CryptoPage - Crypto Newsletter - Issue 422

Crypto Daily News - Oct 10, 2022
 

Crypto Newsletter

 

ISSUE 422  October 11th 2022

 

  Crypto News  

 

SHIB Burn Rate Soars 395% as 155 Million Tokens Got Removed Last Week

The sum of Shiba Inu that was burned during the last week has dropped substantially, and it was low on a daily basis during that period, too. Still, today, the burn rate has shown a significant rise, according to Shibburn tracker.

u.today  Permalink

 

Russian Companies Are Using Crypto in Trade Despite Lack of Regulation, Officials Admit

With limited access to global finances, Russian businesses have begun settling in cryptocurrency with their partners abroad. Although these are still small-scale payments, government officials have noted their increase, which comes even before authorities have decided how to regulate these transactions.

bitcoin.com  Permalink

 

Turkey works hard to make İstanbul home to global blockchain hype

The people of the Turkish crypto ecosystem are very eager to apply the age-old words of wisdom, “The bear market is an opportunity to build,” to make İstanbul -the business hub of Turkey- home to the global hype surrounding Ethereum.

cointelegraph.com  Permalink

 

Is It A Good Idea To Invest In NFTs ?

According to recent reports, venture capital funds are investing millions of dollars in non-profit organizations (NFOs). In the month of May 2022, two of the most prominent cryptocurrency fund managers, Andreessen Horowitz and Paradigm, started making direct investments in NFTs.

coinpedia.org  Permalink

 

DeFi Lending Platform TrueFi Announces First Default on BUSD Loan

Earlier today, October 10, decentralized finance (DeFi) lending platform TrueFi issued a notice of default to Blockwater Technologies on missing a scheduled payment over its $3.4 million BUSD loan. Over the last week, the TrueFi credit group was trying to work out an out-of-court settlement. This included increasing the borrowing rate and extending maturity.

coingape.com  Permalink

 
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VC Monthly Report: Financing Amount in Nov. was only $840M, another record low

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Author: WuBlockchain According to the statistics of Messari, there were a total of 65 open investment projects of crypto VC in November, down 9% MoM (71 projects in October 2022) and 55% YoY (143