Digital Assets Report 45
- Mastercard launches crypto-linked payments cards in Asia
- Bitcoin and Ethereum reach new all-time highs
- Crypto Markets reach $3 Trillion Market Cap
- Crypto Tax passed by House of Representatives and awaits Biden's approval
- Huobi Group moves operations to Gibraltar after China exit
Business
Mastercard launches crypto-linked payments cards in Asia that allow holders to convert their crypto to fiat instantly
The cards seek to remove barriers between merchants who do not accept digital assets and customers who want to pay in crypto.
UAE-Based Phoenix Technology Consultants Places Order for $650M Worth of Crypto Mining Rigs
U.A.E.-based Phoenix Technology Consultants has signed a $650 million order for crypto mining rigs, one of the largest purchases
Digital Currency Group Raises US$700 Million From Softbank, Google’s Capital G - Fintech Schweiz Digital Finance News - FintechNewsCH
Digital Currency Group (DCG) announced that it has closed a secondary investment round by selling more than US$700 million of its shares
El Salvador to build 20 ‘Bitcoin Schools’ with surplus from Bitcoin Trust
New schools funded by Bitcoin profits will help to expand crypto education in the Central American nation.
DeFi protocol bZx compromised: $55 million stolen in private key leak
DeFi lending protocol bZx has been compromised for the fourth time, this time losing a total haul of $55 million.
Animoca’s Blockchain Game Unit Raises $93 Million From SoftBank Amid Race To Build Metaverse
The Sandbox, a Hong Kong-based blockchain gaming platform owned by Animoca Brands, has raised more than $90 million in a funding round led by SoftBank Group.
Republic Is Bringing Music Investing to the Masses with Artists Lil Pump + KSHMR through Security NFTs with Opulous
/PRNewswire/ -- Republic, a leading investment platform, announced today that they will begin hosting opportunities to invest in music royalties through their...
Robinhood security breach compromised data of 7 million users
Robinhood has revealed that it experienced a security breach incident on November 3rd, which exposed the data of as many as 7 million users.
Markets
Crypto Charts 45
BitcoinBitcoin Short Term ChartThe move above 63′706 indicated that a larger corrective triangle is underway.We can count 5 waves up since the wave 4 low and a move back through 65′200 should see an acceleration to the down side. I am sticking with an expected correction lower with daily momentu…
Crypto markets tag $3T combined market cap for first time
The combined capitalization of digital assets pushed above $3 trillion for the first time on Nov. 8, according to CoinGecko.
‘Clear skies’ for Bitcoin price discovery if giant $70K BTC sell-wall is scaled
Bitcoin pauses its latest price surge near $68,000 with BTC sellers waiting.
Analysts say ‘impulse move’ could send Ethereum price into the $6K to $14K range
Analysts say ETH’s breakout to a new all-time high is just the beginning and one 2017-era fractal pattern targets a $14,000 Ethereum price in the near future.
Regulation
House passes $1T infrastructure bill with crypto tax for Biden’s approval
The infrastructure bill intends to treat the crypto community’s software developers, transaction validators and node operators as the brokers of the traditional institutions.
Huobi Group is moving to Gibraltar following China crackdown
The Gibraltar Financial Services Authority has granted Huobi Global a distributed ledger technology license.
Australia’s CBA offers crypto trading, breaks ranks with industry
Commonwealth Bank of Australia <a href=“https://www.reuters.com/companies/CBA.AX” target=“_blank”>(CBA.AX)</a> will become the country’s first main-street bank to offer a platform for retail customers to trade cryptocurrencies, breaking industry ranks as it looks to match offerings from rival fintec…
10% of China’s population have opened digital yuan wallets, per PBoC
The number of users of China’s central bank digital currency has increased by more than six times over the past four months.
Miami Mayor Francis Suarez says he’ll take next paycheck in bitcoin
n September, Suarez expressed hope that MiamiCoin, a new crypto project that launched in August, could support the city while eliminating the need for residents to pay taxes.
Opinions
Bank of America COO Says He’s Come Around to Idea of Bitcoin Being Store of Value: Report
The chief operating officer of Bank of America is now reportedly open to the idea that Bitcoin (BTC) could be a store of value asset. Market Insider reports
Billionaire Stan Druckenmiller Warns Crypto, Meme Stocks, Bonds Are in a Bubble: ‘This Bubble Is in Everything’ – Bitcoin News
Billionaire investor Stan Druckenmiller has warned that everything is in a bubble, mentioning cryptocurrency, meme stocks, equities, and bonds in particular. “This bubble is in everything, every asset on the planet,” Druckenmiller stressed.
$70k on #Bitcoin coming up. Large institutional demand has finally arrived. Trying to get in orders before 2022.
— Anthony Scaramucci (@Scaramucci) November 9, 2021
Podcasts / Readings
Kraken Intelligence’s October 2021 Market Recap & Outlook Report
DocSend