❌KuCoin to Ban All Chinese Users by the End of 2021

Cryptocurrency exchange KuCoin has announced on Sunday that all of its users from mainland China have to withdraw funds from the platform until Dec. 31.

https://cryptonews.net/2069433/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

🙈IMF warns of global risks from unregulated cryptocurrency boom

Greater financial instability, fraud and funding of terrorism likely unless governments toughen supervision, fund says

The blog said: “Given the composition of their reserves, some stablecoins could be subject to runs, with knock-on effects to the financial system. The runs could be driven by investor concerns about the quality of their reserves or the speed at which reserves can be liquidated to meet potential redemptions.”

https://www.theguardian.com/business/2021/oct/01/imf-warns-of-global-risks-from-unregulated-cryptocurrency-boom

Grayscale adds Solana and Uniswap to the Digital Large Cap Fund Trust

Digital asset management company Grayscale Investments has included the Solana cryptocurrency (SOL) and the native token of the Uniswap decentralized exchange (UNI) in the Digital Large Cap Fund trust.

https://twitter.com/Grayscale/status/1444061100908204033?s=20

Polygon briefly overtakes Ethereum for active addresses after 330% surge

Layer-two aggregator Polygon has seen a 330% surge in active addresses over the past three months.
The number of daily active unique addresses on layer-two aggregator Polygon has surpassed those on the high-fee layer-one Ethereum according to Polygon co-founder Mihailo Bjelic

https://cointelegraph.com/news/polygon-briefly-overtakes-ethereum-for-active-addresses-after-330-surge

Joe Biden: US Bringing 30 Countries Together to Stop 'Illicit Use of Cryptocurrency'

President Joe Biden says that the U.S. will bring together 30 countries to stop “the illicit use of cryptocurrency.” The United States is “partnering closely with nations around the world” to respond to the cybersecurity threats, Biden further said.

Further details on the news

📈Glassnode: Hashray, BTC Mining Difficulty, Miners' Revenues continue to recover

JUST IN: Bank of America's crypto research team has launched its first report

Link to the research: https://newsroom.bankofamerica.com/content/newsroom/press-releases/2021/10/bofa-global-research-launches-coverage-of-digital-assets.html

BTC broke the 50k level
Again💪

📈Santiment: miners continue to actively accumulate ETH

📊These Charts Show The Next Bitcoin Bull Run Isn’t Stopping At $100K, But Far Beyond

Analysts are bullish over the BTC price performance in Q4 2021 and expecting $100K price levels. Crypto analyst Lark Davis shares multiple charts showing that the Bitcoin price rally isn’t just stopping just at $100K but will go far beyond.

The Bitcoin Stock-to-Flow model from PlanB shows that BTC will rally to a minimum of $135K by the end of December 2021.

https://coingape.com/the-charts-show-the-next-bitcoin-bull-run-isnt-stopping-at-100k-but-far-beyond/

US Bank Launches Cryptocurrency Custody Services Amid Strong Demand From Institutional Clients

US Bank has launched its cryptocurrency custody services. “Investor interest in cryptocurrency and demand from our fund services clients have grown strongly over the last few years,” the bank said.

U.S. Bank announced Tuesday that its cryptocurrency custody services are now live and available to its Global Fund Services clients.

U.S. Bancorp, with nearly 70,000 employees and $559 billion in assets as of June 30, is the parent company of U.S. Bank, the fifth-largest bank in the country. The Minneapolis-based company serves millions of customers locally, nationally, and globally. U.S. Bank Wealth Management and Investment Services has more than $8.6 trillion in assets under custody and administration and $282 billion in assets under management globally as of June 30.

https://news.bitcoin.com/us-bank-launches-cryptocurrency-custody-services-strong-demand-institutional-clients/

💡Call for Ideas: YFI Tokenomics Revamp

YFI is up to any suggestions.

“With the renewed interest in YFI tokenomics in recent days and the v3 protocol development still being in the phase when it’s malleable enough, it might be a good time to properly tie the two together.
Everything is on the table, be it token split, liquidity mining, tail emission, veCRV-style lockups.
If you started YFI right now, how would you structure it?”

