Bitcoin (BTC) remains in consolidation as price continues to move tight between 10,600 - 9,800. Meanwhile, key levels in the daily remains intact with potential resistance around 11,000 - 11,400 and potential support around 8,800 if range fails to hold. It remains to be seen whether this range will hold to test 50 MA resistance or break below to find next support area.
Global market cap is at $340B, while BTC's market cap is at $191B.
SushiSwap's former head, known anonymously as Chef Nomi on Twitter, has apologized for his mistakes and returned $14M to the project's development fund. Chef Nomi had previously given Sam Bankman-Fried, CEO of FTX exchange, control over SushiSwap, but not before taking around half of the $27 million developer fund that was meant to keep the project going. In a tweet on Sept. 11, Nomi said - "To everyone. I f***** up. And I am sorry."
Nomi also apologized to the community as a whole, and to several individuals, and said "I have returned all the $14M worth of ETH back to the treasury. And I will let the community decide how much I deserve as the original creator of SushiSwap. In any currency (ETH/SUSHI/etc.) With any lockup schedule you wish.
On Sept. 11, Wave Financial Group announced that its Kentucky Whiskey 2020 Digital fund had purchased its initial 1,000 barrels from the Kentucky Wilderness Trails distillery. According to a Cointelegraph report, investors are expected to benefit from its price appreciation during the aging process which takes five to six years. During the aging period, the value per barrel is expected to increase from $1,000 per barrel to $4,000 per barrel.
The Kentucky Whiskey 2020 Digital fund was launched by Wave Financial Group in March with the aim to tokenize up to $20 million worth of whiskey.
The Ticino Blockchain Technologies Association, a new Swiss group looking to promote research and support blockchain firms, has been formed with the participation of the University of Southern Switzerland (USI), and the University of Applied Sciences and Arts of Southern Switzerland (SUPSI). Joining the universities as founder members are Bitcoin.com, Copernicus Holdings, Eligma, Euronovate, Eventboost, Pangae Blockchain Fund, Poseidon Group, the Quadrans Foundation, StrongBlock.io, Superflat, and the Swiss Blockchain Consortium.
The group will also seek to promote academic studies of the technology, and hope to encourage the formation of new companies focused on blockchain and create new jobs revolved around blockchain tech.
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