Crypto Flipsider Information – Aug 30 – Solana, Ethereum, Dubai, Honduras, Binance, CryptoPunks, Mutant Apes, Bored Apes By DailyCoin – Investing.com

Crypto Flipsider News – August 30th – Solana, Ethereum, Dubai, Honduras, Binance, CryptoPunks, Mutant Apes, Bored Apes

  • Solana’s rally continues: $ 100 milestone exceeded.
  • ETH-based products increase by 72.8%.
  • Government updates: Dubai, Honduras, China.
  • Binance removes the Norwegian krone and lists new coins and future contracts.
  • NFT News: CryptoPunks, Mutant Apes, Bored Apes, Stephen Curry, OpenSea, Invisible Rock.

Solana’s rally continues: $ 100 milestone exceeded

Solana (SOL) broke the historic $ 100 mark today. The competitor accumulated over 10% in 24 hours to test the new $ 100.84 ATH. Solana’s total value hit a new high of $ 3.04 billion as shared today by WuBlockchain.

Solana’s impressive course began on August 15th, and since then SOL’s value has risen by over 126%.

The project was recently targeted by institutional investors when there was a large inflow of institutional funds in August.

New York-based Osprey Funds registered the Osprey Solana Trust with the SEC last week, making it the first private Solana investment offering in the United States.

Flipsider:

  • Over 40% of SOL’s token offering is not yet in circulation.
  • Solana is not alone in the field of ETH killers: Cardano’s smart contracts are expected to come into force on September 12th.

ETH-based products increase by 72.8%

Ethereum (ETH) has evolved into the most popular network in the crypto sector due to some of its functions. Ether and ETH-based products have gained significant momentum following the London upgrade and the rise of the NFT market. This has resulted in Ethereum-based products reaching $ 13.8 billion after a monthly growth of 72.8%.

According to CryptoCompare, Ethereum’s total market share is 25.2%, which is its highest level so far this year.

Flipsider:

  • It looks like NFTs are really paying off for some as sales have continued to rise while NFTs are on a hype train. However, it is only a matter of time before we see if NFTs offer long-term business value and benefit.

Government updates: Dubai, Honduras, China

  • UAE: Bittrex Global’s chief executive officer has said that Dubai can benefit from the growing Middle East cryptocurrency market as Dubai regulators push for blockchain-based technologies to be adopted. As Stephen Stonberg, CEO of Digital Asset Exchange pointed out, the United Arab Emirates and Dubai are doing “all the right things” to attract many regional projects. Overall, given the region’s status as a tax-free location, Dubai is becoming a great place to set up a cryptocurrency exchange.
  • Honduras: Honduras has installed its first cryptocurrency ATM as the demand for digital assets continues to grow. As neighboring El Salvador pushes for Bitcoin to be legal tender, Honduras refuses to be left behind. The Honduran company TGU Consulting Group will offer the possibility to convert the local currency Lempira into Bitcoin and Ethereum.
  • China: China is aiming to set up an international clearing and settlement network for mobile payments with the digital yuan. China also wants to use the digital yuan to enrich the monitoring and early warning capacity of cross-border yuan flows.
  • Flipsider:

    • While some countries like the United Arab Emirates and Honduras see great potential in entering the crypto market, China is sticking to its “special” approach. The nation currently has arguably the most solid plan for the use and diffusion of blockchain-related and centralized digital currencies like digital. With the backing of the government and the People’s Bank of China, the coin could have great potential to create a strong “cashless nation”.

    Binance removes the Norwegian krone and lists new coins and futures contracts

    The world’s largest crypto exchange has removed trading pairs, payments, kroner payment options and also website support in Norwegian (NOK). The financial regulator of the world’s most cashless country warned users of the risks associated with cryptocurrencies back in June.

    Binance today added Gnosis (GNO), a project that is building new market mechanisms for DeFi.

    Binance Futures is starting a new unlimited contract Automata Network (ATA) Tether (USDT) tomorrow. Automata Network is a decentralized service protocol that helps maintain privacy for dApps on Ethereum and Polkadot.

    Flipsider:

    • Binance tightened its customer verification requirements earlier this month. However, the exchange is still subject to multiple regulatory warnings around the world, largely because Binance operates without the required legal registrations.

