Weekly Report: Centralized Exchanges Enter NFT Space

Bitcoin and Ethereum seem to be on their way to new all-time highs after the latest price gains. Also in the areas of Kryptow ä hrungen and NFT was a lot going on this week

US eclipses China as home of Bitcoin mining

University of Cambridge Researchers have on Wednesday dates published, the bestätigen that the US is now responsible forür the höchste Bitcoin mining performance – a third of the total hash rate. The Cambridge Centre for Alternative Finance report shows that the Bitcoin hashrate in the US has increased by 428% since September last year.

The data also showed that the US had a 35.4% share of the Bitcoin hashrate by the end of August this year. China has been its own Bösewicht in reducing the hash rate, as the government has made the country generally unfriendly to crypto currencies. The government of the country has massively changed the crypto scene in the country through the People’s Bank of China by intensively restricting crypto mining and crypto trading.

From a estimated 75% share of the Bitcoin hashrate in 2019 to 44% in May, the Chinese share has dropped to zero by July of this year. The miners have fled the Chinese region in droves to other, less hostile regions, and U.S. states like Texas have been popular targets.

ARK Invest prüft a Bitcoin futures ETF

Cathie Woods’ ARK Invest has joined the list of companies seeking SEC approval to offer an ETF. The investment firm is said to have teamed up as a marketer with Alpha Architect as an ETF issuer and 21Shares as a sub-advisor. From those submitted on Wednesday Documentation it is clear that the planned product will only trade with futures and not directly with crypto currencies.

The most recent bias toward crypto futures makes sense considering that SEC Chairman Gary Gensler has previously hinted that ETFs based on futures would be taken into account in the admission process. Experts have predicted that a Bitcoin ETF could come before the end of the year.

The Ger ü chte & uuml; about a m & ouml; like soon approval have helped to drive the Bitcoin course in the H & ouml; he, which currently changes hands at around 59.000 dollars. However, not everyone is optimistic that approval will come soon. Todd Rosenbluth of CFRA said againstüabout CNBCthat the approval would be delayed until the first quarter of 2022.

Vladimir Putin Sees Value in Crypto

Russian Pr ä sident Vladimir Putin has said that he would see crypto currencies in the future as a unit of account, claiming that digital assets due to their volatility ät at the moment are still too fr ü h f ür this use. In a Interviewby Hadley Gamble CNBC;on Wednesday, he added that he sees the use of crypto currencies in cross-border payment transactions.

Although he agreed that crypto currencies have value, Putin was also cynical about the idea of using crypto currencies for energy bills because they are unsecured assets. Putin also suggested that Russia could move to non-dollar-denominated transactions in response to U.S. targeted sanctions. When asked whether crypto currencies for Russia could be an alternative to the dollar, the president said it was still too early to discuss the use of crypto currencies in the settlement of energy transactions.

However, he räumte that Kryptowährungen have the potential over time to mature to such an extent that they can be used in trade k & ouml; can. In the past, Russia has introduced legal regulations that exclude the use of crypto currencies in payment transactions in order to preserve the souvernit of its currency. Deputy Finance Minister Alexei Moiseev also confirmed this week that the state will not ban the purchase and trade of crypto currencies, as China has done recently.

TradingView closes First round of Funding with $298 Million

As Bloomberg;on Thursday reported, has the platform for price charts and investments TradingView received 298 million dollars from its latest round of financing, which was led by Tiger Global Management. The funding round, which earned the London-based firm a valuation of $3 billion, was driven by growing interest from retail investors looking to trade in public markets. This round was the largest to date, having received only about $40 million in total in its previous funding rounds.

The financial information platform has been around for about ten years and currently has 30 million monthly users from more than 180 countries where the platform is accessible. A large part of TradingView’s growth is due to a 237% increase in visitor numbers and a 400% increase in newly established accounts over the past eighteen months.

TradingView tracks the performance of different types of investments and also provides a social forum for user discussions. According to co-founder and CEO Denis Globa, the latest capital injection will help the company achieve its goal of improving informed financial trading decisions through global expansion.

‘Coinbase NFT’ Waiting List Reaches 1.5 Million Users

Coinbase’s peer-to-peer marketplace for non-fungible tokens (NFTs) now has over 1.5 million users on its waiting list, though it didn’t open until Tuesday angek ü was ndigtthe day the million dollar limit was reached. The crypto Börse said that users will be able to trade and prägen their own NFTs on the platform: ‘Coinbase NFT’.

Such a number of interested users shows a growing interest in the NFT sector, which recorded a revenue volume of $ 10 billion in the third quarter, compared to $ 1,3 billion in the second quarter of this year. The NFT sector has seen tremendous growth in just a few months, and Coinbase is in the process of positioning itself accordingly to capitalize on it. It is expected that the entry of crypto into the NFT marketplace will have an impact on investors’ entry into NFTs.

The 1.5 million users on the Coinbase waiting list far exceeded the 261,000 users of the OpenSea marketplace. The announcement of Coinbase followed the Enthüllung ofFTX on Monday that the company will set up a Solana-based NFT marketplace. The Börse also stated that it plans to add support for Ethereum tokens soon.

The post Weekly Report: Centralized exchanges are entering the NFT space appeared first on Coin Hero.

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