DOGE Foundation returned after 6 years / AR token jumped 66% in past 7 days / Fresh Funding / PBoC shut down 11 crypto companies

Plus: LINK DeFi price feed oracles are now live on the FAN network.

Inside.com Part of   Network August 18, 2021

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The global crypto market cap is $1.95T 1.35%▼ with a 24-hour market volume of $126.94B 6.40%▲. Bitcoin's dominance is currently 43.96% 0.32%▲. CURRENT PRICES BY MARKET CAP # Name Price 24h % 1 Bitcoin BTC $45,599.81 0.43% ▼ 2 Ethereum ETH $3,072.78 2.76% ▼ 3 Binance Coin BNB $406.42 3.44% ▼ 4 Cardano ADA $2.12 3.18%▼ 5 XRP XRP $1.17 0.44% ▼ *Prices as of 3:00 p.m. ET.

The Dogecoin (DOGE) Foundation has returned after a six-year intermission. The Foundation added Ethereum’s Vitalik Buterin and Elon Musk representative Jared Birchall to the board. More: The Dogecoin Foundation was founded in 2014 as a non-profit aimed at making Dogecoin useful, personable, welcoming, and reliable. The team is set to relocate from the U.S. and establish a long-term headquarters in Liechtenstein. The reestablishment of the Foundation marks the first time the $38B cryptocurrency has a full-time team.

Arweave (AR) token gained 66% in the past week as Solana (SOL) NFTs flock to its permanent metadata storage solution. Arweave is a decentralized data storage provider for NFT projects like Degen Ape Academy, Sollamma, and SolanaDoges. More: Arweave’s Solana-based storage solution is similar to projects like Filecoin (FIL) and InterPlanetary File System (IPFS). AR tokens are needed to pay for the DeFi storage, and its price fluctuates based on the product’s demand. AR is currently trading around $24.78, up from last week’s high of $20.24.

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▲ TOP GAINERS # Name Price 24h % 1 Quant QNT $195.24 26.05% ▲ 2 Arweave AR $27.19 25.08% ▲ 3 Avalanche AVAX $27.58 17.98% ▲ 4 Terra LUNA $29.59 15.67% ▲ 5 NEAR Protocol NEAR $4.38 15.11% ▲ ▼  TOP LOSERS # Name Price 24h % 1 Helium HNT $19.52 11.26%▼ 2 Theta THETA $7.01 8.91%▼ 3 Telcoin TEL $0.01803 8.42%▼ 4 Uniswap UNI $26.69 8.28%▼ 5 NEM XEM $0.1929 7.45%▼ *Limited to cryptocurrencies in the Top 100. Prices as of 3:00 p.m. ET.

🍋Fresh Funding🍋 MobileCoin, Digital Payments: $66M ⮕ The Series B funding round was participated in by Alameda Research, BlockTower Capital, Coinbase Ventures, TIME Ventures, and others. More: MobileCoin is a blockchain-based mobile payment system and wallet. The fresh funding will be used to expand MOBot, MobileCoins cryptocurrency chatbot payment system. MobileCoin is additionally planning to expand merchant services and roll out a hard-pegged stablecoin. Highstreet, VR/Metaverse: $5M ⮕ The seed funding round was participated in by Mechanism Capital, NGC Ventures, Palmdrive Capital, Jump Trading, Shima Capital, and others. More: Highstreet is a commerce-centered metaverse that offers a metaverse marketplace for limited edition products. The fresh funding will be used to expand Highstreet’s Unity engineers to build on its metaverse experience. Highstreet acquired LumiereVR Studio and Retinad Analytics in 2018 to capture user gaze data for increased consumer insights.

The PBoC shut down 11 crypto companies for engaging in illegal crypto transactions. The actions of the PBoC were followed by an announced “targeted education” program for financial consumers. More: The education program will establish risk education and protection training for investors in China. The shutdown included a well-known financial website that was allegedly advertising illegal forex and stock trading transactions. The PBoC’s crackdown of crypto transactions has broadened its regulation of digital assets from its initial shutdown of mining operations in May.

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Griffin McShane is a J.D. candidate currently living in Portland, Maine. He is a graduate of Providence College, where he studied both computer science and business. Griffin aspires one day to go to the moon and bring some of his altcoins along for the ride. Editor Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford.

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