Newsletter for Friday, 15th October 2021

Written by Ayomide Abimbola

October 15, 2021

Newsletter for Friday, 15th October 2021

 

Huobi Global Burned $38.88 Million Worth of Tokens in September, up 11.60% from August

One of the world’s leading digital asset exchanges, Huobi Global, announced today that it burned three million Huobi Tokens (HT) in September, valued at approximately $38.88 million. From January to September this year, Huobi Global burned approximately $582 million worth of HTs.

The latest HT monthly operation report shows that the average price of HT burned was about 12.94 USDT and the deflation rate reached 1.29% in September. Today, October 15, 2021, there is a total of 216.61 million HTs, with 171.77 million in public circulation.

The Director of Global Strategy at Huobi Global, Jeff Mei said “We’re glad to see HT is maintaining the high deflation trend in previous months, which has largely been realized through our global expansion efforts.” 

He also said “To provide better services for our international users, we’re hiring local talents around the world and aiming for a global headcount of 3,000 this year.” Derivatives Product

The exchange is looking forward to launch several products and initiatives as it is pursing its global expansion.

Huobi Global launched Huobi Derivatives Warrant on September 3rd, this allows traders to choose multiple types of options corresponding to different market conditions.

Also, as of  September 2021, Huobi has listed 121 assets for USDT-margined swaps, 103 of which support cross-margin mode and cover popular assets such as NFT, DeFi and Polkadot.

 

 

Nasdaq listing hints that the SEC may soon approve ETF application from Valkyrie

 

According to a notice from SEC today, the agency accepted the registration request for shares of  Valkyrie’s Bitcoin Strategy ETF (Exchange-traded fund) for listing on Nasdaq. Eun Ah Choi, the Vice-President of listing qualification certified Valkyrie’s Bitcoin ETF shares listing on the Exchange.

October 25th is the deadline for the SEC to officially approve Valkyrie’s ETF application. The federal agency is also considering applications for Bitcoin futures ETFs from VanEck, Invesco, ProShares, and others.

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Bank of Russia to assess Bitcoin holdings volumes as $36B leave banks

Despite the Russian President, Vladimir Putin view of crypto as a potential unit of account, the bank of Russia remains skeptical about it and they are beginning to evaluate the amount of Bitcoin held by Investors. This is because Investors are withdrawing huge amount of money from the bank and are not returning it but instead venturing it into Crypto.

The head of central bank financial stability department, Elizaveta Danilova said “We need to work both on data and raising public awareness about the risks of such investments, which are backed by nothing” in a Reuters interview published on the Bank of Russia’s official website on Thursday.

She argued that there is lack of transparency in Cryptocurrency market not just in Russia but also in other jurisdiction. High risks of crypto derivatives like Bitcoin futures or exchange-traded funds were also pointed out by her.

A survey carried out by  Russia’s Association of Forex Dealer showed that 77% of Russian investors prefer Bitcoin to traditional investment instrument like Gold.

LOS ANGELES LAKERS ANNOUNCE OFFICIAL SPONSORSHIP WITH SOCIOS.COM

The Los Angeles Lakers has announced a new official team sponsorship with Socios.com, the leading global blockchain provider for the sports and entertainment industry.

 Socios.com will be the presenting sponsor of the Los Angeles Lakers Facebook Group, where die-hard fans live and breathe all things Lakers starting with the 2021–22 season. 

As long as you are a member of the official fan group, you can chat, post and view content from other fans as well as attend virtual event, these are done by  Socios.com. The Blockchain provider for sport and entertainment industry will also be featured across the Lakers Twitter polls, allowing fans to vote on a variety of team focused topics. Driving brand awareness for Socios.com will be supported by leveraging highly visible TV signage.

The CEO of  Socios.com, Alexandre Dreyfus said “The Los Angeles Lakers are one of the most prestigious brands in sport and I’m thrilled to be working with them as Socios.com rapidly expands into the U.S. market. What an awesome way to round off another great incredible week of growth.

“We’ve laid down some really significant foundations to take fan engagement to the next level in U.S sport and we couldn’t be more excited about what’s to come next.”

Socios.com has major global expansion plans and will increase their existing presence in Europe as they target many more Fan Token launch in the USA, Asia and South America with the world’s leading sporting properties. 

Buy LUNA, SHIB and SOL Tokens Directly Using Your Credit/Debit Card

The Cryptocurrency Exhange Binance has announced the purchase of Luna coin, Shiba Inu and Solana using Credit/Debit cards but users must be verified in order to do this.

New fiat currencies available for SOL token purchase are ARS, BRL, COP, MXN, UAH.

New fiat currency  available for SHIB token purchase is UAH.

New fiat currency available for LUNA token purchase is BRL.

Written by Abimbola Ayomide © Crypto University 2021

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