Inside Crypto Dimension - Fri 19th of August 2022
Sandbox new season is about to start 🎬 | Researchers find proof of insider trading prior to coin listings 🔬 | What kind of investments are being done on crypto companies? ₿ 💵
Good Friday from Crypto Dimension! 👋
The weekend is coming! This time the newsletter contains a look at the coming Sandbox alpha season 3, a research paper on insider trading and a pick on what kind of crypto companies are being invested currently. Also, check a tool suggestion at the end for Discord channel full of crypto metrics.
From the market perspective, this Friday does not seem that special. Bitcoin dives under 22 000 USD and Ethereum under 1 8000 USD.
Basically the whole cryptomarket is in the red and altcoins have not managed to break away from the pull of the two big ones.
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News and Happenings in the Crypto World
The Sandbox Alpha Season 3 Starts 24th of August 2022 🎬
One of the major Metaverse projects, Sandbox, is starting Alpha Season 3 soon. The launch will happen on 24th of August and will last for 10 weeks. The developers promise “awesome content for every player”. This includes experiences from partners such as Snoop Dogg, Deadmau5 and Atari. Playing Sandbox will reward users with SAND (the currency used in Sandbox). If you haven’t tried this Metaverse project out yet, now is a good chance to get into the game!
Research Paper: Insider Trading in Cryptocurrency Markets
A study by researchers from the University of Technology Sydney have found proof that inside trading has happened in Decentralized Exchanges prior to a specific coin listing on Coinbase. The study extracted 4 wallets that have earned 1003 Ethereum (roughly 1.5 million USD) by those insider tradings. The study also estimates that insider trading happens in 10-25% of cryptocurrency listings. The researchers point out that regulation is needed in cryptocurrencies, just as in the traditional stock markets.
Top 100 Public Companies Investing in Blockchain & Crypto Companies
Blockdata has analyzed the top 100 public companies that are investing in crypto. Alphabet leads the investments with a whopping 1.5 billion dollars. One thing to note is that many of the biggest investors are banks or somehow related to banking, such as Paypal. The report states that quite many of the investments were directed to companies that work in NFTs, NFT marketplaces or gaming services (that use NFTs). The crypto industry is definitely not dead. Instead it is preparing for new growth.
Tools for the Crypto Journey 🛠️
Discord Datafeed
Here’s a Discord channel that follows a HUGE amount of different cryptocurrency metrics. Information includes for example appearance of new coins in chains, new exchange listings, wallet inflows and outflows and many many other things. Check out the Discord and the Twitter account Slurpxbt