    NFT News: CryptoPunks, Mutant Apes, Bored Apes, Stephen Curry, OpenSea, Invisible Rock

    The NFT market continues to gain momentum. Impressively, the numbers in trading volume are only increasing. Given the longevity of this boom, some people are becoming more skeptical of the phenomenon. However, while many NFT messages are coming in every day, let’s review the key pieces:

    • OpenSea’s monthly trading volume has exceeded $ 2 billion.

    The largest NFT marketplace reached $ 2.3 billion in terms of trading volume in August. That’s colossal compared to July when it managed just over $ 300 million.

    • CryptoPunks are getting more and more expensive.

    Now the lowest price for an NFT of Punks exceeds 100 ETH, which is currently around $ 350,000, although the most expensive CryptoPunk on sale is valued at $ 3.61 trillion.

    • The owner of Mutant Ape NFT made a mistake and sold the digital art for 17 USDC instead of 17 ETH.

    Some lucky guy only paid $ 17 instead of the $ 54,000 allotted. The original owner spent around 2.87 ETH or $ 9,000 to mint the NFT, while the user who bought the NFT first resold it for 5 ETH or $ 16,000.

    • Famous NBA star Stephen Curry showed off his Bored Ape NFT on his Twitter account (NYSE :).

    The basketball player changes his avatar image to the Bored Ape. Currently, the value of digital art is estimated at almost 40 ETH, which is currently around $ 128,000.

    • An invisible rock NFT was sold for 4 ETH ($ 13,000).

    This isn’t the most expensive NFT ever sold. On the other hand, NFTs seem to have taken the approach of modern art: just a month ago, an Italian was selling an “Invisible Sculpture” for $ 18,300. It is interesting to see the development of NFTs. By the way, this isn’t even the most expensive invisible NFT as it was auctioned off for 33 ETH or $ 104,000.

    Flipsider:

    • Although the NFT market is now growing exponentially, people have split into two groups: one believes that NFTs are completely separate from crypto and now exist in a category of their own, but the other expects this bubble to burst.

    EMAIL NEWSLETTER

    Join in to learn the downside of crypto

    Update your inbox and receive tips from our DailyCoin editors straight to your inbox once a week.

    [contact-form-7]

    You can unsubscribe at any time with just 1 click.

    Read on on DailyCoin


    Share post on

    Sonic BTC is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

    Binance allegedly seeks authorities funding underneath regulatory strain, focusing on $ 200 billion valuation – Yahoo Finance Binance

    Binance allegedly seeks authorities funding underneath regulatory strain, focusing on $ 200 billion valuation – Yahoo Finance

    The world's leading cryptocurrency exchange Binance seeks government funding despite being in the crosshairs...

    By wpadminsonic164
    Prime cryptocurrency information on August 26: Main tales on Bitcoin, Binance & NFTs – Moneycontrol.com Binance

    Prime cryptocurrency information on August 26: Main tales on Bitcoin, Binance & NFTs – Moneycontrol.com

    a,.special_wrapbx a{color:#333;font:400 11px Lato,sans-serif}.user_after_login a, .user_before_login a {color: #333333;font: 11px 'Lato',sans-serif;}.dropdown-menu{display:none;background-clip:border-box!important}.header_desktop .dropdown-menu>li{border-bottom:1px solid #e9e9e9}.header_desktop...

    By wpadminsonic164
    Lendefi introduces Canary Mainnet to the Binance Good Chain – The Each day Hodl Binance

    Lendefi introduces Canary Mainnet to the Binance Good Chain – The Each day Hodl

    Lendefi Finance (Lendefi) is pleased to announce the launch of its leveraged trading protocol...

    By wpadminsonic164
    XRPUSDT evaluation exhibiting potential decline.  For BINANCE: XRPUSDTPERP by Chutireality – Todayuknews – Todayuknews Binance

    XRPUSDT evaluation exhibiting potential decline. For BINANCE: XRPUSDTPERP by Chutireality – Todayuknews – Todayuknews

    XRP BINANCE: XRPUSDTPERP since then has been pumping coins like all other coins BTC...

