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 bank holding it where to fail.

India’s largest crypto exchange CoinSwitch Kuber has reached a $1.9B valuation in a $260M series-C round led by a16z, with others like Sequoia and Tiger following.

Twin Flames, an NFT photography series by Justin Aversano, will be auctioned by Christie’s overnight and has been hyped by Snoop Dogg and Gary Vaynerchuck — Justin is now looking to build an NFT platform for other photographers. Side-track: Justin dates Nicole Buffet, an NFT artist and granddaughter of Warren Buffet.

Wayfare, a discord bot designed to aggregate information on DAOs for jobs and investments, is starting to gain momentum as many believe DAOs will replace companies in the future.

MoneyGram announced it is working with Stellar blockchain network to create instant money transfers using USDC stablecoin.

Check out today’s interest rates at POKKET and earn interest on your crypto with our crypto savings account.

Like POKKET’s market commentary?
Follow us on Twitter to get the latest news, or email us your thoughts.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
POKKET

POKKET

POKKET is a new cryptocurrency savings account service to help you earn interest returns on your crypto assets. 6–8% APY on Bitcoin lending, +100 other assets!