Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
☕️The Morning Cup: Apple accepts listed app to sell NFTs; Interpol is after Terra’s Do Kwon; SOL dropped as the network went offline
Good morning, good day, and good evening. Welcome back to The Morning Cup. It’s your weekly recap of the latest in crypto news and your start to the week, no matter where you are. Don’t worry, we’ve selected just what you need to stay up-to-date, so you won’t spend time pouring through the news you don’t need, only the news you care about.
So what happened this week?
Another calm week only with SOL dropped as the network went offline
Another day of calm in the crypto market with no important events as the market briefly reclaimed a trillion dollar market capitalization. Bitcoin (BTC) is now trading at $19,168 while Ethereum (ETH) is at $1,294 at the time of writing. Meanwhile, Solana (SOL) took a hit last Friday since a misconfigured node caused the network to stop processing transactions and go offline. The network has since resumed operation. SOL is currently trading at $32.3 as of press time, down 1.63% in the past 24 hours. As for the top 24-hour gainers on Poloniex, they are FUND/USDT, SUN/USDT, TRU/ TUSD, XLMBEAR/USDT, POL/USDT, JST/USDD.
Apple allows NFTs to be bought and sold on App Store
More big firms are tapping into Web3 technology. Apple last week allowed apps listed on the App Store to sell NFTs as long as it still gets the same 30% cut of in-app sales, according to The Information. Meanwhile, the Walt Disney Company is recruiting a principal counsel specializing in NFTs, the Metaverse, blockchain technologies, and DeFi to assist the company in exploring the possibility of digital innovations and providing a legal perspective. Apart from the tech and entertainment giants, Walmart, the retail giant, has launched two virtual platforms, dubbed Walmart Land and Walmart’s Universe of Play. Both platforms exist on Roblox, a non-blockchain gamified virtual world and allow users to dress up their avatars and play minigames to earn tokens and badges as well as collecting products and characters from various franchises.
The Information, Blockworks, Decrypt, Fortune
Interpol issued a “Red Notice” to track down Terra’s Do Kwon
South Korean officials last Monday revealed that Interpol has issued a Red Notice to request law enforcement worldwide to arrest Do Kwon, the 31-year-old founder of blockchain platform Terraform Labs. A Red Notice is a request to global law enforcement to locate and provisionally arrest a person pending extradition, surrender, or similar legal action. In other words, the whole world is tracking Do Kwon down since he has been accused of fraud by investors in the wake of the collapse of the stablecoin TerraUSD (UST), and its sister token Luna (LUNA) in May with an estimated $42 billion loss globally. This, in turn, caused the failure of several major crypto companies including US crypto lender Celsius and Singapore-based crypto fund manager Three Arrows Capital (3AC). According to BBC Korean, Interpol’s latest action was taken after receiving a request from South Korean prosecutors. Prior to Interpol, a South Korean court issued an arrest warrant a month ago for Do Kwon and five other people, who were accused of being linked to the imposition of the aforesaid tokens. The South Korean authority said that Do Kwon was “on the run” and asked the foreign ministry in Seoul to revoke his passport. However, Do Kwon denied hiding, but he has never revealed his whereabouts on his Twitter account.
Do Kwon 🌕 on Twitter: "I am not "on the run" or anything similar - for any government agency that has shown interest to communicate, we are in full cooperation and we don't have anything to hide / Twitter"
I am not "on the run" or anything similar - for any government agency that has shown interest to communicate, we are in full cooperation and we don't have anything to hide
Yonhap News, The Wall Street Journal, BBC
Solana is back online after suffering another major outage
Solana is back online after suffering an outage last Friday that stopped nodes from processing transactions. According to a Solana validator operator, the issue seems to be caused by a misconfigured node, which caused the network to stop processing transactions and go offline last week. Dubbed an “Ethereum killer”, Solana is a popular blockchain for minting NFTs and deploying dApps and is now the number three Proof-of-Stake blockchain by market cap behind Ethereum and Cardano.
Solana Status on Twitter: "Validator operators successfully completed a cluster restart of Mainnet Beta at 7 AM UTC.Network operators an dapps will continue to restore client services over the next several hours. / Twitter"
Validator operators successfully completed a cluster restart of Mainnet Beta at 7 AM UTC.Network operators an dapps will continue to restore client services over the next several hours.
New Listings on Poloniex
Here’s what we’ve listed recently:
New Coins
⭐️Santos FC Fan Token (SANTOS)
Futures
Polopedia
Take a look at our Polopedia articles this week, covering Chainlink (LINK) and briefly covering the concepts behind futures trading.
Crypto Glossary
For this week, we are going to explain the most popular term, HODL, in the crypto world.
So, what is HODL? It’s the warping of the word “hold” which originally came from a BitcoinTalk forum back in 2013 when a user misspelled the title and said: “I AM HODLING.” Since then, the term retrofitted to be an acronym for “Hold On for Dear Life” to describe investors who “hodl” the cryptocurrencies instead of selling them no matter what, so these strong believers are also dubbed as “hodlers”.
