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Crypto News 11/19: Bitcoin drops to $ 55,000 region, causing the market to hit $ 400 billion in news from Binance, Floki Inu, Flare, Terra, DAO, Binance Smart Chain, Arbitrum One, Chromia evaporates

743 days ago - Around 6 mins mins to read

From the perception that Bitcoin is back in the $ 55,000 region comes Binance.US, which wants to raise “several hundred million” USD in a new investment round. Here are some highlights from the crypto market.

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Bitcoin news

For the past 24 hours, unfavorable price movements in the crypto markets have continued, with Bitcoin slipping to a monthly low of $ 55,700. Most altcoins are also in the red, as that total market cap drops by $ 100 billion.

Since Bitcoin hit the ATH at $ 69,000 last week, bears have been the dominant force in this space. They pushed the asset price down to $ 6,000 within minutes of the high, preventing it from rebounding a day later.

If You Invested $100 in Bitcoin in July 2010, Here's How Much You'd Have Now | The Motley Fool

However, Bitcoin rebounded earlier this week and briefly crossed the $ 66,000 region. However, the price continued to slide and BTC fell $ 7,000 in one day, falling below the $ 60,000 region for the first time since late October.

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Bitcoin Price Chart | Source: TradingView

After an unsuccessful attempt to break above the $ 60,000 area in the hours that followed, BTC price fell again towards the $ 55,700 region (on Bitstamp), making it the lowest price since October 13th.

So far, BTC has recaptured the $ 56,000 region and is currently trading in the $ 56,500 region. However, its market cap remains below $ 1.1 trillion and its dominance over altcoins has fallen below 43%.

Binance news

According to CEO Changpeng Zhao, the exchange is Binance.US find a way raise “several hundred million” USD in an investment round that ends in a month or two. The global crypto exchange has also decided to open a new headquarters, Changpeng Zhao reveals

Speaking at the Bloomberg Economic Forum in Singapore, Zhao said the exchange’s U.S. branch is likely to launch an initial public offering similar to Coinbase, and he isn’t ruling out the parent company listing in the future.

Floki Inu

Floki Inu, a cryptocurrency meme inspired by the Shiba Inu puppy owned by Tesla CEO Elon Musk, continues its marketing campaign and announces a partnership with Kerala Blasters FC, the football club it follows.

As part of the partnership, the cryptocurrency logo and website will appear on the right sleeve of the club’s jersey during the 2021-2022 season of the Hero Indian Super League.

News torch

The first batch of NFTs issued by the Flare Blockchain Advocate Community (FLR) is now for sale on Songbird (SGB).

According to an announcement from Flare (FLR) supporters, they have released an exclusive collection of NFTs.

The digital collections are now available on the Flare Time Series Oracle Best (FTSO) official website.

News Terra

Terra (LUNA) has started cooperate Strategy with GAMEVIL COM2US Platform

With technical assistance from Terra, GAMEVIL and COM2US will accelerate the release of the project’s C2X token, as well as the development of blockchain games and NFT markets.

The strategic partnership will include a technical collaboration that will support the launch of NFT in the first quarter of 2022 based on the Terra blockchain.

News DAO

The ConstitutionDAO team has fail in an attempt to get the last printed copy of the first edition of the United States Constitution at Sotheby’s public auction on Thursday.

Instead, the “Official Version” of the United States Constitution was “won by an unspecified auction house for $ 43.2 million after including auction fees.

This is one of thirteen copies of the official constitution of the Constitutional Convention. It was first purchased by Sotheby’s in 1988 from real estate developer S. Howard Goldman for $ 165,000. His widow Dorothy Goldman put it up for sale this year and said the proceeds will go to the Dorothy Tapper Goldman Fund.

Binance Smart Chain news

The Binance Smart Chain network has seen more daily transactions than the Bitcoin and Ethereum blockchains combined.

Data from BscScan has shown that Binance Smart Chain has reached 15 million daily transactions, making it the first blockchain network to reach this milestone.

The platform powered by Binance recorded more than 14.7 million transactions on November 16, beating the previous record of 13.1 million on July 29.

In addition, the number of new addresses created on November 16 also exceeded the old record. According to the data, 276,446 addresses were created on Tuesday, while the old record was 111,244 addresses.

News Arbitrum One

After Binance supported deposits and withdrawals with many Ethereum replacement chains such as Avalanches C-Chain or Matic (Polygon), Binance recently officially announced that it will support the ETH transfer port with Arbitrum One.

In their recent announcement, Binance said it will support Layer-2 Arbitrum One’s ETH deposit port. In addition, the gateway for the withdrawal of ETH into this chain is expected to be supported tomorrow (November 20th).

With this step, Arbitrum users have an additional solution to transfer money to this Layer-2. Previously, users had to transfer ETH directly from Ethereum’s L1 via the Arbitrum Bridge. Or you have to move through many on-chain bridges such as Celer Bridge, Hop Protocol or Synapse.

Chromia news

The mines of Dalarnia, My Neighbor Alice and Chromia are Start up $ 80 Million Metaverse Program.

The program offers a total of $ 80 million to developers looking to create add-ons, add-ons, interactive indie games featuring the top two titles, and the Chromia gaming ecosystem in general.

Chromia is quickly establishing the project as a Metaverse and P2E platform, with game projects such as Mines of Dalarnia (MoD), My Neighbor Alice (MNA) and Revolve Games using Chromia’s technology in their topology.

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