Robinhood launches crypto wallet with no transaction fees, Bitcoiner maximalist – Crypto Watch

Since the launch of Bitcoin in 2008, Crypto has presented an endless amount of white space with imaginable and unimaginable market opportunities, often with mobile at the center of Art in Gaming. S3922

First wave of grants from the Uniswap Foundation!

This first round of grants totals approximately $1.8 million, spread over 14 grants. Some grants were awarded a few months ago and have already ended, while others were approved more recently and fall into three categories:

  • Protocol Growth is a data analysis tool that extracts data from the Uniswap subgraph into a CSV file.
  • Community Growth, a Uniswap v3 development course, and events in Latin America, Africa, and Canada.
  • Governance Stewardship, a deep dive into the state of the Uniswap delegation, which will be translated into a series of recommendations for improving governance.

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MetaOne, a one-stop-shop for dapps

AAG has launched a new decentralized application marketplace with over 1100 dapps, MetaOne dApp Store, designed to simplify the integration of NFT projects and metaverse products. this ambitious project seeks to become a one-stop shop for all things crypto, going beyond games and decentralized exchanges. Focusing on the vision of a community-driven ecosystem, MetaOne dApp Store excludes any high-risk dApps, scams or potential ponzi schemes. Users are also guaranteed to land on the right website to avoid phishing scams.

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Stats by DUNE

  • 2.5 million wallets are active daily on the Web3.
  • Binance, Solana, Polygon, and Ethereum wallets account for over 80% of these daily active users.
  • The centralized exchanges manage around 100 million active wallets in total.
  • The average DEX trade size has increased from $8,000 to $1,400.
  • NFT buyers outnumber DEX traders by approximately 35:1 over the past 6 months, but the volume traded is roughly equal between the two groups.
  • NFT transaction volumes have fallen by 97%
  • 40% of NFT buyers use Solana. Since Solana’s average NFT is worth 10% of Ethereum’s average NFT, Ethereum retains 90% of the traded value of the NFT.
  • L2s (Arbitrum & Optimism) represent 30-40% of all transactions on Ethereum, but only consume 2% of the total gas
  • Developers push around 300,000 smart contracts to Ethereum each month, a figure that has remained stable for the past five months.
  • Around 5,000 developers push code to web3 every week, down 20% since the start of the year.
  • Web3 companies (excluding L1s) started trading at multiples similar to their Web2 counterparts.
  • Web3 multiples are increasingly correlated with revenue.

Europe: widespread adoption of digital currency

The European Central Bank (ECB) is analyzing options for integrating decentralized ledger technology (DLT) into existing payment settlement systems, Fabio Panetta, executive member of the ECB’s board, said in a speech. delivered on Monday at a symposium in Frankfurt devoted to the subject of regulations. If stablecoins and central bank digital currencies become more widely adopted, the ECB will seek to bridge existing European real-time payment systems or its own digital euro. Bankers see the greatest potential in the large daily wholesale transactions that take place between banks internationally due to the existing complications of cross-border and cross-currency payments. The ECB, which exists in part to ensure a stable euro, is wary that large blockchain networks exist primarily in areas outside of Europe, raising concerns about strategic autonomy.

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Hacker steals $950,000

The hacker stole 732 ETH on September 25 and sent it directly to sanctioned cryptocurrency mixing service Tornado Cash. it will have been mixed with other cryptocurrencies and withdrawn to the hacker’s own wallet. The exploit was made possible thanks to the recent custom address weakness that was detected on GitHub in January. A personalized address is a cryptocurrency address designed in a certain way, often to feature a pattern or word in the address, similar to a personalized license plate on a car. Many personalized addresses have been created using a tool called Profanity, but this remains sensitive. Earlier this month, $3.3 million was taken from several Ethereum addresses that had used Profanity.

