Categories: Market

Crypto Market Highlights November 6, 2021

bZx has lost over $ 55 million, a $ 100 million gaming bundle for Solana, and many other crypto market highlights in the past 24 hours.

 

Crypto Market Highlights November 6, 2021: Investment News

Modular partners have started investing their personal capital in their portfolios, which could open the door to outside investors in the next year, according to Bloomberg.

AscendEX cryptocurrency exchange has announced the end of a $ 50 million Series B capital increase led by Polychain Capital and Hack VC. The company plans to use the funds to accelerate entry into international markets and catalyze further product innovations, with a particular focus on blockchain-based profitable protocols.

Cash App mobile payment service generated $ 1.82 billion in Bitcoin (BTC) revenue and $ 42 million in gross BTC income in the third quarter of 2021, up 11% and 29%, respectively Previous year. According to a letter to shareholders. The increase is due to the positive change in BTC prices, while those numbers have declined compared to the second quarter of this year due to the relative stability of the asset.

 

Crypto Market Highlights November 6, 2021: News on new products and services

According to Reuters, major U.S. retailer Kroger claims the news that it will be accepting Bitcoin Cash (BCH) as a payment method this holiday season is false. However, they did not explain why the news item originally appeared on their website or on the Newswire PR newsletter distribution list.

 

Crypto Market Highlights November 6, 2021: Stock market news

The Ethereum (ETH) based game Axie Infinity has implemented a decentralized exchange Katana (DEX) on its custom Ronin sidechain. The RON ecosystem used for ronin transactions has also been introduced and users are allowed 100 free ronin transactions per day, but eventually the network will switch to using RON for ronin fees.

Binance announced the appointment of Amjad Qaqish, a former criminal investigation officer with the US Internal Revenue Service, to join the organization’s compliance department as Global Director of Suspicious Activity Reporting (SAR).

 

Crypto Market Highlights November 6, 2021: DeFi News

The DeFi credit protocol bZx (BZRX) lost money again. The team confirmed Friday that “the private key that controls the Polygon and BSC implementations has apparently been compromised, resulting in a loss of more than $ 55 million.

 

Crypto Market Highlights November 6, 2021: Game News

FTX, Lightspeed Venture Partners and Solana Ventures have announced that they will be investing US $ 100 million in the development of Web 3.0 games. This grant will help game and technology studios incorporate the Solana Blockchain (SOL) into video games on desktop and mobile platforms.

 

Crypto Market Highlights November 6, 2021: Regulatory News

Spain’s central bank is asking the country’s leading financial institutions for information on their crypto-related plans for the next three years, El Pais reported. She asked banks if they intend to issue tokens or offer custody, trading or payment services for cryptocurrencies, and outlined initiatives to market the product or provide services to customers through a digital platform for the next three years.

The chairman of the US Securities and Exchange Commission, Gary Gensler, has denied that the new technology labels are changing the reality of security definitions, especially so-called decentralized financial products (DeFi) and e-money products. He stated that regardless of asset names or alleged duties, the watchdog will “examine the economic realities of any particular product or agreement to determine whether or not it complies with securities laws”.

 

Crypto Market Highlights November 6, 2021: Blockchain News

Tokeny, a provider of asset tokenization and compliance infrastructure, helped Enegra Group Ltd, a commodities trading company with an approximate net asset value (NAV) of approximately $ 28 billion, share-linked token EGX security from Ethereum (ETH) to Polygon (MATIC) to migrate. . According to the press release, the migration will enable “faster end-to-end transfers of the EGX security token with near zero transaction fees.”

Chainlink (LINK) blockchain oracle solution announces that Total Guaranteed Value (TVS) has exceeded $ 75 billion. According to the team, this makes the Chainlink network one of the most secure forms of decentralized consensus.

The Italian central bank Banca d’Italia and the Deutsche Bundesbank have announced that they have participated in a joint workshop to exchange their experiences with central bank payments for central bank assets. The initiative focuses on the ability to complement established central bank cash settlement facilities with a programmable trigger mechanism that links blockchain-based assets and cash payable in fiat currencies.

 

Crypto Market Highlights November 6, 2021: Scam News

The US Federal Bureau of Investigation has warned the public of fraudulent systems that exploit cryptocurrency ATMs and Quick Response (QR) codes to facilitate payments. Fraudsters often ask victims to pay and provide a QR code linked to the fraudster’s crypto wallet for the victim to use during the transaction, and then redirect the victim to a crypto ATM recipient address.

 

Crypto Market Highlights November 6, 2021: Mining News

Cryptocurrency mining company Argo Blockchain estimates the cost to build and install its proposed 800-megawatt mining facility in Texas could be $ 1.5 billion to $ 2 billion, according to a government filing.

 

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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.

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