Market Color October 1

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U.S. Federal Reserve Chairman Jerome Powell has told Congress he does not intend to ban cryptocurrencies but said stablecoins need greater regulatory oversight.
Visa has developed a conceptual protocol, called “Universal Payments Channel” (UPC).
Compounds Finance’s new upgrade, contains a bug that has given users an “unusual amount” of COMP tokens as rewards.
Argo Blockchain has agreed to buy 20,000 mining machines for the data center it is building in West Texas.
It been reported that decentralized exchange aggregator 1inch has begun geofencing U.S. IP addresses. This move aim to pave the way for a new product launch in the U.S.
Ripple’s has launched a new $250 million Creator Fund which will provide funding and technical support for artist and developers in the NFT sector.
Zero Hash, has raised $35 million in a Series C funding round led by Point72 Ventures.
El Salvador officially starts volcano-powered Bitcoin mining.

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