Day: September 22, 2022

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The ETH Merge Had Little Impact on NFT Sales

In the weeks leading up to the Merge, NFT trading decreased overall, and this past week has been just slightly better. One of the industry’s top marketplaces, OpenSea, has seen $84 million of volume in the past seven days for Ethereum-based NFTs, a 5.3% increase from the week leading up to the Merge, according to data from DappRadar. The average weekly price for an Ethereum-based NFT on OpenSea stands at $199, a 14.5% decrease from the previous week. Source

Crypto Exchange Coinbase Granted Operating License in European Union’s Fifth-Largest Economy

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Crypto exchange Coinbase will begin offering its services in the Netherlands after winning approval to operate in the country, which has the fifth largest economy in the European Union. Coinbase says they are now the first major global crypto exchange to successfully register with the Dutch Central Bank, the central bank of the Netherlands. The achievement is part of the company’s continued expansion in countries outside of the United States. Nana Murugesan, Coinbase’s vice president of international and business development, says the approval illustrates how the company is working to…

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Uniswap Foundation to Distribute $1.8 Million in Grants to 14 Recipients – Defi Bitcoin News

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The Uniswap Foundation (UF), the group behind the decentralized exchange (dex) Uniswap, announced the first wave of foundation grants on Wednesday as it plans to distribute $1.8 million total, awarded across 14 grants. The UF announcement details that a touch more than $800K will be awarded to Uniswap Diamond, a project being constructed by GFX Labs. Uniswap to Disperse $1.8 Million to 14 Different Projects On September 21, the Uniswap Foundation announced the first wave of grants that aims to bolster the decentralized finance (defi) ecosystem and progress research and…

Push to Enhance CFTC’s Crypto Watchdog Role Gets a Boost in US Congress

The Senate legislation – introduced in August by the leaders of the Senate Agriculture Committee, Chairwoman Debbie Stabenow (D-Mich.) and senior Republican, John Boozman (R-Ark.) – is a relatively narrow effort to install the CFTC as a leading agency to oversee digital assets trading and to exercise new authority over crypto spot markets. Now, that effort has been joined in the House, shepherded by Rep. Sean Patrick Maloney (D-N.Y.), the chairman of the Commodity Exchanges, Energy, and Credit Subcommittee and also the Democratic Congressional Campaign Committee. Source