POKKET: Crypto Market Update (Sep 4)

crypto news, bitcoin price

Bitcoin is +2% at just shy of $50k after having touched $51k overnight. ETH is +4.6% to $3900, not taking a rest. Movers are POLY +75%, OGN +17%, POWR +16%, IOST +16%, FTM +11%.

The latest NFT craze are Loot NFTs which are literally just lists of fictional fantasy adventure gear created by co-founder of Vine, and have reached prices of close to $1M a list — Vitalik is even a fan and hodlers are getting airdopped other NFTs just because.

South Africa’s FSCA (Financial Sector Conduct Authority) released a statement on Friday warning that Binance is “not authorised to give any financial advice or render any intermediary services in terms of (various acts in S.Africa)”, to which Binance responded with a tone of ‘we don’t respect your authoritay’.

The SEC is starting to investigate Uniswap, with Gensler commenting DeFi projects offering incentives or digital tokens to participants could fall under the purview of SEC regulation.

SBI Holdings is going to launch the first crypto fund aimed at gullible retail investors in Japan, with a launch date set to end of November and assets including BTC, ETH, XRP, BCH and LTC.

Celsius has hit a few milestones, namely 1M users and reaching $20B in community assets.

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