Crypto Trends Weekly – Sept. 17 – 23

    26 Sep 2022

    Breaking crypto news from the last week (Sept. 17 – 23, 2022):

    Sept. 18: Metaplex, a creator of the NFT protocol on Solana, is launching an MPLX governance token and will conduct an airdrop for NFT creators. Metaplex said it took a snapshot of eligible creators who created NFTs via Metaplex by August 24 and has removed of the airdrop hundreds of wallets “believed to belong to bad actors.”

    Sept. 19: DeFi product builder Coin98 Labs is rolling out the Coin98 Dollar (CUSD), the fully collateralized decentralized stablecoin for the Coin98 cross-chain ecosystem. Coin98 sees CUSD as the default exchange unit across all Coin98 Finance products, with distant plans to gradually expand it into other DeFi ecosystems.

    Sept. 20: Equity exchange Nasdaq plans to become an institutional crypto custody service taking on established crypto players like Coinbase. This move is in line with its broader mission to be a crypto service provider rather than facilitate crypto trading.

    Sept. 21: British Bitcoin trading desk CoinCorner has partnered with Seed Group, a company owned by Sheikh Saeed bin Ahmed Al Maktoum’s family office, to enter into the Dubai and broader Middle East crypto exchange market. Meanwhile, Binance has secured a license from Dubai’s crypto regulator (VARA) to offer a range of crypto-related services in the city.

    Binance received a Minimal Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA), enabling the crypto exchange to offer a range of virtual asset services to qualified retail and institutional investors, the company disclosed.

    Sept. 22: Compute North, the US-based Bitcoin mining hosting provider, has filed for Chapter 11 bankruptcy protection in a federal court, citing the decline in Bitcoin pricing and power costs rising. In addition to general market conditions, a shift in the relationship with its biggest creditor, Generate Capital, led the firm to enter the Chapter 11 process.

    Sept. 23: Cardano, the world’s 5th-largest cryptocurrency with a market cap of $15 billion, successfully deployed a highly-anticipated upgrade – ‘Vasil’ – on Sept. 23, aiming to improve network throughput and smart contract performance for DeFi Apps.

    Tether, the company that powers the largest stablecoin by market cap and the 3rd largest cryptocurrency, announced the launch of Tether (USDT) on Polkadot. The launch will allow Tether to move in and out of the Polkadot network.

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