Facebook Novi

POKKET: Crypto Market Update (Aug 26)

POKKET: Crypto Market Update (Aug 26)

Bitcoin dipped overnight but has since recovered and look flat over 24hrs, now at $48k, ETH is -1.3% at $3150. Movers are ALICE +32%, SAND +18%, CHR +13%, POND +11%, EVX DEGO +10%. Circle and Coinbase have announced their stablecoin USDC will now be 100% backed by cash and short-term US Treasuries by this September. Bloomberg reports Facebook is looking to get into the NFT space through its crypto wallet Novi, without giving any specifics on how or when. UK’s FCA (financial boomer regulator) say…
POKKET: Crypto Market Update (Aug 19)

POKKET: Crypto Market Update (Aug 19)

Bitcoin is flat at just above $45k, ETH is the same at barely holding $3k handle. Movers are SRM +21%, SNM +15%, GTO +12%, FET TRU +9%, BRD -18%. Robinhood says crypto revenues were $233M for Q2, and 60% of the user base has traded crypto during the period. The company has promised to add more crypto wallets and will list more coins, although not giving any guidance on timing nor the list of proposed listings. Facebook is gearing up to release it’s own stablecoin wallet, Novi, after almost two q…