Cryptonomics – your weekly crypto & blockchain readings 📰
27th September – 3rd October
This is Rizvi, entrepreneur and crypto enthusiast based in Zurich, Switzerland. Every week, I’ll share with you some of my weekly readings and thoughts around crypto and blockchain topics, from market insights to trading activities. Feedback is more than welcome!
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🪙 Crypto Market News
North America becomes the world’s second-largest crypto market. North American addresses received $750 billion in crypto between July 2020 and June 2021, or 18.4% of global transactions. Central, Northern and Western Europe received $1 trillion during that time period, accounting for 25% of global volume. 📰 Coindesk
US leads the world in bitcoin mining after China crackdown sends industry overseas. The United States has overtaken China to account for the largest share of the world’s bitcoin mining, according to data published by researchers at Cambridge University. 📰 Reuters
Bollywood’s biggest stars are pitching crypto. Ahead of Diwali, two of Bollywood’s leading men are pitching another option during India’s annual gold shopping spree: cryptocurrencies. 📰 Bloomberg
Polkadot marks parachain milestone with 25% price surge. After five years of development from Parity Technologies (the engineering team behind Polkadot), the project announced it was ready to launch what it calls “parachains”. Auctions for the slots will start on the 11th of November. 📰 Decrypt
SEC approves Bitcoin Futures ETF. The Securities and Exchange Commission (SEC) greenlighted bitcoin futures ETFs in a first for the industry on Friday, after the regulator’s five commissioners met on the issue. ProShares, which filed for its Bitcoin Strategy ETF this past summer, may be the first to launch next week. 📰 Coindesk
🖼️ NFT Market News
Visa has a new NFT program. Today, Visa launched an NFT-centric program in partnership with noted crypto artist Micah Johnson, the creator of the NFT character Aku. Together, Visa and Johnson aim to help creators and small business owners better understand how NFTs work. 📰 Decrypt
Art house Sotheby’s launches curated NFT platform called Sotheby’s Metaverse. Called ‘Sotheby’s Metaverse,’ the platform will include curated NFTs from the Sotheby’s team and allows individuals to purchase NFTs using ETH, BTC, USDC or fiat currencies. 📰 The Block Crypto
Médecins Sans Frontières gets a multi-million ETH donation. Médecins Sans Frontières (MSF), an international humanitarian organization offering medical help around the world, has received approximately $3.5 million worth of Ethereum as a donation, drawn from the proceeds of an NFT sale. 📰 Decrypt
Entertainment industry riding the wave of NFT Boom. According to Citi’s new “Disruptive Innovations” report, companies including Disney, Electronic Arts and Robinhood could benefit from NFTs. That’s because the entertainment industry is the most direct beneficiary, as content owners have better control of distribution and monetization using blockchain technology. 📰 Coindesk
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