September 28, 2021 / Unchained Daily / Laura Shin
Daily Bits ✍️✍️✍️
Revolut is looking to launch its own token.
Nearly 1/3rd of Salvadorans are using the Bitcoin wallet Chivo, according to President Nayib Bukele.
Robinhood’s COO and CTO hinted that DeFi features could soon be available on the trading app.
Alibaba, a Chinese e-commerce company, will block sales of cryptocurrency mining equipment starting on October 8th.
Coinbase is rolling out a product that will allow customers to directly deposit their paycheck into a Coinbase account.
Ethereum researcher Vigil Griffith pleaded guilty at his trial for violating existing US sanctions by giving a talk in North Korea about crypto in 2019.
Immutable X, an NFT focused L2, raised $12.5 million in a token sale yesterday.
Bitfinex paid $22.875 million in gas fees during a single Ethereum transaction.
Facebook (disclosure: I have a Facebook newsletter) is investing $50 million to build the metaverse responsibly.
Nolan Bushnell, the founder of Atari, is launching an augmented reality NFT collection on Ethereum.
Binance customers in Singapore will no longer be able todeposit fiat, spot trade crypto, or purchase crypto.
Cardano’s commercial arm is investing $100 million into DeFi, NFT, blockchain education efforts on Cardano.
What Do You Meme?
Digital asset investment products are poppin’.
Despite a slew of regulatory headwinds last week, including China’s latest crackdown on cryptocurrency trading, SEC Chair Gary Gensler escalating his rhetoric regarding crypto regulation, and the US Treasury sanctioning a crypto exchange for the first time, digital asset investment products saw inflows totaling $95 million.
According to data compiled by CoinShares, the week ending September 24th (last Friday) was the sixth consecutive week of digital asset product inflows — the longest such streak since in nearly five months.
Interestingly, Bitcoin products were the most popular last week, accounting for $50 million of the inflows. Over the past 17 weeks — or roughly four months — Bitcoin has only seen inflows four times. Fittingly, Ethereum followed Bitcoin in inflows, wrangling $29 million in new investments.
Solana, an Ethereum competitor, did not perform as well this week. It appears that investor interest in the high-throughput blockchain is starting to wane. Funds exposed to the Solana blockchain saw only $3.9 million of inflows last week after bringing in $49 million just two weeks before.
For the year, investors have pumped over $6 billion worth of capital into digital asset-based products.
- CoinShare’s Meltem Demirors on cross-chain liquidity:
- a16z’s Katie Haun on stablecoin regulation:
- Mirror’s Andrew Hong on tokens and community:
On The Pod…
Fereshteh Forough is the founder and CEO of Code to Inspire, a coding school for girls in Afghanistan. She discusses her background as a refugee, how she uses crypto to fund the school and pay students, and how the US military’s departure has affected student life. Topics include:
- Fereshteh’s journey from refugee to computer science professor to founder and CEO of Code to Inspire
- what Code to Inspire offers to young Afghan women and what risks they take by getting an education
- how Code to Inspire success stories are changing the attitudes of student’s families and communities
- the importance of Afghan Hero Girl, a video game created by Code to Inspire students
- why crypto payments are a better alternative to PayPal and Western Union for Code to Inspire and its students
- how Code to Inspire and its students exchange crypto to fiat
- what the perception of crypto is in Afghanistan
- how the Taliban is stifling the education of women and how Code to Inspire is attempting to continue its curriculum
- how crypto companies can offer assistance to Code to Inspire
- what features and products Fereshteh thinks would help the crypto industry actually bank the unbanked
- how listeners can help Code to Inspire and where to find more information on Fereshteh
My book, The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze, is now available for pre-order now.
The book, which is all about Ethereum and the 2017 ICO mania, comes out Jan. 18. Pre-order it today!
You can purchase it here: http://bit.ly/cryptopians