Nike & Microsoft plunge into Metaverse, Thai banking giant joins cryptocurrencies, etc. are the highlights of the crypto market news over the past 24 hours, according to cryptonew’s summary.
Nike Inc. aims to protect its trademark for a variety of virtual goods in the United States, including shoes and clothing.
The company also filed four filings with the US Patent and Trademark Office to protect its trademarks in categories including “downloadable virtual goods” and related business, retail and entertainment services, Bloomberg reported. The giant also posted a job ad for the position of Virtual Material Designer who “must create and visualize the most complex and innovative virtual material concepts in the world”.
According to Bloomberg, Microsoft is testing a new version of its team chat and conference program with digital avatars, adding that the new product will be available in the first half of 2022, in the virtual world, the report said.
Siam Commercial Bank Public Company Limited said the board of directors of SCB Securities Co. approved the acquisition of 51% stake in Bitkub Online Co., a Thailand-focused crypto exchange, for THB 17.85 billion ($ 537 million) .
“For the period from January to September 2021, Bitkub reported to the SEC a total trading volume of digital assets of around 1.03 million THB, which corresponds to a market share of around 92%. During the same period, Bitkub posted total sales of THB 3,279 and net income of THB 1,533 million, ”the bank said, adding that it is expected to close the transaction in the first quarter of 2022.
Coinbase is the crypto-related company best positioned to capitalize on the oversized growth of the industry with $ 49.2 billion in revenue after 2025, Hayden Capital said in a memo. According to a more conservative estimate of its crypto market cap of $ 3.4 million, the company will double its revenue to $ 21.3 billion by 2025.
KuCoin has announced the launch of the KuCoin Fiat Account, which will give global users access to KuCoin, deposit USD by debit or credit, and purchase major cryptocurrencies. They said the account will support other fiat currencies in the future.
BitMEX announced that they have now offset the emissions caused by all Bitcoin (BTC) transactions to and from their platform. It did so by purchasing 7,110 tons of carbon credits worth $ 100,000 that will include emissions from their servers over the next year. they added.
The derivatives marketplace CME Group has announced that it will expand its range of crypto derivatives with the launch of micro-ether futures on December 6, subject to regulatory review. The instrument will be one tenth the size of Ethereurm (ETH) and will be settled in cash.
The US Securities and Exchange Commission (SEC) postponed its decision to approve Valkyrie’s proposed exchange-traded bitcoin fund on Jan. 7, 2022, filed comment letters “as the reason for the delay.
The non-fungible Token Metaverse (NFT) platform Sandbox announced that it raised $ 93 million in a Series B funding round led by SoftBank Vision Fund. That investment will fund their expansion into other ecosystems beyond the game, they added.
Client Bank, a 19.1 billion
Aaron Rodgers, defender for U.S. team Green Bay Packers, said he’s working with Cash App to convert part of his salary into bitcoin. He also said that he is releasing a total of $ 1 million in cryptocurrency to make Bitcoin more accessible to his fans.
Bitcoin mining company Genesis Digital Assets announced a new self-hosted industrial-scale Bitcoin mining data center in West Texas with 300 megawatts of capacity and electricity from ERCOT. As of October 2021, the data center capacity of Genesis Digital Assets will be over 170 megawatts, which corresponds to a total hash rate of over 3.8 exahashes (EH / s).
Compass Mining, a US-based online marketplace for Bitcoin mining hardware and storage, has announced an agreement with Red Jar Digital Infrastructure, an established and managed storage infrastructure company, to achieve 95% clean energy. The Ontario facility is jointly managed by Compass and RJDI and will add 140 MW of additional capacity to Compass’ user base, compared to the company’s current total capacity of 30 MW, the company said.
Nigeria’s central bank digital wallet (CBDC), e-Naira, disappeared about 48 hours after it was launched and after it was downloaded by more than 100,000 users, The Nation reported. However, a spokesman for the country’s central bank said the app was removed from the platform to facilitate the upgrade, according to the report.
Ethereum Name Service (ENS) has announced that it will launch an administrative token and accept authorization requests. Governance tokens are used to vote on decisions, either by delegating the governance token for voting rights to yourself or by delegating tokens more to active project members, and the token request process will open on Monday, November 8th.
West Realm Shires Services Inc., operator of the US crypto exchange FTX, announced that Mark Wetjen, former commissioner of the US Commodity Futures Trading Commission, has joined the company to support the public efforts of the US Commodity Futures Trading Commission as Head of Strategy, To manage policy and regulation.
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