Warner Music partners with OpenSea, Druckenmiller sees ‘big role’ for cryptocurrency as central bank trust evaporates
The biggest news in the crypto world on Sept. 29 was investor Stanley Druckenmiller saying that cryptocurrencies are playing a big role as trust in central banks dwindles. Lark Davis claimed to have profited over $1 million from dumping low-cap cryptocurrency projects, and ZachXBT cite. Warner Music partners with OpenSea to enable artists to grow Web3’s fan base through NFT.
CryptoSlate Top Stories
Druckenmiller sees cryptocurrencies ‘big role’ as central bank confidence evaporates
Investor Stanley Druckenmiller said after the Bank of England bought £65bn of bonds to bail out the UK pension system. CBNCs As trust in the banking system dwindles, the public may turn to cryptocurrencies.
“I could see cryptocurrencies playing a big role in the Renaissance as people distrust central banks.
Oki DAO Moves to Raise Funds to Fight CFTC Lawsuit
In response to the CFTC’s complaint against the Ooki DAO, community members unanimously agreed to a fundraising plan to protect the DAO.
The Ooki DAO is considering withdrawing some funding from the Treasury Department, submitting a Gitcoin grant request for funding, and selling NFTs to support its legal defense.
ZachXBT claims crypto influencer Lark Davis made over $1 million in dumping crypto projects.
On-chain investigator ZachXBT has outlined eight instances in which Lark Davis allegedly promoted low-cap projects just to dump tokens on his followers.
10/ On November 9, 2021, Lark tweeted that he doubled his BMI rank.
It is quite possible that he has another wallet from his main wallet, but it is clear that he has not doubled his position from his main wallet.
(Unfortunately he blocked me months ago so I can’t ask him) pic.twitter.com/aTivN16rgd
—ZachXBT (@zachxbt) September 29, 2022
Research shows that Lark made over $1 million by promoting low-cap projects between February and November 2021.
Warner Music partners with OpenSea to give artists access to new Drops feature
warner music group partnership Use OpenSea to enable WMG artists to grow Web3’s fan base through NFTs.
Selected artists will have a personalized landing page on OpenSea and receive access to “drops products” where they can host limited edition projects.
Ethernity Soars 174% Ahead of Expected Announcement at Decentraland Meetup
The Ethernity chain has been an outlier in the market downturn over the past 24 hours after the ERN token posted a gain of over 174%.
ERN price surge Ethernal Lab Headquarters In the Decentraland metaverse on September 29th.
The SEC charges Hydrogen with profits of more than $2 million from market manipulation.
Market-making firm Hydrogen is in a legal battle with the SEC over alleged collusion with South Africa-based Moonwalker to manipulate the price of unregistered Hydrogen tokens.
Defendants are said to have deliberately inflated Hydro’s trading volume and cashed out more than $2 million from investor funds.
Crypto Utilities Driving Adoption in Sub-Saharan Africa – Chainalysis
Of the $100.6 billion worth of cryptocurrency transactions recorded in Sub-Saharan Africa between July 2021 and June 2022, 80% of transactions were retail transfers of less than $1,000.
Despite having the lowest remittance volume among the countries analyzed by chainalysis, Sub-Saharan Africa still has the highest usage of small-value retail payments and P2P exchanges.
Sweden’s central bank tests CBDC for retail and cross-border payments
The central bank of Sweden, in partnership with the Bank for International Settlements (BIS), is testing a CBDC “e-krona” for cross-border payments between Israel and Norway.
The central banks of Israel and Norway will connect their CBDC systems to Sweden’s e-krona platform,project icebreaker” experiment.
Facebook and Instagram to offer NFT functionality to all US-based users
Meta has finally opened up its NFT functionality to all US-based users. Creators and collectors can connect their digital wallets and share her NFT collection on Facebook and Instagram.
Users will not be charged for cross-posting or sharing NFT Collections.
News around Cryptoverse
Wells Fargo rates Coinbase as underweight
Wells Fargo has assigned an Underweight Stock Recommendation to Coinbase Global (COIN) Stock. CNBC report.
Analysts at a major bank expect COIN shares to fall below $57 as crypto winter pressures and increased competition among crypto exchanges continue.
Amule protocol goes live on mainnet
Amulet, a Solana-based risk protection protocol, today announced its mainnet launch.
The protocol is designed to provide advanced revenue protection for digital assets via Protocol Controlled Reserves (PCR).
crypto market
Over the past 24 hours, Bitcoin has fallen 2.38% to trade at $19,474, while Ethereum has fallen -1.17% and is currently trading at $1,333.
