crypto market news

POKKET: Crypto Market Update (Oct 8)

POKKET: Crypto Market Update (Oct 8)

Bitcoin is softer -3% to $53.8k, ETH is flat at $3600. Movers are FTM +26%, CHZ +19%, INJ +16%, MTH +13%, rest are quiet. Bloomberg's Businessweek released a hit piece on Tether, making the front cover very meme-esque - the reaction from the community is usually in support of bashing Tether's lack of transparency, but this time around it leaned toward bashing Businessweek for rehashing many of the same points, and completely ignoring the fact those same points could be made for the magical $1T p…
POKKET: Crypto Market Update (Oct 7)

POKKET: Crypto Market Update (Oct 7)

Bitcoin has returned to $1T in market cap, blasts through $50k and sits at $55k now, a +7.2% gain in 24h. ETH is +2.1% to $3580. Movers are NKN +18%, FTM +16%, AST -12%, EVX BAND -9%. The US Department of Justice boomers proudly announced it is forming a “National Cryptocurrency Enforcement Team”, focused on cybercrime and money laundering with the goal of protecting consumers. The US FDIC is said to be studying deposit insurance for stablecoins, as it might qualify for the $250k insurance if a …
POKKET: Crypto Market Update (Oct 6)

POKKET: Crypto Market Update (Oct 6)

Uptober continues with Bitcoin +4.1% to $51.5k, ETH is +3.7% to $3500. Movers are LINA +15%, DENT +13%, RSR +11%, ANKR STMX CHZ HOT +9%, ADX -11%, EVX POLY -10%. Axie Infinity creators Sky Mavis closed their series-B round with $152M at a $3B valuation, led by a16z, and other investors including Accel and Paradigm. USDC issuer Circle has shared they are being investigated by the SEC and received an “investigative subpoena” back in July. A leading Republican on the House Financial Services Commit…
POKKET: Crypto Market Update (Oct 5)

POKKET: Crypto Market Update (Oct 5)

Uptober continues with Bitcoin anxious to crawl back to $50k, now at $49.4k +2.6%, and ETH flat at $3390. Movers are EVX +20%, OGN LINA +10%, POLY +8%, ADX -18%, APPC -10%, BRD AST -8%. Dapper Labs has acquired influencer platform Brud to launch a new business called ‘Dapper Collective’ which focuses on helping DAOs. Warsaw-based crypto startup Ramp, which calls itself the ‘PayPal for crypto’, reached a $300M valuation in a series-A funding round closing with $30M led by Balderton Capital. The H…
POKKET: Crypto Market Update (Oct 4)

POKKET: Crypto Market Update (Oct 4)

Bitcoin is flat but tried to make a run for $50k overnight. ETH is relaxed at $3415. Movers are ADX +48%, AXS +22%, APPC +12%, POLY +10%, CRV +9%. DEX spot volume to CEX volumes were 6.67% for September which is a decline from August’s 7/54% according to TheBlock. Compound took another hit as someone took advantage of the drip() Compound Reservoir, sending $69M of COMP to Comptroller — four users managed to syphon $22M out of this. Community devs knew of this bug, but could not implement a fix d…
POKKET: Crypto Market Update (Oct 1)

POKKET: Crypto Market Update (Oct 1)

Bitcoin is up +0.6% to $43.6k, ETH is up the same +0.6% to $3k. Movers are OMG POLY +20%, ALICE +13%, POWR SAND +11%, CHR STMX +9%, no standouts on the downside. Jerome Powell told Congress he has “no intention to ban” Bitcoin or cryptocurrencies in the same manner as China has done, during a grilling session for hearing for a second term. Visa shares its concept called “Universal Payments Channel”, which is a concept for payments between cross-chain CBDCs. A Twitter executive has revealed test …
POKKET: Crypto Market Update (Sep 30)

POKKET: Crypto Market Update (Sep 30)

Bitcoin is up +3% to $43k, ETH is +3.5% to $2980. Movers are OMG +22%, BNB +10%, WABI +8%, CELR -9%, DENT COMP -8%. Twitter has started rolling out the tipping feature in BTC calling it ‘Twitter Tips’, allowing users to link up their Venmo, Cash App or Patreon accounts. Naval’s AngelList has embraced DeFi by allowing investors to use USDC-enabled funds on its site, making the investment process into crypto startups much simpler. The non-custodial exchange dYdX now accounts for more than all othe…
POKKET: Crypto Market Update (Sep 29)

POKKET: Crypto Market Update (Sep 29)

Bitcoin is softer -1% to $41.8k, ETH is lower -2% to $2870. Movers are DENT +16%, ALICE +9%, APPC PNT -10%, REN -9% and rest follow in negative territory. The second-largest Ethereum mining pool SparkPool has announced a complete shutdown for all its services and operations after having shutdown only the China region last week. The fourth-largest Ethereum mining pool BeePool is also shutting down as it is based in China. CoinGecko, CoinMarketCap and TradingView are currently all blocked by China…
POKKET: Crypto Market Update (Sep 28)

POKKET: Crypto Market Update (Sep 28)

Bitcoin is -4% at $42.5k, ETH is softer -6.4% to just under $3k. Movers are FTM +10%, PNT BZRX +9%, REN -10%, AST ADX -9%. Coinbase is releasing a new feature to allow for millions of US workers to receive BTC directly as compensation, allowing for the first iteration of getting paid in Bitcoin. Emurgo, which is the commercial arm of Cardano, is going to invest $100M in DeFi, NFTs and blockchain education. Facebook announced it will spend $50M over the next two years on metaverse related initiat…
POKKET: Crypto Market Update (Sep 27)

POKKET: Crypto Market Update (Sep 27)

Bitcoin is +5% to $44.2k, ETH is doing better +9.3% at $3140. Movers are UNI +26%, INJ +19%, SUSHI +18%, ADX +17%, CRV AST +13%, REN +12%, 1INCH +10%. DeFi tokens are leading the market rebound after Huobi shuts out Chinese traders following last week’s Chinese hardline stance on crypto. “Huobi Global will gradually retire existing Mainland China user accounts by 24:00 (UTC+8) on Dec 31, 2021, and ensure the safety of users’ assets,” the exchange said in the Sunday announcement. Netflix is relea…