Categories: Market

Crypto Market Highlights November 3, 2021

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. would like to protect my trademark for various virtual goods in the United States

 

 

Crypto Market Highlights November 3, 2021: Metaverse News

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.

 

Crypto Market Highlights November 3, 2021: Stock market news

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.

 

Crypto Market Highlights November 3, 2021: Investment News

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.

 

Crypto Market Highlights November 3, 2021: News on new products and services

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.

 

Crypto Market Highlights November 3, 2021: Mining News

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.

 

Crypto Market Highlights November 3, 2021: CBDCs News

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.

 

Crypto Market Highlights November 3, 2021: Altcoin News

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.

 

 

Crypto Market Highlights November 3, 2021: Career News

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.

Join our Facebook group and Telegram group Coincu News to chat with more than 10,000 other people and exchange information about the crypto currency market.

Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice. Your money, the choice is yours.

 

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

37 minutes ago

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

1 hour ago

Book of Meme Old News? This Best Meme Coin to Invest in 2024 Is Multiplying Gains Like a Champ

Over the years, meme coins have evolved from inside jokes into serious investment opportunities.

2 hours ago

Time’s Ticking on BlockDAG’s 5-Tier Bonus- Few Days Left to Grab It While Cardano Whales Take Action, Aave Rallies Strong

Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…

3 hours ago

Best Altcoins to Buy for 2025: Qubetics Presale Surge, Solana’s Lightning Speed, and Cardano’s Blockchain Revolution

Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…

3 hours ago

Why Qubetics, NEAR Protocol, and IMX Are Dominating Crypto: The Best Altcoins to Join Today for Game-Changing Returns 

Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…

5 hours ago

This website uses cookies.