You can read more and submit you suggestions here

SEED SHO AMA —
Warena

Place: https://news.1rj.ru/str/daomaker
Time: 7h of October 10:00 AM UTC

Tune in to learn about this new interactive metaverse!

Full Research Page: https://daomaker.com/company/warena

Socials:
Twitter: https://twitter.com/warenaofficial
Telegram: https://news.1rj.ru/str/warenaofficial
Website: https://www.warena.io/

Biconomy Token Sale on CoinList

Biconomy is the multi-chain transaction infrastructure for making Web 3.0 frictionless and mainstream.

The sale begins on October 14, 17:00 UTC and has two public options:

Option 1
• Supply: Up to 40,000,000 BICO tokens
• Price: $0.25 per token
• Lockup & release: 3-month linear release, starting around November 23, 2021

Option 2
• Supply: Up to 10,000,000 BICO tokens
• Price: $0.15 per token
• Lockup & release: 10% unlock on or around November 23, 2021, followed by a 6-month cliff, and following that 6-month monthly release

The registration deadline is October 11, 2021 at 23:59 UTC

Registration

✅Function X (FX), Jasmy (JASMY), tBTC (TBTC) and Wrapped Centrifuge (WCFG) are launching on Coinbase Pro

https://blog.coinbase.com/function-x-fx-jasmy-jasmy-tbtc-tbtc-and-wrapped-centrifuge-wcfg-are-launching-on-coinbase-5774fa7e9295

🤝MoneyGram Announces Innovative Partnership with the Stellar Development Foundation to Utilize Blockchain Technology

Partnership enables digital wallets connected to the Stellar network to access MoneyGram’s global retail platform, providing a bridge between digital assets and local currencies for consumers

https://www.stellar.org/press-releases/moneygram-announces-innovative-partnership-with-the-stellar-development-foundation-to-utilize-blockchain-technology

😳Glassnode: total BTC balance on exchanges = minimum since January 2018

🐶Crypto billionaire Mike Novogratz says sky-high NFT prices are not normal and investors should be taking money off the table

Novogratz said he was bullish about the prospects for NFTs – collectible items secured using crypto technology – but startled about the recent run-up in prices. “Markets don’t go straight up forever,” he said

https://www.businessinsider.com.au/mike-novogratz-nfts-prices-not-normal-crypto-rally-cryptopunks-2021-10

George Soros' Fund Holds Bitcoin, CEO Says Cryptocurrency Has Gone Mainstream

Soros Fund Management, the asset management company founded by billionaire investor George Soros, has invested in bitcoin, the fund’s CEO, Dawn Fitzpatrick, revealed in an interview with Bloomberg, published Tuesday.

Fitzpatrick is both the CEO and chief investment officer (CIO) of Soros Fund Management. She is the first person to hold both noscripts.

https://news.bitcoin.com/george-soros-fund-holds-bitcoin-cryptocurrency-gone-mainstream/

📝The SEC just approved the closest thing to a US bitcoin ETF you can buy, for now

A new exchange-traded fund may be as close as investors can get to having a US bitcoin ETF — at least for now. 
The US Securities and Exchange Commission has approved Volt Equity's ETF, which aims to track companies that hold a majority of their net assets in bitcoin or derive a majority of their profit or revenue from bitcoin-related activities like mining, lending, or manufacturing mining equipment, Tad Pak, CEO of the fund, told Insider.

https://www.google.com.ua/amp/s/www.businessinsider.com/bitcoin-etf-exchange-traded-fund-sec-cryptocurrency-volt-sec-gensler-2021-10%3famp

🔎Bakkt Partners with Google to Introduce Digital Assets to Millions of Consumers


Additionally, Bakkt has selected Google Cloud as a preferred cloud provider and will market its solutions powered by Google Cloud to leading retailers and merchants in the United States.
Bakkt also plans to build new analytics along with artificial intelligence (AI), machine learning (ML), and geolocation functionality on its platform to draw out deep, location-aware business insights leveraging Google Cloud’s industry-leading tools. These insights will provide Bakkt consumers with expanded loyalty redemption options while providing Bakkt partners with valuable consumer behavior patterns powered by Google Cloud infrastructure.

https://www.businesswire.com/news/home/20211008005265/en/Bakkt-Partners-with-Google-to-Introduce-Digital-Assets-to-Millions-of-Consumers