Crypto Market Highlights November 16, 2021

Coinbase users share crypto portfolios, ETFs in the US and India, and more, along with other crypto market highlights compiled over the past 24 hours.

Crypto Market Highlights: Investment News

• Asset manager VanEck is launching its exchange-traded fund (ETF) for Bitcoin futures (BTC). The asset is traded on the Chicago Board of Options Exchange (CBOE) under the ticker XBTF.
• The Securities and Exchange Commission of India (SEBI), India’s securities regulator, has approved the Invesco CoinShares Global Blockchain ETF, according to local media agency Mint. The fund offering will open on November 24th and will end on December 8th.
• Galaxy Digital revenue was $ 517 million for the third quarter, up 1,146 percent from the company’s $ 41.5 million in the third quarter of 2020. In addition, Galaxy said preliminary earnings for the fourth quarter of this year are now about $ 400 million for the September 30 through November period, with $ 1.2 billion reported annually as of September 30.
• The USD coin (USDC) issuer Circle wants to strengthen its presence in the Asian markets, according to an interview by Circle CEO Jeremy Allaire with Bloomberg. The company is also starting an investment arm called Circle Ventures, and its first investment will focus on the Japanese yen stablecoin.
• Venture capital firm Paradigm has announced a new $ 2.5 billion venture fund for crypto and protocol companies that will continue alongside its existing flagship fund.
• Blockchain company Forte announced the completion of its latest round of investments, which raised a total of $ 725 million from private investors. The funds will be used to support the development of its platform solution for blockchain-based games with non-fungible tokens (NFTs) and / or tokenized economies.
• Decentralized finance startup (DeFi) ALEX has announced it has raised $ 5.8 million in a round led by White Star Capital. The company will use this capital to continue building decentralized and decentralized financial services backed by the Bitcoin blockchain and to expand its team.

Crypto Market Highlights: Regulatory News

Crypto assets like Bitcoin could soon pose risks to the wider financial system, Bank of England Deputy Governor Jon Cunliffe reportedly said, adding that regulators need regulation. “The time in which [tài sản tiền điện tử] The risk is getting closer, “the Independent quoted him as saying.

Crypto Market Highlights: Stock Market News

Coinbase announced that users can easily share information about their crypto assets and portfolios with their social or personal networks. Users can share their crypto portfolio allocation ratio (but not total balance) with others, as well as the crypto asset pages they own so they can learn to ask each other.

Crypto Market Highlights: Crime News

Randeep Singh Surjewala, a spokesman for the Indian National Congress (INC), has accused the government of the Bharatiya Janata Party in the southern state of Karnataka of covering up a Bitcoin scam in which a person hacked Bitfinex and stole 2,000 BTC in 2016 (current value close to ). $ 130 million). The INC has requested an independent investigation into the matter by a Supreme Court overseen special investigative team that includes a cross-agency composition.

In-house CCTV communications technology in Korean homes has been hacked across the country and hackers have sold some on the dark web, Gossip Chimp reported, citing IT site Chosun. Movies are offered in bulk for 0.1 BTC per shot per day.

According to the South China Morning Post. The kidnappers were denied bail while five others were arrested for questioning, the company added.

Digivault, the digital asset custody provider, and Asset Reality, the solution for retrieving confiscated crypto assets, announced a partnership that will help law enforcement agencies reduce damage and loss for victims of cybercrime, they say .

Highlights of the crypto market: News about new products and services

Edinburgh Dog and Cat Home has received a crypto donation of 26 ethers (ETH) currently valued at nearly $ 123,000 from Pawthereum, a community-run philanthropic cryptocurrency project that focuses on fundraising. Support animal welfare organizations and be a digital advocate for animals in need. The donation was made to fund the services of Home’s Pet Foodbank, Paws Pantry, for the full year 2022.

President Nayib Bukele of El Salvador suggested in a tweet today that there are more people using their crypto wallets in the country than people using bank accounts. “There is a country on earth where more people are using Bitcoin wallets than bank accounts,” he wrote.

Crypto Market Highlights: Mining News

Chinese cryptocurrency mining company The9 has signed an agreement with Compute North for 32 megawatts (MW) of mining capacity to deploy 10,000 miners in the US, which will go online in the second quarter of 2022. The company also plans to host 14,000 miners with other hosting partners in countries like Canada, starting December.

Bitcoin mining company Marathon Digital plans to raise $ 500 million through the issuance of premium convertible bonds that earn semi-annually and mature on December 1, 2026 in mining. “

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