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.