Crypto Pulse #15 - Iran allows imports to be paid in Crypto. Tuesday, 30th Aug 2022 | Powered by GenShards.
30 Aug 2022, 13:17
🌍 Crypto Pulse #15 - Iran allows imports to be paid in Crypto
Tuesday, 30th Aug 2022 | Powered by GenShards
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⛰Macro Landscape
📌 Iran has passed a regulation that would allow cryptocurrencies to be used as payment for imports. The country has already conducted one such transaction, which was reportedly worth $10 million (source)
📌 Crypto lender Hodlnaut has been placed under interim judicial management by the Singapore High Court, after it suspended withdrawals earlier this month. Judicial management allows a financially distressed company to be restructured under court supervision (source)
📌 The US Federal Bureau of Investigation issued a new warning focused on attacks against decentralized finance (DeFi) platforms, saying that cybercriminals are exploiting vulnerabilities in the smart contracts that govern them (source)
📈 Markets and Ecosystem
📌 As US Fed remains committed to keep raising rates to control inflation, Bitcoin fell below $20k on Sunday. But it has since recovered back above the key level (source)
📌 FTX founder and CEO Sam Bankman-Fried, also known as SBF, clarified that there are no plans to acquire cryptocurrency exchange giant Huobi, contrary to previous reports (source)
📌 10,000 Bitcoin which were dormant since 2013 have left their wallet - which has left BTC hodlers wondering if a "price top" is nearing (source)
🀄️ NFTs and Metaverse
📌 Meta has announced that Facebook now supports NFTs fully. Users can connect their wallets to Facebook and display their NFTs on their profiles (source)
📌 BAYC has flipped Cryptopunks in the all time sales ranking, driven by popularity among celebrities coupled with increasing interest by individual collectors (source)
📌 The team behind Art Blocks, the generative NFT project of technicolor squiggles, has launched a new product allowing creative teams to launch their own generative assets (source)
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