Crypto Market Highlights November 10, 2021

Apple CEO owns Bitcoin or Ethereum, the Austrian crypto tax and many other crypto market highlights that have been compiled by cryptonew in the last 24 hours.

Crypto Market Highlights: Investment News

• Apple CEO Tim Cook said he personally owns cryptocurrencies and has been interested in crypto “for a while”. “I think it makes sense to own it as part of a diversified portfolio,” Cook said at the DealBook conference. ). He did not specify which cryptocurrency he owns. The CEO has denied that Apple can invest in crypto. Even if they don’t have immediate plans to accept crypto payments, there are other things that we are definitely looking into, according to the New York Times.
• According to Bloomberg, BlockFi has joined the club of companies awaiting SEC approval for a physically backed Bitcoin (BTC) exchange-traded fund. Called BlockFi NB Bitcoin ETF, it holds BTC to track its returns.
• The US-based crypto company Circle, a major issuer of USD Coin (USDC) stablecoins, claims to have launched Circle Ventures – a venture fund to support early-stage blockchain projects and companies.
• US-based fintech firm Ripple previewed the Ripple Liquidity Hub, which it describes as a new solution for enterprise customers and will launch in 2022, over-the-counter desks and future decentralized locations. Ripple’s first partner in the newly launched Alpha product is Coinme, a large US-licensed cryptocurrency network.
• Nexo Digital Asset Organization (NEXO) has acquired Texture Capital Holdings Corp., the parent company of broker-dealer Texture Capital, as part of a later seed financing round. The transaction is part of a global strategy to expand Nexo’s institutional offering through a number of partners specializing in enhanced investment banking practices for digital assets.
• The WOO Network cryptocurrency exchange has completed a Series A round for $ 30 million. The investors include Three Arrows Capital, based in Singapore.
• Bitmart cryptocurrency exchange is in talks to raise around $ 20 million at a pre-money valuation of $ 300 million, TechCrunch reported. Alexander Capital Ventures, known for backing Airbnb and Spotify, is partnering with Bitmart to lead a Series B round, their sources said.
• According to Business Insider, the blockchain platform Telos, which is based on the Ethereum (ETH) network, has raised $ 8 million from investors with funds in its first financing round, according to Business Insider. While a capital raise isn’t in anticipation of a bear market, the funds will help them weather the “crypto winter” if it arrives, the report said.
• Alephium, a blockchain project that aims to bring scalability and energy efficiency to Bitcoin, has announced the launch of its mainnet. The company raised $ 3.6 million in a pre-close sale two months ago and is using a new consensus protocol called Proof of Less Work.
• The cross-chain decentralized finance body (DeFi) Ape Board has announced that it has raised $ 1.25 million in a strategic funding round led by Spartan Capital. The new funding will enable Ape Board to further expand its development and operational resources.

Crypto Market Highlights: Stock Market News

The US Treasury Department has sanctioned the Chatex cryptocurrency exchange for alleged ransomware activities. Chatex “facilitated transactions for several ransomware variants” and offered “physical support” for the Suex cryptocurrency exchange, which is also involved in ransomware, according to the agency’s press release.

Coinbase has announced that it is adding full standalone functionality to its browser extension wallet that will allow anyone to use it without being linked to a Coinbase Exchange account.

UAE-based crypto exchange BitOasis has announced that it has set up a funding option for local banks for its users. This allows all BitOasis users based in the United Arab Emirates to transfer money from their bank account in the United Arab Emirates to their account locally with no fee, and they can also withdraw funds from their accounts to their bank account in the United Arab Emirates for free.

Crypto Market Highlights: News on New Products and Services

Mastercard has announced its partnership with crypto service providers Amber, Bitkub and CoinJar to launch a crypto-financed Mastercard payment card. Asia Pacific consumers and businesses can apply for a Mastercard crypto-linked credit, debit or prepaid card that allows them to convert their cryptocurrency to traditional fiat currency that can be used anywhere Mastercard is accepted worldwide.

According to Bloomberg. CityCoins also launched the Miami token in August, which has grossed over $ 21 million for the city to date.

The charity GiveDirectly announced a fundraising summit with some of crypto’s most recognizable names called “What is Good Cryptocurrency” on December 2nd. Each cryptocurrency with the most donations, measured in USD value, will be officially declared the “most generous crypto community” in 2021.

Crypto Market Highlights: Tax News

Austria wants to strengthen trust in cryptocurrencies by taxing them as mainstream bond and equity investments (27.5%) as part of a large-scale tax reform from March 2022, Bloomberg reported. Traders who sell one digital token to buy another are not taxable and investors can receive compensation calculated based on possible losses.

Crypto Market Highlights: CBDCs News

People’s Bank Governor Yi Gang said China will continue to promote the development of central bank digital currencies (CBDCs) and improve their design and usage, said People’s Bank Governor Yi Gang. The PBOC is ready to step up cooperation with world central banks in developing the CBDC, including setting standards and rules, Yi said.

The Central Bank of Singapore is launching a project on the technological aspects of building a digital currency, according to Bloomberg, to prepare for the days when the city-state chooses one. However, physical cash will be around “for a limited time,” and replacing fiat currencies with foreign digital currencies is “a distant risk,” said Ravi Menon, CEO of the Money Authority.

Crypto Market Highlights: Security News

Robinhood has admitted a data breach since November 3rd that exposed the email addresses of 5 million customers and the full names of another group of approximately 2 million customers. They claim that no social security numbers, bank account numbers, or debit card numbers have been disclosed and that no customers have suffered financial loss as a result of the incident.

Crypto Market Highlights: Business News

The U.S. producer price index (PPI) for final demand rose 0.6 percent last month after rising 0.5 percent in September, Reuters reported, citing the Department of Labor. In the 12 months to October, the PPI rose 8.6% after a similar surge in September, he added. Economists polled by Reuters had predicted that the PPI will rise by 0.6 percent month-on-month and 8.7 percent year-on-year.

Crypto Market Highlights: Payment News

PayPal’s adjusted earnings per share of $ 1.11 for the third quarter beat analysts’ consensus estimate of $ 1.07, but revenue for the same period was $ 6.18 billion, this time below the company’s estimate $ 6.23 billion. The company also announced total cash payments of $ 310 billion in the third quarter, up 24% year over year.

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