Newsletter for Thursday,14th October 2021

Vladimir Putin Says Yes to Crypto as Payment Methods

The Russian president, Vladimir Putin has accepted cryptocurrency’s role as a means of payment. In an interview with CNBC, He said that cryptocurrency has the right to exist, meaning that digital assets could be used to make payments. Furthermore, the president said that Crypto could serve as a settlement unit but he considers using it for the  payment for energy resources such as oil as still “premature” and he said some companies are working on it. Amid fears that Crypto could be used for criminal activity and money laundering, President Puttin statement has signalled tolerance for Crypto worldwide by investors and regulators .

TradingView Attains $3B Valuation With $298M Investment Round

Charting platform and social network Tradingview has secured a $298 million investment round led by Tiger Global valuing the company at $3 billion.

A 400% increase in accounts created and 237% increase in revenue in the past 18months were also recorded by the company according to the emailed announcement today.

The platform has paying customers in over 180 countries and aims to provide them with information and insight related to trading and investment in different assets like crypto and stocks.

IMF Says Banking Sector Under Pressure From Crypto Adoption, Warns Against Meme Tokens

The International Monetary Funds feels that Crypto has the potential to put pressure on the banking sector.

The IMF also caution against “meme tokens” such as Shiba Inu (SHIB) saying most crypto ecosystems come with “customer fraud and market integrity risks”. They also stated the high volatility of crypto market saying some of the tokens were created for speculative purposes and their prices were influenced highly by social media trends

Cardano Foundation Partners With Rival To Develop NFT Marketplaces

Cardano foundation has just partnered with Rival which is an eSport and Gaming platform. This aims to further push the adoption and implementation of the Cardano blockchain.

The Rival platform is a notable eSport and gaming brand that delivers unique and interactive platforms for loyal fan engagement.

 Creation and distribution of NFTS and NFT-based digital assets will be facilitated upon this partnership. Furthermore, it will facilitate the redemption of NFTs for goods and services and  market-based royalties could enter the Rival platform. 

Efinity to Become First on Polkadot Parachain Slot

On November 11, 2021, Polkadot will have its first parachain slot auction. This was disclosed by DOT Co-founders, Gavin Wood and Robert Habermeier according to Mymetaverse.

Efinity is a cross-chain NFT blockchain that provides ecosystem interoperability and incentives to anyone who interacts with NFTs as well as having a smooth user experience also

In view of the incoming auction, Polkadot is willing to offer the Efinity parachain slot when the time is due but it was not specified by Mymetaverse whether Efinity will be seen among the first batch of the auction or not.

Mymetaverse also  strongly believes that Efinity and Polkadot Network are now among the best projects in the NFT space at the moment.

Written by Abimbola Ayomide © Crypto University 2021