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CoinMarketCap Daily Newsletter South Korean messaging app
Kakao’s native cryptocurrency of its recently launched Klaytn
blockchain, “KLAY” token, will soon make its first official exchange
listing on crypto exchange Upbit. 🍻 The firm set up by Kakao to develop the
Klaytn network, Ground X, recently announced that KLAY will list on Upbit’s
Singapore and Indonesia platforms by the end of this month.
According to Upbit Singapore, KLAY will be listed following price
discovery via a Dutch auction on 18 Sept. The auction will run for 12 hours, or
until a yet-to-be-determined hard cap is hit. Successful bidders will then
receive their KLAY on 19 Sept. A KLAT/BTC trading pair will be enabled at
a future date. The company behind CryptoKitties, Dapper Labs, is
collaborating with Warner Music to create a new blockchain called Flow. 🤝
According to Forbes, Dapper Labs has received $11 million in funding for
the project from the likes of Warner, Andreessen Horowitz, Union Square
Ventures, Digital Currency Group, Venrock and Accomplice. 💰 According to David
Pakman of Venrock, Flow is aimed at a specific games use-case. He says that
“Ethereum (ETH) and pretty much every other Layer 1 smart contracts
platform [is] attempting to build scaleable networks for transactions — like
payments. Decentralized gaming and things like cryptocollectibles place
different scaling requirements on blockchains that sharding fundamentally
doesn’t fix." and that "Dapper is building Flow to allow decentralized games to
scale to tens of millions of users.” CME recently announced that it has sent
letter to the U.S. Commodity Futures Trading Commission (CFTC) stating its
intentions to increase the spot month position limit for its Bitcoin (BTC)
futures contracts, from 1,000 contracts per spot month to 2,000 for any single
investor. 🙏 Spanish bank Banco Santander has issued what it claims is the first
end-to-end blockchain bond. It has issued a $20 million bond onto the
Ethereum (ETH) blockchain, where it will remain until the end of its 1-year
maturity. 💰 The largest Russian bank, Sberbank, has bought ~$15 million worth of
accounts receivable from the Singapore-based commodity trading firm Trafigura
through the Hyperledger blockchain. 💰 How much do you agree with this statement:
"I am a fan of CryptoKitties." Learn something new today~ 🤓 Unsubscribe -
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