchange-traded product to increase UNI exposure


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