Crypto Weekly #161 - Bitcoin and cryptocurrency news of the week

The week of 06/09 in brief – The news about Bitcoin and cryptocurrencies is in constant turmoil. Sometimes vital information gets lost in the daily news flow and you miss the important points.

This format is here to remedy that. We take a look back at the past week’s news in the Crypto Weekly to keep you informed about the current state of cryptocurrencies.

The news in brief

▶ U .S. Global Investors has just purchased half a million dollars worth of Grayscale Bitcoin Trust stock. A surprising event, considering that the company was mostly known for its investment in precious metals, such as gold.

Uniswap faces US regulators. The US SEC has launched an investigation into Uniswap Labs, aiming to understand how it operates and how it promotes the platform. Obviously, this investigation does not imply wrongdoing on the part of the DEX developers.

▶ B itcoin miners have never made more money. Indeed, miners’ income per exahash of deployed power has never been greater than after China’s mining ban.

Pancakeswap is getting ready to launch its own NFT platform. To celebrate the launch, it will be possible to mine NFTs featuring the exchange’s mascot. Good news for CAKE token holders, as all CAKE spent on NFT creation will be destroyed, reducing the supply in circulation.

Bitfinex takes on security tokens. With its Bitfinex Securities platform, the company wants to enable SMEs to list their tokenized shares, bonds or funds. This will also allow them to raise funds.

See also  Facebook launches $50 million fund for metaverse research

▶ Interview between Benoit and Pierre Noizat, CEO of Paymium to discuss Bitcoin and its future.

The 5 metrics of the week

3.16 billion is the volume recorded by NFT sales platform Opensea in August. A feat that could well be repeated at the mo

is of September, with the platform already totaling more than $1 billion in volume in just ten days.

<img width=”743″ height=”416″ src=”//www.w3.org/2000/svg’%20viewBox=’0%200%20743%20416’%3E%3C/svg%3E” alt=’Monthly volume recorded by NFT’s selling platforms, showing impressive rise in OpenSea” /><img width=”743″ height=”416″ src=”https://yellowrocketagency.com/wp-content/uploads/2021/09/image-55..png” alt=’Monthly volume recorded by NFT’s selling platforms, showing impressive rise in OpenSea” />Monthly volume of NFT’s marketplaces – Source: The Block

350,000

is

the number of traders who saw their positions liquidated during the Bitcoin flash crash. As a reminder, while El Salvador had just adopted Bitcoin as its national currency alongside the dollar, BTC experienced a lightning fall of 10% in the space of a few hours.

350 000 traders qui ont vu leurs positions liquidées lors du flash crash de Bitcoin (BTC)350 000 traders qui ont vu leurs positions liquidées lors du flash crash de Bitcoin (BTC)Traders’ liquidated positions during the Bitcoin flash crash

$150

is

the average amount to pay on Ethereum in order to interact with a smart contract. An increase in transaction fees, mostly caused by the NFT craze, has led to significant network congestion.

10 million

is the number of monthly users recorded by the Metamask wallet. A record, notably enabled by the rise of decentralized finance (DeFi) and the NFT ecosystem. <img src=”//www.w3.org/2000/svg’%20viewBox=’0%200%200%200’%3E%3C/svg%3E” alt=’Evolution of the number of monthly active users on MetaMask, which finally has 10 million in August 2021″ /><img src=”https://yellowrocketagency.com/wp-content/uploads/2021/09/img_614b76dabce30..jpg” alt=’Evolution of the number of monthly active users on MetaMask which finally has 10 million in August 2021″ />Evolution of the number of monthly active users on MetaMask – Source: Metamask

See also  News of the week: Bitcoin hashrate recovers and protests in El Salvador

$25 million

is

the amount that has been raised by the startup Simba Chain. This round of Series A funding will be dedicated to emerging opportunities, such as NFT.

>> How would you like to start your crypto adventure with up to €100 free at registration? Swissborg is waiting for you! <<

Tweet of the week

Second-layer solutions on Ethereum continue to become more popular. Ten days after its launch, Arbitrum has already reached more than 100

million in deposited value.

Have a great week on the Coin Journal!

The Coin Journal is proud to be able to tell you the big and small stories of Bitcoin and cryptocurrencies. To support the newspaper in this type of initiative and guarantee its independence, do not hesitate to go through the affiliated links of the media, whether you want to take advantage of 300 euros offered in cryptocurrencies by an ultra-robust platformor even, why not, mine them yourself !