Daily Web3 Headlines You Need To Know
22 September #NFT #DeFi & Trading #Policy&Law
🖼 NFT
NFTs ‘biggest on-ramp’ to crypto in Central, Southern Asia and Oceania: Report
Nonfungible tokens (NFTs) may be the biggest driver of crypto adoption in Central, Southern Asia and Oceania (CSAO), a new report has found. According to a Wednesday Chainalysis post titled “Crypto Adoption Steadies in South Asia, Soars in the Southeast,” NFT-related actions accounted for 58% of all web traffic going to cryptocurrency services from this region in the second quarter of 2022…(Read More)
Ethereum NFTs Are Driving Crypto Adoption in Central and South Asia: Report
NFTs have become the biggest crypto on-ramp for countries in Central and Southern Asia, as well as Oceania, according to a report from Chainalysis on Wednesday. The blockchain analytics firm noted that, in Q2 2022, 58% of web traffic from these countries to crypto services was NFT-related…(Read More)
Naver and LINE launch NFT platform for K-pop fans
South Korea-based internet giant Naver Corp. launched its non-fungible token (NFT) platform, NOW.Drops, with LINE NEXT on Wednesday. The platform will let K-pop music fans create customized NFTs. NOW.Drops allows users to mint NFTs of their favorite musical acts that they crop out of the exclusive content on NOW., Naver’s live audio and video streaming service that features South Korean artists…(Read More)
📈 DeFi & Trading
Daily Bitcoin Exchange Outflows Hit $518 Million
According to the data published by Glassnode, an on-chain analytics platform, daily Bitcoin exchange outflows reached the level of $518.6 million on 20 September. With inflows of $489.2 million, net flows came in at -$29.4 million…(Read More)
‘Post Ethereum Merge Crypto Flows Indicate Continued Caution among Investors’
The inflow and outflow of investments into digital asset investment products in the past week indicate that investors are still cautious. This is according to the new digital asset fund flows report published by the digital asset management firm, CoinShares. According to the firm, cryptocurrency-based products recorded a total inflow of US$7 million in the past week, marking another week of low activity…(Read More)
Ethereum (ETH) Transactions Hit 1-Month High
While the price of Ethereum (ETH) has dipped substantially since The Merge went live last week, its network activity increased. The data from Glassnode shows that the total number of ETH transactions (7-day moving average) reached 47,982 yesterday, which is the highest level in one month…(Read More)
⚖️ Policy & Law
Nasdaq to Launch Crypto Custody Services for Institutions
Nasdaq (Nasdaq: NDAQ) has jumped into the cryptocurrency space with the launch of a digital asset services business that will initially offer custody solutions, the company announced on Tuesday. Dubbed Nasdaq Digital Assets, the platform is considering incorporating “liquidity and execution services” as well…(Read More)
Binance Gains MVP License from Dubai’s Virtual Asset Regulator
Binance has strengthened its position in the Middle East with a new Minimal Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA), the crypto exchange announced on Tuesday. The new license came after Dubai’s newly formed digital asset regulator granted a provisional license to the crypto exchange earlier in March.…(Read More)
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