Cryptocurrency Market Highlights October 1st

Solana receives more investments than Ethereum, jobs in the booming cryptocurrency world etc. are the highlights of the crypto market on October 1st, according to cryptonew.com.

Cryptocurrency Market Highlights October 1: Investment News

▶ After 3 months of CryptoCompare data, weekly net inflows into digital asset investment products averaged $ 72.8 million in September, the highest since May ($ 75.2). Bitcoin (BTC) -based products saw the highest inflows of any asset, averaging $ 31.2 million per week. It follows Solana (SOL) at $ 17.8 million, outperforming Ethereum (ETH) ($ 10.9 million) in net outflows after 21Shares launched its first investable product in late July 7.8 % to $ 35.1 billion in September, while ETH-based products lost 3% to $ 13.5 billion.

▶ Financial services companies SBI Group, Sygnum and Azimut Group have announced the launch of a $ 75 million Singapore-based venture capital fund that will invest in startups in the financial sector. The fund’s investment strategy will primarily focus on Pre-Series A and Series A companies developing blockchain / distributed ledger technology infrastructure, decentralized financial solutions (DeFi) and specific technology tools.

▶ XDEFI cryptocurrency cross-chain browser wallet has closed a $ 6 million financing round. With the new funds, XDEFI will continue to expand into new blockchains, they said.

Orlando Bravo, billionaire and co-founder of private equity firm Thoma Bravo, says he owns BTC and is “very optimistic” about crypto, according to Bloomberg. Bravo said he likes Bitcoin’s limited supply and he sees more people using it in the future.

▶ Zero Hash, a digital asset infrastructure company, claims to have raised $ 35 million in new Series C funding. The investment round was led by Point72 Ventures along with NYCA Partners, DriveWealth and others.

Cryptocurrency Market Highlights October 1: Career News

◾ On LinkedIn, US paid job postings using the keywords “cryptocurrency” and “blockchain” have increased more than 600% year-over-year and nearly 400% year-over-year in 2019 since August 1, reports Bloomberg. CryptocurrencyJobs.co’s job exchange has seen almost 1,500% growth in paid offers since last year. “Most opportunities can be found in the Ethereum ecosystem,” as well as in ecosystems like Solana (SOL), said Daniel Adler, founder of CryptocurrencyJobs.co. Additionally, many non-crypto companies are looking for crypto talent, “unlike previous years when the demand for crypto talent was (almost) limited to startups. Cryptocurrency industry,” the report said.

◾ Tigran Gambaryan – who led several multi-billion dollar cyber investigations with the US Internal Revenue Service (IRS), including the Silk Road website and Mt. Gox – joins Binance as vice president of Global Intelligence and Investigations, the exchange announced, adding that another former IRS special agent, Matthew Price, will join as the head of the investigation.

October 1st Cryptocurrency Market Highlights: Security News

Kraken Security Labs claims to have discovered several hardware and software vulnerabilities in a commonly used crypto ATM: The General Bytes BATMtwo (GBBATM2). They add that many attack vectors have been found through standard admin QR codes, Android operating system software, ATM management system, and even the machine’s hardware shell.

Cryptocurrency Market Highlights October 1st: CBDCs News

✔ Payment giant Visa has developed a concept that shows how digital currencies from central banks (CBDCs) can interact with each other to make payments, known as the Common Payments Channel (UPC). The post discusses how different blockchain networks can be linked together to facilitate the transfer of CBDCs and how Visa can help with the future exchange of CBDCs on different blockchains.

✔ The Bank of England (BoE) has announced the members of a technology forum and their attendance, including representatives from companies such as Asos, PayPal and Spotify, to explore a potential CBDC in the UK. Reports and minutes of forum meetings are published regularly, the bank added.

✔ The Reserve Bank of New Zealand (RBNZ) has announced that it is looking into the possibility of issuing a digital currency. The digital currency has to support the New Zealand dollar “as our only unit of account” and convert it 1 to 1 for cash, adding “cash here for eternity” for as long as some of us need it. “

Cryptocurrency Market Highlights October 1st: Legal News

The US Commodity Futures Trading Commission (CFTC) has brought charges against 14 companies for failing to register as forward commission sellers or for providing false and misleading information about CFTC registration and for being a member of the National Futures Association (NFA). Two organizations claiming to be NFA members even reported the same fraudulent ID number that actually belonged to someone who had died since 2006.

Cryptocurrency Market Highlights October 1: Regulatory News

• The CoinJar cryptocurrency exchange has been officially registered as a Cryptocurrency Exchange Service Provider and Custodian Wallet Provider by the UK Financial Conduct Authority (FCA). The exchange will launch a number of new products in the UK this year, including a white label service for businesses that enables digital currency processing in the backend and the CoinJar Mastercard, which allows users to store their cryptos in cash, online and can spend in store. said the company.
• The Financial Stability Board (FSB), an international body that monitors the global financial system and makes recommendations, has published a new Financial Stability Monitoring Framework that methodically supports the “global assessment of the financial stability of the financial system” and disciplines the weaknesses of the FSB “and help identify and address emerging risks to financial stability. It also differentiates between global holes that are currently physical, those that could become physical in the next 2 to 3 years, and those that could become material for longer.

Market highlights for cryptocurrencies on October 1st: News on new products and services

The city in South Florida in the United States is the first to accept cryptocurrency donations that Miami Mayor Francis Suarez said could one day replace taxes, according to The Washington Post. The city works with CityCoins, a nonprofit that enables anyone to hold and trade cryptocurrencies that represent stakes in a community. Since the nonprofit announced MiamiCoin in August, it has sent about $ 7.1 million to Miami, while Suarez estimates the effort could generate around $ 60 million over the next year.

Cryptocurrency Market Highlights October 1st: Blockchain News

Blockchain Terra (LUNA) has completed Columbus-5, an upgrade that is expected to make the system work better with other networks. Thanks to Terra, users can now transfer assets between Terra and several other chains using the Communication between Blockchains (IBC) standard, making it easier to exchange data between networks that take it over.

Cryptocurrency Market Highlights October 1: NFTs News

The Lobkowicz family of the Czech Republic, a Czech noble family from the 14th in the Lobkowicz Palace, according to Bloomberg. The artifact collection, which is considered a national treasure, cannot be sold without government approval, so the family is selling the relevant NFT to fund the restoration of these items.

Cryptocurrency Market Highlights October 1st: Mining News

Cryptocurrency mining company Argo Blockchain has reached an agreement to purchase 20,000 Bitmain Antminer S19J Pro machines. They are expected to be shipped and installed in monthly installments from Q2 2022 through Q3 2022 at the company’s future facility in Texas.

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