Cryptocurrency Market Highlights September 30th

The successful development of Ripple thanks to NFT, Ethereum’s Upgrade, Algorand’s Machine, Multi-Crypto-ETF etc. are the highlights of the crypto market according to cryptonew statistics on September 30th. Cryptocurrency

Crypto Market Highlights September 30th: NFTs News

Ripple has launched its $ 250 million creator fund, which is said to be driving innovation in the crypto space, with an emphasis on non-fungible tokens (NFTs). The fund aims to provide targeted support to creators, brands and markets to explore new use cases for NFT on the XRP Ledger (XRPL), the team said.

Cryptocurrency Market Highlights September 30th: Blockchain News

According to Ethereum Foundation researcher Danny Ryan, the Ethereum (ETH) upgrade is expected to take place in the 74240 era, around October 27th. In the upgrade, EIP-2982 introduces “Penalty Parameter” penalty to ensure that the stake protocol is economically safe, with “Leakage Not Working” and “Maiming” being the two proposed penalties.

Algorand (ALGO) announced the availability of the Algorand Virtual Machine (AVM), which provides tools for developers and organizations who want to build applications on the network. They added that the upgrade includes “strong features” that new developers “couldn’t expect”.

Cryptocurrency Market Highlights September 30th: Investment News

Evolve Funds Group Inc. says it launched “Canada’s first multi-cryptocurrency ETF”. The Evolve Cryptocurrencies ETF (ETC) has completed the first offering of shares to trade on the Toronto Stock Exchange under the symbols: ETC (CAD Unhedged Units) and ETC.U (USD), the company added that the ETC intends to initially invest in Bitcoin ETF (EBIT) and Ether ETF (ETHR).

BlockFi has announced that they will start increasing rates on stablecoins in their BlockFi interest account from October 1st, while the crypto rate will remain the same. For accounts with less than 40,000 coins, the rate increases from 8% to 8.25%, for accounts with more than 5% to 7%.

Banking giant Morgan Stanley bought more than 58,000 shares in the Grayscale Bitcoin Trust on July 31, according to a recent filing. They were valued at $ 2.4 million at the time, with a reported value of just over $ 2 million in submissions.

Cryptocurrency Market Highlights September 30th: News on New Programs and Services

The Thai Tourism Authority (TAT) is considering introducing its own utility token called the TAT Coin, but the report says it should check the relevant regulations and feasibility before they begin. TAT Governor Yuthasak Supasorn said the agency is currently in talks with the Securities and Exchange Commission (SEC) about the possibility of launching TAT coins, which involve converting vouchers into digital tokens that can help the miners, a Achieve higher liquidity but cannot be speculated for trading purposes.

Installment lender Affirm plans to roll out a debit card and allow customers to buy and sell crypto directly from their savings accounts with the company, Bloomberg reported. With the new crypto offering, customers can buy and sell digital currencies including Bitcoin (BTC) directly through the Affirm app.

Bakkt has announced a partnership with Choice Hotels International to expand the benefits of the company’s rewards program, Choice Privileges, through the Bakkt app. Choice Privileges members can now convert their unused Reward Points to cash in the Bakkt app and then convert that cash into Bitcoin, send it to friends using the Send function, or use it to buy everyday goods and services online or in a store where Apple Pay or Google Pay is accepted.

The blockchain network XYO Network announced that it had net income of $ 3.8 million in the first half of 2021, compared to a loss of $ 1.9 million in the first half of 2020. According to XYO, the Number of nodes for the XYO network in the last three months.

Cryptocurrency Market Highlights September 30th: Mining News

Cryptocurrency mining company Compute North has signed an agreement with clean energy tax investment fund PowerFund One to begin delivering over $ 100 million in green energy and tax credits to miners who want to invest and move to socially responsible energy sources . The companies offer their mining clients the option to invest in tax equity and offer benefits that are structured to reduce tax liability and allow investors to own and operate oil rigs in dedicated clean energy locations.

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