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NFT Trading Surges 8X as Penguins, Apes Drive New Boom
Trading in non-fungible tokens (NFTs) is soaring to multiples of the levels seen earlier this year. Sales on OpenSea, the largest NFT marketplace, reportedly reached more than 60,000 per day over the past week, nearly eight times the peak in March.
Binance Appoints Former US Treasury Enforcer to Anti-Money Laundering Role
Binance has named former U.S. Treasury enforcement investigator Greg Monahan as its global money laundering reporting officer. The appointment comes as the crypto exchange is attempting to be more proactive in its regulatory compliance. Where is it headed next?
Dogecoin Foundation Returns With Ethereum’s Vitalik Buterin as Adviser
The Dogecoin Foundation, a nonprofit organization that aims to support the development of DOGE, has been re-established with Ethereum co-founder Vitalik Buterin as its “blockchain and crypto adviser.” The foundation is now hoping to secure a three-year budget to hire a small staff to work on dogecoin full-time.
MobileCoin Raises $66M to Build Out Privacy-Focused Payments Tech
MobileCoin, a privacy-oriented and mobile-first cryptocurrency project, has raised $66 million in venture capital led by Sam Bankman-Fried’s Alameda Research, Coinbase Ventures, and others to build out its payments technology.
Poly Network Offers Hacker a Job, NFTs Support Afghan Families
Poly Network offers hacker a job. Hong Kong-based BIT Mining sees revenue surge. And an NFT fund offers care packages for displaced Afghan families. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Tax Software Firm TaxBit Value Tops $1B Unicorn Status
TaxBit, a crypto tax software provider for IRS and various institutional clients, raised $130 million in a Series B funding round that valued the startup at $1.33 billion.
Minneapolis Fed President Kashkari on Crypto Market: ‘Thousands of Garbage Coins’
CoinDesk’s Nikhilesh De discusses what to make of Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, criticizing bitcoin and cryptocurrency in general. “It’s just a signal of how much the central bank is paying attention to the industry,” De said.
Key Advisors Group Partner: ‘Bitcoin Has Tremendous Potential Upside’
Eddie Ghabour, co-owner and managing partner at financial planning firm Key Advisors Group, discusses his bullish outlook for bitcoin despite appearing to be stuck in a sideways range. “There is tremendous potential upside here where we are right now,” Ghabour said. Plus, his advice for investors looking to buy cryptocurrencies.
Bitcoin Showing Signs of ‘Short-Term Fatigue’ Near $50K
Bitcoin reveals signs of short-term fatigue near the $50,000 level and is also beginning to flag signs of profit-taking in the short term. Still, BTC is up about 60% year-to-date, thanks to a strong shilling by bullish traders throughout the first half of August.
The Role of Crypto and Blockchain in Geopolitical Conflicts
Amid the deepening crisis in Afghanistan, Jalak Jobanputra, founder of Future Perfect VC, discusses whether bitcoin could be a potential tool for financial freedom in geopolitical conflicts and how it could help empower young women and girls.
