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Get your daily crypto and blockchain news roundup, analyzing the stories that go unnoticed in today’s crypto news.
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Metaverse News
Nike Inc. wants to register its trademark for various virtual goods in the United States, including shoes and clothing, by filing four applications with the US Patent and Trademark Office to protect its trademarks in categories including “downloadable virtual goods” and related services for commerce. retail and entertainment, Bloomberg reported. giant is also up-to-date with a job listing for a Virtual Materials Designer position, which will “create and visualize the world’s most sophisticated and innovative virtual materials concepts.”
Microsoft is testing a new version of its Teams talk and conference program that features digital avatars, Bloomberg reported, adding that the new product will be available in the first half of 2022. Customers will be able to share files and Office functions, such as decks of PowerPoint, in the virtual world, according to the report.
Exchange news
Siam Commercial Bank Public Company Limited She said that the board of directors of SCB Securities Co. approved the acquisition of a 51% stake in Bitkub Online Co., a cryptocurrency exchange focused on Thailand, for THB 17.85 billion (USD 537 millions). “For the period from January to September 2021, Bitkub reported to the SEC a total trading volume of digital assets of approximately THB 1.03 trillion, representing a market share of approximately 92%. For the same period, Bitkub recorded a total turnover of THB 3,279 m and a net profit of 1,533 million THB ”, said the bank, adding that it expects to close the deal by the first quarter of 2022.
Coinbase is the cryptocurrency-related company best positioned to benefit from the industry’s breakneck growth with the potential to reach $ 49.2 billion in exit revenue by 2025, Hayden Capital Ella said in a note. With a more conservative estimate of the cryptocurrency market capitalization of $ 3.4 trillion, the company would double revenue to $ 21.3 billion by 2025.
KuCoin Announced the launch of the KuCoin Fiat account, which gives global users access to deposit USD in KuCoin through a credit or debit and buy important crypto assets. account will add support for other fiat currencies in the future, they said.
BitMEX Announced have now offset the emissions caused by all bitcoin (BTC) transactions to and from their platform. This was done by purchasing 7,110 tons of CO2 credits, worth $ 100,000, which should also cover emissions from its servers over the next year. they added.
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Investment news
Derivatives Market Grupo ECM Announced will expand its crypto derivatives offerings with the introduction of Micro Ether futures on December 6, pending regulatory review. instrument will be the size of one tenth of an Ethereurm (ETH) and will be settled in cash.
US National Securities Market Commission (SEC) has delayed its approval decision by Valkyrie proposed the bitcoin exchange-traded fund for January 7, 2022. y cited the need for ‘sufficient time to consider the proposed rule change and the issues raised in the comment letters that were submitted ‘as the reason for the delay.
Non-fungible token (NFT) metaverse platform Announced sandbox raised $ 93 million in its Series B fundraising round led by SoftBank Vision Fund 2. investment will fund its expansion beyond gaming into other ecosystems, they added.
Adoption news
Client Bank, the subsidiary of $ 19.1 billion Bancorp Clients, She said published a partial list of inaugural institutional crypto clients, such as Genesis Global Trading, Blockfill, GSR, and SFOX.
Aaron Rodgers, quarterback for the Green Bay Packers football team, She said he is helping Cash App convert part of his salary into bitcoins. He also said that he is distributing a total of $ 1 million in tokens to make Bitcoin more accessible to his fans.
Mining news
Bitcoin Mining Company Genesis Digital Resources has Announced a new self-hosted industrial-scale Bitcoin mining data center in West Texas, with a capacity of 300 megawatts and power from ERCOT. As of October 2021, the Genesis Digital Assets data center capacity is more than 170 megawatts, resulting in a total hash rate greater than 3.8 exahash (EH / s).
Compass Mining, a US-based online marketplace for Bitcoin mining hardware and hosting, has announced a deal with Red Vase Digital Infrastructure, a hosting infrastructure company founded and operated by veterans of energy and the infrastructure, for a new Canada-based hosting facility that runs 95% on clean energy. Ontario facility will be jointly operated by Compass and RJDI and will feature up to 140 MW of additional capacity for Compass’s user base, an increase from the company’s current 30 MW of total capacity, the company Ella said.
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CBDC News
Central Bank of Nigeria (CBDC) digital currency wallet e-Naira disappeared approximately 48 hours after its launch and after being downloaded by more than 100,000 users, Nation reported. However, a spokesperson for the country’s central bank said the app was removed from the platform to facilitate the update, according to the report.
Altcoin News
Ethereum Naming Service (ENS) announced that it will launch a governance token and accept proxy applications. government token will be used to vote decisions, either by delegating government tokens to oneself for voting rights or by delegating tokens to more active members of the project and the token application process will open on Monday, November 8.
Career news
West Realm Shires Services Inc., the operator of the FTX US cryptocurrency exchange, Announced former US Commodity Futures Trading Commission Commissioner Mark Wetjen has joined the company to lead its efforts in public relations as head of policy and regulatory strategy.
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