Crypto

Summary: Crypto dangers, Ledger NFTs, BTC starts again and the war of the worlds… – Coins.fr

Senate Mission on the Dangers of Cryptocurrencies; BNP Paribas and tokenization; Metaverse war; Ledger enters NFT, Bitcoin (BTC) gains momentum… Crypto news of the week.

Cryptocurrency markets are still fluctuating. Prices have shown a recovery this week, as have Bitcoin and Ethereum prices, driven by the imminence of a merger or merger. On the eve of the Fed announcement on key rates, the trend changed again.

However, the financial markets seem to have calmed down the policy of the US central bank, which confirmed the increase in rates. Following the stock exchanges and, in particular, the Nasdaq, Bitcoin regained the value lost the day before due to the strong correlation with traditional stock exchanges. At the time of this cryptocurrency report, BTC is trading at over $23,700 while ETH is flirting with $1,700.

Cryptocurrency or Hidden Threat?

Arms interceptions are not uncommon between MP Aurora Laluc and the crypto asset industry. The sector may have another opponent in the French political class. Senator Natalie Goulet submitted a motion to pass the resolution to the Senate.

This supports the creation of a senatorial mission on crypto assets, including an inventory. However, this is not about the benefits of digital assets, but about establishing their dangers and illegal use. The senator is concerned about the “strong admiration” that crypto assets are generating, and this is “despite the lack of any regulation and their proven danger.”

BNP Paribas aims to tokenize finance

Societe Generale is, of course, not the only international bank showing great interest in the blockchainization of traditional market finance. As such, several institutions are collaborating with the Banque de France to work on a digital currency.

This is the case of the BNP Paribas group, which has increased the number of projects over the past two years. In 2022, the first European bank is even accelerating. In July, he partnered with EDF ENR on the first bond tokenization for a renewable energy project. He also chose Metaco for custody. Its goal is to combine traditional and digital assets.

Meta Vs Web3: War of Virtual Worlds

In the metaverse, two radically opposite visions collide, carried by the actors Web2 and Web3, respectively. In June, the “traditional” digital giants met to define common standards. Among them are Microsoft, Sony or Meta.

The Web3 and open metaverse industry decided to create their own standards consortium in the form of a DAO. This is for the Open Metaverse Alliance for Web3 to defend their vision of the metaverse, in no way comparable to the metaverse. The advertising and privacy giant spends billions of dollars every quarter to establish itself in the sector. However, in the US, the regulator can put spokes in the wheels.

Aptos and Variant are still fundraising

Despite the sharp slowdown in funding for companies in the crypto industry, the channels have not completely dried up. Several blockchain projects are demonstrating this this week, including the Aptos project. The publisher, founded by Meta (Facebook) alumni, is developing an L1 blockchain focused on “gaming, social media, media, and finance.” And it’s raising another $150 million this week.

Unstoppable Domains is also convincing with a valuation that now reaches one billion dollars. Domain name provider Web3 raises $65M, rising to unicorn status. Falling prices for crypto assets should not overshadow the potential of the sector. The VC Cryptocurrency reminds of this with the creation of two new funds totaling $450 million.

Ledger diversifies with NFT trading platform

Diversification goal of the French crypto unicorn Ledger. The physical wallet maker now has its own market for non-fungible or NFT tokens. The marketplace was announced in June. Now it has opened its doors.

To be ahead of the times, Ledger distributed 10,000 Genesis Passes as NFTs that could be redeemed for a limited Black-on-Black version of its flagship Nano X wallet. This collection of tokens quickly became popular, ranking first on OpenSea in terms of trading volume. on opening day.

Also not to be missed:

Every Sunday morning on Coins.fr you will find the “Cryptocurrency Review”, a section that contains the main crypto news of the week.

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