Coinbase’s $2 billion junk bond deal shows crypto ‘supercycle’ is in placeThe global crypto market cap is $2.18 trillion with a 24-hour volume of $100.84 billion. The price of Bitcoin is $48,257.58 and the BTC dominance is at 41.7%.
by Shaurya Malwa Coinbase, one of the world’s biggest and most regulated crypto exchanges that went public earlier this year, saw a recent ‘junk bond’ offering close at over $2 billion, showing glimpses of what demand in institutional circles for crypto is like. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. More news ⏬‘Bear Market’ NFTs are going live on Zilliqa’s ZilSwap todayA range of cute bear non-fungible tokens (NFTs) went live on the Zilliqa blockchain—a collaborative result of the work of Switcheo Labs and Zilliqa. Data: Bitcoin (BTC) adoption grows 1,200% in AfricaThe adoption of Bitcoin in Africa has swelled immensely over the past year, making it the third fastest-growing Bitcoin economy globally. BTC adoption up by 1200% in Africa A report produced by Chainalysis estimated the growth to be over 1,200%, which means there has been an increase in Bitcoin activities carried out by retail investors […] Coinseed barred from operating in New York after shady Dogecoin (DOGE) dealingsCoinseed, a cryptocurrency trading platform temporarily suspended previously via a preliminary injunction for violating New York state laws and for illegally squandering investors’ fund but has finally been ordered by the Supreme Court of the State of New York to shut down its operation within the state. ‘Big Four’ firm EY taps Polygon (MATIC) for Ethereum scaling solutionsIn a recent press release, EY announced integrating its blockchain products with Polygon (MATIC) protocol, an Ethereum-based full-stack scaling solution. Witchhunt arises to find perpetrator of the fake Litecoin Walmart partnership storyCharlie Lee acknowledges that Litecoin “screwed up” after an employee retweeted a fake story on partnering with retail giant Walmart. Salvadorians are adapting to life with Bitcoin, but it’s not smooth sailingAgainst the wishes of the IMF and World Bank, El Salvador did the unthinkable by making Bitcoin legal tender on September 7 – a move that has irked a proportion of its citizens, primarily due to the perception that it’s not for ordinary everyday people. Cardano (ADA) founder wins $50,000 bet on Alonzo launching on timeInput Output Global (IOG) CEO Charles Hoskinson won a $50,000 bet, with Polymarket, on Cardano launching smart contracts on time. Increasing IBC transactions show Cosmos (ATOM) ecosystem is boomingThe Inter-Blockchain Communications Protocol (IBC) has seen a huge rise in popularity in the past 30 days, showing that there’s a growing interest in the Cosmos blockchain. Solana transactions stop as mainnet experiences intermittent instabilityThe Solana blockchain has reportedly stopped processing transactions. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🔥 Trending Sectors
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