Senate mission on hazards of the cryptocurrency; BNP Paribas and the tokenization; War from metaverse; ledger goes to NFT, Bitcoin (BTC) picks up colors… Thecrypto news this week.
Cryptocurrency markets are still hesitant. Prices showed a recovery this week, as did the price of Bitcoin and Ethereum, carried by the impending merger or merger. The trend reversed again on the eve of the Fed’s announcements on key interest rates.
However, the financial markets appear to have been reassured by the policy of the US central bank, which confirmed a rise in interest rates. In the wake of the exchanges and especially the Nasdaq, Bitcoin regained the value it had given up the day before due to its strong correlation with the traditional exchanges. At the time of publishing this crypto recap, BTC is trading over $23,700 and ETH is flirting with $1,700.
Crypto or the Phantom Menace?
Between the deputy Aurore Lalucq and the crypto asset industry, the gun passages are frequent. The sector may have a different adversary within the French political class. the senator Nathalie Goulet tabled a motion for a resolution in the Senate.
This supports the creation of a senate mission on crypto assets, including an inventory. However, this is not to discuss the benefits of digital assets, but to discuss the dangers and illegal use. The senator is concerned about the “strong admiration” aroused by crypto-assets, “despite the lack of any regulation and their proven dangerousness”.
BNP Paribas wants to tokenize funding
Of course, Societe Generale is not the only international bank closely involved in the blockchainization of traditional market finance. For example, several branches work together with the Bank of France by working on digital currency.
This is the case of the group BNP Paribas, which has multiplied projects over the past two years. In 2022, the first European bank will even accelerate. In July she collaborated with EDF ENR in the context of the first tokenization of a bond intended for a renewable energy project. For custody, it also chose Metaco. Her ambition: to bring together traditional and digital assets.
Meta Vs Web3: The War Of The Virtual Worlds
Two radically opposite visions collide on the metaverse, supported by the actors of Web2 and Web3 respectively. In June, the ‘traditional’ digital giants gathered to establish common standards. Between these, MicrosoftSony or meta.
The web3 industry and open metaverse has chosen to set up its own standardization consortium in the form of a DAO. This is for theOpen Metaverse Alliance for Web3 to defend his view of the metaverse, in no way comparable to Meta’s. The advertising and personal data mining giant is sinking billions of dollars each quarter to settle in this sector. In the US, however, the regulator could put a spoke in its wheels.
Aptos and Variant are still raising money
Despite a clear delay in financing for the benefit of crypto industry companies, the channels have not completely dried up. This is evident this week from various blockchain projects, including that ofAptos. Founded by alumni of Meta (Facebook), the publisher is developing an L1 blockchain focused on “games, social networks, media and finance”. And it’s raising another $150 million this week.
Unstoppable domains also convinces with a rating that is now the billions of dollars. Domain name provider Web3 has raised $65 million, rising to the rank of unicorn. The decline in crypto asset prices should not overshadow the industry’s potential. The VC crypto Variant is a reminder of this with the creation of two new funds for a total amount of $450 million.
Ledger diversifies with an NFT marketplace
Diversification target for French crypto unicorn Ledger. The physical wallet manufacturer now has its own marketplace of non-functioning or NFT tokens. The marketplace was announced in June. It has now opened its doors.
To beat the recall, Ledger . distributed 10,000 Genesis passes in the form of NFTs and redeemable for a limited Black-on-Black edition of its flagship Nano X wallet. ‘opening.
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