POKKET: Crypto Market Update (Sep 2)
Bitcoin is higher +6% to $49.8k, ETH is enjoying a +11% move up to near $3800. Movers are FTM +25%, CELR +21%, INJ +19%, SUSHI +17%, BAL +14%, REN LINK DENT +12%, TRB RLC +11%, SNX 1INCH +10%,, GTO MATIC COMP +9%, YFII -11%.
MetaMask has seen an explosion in users, with MAU at 10M, a whopping +1800% YoY growth as compared to July 2020 MAU at 545k.
Arbitrum One mainnet beta public launched and is now available to the public, allowing for the much anticipated scaling of smart contracts.
Twitter’s @jack’s news of decentralised Bitcoin exchange platform through TBD, a new venture by Square, has seen a 5000% increase in Google search volumes over the weeks.
The rollout for digital yuan is looking closer, with Beijing concentrating efforts to develop e-CNY payment services in time for the upcoming Beijing Winter Olympics in 2022.
Honduras has officially opened its first Bitcoin ATM amid its crypto-friendly push.
The former CFTC chair Giancarlo has exited from BlockFi’s board as four US states continue pressuring the firm to cease their interest products.
Lastly, the SEC is finally dropping the hammer on BitConnect, this time suing them for $2B, the amount of funds in BTC they raised back in 2016, although the amount of BTC would now equal $15B.
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