Maximalist Bitcoiner

In 2014, the co-founder of Ethereum Vitalik Buterin invented a concept, that of “maximalist bitcoiner”. In its simplest sense, the maximalist bitcoiner is an individual who defends bitcoin tooth and nail against the rise of other cryptocurrencies that he calls altcoin (or “shitcoin”). But by digging a little deeper into the concept and the philosophy behind it, we understand that the movement is much deeper.

Some even call themselves “Satoshi’s soldiers” in reference to the founder of bitcoin, Satoshi Nakamoto. BFM Crypto went to meet this community in France, with in particular testimonials from Gilles Cadignan and Yorick de Mombynes. If the community of maximalist bitcoiners has grown over the years, certain trends are also emerging such as “toxic” maximalist bitcoiners who, through their hateful and conspiratorial messages, can be a brake on the adoption of bitcoin.

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Crypto Markets Are Stabilizing

Global markets are operating in one of the most volatile macroeconomic environments in decades. Last week, the Fed raised interest rates another 75 basis points and while the move was widely expected, traditional risk assets saw a strong sell-off with the S&P 500 hitting yearly lows. The US dollar’s surge to multi-decade highs has added volatility to global equities, hitting EU and UK markets particularly hard. On Monday morning, BTC and ETH actually recouped some of their losses following the dramatic post-merger selloff, although a strong dollar historically bodes ill for the crypto.

There were major updates this week on the crypto regulatory front: US lawmakers proposed a two-year ban on algorithmic stablecoins, the EU finalized the text of its crypto regulatory framework and a judge ordered Tether to produce records showing support for USDT.

FTX to buy the assets of Voyager Digital

FTX, the bitcoin exchange founded by billionaire Sam Bankman-Fried, is set to buy the assets of Voyager Digital after winning a bankruptcy auction. FTX’s offer was valued at around $1.4 billion, the companies said in a statement late Monday.

Voyager filed for Chapter 11 bankruptcy in July after a tumultuous drop in digital currency prices prevented it from repaying customer withdrawals. The company’s demise stems in part from the collapse of Three Arrows Capital, a so-called hedge fund that took out loans from other institutions, like Voyager, to make risky bets on tokens, including the collapsed stablecoin terraUSD. In June, 3AC defaulted on loans from Voyager worth $670 million.

California and New York pass new regulations

In August, the California Senate passed a bill requiring new licenses for cryptocurrency companies operating in California. Due to these licensing requirements, the bill prohibits California entities from trading stablecoins that are not bank authorized and fully backed by secured reserves or the California Department of Financial Protection and Innovation. The California bill also requires that any stablecoin that a bank does not issue, have proven reserves, and have not yet received a license from the state of California cannot be traded in the State. This means that most existing stablecoins would essentially be banned from trading in California.

California Governor Gavin Newsom has yet to sign the bill, but if he does, it will go into effect in January 2025.

New York passed a BitLicense bill in 2015 that set a precedent for state-level governance over cryptocurrency instead of a lack of federal regulation. Popular crypto exchanges, such as Crypto.com and Binance.US do not offer their services to New York residents.

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Revolut wins FCA registration to offer crypto services

The digital banking service, valued at $33 billion, was added to the British financial watchdog’s register of crypto-asset companies on Monday. The company has around 20 million customers worldwide and offers exposure to around 80 crypto assets. Revolut offered to buy, sell and trade crypto in the UK under the FCA’s Temporary Registration Scheme, or TRR, which was put in place to allow businesses to continue operating during the examination of their requests.

Revolut has agreed to a number of guidelines designed to ensure that it has the necessary systems and controls in place to meet the requirements of money laundering regulations.

Unified crypto and fiat cash for businesses

This is what the startup Nilos offers, Pay, track and reconcile your crypto wallets and your fiat accounts on the same platform. Having a one-stop-shop to manage all your crypto/fiat financial operations, the startup spoke to 30 web3 companies helping brands launch NFTs. Here are their 5 financial challenges.

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Robinhood launches crypto wallet with no transaction fees, Bitcoiner maximalist – Crypto Watch


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