Solana is getting more investment than Ethereum, crypto jobs are booming, and more news

Source: Adobe / Brad Pict

Get your daily, bite-sized roundup of crypto asset and blockchain news – and examine the stories flying under the radar of today’s crypto news.

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Investment news

  • After 3 months of average weekly outflows, net weekly flows into digital asset investment products averaged $ 72.8 million in September, the highest since May ($ 75.2 million), according to CryptoCompare data. Bitcoin (BTC) -based products saw the highest inflows from any asset, averaging $ 31.2 million per week. It was followed by Solana (SOL) at $ 17.8 million, overtaking Ethereum (ETH) ($ 10.9 million) in terms of net flows after its first investable product hit the market 21shares End of July. However, assets under management in BTC-based products fell 7.8% to USD 35.1 billion in September, while ETH-based products fell 3% to USD 13.5 billion.
  • Financial services company SBI group, Sygnum, and Azimuth group have launched up to $ 75 million. The fund’s investment strategy will primarily focus on Pre-Series A and Series A companies developing blockchain / distributed ledger technology infrastructure, decentralized financial solutions (DeFi) and regulatory technology tools.
  • Crypto cross chain browser wallet XDEFI has closed a financing round of USD 6 million. With the new funds, XDEFI will continue its expansion into new blockchains, they said.
  • Orlando Bravo, billionaire and co-founder of a private equity firm Thomas Bravo, stated that he owns BTC and is “very bullish” on the cryptocurrency according to Bloomberg. Bravo said he likes Bitcoin’s limited supply and that he sees more people using it in the future.
  • Zero hash, a digital asset infrastructure company, claims it has raised $ 35 million in new Series C funding. The investment round was led by Point72 Ventures Next NYCA partner, DriveWealth, and other.

Career news

  • on LinkedIn, US paid job postings with the keywords “cryptocurrency” and “blockchain” increased more than 600% year over year as of August 1 and nearly 400% year over year, Bloomberg reported. Job exchange CryptocurrencyJobs.co has seen nearly 1,500% growth in paid listings since last year. “Most opportunities can be found in the Ethereum ecosystem” as well as in ecosystems like Solana (SOL), Daniel Adler, founder of CryptocurrencyJobs.co, was quoted as saying. In addition, more non-crypto companies are looking for crypto talent, which is “unlike previous years when the demand for crypto talent was (almost) limited to crypto startups,” according to the report.
  • Tigran Gambaryan – the multibillion dollar cyber investigation involved in the US Internal Revenue Service (IRS) including on the Silk Road website and the Mount Gox chop – join Binance as vice president of global intelligence and investigation, the exchange said, adding that another former IRS special agent, Matthew Price, is coming on board as chief investigation director.

Security messages

  • Kraken Security Labs said it uncovered several hardware and software vulnerabilities in a commonly used cryptocurrency ATM: The General Bytes BATMtwo (GBBATM2). Several attack vectors have been found through the standard administrative QR code, Android operating system software, ATM management system, and even the machine’s hardware enclosure, they added.

CBDCs news

  • Payment giant Visa has developed a concept that shows how central bank digital currencies (CBDCs) can be interoperable with one another to make payments, called the Universal Payments Channel (UPC). The post discusses how different blockchain networks can be connected to each other to enable the transfer of CBDCs and how Visa can help in the future with the exchange of CBDCs on different blockchains.
  • the Bank of England (BoE) has announced the members of its engagement and technology forum, to which representatives from companies such as Asos, PayPal, and Spotifyto explore a potential CBDC in the UK. The agendas and minutes of the forum meetings are published regularly, the bank added.
  • the Reserve Bank of New Zealand (RBNZ) has announced that it will examine the possibility of issuing a digital currency. One of the benefits this would bring is its potential use as a monetary policy tool. A digital currency should support the New Zealand dollar “as our only unit of account” and be exchanged one-for-one for cash, it said, adding that “cash will last as long as some of us need it”.

Legal news

  • the US commission on commodity futures trading (CFTC) has brought charges against 14 companies for either failing to register as futures commission dealers or making false and misleading claims that they are CFTC registered and National Future Association (NFA) membership. Two companies claiming NFA membership even claim the same fraudulent ID number that actually belongs to someone who has passed away since 2006.

Regulatory News

  • Crypto exchange CoinJar was officially registered by the UK Financial Regulator (FCA) as a cryptoasset exchange provider and custodian wallet provider. The exchange will launch a number of new products in the UK this year, including a white label service for businesses that enables digital currency processing in the backend and the CoinJar Card Mastercard, which allows users to use their cryptocurrencies, such as cash, online and in-store, announced the company.
  • the Board of Directors for Financial Stability (FSB), an international body that monitors the global financial system and makes recommendations, has published its new Financial Stability Surveillance Framework, which supports “the comprehensive, methodical and disciplined review of vulnerabilities” by the FSB and helps identify emerging risks for financial stability. It also differentiates between global vulnerabilities that are currently significant, those that may become significant in the next 2 to 3 years, and those that could become material over a longer period of time.

Adoption News

  • The city in South Florida in the US is the first to accept cryptocurrency contributions that Miami Mayor Francis Suarez says could one day replace taxes, according to The Washington Post. The city cooperates with CityCoins, a non-profit that enables people to hold and trade cryptocurrencies that represent an interest in a community. Since the nonprofit launched MiamiCoin in August, it has sent about $ 7.1 million to Miami, while Suarez estimates the effort could generate up to $ 60 million over the next year.

Blockchain news

  • The Terra (LUNA) blockchain has completed Columbus-5, an upgrade that is expected to make the system work better with other networks. Users can now transfer assets between Terra and a number of other chains thanks to Terra’s use of the Inter-Blockchain Communication (IBC) standard, which facilitates the exchange of data between the networks that take it over.

NFTs news

  • The Czech Lobkowicz family, a Czech noble family from the 14th palace, according to Bloomberg. The collection of artifacts that are considered national treasures cannot be sold without government approval, so the family is selling related NFTs to fund the restoration of these pieces.

Mining news

  • Crypto mining company Argo blockchain has a sales contract for 20,000. closed Bitmain Antminer S19J Pro machines. They are expected to be shipped and installed in monthly batches at the company’s future facility in Texas from Q2 2022 through Q3 2022.

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