Regulations, market update, NFT mania, and DeFi. Your dose of crypto news. Stay in the know.
Kyle Turnbull
August 31, 2021 · 1 min read
The Ledger crypto news
The crypto market topped 2 trillion dollars for the first time since May as Ethereum and Bitcoin lead the way, supported by movement from Ripple and Cardano, along with everyone’s (least) favourite meme-coin, Doge. Market analysts are becoming increasingly confident in the alt-coin movement, as they look to take over the market.
Is DeFi actually DeFi? Another day another hack. This time, probably the largest in DeFi’s short history, exposes critical flaws in the smart contract model. As investors search for massive returns, the reports of rug-pulls and poorly audited contracts increase.
👉BBC
Just two months since its ruling against Binance, the UK’s FCA has issued an update indicating that it has cleared the popular exchange. New regulations, the crypto-coming of age, and the future of the big crypto twitter lobby. Questions about crypto legitimacy and the role of regulation are hotly debated. Many see this as a watershed moment for the industry, while others are less convinced.
👉 Wired
NFT Mania is in full swing. Visa purchased a $150,000 crypto punk citing their role "in the future of retail, social media, entertainment, and commerce”. OpenSea, the most popular NFT marketplace, recorded over 3 Billion USD in trade volume, as everyone looks to grab a piece of the pie. A 12-year old created a series now worth over 300,000GBP. We urge everyone to act with caution and stay vigilant of bad actors, as with any young market or industry.
👉 BBC
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Kyle Turnbull
August 31, 2021 · 1 min read
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