“I realized I had misspoken there… We have no intention to ban cryptocurrencies” - Jerome Powell, Chairman of the US Federal Reserve to Congress (regarding Powell’s statement on a Central Bank Digital Currency replacing cryptoassets)
News
Artblocks Ringers #109 NFT sells for 2100 ETH or $6.9 million
Bitcoin daily Hash Rate recovers to the highest level since China outlawed mining
NFT exchange, OpenSea transacts another $3 billion in sales volume during the month of September
NFT based Play-to-earn game, Axie Infinity on track to generate $2.7 billion in annualized revenue
Axie airdropped $60 million of their token to users to launch staking program
Mayor of Cool Valley Missouri funds a program to give $1000 of BTC to each household in the town
Global Crypto Adoption Report - triple A Report
300 million crypto users worldwide (India leads with 100 million users)
18,000 businesses accept crypto for payment
Decentralized Finance & Crypto News
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Three DeFi protocols are generating over $100 million in annualized revenue
NFTfi launches DeFi loans collateralized by NFTs
Take crypto loans out against NFTs to use in DeFi
Bacon protocol launches a decentralized exchange for real estate mortgages
Convert a mortgage into an NFT (used as collateral in other DeFi markets)