    By wpadminsonic164
    Binance’s CEO labored at McDonald’s, now he is a crypto billionaire and one of many richest from S’pore – Vulcan Put up Binance

    Binance’s CEO labored at McDonald’s, now he is a crypto billionaire and one of many richest from S’pore – Vulcan Put up

    Most recently, Binance founder and CEO Zhao Changpeng (also known as "CZ") was a...

    By wpadminsonic164
    Binance’s CEO labored at McDonald’s, now he is a crypto billionaire and one of many richest from S’pore – Vulcan Publish Binance

    Binance’s CEO labored at McDonald’s, now he is a crypto billionaire and one of many richest from S’pore – Vulcan Publish

    Most recently, Binance founder and CEO Zhao Changpeng (also known as "CZ") was a...

    By wpadminsonic164
    ANTUSDT ANALYSIS for BINANCE: ANTUSDT by Multiassetxplorations – Todayuknews – Todayuknews Binance

    ANTUSDT ANALYSIS for BINANCE: ANTUSDT by Multiassetxplorations – Todayuknews – Todayuknews

    Note: If you have any questions, please feel free to send me a message...

    By wpadminsonic164
    Prime Cryptocurrency Costs At present: Dogecoin, Polkadot, Binance Coin Acquire Up To 13% – Financial Occasions Binance

    Prime Cryptocurrency Costs At present: Dogecoin, Polkadot, Binance Coin Acquire Up To 13% – Financial Occasions

    New Delhi: Major cryptocurrencies continued their upward trend on Monday after a decent rally...

    By wpadminsonic164

    Latest Posts

    Binance allegedly seeks authorities funding underneath regulatory strain, focusing on $ 200 billion valuation – Yahoo Finance Binance

    Binance allegedly seeks authorities funding underneath regulatory strain, focusing on $ 200 billion valuation – Yahoo Finance

    The world's leading cryptocurrency exchange Binance seeks government funding despite being in the crosshairs...

    By wpadminsonic164
    Monero, Stellar, AAVE Value Evaluation: August twenty second – AMBCrypto Information Stellar

    Monero, Stellar, AAVE Value Evaluation: August twenty second – AMBCrypto Information

    Major cryptocurrencies have shown mixed trading so far, with Bitcoin reversing its losses by...

    By wpadminsonic164
    BITCOIN CRASH (essential add)!! MY NEW STRATEGY, BITCOIN PRICE PREDICTION & BITCOIN NEWS TODAY!! Videos

    BITCOIN CRASH (essential add)!! MY NEW STRATEGY, BITCOIN PRICE PREDICTION & BITCOIN NEWS TODAY!!

    BITCOIN CRASH (important upload)!! MY NEW STRATEGY, BITCOIN PRICE PREDICTION & BITCOIN NEWS TODAY!!...

    By wpadminsonic164
    Bexplus lists Cardano (ADA), provides 100x leverage and 100% deposit bonus – CryptoGlobe Cardano

    Bexplus lists Cardano (ADA), provides 100x leverage and 100% deposit bonus – CryptoGlobe

    In order to do justice to the fast growing market for Cardano ($ ADA),...

    By wpadminsonic164
    Dogecoin Elliott Wave Evaluation: Appears to be Transferring Down – FXStreet Dogecoin

    Dogecoin Elliott Wave Evaluation: Appears to be Transferring Down – FXStreet

    If the crypto market extends its decline today, we would likely have five waves...

    By wpadminsonic164
    Ethereum’s EIP-1559 improve burned $ 400 million in ETH: report Ethereum

    Ethereum’s EIP-1559 improve burned $ 400 million in ETH: report

    Ethereum's EIP-1559 upgrade burned $ 400 million in ETH instead of handing it over...

    By wpadminsonic164
    Gary Gensler Says Bitcoin is Actual Bitcoin

    Gary Gensler Says Bitcoin is Actual

    Gary Gensler, the new chairman of the Securities and Exchange Commission (SEC), confirmed the...

    By wpadminsonic164
    The transition between fiat and bitcoin Bitcoin

    The transition between fiat and bitcoin

    One world, two systems: Why Bitcoin and Fiat have to learn to live togetherTwo...

    By wpadminsonic164