Your weekly dose of Crypto: CryptoCurrency

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Your weekly dose of Crypto, September 12-18

The total market cap was $ 2.2 trillion and increased over 2.5% in the past 7 days. Bitcoin’s dominance is around 40%, while Ethereum’s dominance is 18%.

BTC has risen over 4.7% and ETH has risen over 2.1% over the past 7 days as the market recovers slightly from the September 7 flash crash.

Among altcoins, Cosmos hit a new ATH of $ 41.28 and AVAX hit a new ATH of $ 75.04. While LUNA, ADA and SOL are down double digits in the past 7 days.

Decentralized music streaming service Audius has raised $ 5 million in a new round of funding. Katy Perry, Nas, Jason Derulo are some of the prominent artists to invest in this round link.

OpenSea admitted that one of its employees took advantage of inside information by purchasing items that needed to be displayed on their homepage before they appeared on the public link.

Asset manager Franklin Templeton has filed a $ 20 million blockchain venture capital fund application with the SEC, he has already raised $ 10 million. The fund will be used to invest in the bond of crypto and blockchain startups.

The Solana network was down for more than 18 hours. Anatoly Yakovenko attributed this to an overwhelming number of bot transactions on the DeFi Raydium protocol. This interrupted Solanas’ recent bullish link.

El Salvador exempts foreign investors from paying tax on Bitcoin earnings, in order to encourage foreign investment in the country’s bond.

The Drone Racing League has signed a five-year contract with Algorand. The blockchain network will be used for various initiatives such as ticketing, NFTs, token-based league governance link.

Crypto.com has signed a five-year deal with esports team Fnatic, worth a total of more than $ 15 million. The exchange is also already in partnership with UFC, F1 team Aston Martin Cognizant, Paris Saint-Germain FC, to name a few.

Hedera’s board of directors will allocate $ 5 billion in HBAR to independent foundations and link ecosystem development initiatives.

Edit: Addition of the 11th element

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