What’s happening here at Poloniex?
This is what Poloniex’s week looked like
Highlights for the week
Campaigns
Our recap of ongoing campaigns that YOU can get involved in!
Become a Poloniex KOL to Win a Commission of up to 60% and Share 10,000 USDT (10/1–12/31/22)
Become a Poloniex KOL to Win a Commission of up to 60% and Share 10,000 USDT
SANTOS Listing Giveaway: 2,000 SANTOS and 10,000 USDT up for Grabs! (9/27–10/11)
SANTOS Listing Giveaway: 2,000 SANTOS and 10,000 USDT up for Grabs!
Poloniex Launches Zero-Fee USDD Trading (ONGOING)
Poloniex Launches Zero-Fee USDD Trading
Poloniex Feedback Bounty Program (ONGOING)
Poloniex Exchange on Twitter: "We want to give a big shout-out to our users for making Poloniex better and remind that Feedback Bounty program is in full swing!🎁 Win from $50 to $1000 USDT by leaving your feedback on how we can improve your experience and our service.Participate👉https://t.co/7Z85cMx3BE pic.twitter.com/dh47zMH2Zy / Twitter"
We want to give a big shout-out to our users for making Poloniex better and remind that Feedback Bounty program is in full swing!🎁 Win from $50 to $1000 USDT by leaving your feedback on how we can improve your experience and our service.Participate👉https://t.co/7Z85cMx3BE pic.twitter.com/dh47zMH2Zy
👩🚀Space Traveller Program
We had a great AMA with one of our Space Travellers, CryptoHamster, in our Telegram group!
Poloniex Exchange on Twitter: "🔥AMA with Excellent Space Traveller @CryptoHamsterIO starts in 1 hour!📆 CryptoHamster will show us his experiences in earning commission while referring #Poloniex 📍Venue: https://t.co/uAfLsHjqVO#Polospacetraveller #referral @PoloSpaceTravel pic.twitter.com/IDceQ8gGqc / Twitter"
🔥AMA with Excellent Space Traveller @CryptoHamsterIO starts in 1 hour!📆 CryptoHamster will show us his experiences in earning commission while referring #Poloniex 📍Venue: https://t.co/uAfLsHjqVO#Polospacetraveller #referral @PoloSpaceTravel pic.twitter.com/IDceQ8gGqc
The community megaphone📢
Highlights from the community
Poloniex Exchange on Twitter: "Which one is false? 🧐Write down in the comments to win 100 USDT! 🎁💥 Santos was founded in 1912💥 Pelé played for Santos💥 White and black Logo colors are symbolic of peace and prosperity✅ Follow @Poloniex & @SantosFC✅ RT✅ Tag 3 friends📅 DDL: 11 October (UTC) pic.twitter.com/JjPE9sGJkz / Twitter"
Which one is false? 🧐Write down in the comments to win 100 USDT! 🎁💥 Santos was founded in 1912💥 Pelé played for Santos💥 White and black Logo colors are symbolic of peace and prosperity✅ Follow @Poloniex & @SantosFC✅ RT✅ Tag 3 friends📅 DDL: 11 October (UTC) pic.twitter.com/JjPE9sGJkz
Poloniex Exchange on Twitter: "Learn about @SantosFC to win $50! 💰1⃣ Follow @Poloniex & @SantosFC2⃣ RT & Tag 3 friends3⃣ Complete the tasks: https://t.co/lTehIID91e📅DDL: 10 October, 2022#poloworldcup #polofantoken #Santos https://t.co/ZPAurlCHkc / Twitter"
Learn about @SantosFC to win $50! 💰1⃣ Follow @Poloniex & @SantosFC2⃣ RT & Tag 3 friends3⃣ Complete the tasks: https://t.co/lTehIID91e📅DDL: 10 October, 2022#poloworldcup #polofantoken #Santos https://t.co/ZPAurlCHkc
THANK YOU to everyone who took part in our USDTEARN program!
Poloniex Exchange on Twitter: "Thank you very much for your great support❤️It reflects the quality of our products and also boosts our confidence to bring more excellent products in the future so that we can navigate with crypto investors together in 🐻 markets. More exciting products are coming. Stay tuned! pic.twitter.com/MueQsPF9Mr / Twitter"
Thank you very much for your great support❤️It reflects the quality of our products and also boosts our confidence to bring more excellent products in the future so that we can navigate with crypto investors together in 🐻 markets. More exciting products are coming. Stay tuned! pic.twitter.com/MueQsPF9Mr
And that about covers it for this week! Curious about our campaigns or upcoming events? Give us a shout in our Telegram channel-
Is there anything you’d want to see us cover in our newsletter? Make sure to comment on this Medium article! Just want to show your appreciation? Smash that clap button and give a round of applause👏
Thanks for spending some time with us as we went over what’s going on. And wherever you are, from the team here at Poloniex, good morning, good day, and good evening!
☕️The Morning Cup: Apple accepts app to sell NFTs; Interpol is after Do Kwon was originally published in The Poloniex blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.